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Nonprofit · EIN 83-1439722

CITY OF PROMISE INC

Also known as CITY OF PROMISE

Tax-exempt · CHARLOTTESVLE, VA 22905

Financials

$797K$819K2022$1M$811K2023
Revenue Expenses · by fiscal year end
Financials of CITY OF PROMISE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$1,024,108$810,651$213,457$762,002$60,546$701,456
June 30, 2023990$797,188$819,410-$22,222$509,022$41,590$467,432
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$1,009,413
of which government grants
$69,000
Program service revenue
$0
Investment income
$14,246
Other revenue
$449

Expenses

Grants and similar amounts paid
$36,077
Other salaries and wages
$448,812
Salaries, compensation and benefits (total)
$533,328
Professional fundraising fees
$0
Accounting fees
$32,366
Occupancy
$42,021
Depreciation
$13,288
Program services (functional)
$604,345
Management and general (functional)
$139,283
Fundraising (functional)
$67,023

Balance sheet and other

Total assets, start of year
$509,022
Total assets, end of year
$762,002
Total liabilities, end of year
$60,546
Net assets, end of year
$701,456
Land, buildings and equipment
$8,968
Publicly traded securities
$417,709
Net assets without donor restrictions
$615,896
Net assets with donor restrictions
$85,560
Gross receipts
$1,024,108
Employees
10
Volunteers
50
Year formed
2018
State of legal domicile
VA

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
BILL SHENKIRCHAIR
Trustee or director, Officer
2$0
LEAH PURYEARVICE CHAIR
Trustee or director, Officer
2$0
MOLLY DUNNINGTONTREASURER
Trustee or director, Officer
2$0
JESSICA CARTERSECRETARY
Trustee or director, Officer
2$0
LANCE BLAKEYBOARD MEMBER
Trustee or director
1$0
ANDY BLOCKBOARD MEMBER
Trustee or director
1$0
SHAWN PENDLETONBOARD MEMBER
Trustee or director
1$0
BRIAN WILLIAMSBOARD MEMBER
Trustee or director
1$0
KATIE RYANBOARD MEMBER
Trustee or director
1$0
SHAMIA HOPKINSBOARD MEMBER
Trustee or director
1$0
TRACY DOWNSBOARD MEMBER
Trustee or director
1$0
BRENT PERCIVALBOARD MEMBER
Trustee or director
1$0
PHIL STINNIEBOARD MEMBER
Trustee or director
1$0
KAMELA YELDERBOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2023: 9 people
NameTitleHours / weekCompensation
Mary ColemanExecutive Director
Officer
40$84,750
William ShenkirPresident
Trustee or director
1.5$0
Leah PuryearVice President
Trustee or director
1.5$0
Molly DunningtonTreasurer
Trustee or director
1.5$0
Jessica CarterSecretary
Trustee or director
1$0
Andrew BlockBoard member
Trustee or director
0.5$0
Brian WilliamsBoard member
Trustee or director
0.5$0
Shawn PendletonBoard member
Trustee or director
0.5$0
Lance BlakeyBoard member
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
PO BOX 5628, CHARLOTTESVLE, VA 22905-5628
Mailing address (990-N for 2018)
PO Box 5628, Charlottesville VA 22905
Principal officer (990 for 2023)
PRICE THOMAS
Principal officer (990-N for 2018)
Mary Coleman, PO Box 5628, Charlottesville VA 22905
Signed the 990
MOLLY DUNNINGTON, TREASURER
Phone
(434) 295-9525
Return prepared by
ROBINSON FARMER COX ASSOCIATES

Mission

OUR MISSION IS TO END GENERATIONAL POVERTY, AND TO FOSTER A CULTURE OF ACHIEVEMENT IN WHICH ALL CHILDREN IN OUR COMMUNITY GRADUATE FROM HIGH SCHOOL, READY FOR COLLEGE OR CAREER.

990 for the year ended June 30, 2024

Program accomplishments

  • PATHWAY COACHING: STUDENTS IN GRADES 5-12 ARE ASSIGNED A COACH TO SUPPORT THEIR ACADEMIC SUCCESS. COACHES COLLABORATE WITH TEACHERS TO ADDRESS ACADEMIC AND BEHAVIORAL NEEDS. COACHES ENSURE THAT STUDENTS ARE CONNECTED TO AFTER-SCHOOL ACTIVITIES, SUMMER PROGRAMS, AND EMPLOYMENT OPPORTUNITIES. COACHES PLAN AND CHAPERONE FIELD TRIPS, GIVE KIDS A RIDE WHEN NEEDED, AND SUPPORT PARENTS IN NAVIGATING PAPERWORK AND SYSTEMS THAT WILL LIFT UP THE WHOLE FAMILY.
    Expenses $249,399 · grants $17,899
  • GENERAL PROGRAM: ACTIVITIES INCLUDED RESEARCH, DEVELOPMENT OF STANDARDS OF PERFORMANCE, AND THE DEVELOPMENT OF METRICS TO MEASURE THE SUCCESS OF OUTCOMES. FOOD AND TRANSPORTATION SERVICES WERE INCLUDED IN GENERAL PROGRAM ACTIVITY.
    Expenses $164,988 · grants $18,178
  • ADULT EMPOWERMENT: RESEARCH SHOWS THAT CHILDREN'S SUCCESS IN SCHOOL IS LINKED TO THEIR PARENTS' LEVEL OF EDUCATIONAL ATTAINMENT. OUR FAMILY EMPOWERMENT PROGRAMS OFFER A DUAL-GENERATION STRATEGY FOR ACADEMIC ACHIEVEMENT. ANCHORED IN FAMILY LITERACY, WORKSHOPS AND ACTIVITIES ENABLE PARENTS TO REACH IMPORTANT SELF-SUFFICIENCY GOALS AS THEY LEARN AND GROW TOGETHER WITH THEIR CHILDREN.
    Expenses $99,764
  • GATEWAY SERVICES, STORY BOOK PROJECT, AND OTHER.
    Expenses $90,194

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
83-1439722
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
2019
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$762,002
Income (IRS master file)
$1,024,108

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$1,024,108$810,651$762,002IRS
990June 2023$797,188$819,410$509,022XML
990June 2022$857,549$837,571$557,210IRS
990June 2021–––IRS
990-N for 2018
Officer: Mary Coleman
June 30, 2019≤ $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 83-1439722).

Questions about CITY OF PROMISE INC

What is the EIN of CITY OF PROMISE INC?
The employer identification number (EIN) of CITY OF PROMISE INC is 83-1439722.
Is CITY OF PROMISE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to CITY OF PROMISE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CITY OF 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 CITY OF 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 CITY OF PROMISE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of CITY OF PROMISE INC?
The 990 for the year ended June 30, 2024 names PRICE THOMAS.
Who are the officers and directors of CITY OF PROMISE INC?
The 990 for the year ended June 30, 2024 lists 14 people; 0 received compensation from the organization.
How much revenue does CITY OF PROMISE INC have?
On its 990 for the year ended June 30, 2024 it reported revenue of $1,024,108, expenses of $810,651 and total assets of $762,002 at year end.

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