Skip to content
Nonprofiteer
← THE AMERICAN PROMISE INC

Form 990 for tax year 2024

Filed by THE AMERICAN PROMISE INC.

Totals

Total revenue
$4,067,910
Total expenses
$3,523,609
Contributions and grants received
$4,067,910
Grants paid
$1,310,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,670,955
Total liabilities, end of year
$49,007
Net assets or fund balances, end of year
$1,621,948
Program services expenses (Part IX)
$3,291,719
Management and general expenses
$170,585
Fundraising expenses
$61,305
Program service expenses (Part III)
$3,291,719

Program services were 93.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,067,910

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,310,000 · program services $1,310,000

  • 11a · Fees: management

    total $89,000 · program services $53,400 · management and general $17,800 · fundraising $17,800

  • 11b · Fees: legal

    total $5,783 · management and general $5,783

  • 11c · Fees: accounting

    total $30,005 · management and general $30,005

  • 11e · Fees: professional fundraising services

    total $2,500 · fundraising $2,500

  • 11g · Fees: other

    total $1,980,970 · program services $1,910,570 · management and general $35,200 · fundraising $35,200

  • 13 · Office expenses

    total $2,222 · program services $1,333 · management and general $556 · fundraising $333

  • 16 · Occupancy

    total $48,796 · management and general $48,796

  • 17 · Travel

    total $7,824 · program services $4,694 · management and general $1,565 · fundraising $1,565

  • 22 · Depreciation, depletion and amortization

    total $1,890 · management and general $1,890

  • 23 · Insurance

    total $19,072 · management and general $19,072

  • 24a · Other expenses: MEALS

    total $10,846 · program services $6,508 · management and general $2,169 · fundraising $2,169

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $8,690 · program services $5,214 · management and general $1,738 · fundraising $1,738

  • 24c · Other expenses: EQUIPMENT LEASE

    total $4,446 · management and general $4,446

  • 24d · Other expenses: SMALL EQUPIMENT

    total $836 · management and general $836

  • 24e · All other expenses

    total $729 · management and general $729

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,067,536 · end of year $1,593,192

  • 4 · Accounts receivable

    end of year $25,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,044 · end of year $13,734

  • 10a · Land, buildings and equipment: cost or other basis

    $44,538

  • 10b · Land, buildings and equipment: accumulated depreciation

    $44,307

  • 10c · Land, buildings and equipment, net

    beginning of year $2,121 · end of year $231

  • 15 · Other assets

    beginning of year $38,798 · end of year $38,798

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,250 · end of year $10,406

  • 25 · Other liabilities

    beginning of year $38,601 · end of year $38,601

  • 27 · Net assets without donor restrictions

    beginning of year $1,077,648 · end of year $1,621,948

Mission and programs · 2024

Mission

TO CONDUCT VARIOUS PROGRAMS TO EDUCATE CITIZENS ON THE SOCIETAL BENEFITS OF SOUND ECONOMIC, REGULATORY AND LEGAL POLICIES. SUCH PROGRAMS AND ACTIVITIES WILL INCLUDE, BUT NOT BE LIMITED TO, PUBLIC EDUCATION THROUGH SPEECHES, SEMINARS, RESEARCH, MEDIA DISTRIBUTION, INTERVIEWS, WEBSITE, ARTICLES, TELEVISION, RADIO AND NEWSPAPER INTERVIEWS AND OTHER ACTIVITIES FOR THE BETTERMENT OF SOCIETY.

  • RESEARCH, COLLECTING & ASSEMBLING INFORMATION FOR COMPILING DATA INFORMATION REPORTS IN ORDER TO PROPERLY BRIEF MEMBERS OF THE PRESS AND GENERAL PUBLIC IN A NON-PARTISAN, UNBIASED MANNER.

    Expenses $1,804,970

  • THE AMERICAN PROMISE, INC. CONDUCTS VARIOUS PROGRAMS TO EDUCATE CITIZENS ON THE SOCIETAL BENEFITS OF SOUND ECONOMIC, REGULATORY, AND LEGAL POLICIES. SUCH PROGRAMS AND ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, PUBLIC EDUCATION THROUGH SPEECHES, SEMINARS, RESEARCH, MEDIA DISTRIBUTION, INTERVIEWS, WEBSITE, ARTICLES, TELEVISION, RADIO AND NEWSPAPER INTERVIEWS AND OTHER ACTIVITIES FOR THE BETTERMENT OF SOCIETY.

    Expenses $1,486,749 · Grants $1,310,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • NIC FUGATE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • TYLER RIDDLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • TREY GARDNER

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • RYAN TYSON

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • ALEX ALVARADO

    INTERIM EX DIRECTOR

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202543189349307854

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.