2024-01-24T09:57:01-06:00 2023-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2022-07-01 471918920 PROVIDENCE PROMISE C/O DANIEL BAUDOUIN PROV 4013833381 TWO REGENCY PLAZA 4 PROVIDENCE RI 02903 DANIEL BAUDOUIN BOARD CHAIR 4013833381 2024-01-19 1 DANIEL BAUDOUIN 999009999 0 AMBER BICHUN P01718349 4014214800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DANIEL BAUDOUIN TWO REGENCY PLAZA 4 PROVIDENCE RI 02903 819387 0 X WWW.PVDPROMISE.ORG X 2014 RI PROVIDENCE PROMISE PROMOTES HIGH EDUCATIONAL ASPIRATIONS AND MORE EQUITABLE OPPORTUNITIES FOR PROVIDENCE PUBLIC SCHOOL STUDENTS BY ADVOCATING FOR COLLEGE SAVINGS ACCOUNTS AND FAMILY ENGAGEMENT, INCREASING FINANCIAL LITERACY, AND REDUCING THE FINANCIAL BURDEN OF HIGHER EDUCATION. 18 18 18 22 0 0 631092 814249 0 0 43 3277 567 1861 631702 819387 0 0 0 0 305593 422029 0 0 111902 180319 390133 485912 812162 145790 7225 403115 688834 17840 296334 385275 392500 X PROVIDENCE PROMISE PROMOTES HIGH EDUCATIONAL ASPIRATIONS AND MORE EQUITABLE OPPORTUNITIES FOR PROVIDENCE PUBLIC SCHOOL STUDENTS BY ADVOCATING FOR COLLEGE SAVINGS ACCOUNTS AND FAMILY ENGAGEMENT, INCREASING FINANCIAL LITERACY , AND REDUCING THE FINANCIAL BURDEN OF HIGHER EDUCATION. 0 0 556716 PROVIDENCE PROMISE'S UNIQUE , MULTI- PRONGED STRUCTURE IS DESIGNED TO HOLISTICALLY ADDRESS THE CHALLENGES FACED BY PROVIDENCE STUDENTS IN THEIR PURSUIT OF HIGHER EDUCATION.EARLY ENROLLMENT: PARENTS/GUARDIANS ENROLL THEIR CHILDREN BY THE TIME THEY ENTER THE PUBLIC SCHOOL SYSTEM, WHEN CHILDREN FROM BIRTH TO GRADE NINE ARE ELIGIBLE.COLLEGE SAVINGS: UPON ENROLLMENT, FAMILIES OPEN A 529 COLLEGE SAVINGS ACCOUNT FOR EACH CHILD AND CONTRIBUTE AN AVERAGE OF 1% OF THEIR GROSS ANNUAL HOUSEHOLD INCOME INTO EACH CHILD'S ACCOUNT FOR A PERIOD OF UP TO 15 YEARS. PROVIDENCE PROMISE PROVIDES AN INITIAL CONTRIBUTION OF $100 TO EACH CHILD'S ACCOUNT, AND ALSO PROVIDES OPPORTUNITIES FOR FAMILIES AND CHILDREN TO EARN ADDITIONAL INCENTIVES TO BUILD THEIR COLLEGE SAVINGS BY ACHIEVING CERTAIN GOALS.FAMILY ENGAGEMENT: PROVIDENCE PROMISE FACILITATES ONGOING FAMILY ENGAGEMENT AND FINANCIAL LITERACY THROUGH SCHOOL- BASED EVENTS, WORKSHOPS, COLLEGE VISITS, REFERRALS TO COLLEGE ACCESS PROGRAMS, AND MORE. THE FAMILY ENGAGEMENT PROGRAM ALSO INCLUDES A DEDICATED PARENT COUNCIL COMPRISED OF PARENT LEADERS WHO INFORM PROGRAM CHANGES AND FUTURE WORKSHOP TOPICS , AND HELP TO PLAN EVENTS.REDUCING THE FINANCIAL BURDEN: PROVIDENCE PROMISE WILL WORK WITH EACH STUDENT AND THEIR FAMILY TO IDENTIFY THE HIGHER EDUCATION CHOICES THAT BEST FIT THE NEEDS AND GOALS OF EACH CHILD AND TO ASSURE THAT ALL ACCESSIBLE FINANCIAL AID IS SECURED, INCLUDING FUNDS THAT MAY BE RAISEDBY PROVIDENCE PROMISE. 