Overview
What is Promise Inc?
Promise Inc, based in West Melbourne, Florida, is a nonprofit organization dedicated to serving individuals with disabilities. Established with the mission to provide housing and other essential services, Promise Inc has developed a housing option that integrates vocational training, employment opportunities, health, wellness, fitness, and public-private partnerships. Their goal is to minimize the need for state funding. The organization successfully placed over 50 residents with various disabilities in work placements with 35 local businesses, with many collaborating with their employment specialists. Additionally, Promise Inc completed construction on its Promise Café & Bakery towards the end of 2019, which opened in February 2020, until it was forced to close due to the West Melbourne Community Park closure. In September 2020, Aves' Place Ice Cream opened its doors, offering another avenue for the organization's initiatives. With a total of 71 employees, Promise Inc continues to support individuals with special needs in their community.
Official website here: www.promiseinbrevard.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Promise Inc has earned a solid Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance, which is crucial for donor trust. The charity has demonstrated high standards with an overall accountability score of 88%, indicating responsible fiscal management and transparency. Key strengths include a fully independent board and effective audit oversight, which contribute to its positive financial health.
The organization showcases a commendable commitment to governance, with all board members being independent and proper documentation practices in place, such as board meeting minutes and financial statements. Additionally, the charity maintains a low liability-to-assets ratio of 3.88%, reinforcing its financial stability. The program expense ratio of 75.06% suggests that a significant portion of its funds is directed towards its mission-related programs.
However, there are some areas for improvement, notably the absence of a whistleblower policy and a document retention policy. Addressing these gaps would further enhance its accountability framework and improve its overall rating in the future. Nonetheless, Promise Inc remains a reputable choice for donors looking to support a financially responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Promise Inc?
100% of 77 reviewers on Facebook recommend Promise Inc. Here is a summary of their reviews: The organization clearly resonates with families of individuals with autism and Down syndrome, providing them with a sense of security and hope for the future. Reviewers express gratitude for the services offered, highlighting how Promise Inc. addresses their concerns about long-term care and support for their loved ones.
Many comments reflect a strong belief that such a nonprofit should be available nationwide, as it fulfills a critical need for guidance and community for families navigating these challenges. Contributors describe the organization as fostering a fulfilling life for their children, filled with purpose and love.
Overall, the sentiment surrounding Promise Inc. is overwhelmingly positive, with supporters praising its mission and impact on their lives. The nonprofit effectively delivers on its promise to ensure that families feel supported and reassured about their children's futures.
This AI summary has been generated from reviews found on Facebook.
Is Promise Inc legitimate?
Promise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promise 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $902,626
For more financial information, click here
Official website here: www.promiseinbrevard.com
What is the mission statement of Promise Inc?
Promise Inc was established with the mission to develop housing and other essential services for individuals with disabilities. Its primary goal is to provide a much-needed housing option for adults with special needs, offering vocational training, employment opportunities, health and wellness programs, and fitness activities. Furthermore, Promise Inc aims to establish public-private partnerships to minimize the need for state funding. The organization's efforts have resulted in over 50 residents with varying disabilities finding employment with 35 different businesses within the community, with the majority working with their employment specialists. Despite setbacks, such as the closure of a community park forcing the closure of their cafe and bakery, they successfully opened Aves' Place Ice Cream in September 2020.
Official website here: www.promiseinbrevard.com
Who is the CEO of Promise Inc?
Jeff Kiel is the Ceo of Promise Inc. The CEO's salary of Promise Inc is $150,000 and their total compensation is $182,500.
Official website here: www.promiseinbrevard.com
What is the revenue of Promise Inc?
Promise Inc's revenue in 2022 was $2,100,149.
Official website here: www.promiseinbrevard.com
Who are the executives of Promise Inc and what are their salaries?
The average compensation at Promise Inc during 2022 was $12,713. There are 71 employees and 75 volunteers at Promise Inc.
Here are 11 key members and their salaries (Promise Inc's CEO's salary is $150,000 and their total compensation is $182,500):
- Compensation: $150,000
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- Other: $32,500
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Official website here: www.promiseinbrevard.com
Where can I find the form 990 for Promise Inc?
Promise Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.promiseinbrevard.com
Learn more at the official website: www.promiseinbrevard.com
Mission Statement of Promise Inc
Promise Inc, an organization established with the intent to cater to individuals with disabilities, is committed to providing a much-needed housing option. This includes vocational training, employment opportunities, healthcare, wellness and fitness programs, and fostering public-private partnerships to minimize the need for state funding. By doing so, Promise Inc aims to empower adults with special needs, enabling them to lead independent and fulfilling lives.
At the heart of Promise Inc's mission lies the provision of a supportive living environment where residents, each with varying abilities, can thrive. The organization fosters a strong emphasis on employment, partnering with local businesses to offer work opportunities. Over 50 individuals with disabilities have successfully secured employment with approximately 35 different businesses within the community, with many of them working closely with Promise Inc's employment specialists.
Moreover, Promise Inc's mission extends beyond housing and employment. The organization is dedicated to promoting the overall well-being of its residents. This encompasses health and fitness programs that encourage physical activity and personal growth, as well as mental health support services. By offering a holistic approach to care, Promise Inc strives to empower its residents to lead fulfilling lives and achieve their personal goals.
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Impact
July, 2024
Promise Inc has had a significant impact on the community by providing housing and services for individuals with disabilities. They have helped over 50 residents with varying disabilities find work with 35 different businesses within the community. Additionally, Promise Inc has constructed the Promise Café & Bakery, providing vocational training and employment opportunities for individuals with special needs. Their mission to create housing options that include vocational training, employment, health, wellness, and fitness shows their commitment to supporting individuals with disabilities to lead fulfilling lives.
This information is meant to be a general summary of Promise 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: $306,245
- Program Service Revenue: $278,536
- Gross Receipts: $2,411,716
Assets and Liabilities:
- Total Assets: $5,412,626
- Total Liabilities: $210,479
- Net Assets: $5,202,147
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT COMMUNITY PROGRAM
Revenue
$278,536
Organization Details
Founding Year
2009
Phone
(321) 722-7400Principal Officer
Jeff Kiel
Main Address
4105 NORFOLK PARKWAY, WEST MELBOURNE, FL, 32904
Website
www.promiseinbrevard.comNTEE Category
Code: L22 - Housing
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