Civic Intelligence

The Promise Foundation

990 • Fiscal year 2021 • EIN 20-1618720

Feb 01, 2020 to Jan 31, 2021 • Filed on Dec 14, 2021

Organization ProfileWWW.MATTSPROMISE.ORG
Polsinelli 600 3rd Ave No 42flNew York, NY 10016

(212) 684-0199

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

100.05x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • NTEE T21 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

6.26x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • NTEE T21 • <$500k nonprofits • Source year 2021

Net Margin

42nd percentile

-2.4%

Higher net margin than 42% of similar nonprofits.

2021 filings • NTEE T21 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE T21 • <$500k nonprofits • Source year 2021

Asset Growth

81st percentile

38%

Faster asset growth than 81% of similar nonprofits.

2021 filings • NTEE T21 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

25th percentile

-47%

Faster revenue growth than 25% of similar nonprofits.

2021 filings • NTEE T21 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$8,414

Up $2,318 (+38%) from 2020

Net Assets

Down

-$833,403

Down $3,195 (-0.4%) from 2020

Liabilities

Up

$841,817

Up $5,513 (+0.7%) from 2020

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin42nd percentile

Revenue

Down

$134,508

Down $118,460 (-47%) from 2020

Expenses

Down

$137,703

Down $100,443 (-42%) from 2020

Net Income

Down

-$3,195

Down $18,017 (-122%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500K-$1.0MAssets 2013: $113,212Liabilities 2013: $355,449Net Assets 2013: -$242,2372013Assets 2014: $40,313Liabilities 2014: $352,996Net Assets 2014: -$312,6832014Assets 2015: $1,547Liabilities 2015: $325,613Net Assets 2015: -$324,0662015Assets 2016: $37,555Liabilities 2016: $392,978Net Assets 2016: -$355,4232016Assets 2017: $44,132Liabilities 2017: $407,848Net Assets 2017: -$363,7162017Assets 2018: $65,839Liabilities 2018: $616,467Net Assets 2018: -$550,6282018Assets 2019: $37,528Liabilities 2019: $882,558Net Assets 2019: -$845,0302019Assets 2020: $6,096Liabilities 2020: $836,304Net Assets 2020: -$830,2082020Assets 2021: $8,414Liabilities 2021: $841,817Net Assets 2021: -$833,4032021Assets 2022: $6,383Liabilities 2022: $258,677Net Assets 2022: -$252,2942022Assets 2023: $3,367Liabilities 2023: $179,203Net Assets 2023: -$175,8362023Assets 2024: $4,819Liabilities 2024: $191,105Net Assets 2024: -$186,2862024Assets 2025: $5,829Liabilities 2025: $61,405Net Assets 2025: -$55,5762025

Highlighted filing

2021

Assets$8,414
Liabilities$841,817
Net Assets-$833,403
Open 2021 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2013: $1,063,8842013Revenue 2014: $733,772Expenses 2014: $804,218Net Income 2014: -$70,4462014Revenue 2015: $693,208Expenses 2015: $704,591Net Income 2015: -$11,3832015Revenue 2016: $844,930Expenses 2016: $876,287Net Income 2016: -$31,3572016Revenue 2017: $647,132Expenses 2017: $655,425Net Income 2017: -$8,2932017Revenue 2018: $417,154Expenses 2018: $604,066Net Income 2018: -$186,9122018Revenue 2019: $125,107Expenses 2019: $419,509Net Income 2019: -$294,4022019Revenue 2020: $252,968Expenses 2020: $238,146Net Income 2020: $14,8222020Revenue 2021: $134,508Expenses 2021: $137,703Net Income 2021: -$3,1952021Revenue 2022: $644,594Expenses 2022: $63,485Net Income 2022: $581,1092022Revenue 2023: $110,652Expenses 2023: $34,194Net Income 2023: $76,4582023Revenue 2024: $171Expenses 2024: $10,621Net Income 2024: -$10,4502024Revenue 2025: $165,000Expenses 2025: $34,290Net Income 2025: $130,7102025

Highlighted filing

2021

Revenue$134,508
Expenses$137,703
Net Income-$3,195
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2020 to Jan 31, 2021
Signed
Dec 14, 2021
Return Version
2020v4.1
Gross Receipts
$266,628
Mission and Program Overview

Mission

To make a difference in the lives of young people affected by cancer and other terminal illnesses, through select funding of treatment, research and support programs to advance the fight against these diseases.

