Totals
- Total revenue
- $811,416
- Total expenses
- $982,916
- Contributions and grants received
- $784,303
- Grants paid
- $316,598
- Program service revenue
- $0
- Investment income
- $6,734
- Other revenue
- $20,379
- Total assets, end of year
- $482,135
- Total liabilities, end of year
- $259,950
- Net assets or fund balances, end of year
- $222,185
- Program services expenses (Part IX)
- $684,839
- Management and general expenses
- $153,008
- Fundraising expenses
- $145,069
- Program service expenses (Part III)
- $684,839
Program services were 69.7% 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
$784,303
-
3 · Investment income
total $6,734 · excluded $6,734
-
6a · Gross rents
real property $15,238
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $15,238
-
6d · Net rental income or loss
total $15,238 · excluded $15,238
-
11d · All other revenue
total $5,141 · excluded $5,141
-
11e · Other revenue, total
$5,141
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $316,598 · program services $316,598
-
5 · Compensation of officers, directors and key employees
total $91,800 · program services $16,982 · management and general $32,053 · fundraising $42,765
-
7 · Other salaries and wages
total $349,245 · program services $211,207 · management and general $71,472 · fundraising $66,566
-
8 · Pension plan contributions
total $10,071 · program services $6,713 · management and general $1,679 · fundraising $1,679
-
9 · Other employee benefits
total $16,030 · program services $10,686 · management and general $2,672 · fundraising $2,672
-
10 · Payroll taxes
total $48,572 · program services $32,382 · management and general $8,095 · fundraising $8,095
-
11c · Fees: accounting
total $16,600 · management and general $16,600
-
11g · Fees: other
total $1,273 · program services $849 · management and general $212 · fundraising $212
-
12 · Advertising and promotion
total $3,223 · program services $2,686 · fundraising $537
-
13 · Office expenses
total $37,386 · program services $22,652 · management and general $5,577 · fundraising $9,157
-
14 · Information technology
total $8,689 · program services $5,717 · management and general $1,408 · fundraising $1,564
-
16 · Occupancy
total $61,058 · program services $40,176 · management and general $9,892 · fundraising $10,990
-
22 · Depreciation, depletion and amortization
total $2,600 · management and general $2,600
-
23 · Insurance
total $4,620 · program services $3,040 · management and general $748 · fundraising $832
-
24a · Other expenses: FAMILY ENGAGEMENT
total $15,151 · program services $15,151
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $94,203 · end of year $97,937
-
2 · Savings and temporary cash investments
beginning of year $321,444 · end of year $56,109
-
3 · Pledges and grants receivable
end of year $77,710
-
9 · Prepaid expenses and deferred charges
beginning of year $4,604 · end of year $5,276
-
10a · Land, buildings and equipment: cost or other basis
$10,692
-
10b · Land, buildings and equipment: accumulated depreciation
$6,507
-
10c · Land, buildings and equipment, net
beginning of year $5,261 · end of year $4,185
-
12 · Investments: other securities
end of year $27,435
-
15 · Other assets
beginning of year $263,322 · end of year $213,483
-
17 · Accounts payable and accrued expenses
beginning of year $32,725 · end of year $42,880
-
25 · Other liabilities
beginning of year $263,609 · end of year $217,070
-
27 · Net assets without donor restrictions
beginning of year $392,500 · end of year $222,185
Mission and programs · 2023
Mission
PROVIDENCE PROMISE PROMOTES HIGH EDUCATIONAL ASPIRATIONS AND MORE EQUITABLE OPPORTUNITIES FOR PROVIDENCE PUBLIC SCHOOL STUDENTS BY ADVOCATING FOR COLLEGE SAVINGS ACCOUNTS AND FAMILY ENGAGEMENT, INCREASING FINANCIAL LITERACY, AND REDUCING THE FINANCIAL BURDEN OF HIGHER EDUCATION.
