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Nonprofit · EIN 01-0692980

PROMISE MINISTRIES INC

Tax-exempt · WAXAHACHIE, TX 75168

Financials

$786K$762K2023$564K$736K2024
Revenue Expenses · by fiscal year end
Financials of PROMISE MINISTRIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$564,281$735,652-$171,371$761,463$397,761$363,702
December 31, 2023990$786,430$761,893$24,537$961,880$426,837$535,043
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$564,281
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$82,808
Other salaries and wages
$403,721
Salaries, compensation and benefits (total)
$524,340
Professional fundraising fees
$0
Accounting fees
$8,437
Occupancy
$34,685
Depreciation
$18,659
Program services (functional)
$587,550
Management and general (functional)
$148,102

Balance sheet and other

Total assets, start of year
$963,790
Total assets, end of year
$761,463
Total liabilities, end of year
$397,761
Net assets, end of year
$363,702
Land, buildings and equipment
$604,348
Gross receipts
$564,281
Employees
36
Year formed
1998
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LEISHA C ORMANDIRECTOR40$45,815
JODI L JONES–40$36,994
KARISSA LAQUAYVice President
Officer
1$0
JEREMY NORMANTreasurer
Officer
1$0
LINDSEY CREAMERPresident
Officer
1$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
LEISHA C ORMANDIRECTOR40$45,850
HEATHER LODEZADMIN40$38,772
GIOVANNA M CHAVEZASST DRECTOR40$34,337
KARISSA LAQUAYVice President
Officer
1$0
JEREMY NORMANTreasurer
Officer
1$0
LINDSEY CREAMERPresident
Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 801, WAXAHACHIE, TX 75168-0801
In care of
% PROMISE CHILD DEVELOPMENT CENTER
Principal officer (990 for 2024)
LINDSEY CREAMER, PO BOX 801, WAXAHACHIE, TX 75168
Signed the 990
LINDSEY CREAMER, President
Phone
(972) 937-0488
Return prepared by
TONJA BARNEBEE CPA PC

Mission

To provide quality childcare for children ages four months to nine years and for special needs children.

990 for the year ended December 31, 2024

Program accomplishments

  • To provide quality childcare for children ages four weeks through nine years old. Our room numbers and total enrollment are kept low, in order to provide a safe environment and individual attention to each child. We also provide services to families with children who have special needs.
    Expenses $587,550 · revenue $564,281

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
01-0692980
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P33)
Assets (IRS master file)
$761,463
Income (IRS master file)
$564,281

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$564,281$735,652$761,463XML
990December 2023$786,430$761,893$961,880XML
990December 2022$959,459$760,258$974,412IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0692980).

Questions about PROMISE MINISTRIES INC

What is the EIN of PROMISE MINISTRIES INC?
The employer identification number (EIN) of PROMISE MINISTRIES INC is 01-0692980.
Is PROMISE MINISTRIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to PROMISE MINISTRIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PROMISE MINISTRIES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PROMISE MINISTRIES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PROMISE MINISTRIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PROMISE MINISTRIES INC?
The 990 for the year ended December 31, 2024 names LINDSEY CREAMER.
Who are the officers and directors of PROMISE MINISTRIES INC?
The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $45,815 (LEISHA C ORMAN, DIRECTOR).
How much revenue does PROMISE MINISTRIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $564,281, expenses of $735,652 and total assets of $761,463 at year end.

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