Nonprofit · EIN 84-3475243
DETROIT PROMISE ZONE
Tax-exempt (reinstated) · DETROIT, MI 48202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,553,790 | $1,834,445 | $3,719,345 | $5,404,060 | $0 | $5,404,060 |
| June 30, 2024 | 990 | $4,492,652 | $3,229,541 | $1,263,111 | $1,684,715 | $0 | $1,684,715 |
| June 30, 2023 | 990 | $2,451,802 | $4,705,056 | -$2,253,254 | $421,604 | $0 | $421,604 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,434,719
- of which government grants
- $5,434,719
- Program service revenue
- $0
- Investment income
- $119,071
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,755,247
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,415
- Program services (functional)
- $1,780,502
- Management and general (functional)
- $53,943
Balance sheet and other
- Total assets, start of year
- $1,684,715
- Total assets, end of year
- $5,404,060
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,404,060
- Net assets without donor restrictions
- $5,404,060
- Gross receipts
- $5,553,790
- Employees
- 0
- Year formed
- 2019
- State of legal domicile
- MI
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 |
|---|---|---|---|
| SHERISSE BUTLER | BOARD MEMBER Trustee or director | – | $0 |
| STACIE CLAYTON | BOARD MEMBER Trustee or director | – | $0 |
| LAWRENCE GARCIA | BOARD MEMBER Trustee or director | – | $0 |
| EVETTE GRIFFIE | BOARD MEMBER Trustee or director | – | $0 |
| ASHLEY JOHNSON-VARNER | BOARD MEMBER Trustee or director | – | $0 |
| PETER REMINGTON | BOARD MEMBER Trustee or director | – | $0 |
| KAYLA RONEY SMITH | BOARD MEMBER Trustee or director | – | $0 |
| IRIS TAYLOR | CHAIR Trustee or director, Officer | – | $0 |
| DESIRAE TOLBERT | TREASURER Trustee or director, Officer | – | $0 |
| PRESTON WELBORNE | SECRETARY Trustee or director, Officer | – | $0 |
| JOHN ZIRALDO | VICE CHAIR Trustee or director, Officer | – | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERISSE BUTLER | BOARD MEMBER Trustee or director | – | $0 |
| STACIE CLAYTON | BOARD MEMBER Trustee or director | – | $0 |
| LAWRENCE GARCIA | BOARD MEMBER Trustee or director | – | $0 |
| EVETTE GRIFFIE | BOARD MEMBER Trustee or director | – | $0 |
| ASHLEY JOHNSON-VARNER | BOARD MEMBER Trustee or director | – | $0 |
| PETER REMINGTON | BOARD MEMBER Trustee or director | – | $0 |
| KAYLE RONEY SMITH | BOARD MEMBER Trustee or director | – | $0 |
| IRIS TAYLOR | CHAIR Trustee or director, Officer | – | $0 |
| DESIRAE TOLBERT | TREASURER Trustee or director, Officer | – | $0 |
| PRESTON WELBORNE | SECRETARY Trustee or director, Officer | – | $0 |
| JOHN ZIRALDO | VICE CHAIR Trustee or director, Officer | – | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERISSE BUTLER | BOARD MEMBER Trustee or director | 5 | $0 |
| STACIE CLAYTON | BOARD MEMBER Trustee or director | 5 | $0 |
| LAWRENCE GARCIA | BOARD MEMBER Trustee or director | 5 | $0 |
| EVETTE GRIFFIE | BOARD MEMBER Trustee or director | 5 | $0 |
| ASHLEY JOHNSON-VARNER | BOARD MEMBER Trustee or director | 5 | $0 |
| PETER REMINGTON | BOARD MEMBER Trustee or director | 5 | $0 |
| KAYLE RONEY SMITH | BOARD MEMBER Trustee or director | 5 | $0 |
| IRIS TAYLOR | CHAIR Trustee or director, Officer | 5 | $0 |
| DESIRAE TOLBERT | TREASURER Trustee or director, Officer | 5 | $0 |
| PRESTON WELBORNE | SECRETARY Trustee or director, Officer | 5 | $0 |
| JOHN ZIRALDO | VICE CHAIR Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 3031 W GRAND BLVD STE 525, DETROIT, MI 48202-3318
- Principal officer (990 for 2024)
- PRESTON WELBORNE
- Signed the 990
- DESIRAE TOLBERT, TREASURER
- Phone
- (313) 871-5500
- Website
- DETROITPROMISE.COM
- Return prepared by
- RENAISSANCE FINANCIAL GROUP
Mission
PROVIDING DETROIT HIGH SCHOOL GRADUATES WITH A TUITION-ASSISTED PATH TO HIGHER EDUCATION.
Program accomplishments
- PROVIDING DETROIT HIGH SCHOOL GRADUATES A TUITION-ASSISTED PATH TO HIGHER EDUCATION.Expenses $1,780,502 · grants $1,755,247
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
- 84-3475243
- 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
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $5,404,060
- Income (IRS master file)
- $5,553,790
Revocation and reinstatement
- Exemption revoked
- November 15, 2022
- Posted by the IRS
- March 13, 2023
- Reinstated
- Effective November 15, 2022
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,553,790 | $1,834,445 | $5,404,060 | XML |
| 990 | June 2024 | $4,492,652 | $3,229,541 | $1,684,715 | XML |
| 990 | June 2023 | $2,451,802 | $4,705,056 | $421,604 | XML |
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 84-3475243).
Questions about DETROIT PROMISE ZONE
- What is the EIN of DETROIT PROMISE ZONE?
- The employer identification number (EIN) of DETROIT PROMISE ZONE is 84-3475243.
- Is DETROIT PROMISE ZONE tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2022 and reinstated it effective November 15, 2022.
- Are donations to DETROIT PROMISE ZONE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DETROIT PROMISE ZONE 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 DETROIT PROMISE ZONE 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 DETROIT PROMISE ZONE 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 DETROIT PROMISE ZONE?
- The 990 for the year ended June 30, 2025 names PRESTON WELBORNE.
- Who are the officers and directors of DETROIT PROMISE ZONE?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does DETROIT PROMISE ZONE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,553,790, expenses of $1,834,445 and total assets of $5,404,060 at year end.
Other nonprofits in DETROIT
- COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN EIN 38-2530980 · last filed 990 for 2024
- GILBERT FAM FOUNDATION EIN 35-7294609 · last filed 990-PF for 2024
- THE RALPH C WILSON JR FOUNDATION EIN 45-0921232 · last filed 990-PF for 2024
- DTE ENERGY FOUNDATION EIN 38-2708636 · last filed 990-PF for 2024
- HAROLD P BOVENKERK SCHOLARSHIP TR EIN 92-6083567 · last filed 990-PF for 2025
- ROBERT H TANNAHILL FOUNDATION EIN 38-6054453 · last filed 990 for 2024
- HENRY FORD HEALTH PROVIDENCE FOUNDATION EIN 38-3526629 · last filed 990 for 2025
- VERA AND JOSEPH DRESNER FOUNDATIONINC EIN 20-5838578 · last filed 990-PF for 2025
All nonprofits in DETROIT · Michigan · Philanthropy, voluntarism and grantmaking foundations