Form 990 for tax year 2024
Filed by VILLAGE OF PROMISE INCORPORATED.
Totals
- Total revenue
- $1,392,209
- Total expenses
- $1,421,628
- Contributions and grants received
- $1,001,264
- Grants paid
- $0
- Program service revenue
- $30,539
- Investment income
- $282
- Other revenue
- $360,124
- Total assets, end of year
- $198,055
- Total liabilities, end of year
- $291,040
- Net assets or fund balances, end of year
- -$92,985
- Program services expenses (Part IX)
- $1,018,617
- Management and general expenses
- $172,523
- Fundraising expenses
- $230,488
- Program service expenses (Part III)
- $1,018,617
Program services were 71.7% 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.
-
1e · Government grants (contributions)
$369,912
-
1f · All other contributions, gifts and grants
$631,352
-
2a · Program service revenue: DAYCARE FEES
total $30,539 · related or exempt $30,539
-
3 · Investment income
total $282 · excluded $282
-
8a · Fundraising events: gross income
$428,932
-
8b · Fundraising events: direct expenses
$68,808
-
8c · Net income from fundraising events
total $360,124 · excluded $360,124
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $114,117 · program services $114,117
-
7 · Other salaries and wages
total $858,669 · program services $581,111 · management and general $89,934 · fundraising $187,624
-
9 · Other employee benefits
total $134,279 · program services $113,560 · management and general $4,928 · fundraising $15,791
-
10 · Payroll taxes
total $70,299 · program services $50,583 · management and general $7,253 · fundraising $12,463
-
11a · Fees: management
total $26,815 · program services $21,452 · management and general $5,363
-
11c · Fees: accounting
total $31,177 · management and general $31,177
-
12 · Advertising and promotion
total $5,068 · fundraising $5,068
-
13 · Office expenses
total $104,714 · program services $94,156 · management and general $8,620 · fundraising $1,938
-
14 · Information technology
total $600 · program services $600
-
16 · Occupancy
total $38,848 · program services $19,458 · management and general $11,786 · fundraising $7,604
-
20 · Interest
total $3,967 · management and general $3,967
-
22 · Depreciation, depletion and amortization
total $2,375 · management and general $2,375
-
23 · Insurance
total $26,200 · program services $23,580 · management and general $2,620
-
24a · Other expenses: BAD DEBT EXPENSES
total $4,500 · management and general $4,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $54,215 · end of year $115,115
-
2 · Savings and temporary cash investments
beginning of year $6,495 · end of year $6,777
-
3 · Pledges and grants receivable
beginning of year $30,985 · end of year $26,031
-
10a · Land, buildings and equipment: cost or other basis
$104,804
-
10b · Land, buildings and equipment: accumulated depreciation
$54,672
-
10c · Land, buildings and equipment, net
beginning of year $55,679 · end of year $50,132
-
17 · Accounts payable and accrued expenses
beginning of year $178,676 · end of year $163,593
-
19 · Deferred revenue
end of year $100,000
-
24 · Unsecured notes and loans payable
beginning of year $1,645 · end of year $0
-
25 · Other liabilities
beginning of year $30,619 · end of year $27,447
-
27 · Net assets without donor restrictions
beginning of year -$180,923 · end of year -$200,899
-
28 · Net assets with donor restrictions
beginning of year $117,357 · end of year $107,914
Mission and programs · 2024
Mission
WE ARE A FAMILY ADVANCEMENT CENTER, WITH PROGRAMS DESIGNED TO GUIDE AND SUPPORT CHILDREN AND THEIR FAMILIES AS THEY TRANSITION OUT OF POVERTY WHILE THEY ADVANCE EDUCATIONALLY, SOCIAL-EMOTIONALLY, PHYSICALLY, AND PROFESSIONALLY. WE FOCUS OUR PROGRAMS ON EDUCATIONAL, EMOTIONAL, SOCIAL, PHYSICAL AND PROFESSIONAL GROWTH OF CHILDREN AND THEIR FAMILIES.
-
PROMISE PREPARATORY OFFERS EARLY EDUCATION AND DEVELOPMENT SERVICES FROM BIRTH THROUGH PRE-K. THE PROGRAM USES A HOLISTIC LEARNING APPROACH, WITH A FOCUS ON SOCIAL-EMOTIONAL, PHYSICAL, CREATIVE, AND COGNITIVE DEVELOPMENT. THE CLASSES OFFERED ARE INFANT, TODDLER, THREES, AND PRE-K4 I AND II. THERE WERE 3 PARTICIPANTS IN INFANTS, 6 PARTICIPANTS IN TODDLERS, 10 PARTICIPANTS IN THREES,18 PARTICIPANTS IN PRE-K4I AND 15 PARTICIPANTS IN PRE-K4II DURING THE YEAR.
Expenses $664,385 · Revenue $30,539
-
THE FAMILY ADVANCEMENT PROGRAM FOCUSES ON EDUCATIONAL, SOCIAL-EMOTIONAL, PHYSICAL, AND PROFESSIONAL GOALS FOR EACH FAMILY MEMBER. THERE WERE 355 ADULTS AND CHILDREN SERVED DURING THE 2024-2025 SESSIONS.
Expenses $354,232
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JANE DANIEL
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JAYMES MOONEY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
BOBBY BRADLEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
ANGIE HELMS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
LEWIS PRICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RUSS ALEXANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RANDY CASH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SARAH GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRENDA CONVILLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PEGGY SAMMONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
INA WILSON SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
EMILY MOODY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ALBERT MWANGI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BETH RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRITTANY TOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LYNNE BERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAUL STEIGERWALD
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
DANA GILLIS
CHIEF EXECUTIVE DIRECTOR EX-OFFI
- Total calculated
- $114,117
- From this org
- $114,117
- From related orgs
- $0
- Other
- $0
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600309349300440
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