Overview
What is American Promise Education Fund Inc?
American Promise Education Fund Inc is a nonprofit organization headquartered in Concord, Massachusetts, with a mission to educate, empower, and inspire Americans about the crucial role of citizen-led constitutional amendments in shaping our democratic society. The organization focuses on addressing the undue influence of money, corporations, unions, and super PACs in politics, with the goal of securing individual citizen rights and national interests for future generations. Their initiatives include annual citizen leadership conferences, a program to stimulate conversations and vet constitutional principles, empowerment programming collaborating with local organizations, and an action center providing resources and educational materials. The organization aims to build a strong republic and healthy democracy by uniting Americans.
Official website here: www.americanpromise.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
American Promise Education Fund Inc has achieved a high score of 92%, which signifies strong performance in the area of accountability and finance. This Four-Star rating indicates that the charity is well-managed and meets high standards of transparency and financial health. The score is derived entirely from their accountability and finance metrics, underscoring the organization's commitment to responsible governance.
One of the notable strengths of American Promise Education Fund Inc is its independent board structure, which consists entirely of independent members. This governance model is reinforced by a solid score in financial oversight, including a fully audited financial statement and an effective audit and oversight committee. The organization has also demonstrated responsible financial management with a program expense ratio of 71.26%, indicating that a significant portion of its budget is devoted to its programs.
However, while the charity performs well overall, it does have a limitation in its whistleblower policy, which is currently missing. This could represent a gap in ensuring comprehensive internal protections for employees and volunteers. Despite this shortcoming, the overall strong performance in other areas suggests that American Promise Education Fund Inc is focused on maintaining ethical practices and sustaining financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is American Promise Education Fund Inc legitimate?
American Promise Education Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Promise Education Fund Inc 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: $60,588
Professional Fundraising Fees: $0
Other Salaries and Wages: $708,057
For more financial information, click here
Official website here: www.americanpromise.net
What is the mission statement of American Promise Education Fund Inc?
The American Promise Education Fund Inc's mission is centered around educating, empowering, and inspiring Americans. Their objective is to highlight the crucial role of citizen-led constitutional amendments in shaping our republican democracy. Specifically, they aim to advocate for a 28th amendment to limit the undue influence of money, corporations, unions, and Super PACs in political processes. This amendment is seen as a means to safeguard the rights of individual citizens and protect the interests of the nation for future generations.
Official website here: www.americanpromise.net
Who is the CEO of American Promise Education Fund Inc?
Jeff Clements is the President And Board Member of American Promise Education Fund Inc.
Official website here: www.americanpromise.net
What is the revenue of American Promise Education Fund Inc?
American Promise Education Fund Inc's revenue in 2022 was $1,245,160.
Official website here: www.americanpromise.net
Who are the executives of American Promise Education Fund Inc and what are their salaries?
The average compensation at American Promise Education Fund Inc during 2022 was $32,027. There are 24 employees and 225 volunteers at American Promise Education Fund Inc.
Here are 8 key members and their salaries:
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- Compensation: $60,588
- Related: $71,212
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Official website here: www.americanpromise.net
Where can I find the form 990 for American Promise Education Fund Inc?
American Promise Education Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.americanpromise.net
Learn more at the official website: www.americanpromise.net
Mission Statement of American Promise Education Fund Inc
American Promise Education Fund, a nonprofit organization, is committed to a mission of educating, inspiring, and empowering Americans. Their primary goal is to foster a strong republic and a healthy democracy by enlightening individuals about the crucial role of citizen-led constitutional amendments in shaping the country's political landscape. The organization specifically focuses on the potential of a 28th Amendment, which could address the undue influence of money, corporations, unions, and Super PACs in political processes. By implementing this amendment, American Promise Education Fund aims to safeguard the rights of individual citizens and promote the interests of the nation for future generations. The nonprofit seeks to build a democracy where every citizen's voice matters equally, ensuring that the nation's political decisions are driven by the collective will of its people.
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Impact
July, 2024
American Promise Education Fund Inc's impact lies in its mission to educate, empower, and inspire Americans about the crucial role of citizen-led constitutional amendments in shaping our republican democracy. By advocating for a 28th amendment to address the undue influence of money, corporations, unions, and super PACs in the political process, the organization aims to secure the rights of individual citizens and the interests of the nation for generations to come. Through programs such as the National Citizen Leadership Conference, Writing the 28th Amendment Program, Citizen Empowerment initiatives, the Action Center, and the Keep the Promise Campaign, American Promise Education Fund Inc equips citizens with the knowledge, resources, and skills necessary to actively engage in our democracy and advocate for meaningful reform. By building capacity in its programs and communications departments, establishing partnerships, and engaging a growing network of leaders, the organization is fostering a community of informed and empowered citizens who can effectively shape the future of the nation.
This information is meant to be a general summary of American Promise Education Fund Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $221
- Gross Receipts: $1,245,160
Assets and Liabilities:
- Total Assets: $1,895,485
- Total Liabilities: $202,364
- Net Assets: $1,693,121
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Organization Details
Founding Year
2015
Phone
(978) 254-6275Principal Officer
Jeff Clements
Main Address
33 BRADFORD STREET, CONCORD, MA, 01742
Website
www.americanpromise.netIf you are a representative of American Promise Education Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.