Overview
What is Promise Foundation Inc?
Promise Foundation Inc, established in Columbia, South Carolina, is a nonprofit organization dedicated to assisting students in need and recognition of merit. Although they temporarily halted monetary contributions during a specific period, they continue to offer various programs to support their cause. The foundation's mission is to provide financial aid to deserving students, thereby contributing to their education and overall development.
Is Promise Foundation Inc legitimate?
Promise Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promise Foundation Inc submitted a form 990EZ, 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: $0
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What is the mission statement of Promise Foundation Inc?
The Promise Foundation, in its mission, aims to assist students in need and recognition of their merits through the provision of financial assistance. Despite having various programs, the organization temporarily halted monetary contributions during a specific period. The primary objective of the Promise Foundation is to empower students, thereby enhancing their educational opportunities. However, details regarding the broader goals or objectives beyond financial assistance are not explicitly mentioned in the provided information.
Who is the CEO of Promise Foundation Inc?
Michiko Johnson is the CEO of Promise Foundation Inc The CEO's salary of Promise Foundation Inc is $0 and their total compensation is $0.
What is the revenue of Promise Foundation Inc?
Promise Foundation Inc's revenue in 2024 was $3.
Who are the executives of Promise Foundation Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Promise Foundation Inc?
Promise Foundation Inc's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Promise Foundation Inc
The Promise Foundation, a nonprofit organization, is dedicated to assisting students in need and recognizing their merit. They accomplish this through financial aid programs. Although the information provided mentions a period when they temporarily halted monetary contributions, the foundation continues to offer various programs to support its beneficiaries. By doing so, the Promise Foundation aims to empower students financially, thereby enabling them to pursue their academic goals effectively.
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Impact
October, 2024
The Promise Foundation Inc significantly impacts the educational landscape by providing critical financial assistance to students based on merit and need. Their commitment to supporting students fosters greater access to education, empowering individuals to pursue their academic goals without the burden of financial constraints.
While the foundation offers a variety of programs, there was a specific period when they ceased monetary contributions. Despite this, their ongoing mission remains to enhance opportunities for deserving students within the Columbia, SC area. By focusing on both merit and financial need, they help bridge the gap for many students, contributing positively to their personal and professional development. The foundation’s efforts in philanthropy play a vital role in cultivating a supportive environment that encourages educational achievement and growth.
This information is meant to be a general summary of Promise Foundation 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 2024.
- Gross Receipts: $3
Assets and Liabilities:
- Total Assets: $3,521
- Total Liabilities: $0
- Net Assets: $3,521
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Organization Details
NTEE Category
Code: T50 - Philanthropy
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