PROVIDENCE PROMISE

As filed

Subsection

03

NTEE code

B82

Classification

1200

Street

2 REGENCY PLZ STE 12

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• 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 $536,446 · Grants $148,203 · Revenue $2,210

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

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $783,915

  Expenses

  $855,447

  Contributions

  $753,932

  Grants paid

  $148,203

• 2023

  Revenue

  $811,416

  Expenses

  $982,916

  Contributions

  $784,303

  Grants paid

  $316,598

• 2022

  Revenue

  $819,387

  Expenses

  $812,162

  Contributions

  $814,249

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $631,702

  Expenses

  $485,912

  Assets (EOY)

  $403,115

• 2020 · 990

  Revenue

  $452,764

  Expenses

  $324,536

  Assets (EOY)

  $240,350

• 2019 · 990

  Revenue

  $241,447

  Expenses

  $189,718

  Assets (EOY)

  $139,057

• 2018 · 990

  Revenue

  $200,800

  Expenses

  $203,052

  Assets (EOY)

  $61,471

• 2017 · 990

  Revenue

  $248,889

  Expenses

  $275,322

  Assets (EOY)

  $86,807

• 2015 · 990

  Revenue

  $77,593

  Expenses

  $52,700

  Assets (EOY)

  $46,060

• 2014 · 990

  Revenue

  $60,132

  Expenses

  $47,844

  Assets (EOY)

  $42,718

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• UNITED WAY OF RHODE ISLAND INC

  $59,179

  2024 · DONOR DESIGNATION/GRANT

• UNITED WAY OF RHODE ISLAND INC

  $57,565

  2023 · DONOR DESIGNATION/GRANT

• VANGUARD CHARITABLE ENDOWMENT PROGRAM

  $35,000

  2023 · FOR RECIPIENT'S EXEMPT PURPOSE

• THE RHODE ISLAND COMMUNITY FOUNDATION

  $27,850

  2024 · EDU - EDUCATIONAL SUCCESS (PRIMARY)

• VANGUARD CHARITABLE ENDOWMENT PROGRAM

  $25,500

  2022 · FOR RECIPIENT'S EXEMPT PURPOSE

• THE RHODE ISLAND COMMUNITY FOUNDATION

  $21,250

  2023 · EDUCATIONAL SUCCESS

• THE NEW YORK COMMUNITY TRUST

  $20,000

  2023 · FOR PROGRAM SUPPORT.

• MENTOR RHODE ISLAND - THE RI MENTORING PARTNERSHIP INC

  $17,625

  2022 · OPERATING

• UNITED WAY OF RHODE ISLAND INC

  $17,314

  2022 · DESIGNATED DONATION/GRANT

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $13,675

  2024 · For grant recipient's exempt purposes

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files