Nonprofits›Rockford Promise

Education

Rockford Promise

ROCKFORD, IL

Website

Total revenue

$4.6M

Total expenses

$1.6M

Net assets

$8.2M

Grants received

$1.7M

29 grants

EIN

260388141

Tax year

2024

Mission

Remove financial barriers by offering full-tuition scholarships and provide support to enhance student success to degree or program completion

Financials

FY 2024

Revenue

Contributions & grants$4.4M
Program service revenue—
Investment income$169K
Other revenue—
Total revenue$4.6M

Expenses

Grants paid$918K
Salaries & benefits$476K
Fundraising$50K
Other expenses$168K
Total expenses$1.6M
Total assets$8.2M
Net assets$8.2M

People

16 listed

NameRoleCompensation

KAYLENE GROH

EXECUTIVE DI

Board

$95K

40 hrs/wk

SUSAN COVINGTON-FUMO

VICE PRESIDE

Board

—

2 hrs/wk

JON PICK

TREASURER

Board

—

2 hrs/wk

EMILY HARTZOG

SECRETARY

Board

—

2 hrs/wk

EVAN BONNETT

BOD

Board

—

2 hrs/wk

SCOT DOBBS

BOD

Board

—

2 hrs/wk

KEITH KRUCHTEN

BOD

Board

—

2 hrs/wk

PATRICK PEYER

BOD

Board

—

2 hrs/wk

MAURICE REDD

PRESIDENT/IN

Board

—

4 hrs/wk

ROBERT YOUNG

BOD

Board

—

2 hrs/wk

JAKE TROTTER

BOD

Board

—

2 hrs/wk

KRISTINA REUBER

BOD

Board

—

2 hrs/wk

LISA JIMENEZ

BOD

Board

—

2 hrs/wk

ADAM ZAYED

BOD

Board

—

2 hrs/wk

MUSTAFA ABDALL

BOD

Board

—

2 hrs/wk

DIEGO VALDIVIA

BOD

Board

—

2 hrs/wk

Grants received

Showing 29 of 29

FromAmountPurposeYear
THE JOHN D BRUBAKER FAMILY FOUNDATION
$201K
GENERAL
2024
IKE NIZAM FOUNDATION INC
$11K
TO PROMOTE AND SUPPORT FUNCTION AS PUBLIC CHARITIES AND/OR EXEMPT OPERATING FOUNDATIONS
2024
DR CONNIE TUCKER SCHOLARSHIP FUND
$200K
EDUCATION
2023
AMENDED AND RESTATED
$200K
TO FUND SCHOLARSHIPS AND STUDENT MENTOR PROGRAMS
2023
STENSTROM FOUNDATION
$21K
CHARITABLE
2023
DONOR ADVISED CHARITABLE GIVING INC
$21K
EDUCATION
2023
DR CONNIE TUCKER SCHOLARSHIP FUND
$17K
EDUCATION
2023
Community Foundation of Northern IL
$11K
FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT
2023
AMENDED AND RESTATED
$200K
EDUCATION
2022
STENSTROM FOUNDATION
$24K
CHARITABLE
2022
DONOR ADVISED CHARITABLE GIVING INC
$11K
EDUCATION
2022
THE BLACKBAUD GIVING FUND
$10K
GENERAL SUPPORT
2022
RALPH J BAUDHUIN FOUNDATION
$1K
HUMANITARIAN
2022
AMENDED AND RESTATED
$200K
EDUCATION
2021
Community Foundation of Northern IL
$174K
FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT
2021
STENSTROM FOUNDATION
$50K
CHARITABLE
2021
DONOR ADVISED CHARITABLE GIVING INC
$42K
EDUCATION
2021
DR CONNIE TUCKER SCHOLARSHIP FUND
$10K
EDUCATION
2021
RALPH J BAUDHUIN FOUNDATION
$2K
HUMANITARIAN
2021
AMENDED AND RESTATED
$200K
EDUCATION
2020
DONOR ADVISED CHARITABLE GIVING INC
$30K
EDUCATION
2020
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$10K
For grant recipient's exempt purposes
2020
Community Foundation of Northern IL
$6K
FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT
2020
THE DAVID & COLLEEN ANDERSON
$500
EDUCATION
2020
DONOR ADVISED CHARITABLE GIVING INC
$13K
EDUCATION
2019
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$6K
For grant recipient's exempt purposes
2019
DONOR ADVISED CHARITABLE GIVING INC
$18K
EDUCATION
2018
THE MILL FOUNDATION
$3K
TO PROVIDE SCHOLARSHIPS FOR LOCAL COLLEGE BOUND STUDENTS
2018
DONOR ADVISED CHARITABLE GIVING INC
$31K
EDUCATION
2017

Funded by

$1.7M from 12 funders · 29 grants · 2017–2024

Amended And Restated

$800K · 4 grants · 2020–2023

Dr Connie Tucker Scholarship Fund

$227K · 3 grants · 2021–2023

Community Foundation of Northern IL

$191K · 3 grants · 2020–2023

Donor Advised Charitable Giving Inc

$166K · 7 grants · 2017–2023

Stenstrom Foundation

$95K · 3 grants · 2021–2023

Fidelity Investments Charitable Gift Fund

$15K · 2 grants · 2019–2020

Ike Nizam Foundation Inc

$11K · 1 grant · 2024

Details

EIN260388141
NTEE codeB82
Subsection03
Ruling date2008-02
Formed2007
Employees11
Volunteers50
ROCKFORD PROMISE — Mission, Financials & Grants Received | Grantivo