Civic Intelligence

Providence Promise

990 • Fiscal year 2018 • EIN 47-1918920

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 15, 2018

Organization ProfileWWW.PVDPROMISE.ORG
Two Regency Plaza No 4Providence, RI 02903

(401) 421-4007

Siviq Scores

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

Liabilities / Assets

86th percentile

0.29x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

82nd percentile

0.10x

Higher debt load relative to revenue than 82% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

23rd percentile

-11%

Higher net margin than 23% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

87th percentile

$32,268

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

27th percentile

-12%

Faster asset growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

83rd percentile

41%

Faster revenue growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$86,807

Down $11,831 (-12%) from 2017

Net Assets

Down

$61,782

Down $26,433 (-30%) from 2017

Liabilities

Up

$25,025

Up $14,602 (+140%) from 2017

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin23rd percentile

Revenue

Up

$248,889

Up $72,657 (+41%) from 2017

Expenses

Up

$275,322

Up $150,123 (+120%) from 2017

Net Income

Down

-$26,433

Down $77,466 (-152%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$800K$600K$400K$200K$0Assets 2015: $42,718Liabilities 2015: $30,430Net Assets 2015: $12,2882015Assets 2016: $46,060Liabilities 2016: $8,878Net Assets 2016: $37,1822016Assets 2017: $98,638Liabilities 2017: $10,423Net Assets 2017: $88,2152017Assets 2018: $86,807Liabilities 2018: $25,025Net Assets 2018: $61,7822018Assets 2019: $61,471Liabilities 2019: $1,943Net Assets 2019: $59,5282019Assets 2020: $139,057Liabilities 2020: $27,800Net Assets 2020: $111,2572020Assets 2021: $240,350Liabilities 2021: $865Net Assets 2021: $239,4852021Assets 2022: $403,115Liabilities 2022: $17,840Net Assets 2022: $385,2752022Assets 2023: $688,834Liabilities 2023: $296,334Net Assets 2023: $392,5002023Assets 2024: $482,135Liabilities 2024: $259,950Net Assets 2024: $222,1852024Assets 2025: $560,099Liabilities 2025: $398,582Net Assets 2025: $161,5172025

Highlighted filing

2018

Assets$86,807
Liabilities$25,025
Net Assets$61,782
Open 2018 Filing

Operations Trend

Revenue Growth83rd percentile

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

$1.0M$500K$0-$500KRevenue 2015: $60,132Expenses 2015: $47,844Net Income 2015: $12,2882015Revenue 2016: $77,593Expenses 2016: $52,700Net Income 2016: $24,8932016Revenue 2017: $176,232Expenses 2017: $125,199Net Income 2017: $51,0332017Revenue 2018: $248,889Expenses 2018: $275,322Net Income 2018: -$26,4332018Revenue 2019: $200,800Expenses 2019: $203,052Net Income 2019: -$2,2522019Revenue 2020: $241,447Expenses 2020: $189,718Net Income 2020: $51,7292020Revenue 2021: $452,764Expenses 2021: $324,536Net Income 2021: $128,2282021Revenue 2022: $631,702Expenses 2022: $485,912Net Income 2022: $145,7902022Revenue 2023: $819,387Expenses 2023: $812,162Net Income 2023: $7,2252023Revenue 2024: $811,416Expenses 2024: $982,916Net Income 2024: -$171,5002024Revenue 2025: $783,915Expenses 2025: $855,447Net Income 2025: -$71,5322025

Highlighted filing

2018

Revenue$248,889
Expenses$275,322
Net Income-$26,433
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 15, 2018
Return Version
2017v2.3
Gross Receipts
$248,889
Mission and Program Overview

Mission

Providence promise promotes high educational aspirations and more equitable opportunities for providence public school students by advocating for college savings accounts and family engagement, increasing financial literacy, and reducing the financial burden of higher education.

Provide a financial assistance program to providence, rhode island public schools.provide a financial assistance program to providence, rhode island public school students for post-secondary education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$97,869$84,972▼ $12,897
Land, Buildings, and Equipment, Net$769$1,835▲ $1,066
Total Assets$98,638$86,807▼ $11,831
Liabilities
Accounts Payable and Accrued Expenses$10,423$25,025▲ $14,602
Total Liabilities$10,423$25,025▲ $14,602
Net Assets / Fund Balance
Unrestricted Net Assets$88,215$61,782▼ $26,433
Total Net Assets Fund Balance$88,215$61,782▼ $26,433
Total Liabilities and Net Assets / Fund Balance$98,638$86,807▼ $11,831

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,835$619$2,454
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Madalyn CiampiDirector of Outreach & EnrollmentFT$32,268$32,268

Board Members and Trustees

NameTitle
Richard LappinPresident /director
Dan BaudouinDirector
Jim VincentDirector
Kayla RosenDirector
Leonela FelixDirector
Frankie CruzExecutive Director
Edward D FeldsteinSecretary/director
Joseph P Dipina JrTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$248,889
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$248,889
Change in Net Assets
$-26,433
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$172,500
Other Expenses$102,822
Total Fundraising Expense$29,056
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$116,226$36,050$20,224$172,500
Fees for Services Management$46,624--$46,624
Fees for Services Other$7,025$20,512$8,191$35,728
Other Expenses-$2,020$641$2,020
Depreciation Depletion-$549-$549
Total Functional Expenses$169,875$76,391$29,056$275,322
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 B, Line 11B

“A copy of the 990 is reviewed by the board of directors before it is filed.”

