2026-02-05T12:02:45-06:00 2025-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2024-07-01 471918920 PROVIDENCE PROMISE PROV 4013833381 TWO REGENCY PLAZA 12 PROVIDENCE RI 02903 JOHN KASHMANIAN TREASURER 4013833381 2026-02-04 1 1 MONIKA YADAV P01473820 4014214800 2026-02-04 2024 2025-03-06 01:10:19Z JOHN KASHMANIAN TWO REGENCY PLAZA 12 PROVIDENCE RI 02903 783915 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. 15 15 9 25 0 0 784303 753932 0 2210 6734 1360 20379 26413 811416 783915 316598 148203 0 0 515718 549841 0 0 153181 150600 157403 982916 855447 -171500 -71532 482135 560099 259950 398582 222185 161517 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 536446 148203 2210 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. 536446 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 5 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X THE ORGANIZATION 4013833381 TWO REGENCY PLAZA SUITE NO 12 PROVIDENCE RI 02903 MICHAEL CATARINA BOARD CHAIR 1.00 X X 0 0 0 CHRISTINE DIBIASE VICE CHAIR 1.00 X X 0 0 0 JOHN KASHMANIAN TREASURER 2.00 X X 0 0 0 MONICA HORAN SECRETARY 1.00 X X 0 0 0 RICHARD LAPPIN FOUNDER 5.00 X 0 0 0 LAJUAN ALLEN DIRECTOR 1.00 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 LISA LAPPIN LEVINE DIRECTOR 1.00 X 0 0 0 TORRELL MOLA DIRECTOR 0.10 X 0 0 0 JAMES VINCENT DIRECTOR 0.10 X 0 0 0 DR KENNETH WONG DIRECTOR 0.10 X 0 0 0 YOKO YAMAMOTO DIRECTOR 1.00 X 0 0 0 MADALYN CIAMPI EXECUTIVE DIRECTOR 40.00 X 97699 0 8646 97699 0 8646 0 0 0 0 0 100000 101886 552046 753932 REIMBURSEMENT INCOME 900099 2210 2210 2210 1360 1360 10759 0 10759 10759 10759 15654 15654 15654 783915 2210 0 27773 148203 148203 98941 51739 23984 23218 357385 181890 89264 86231 9149 6099 1525 1525 36182 24122 6030 6030 48184 32122 8031 8031 16499 16499 1673 1115 279 279 4584 4070 514 47844 31481 7751 8612 5872 3864 951 1057 52483 34534 8502 9447 2256 2256 4620 3040 748 832 PROGRAM SUPPLIES 11867 11867 EVENT EXPENSES 7405 7405 BAD DEBTS 2300 2300 855447 536446 165820 153181 97937 144375 56109 22467 77710 51773 5276 5228 10912 8763 4185 2149 27435 186499 213483 147608 482135 560099 42880 47883 173633 0 10000 217070 167066 259950 398582 X 222185 161517 222185 161517 482135 560099 -71532 10864 0 X 0 1 X 1 0 X 452764 631092 814249 784303 753932 3436340 452764 631092 814249 784303 753932 3436340 782763 2653577 43 3277 21972 12119 37411 567 1861 5141 15654 23223 3496974 2210 0.75880 0.74280 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2021 AMOUNT: $ 567. 2022 AMOUNT: $ 1,861. 2023 AMOUNT: $ 5,141. 2024 AMOUNT: $ 15,654. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10912 8763 2149 2149 COLLEGEBOUND SAVER INVESTMENTS 186499 F 186499 OPERATING LEASE RIGHT-OF-USE ASSETS 147608 147608 OPERATING LEASE LIABILITIES 167066 167066 X 795079 10864 300 11164 783915 0 783915 855747 300 300 855447 0 855447 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. AS A NONPROFIT ENTITY, THE ORGANIZATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX, 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 IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. FASB ASC 740 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC 740 ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS. 1 SCHOLARSHIPS 564 148203 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 A, LINE 2 RICHARD LAPPIN, FOUNDER/DIRECTOR AND LISA LAPPIN, DIRECTOR HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED. A COMPLETE COPY OF THE 990 PROVIDED TO ALL THE BOARD MEMBERS PRIOR TO THE FILING 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 B, LINE 15A THE PROCESS FOR ESTABLISHING COMPENSATION IS THAT THE BOARD PROVIDES A REVIEW OF THE EXECUTIVE DIRECTOR TO DETERMINE ANNUAL SALARY INCREASES. DURING THIS YEAR, THE EXECUTIVE DIRECTOR'S SALARY INCREASE WAS THE SAME PERCENTAGE INCREASE AS THE STAFF AND THE BENEFIT PACKAGE IS THE SAME AS THE STAFF 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 1 0 0