Help young people affected terminal illnesses, funding treatment, research & support programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$744,411$780,414▲ $36,003
Cash and Non-Interest-Bearing Accounts$6,096$8,414▲ $2,318
Total Assets$6,096$8,414▲ $2,318
Liabilities
Accounts Payable and Accrued Expenses$91,893$61,403▼ $30,490
Total Liabilities$836,304$841,817▲ $5,513
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-830,208$-833,403▼ $3,195
Total Net Assets Fund Balance$-830,208$-833,403▼ $3,195
Total Liabilities and Net Assets / Fund Balance$6,096$8,414▲ $2,318
Compensation and Service Providers
Top Officer Pay95th percentile

Board Members and Trustees

NameTitle
Randy ReiffPresident & Treasurer
Jennifer Wiederkehr RothbergVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$135,086
Program Service Revenue
$0
Investment Income
$6
Other Revenue
$-584
All Other Contributions
$1,417
Change in Net Assets
$-3,195
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Total Fundraising Expense$112,074
Professional Fundraising Fees$87,857
Other Expenses$49,846
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Professional Fundraising--$87,857$87,857
Fees for Services Accounting-$15,200-$15,200
Information Technology-$4,284-$4,284
Fees for Services Other--$4,232$4,232
Insurance-$3,025-$3,025
Office Expenses-$1,959-$1,959
Other Expenses-$1,161$2,585$1,161
Total Functional Expenses$0$25,629$112,074$137,703
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$132,120
Fundraising Gross Income$131,536
Professional Fundraising Fees$87,857

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit$265,205$131,536-$131,536
Total Events$265,205$131,536$132,120$-584
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$744,411$780,414▲ $36,003
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization did not have any separate committee meetings.”

Form 990, Part VI, Section B, Line 11B

“The 990 was provided to the board member for review before it was filed.”

Form 990, Part VI, Section B, Line 12C

“Organization requires the board member to complete an annual questionnaire and requested to disclose any conflict of interest or related party transactions or activity.”

Form 990, Part VI, Section C, Line 19

“These documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Promise Foundation
EIN
20-1618720
Phone
2126840199
Address
POLSINELLI 600 3RD AVE NO 42FL, NEW YORK, NY 10016

Signing Officer

Name
Randy Reiff
Title
President & Treasurer.
Phone
2126840199
Signed
2021-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Reiff
Formed
2004
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Raw XML Appendix361 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DID NOT HAVE ANY SEPARATE COMMITTEE MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WAS PROVIDED TO THE BOARD MEMBER FOR REVIEW BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION REQUIRES THE BOARD MEMBER TO COMPLETE AN ANNUAL QUESTIONNAIRE AND REQUESTED TO DISCLOSE ANY CONFLICT OF INTEREST OR RELATED PARTY TRANSACTIONS OR ACTIVITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/StatesWhereCopyOfReturnIsFldCd1NJ
IRS990/StatesWhereCopyOfReturnIsFldCd2CT
IRS990/StatesWhereCopyOfReturnIsFldCd3CA
IRS990/StatesWhereCopyOfReturnIsFldCd4MA
IRS990/StatesWhereCopyOfReturnIsFldCd5GA
IRS990/StatesWhereCopyOfReturnIsFldCd6IL
IRS990/StatesWhereCopyOfReturnIsFldCd7MD
IRS990/StatesWhereCopyOfReturnIsFldCd8VA
IRS990/StatesWhereCopyOfReturnIsFldCd9WA
IRS990/StatesWhereCopyOfReturnIsFldCd10PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06096
IRS990/TotalAssetsEOYAmt08414
IRS990/TotalAssetsGrp/BOYAmt06096
IRS990/TotalAssetsGrp/EOYAmt08414
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0135086
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0112074
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025629
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0137703
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0836304
IRS990/TotalLiabilitiesEOYAmt0841817
IRS990/TotalLiabilitiesGrp/BOYAmt0836304
IRS990/TotalLiabilitiesGrp/EOYAmt0841817
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-830208
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-833403
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-578
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0134508
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06096
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08414
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0POLSINELLI 600 3RD AVE NO 42FL
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010016
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.MATTSPROMISE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RANDY REIFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & TREASURER.
ReturnHeader/BusinessOfficerGrp/PhoneNum02126840199
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PROMISE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PROM
ReturnHeader/Filer/EIN0201618720
ReturnHeader/Filer/PhoneNum02126840199
ReturnHeader/Filer/USAddress/AddressLine1Txt0POLSINELLI 600 3RD AVE NO 42FL
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010016
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133597814
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKODY SCOT & CO CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0520 EIGHTH AVE SUITE 2200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02129671100
ReturnHeader/PreparerPersonGrp/PreparationDt02021-12-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SKODY
ReturnHeader/ReturnTs02021-12-14T18:57:25-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RANDY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0REIFF
ReturnHeader/TaxPeriodBeginDt02020-02-01
ReturnHeader/TaxPeriodEndDt02021-01-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,414
Liabilities
$841,817
Net assets
-$833,403
Revenue
$134,508
Expenses
$137,703
Net income
-$3,195
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.01$0.06$0.06$0.17$0.03$0.13
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.19$0.19$0.00$0.01$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.18$0.18$0.11$0.03$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.26$0.25$0.64$0.06$0.58
2021Detailed filing. Detailed filing data is available for this year.$0.01$0.84$0.83$0.13$0.14$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.01$0.84$0.83$0.25$0.24$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.88$0.85$0.13$0.42$0.29
2018Detailed filing. Detailed filing data is available for this year.$0.07$0.62$0.55$0.42$0.60$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.04$0.41$0.36$0.65$0.66$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.39$0.36$0.84$0.88$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.33$0.32$0.69$0.70$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.35$0.31$0.73$0.80$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.36$0.24$1.06