Civic Intelligence

The Promise Foundation

990EZ • Fiscal year 2024 • EIN 20-1618720

Feb 01, 2023 to Jan 31, 2024 • Filed on Dec 16, 2024

Organization ProfileWWW.MATTSPROMISE.ORG
CO Holland Knight 31 West 52ndNew York, NY 10019

(212) 684-0199

Siviq Scores

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

Liabilities / Assets

97th percentile

39.66x

Higher debt load relative to assets than 97% of similar nonprofits.

2024 filings • NTEE T21 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

1117.57x

Higher debt load relative to revenue than 100% of similar nonprofits.

2024 filings • NTEE T21 • <$500k nonprofits • Source year 2024

Net Margin

3rd percentile

-6111%

Higher net margin than 3% of similar nonprofits.

2024 filings • NTEE T21 • <$500k nonprofits • Source year 2024

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.

2024 filings • NTEE T21 • <$500k nonprofits • Source year 2024

Asset Growth

86th percentile

43%

Faster asset growth than 86% of similar nonprofits.

2024 filings • NTEE T21 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-100%

Faster revenue growth than 5% of similar nonprofits.

2024 filings • NTEE T21 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$4,819

Up $1,452 (+43%) from 2023

Net Assets

Down

-$186,286

Down $10,450 (-5.9%) from 2023

Liabilities

Up

$191,105

Up $11,902 (+6.6%) from 2023

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin3rd percentile

Revenue

Down

$171

Down $110,481 (-100%) from 2023

Expenses

Down

$10,621

Down $23,573 (-69%) from 2023

Net Income

Down

-$10,450

Down $86,908 (-114%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2024

Assets$4,819
Liabilities$191,105
Net Assets-$186,286
Open 2024 Filing

Operations Trend

Revenue Growth5th 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

2024

Revenue$171
Expenses$10,621
Net Income-$10,450
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2023 to Jan 31, 2024
Signed
Dec 16, 2024
Return Version
2023v5.1
Gross Receipts
$171
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.

Program Services

DescriptionGrantsExpenses
GRANT MAKING - THE ORGANIZATION PROVIDES GRANTS TO FUND RESEARCH OF TERMINAL ILLNESSES AFFECTING YOUNG PEOPLE.$0$10,248
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RANDY REIFFPresident & Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Promise Foundation
EIN
20-1618720
Phone
2126840199
Address
CO HOLLAND KNIGHT 31 WEST 52ND, NEW YORK, NY 10019

Signing Officer

Name
Randy Reiff
Title
President & Treasurer.
Phone
2126840199
Signed
2024-12-16
Discuss with paid preparer
Yes

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank charges. Amount: 374. Description: it. Amount: 720. Total to form 990-ez, line 16: 1,094.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 69,454. End of year amount: 69,454. Description: loans payable to officer. Beg. Of year amount: 109,749. End of year amount: 121,651.”

Raw XML Appendix171 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum02126840199
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010019
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IRS990EZ/LobbyingActivitiesInd00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT & TREASURER
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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0GRANT MAKING - THE ORGANIZATION PROVIDES GRANTS TO FUND RESEARCH OF TERMINAL ILLNESSES AFFECTING YOUNG PEOPLE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt010248
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd9WA
IRS990EZ/StatesWhereCopyOfReturnIsFldCd10PA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0179203
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0191105
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt010621
IRS990EZ/TotalProgramServiceExpensesAmt010248
IRS990EZ/TotalRevenueAmt0171
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.MATTSPROMISE.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt035000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0625000
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0880100
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0396320
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01286822
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt061
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt068
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0131536
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0386635
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0518171
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt068
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.51240
IRS990ScheduleA/PublicSupportPY509Pct00.23580
IRS990ScheduleA/PublicSupportTotal509Amt0924893
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt035000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0625000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0220100
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0880100
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01805061
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0121651
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0WORKING CAPITAL - INTEREST FREE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0780414
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0RANDY REIFF
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBER.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0121651
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BANK CHARGES. AMOUNT: 374. DESCRIPTION: IT. AMOUNT: 720. TOTAL TO FORM 990-EZ, LINE 16: 1,094.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 69,454. END OF YEAR AMOUNT: 69,454. DESCRIPTION: LOANS PAYABLE TO OFFICER. BEG. OF YEAR AMOUNT: 109,749. END OF YEAR AMOUNT: 121,651.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RANDY REIFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & TREASURER.
ReturnHeader/BusinessOfficerGrp/PhoneNum02126840199
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PROMISE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PROM
ReturnHeader/Filer/EIN0201618720
ReturnHeader/Filer/PhoneNum02126840199
ReturnHeader/Filer/USAddress/AddressLine1Txt0CO HOLLAND KNIGHT 31 WEST 52ND
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010019
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
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/PreparationDt02024-12-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SKODY
ReturnHeader/ReturnTs02024-12-16T20:05:50-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-02-01
ReturnHeader/TaxPeriodEndDt02024-01-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,819
Liabilities
$191,105
Net assets
-$186,286
Revenue
$171
Expenses
$10,621
Net income
-$10,450
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