Nonprofit · EIN 82-0614057
SE RALEIGH PROMISE INC
Tax-exempt · RALEIGH, NC 27610
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,433,384 | $1,325,518 | $107,866 | $4,849,783 | $3,091,670 | $1,758,113 |
| December 31, 2024 | 990 | $1,479,848 | $1,104,317 | $375,531 | $2,869,142 | $1,066,400 | $1,802,742 |
| December 31, 2023 | 990 | $1,636,950 | $864,907 | $772,043 | $1,589,731 | $162,520 | $1,427,211 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,327,059
- of which government grants
- $65,171
- Program service revenue
- $85,651
- Investment income
- $20,674
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $192,578
- Other salaries and wages
- $580,682
- Salaries, compensation and benefits (total)
- $888,534
- Professional fundraising fees
- $0
- Accounting fees
- $21,870
- Occupancy
- $69,884
- Depreciation
- $60,176
- Program services (functional)
- $854,460
- Management and general (functional)
- $304,109
- Fundraising (functional)
- $166,949
Balance sheet and other
- Total assets, start of year
- $2,869,142
- Total assets, end of year
- $4,849,783
- Total liabilities, end of year
- $3,091,670
- Net assets, end of year
- $1,758,113
- Land, buildings and equipment
- $478,751
- Net assets without donor restrictions
- $1,452,366
- Net assets with donor restrictions
- $305,747
- Gross receipts
- $1,433,384
- Employees
- 20
- Volunteers
- 12
- Year formed
- 2016
- State of legal domicile
- NC
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YVETTE HOLMES | CEO Officer | 50 | $171,965 | $20,612 |
| BEN YOUNG | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ASA FLEMING | IMMEDIATE PA Trustee or director, Officer | 2 | $0 | $0 |
| SONDRA COLLINS | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BARRY MALONE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CRAWFORD CRENSHAW | VICE TREASUR Trustee or director, Officer | 2 | $0 | $0 |
| ASTRID TAYLOR | VICE TREASUR Trustee or director, Officer | 2 | $0 | $0 |
| DR ELENA ASHBURN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIA BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS BRADSHAW JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVAN COVINGTON CHAVEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAYLOR DEWBERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EBONY PITTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YVETTE HOLMES | CEO Officer | 50 | $165,137 | $13,720 |
| BEN YOUNG | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ASA FLEMING | IMMEDIATE PA Trustee or director, Officer | 2 | $0 | $0 |
| SONDRA COLLINS | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BARRY MALONE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CRAWFORD CRENSHAW | VICE TREASUR Trustee or director, Officer | 2 | $0 | $0 |
| ASTRID TAYLOR | VICE TREASUR Trustee or director, Officer | 2 | $0 | $0 |
| DR ELENA ASHBURN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIA BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS BRADSHAW JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVAN COVINGTON CHAVEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAYLOR DEWBERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EBONY PITTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YVETTE HOLMES | CEO Officer | 50 | $156,000 | $10,305 |
| ASA FLEMING | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BEN YOUNG | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JON MILLS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CRAWFORD CRENSHAW | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MIA BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS BRADSHAW JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVAN COVINGTON CHAVEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SONDRA COLLINS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| COURTNEY CROWDER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARRY MALONE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATTY MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA SPAULDING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ASTRID TAYLOR | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1425 PROMISE BEACON CIRCLE STE 214, RALEIGH, NC 27610-3955
- In care of
- % YVETTE HOLMES - CEO
- Principal officer (990 for 2025)
- YVETTE HOLMES, 1425 PROMISE BEACON CIRCLE STE 214, RALEIGH, NC 27610
- Signed the 990
- YVETTE HOLMES, CEO
- Phone
- (919) 746-0900
- Website
- WWW.SERPROMISE.ORG
- 990-N for 2017 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Kia Baker, 4710 Broad Falls Ln, Knightdale NC 27545. Mailing address: 900 S Wilmington St, Raleigh NC 27601. Website: serpromise.org
- Return prepared by
- MADDISON & CAISON LLP
Mission
SOUTHEAST RALEIGH PROMISE IS A LOCAL NONPROFIT WHOSE MISSION IS TO SERVE ALONGSIDE NEIGHBORS, STRATEGIC PARTNERS, AND FUNDERS TO ENSURE THAT SOUTHEAST RALEIGH RESIDENTS HAVE ACCESS TO EQUITABLE OPPORTUNITIES TO GROW, THRIVE, AND PROSPER. TO ADVANCE THIS MISSION, SOUTHEAST RALEIGH PROMISE SERVES AS A COMMUNITY QUARTERBACK LEADING RALEIGH/WAKE COUNTY'S FIRST PURPOSE BUILT COMMUNITIES MODEL, A NATIONAL PLACE-BASED INITIATIVE FOCUSED ON 4 KEY PILLARS: ECONOMIC VITALITY, MIXED-INCOME HOUSING, CRADLE TO CAREER EDUCATION, AND HEALTH AND COMMUNITY WELLNESS.
