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Nonprofit · EIN 26-3077338

PALMETTO PROMISE INSTITUTE

Also known as WENDY DAMRON

Tax-exempt · COLUMBIA, SC 29211

Financials

$640K$530K2023$3.3M$1.7M2024$1.1M$1.7M2025
Revenue Expenses · by fiscal year end
Financials of PALMETTO PROMISE INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,105,360$1,744,501-$639,141$1,297,759$18,406$1,279,353
December 31, 2024990$3,296,721$1,708,169$1,588,552$1,947,175$28,681$1,918,494
December 31, 2023990$640,125$530,245$109,880$345,675$15,840$329,835
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,077,996
Program service revenue
$0
Investment income
$26,128
Other revenue
$1,236

Expenses

Grants and similar amounts paid
$973,042
Compensation of officers, directors and key employees
$276,651
Other salaries and wages
$216,197
Salaries, compensation and benefits (total)
$534,404
Professional fundraising fees
$0
Accounting fees
$18,036
Occupancy
$33,931
Travel
$24,812
Program services (functional)
$1,459,727
Management and general (functional)
$134,061
Fundraising (functional)
$150,713

Balance sheet and other

Total assets, start of year
$1,947,175
Total assets, end of year
$1,297,759
Total liabilities, end of year
$18,406
Net assets, end of year
$1,279,353
Gross receipts
$1,105,360
Employees
15

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
Oran SmithSenior Fellow
Trustee or director
40$138,846
Wendy DamronPresident
Trustee or director, Officer
40$130,000
Jeff YeltonSecretary
Trustee or director, Officer
1$0
Jim DeMintFounding Chair
Trustee or director, Officer
1$0
Dan AdamsImm Past Chair
Trustee or director, Officer
1$0
Louie L Cason JrDirector
Trustee or director
1$0
Stewart RodmanVice Chair
Trustee or director, Officer
1$0
Van HippDirector
Trustee or director
1$0
Rick TimmonsDirector
Trustee or director
1$0
Phil HughesChairman
Trustee or director, Officer
1$0
Richard Gilder IIIDirector
Trustee or director
1$0
Barry WynnDirector
Trustee or director
1$0
Luanne ZurloDirector
Trustee or director
1$0
990 for the year ended December 31, 2024: 11 people
NameTitleHours / weekCompensation
Wendy DamronPresident
Trustee or director, Officer
40$130,000
Oran SmithSenior Fellow
Trustee or director
40$128,338
Jeff YeltonDirector
Trustee or director
1$0
Jim DeMintFounding Chair
Trustee or director, Officer
1$0
Dan AdamsImm Past Chair
Trustee or director, Officer
1$0
Louie L Cason JrDirector
Trustee or director
1$0
Stewart RodmanVice Chair
Trustee or director, Officer
1$0
Van HippDirector
Trustee or director
1$0
Rick TimmonsDirector
Trustee or director
1$0
Phil HughesChairman
Trustee or director, Officer
1$0
Barry WynnDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
Oran SmithSenior Fellow
Trustee or director
40$123,734
Wendy DamronPresident
Trustee or director, Officer
40$120,000
Jeff YeltonDirector
Trustee or director
1$0
Jim DeMintFounding Chair
Trustee or director, Officer
1$0
Dan AdamsImm Past Chair
Trustee or director, Officer
1$0
Louie L Cason JrDirector
Trustee or director
1$0
Stewart RodmanVice Chair
Trustee or director, Officer
1$0
Van HippDirector
Trustee or director
1$0
Rick TimmonsDirector
Trustee or director
1$0
Phil HughesChairman
Trustee or director, Officer
1$0
Barry WynnDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 12676, COLUMBIA, SC 29211-2676
In care of
% ELLEN E WEAVER
Mailing address (990-N for 2023)
PO BOX 12676, COLUMBIA SC 292112676
Principal officer (990 for 2025)
Wendy Damron, PO Box 12676, Columbia, SC 29211
Principal officer (990-N for 2023)
Wendy Damron, 2419 Wagner Creek Ct, Mount Pleasant SC 29466
Signed the 990
Wendy Damron, President
Return prepared by
The Hobbs Group PA

Mission

The Palmetto Promise Institute is a non partisan nonprofit educational organization dedicated to educating the public and enhancing the public good. The organization provides research, analysis, and publications on issues that affect the common good

990 for the year ended December 31, 2025

Program accomplishments

  • The Palmetto Promise Institute is a non partisan nonprofit educational organization dedicated to educating the public and enhancing the public good. The organization provides research, analysis, and publications on issues that affect the common good
    Expenses $1,459,727

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
26-3077338
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2009
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E057)
Assets (IRS master file)
$1,297,759
Income (IRS master file)
$1,105,360

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,105,360$1,744,501$1,297,759XML
990December 2024$3,296,721$1,708,169$1,947,175IRS
990-N for 2023
Officer: Wendy Damron
December 31, 2023≤ $50,000 receipts––e-Postcard
990December 2023$640,125$530,245$345,675XML
990December 2022$597,131$669,588$230,611IRS
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 26-3077338).

Questions about PALMETTO PROMISE INSTITUTE

What is the EIN of PALMETTO PROMISE INSTITUTE?
The employer identification number (EIN) of PALMETTO PROMISE INSTITUTE is 26-3077338.
Is PALMETTO PROMISE INSTITUTE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to PALMETTO PROMISE INSTITUTE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PALMETTO PROMISE INSTITUTE 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 PALMETTO PROMISE INSTITUTE due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PALMETTO PROMISE INSTITUTE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of PALMETTO PROMISE INSTITUTE?
The 990 for the year ended December 31, 2025 names Wendy Damron.
Who are the officers and directors of PALMETTO PROMISE INSTITUTE?
The 990 for the year ended December 31, 2025 lists 13 people; 2 received compensation from the organization, the highest $138,846 (Oran Smith, Senior Fellow).
How much revenue does PALMETTO PROMISE INSTITUTE have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,105,360, expenses of $1,744,501 and total assets of $1,297,759 at year end.

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