Nonprofit · EIN 87-4763561
WATERBURY PROMISE INC
Tax-exempt · WATERBURY, CT 06702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,350,758 | $1,247,624 | $1,103,134 | $7,185,761 | $35,423 | $7,150,338 |
| June 30, 2024 | 990 | $2,674,017 | $793,439 | $1,880,578 | $6,084,894 | $38,124 | $6,046,770 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,040,192
- of which government grants
- $1,475,000
- Program service revenue
- $0
- Investment income
- $307,166
- Net income from fundraising events
- $3,400
- Other revenue
- $3,400
Expenses
- Grants and similar amounts paid
- $717,898
- Compensation of officers, directors and key employees
- $146,744
- Other salaries and wages
- $150,152
- Salaries, compensation and benefits (total)
- $345,239
- Professional fundraising fees
- $12,690
- Legal fees
- $2,700
- Accounting fees
- $13,230
- Program services (functional)
- $892,377
- Management and general (functional)
- $162,345
- Fundraising (functional)
- $192,902
Balance sheet and other
- Total assets, start of year
- $6,084,894
- Total assets, end of year
- $7,185,761
- Total liabilities, end of year
- $35,423
- Net assets, end of year
- $7,150,338
- Net assets without donor restrictions
- $6,974,093
- Net assets with donor restrictions
- $176,245
- Gross receipts
- $2,350,758
- Employees
- 0
- Volunteers
- 14
- Year formed
- 2021
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KELONDA MAULL | EXECUTIVE DIRECTOR Trustee or director | 40 | $0 | $145,305 | $17,980 |
| HEDY AYERS | DIRECTOR OF DEVELOPMENT & Highest-paid employee | 40 | $0 | $124,148 | $6,808 |
| PAUL K PERNEREWSKI JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DARREN SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ADRIENNE PARKMOND | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| KAREN HARVEY | BOARD VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| STEVEN E SCHNEIDER | BOARD VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SEAN MOSLEY | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LEEANN NEAL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MAURICE B MOSLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NEIL M O'LEARY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARCIA TEJEDA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOSH CAREY | ADVISORY, NON-VOTING MEMBE Trustee or director | 1 | $0 | $0 | $0 |
| SANDRA D WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KELONDA MAULL | EXECUTIVE DIRECTOR Trustee or director | 40 | $0 | $135,212 | $23,881 |
| HEDY AYERS | DIRECTOR OF DEVELOPMENT & COMMUNITY ENGAGEMENT Highest-paid employee | 40 | $0 | $110,927 | $6,513 |
| PAUL K PERNEREWSKI JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DARREN SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ADRIENNE PARKMOND | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| KAREN HARVEY | BOARD VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| STEVEN E SCHNEIDER | BOARD VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SEAN MOSLEY | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LEEANN NEAL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BELINDA ARCE-LOPEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MAURICE B MOSLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NEIL M O'LEARY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARCIA TEJEDA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOSH CAREY | ADVISORY, NON-VOTING MEMBE Trustee or director | 1 | $0 | $0 | $0 |
| SANDRA D WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 236 GRAND STREET 120, WATERBURY, CT 06702-1933
- In care of
- % ADRIENNE PARKMOND
- Principal officer (990 for 2024)
- KELONDA MAULL, 236 GRAND STREET 120, WATERBURY, CT 06702
- Signed the 990
- KELONDA MAULL, EXECUTIVE DIRECTOR
- Phone
- (203) 574-6601
- Website
- WATERBURYPROMISE.ORG
- Return prepared by
- FIORITA KORNHAAS & COMPANY PC
Mission
WATERBURY PROMISE, INC. IS A CONNECTICUT CHARITABLE ORGANIZATION DEDICATED TO INCREASING COLLEGE ASPIRATIONS, REDUCING FINANCIAL BARRIERS AND INSPIRING EVERY WATERBURY STUDENT TOWARD POST-SECONDARY EDUCATION AND COMPLETION. THE PROGRAM'S COMPREHENSIVE COLLEGE ACCESS, SUCCESS AND CAREER READINESS MODEL IS CENTERED ON A GENEROUS LAST-DOLLAR SCHOLARSHIP DESIGNED TO BRIDGE THE FINANCIAL GAP AFTER ALL INDIVIDUAL GRANTS, FINANCIAL AID, AND OTHER SCHOLARSHIPS HAVE BEEN APPLIED. EQUALLY IMPORTANT, ARE THE WRAP-AROUND SUPPORT SERVICES AND RESOURCES PROVIDED TO ENSURE STUDENTS PERSIST TO GRADUATION, ARE CAREER READY, AND EARN A LIFE-CHANGING DEGREE. THIS HOLISTIC MODEL FOCUSES ON BREAKING DOWN ALL BARRIERS (FINANCIAL, ACADEMIC, SOCIAL-EMOTIONAL, ETC.) TO POST-SECONDARY EDUCATION AND COMPLETION.
Program accomplishments
- WATERBURY PROMISE, INC. IS A CONNECTICUT CHARITABLE ORGANIZATION DEDICATED TO INCREASING COLLEGE ASPIRATIONS, REDUCING FINANCIAL BARRIERS AND INSPIRING EVERY WATERBURY STUDENT TOWARD POST-SECONDARY EDUCATION AND COMPLETION. THE PROGRAM'S COMPREHENSIVE COLLEGE ACCESS, SUCCESS AND CAREER READINESS MODEL IS CENTERED ON A GENEROUS LAST-DOLLAR SCHOLARSHIP DESIGNED TO BRIDGE THE FINANCIAL GAP AFTER ALL INDIVIDUAL GRANTS, FINANCIAL AID, AND OTHER SCHOLARSHIPS HAVE BEEN APPLIED. EQUALLY IMPORTANT, ARE THE WRAP-AROUND SUPPORT SERVICES AND RESOURCES PROVIDED TO ENSURE STUDENTS PERSIST TO GRADUATION, ARE CAREER READY, AND EARN A LIFE-CHANGING DEGREE. THIS HOLISTIC MODEL FOCUSES ON BREAKING DOWN ALL BARRIERS (FINANCIAL, ACADEMIC, SOCIAL-EMOTIONAL, ETC.) TO POST-SECONDARY EDUCATION AND COMPLETION.Expenses $892,377 · grants $717,898
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
- 87-4763561
- 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
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,185,761
- Income (IRS master file)
- $2,350,758
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,350,758 | $1,247,624 | $7,185,761 | XML |
| 990 | June 2024 | $2,674,017 | $793,439 | $6,084,894 | XML |
| 990 | June 2022 | $0 | $0 | $0 | 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 87-4763561).
Questions about WATERBURY PROMISE INC
- What is the EIN of WATERBURY PROMISE INC?
- The employer identification number (EIN) of WATERBURY PROMISE INC is 87-4763561.
- Is WATERBURY PROMISE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to WATERBURY PROMISE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATERBURY 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 WATERBURY 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 WATERBURY 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 WATERBURY PROMISE INC?
- The 990 for the year ended June 30, 2025 names KELONDA MAULL.
- Who are the officers and directors of WATERBURY PROMISE INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does WATERBURY PROMISE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,350,758, expenses of $1,247,624 and total assets of $7,185,761 at year end.
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