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

“The conflict of interest policy is reviewed annually by all directors and each director signs a conflict disclosure certification annually.”

Form 990, Part VI, Section C, Line 19

“All governing documents, conflict of interest policy and financial statements are available upon request made to the organizations address.”

Filing and Contact Details

Filer

Filer Name
Providence Promise
EIN
47-1918920
Phone
4014214007
Address
TWO REGENCY PLAZA NO 4, PROVIDENCE, RI 02903

Signing Officer

Name
Richard Lappin
Title
President
Phone
4014214007
Signed
2018-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Lappin
Formed
2014
Legal Domicile
Ri
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Marcum Llp
Address
53 STATE STREET, BOSTON, MA 02109
Preparer
Christopher Stevens
Phone
6178075000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Actuary: program service expenses 7,025. Management and general expenses 20,512. Fundraising expenses 8,191. Total expenses 35,728.”

FORM 990, PART XII, LINE 2C:

“The board of directors assumes responsibility for oversight of the compilation of its financial statements and selection of an independent accountant.”

Raw XML Appendix378 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
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt010423
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt025025
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE A FINANCIAL ASSISTANCE PROGRAM TO PROVIDENCE, RHODE ISLAND PUBLIC SCHOOLS.PROVIDE A FINANCIAL ASSISTANCE PROGRAM TO PROVIDENCE, RHODE ISLAND PUBLIC SCHOOL STUDENTS FOR POST-SECONDARY EDUCATION.
IRS990/AllOtherContributionsAmt0248889
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum04014214007
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0TWO REGENCY PLAZA NO 4
IRS990/BooksInCareOfDetail/USAddress/CityNm0PROVIDENCE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002903
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt097869
IRS990/CashNonInterestBearingGrp/EOYAmt084972
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0248889
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0102822
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-26433
IRS990/CYSalariesCompEmpBnftPaidAmt0172500
IRS990/CYTotalExpensesAmt0275322
IRS990/CYTotalFundraisingExpenseAmt029056
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0248889
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0549
IRS990/DepreciationDepletionGrp/TotalAmt0549
IRS990/Desc0PROVIDENCE PROMISE PROGRAM - TO PROVIDE ANY PROVIDENCE, RI PUBLIC SCHOOL STUDENT THE FINANCIAL RESOURCES THAT WILL ENABLE THEM TO FURTHER THEIR EDUCATION AT ANY ELIGIBLE COLLEGE OR TECHNICAL SCHOOL. ALL COSTS FOR TUITION, BOARD AND ROOM, NET OF ANY FINANCIAL AID ARE PAID BY THE PROGRAM AND THE OPPORTUNITY IS AVAILABLE TO ALL PARTICIPATING STUDENTS FOR UP TO TEN YEARS AFTER THEIR GRADUATION FROM HIGH SCHOOL.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0169875
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt046624
IRS990/FeesForServicesManagementGrp/TotalAmt046624
IRS990/FeesForServicesOtherGrp/FundraisingAmt08191
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt020512
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt07025
IRS990/FeesForServicesOtherGrp/TotalAmt035728
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt610.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0RICHARD LAPPIN
IRS990/Form990PartVIISectionAGrp/PersonNm1EDWARD D FELDSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm2DAN BAUDOUIN
IRS990/Form990PartVIISectionAGrp/PersonNm3MADALYN CIAMPI
IRS990/Form990PartVIISectionAGrp/PersonNm4JIM VINCENT
IRS990/Form990PartVIISectionAGrp/PersonNm5JOSEPH P DIPINA JR
IRS990/Form990PartVIISectionAGrp/PersonNm6FRANKIE CRUZ
IRS990/Form990PartVIISectionAGrp/PersonNm7KAYLA ROSEN
IRS990/Form990PartVIISectionAGrp/PersonNm8LEONELA FELIX
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt332268
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT /DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR OF OUTREACH & ENROLLMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0248889
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0619
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0769
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01835
IRS990/LandBldgEquipCostOrOtherBssAmt02454
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE ANY PROVIDENCE, RI PUBLIC SCHOOL STUDENT WITH FINANCIAL SUPPORT IN ATTENDING POST SECONDARY EDUCATION AT ANY ELIGIBLE COLLEGE OR TECHNICAL SCHOOL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt088215
IRS990/NetAssetsOrFundBalancesEOYAmt061782
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OFFICE EXPENSE
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt0641
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017260
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12020
IRS990/OtherExpensesGrp/TotalAmt017901
IRS990/OtherExpensesGrp/TotalAmt12020
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt020224
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036050
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0116226
IRS990/OtherSalariesAndWagesGrp/TotalAmt0172500
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RICHARD LAPPIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0176232
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt098878
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt051033
IRS990/PYSalariesCompEmpBnftPaidAmt026321
IRS990/PYTotalExpensesAmt0125199
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0176232
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-26433
