Nonprofit · EIN 27-2648129
PROMISE RESOURCE NETWORK INC
Tax-exempt (reinstated) · CHARLOTTE, NC 28205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,295,637 | $5,684,331 | $611,306 | $5,976,252 | $4,082,934 | $1,893,318 |
| June 30, 2024 | 990 | $4,986,439 | $4,529,684 | $456,755 | $5,659,704 | $4,377,692 | $1,282,012 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $104,123
- Program service revenue
- $6,171,239
- Investment income
- $20,275
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $200,000
- Other salaries and wages
- $3,035,368
- Salaries, compensation and benefits (total)
- $3,700,338
- Professional fundraising fees
- $0
- Accounting fees
- $84,067
- Occupancy
- $200,752
- Travel
- $129,843
- Depreciation
- $112,406
- Program services (functional)
- $5,054,068
- Management and general (functional)
- $630,263
Balance sheet and other
- Total assets, start of year
- $5,659,704
- Total assets, end of year
- $5,976,252
- Total liabilities, end of year
- $4,082,934
- Net assets, end of year
- $1,893,318
- Land, buildings and equipment
- $4,655,672
- Net assets without donor restrictions
- $1,893,318
- Gross receipts
- $6,295,637
- Employees
- 93
- Volunteers
- 6
- Year formed
- 2014
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Cherene Allen-Caraco | Executive Dir. Officer | 40 | $200,000 | $8,321 |
| Noah Swabe | COO | 40 | $148,000 | $9,119 |
| Kevin Garrison | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| John Giampaolo | Board Member Trustee or director | 1 | $0 | $0 |
| Deborah Hendren | Board Member Trustee or director | 1 | $0 | $0 |
| Robbie Taylor | Board Member Trustee or director | 1 | $0 | $0 |
| Jon Weddell | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cherene Allen-Caraco | Executive Dir. Officer | 40 | $148,654 |
| Noah Swabe | COO | 40 | $109,409 |
| Kevin Garrison | Chairman Trustee or director, Officer | 1 | $0 |
| John Giampaolo | Board Member Trustee or director | 1 | $0 |
| Deborah Hendren | Board Member Trustee or director | 1 | $0 |
| Robbie Taylor | Board Member Trustee or director | 1 | $0 |
| Jon Weddell | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2224 THE PLAZA, CHARLOTTE, NC 28205-3036
- In care of
- % KEVIN GARRISON
- Mailing address (990-N for 2012)
- 1041 Hawthorne Lane Suite A, Charlotte NC 28205
- Principal officer (990-N for 2012)
- Cherene Allen-Caraco, 8607 Londonshire Drive, Charlotte NC 28216
- Signed the 990
- Kevin Garrison, Chairman
- Phone
- (704) 390-7709
- Website
- www.meckpromise.com
- Return prepared by
- Foard and Company PA
Mission
Through the wisdom of lived recovery experience, we ignite social change, inspire hope and serve as a catalyst for personal greatness.
Program accomplishments
- Our programs employed people in recovery to partner with colleagues, families, peers, clinicians, organizations, governements, systems and communities to advance recovery from emotional distress, mental health and substance use challenges. We did this through a variety of initiatives that are aimed at creating opportunities for individual and familial recovery, developing a recovery-oriented behavioral health system in which recovery is valued, expected, supported and funded, and expanding the network of recovery champions through training, consultation and technical assistance for clinicians and organizations as they build their recovery knowledge, skills and tools.Expenses $5,054,068 · revenue $6,171,239
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-2648129
- 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
- 2018
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mental health and crisis intervention (F30)
- Assets (IRS master file)
- $5,976,252
- Income (IRS master file)
- $6,295,637
Revocation and reinstatement
- Exemption revoked
- November 15, 2017
- Posted by the IRS
- March 12, 2018
- Reinstated
- Effective November 15, 2017
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,295,637 | $5,684,331 | $5,976,252 | IRS |
| 990 | June 2024 | $4,986,439 | $4,529,684 | $5,659,704 | XML |
| 990 | June 2023 | $4,071,307 | $4,103,104 | $4,635,428 | IRS |
| 990 | June 2022 | $4,126,158 | $4,255,135 | $3,219,248 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: Cherene Allen-Caraco | June 30, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-2648129).
Questions about PROMISE RESOURCE NETWORK INC
- What is the EIN of PROMISE RESOURCE NETWORK INC?
- The employer identification number (EIN) of PROMISE RESOURCE NETWORK INC is 27-2648129.
- Is PROMISE RESOURCE NETWORK INC tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2017 and reinstated it effective November 15, 2017.
- Are donations to PROMISE RESOURCE NETWORK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROMISE RESOURCE NETWORK 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 RESOURCE NETWORK INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROMISE RESOURCE NETWORK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PROMISE RESOURCE NETWORK INC?
- The 990-N for 2012 names Cherene Allen-Caraco.
- Who are the officers and directors of PROMISE RESOURCE NETWORK INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 2 received compensation from the organization, the highest $200,000 (Cherene Allen-Caraco, Executive Dir.).
- How much revenue does PROMISE RESOURCE NETWORK INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,295,637, expenses of $5,684,331 and total assets of $5,976,252 at year end.
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