Nonprofit · EIN 81-1267064
NEW HAVEN PROMISE INC
Tax-exempt · NEW HAVEN, CT 06510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,221,208 | $5,837,918 | $383,290 | $2,968,372 | $478,839 | $2,489,533 |
| June 30, 2024 | 990 (amended) | $5,281,484 | $5,206,260 | $75,224 | $2,236,518 | $130,275 | $2,106,243 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,066,081
- of which government grants
- $75,000
- Program service revenue
- $153,000
- Investment income
- $0
- Other revenue
- $2,127
Expenses
- Grants and similar amounts paid
- $4,791,192
- Compensation of officers, directors and key employees
- $212,899
- Other salaries and wages
- $434,614
- Salaries, compensation and benefits (total)
- $750,015
- Professional fundraising fees
- $0
- Legal fees
- $26,000
- Accounting fees
- $5,650
- Occupancy
- $39,263
- Travel
- $5,633
- Depreciation
- $1,357
- Program services (functional)
- $5,510,248
- Management and general (functional)
- $203,740
- Fundraising (functional)
- $123,930
Balance sheet and other
- Total assets, start of year
- $2,236,518
- Total assets, end of year
- $2,968,372
- Total liabilities, end of year
- $478,839
- Net assets, end of year
- $2,489,533
- Land, buildings and equipment
- $1,132
- Net assets without donor restrictions
- $1,259,027
- Net assets with donor restrictions
- $1,230,506
- Gross receipts
- $6,221,208
- Employees
- 9
- Volunteers
- 50
- Year formed
- 2015
- State of legal domicile
- CT
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 |
|---|---|---|---|---|
| Patricia Melton | President Officer | 40 | $225,411 | $17,719 |
| Brett Hoover | Director - Data and Digital Strategy Highest-paid employee | 40 | $102,451 | $15,375 |
| Maurie McInnis | Board Chair Trustee or director | 0.5 | $0 | $0 |
| Justin Elicker | Director Trustee or director | 0.5 | $0 | $0 |
| Karen DuBois-Walton | Director Trustee or director | 0.5 | $0 | $0 |
| Christopher O'Connor | Director Trustee or director | 0.5 | $0 | $0 |
| Nathan Fuerst | Director Trustee or director | 0.5 | $0 | $0 |
| July D Olian | Director Trustee or director | 0.5 | $0 | $0 |
| Tamar Gendler | Director Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Patricia Melton | President Officer | 40 | $163,001 | $15,388 |
| Peter Salovey | Board Chair Trustee or director | 0.5 | $0 | $0 |
| Justin Elicker | Director Trustee or director | 0.5 | $0 | $0 |
| William Ginsberg | Director Trustee or director | 0.5 | $0 | $0 |
| Christopher O'Connor | Director Trustee or director | 0.5 | $0 | $0 |
| William Terry Brown PhD | Director Trustee or director | 0.5 | $0 | $0 |
| Nathan Fuerst | Director Trustee or director | 0.5 | $0 | $0 |
| Dr Judy D Olian | Director Trustee or director | 0.5 | $0 | $0 |
| Tamar Gendler | Director Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 28 LINCOLN WAY, NEW HAVEN, CT 06510-1215
- Principal officer (990 for 2024)
- Patricia Melton, 28 Lincoln Way, New Haven, CT 06510
- Signed the 990
- Patricia Melton, President
- Phone
- (203) 776-6473
- Website
- www.newhavenpromise.org
Mission
New Haven Promise works to build a culture in the public schools in which students aspire to attend and graduate from college; to provide financial incentives and support for those students; and to facilitate their return to live, work and serve in the greater New Haven community.
Program accomplishments
- "TO" - College Access: New Haven Promise fosters a college-going culture among New Haven public school students and motivates students to gain admission to college; informed and educated K-12 students and parents to complete the pledge and senior application of Promise; recruited and served students for summer enrichment programs; connected students with New Haven nonprofit organizations to complete the required community service hours and managed the service tracking system - SERVO.CITY; managed the comprehensive financial literacy campaign through FAFSACT.ORG platform; recruited volunteers to help college-bound students understand college cost, aid packages and admission process etc.Expenses $293,865
- "THROUGH" - College Success: New Haven Promise motivates scholars to graduate from college within four years by providing renewable scholarships, promoting FAFSA completion, leveraging guaranteed institutional aid, recruiting peer leaders and mentors at campuses, and partnering with colleges to ensure full support of Promise scholars. Hosted internship and career fairs and placed scholars in paid internships in their fields of interest; hosted professional and leadership development workshop series; built and managed scholar resume bank.Expenses $4,864,386 · grants $4,619,152 · revenue $48,000
- "BACK NEW HAVEN" - Career and Civic Launch: meets the city and regional needs for a diverse homegrown talent pipeline that strengthens neighborhoods and creates career and leadership opportunities for more than a thousand returned Promise Alumni. New Haven Promise facilitates scholars' return to live, work and participate fully in the greater New Haven community. Hosted job fairs and brokered entry-level full-time job oppurtunities for Promise alumni; hosted professional and leadership development workshop series; tracked alumni to live and work in the greater New Haven region after graduation; hosted financial wealth education and homebuyer seminars to discuss wealth building in 20s; connected alumni with mortgage experts, realtors and their peer alumni who have already become homeowners; served Yale Teaching Fellowship, a program that aims to train high-quality teachers from a variety of backgrounds and experiences, cover teacher shortage areas, and promote long-term teacher retention in New Haven Public Schools.Expenses $351,997 · grants $172,040 · revenue $105,000
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
- 81-1267064
- 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
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $2,968,372
- Income (IRS master file)
- $6,221,208
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,221,208 | $5,837,918 | $2,968,372 | XML |
| 990 | June 2024 | $5,281,484 | $5,206,260 | $2,236,518 | IRS |
| 990 | June 2023 | $5,195,298 | $5,043,547 | $2,057,306 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 81-1267064).
Questions about NEW HAVEN PROMISE INC
- What is the EIN of NEW HAVEN PROMISE INC?
- The employer identification number (EIN) of NEW HAVEN PROMISE INC is 81-1267064.
- Is NEW HAVEN PROMISE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to NEW HAVEN PROMISE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW HAVEN PROMISE 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 NEW HAVEN PROMISE 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 NEW HAVEN PROMISE INC 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 NEW HAVEN PROMISE INC?
- The 990 for the year ended June 30, 2025 names Patricia Melton.
- Who are the officers and directors of NEW HAVEN PROMISE INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 2 received compensation from the organization, the highest $225,411 (Patricia Melton, President).
- How much revenue does NEW HAVEN PROMISE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,221,208, expenses of $5,837,918 and total assets of $2,968,372 at year end.
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