Promise Ridge Inc
- Assets
- $102.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Idaho Falls, ID
- Founding
- 11/2018
- Data as of
- 09/2023
- EIN
- 82-5256950
Organization Overview
Promise Ridge Inc is located in Idaho Falls, ID. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise Ridge Inc 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 09/2023, Promise Ridge Inc generated $165.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $120.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED A SAFE AND SECURE PLACE TO LIVE FOR 30 HOMLESS FAMILES (WHICH INCLUDED 85 INDIVIDUALS) WHILE THEY WORKED ON BECOMING SUSTAINABLE. THE DONATED USE OF THE FACILITY DURING THE FISCAL YEAR ENDED 9/30/22 IS VALUES AT 27,600.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Wetzel Recording Di | 0 | $0 | |
Kristina Batalden Director | 0 | $0 | |
Misty Martinell Director | 0 | $0 | |
Vicki Leatham Director | 0 | $0 | |
Jeanne Jensen Director | 0 | $0 | |
Marie Tracy Financial Pa | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,641 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $165,641 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $69,315 |
| Professional fees and other payments to independent contractors | $9,726 |
| Occupancy, rent, utilities, and maintenance | $27,680 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,259 |
| Total expenses | $119,980 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,907 |
| Other assets | $0 |
| Total assets | $102,324 |
| Total liabilities | $1,528 |
| Net assets or fund balances | $100,796 |