NonprofitsPromise Academy

Education

Promise Academy

MEMPHIS, TN

Total revenue

$5.3M

Total expenses

$5.6M

Net assets

$3.1M

Grants received

$6.8M

45 grants

EIN

201608155

Tax year

2023

Mission

Our central and only work is to teach and inspire the mind, body and spirit of our children so that they can succeed in any academic or cultural setting. Promise academy is committed to preparing children to excel in the nation's most regorous schools.

Financials

FY 2023

Revenue

Contributions & grants$5.0M
Program service revenue$256K
Investment income$25K
Other revenue
Total revenue$5.3M

Expenses

Grants paid
Salaries & benefits$3.1M
Fundraising
Other expenses$2.5M
Total expenses$5.6M
Total assets$4.2M
Net assets$3.1M

People

14 listed

NameRoleCompensation

STEPHANIE CHITTOM

TREASURER

Board

1 hrs/wk

DIANA BURTON

BOARD MEMBER

Board

1 hrs/wk

JOHNNY MOORE

BOARD MEMBER

Board

1 hrs/wk

COLENZO HUBBARD

BOARD MEMBER

Board

1 hrs/wk

EMILY WOODSIDE

BOARD MEMBER

Board

1 hrs/wk

CHARLES GERBER

PRESIDENT & CHAIRMAN

Board

1 hrs/wk

PATRICIA EMORY-WALKER

BOARD MEMBER

Board

1 hrs/wk

TERESA HANDY

BOARD MEMBER

Board

1 hrs/wk

MARY CORNPROPST

BOARD MEMBER

Board

1 hrs/wk

PATRICK WASHINGTON

EXECUTIVE DIRECTOR

Board

40 hrs/wk

CAROL RUSSELL

BOARD MEMBER

Board

1 hrs/wk

GRADY GARRISON

SECRETARY

Board

1 hrs/wk

KIASI MALONE

CHIEF OF ACCOUNTABILITY

Staff

$152K

40 hrs/wk

WILLIE RICHARDSON

CHIEF OF TECHNOLOGY

Staff

$101K

40 hrs/wk

Independent contractors

LAVINIA GROUP LLC

PROFESSIONAL LEARNING

$221K

DWCH LLC

VARIOUS SERVICES

$125K

Grants received

Showing 45 of 45

FromAmountPurposeYear
$913K
GENERAL OPERATIONAL SUPPORT
2024
$352K
TO SUPPORT SUMMER BOOST
2024
$478K
GENERAL OPERATIONAL SUPPORT
2023
$407K
TO SUPPORT SUMMER BOOST
2023
$160K
Lavinia Consulting fund for Promise Academy Spring Hill
2023
$151K
Lavinia Consulting fund for Promise Academy Hollywood
2023
$48K
Promise Academy Spring Hill
2023
$43K
General fund for Promise Academy Hollywood
2023
$42K
General Purpose fund for Promise Academy Spring Hill
2023
$42K
Promise Academy Hollywood
2023
$10K
Lavinia travel expenses fund for PASH and PAHW
2023
$5K
General & Unrestricted
2023
$2K
Lavinia Group fund, Hollywood
2023
$639K
GENERAL OPERATIONAL SUPPORT
2022
$1.6M
GENERAL OPERATIONAL SUPPORT
2021
$7K
SUPPORT FOR TUTORING PROGRAMS
2021
$4K
GENERAL OPERATING SUPPORT
2021
$200
GENERAL OPERATING SUPPORT
2021
$67K
GENERAL OPERATIONAL SUPPORT
2020
$833K
GENERAL OPERATIONAL SUPPORT
2019
$125K
GENERAL OPERATIONAL SUPPORT
2018
$115K
GENERAL OPERATIONAL SUPPORT
2018
$63K
GENERAL OPERATIONAL SUPPORT
2018
$63K
GENERAL OPERATIONAL SUPPORT
2018
$60K
GENERAL OPERATIONAL SUPPORT
2018
$50K
GENERAL OPERATIONAL SUPPORT
2018
$50K
GENERAL OPERATIONAL SUPPORT
2018
$50K
GENERAL OPERATIONAL SUPPORT
2018
$50K
GENERAL OPERATIONAL SUPPORT
2018
$31K
GENERAL OPERATIONAL SUPPORT
2018
$31K
GENERAL OPERATIONAL SUPPORT
2018
$31K
GENERAL OPERATIONAL SUPPORT
2018
$31K
GENERAL OPERATIONAL SUPPORT
2018
$31K
GENERAL OPERATIONAL SUPPORT
2018
$31K
GENERAL OPERATIONAL SUPPORT
2018
$31K
GENERAL OPERATIONAL SUPPORT
2018
$31K
GENERAL OPERATIONAL SUPPORT
2018
$31K
GENERAL OPERATIONAL SUPPORT
2018
$29K
GENERAL OPERATIONAL SUPPORT
2018
$29K
GENERAL OPERATIONAL SUPPORT
2018
$3K
GENERAL OPERATIONAL SUPPORT
2018
$2K
GENERAL OPERATIONAL SUPPORT
2018
$500
GENERAL OPERATIONAL SUPPORT
2018
$400
GENERAL OPERATIONAL SUPPORT
2018

Funded by

$6.8M from 5 funders · 45 grants · 2018–2024

Community Foundation

$5.5M · 30 grants · 2018–2024

50Can Inc

$759K · 2 grants · 2023–2024

Fleetwood Foundation Inc

$504K · 9 grants · 2023

Bill And Crissy Haslam Foundation

$11K · 3 grants · 2021

Details

EIN201608155
NTEE codeB29
Subsection03
Ruling date2005-04
Formed2004
Employees66
Volunteers0
PROMISE ACADEMY — Mission, Financials & Grants Received | Grantivo