Nonprofit · EIN 88-3333754
PROMISEAFUTURE INC
Tax-exempt · GRAPEVINE, TX 76051
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-PF | $27,630 | $18,334 | $9,296 | $18,986 | $0 | $18,986 |
Financial details: 990-PF for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $27,559
- Interest
- $71
Expenses
- Grants and similar amounts paid
- $14,943
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Disbursements for charitable purposes
- $18,334
- Excise tax on investment income
- $1
Balance sheet and other
- Total assets, start of year
- $9,690
- Total assets, end of year
- $18,986
- Total liabilities, end of year
- $0
- Net assets, end of year
- $18,986
- Fair market value of assets
- $18,986
- Qualifying distributions
- $18,334
- Net investment income
- $71
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-PF for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gagan Acharya 4205 Fair Oaks Dr, Grapevine, TX 76051 | Secretary | 4 | $0 |
| Prasanta Behera 18366 CHELMSFORD DR, Cupertino, CA 95014 | President | 4 | $0 |
| Arundhati Dash 32579 Carmel Way, Union City, CA 94587 | Vice-President | 4 | $0 |
| Suvasini Sarangi 7968 pineville circle, castro valley, CA 94552 | Treasurer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 4205 FAIR OAKS DR, GRAPEVINE, TX 76051-6578
- In care of
- % GAGAN ACHARYA
- Signed the 990-PF
- Gagan Acharya, Secretary
- Website
- www.promiseafuture.org
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 88-3333754
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $18,986
- Income (IRS master file)
- $27,630
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2023 | $27,630 | $18,334 | $18,986 | XML |
| 990-PF | December 2022 | – | – | – | 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 88-3333754).
Questions about PROMISEAFUTURE INC
- What is the EIN of PROMISEAFUTURE INC?
- The employer identification number (EIN) of PROMISEAFUTURE INC is 88-3333754.
- Is PROMISEAFUTURE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PROMISEAFUTURE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PROMISEAFUTURE INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PROMISEAFUTURE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROMISEAFUTURE INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2023.
- Who are the officers and directors of PROMISEAFUTURE INC?
- The 990-PF for the year ended December 31, 2023 lists 4 people; 0 received compensation from the organization.
- How much revenue does PROMISEAFUTURE INC have?
- On its 990-PF for the year ended December 31, 2023 it reported revenue of $27,630, expenses of $18,334 and total assets of $18,986 at year end.
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