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Nonprofit · EIN 65-0956904

PRECIOUS PROMISE ACADEMY INC

Tax-exempt · FT LAUDERDALE, FL 33309

Financials

$3M$2.6M2023$3.2M$3.1M2024$3.1M$3M2025
Revenue Expenses · by fiscal year end
Financials of PRECIOUS PROMISE ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$3,129,424$2,999,800$129,624$2,780,298$113,580$2,666,718
December 31, 2024990$3,164,475$3,059,851$104,624$2,674,986$41,946$2,633,040
December 31, 2023990$3,038,993$2,586,610$452,383$2,623,117$57,229$2,565,888
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,026,757
Investment income
$102,667
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$44,720
Other salaries and wages
$1,662,771
Salaries, compensation and benefits (total)
$1,819,875
Professional fundraising fees
$0
Legal fees
$16,432
Accounting fees
$52,546
Occupancy
$557,758
Travel
$2,916
Depreciation
$9,709
Program services (functional)
$161,112
Management and general (functional)
$2,838,688

Balance sheet and other

Total assets, start of year
$2,674,984
Total assets, end of year
$2,780,298
Total liabilities, end of year
$113,580
Net assets, end of year
$2,666,718
Land, buildings and equipment
$79,294
Publicly traded securities
$771,425
Gross receipts
$3,129,424
Employees
117
Volunteers
0
Year formed
1988
State of legal domicile
FL

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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Mary HavenerDirector
Trustee or director
40$44,720
Thomas ManningPresident
Trustee or director
2$0
Daniel BonillaTreasurer
Trustee or director
2$0
Sherwin RileyCorporate Secetary
Trustee or director
2$0
Hugh NelsonMember
Officer
2$0
Candace ManningMember
Officer
2$0
Danielle ReyesMember
Officer
2$0
Elizabeth Badri-RampersadMember
Officer
2$0
Roland CooperMember
Officer
2$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
Desiree CouryDirector
Trustee or director
40$49,800
Thomas ManningPresident
Trustee or director
2$0
Anthony NewboldTreasurer
Trustee or director
2$0
Sherwin RileyCorporate Secretary
Trustee or director
2$0
Hugh NelsonMember
Officer
2$0
Candace ManningMember
Officer
2$0
Danielle ReyesMember
Officer
2$0
Elizabeth Badri-RampersadMember
Officer
2$0
Roland CooperMember
Officer
2$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
Desiree CouryDirector
Trustee or director
40$49,800
Thomas ManningPresident
Trustee or director
2$0
Anthony NewboldTreasurer
Trustee or director
2$0
Sedley LawrenceCorporate Secretary
Trustee or director
2$0
Hugh NelsonMember
Officer
2$0
Candace ManningMember
Officer
2$0
Danielle ReyesMember
Officer
2$0
Elizabeth Badri-RampersadMember
Officer
2$0

Address and contacts

Address (IRS master file)
2699 W COMMERCIAL BLVD, FT LAUDERDALE, FL 33309-2929
In care of
% MAX YEARY
Principal officer (990 for 2025)
Precious Promise Academy Inc, 2699 West Commercial Blvd, Fort Lauderdale, FL 33309
Signed the 990
Tammy Cartwright, Business Director
Phone
(954) 731-1616

Mission

Dedicated to the mental, physical and social development of children. Provide preschool programs that challenge and encourage children to achieve their fullest potential. (continued on schedule O, Statement 1)

990 for the year ended December 31, 2025

Program accomplishments

  • School Program as described in Part III #1. Curriculum/ Teaching Supplies/ School Supplies / Uniforms: $82,814 Travel: $2,916 Advertisement $8,716 Utilities: $32,815
    Expenses $127,261
  • Summer Program: We offer convenient for today's working parents while providing a Christ-centered environment. Each week during summer months is themed and we offer a plethora of indoor and outdoor activities like animal exhibits, planetarium, bounce houses and more. We also provide lunch to the students on Fridays. Our goal is to enrich the lives of our students and their families by offering a safe and fun environment throughout the summer months.
    Expenses $2,350
  • Special Events Program: We offer a convience for working parents to involve the students in aftercare and extra-curricular activities while remaining in a Christ-centered environment. Various activities such as soccer, karate, ballet and much more to offer. Our goal is to provide a safe environment for students to continue to grow after school.
    Expenses $31,501

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
65-0956904
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B21)
Assets (IRS master file)
$2,780,298
Income (IRS master file)
$3,129,424

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$3,129,424$2,999,800$2,780,298IRS
990December 2024$3,164,475$3,059,851$2,674,986IRS
990December 2023$3,038,993$2,586,610$2,623,117XML
990December 2022$2,396,901$2,112,611$2,274,837IRS
990December 2021$2,000,943$1,451,459$2,017,815IRS

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 65-0956904).

Questions about PRECIOUS PROMISE ACADEMY INC

What is the EIN of PRECIOUS PROMISE ACADEMY INC?
The employer identification number (EIN) of PRECIOUS PROMISE ACADEMY INC is 65-0956904.
Is PRECIOUS PROMISE ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to PRECIOUS PROMISE ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PRECIOUS PROMISE ACADEMY 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 PRECIOUS PROMISE ACADEMY 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 PRECIOUS PROMISE ACADEMY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of PRECIOUS PROMISE ACADEMY INC?
The 990 for the year ended December 31, 2025 names Precious Promise Academy Inc.
Who are the officers and directors of PRECIOUS PROMISE ACADEMY INC?
The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $44,720 (Mary Havener, Director).
How much revenue does PRECIOUS PROMISE ACADEMY INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $3,129,424, expenses of $2,999,800 and total assets of $2,780,298 at year end.

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