Program accomplishments
- IN 2025, SOUTHEAST RALEIGH PROMISE ACTIVITIES INCLUDED ADVANCING THE DEVELOPMENT OF 25 AFFORDABLE RENTAL UNITS ON 9 CITY-OWNED PARCELS LOCATED IN SOUTHEAST RALEIGH AND LEVERAGING RESOURCES AND PARTNERSHIPS TO PRESERVE WEALTH THROUGH HOMEOWNERSHIP OF LEGACY RESIDENTS WITHIN THE PROMISE ZONE. SE RALEIGH PROMISE ALSO PROVIDED ONGOING LEADERSHIP AND SUPPORT OF ITS FIRST PURPOSE BUILT COMMUNITIES COLLABORATION: THE BEACON SITE, IS A 32- ACRE CAMPUS HOME TO THE SER YMCA, SER ELEMENTARY SCHOOL, BEACON RIDGE APARTMENTS, AND BEACON POINT OFFICE BUILDING. ACTIVITIES INCLUDED PARTNERING TO SUPPORT CLUB ROAR AN AFTER-SCHOOL STEAM ENRICHMENT PROGRAM OFFERED TO 80+ SOUTHEAST RALEIGH ELEMENTARY STUDENTS; PROVIDED SERVICE COORDINATION TO CONNECT 120 BEACON RIDGE HOUSEHOLDS TO SERVICES, RESOURCES, PROGRAMS AND OPPORTUNITIES FOCUSED ON IMPROVING OUTCOMES ACROSS THE FOUR PILLARS; PARTNERED WITH THE SER YMCA TO SUPPORT AND PROMOTE COMMUNITY-WIDE HEALTH EVENTS, RACIAL AND CULTURAL AWARENESS, AND SOCIAL AND EMOTIONAL WELL-BEING AND LEARNING; SUPPORTING THE SUCCESSFUL LEASE-UP BEACON POINT. SE RALEIGH PROMISE ALSO CREATED EMPLOYMENT OPPORTUNITIES FOR HIGH SCHOOL AND COLLEGE STUDENTS; CREATED OPPORTUNITIES FOR HISTORICALLY UNDERUTILIZED BUSINESS, ENGAGED DEEPLY WITH THE COMMUNITY, LED CRITICAL CONVERSATIONS, AND LEVERAGED PARTNERSHIPS TO SPUR GREATER INVESTMENT IN SOUTHEAST RALEIGH.Expenses $854,460 · revenue $85,651
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-0614057
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $4,849,783
- Income (IRS master file)
- $1,433,384
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,433,384 | $1,325,518 | $4,849,783 | XML |
| 990 | December 2024 | $1,479,848 | $1,104,317 | $2,869,142 | IRS |
| 990 | December 2023 | $1,636,950 | $864,907 | $1,589,731 | XML |
| 990 | December 2022 | $897,754 | $828,654 | $778,091 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Kia Baker Filed under this EIN, most likely by a chapter or affiliate | December 31, 2017 | ≤ $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 82-0614057).
Questions about SE RALEIGH PROMISE INC
- What is the EIN of SE RALEIGH PROMISE INC?
- The employer identification number (EIN) of SE RALEIGH PROMISE INC is 82-0614057.
- Is SE RALEIGH PROMISE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to SE RALEIGH PROMISE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SE RALEIGH 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 SE RALEIGH PROMISE 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 SE RALEIGH PROMISE 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 SE RALEIGH PROMISE INC?
- The 990 for the year ended December 31, 2025 names YVETTE HOLMES.
- Who are the officers and directors of SE RALEIGH PROMISE INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $171,965 (YVETTE HOLMES, CEO).
- How much revenue does SE RALEIGH PROMISE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,433,384, expenses of $1,325,518 and total assets of $4,849,783 at year end.
Other nonprofits in RALEIGH
- THE YOUNG MENS CHRISTIAN ASSOCIATION OF THE TRIANGLE AREA I EIN 56-0591307 · last filed 990 for 2025
- TELAMON CORPORATION EIN 56-1022483 · last filed 990 for 2025
- SPRINGMOOR INC EIN 56-1368256 · last filed 990 for 2024
- INTER-FAITH FOOD SHUTTLE EIN 56-1753180 · last filed 990 for 2025
- THE ARC OF NORTH CAROLINA INC EIN 56-0753097 · last filed 990 for 2025
- METHODIST HOME FOR CHILDREN INC EIN 56-0547482 · last filed 990 for 2025
- RALEIGH RESCUE MISSION INCORPORATED EIN 56-6024168 · last filed 990 for 2025
- TLC OPERATIONS INC EIN 56-1949972 · last filed 990 for 2025