Nonprofit · EIN 47-1918920
PROVIDENCE PROMISE
Tax-exempt · PROVIDENCE, RI 02903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $783,915 | $855,447 | -$71,532 | $560,099 | $398,582 | $161,517 |
| June 30, 2024 | 990 | $811,416 | $982,916 | -$171,500 | $482,135 | $259,950 | $222,185 |
| June 30, 2023 | 990 | $819,387 | $812,162 | $7,225 | $688,834 | $296,334 | $392,500 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $753,932
- of which government grants
- $101,886
- Program service revenue
- $2,210
- Investment income
- $1,360
- Net rental income
- $10,759
- Other revenue
- $26,413
Expenses
- Grants and similar amounts paid
- $148,203
- Compensation of officers, directors and key employees
- $98,941
- Other salaries and wages
- $357,385
- Salaries, compensation and benefits (total)
- $549,841
- Professional fundraising fees
- $0
- Accounting fees
- $16,499
- Occupancy
- $52,483
- Depreciation
- $2,256
- Program services (functional)
- $536,446
- Management and general (functional)
- $165,820
- Fundraising (functional)
- $153,181
Balance sheet and other
- Total assets, start of year
- $482,135
- Total assets, end of year
- $560,099
- Total liabilities, end of year
- $398,582
- Net assets, end of year
- $161,517
- Land, buildings and equipment
- $2,149
- Net assets without donor restrictions
- $161,517
- Gross receipts
- $783,915
- Employees
- 9
- Volunteers
- 25
- Year formed
- 2014
- State of legal domicile
- RI
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 |
|---|---|---|---|---|
| MADALYN CIAMPI | EXECUTIVE DIRECTOR Officer | 40 | $97,699 | $8,646 |
| MICHAEL CATARINA | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTINE DIBIASE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN KASHMANIAN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MONICA HORAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD LAPPIN | FOUNDER Trustee or director | 5 | $0 | $0 |
| LAJUAN ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT BARGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL BAUDOUIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARINA BETANCUR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARLEN HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA LAPPIN LEVINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TORRELL MOLA | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| JAMES VINCENT | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| DR KENNETH WONG | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YOKO YAMAMOTO | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MADALYN CIAMPI | EXECUTIVE DIRECTOR Officer | 40 | $97,111 | $8,406 |
| JAMES VINCENT | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTINE DIBIASE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOHN KASHMANIAN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LAJUAN ALLEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL CATARINA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TORRELL MOLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD LAPPIN | FOUNDER Trustee or director | 6 | $0 | $0 |
| ROBERT BARGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL BAUDOUIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARINA BETANCUR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARLEN HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA HORAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA LEVINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR KENNETH WONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVE VELIZ-MORAN | DIRECTOR THROUGH 06/30/2024 Trustee or director | 1 | $0 | $0 |
| ANGY MOQUETTE | DIRECTOR THROUGH 06/30/2024 Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MADALYN CIAMPI | EXECUTIVE DIRECTOR Officer | 40 | $84,030 | $3,635 |
| DANIEL BAUDOUIN | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| RICHARD LAPPIN | FOUNDER Trustee or director | 10 | $0 | $0 |
| CHRISTINE DIBIASE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN KASHMANIAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| OLINDA MENDEZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT BARGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAJUAN ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TORRELL MOLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAYLA ROSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES VINCENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR KENNETH WONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARLEN HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVE VELIZ-MORAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HENRY REMOLINA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE CATARINA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA HORAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA LEVINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGY MOQUETTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 REGENCY PLZ STE 12, PROVIDENCE, RI 02903-3143
- In care of
- % RICHARD LAPPIN
- Principal officer (990 for 2024)
- JOHN KASHMANIAN, TWO REGENCY PLAZA 12, PROVIDENCE, RI 02903
- Signed the 990
- JOHN KASHMANIAN, TREASURER
- Phone
- (401) 383-3381
- Website
- WWW.PVDPROMISE.ORG
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
Mission
PROVIDENCE PROMISE PROMOTES HIGH EDUCATIONAL ASPIRATIONS AND MORE EQUITABLE OPPORTUNITIES FOR PROVIDENCE PUBLIC SCHOOL STUDENTS BY ADVOCATING FOR COLLEGE SAVINGS ACCOUNTS AND FAMILY ENGAGEMENT, INCREASING FINANCIAL LITERACY, AND REDUCING THE FINANCIAL BURDEN OF HIGHER EDUCATION.
