2025-04-21T11:40:39-05:00 2024-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2023-07-01 471918920 PROVIDENCE PROMISE C/O JAMES VINCENT PROV 4013833381 TWO REGENCY PLAZA 12 PROVIDENCE RI 02903 JAMES VINCENT BOARD CHAIR 4013833381 2025-01-24 1 1 AMBER BICHUN P01718349 4014214800 2025-01-24 2023 2025-03-06 01:10:19Z X JAMES VINCENT TWO REGENCY PLAZA 12 PROVIDENCE RI 02903 811416 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. 16 16 11 20 0 0 814249 784303 0 0 3277 6734 1861 20379 819387 811416 0 316598 0 0 422029 515718 0 0 145069 390133 150600 812162 982916 7225 -171500 688834 482135 296334 259950 392500 222185 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 684839 316598 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. 684839 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 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 SUITE NO 12 PROVIDENCE RI 02903 JAMES VINCENT BOARD CHAIR 1.00 X X 0 0 0 CHRISTINE DIBIASE VICE CHAIR 2.00 X X 0 0 0 JOHN KASHMANIAN TREASURER 2.00 X X 0 0 0 LAJUAN ALLEN SECRETARY 1.00 X X 0 0 0 MICHAEL CATARINA DIRECTOR 1.00 X 0 0 0 TORRELL MOLA DIRECTOR 1.00 X 0 0 0 RICHARD LAPPIN FOUNDER 6.00 X 0 0 0 ROBERT BARGE DIRECTOR 1.00 X 0 0 0 DANIEL BAUDOUIN DIRECTOR 2.00 X 0 0 0 MARINA BETANCUR DIRECTOR 1.00 X 0 0 0 MARLEN HERNANDEZ 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 DR KENNETH WONG DIRECTOR 1.00 X 0 0 0 EVE VELIZ-MORAN DIRECTOR THROUGH 06/30/2024 1.00 X 0 0 0 ANGY MOQUETTE DIRECTOR THROUGH 06/30/2024 1.00 X 0 0 0 MADALYN CIAMPI EXECUTIVE DIRECTOR 40.00 X 97111 0 8406 97111 0 8406 0 0 0 0 0 784303 784303 6734 6734 15238 0 15238 15238 15238 5141 5141 5141 811416 0 0 27113 316598 316598 91800 16982 32053 42765 349245 211207 71472 66566 10071 6713 1679 1679 16030 10686 2672 2672 48572 32382 8095 8095 16600 16600 1273 849 212 212 3223 2686 537 37386 22652 5577 9157 8689 5717 1408 1564 61058 40176 9892 10990 2600 2600 4620 3040 748 832 FAMILY ENGAGEMENT 15151 15151 982916 684839 153008 145069 94203 97937 321444 56109 77710 4604 5276 10692 6507 5261 4185 27435 263322 213483 688834 482135 32725 42880 263609 217070 296334 259950 X 392500 222185 392500 222185 688834 482135 -171500 1185 0 X 0 1 X 1 0 X 241447 452764 631092 814249 784303 2923855 241447 452764 631092 814249 784303 2923855 727532 2196323 43 3277 21972 25292 567 1861 5141 7569 2956716 0.74280 0.72850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10692 6507 4185 4185 COLLEGEBOUND SAVER INVESTMENTS 27435 F 27435 OPERATING LEASE RIGHT-OF-USE ASSETS 213483 213483 OPERATING LEASE LIABILITIES 217070 217070 X 822260 1185 9659 10844 811416 0 811416 992575 9659 9659 982916 0 982916 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. 1 SCHOLARSHIPS 335 316598 PART I, LINE 2: THE GRANTS (OR EARLY SCHOLARSHIPS) THE ORGANIZATION GIVES OUT ARE MONITORED BY THE BILINGUAL FAMILY AND COMMUNITY ENGAGEMENT COORDINATOR. PROVIDENCE PROMISE HAS A LIST OF OPPORTUNITIES SEPARATED BY AGE THAT STUDENTS AND PARENTS CAN COMPLETE FOR A SPECIFIED AMOUNT ADDED INTO THEIR 529 COLLEGE SAVINGS ACCOUNT. PARENTS OR STUDENTS WILL SUBMIT PICTURES OR OTHER FORMS OF EVIDENCE OF THE ACTIVITY BEING COMPLETED OR EVENT BEING ATTENDED FOR EACH EARLY SCHOLARSHIP OPPORTUNITY VIA TEXT OR EMAIL. THE BILINGUAL FAMILY AND COMMUNITY ENGAGEMENT COORDINATOR WILL THEN RECORD EACH GRANT IN A GOOGLE SHEETS DOCUMENT, INCLUDING THE CHILD'S NAME, ACCOUNT NUMBER, A DESCRIPTION OF THE ACTIVITY COMPLETED OR EVENT ATTENDED, AND THE AMOUNT OF MONEY THAT WILL BE DEPOSITED INTO THEIR ACCOUNT. THIS GOOGLE SHEETS DOCUMENT WILL THEN BE SUBMITTED MONTHLY BY THE FINANCE AND OPERATIONS COORDINATOR VIA OUTCOME TRACKER, THE DATABASE THE ORGANIZATION USES, AND EACH GRANT WILL BE DEPOSITED INTO EACH STUDENT'S 529 COLLEGE SAVINGS ACCOUNT. 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 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST MADE TO THE ORGANIZATIONS ADDRESS. 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 0 0 0 0 0 0