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Nonprofiteer
← PROMISE NEIGHBORHOOD OF CENTRAL MINNESOTA

Form 990 for tax year 2023

Filed by PROMISE NEIGHBORHOOD OF CENTRAL MINNESOTA.

Totals

Total revenue
$693,794
Total expenses
$656,000
Contributions and grants received
$693,207
Grants paid
$0
Program service revenue
$0
Investment income
$587
Other revenue
$0
Total assets, end of year
$270,079
Total liabilities, end of year
$80,759
Net assets or fund balances, end of year
$189,320
Program services expenses (Part IX)
$518,426
Management and general expenses
$96,861
Fundraising expenses
$40,713
Program service expenses (Part III)
$518,426

Program services were 79.0% 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)

    $255,917

  • 1f · All other contributions, gifts and grants

    $437,290

  • 3 · Investment income

    total $587 · excluded $587

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $92,400 · program services $29,160 · management and general $63,240

  • 7 · Other salaries and wages

    total $209,104 · program services $178,954 · fundraising $30,150

  • 10 · Payroll taxes

    total $19,238 · program services $13,466 · management and general $3,848 · fundraising $1,924

  • 11c · Fees: accounting

    total $12,494 · management and general $12,494

  • 11g · Fees: other

    total $36,434 · program services $25,504 · management and general $7,287 · fundraising $3,643

  • 13 · Office expenses

    total $8,436 · program services $5,905 · management and general $1,687 · fundraising $844

  • 16 · Occupancy

    total $9,220 · program services $6,454 · management and general $1,844 · fundraising $922

  • 17 · Travel

    total $25,451 · program services $17,816 · management and general $5,090 · fundraising $2,545

  • 19 · Conferences, conventions and meetings

    total $2,129 · program services $1,490 · management and general $426 · fundraising $213

  • 23 · Insurance

    total $4,724 · program services $3,307 · management and general $945 · fundraising $472

  • 24a · Other expenses: CLIENT SERVICES

    total $162,356 · program services $162,356

  • 24b · Other expenses: FOOD AND SUPPLIES

    total $41,041 · program services $41,041

  • 24c · Other expenses: RENTAL/FEES

    total $32,973 · program services $32,973

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $170,391

  • 2 · Savings and temporary cash investments

    beginning of year $60,041 · end of year $219,263

  • 4 · Accounts receivable

    beginning of year $51,211 · end of year $50,816

  • 17 · Accounts payable and accrued expenses

    beginning of year $462

  • 19 · Deferred revenue

    beginning of year $129,655 · end of year $80,759

  • 27 · Net assets without donor restrictions

    beginning of year $151,526 · end of year $189,320

Mission and programs · 2023

Mission

TO ENGAGE TALAHI FAMILIES AND HELP THEM ACHIEVE THEIR EDUCATIONAL, ECONOMIC, AND COMMUNITY ASPIRATIONS.

Activities or mission (Part I)

PROMISE NEIGHBORHOOD OF CENTRAL MN (PN) ENGAGES TALAHI FAMILIES AND HELPS THEM ACHIEVE THEIR EDUCATIONAL, ECONOMIC, AND COMMUNITY ASPIRATIONS.

  • SUMMER CAMP - 2 FREE, FIVE WEEK PROGRAM IN JUNE, JULY AND AUGUST FOR 35 KIDS IN ELEMENTARY AND MIDDLE SCHOOL. PROGRAM INCLUDES CLASSROOM CURRICULUM FROM STATE CERTIFIED TEACHER CURRENTLY WORKING IN LOCAL SCHOOL DISTRICT, EXPERIENTIAL LEARNING, PEER MENTORING, AND INDIVIDUAL AND GROUP MENTORING FROM ADULTS. PARTICIPANTS AND FAMILIES ARE BETTER PREPARED FOR SUCCESS IN THE CLASSROOM AND HAVE DEVELOPED A STRONG PARTNERSHIP WITH POSITIVE ADULT ROLE MODELS FROM THE COMMUNITY. A WALK IN PROGRAM TWICE A WEEK IN JUNE. WE ALSO OFFER CULTURAL EXPLORATION AND FIELD TRIPS TO PROVIDE EXPERIENTIAL LEARNING.

    Expenses $51,843

  • YOUTH NIGHT - FREE PROGRAM THAT PROVIDES GROUP AND INDIVIDUAL MENTORING, PEER MENTORING AND A MATH AND READING CLUB. TUTORING AND HELP WITH HOMEWORK ARE ALSO PROVIDED. PARTICIPANTS AND FAMILIES ARE BETTER PREPARED FOR SUCCESS IN THE CLASSROOM AND HAVE DEVELOPED A STRONG PARTNERSHIP WITH POSITIVE ADULT ROLE MODELS FROM THE COMMUNITY. ONE ON ONE AND GROUP MENTORING.

    Expenses $103,685

  • FAMILY SUPPORT PROGRAM - PROVIDES EMERGENCY FOOD SUPPORT, ACCESS TO COMMUNITY GARDEN, USED CLOTHING CLOSET, TRAINING OPPORTUNITIES, WRITING AND COMPUTER CLASSES, STIPENDS FOR COMMUNITY MEMBERS, PEER MENTORING, ACCESS TO A LAWYER FOR CIVIL CASES, AND LEADERSHIP DEVELOPMENT. EARLY CHILDHOOD LEARNING PROGRAM FOR PARENT AND CHILDREN UNDER 4 YEARS OF AGE. WE ALSO OFFER RENTAL ADVOCACY TRAINING AND TRAUMA TRAINING.

    Expenses $362,898

As filed on the 2023 return.

Listed in Part VII

  • John Smith

    CHAIR OF THE EXECUTIVE COM

    Total calculated
    $87,600
    From this org
    $87,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Shannon Gustafson

    SECRETARY

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • Janice Sims

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • Holly Wilcox

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5

  • Monica Schraut

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Jerry Wetterling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
2 October 2024
IRS schema version
2023v5.1
Source object
202412919349301616

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