Overview
What is Project Promise?
Project Promise is a nonprofit organization situated in Chicago, Illinois, with a team of 19 dedicated individuals. Their primary mission is to offer academic and career counseling services to high school students, aiming to help them graduate and secure college admissions. Through this initiative, they have successfully assisted over 560 students, ensuring that 100% of their graduating high school students completed the Free Application for Federal Student Aid (FAFSA) and gained acceptance into colleges. Project Promise's work extends beyond providing counseling, as they support students in completing essential applications and applications for higher education.
Official website here: www.projectpromiseil.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
Project Promise has received a Three-Star rating from Charity Navigator, reflecting a solid Accountability & Finance score of 84%. This rating is particularly significant as it indicates the charity’s ability to effectively manage its finances and uphold transparency, which are crucial for donor trust. The organization has excelled in several areas, including having an entirely independent board and maintaining a strong program expense ratio of nearly 80%.
Strengths noted in the evaluation include a fully independent board and a robust financial oversight framework, which contributes to a strong sense of governance. Additionally, there are no reported issues concerning the diversion of assets, further enhancing their accountability profile. However, the rating also highlights some areas needing improvement, such as the absence of a conflict of interest policy, a whistleblower policy, and a document retention policy, which could potentially impact overall governance practices.
Overall, while Project Promise demonstrates a commendable commitment to financial accountability, addressing the noted policy gaps could further enhance its operational integrity and stakeholder confidence. As such, the charity stands on stable ground but has room to strengthen its governance framework for future growth.
This AI summary has been generated from information found on Charity Navigator.
Is Project Promise legitimate?
Project Promise is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Promise 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $252,399
For more financial information, click here
Official website here: www.projectpromiseil.com
What is the mission statement of Project Promise?
Project Promise offers academic and career counseling services to high school students, aiming to assist them in graduating from high school and securing college acceptance. Their mission is to provide these students with the necessary guidance and resources to navigate their educational paths and increase their chances of higher education opportunities. Through their services, they have helped over 560 students complete their FAFSA applications and gain acceptance into colleges.
Official website here: www.projectpromiseil.com
Who is the CEO of Project Promise?
Lois Britton is the Executive Director of Project Promise.
Official website here: www.projectpromiseil.com
What is the revenue of Project Promise?
Project Promise's revenue in 2022 was $665,816.
Official website here: www.projectpromiseil.com
Who are the executives of Project Promise and what are their salaries?
The average compensation at Project Promise during 2022 was $13,284. There are 19 employees at Project Promise.
There is 1 key member and their salary:
- Compensation: $86,000
- Related: $0
- Other: $0
Official website here: www.projectpromiseil.com
Where can I find the form 990 for Project Promise?
Project Promise's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.projectpromiseil.com
Learn more at the official website: www.projectpromiseil.com
Mission Statement of Project Promise
Project Promise, a nonprofit organization, is dedicated to providing academic and career counseling services to high school students. Their mission is to assist these students in overcoming challenges and achieving their educational goals. By offering comprehensive counseling services, Project Promise helps students navigate the process of completing high school and gaining acceptance into colleges. The organization has successfully aided over 560 students, with all graduating high school and securing college placements. An impressive achievement, Project Promise's services in FAFSA applications completion and college acceptance have significantly contributed to the students' futures.
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Impact
July, 2024
Project Promise has had a significant impact in Chicago by providing academic and career counseling services to over 560 high school students. Through their efforts, 100% of graduating high school students completed FAFSA applications and were accepted into college. This success reflects the organization's commitment to supporting students in achieving their educational goals and successfully transitioning to higher education.
This information is meant to be a general summary of Project Promise. 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.
- Gross Receipts: $665,816
Assets and Liabilities:
- Total Assets: $98,927
- Total Liabilities: $10,966
- Net Assets: $87,961
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Organization Details
Founding Year
2015
Principal Officer
Lois Britton
Main Address
9400 S MICHIGAN AVE, Chicago, IL, 60619
Website
www.projectpromiseil.comNTEE Category
Code: B01 - Education
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