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Nonprofiteer
← LIBERTYS PROMISE INC

Form 990 for tax year 2024

Filed by LIBERTYS PROMISE INC.

Totals

Total revenue
$1,395,393
Total expenses
$1,426,800
Contributions and grants received
$1,388,549
Grants paid
$0
Program service revenue
$0
Investment income
$1,924
Other revenue
$4,920
Total assets, end of year
$1,123,347
Total liabilities, end of year
$298,962
Net assets or fund balances, end of year
$824,385
Program services expenses (Part IX)
$1,169,050
Management and general expenses
$188,946
Fundraising expenses
$68,804
Program service expenses (Part III)
$1,169,050

Program services were 81.9% 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.

  • 1e · Government grants (contributions)

    $1,039,650

  • 1f · All other contributions, gifts and grants

    $348,899

  • 3 · Investment income

    total $1,924 · excluded $1,924

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $4,920 · related or exempt $4,920

  • 11e · Other revenue, total

    $4,920

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $91,313 · program services $10,622 · management and general $65,966 · fundraising $14,725

  • 7 · Other salaries and wages

    total $729,442 · program services $670,639 · management and general $31,023 · fundraising $27,780

  • 8 · Pension plan contributions

    total $5,450 · program services $4,181 · management and general $883 · fundraising $386

  • 9 · Other employee benefits

    total $82,410 · program services $63,225 · management and general $13,355 · fundraising $5,830

  • 10 · Payroll taxes

    total $66,674 · program services $55,372 · management and general $7,839 · fundraising $3,463

  • 13 · Office expenses

    total $20,004 · program services $11,044 · management and general $4,217 · fundraising $4,743

  • 16 · Occupancy

    total $41,490 · program services $37,892 · management and general $2,374 · fundraising $1,224

  • 17 · Travel

    total $20,320 · program services $16,941 · management and general $2,707 · fundraising $672

  • 20 · Interest

    total $5,215 · management and general $5,215

  • 22 · Depreciation, depletion and amortization

    total $5,855 · program services $2,342 · management and general $3,513

  • 23 · Insurance

    total $14,061 · management and general $14,061

  • 24a · Other expenses: CIVIC CLASSES

    total $248,469 · program services $248,469

  • 24b · Other expenses: PROFESSIONAL FEES

    total $34,979 · program services $1,618 · management and general $31,696 · fundraising $1,665

  • 24c · Other expenses: INTERNSHIPS

    total $25,875 · program services $25,875

  • 24d · Other expenses: TELEPHONE

    total $12,579 · program services $12,045 · management and general $271 · fundraising $263

  • 24e · All other expenses

    total $22,664 · program services $8,785 · management and general $5,826 · fundraising $8,053

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $682,117 · end of year $574,750

  • 3 · Pledges and grants receivable

    beginning of year $350,430 · end of year $459,448

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,663 · end of year $12,038

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

    $51,864

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

    $41,498

  • 10c · Land, buildings and equipment, net

    beginning of year $16,222 · end of year $10,366

  • 12 · Investments: other securities

    beginning of year $13,391 · end of year $14,069

  • 15 · Other assets

    beginning of year $41,657 · end of year $52,676

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,627 · end of year $57,625

  • 19 · Deferred revenue

    beginning of year $59,248 · end of year $83,542

  • 23 · Secured mortgages and notes payable

    beginning of year $121,023 · end of year $106,651

  • 24 · Unsecured notes and loans payable

    beginning of year $43,956 · end of year $51,144

  • 27 · Net assets without donor restrictions

    beginning of year $683,860 · end of year $782,914

  • 28 · Net assets with donor restrictions

    beginning of year $171,766 · end of year $41,471

Mission and programs · 2024

Mission

LIBERTY'S PROMISE SUPPORTS YOUNG IMMIGRANTS IN NEED WHILE ENCOURAGING THEM TO BE ACTIVE AND CONSCIENTIOUS AMERICAN CITIZENS. THE ORGANIZATION'S PROGRAMS AIM TO MAKE THE IMMIGRANT EXPERIENCE AN AFFIRMATIVE ONE FOR YOUNG NEWCOMERS WHILE INSTILLING IN THEM A SENSE OF PRIDE AND SUPPORT FOR AMERICAN IDEALS OF DEMOCRACY AND FREEDOM. BY DOING SO, LIBERTY'S PROMISE SEEKS TO REAFFIRM THIS COUNTRY'S FUNDAMENTAL EGALITARIAN AND DEMOCRATIC TRADITIONS FOR FUTURE GENERATIONS.

  • THE ORGANIZATION COLLABORATES WITH GOVERNMENT AGENCIES, BUSINESSES AND NON-PROFIT ORGANIZATIONS TO OFFER EIGHT-WEEK INTERNSHIPS FOR LOW- INCOME,IMMIGRANT YOUTH, PROMOTES ACTIVE COMMUNITY INVOLVEMENT THROUGH AFTER-SCHOOL PROGRAMS OF CIVIC ENGAGEMENT, AND PROVIDES LONG-TERM MENTORING SO THAT YOUTH STAY IN HIGH SCHOOL, AND GO ON TO HIGHER EDUCATION AND A SUCCESSFUL CAREER.

    Expenses $1,169,050

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

Listed in Part VII

  • ROBERT PONICHTERA

    EXECUTIVE DI

    Total calculated
    $109,426
    From this org
    $91,313
    From related orgs
    $0
    Other
    $18,113
    Hours/week
    40

  • ADRIEL HENRIQUEZ BAIRES

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SERGIO CURRO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LOUISA COAN GREVE

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • KRISTA HENDRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GREG MCLEAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RODGER POTOCKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LYNN SHOTWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • F WALLACE HAYES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.0
Source object
202532889349302453

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