Program accomplishments
- PROVIDENCE PROMISE'S UNIQUE, MULTI- PRONGED STRUCTURE IS DESIGNED TO HOLISTICALLY ADDRESS THE CHALLENGES FACED BY PROVIDENCE STUDENTS IN THEIR PURSUIT OF HIGHER EDUCATION.EARLY ENROLLMENT: PARENTS/GUARDIANS ENROLL THEIR CHILDREN BY THE TIME THEY ENTER THE PUBLIC SCHOOL SYSTEM, WHEN CHILDREN FROM BIRTH TO GRADE NINE ARE ELIGIBLE.COLLEGE SAVINGS: UPON ENROLLMENT, FAMILIES OPEN A 529 COLLEGE SAVINGS ACCOUNT FOR EACH CHILD AND CONTRIBUTE AN AVERAGE OF 1% OF THEIR GROSS ANNUAL HOUSEHOLD INCOME INTO EACH CHILD'S ACCOUNT FOR A PERIOD OF UP TO 15 YEARS. PROVIDENCE PROMISE PROVIDES AN INITIAL CONTRIBUTION OF $100 TO EACH CHILD'S ACCOUNT, AND ALSO PROVIDES OPPORTUNITIES FOR FAMILIES AND CHILDREN TO EARN ADDITIONAL INCENTIVES TO BUILD THEIR COLLEGE SAVINGS BY ACHIEVING CERTAIN GOALS.FAMILY ENGAGEMENT: PROVIDENCE PROMISE FACILITATES ONGOING FAMILY ENGAGEMENT AND FINANCIAL LITERACY THROUGH SCHOOL- BASED EVENTS, WORKSHOPS, COLLEGE VISITS, REFERRALS TO COLLEGE ACCESS PROGRAMS, AND MORE. THE FAMILY ENGAGEMENT PROGRAM ALSO INCLUDES A DEDICATED PARENT COUNCIL COMPRISED OF PARENT LEADERS WHO INFORM PROGRAM CHANGES AND FUTURE WORKSHOP TOPICS, AND HELP TO PLAN EVENTS.REDUCING THE FINANCIAL BURDEN: PROVIDENCE PROMISE WILL WORK WITH EACH STUDENT AND THEIR FAMILY TO IDENTIFY THE HIGHER EDUCATION CHOICES THAT BEST FIT THE NEEDS AND GOALS OF EACH CHILD AND TO ASSURE THAT ALL ACCESSIBLE FINANCIAL AID IS SECURED, INCLUDING FUNDS THAT MAY BE RAISEDBY PROVIDENCE PROMISE.Expenses $536,446 · grants $148,203 · revenue $2,210
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
- 47-1918920
- 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
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $560,099
- Income (IRS master file)
- $783,915
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $783,915 | $855,447 | $560,099 | XML |
| 990 | June 2024 | $811,416 | $982,916 | $482,135 | XML |
| 990 | June 2023 | $819,387 | $812,162 | $688,834 | XML |
| 990 | June 2022 | $631,702 | $485,912 | $403,115 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 47-1918920).
Questions about PROVIDENCE PROMISE
- What is the EIN of PROVIDENCE PROMISE?
- The employer identification number (EIN) of PROVIDENCE PROMISE is 47-1918920.
- Is PROVIDENCE PROMISE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to PROVIDENCE PROMISE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROVIDENCE PROMISE 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 PROVIDENCE PROMISE 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 PROVIDENCE PROMISE 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 PROVIDENCE PROMISE?
- The 990 for the year ended June 30, 2025 names JOHN KASHMANIAN.
- Who are the officers and directors of PROVIDENCE PROMISE?
- The 990 for the year ended June 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $97,699 (MADALYN CIAMPI, EXECUTIVE DIRECTOR).
- How much revenue does PROVIDENCE PROMISE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $783,915, expenses of $855,447 and total assets of $560,099 at year end.
Other nonprofits in PROVIDENCE
- PROVIDENCE COLLEGE EIN 05-0258932 · last filed 990 for 2025
- JOHNSON & WALES UNIVERSITY EIN 05-0306206 · last filed 990 for 2025
- RHODE ISLAND SCHOOL OF DESIGN EIN 05-0258956 · last filed 990 for 2025
- MARY C WHEELER SCHOOL INC EIN 05-0259101 · last filed 990 for 2025
- LIFESPAN SCHOOL SOLUTIONS INC EIN 46-4910847 · last filed 990 for 2025
- BROWN DERMATOLOGY INC EIN 81-2847155 · last filed 990 for 2025
- PAUL CUFFEE SCHOOL EIN 05-0518947 · last filed 990 for 2025
- THE HIGHLANDER CHARTER SCHOOL EIN 05-0517389 · last filed 990 for 2025