Hbcu Promise Inc
- Assets
- $500.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Smyrna, GA
- Founding
- Data as of
- 12/2021
- EIN
- 84-2968970
Organization Overview
Hbcu Promise Inc is located in Smyrna, GA. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hbcu Promise Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deaundr'e Newsome CEO | 2 | $0 | |
King Duncan Secretary | 2 | $0 | |
Melinda Varner Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,197 |
| Total Program Service Revenue | $10,735 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,500 |
| Total Revenue | $39,432 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,000 |
| Professional fees and other payments to independent contractors | $7,880 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,761 |
| Other expenses | $33,010 |
| Total expenses | $104,651 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $500 |
| Total liabilities | $131,697 |
| Net assets or fund balances | -$131,197 |
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