556716 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X THE ORGANIZATION 4013833381 TWO REGENCY PLAZA NO 4 PROVIDENCE RI 02903 DANIEL BAUDOUIN BOARD CHAIR 10.00 X X 0 0 0 RICHARD LAPPIN FOUNDER 10.00 X 0 0 0 CHRISTINE DIBIASE VICE CHAIR 1.00 X X 0 0 0 JOHN KASHMANIAN TREASURER 1.00 X X 0 0 0 OLINDA MENDEZ SECRETARY 1.00 X X 0 0 0 ROBERT BARGE DIRECTOR 1.00 X 0 0 0 LAJUAN ALLEN DIRECTOR 1.00 X 0 0 0 TORRELL MOLA DIRECTOR 1.00 X 0 0 0 KAYLA ROSEN DIRECTOR 1.00 X 0 0 0 JAMES VINCENT DIRECTOR 1.00 X 0 0 0 DR KENNETH WONG DIRECTOR 1.00 X 0 0 0 MARLEN HERNANDEZ DIRECTOR 1.00 X 0 0 0 EVE VELIZ-MORAN DIRECTOR 1.00 X 0 0 0 HENRY REMOLINA DIRECTOR 1.00 X 0 0 0 MIKE CATARINA DIRECTOR 1.00 X 0 0 0 MONICA HORAN DIRECTOR 1.00 X 0 0 0 LISA LEVINE DIRECTOR 1.00 X 0 0 0 ANGY MOQUETTE DIRECTOR 1.00 X 0 0 0 MADALYN CIAMPI EXECUTIVE DIRECTOR 40.00 X 84030 0 3635 84030 0 3635 0 0 0 0 0 814249 814249 3277 3277 MISCELLANEOUS REVENUE 900099 1861 1861 1861 819387 0 0 5138 87666 43834 21916 21916 289596 178430 36820 74346 15283 10795 2244 2244 29484 19656 4914 4914 15920 15920 11204 11204 38301 29999 8302 6508 6508 8137 8137 1790 1790 3912 3912 CONTRIBUTIONS TO FAMILY 287937 287937 FAMILY ENGAGEMENT 15347 15347 OTHER EXPENSES 1077 717 180 180 812162 556716 143544 111902 165032 94203 230013 321444 2000 0 3915 4604 9168 3907 2155 5261 0 263322 403115 688834 17840 32725 0 263609 17840 296334 X 385275 392500 385275 392500 403115 688834 7225 0 X X 0 1 X 1 0 X 200800 241447 424964 631092 814249 2312552 200800 241447 424964 631092 814249 2312552 603460 1709092 43 3277 3320 27800 567 1861 30228 2346100 0.72850 0.77970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9168 3907 5261 5261 RIGHT OF USE ASSETS 263322 263322 OPERATING LEASE LIABILITIES 263609 263609 X 844258 24871 24871 819387 0 819387 837033 24871 24871 812162 0 812162 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. AS A NONPROFIT ENTITY, THE ORGANIZATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, THE ORGANIZATION APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY ALL DIRECTORS AND EACH DIRECTOR SIGNS A CONFLICT DISCLOSURE CERTIFICATION ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S INFORMATION RETURNS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST MADE TO THE ORGANIZATIONS ADDRESS. FORM 990 PART XII LINE 2C : THE AUDIT PROCESS HAS NOT CHNAGED FROM PRIOR YEAR. LISCO DEVELOPMENT INC 2 REGENCY PLAZA STE 4 PROVIDENCE RI 02903 042806263 REAL ESTATE DEVELOPMENT RI N/A S 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LISCO DEVELOPMENT INC O 15871 FMV LISCO DEVELOPMENT INC N 9000 FMV