Nonprofit · EIN 63-0771801
PROMISE NETWORK INC
Tax-exempt · HOOVER, AL 35226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $73,969 | $171,915 | -$97,946 | $350,940 | $643 | $350,297 |
| December 31, 2024 | 990-PF | $91,279 | $183,509 | -$92,230 | $449,686 | $1,443 | $448,243 |
| December 31, 2023 | 990-PF | $44,523 | $211,646 | -$167,123 | $544,998 | $4,525 | $540,473 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $31,492
- Dividends
- $15,586
- Net gain from sales of assets
- $26,891
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $85,000
- Disbursements for charitable purposes
- $85,000
- Excise tax on investment income
- $590
Balance sheet and other
- Total assets, start of year
- $449,686
- Total assets, end of year
- $350,940
- Total liabilities, end of year
- $643
- Net assets, end of year
- $350,297
- Fair market value of assets
- $397,734
- Qualifying distributions
- $85,000
- Net investment income
- $42,477
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD W MITCHELL 1149 PUGHES CREEK WAY, LAWRENCEVILLE, GA 30045 | PRESIDENT | 10 | $0 |
| ELAINE MITCHELL 1149 PUGHES CREEK WAY, LAWRENCEVILLE, GA 30045 | DIRECTOR | 0 | $0 |
| KATHY STUTTS 6739 TERRENO DRIVE, RANCHO MURIETA, CA 95683 | DIRECTOR | 0 | $0 |
| JIM STUTTS 6739 TERRENO DRIVE, RANCHO MURIETA, CA 95683 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD W MITCHELL 1149 PUGHS CREEK WAY, LAWRENCEVILLE, GA 30045 | PRESIDENT | 10 | $85,000 |
| ELAINE MITCHELL 1149 PUGHS CREEK WAY, LAWRENCEVILLE, GA 30045 | DIRECTOR | 0 | $0 |
| KATHY STUTTS 6739 TERRENO DRIVE, RANCHO MURIETA, CA 95683 | DIRECTOR | 0 | $0 |
| JIM STUTTS 6739 TERRENO DRIVE, RANCHO MURIETA, CA 95683 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD W MITCHELL 1149 PUGHS CREEK WAY, LAWRENCEVILLE, GA 30045 | PRESIDENT | 10 | $77,136 |
| ELAINE MITCHELL 1149 PUGHS CREEK WAY, LAWRENCEVILLE, GA 30045 | DIRECTOR | 0 | $0 |
| KATHY STUTTS 6739 TERRENO DRIVE, RANCHO MURIETA, CA 95683 | DIRECTOR | 0 | $0 |
| JIM STUTTS 6739 TERRENO DRIVE, RANCHO MURIETA, CA 95683 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2208 SHERWOOD PL, HOOVER, AL 35226-3026
- Signed the 990-PF
- RONALD W MITCHELL, PRESIDENT
- Phone
- (205) 222-7733
- Website
- WWW.PROMISENETWORK.COM
- Return prepared by
- LAMAR & ASSOCIATES CPA'S
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 63-0771801
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1981
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A33Z)
- Assets (IRS master file)
- $350,940
- Income (IRS master file)
- $254,712
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $73,969 | $171,915 | $350,940 | XML |
| 990-PF | December 2024 | $91,279 | $183,509 | $449,686 | XML |
| 990-PF | December 2023 | $44,523 | $211,646 | $544,998 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | IRS |
| 990-PF | December 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 63-0771801).
Questions about PROMISE NETWORK INC
- What is the EIN of PROMISE NETWORK INC?
- The employer identification number (EIN) of PROMISE NETWORK INC is 63-0771801.
- Is PROMISE NETWORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to PROMISE NETWORK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PROMISE NETWORK INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PROMISE NETWORK INC 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 PROMISE NETWORK INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of PROMISE NETWORK INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does PROMISE NETWORK INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $73,969, expenses of $171,915 and total assets of $350,940 at year end.
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