-
PROVIDENCE PROMISE'S UNIQUE, MULTI- PRONGED STRUCTURE IS DESIGNED TO HOLISTICALLY ADDRESS THE CHALLENGES FACED BY PROVIDENCE STUDENTS IN THEIR PURSUIT OF HIGHER EDUCATION.EARLY ENROLLMENT: PARENTS/GUARDIANS ENROLL THEIR CHILDREN BY THE TIME THEY ENTER THE PUBLIC SCHOOL SYSTEM, WHEN CHILDREN FROM BIRTH TO GRADE NINE ARE ELIGIBLE.COLLEGE SAVINGS: UPON ENROLLMENT, FAMILIES OPEN A 529 COLLEGE SAVINGS ACCOUNT FOR EACH CHILD AND CONTRIBUTE AN AVERAGE OF 1% OF THEIR GROSS ANNUAL HOUSEHOLD INCOME INTO EACH CHILD'S ACCOUNT FOR A PERIOD OF UP TO 15 YEARS. PROVIDENCE PROMISE PROVIDES AN INITIAL CONTRIBUTION OF $100 TO EACH CHILD'S ACCOUNT, AND ALSO PROVIDES OPPORTUNITIES FOR FAMILIES AND CHILDREN TO EARN ADDITIONAL INCENTIVES TO BUILD THEIR COLLEGE SAVINGS BY ACHIEVING CERTAIN GOALS.FAMILY ENGAGEMENT: PROVIDENCE PROMISE FACILITATES ONGOING FAMILY ENGAGEMENT AND FINANCIAL LITERACY THROUGH SCHOOL- BASED EVENTS, WORKSHOPS, COLLEGE VISITS, REFERRALS TO COLLEGE ACCESS PROGRAMS, AND MORE. THE FAMILY ENGAGEMENT PROGRAM ALSO INCLUDES A DEDICATED PARENT COUNCIL COMPRISED OF PARENT LEADERS WHO INFORM PROGRAM CHANGES AND FUTURE WORKSHOP TOPICS, AND HELP TO PLAN EVENTS.REDUCING THE FINANCIAL BURDEN: PROVIDENCE PROMISE WILL WORK WITH EACH STUDENT AND THEIR FAMILY TO IDENTIFY THE HIGHER EDUCATION CHOICES THAT BEST FIT THE NEEDS AND GOALS OF EACH CHILD AND TO ASSURE THAT ALL ACCESSIBLE FINANCIAL AID IS SECURED, INCLUDING FUNDS THAT MAY BE RAISEDBY PROVIDENCE PROMISE.
Expenses $684,839 · Grants $316,598
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James VincentJAMES VINCENT
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Christine DibiaseCHRISTINE DIBIASE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
John KashmanianJOHN KASHMANIAN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Lajuan AllenLAJUAN ALLEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michael CatarinaMICHAEL CATARINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Torrell MolaTORRELL MOLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard LappinRICHARD LAPPIN
FOUNDER
- Total calculated
- $0
- Hours/week
- 6
-
Robert BargeROBERT BARGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel BaudouinDANIEL BAUDOUIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marina BetancurMARINA BETANCUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marlen HernandezMARLEN HERNANDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Monica HoranMONICA HORAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa LevineLISA LEVINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kenneth WongDR KENNETH WONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eve Veliz-MoranEVE VELIZ-MORAN
DIRECTOR THROUGH 06/30/2024
- Total calculated
- $0
- Hours/week
- 1
-
Angy MoquetteANGY MOQUETTE
DIRECTOR THROUGH 06/30/2024
- Total calculated
- $0
- Hours/week
- 1
-
Madalyn CiampiMADALYN CIAMPI
EXECUTIVE DIRECTOR
- Total calculated
- $105,517
- From this org
- $97,111
- From related orgs
- $0
- Other
- $8,406
- Hours/week
- 40
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.
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.
-
LISCO DEVELOPMENT INC
S · REAL ESTATE DEVELOPMENT · RI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501119349300415
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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