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Promise Partners

Thriving Families Alliance

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261240327 ✦ Council bluffs, IA ✦ Designated as a 501(c)(3)

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Overview

What is Promise Partners?

Promise Partners, based in Council Bluffs, Iowa, is a dedicated nonprofit organization with a mission to establish a comprehensive early childhood care, health, and education system for children aged 0-5 years. Their primary goal is to foster a caring community that ensures the well-being of every child. They embody this mission through five promises: providing caring adults, ensuring safe places with positive activities, ensuring a healthy start and future, promoting life skills through effective education, and offering opportunities to serve, learn, and contribute back to the community. The organization's activities and mission are aligned with empowering children by addressing their essential needs and fostering their growth in a nurturing environment.


Official website here: www.thrivingfamiliesalliance.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 92%, Four-Star out of Four Star rating

Promise Partners has achieved a strong 92% rating from Charity Navigator, reflecting its commitment to accountability and financial health. This rating is derived entirely from a single beacon score focused on Accountability & Finance, indicating the organization operates with transparency and adherence to best practices in governance.

The nonprofit has scored exceptionally well across various key metrics, including 100% independent board members and a high program expense ratio of 89.74%, signaling that the majority of its funds are directed toward its programs rather than administrative costs. The absence of material diversion of assets further emphasizes the integrity of its financial management.

However, it is noted that the organization is missing a whistleblower policy, which could be seen as a limitation in its governance framework. Despite this, the overall financial standing and governance practices of Promise Partners suggest a reliable and effective nonprofit, making it a worthy consideration for potential donors and supporters.


This AI summary has been generated from information found on Charity Navigator.

Is Promise Partners legitimate?

Promise Partners is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promise Partners submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $105,704
Professional Fundraising Fees: $0
Other Salaries and Wages: $178,922

For more financial information, click here


Official website here: www.thrivingfamiliesalliance.org

What is the mission statement of Promise Partners?

Promise Partners' mission is centered around empowering a caring community that ensures the well-being of every child. This is achieved through five promises: providing caring adults, creating safe places with positive activities, ensuring a healthy start and future, fostering life skills through effective education, and offering opportunities for service, learning, and giving back to the community. The organization supports comprehensive early childcare, health, and education systems for children aged 0 to 5 years through their School Ready Programs.


Official website here: www.thrivingfamiliesalliance.org

Who is the CEO of Promise Partners?

Patricia Russmann is the Executive Director of Promise Partners.


Official website here: www.thrivingfamiliesalliance.org

What is the revenue of Promise Partners?

Promise Partners's revenue in 2022 was $1,678,671.


Official website here: www.thrivingfamiliesalliance.org

Who are the executives of Promise Partners and what are their salaries?


Here are 12 key members and their salaries:


Patricia Russmann (Executive Director)
  • Compensation: $76,003
  • Related: $0
  • Other: $19,919
Hollie Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Riek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Ross (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Schalley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Schultz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kris Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Bouska (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexis Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gayle Strickland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melvyn Houser (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Belt (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thrivingfamiliesalliance.org

Where can I find the form 990 for Promise Partners?

Promise Partners's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thrivingfamiliesalliance.org

Learn more at the official website: www.thrivingfamiliesalliance.org

Mission Statement of Promise Partners

Promise Partners, a nonprofit organization, is committed to empowering a caring community that ensures the well-being of every child. They accomplish this mission by promising five essential elements: caring adults, safe places with positive activities, a healthy start and future, life skills through effective education, and opportunities to serve, learn, and give back to the community.

By focusing on these five promises, Promise Partners aims to establish an environment where children can thrive. They prioritize the presence of caring adults to provide support and guidance, ensuring that children feel valued and nurtured. The organization also strives to provide safe places with positive activities, fostering a sense of security and encouraging children to engage in enriching experiences.

Furthermore, Promise Partners is dedicated to ensuring a healthy start and future for children. They offer programs and support that promote physical and emotional well-being, setting children on the path to success as they grow. In addition, they emphasize the importance of life skills through effective education, equipping children with the knowledge and abilities they need to navigate life's challenges.

Lastly, Promise Partners encourages children to engage in opportunities to serve, learn, and give back to the community. By fostering a sense of community involvement and social responsibility, they help children develop into well-rounded individuals who are committed to making a positive impact in the world.

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Impact




October, 2024

Promise Partners significantly contributes to the well-being of children in Council Bluffs, Iowa, by fostering a caring community grounded in five essential promises. These promises are designed to ensure that every child has access to caring adults, safe spaces with positive activities, a healthy start and future, life skills through effective education, and opportunities to serve, learn, and give back to the community.

The organization’s School Ready programs specifically target children ages 0-5, creating a comprehensive early childcare, health, and education system that supports their development during critical formative years. By emphasizing the importance of early intervention and resource accessibility, Promise Partners empowers families and encourages active participation in nurturing a brighter future for the next generation. This holistic approach not only benefits individual children but also strengthens the community as a whole, leading to long-term positive outcomes for families and society.




This information is meant to be a general summary of Promise Partners. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,678,671 (2022)
Expenses
$1,619,476 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $114
  • Gross Receipts: $1,678,671

Assets and Liabilities:

  • Total Assets: $925,581
  • Total Liabilities: $320,652
  • Net Assets: $604,929

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Organization Details

Founding Year

2007

Principal Officer

Patricia Russmann

Main Address

3501 HARRY LANGDON BLVD STE 160, Council Bluffs, IA, 51503

NTEE Category

Code: P40 - Human services

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