Nonprofit · EIN 45-3557966
PROMISE PARTNERS INC
Also known as PROMISE PARTNERS
Tax-exempt · WESTLAKE, OH 44145
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $114,033 | $93,640 | $20,393 | $93,393 | $0 | $93,393 |
| June 30, 2024 | 990-EZ (amended) | $70,404 | $80,135 | -$9,731 | $73,000 | $0 | $73,000 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Membership dues
- $94,500
- Program service revenue
- $17,646
- Investment income
- $1,887
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $31,803
- Other expenses
- $61,837
- Program services (functional)
- $93,640
Balance sheet and other
- Total assets, start of year
- $73,000
- Total assets, end of year
- $93,393
- Total liabilities, end of year
- $0
- Net assets, end of year
- $93,393
- Cash, savings and investments
- $93,393
- Gross receipts
- $114,033
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Aaron Caplan | Managing Partner | 2 | $0 |
| Patrick Russo | Treasurer | 2 | $0 |
| Dale Mesnick | Secretary | 2 | $0 |
| Sean Wenger | Past Managing Partner | 1 | $0 |
| Gerard Daher | Committee Chair | 1 | $0 |
| Hilary Lyon | Committee Chair | 1 | $0 |
| Denise Shade | Committe Chair | 1 | $0 |
| Brian Lombardi | Committee Chair | 1 | $0 |
| Paul Libassi | Committee Chair | 1 | $0 |
| Kadecia Ber | Committee Chair | 1 | $0 |
| Phoebe Lee | Committee Chair | 1 | $0 |
| Scott Lowry | Advisor | 1 | $0 |
| Kevin Shaw | Advisor | 1 | $0 |
| Pat Morris | Advisor | 1 | $0 |
| Simon Peck | Advisor | 1 | $0 |
990-EZ for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Aaron Caplan | Managing Partner | 2 | $0 |
| Patrick Russo | Treasurer | 2 | $0 |
| Dale Mesnick | Secretary | 2 | $0 |
| Sean Wenger | Past Managing Partner | 1 | $0 |
| Gerard Daher | Committee Chair | 1 | $0 |
| Hilary Lyon | Committee Chair | 1 | $0 |
| Denise Shade | Committe Chair | 1 | $0 |
| Brian Lombardi | Committee Chair | 1 | $0 |
| Paul Libassi | Committee Chair | 1 | $0 |
| Kadecia Ber | Committee Chair | 1 | $0 |
| Phoebe Lee | Committee Chair | 1 | $0 |
| Scott Lowry | Advisor | 1 | $0 |
| Kevin Shaw | Advisor | 1 | $0 |
| Pat Morris | Advisor | 1 | $0 |
| Simon Peck | Advisor | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2001 CROCKER RD STE 510, WESTLAKE, OH 44145-6967
- In care of
- % AARON CAPLAN
- Mailing address (990-N for 2022)
- 2001 Crocker Road Suite 510, Westlake OH 44145
- Principal officer (990-N for 2022)
- Patrick Russo, 192 Meadowood Lane, Moreland Hills OH 44022
- Signed the 990-EZ
- Dale Mesnick, Treasurer
- Phone
- (216) 566-8884
- Website
- promise-partners.org
Mission
1. Stimulate development and free interchange of information among members of the Corporation who share a common objective of improving business conditions for emerging and experienced entrepreneurs seeking to achieve or sustain business ownership; 2. Illuminate the path to business ownership by arranging meetings, tours and events at which a member of the Corporation or a guest who owns a business explains how he or she started or acquired and operates the business to provide members of the Corporation with learning experiences from business owners; 3. Remove obstacles to business ownership by organizing small groups of members of the Corporation that meet frequently to foster accountability towards execution of each member's plan to achieve or sustain business ownership and by identifying opportunities for a member who owns a business to serve as a mentor to another member who is seeking to achieve business ownership; 4. Encourage each member to achieve business ownership
Program accomplishments
- Quarterly Meetings and Flights & Admin to inspire business ownership and keep everyone engagedExpenses $84,072
- ETA Symposium - Entrepreneurship Through AcquisitionExpenses $9,568
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-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 45-3557966
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $93,393
- Income (IRS master file)
- $114,033
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $114,033 | $93,640 | $93,393 | XML |
| 990-EZ | June 2024 | $70,404 | $80,135 | $73,000 | XML |
| 990-N for 2022 Officer: Patrick Russo | June 30, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Dale Mesnick | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Dale Mesnick Treasurer | June 30, 2020 | ≤ $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 45-3557966).
Questions about PROMISE PARTNERS INC
- What is the EIN of PROMISE PARTNERS INC?
- The employer identification number (EIN) of PROMISE PARTNERS INC is 45-3557966.
- Is PROMISE PARTNERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2012.
- Are donations to PROMISE PARTNERS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PROMISE PARTNERS 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 PARTNERS 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 PARTNERS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who is the principal officer of PROMISE PARTNERS INC?
- The 990-N for 2022 names Patrick Russo.
- Who are the officers and directors of PROMISE PARTNERS INC?
- The 990-EZ for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does PROMISE PARTNERS INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $114,033, expenses of $93,640 and total assets of $93,393 at year end.
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