Overview
What is Promise Prep Inc?
Promise Prep Inc, based in Indianapolis, Indiana, is a nonprofit organization that opened its doors with a mission to provide a high-quality education to students, regardless of their family's income, race, or ZIP code. In its first year, it successfully enrolled 50 students from kindergarten to second grade and undertook community outreach activities. The organization's vision is to nurture critical thinkers, equip them with choices, help them capitalize on opportunities, and secure continuous economic advancement, all in an effort to positively impact their community. With a team of 8 dedicated individuals, Promise Prep Inc is committed to ensuring every child has access to an education that can shape their future and contribute positively to their community.
Official website here: www.promiseprepindy.org
Is Promise Prep Inc legitimate?
Promise Prep Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promise Prep 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: $124,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $331,604
For more financial information, click here
Official website here: www.promiseprepindy.org
What is the mission statement of Promise Prep Inc?
Promise Prep Inc's mission is centered around ensuring equitable education opportunities for all students, regardless of their family's income, race, or location. The organization strives to provide high-quality education that fosters critical thinking skills, broadens choices, and empowers students to make the most of available opportunities, ultimately leading to continued economic advancement. This mission aims to positively impact the students' communities. During its initial year, Promise Prep Inc conducted community outreach activities and enrolled 50 students from kindergarten to second grade.
Official website here: www.promiseprepindy.org
Who is the CEO of Promise Prep Inc?
Geoffrey Fenelus is the Board Chair of Promise Prep Inc.
Official website here: www.promiseprepindy.org
What is the revenue of Promise Prep Inc?
Promise Prep Inc's revenue in 2022 was $1,572,628.
Official website here: www.promiseprepindy.org
Who are the executives of Promise Prep Inc and what are their salaries?
The average compensation at Promise Prep Inc during 2022 was $56,950. There are 8 employees at Promise Prep Inc.
Here are 6 key members and their salaries:
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- Compensation: $120,000
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Official website here: www.promiseprepindy.org
Where can I find the form 990 for Promise Prep Inc?
Promise Prep Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.promiseprepindy.org
Learn more at the official website: www.promiseprepindy.org
Mission Statement of Promise Prep Inc
Promise Prep Inc, a nonprofit organization, is committed to ensuring that all students, regardless of their family's income, race, or zip code, have access to a high-quality education. This education is designed to foster critical thinking skills, provide opportunities for personal growth, and enable students to secure continuing economic advancement. By doing so, Promise Prep Inc aims to positively impact their community. In their mission, they strive to empower students to make informed choices and capitalize on opportunities, ultimately setting them up for success in the future. During their first year of operation, Promise Prep Inc performed community outreach activities and enrolled 50 students in kindergarten through second grade.
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Impact
October, 2024
Promise Prep Inc is dedicated to transforming educational access for children in Indianapolis. By focusing on inclusivity, it ensures that students from diverse backgrounds—regardless of income, race, or location—receive a high-quality education. This approach empowers students to develop critical thinking skills, enabling them to explore various opportunities and improve their economic prospects.
In its inaugural year, Promise Prep successfully enrolled 50 students in kindergarten through second grade through proactive community outreach initiatives. This early engagement is crucial in laying the foundation for academic success and fostering a sense of community responsibility among the students. By prioritizing access to education, Promise Prep is not only shaping individual futures but also positively influencing the broader community, driving progress and economic advancement for all.
This information is meant to be a general summary of Promise Prep 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: $174
- Gross Receipts: $1,572,628
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2019
Phone
(347) 752-0044Principal Officer
Geoffrey Fenelus
Main Address
4330 N POST RD, INDIANAPOLIS, IN, 46226
Website
www.promiseprepindy.orgNTEE Category
Code: B29 - Education
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