Promise54

Organization Overview

Promise54 is located in Washington, DC. The organization was established in 2019. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 09/2021, Promise54 employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise54 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Promise54 generated $5.4m in total revenue. All expenses for the organization totaled $4.8m during the year ending 09/2021.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE HELP CREATE THE CONDITIONS FOR PEOPLE TO THRIVE AND DO THEIR BEST WORK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMISE54 PARTNERED WITH DOZENS OF ORGANIZATIONS TO PROVIDE TAILORED TRAINING, ADVISING, COACHING, AND EXECUTIVE SEARCH SUPPORT. IN ADDITION, THE ORGANIZATION CONTINUED TO OFFER ITS SIGNATURE COHORT PROGRAMMING FOCUSED ON ADVANCING DIVERSITY, EQUITY, AND INCLUSION EFFORTS AND IMPLEMENTING EFFECTIVE TALENT MANAGEMENT PRACTICES WITH MORE THAN 80 ORGANIZATIONS ACROSS SEVERAL COHORTS. PROMISE54 ALSO PREPARED TO RELEASE ITS LATEST RESEARCH REPORT, UNREALIZED IMPACT 2.0.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $480,393
All other contributions, gifts, grants, and similar amounts not included above$799,979
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,280,372
Total Program Service Revenue$4,123,712
Investment income $1,118
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,405,202

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Promise54 has recieved totaling $202,000.

Awarding OrganizationAmount
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Education

$100,000
Education Forward Dc

Washington, DC

PURPOSE: GENERAL OPERATIONS

$60,000
Rileys Way Foundation

Brooklyn, NY

PURPOSE: TO CARRY OUT PROGRAM ACTIVITIES, SIMILAR TO ALL OTHER GRANTS MADE BY THE FOUNDATION IN THE CURRENT YEAR AND PRIOR YEARS

$24,000
Rainwater Charitable Foundation

Fort Worth, TX

PURPOSE: DIVERSITY TRAINING AT TEA

$18,000
View Grant Recipient Profile

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