Nonprofit · EIN 27-3166094
TEACHERS OF PROMISE FOUNDATION
Tax-exempt · ROANOKE, VA 24015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $190,205 | $133,065 | $57,140 | $164,083 | $0 | $164,083 |
| December 31, 2024 | 990-EZ | $157,801 | $103,603 | $54,198 | $106,943 | $0 | $106,943 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $189,860
- Program service revenue
- $345
Expenses
- Compensation of officers, directors and key employees
- $72,000
- Salaries, compensation and benefits (total)
- $72,000
- Professional fees and payments to contractors
- $2,500
- Printing, publications and postage
- $715
- Other expenses
- $57,850
Balance sheet and other
- Total assets, start of year
- $106,943
- Total assets, end of year
- $164,083
- Total liabilities, end of year
- $0
- Net assets, end of year
- $164,083
- Cash, savings and investments
- $164,083
- Gross receipts
- $190,205
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WADE WHITEHEAD | EXECUTIVE DIRECTOR & PRESI | 40 | $72,000 |
| DR ALEX CARTER | DIRECTOR | 1 | $0 |
| DR JANE FOLEY | DIRECTOR | 1 | $0 |
| KIM MCKNIGHT | DIRECTOR | 1 | $0 |
| KEVIN SPENCER | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WADE WHITEHEAD | EXECUTIVE DIRECTOR & PRESIDENT EX-O | 40 | $45,314 |
| DR JOSHUA COLE | TREASURER | 1 | $0 |
| DR ALEX CARTER | DIRECTOR | 1 | $0 |
| DR JANE FOLEY | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4391, ROANOKE, VA 24015-0391
- Mailing address (990-N for 2023)
- PO BOX 4391, ROANOKE VA 240150391
- Principal officer (990-N for 2023)
- Wade Whitehead, PO Box 4391, Roanoke VA 24015
- Signed the 990-EZ
- WADE WHITEHEAD, EXECUTIVE DIRECTOR
- Phone
- (540) 627-5455
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
THE TEACHERS OF PROMISE FOUNDATION IDENTIFIES, CELEBRATES, AND INSPIRES THE BEST FUTURE TEACHERS IN AMERICA.
Program accomplishments
- IDENTIFIED, HONORED, EQUIPPED, AND CONNECTED 265 TEACHERS OF PROMISE FROM MORE THAN 40 COLLEGES ACROSS SIX STATES. PROGRAMS INCLUDING TWO TEACHERS OF PROMISE INSTITUTES AND THE TEACHERS OF PROMISE SUMMIT LEVERAGED THE TALENTS AND EXPERIENCE OF MORE THAN 50 EXPERT EDUCATORS FROM ACROSS THE NATION.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 27-3166094
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B94)
- Assets (IRS master file)
- $164,083
- Income (IRS master file)
- $190,205
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $190,205 | $133,065 | $164,083 | XML |
| 990-EZ | December 2024 | $157,801 | $103,603 | $106,943 | XML |
| 990-N for 2023 Officer: Wade Whitehead | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Wade Whitehead | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Wade Whitehead | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Wade Whitehead | December 31, 2019 | ≤ $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 27-3166094).
Questions about TEACHERS OF PROMISE FOUNDATION
- What is the EIN of TEACHERS OF PROMISE FOUNDATION?
- The employer identification number (EIN) of TEACHERS OF PROMISE FOUNDATION is 27-3166094.
- Is TEACHERS OF PROMISE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to TEACHERS OF PROMISE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEACHERS OF PROMISE FOUNDATION 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 TEACHERS OF PROMISE FOUNDATION 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 TEACHERS OF PROMISE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of TEACHERS OF PROMISE FOUNDATION?
- The 990-N for 2023 names Wade Whitehead.
- Who are the officers and directors of TEACHERS OF PROMISE FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $72,000 (WADE WHITEHEAD, EXECUTIVE DIRECTOR & PRESI).
- How much revenue does TEACHERS OF PROMISE FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $190,205, expenses of $133,065 and total assets of $164,083 at year end.
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