Totals
- Total revenue
- $2,100,149
- Total expenses
- $1,727,175
- Contributions and grants received
- $646,091
- Grants paid
- $0
- Program service revenue
- $278,536
- Investment income
- $306,245
- Other revenue
- $869,277
- Total assets, end of year
- $5,412,626
- Total liabilities, end of year
- $210,479
- Net assets or fund balances, end of year
- $5,202,147
- Program services expenses (Part IX)
- $1,249,956
- Management and general expenses
- $272,316
- Fundraising expenses
- $204,903
- Program service expenses (Part III)
- $1,249,956
Program services were 72.4% 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
$646,091
-
1g · Noncash contributions included above
$129,312
-
2a · Program service revenue: RESIDENT COMMUNITY PROGRAM
total $278,536 · related or exempt $278,536
-
3 · Investment income
total $5,769 · excluded $5,769
-
7a · Gross sales of assets other than inventory
securities $300,476
-
7c · Gain or loss
securities $300,476
-
7d · Net gain or loss
total $300,476 · related or exempt $300,476
-
8a · Fundraising events: gross income
$509,995
-
8b · Fundraising events: direct expenses
$99,104
-
8c · Net income from fundraising events
total $410,891
-
10a · Gross sales of inventory
$413,576
-
10b · Cost of goods sold
$212,463
-
10c · Net income from sales of inventory
total $201,113 · related or exempt $201,113
-
11a · Other revenue: MISC INCOME
total $257,273 · related or exempt $257,273
-
11e · Other revenue, total
$257,273
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $902,626 · program services $664,464 · management and general $171,074 · fundraising $67,088
-
9 · Other employee benefits
total $107,275 · program services $70,486 · management and general $26,426 · fundraising $10,363
-
11g · Fees: other
total $44,743 · program services $14,774 · management and general $28,600 · fundraising $1,369
-
12 · Advertising and promotion
total $8,079 · program services $1,812 · management and general $4,488 · fundraising $1,779
-
13 · Office expenses
total $15,285 · program services $10,933 · management and general $3,932 · fundraising $420
-
14 · Information technology
total $31,059 · program services $31,059
-
16 · Occupancy
total $105,779 · program services $103,980 · fundraising $1,799
-
17 · Travel
total $1,131 · management and general $1,131
-
20 · Interest
total $12,470 · program services $12,470
-
22 · Depreciation, depletion and amortization
total $97,201 · program services $81,420 · management and general $15,781
-
23 · Insurance
total $110,880 · program services $110,880
-
24a · Other expenses: SUPPLIES
total $168,298 · program services $40,578 · management and general $8,137 · fundraising $119,583
-
24b · Other expenses: PROGRAM EXPENSES
total $56,991 · program services $54,165 · management and general $2,826
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $35,328 · program services $35,137 · management and general $191
-
24d · Other expenses: BANK SERVICES CHARGES
total $17,085 · program services $15,158 · fundraising $1,927
-
24e · All other expenses
total $12,945 · program services $2,640 · management and general $9,730 · fundraising $575
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $859,387 · end of year $1,065,877
-
3 · Pledges and grants receivable
beginning of year $1,097 · end of year $11,497
-
8 · Inventories for sale or use
beginning of year $32,268 · end of year $41,618
-
9 · Prepaid expenses and deferred charges
beginning of year $14,047 · end of year $10,349
-
10a · Land, buildings and equipment: cost or other basis
$1,930,658
-
10b · Land, buildings and equipment: accumulated depreciation
$358,222
-
10c · Land, buildings and equipment, net
beginning of year $2,912,869 · end of year $1,572,436
-
11 · Investments: publicly traded securities
beginning of year $435,718 · end of year $425,817
-
15 · Other assets
beginning of year $2,178,379 · end of year $2,285,032
-
17 · Accounts payable and accrued expenses
beginning of year $57,820 · end of year $69,697
-
19 · Deferred revenue
beginning of year $111,500 · end of year $7,375
-
22 · Loans and payables to officers and key people
beginning of year $1,350,000
-
23 · Secured mortgages and notes payable
beginning of year $76,810 · end of year $29,122
-
25 · Other liabilities
beginning of year $8,462 · end of year $104,285
-
27 · Net assets without donor restrictions
beginning of year $4,597,220 · end of year $4,908,669
-
28 · Net assets with donor restrictions
beginning of year $231,953 · end of year $293,478
Mission and programs · 2022
Mission
TO PROVIDE A MUCH NEEDED HOUSING OPTION FOR ADULTS WITH SPECIAL NEEDS THAT INCLUDES VOCATIONAL TRAINING, EMPLOYMENT, HEALTH, WELLNESS AND FITNESS, AS WELL AS DEVELOP PUBLIC/PRIVATE PARTNERSHIPS THAT WILL HELP MINIMIZE THE NEED FOR STATE FUNDING.
Activities or mission (Part I)
PROMISE, INC. WAS ESTABLISHED TO DEVELOP HOUSING & OTHER SERVICES FOR INDIVIDUALS WITH DISABILITIES.
-
1. OVER 50 RESIDENTS WITH VARYING DISABILITIES FOUND WORK WITH 35 DIFFERENT BUSINESSES WITHIN THE COMMUNITY, WITH THE MAJORITY WORKING WITH OUR EMPLOYMENT SPECIALISTS. 2. CONSTRUCTION WAS COMPLETED ON THE PROMISE CAF & BAKERY AT THE END OF 2019, AND IT OPENED IN FEBRUARY 2020. SHORTLY AFTER OPENING, THE CAF AND BAKERY WAS FORCED TO CLOSE DUE TO THE CLOSURE OF THE WEST MELBOURNE COMMUNITY PARK. AVES' PLACE ICE CREAM OPENED ITS DOORS ON SEPTEMBER 1,2020.
Expenses $1,249,956 · Revenue $278,536
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeff KielJEFF KIEL
CEO
- Total calculated
- $182,500
- From this org
- $150,000
- From related orgs
- $0
- Other
- $32,500
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $32,500
- Filer's total
- $182,500
-
Cindy DropeskiCINDY DROPESKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mike DuranteMIKE DURANTE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Dudley GarnerDUDLEY GARNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Terry L LockeTERRY L LOCKE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Margaret Lohan-AvalosMARGARET LOHAN-AVALOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rusty MelleRUSTY MELLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Lori D NelsonDR LORI D NELSON
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Frank J VegaFRANK J VEGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mason WilliamsMASON WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lynn WilsonLYNN WILSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
PROMISE IN BREVARD MEMBER LLC
MANAGEMENT · FL · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302919349301610
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.