Overview
What is Promise54?
Promise54 is a nonprofit organization situated in Washington, D.C., specifically at 1333 New Hampshire Ave NW, 20036. The organization's primary mission is to foster an environment conducive to personal growth and professional success. They achieve this by partnering with various organizations, offering tailored training, advisory services, coaching, and executive search support. Promise54's signature cohort programming focuses on promoting diversity, equity, and inclusion efforts and implementing effective talent management practices. As of now, they are preparing to release a new research report titled "Unrealized Impact 2.0". The organization has a dedicated workforce of 23 individuals.
Official website here: www.promise54.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: Zero Stars (37%)**
Promise54 has received a very poor rating of 37% from Charity Navigator, which translates to a Zero-Star out of Four Star rating. This evaluation primarily stems from their Accountability & Finance score, indicating significant concerns over how they manage their financial resources. While some aspects of their governance, such as having an Audit and Oversight Committee, are in place, serious deficiencies in critical areas have been noted, significantly impacting their overall assessment.
The organization has been marked down for missing essential policies like a Whistleblower Policy and Document Retention practices, as well as poor financial ratios, such as a program expense ratio of only 48.53%. This raises questions about their funding allocation and whether the majority of revenues are being directed towards their programs effectively. Although there is an absence of data on their salaries and other financial health indicators, the considerable liabilities compared to assets and low fundraising efficiency are concerning.
User reviews from GreatNonprofits could not be fetched, leaving a gap in public sentiment regarding the organization's specific programs and operations. This highlights a need for improved transparency and accountability to foster donor confidence and demonstrate the organization's impact effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Promise54 legitimate?
Promise54 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promise54 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: $589,247
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,081,800
For more financial information, click here
Official website here: www.promise54.org
What is the mission statement of Promise54?
Promise54's mission is centered around assisting organizations in overcoming their toughest talent-related challenges. They believe that organizations can maximize their impact and truly thrive when their teams are diverse, their cultures are inclusive, and their practices reflect the equity they aim for in the world. To achieve this, Promise54 partners with organizations, providing guidance on vision-setting and planning for talent systems, talent recruitment, selection strategies, and individual and team coaching. Moreover, diversity, equity, and inclusion form the core of their approach, as they strive to support organizations in their quest for a more inclusive and equitable work environment.
Official website here: www.promise54.org
Who is the CEO of Promise54?
E Xiomara Padamsee is the President of Promise54. The CEO's salary of Promise54 is $306,451 and their total compensation is $331,651.
Official website here: www.promise54.org
What is the revenue of Promise54?
Promise54's revenue in 2022 was $9,021,754.
Official website here: www.promise54.org
Who are the executives of Promise54 and what are their salaries?
The average compensation at Promise54 during 2022 was $116,132. There are 23 employees and 4 volunteers at Promise54.
Here are 11 key members and their salaries (Promise54's CEO's salary is $306,451 and their total compensation is $331,651):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $306,451
- Related: $0
- Other: $25,200
- Compensation: $216,688
- Related: $0
- Other: $17,284
- Compensation: $182,330
- Related: $0
- Other: $18,386
- Compensation: $139,991
- Related: $0
- Other: $7,298
- Compensation: $173,237
- Related: $0
- Other: $8,826
- Compensation: $137,280
- Related: $0
- Other: $6,905
- Compensation: $145,116
- Related: $0
- Other: $7,298
Official website here: www.promise54.org
Where can I find the form 990 for Promise54?
Promise54's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.promise54.org
Learn more at the official website: www.promise54.org
Mission Statement of Promise54
Promise54, a nonprofit organization, is committed to fostering conditions that enable individuals and organizations to thrive and perform at their best. Their mission lies in partnering with people and organizations to overcome their most challenging talent-related issues. They believe that organizations can maximize their impact and truly flourish when their teams are diverse, their cultures are inclusive, and their practices embody the equality they aspire for in the world. Promise54 supports organizations by helping them set and implement strategies for talent systems, recruitment, selection, and individual and team coaching. Central to their approach is the promotion of diversity, equity, and inclusion.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Promise54 partners with organizations to create the conditions for people to thrive and do their best work. They provide tailored training, advising, coaching, and executive search support to help advance diversity, equity, and inclusion efforts. With over 80 organizations across several cohorts, Promise54 has been instrumental in implementing effective talent management practices and promoting inclusive workplaces. Their latest research report, Unrealized Impact 2.0, showcases their commitment to advancing organizational effectiveness. Based in Washington, DC, Promise54's impact extends beyond individual organizations to reshape the landscape of education and workplace environments.
This information is meant to be a general summary of Promise54. 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: $1,341
- Program Service Revenue: $3,574,914
- Gross Receipts: $9,021,754
Assets and Liabilities:
- Total Assets: $10,710,474
- Total Liabilities: $879,952
- Net Assets: $9,830,522
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$3,574,914
Organization Details
Founding Year
2017
Phone
(404) 895-3745Principal Officer
E Xiomara Padamsee
Main Address
1333 NEW HAMPSHIRE AVE NW, WASHINGTON, DC, 20036
Website
www.promise54.orgNTEE Category
Code: B02 - Education
If you are a representative of Promise54 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.