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0248889
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0176232
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt077593
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt060132
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0562846
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0436949
IRS990ScheduleA/SubstantialContributorsTotAmt0125897
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0248889
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0176232
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt077593
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt060132
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0562846
IRS990ScheduleA/TotalSupportAmt0562846
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01835
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0619
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02454
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01835
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY ALL DIRECTORS AND EACH DIRECTOR SIGNS A CONFLICT DISCLOSURE CERTIFICATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST MADE TO THE ORGANIZATIONS ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACTUARY: PROGRAM SERVICE EXPENSES 7,025. MANAGEMENT AND GENERAL EXPENSES 20,512. FUNDRAISING EXPENSES 8,191. TOTAL EXPENSES 35,728.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0042806263
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0REAL ESTATE DEVELOPMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0LISCO DEVELOPMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt012 BASSETT ST
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0PROVIDENCE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd002903
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt017330
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LISCO DEVELOPMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt098638
IRS990/TotalAssetsEOYAmt086807
IRS990/TotalAssetsGrp/BOYAmt098638
IRS990/TotalAssetsGrp/EOYAmt086807
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0248889
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt029056
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt076391
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0169875
IRS990/TotalFunctionalExpensesGrp/TotalAmt0275322
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010423
IRS990/TotalLiabilitiesEOYAmt025025
IRS990/TotalLiabilitiesGrp/BOYAmt010423
IRS990/TotalLiabilitiesGrp/EOYAmt025025
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt088215
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt061782
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0169875
IRS990/TotalReportableCompFromOrgAmt032268
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0248889
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt098638
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt086807
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt088215
IRS990/UnrestrictedNetAssetsGrp/EOYAmt061782
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0TWO REGENCY PLAZA NO 4
IRS990/USAddress/CityNm0PROVIDENCE
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002903
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.PVDPROMISE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD LAPPIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04014214007
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROVIDENCE PROMISE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O RICHARD LAPPIN
ReturnHeader/Filer/BusinessNameControlTxt0PROV
ReturnHeader/Filer/EIN0471918920
ReturnHeader/Filer/PhoneNum04014214007
ReturnHeader/Filer/USAddress/AddressLine1Txt0TWO REGENCY PLAZA NO 4
ReturnHeader/Filer/USAddress/CityNm0PROVIDENCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002903
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A78DADE91358E8A6EB234267DE911D18B2A3F1F9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.19.127.190
ReturnHeader/FilingSecurityInformation/IPDt02018-09-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm011:14:25
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0111986323
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARCUM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt053 STATE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002109
ReturnHeader/PreparerPersonGrp/PhoneNum06178075000
ReturnHeader/PreparerPersonGrp/PreparationDt02018-09-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER STEVENS
ReturnHeader/ReturnTs02018-11-05T14:04:07-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$86,807
Liabilities
$25,025
Net assets
$61,782
Revenue
$248,889
Expenses
$275,322
Net income
-$26,433
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.60$3.99$1.62$7.84$8.55$0.72
2024Detailed filing. Detailed filing data is available for this year.$4.82$2.60$2.22$8.11$9.83$1.72
2023Detailed filing. Detailed filing data is available for this year.$6.89$2.96$3.93$8.19$8.12$0.07
2022Detailed filing. Detailed filing data is available for this year.$4.03$0.18$3.85$6.32$4.86$1.46
2021Detailed filing. Detailed filing data is available for this year.$2.40$0.01$2.39$4.53$3.25$1.28
2020Detailed filing. Detailed filing data is available for this year.$1.39$0.28$1.11$2.41$1.90$0.52
2019Detailed filing. Detailed filing data is available for this year.$0.61$0.02$0.60$2.01$2.03$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.25$0.62$2.49$2.75$0.26
2017Summary only. Only limited summary data is available for this year.$0.99$0.10$0.88$1.76$1.25$0.51
2016Detailed filing. Detailed filing data is available for this year.$0.46$0.09$0.37$0.78$0.53$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.30$0.12$0.60$0.48$0.12