EIN 20-1690784

Promethean Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Union City
Year formed
2005
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Promethean Foundation is a private foundation located in Union City, TN. The foundation primarily funds qualifying daycare scholarships. The purpose of the foundation is to provide daycare scholarships for qualifying applicants. Grantees include Little Lambs Two and others. The foundation made 11 grants last year.
Total revenues
$1,625,357
2023
Total expenses
$1,751,944
2023
Total assets
$9,544
2023
Num. employees
0
2023

Program areas at Promethean Foundation

All funds are to provide daycare scholarships for qualifying applicants. These scholarship recipients will be provided with daycare in a qualifying daycare facility that meets the moral, social, and educational values that the Foundation feels are necessary to provide an excellent background for a successful life. These applicants will be monitered throughout their school years. The scholarships are paid directly to the daycare facilities. These scholarships were paid to little lambs two.
These scholarships were paid to childrens corner. See item 1 for detail of scholarship activity.
These scholarships were paid to pumpkin patch. See item 1 for detail of scholarship activity.
Used to provide preschool daycare scholarships and the administrative activities that run the Foundation. 2004 was the start up year with only 1 child in the program. The administrative function is to screen the applicants and to monitor the preschools and the progress of the applicants. The 2005 and 2006 goal was 200 and 300 children, respectively. At present, the Foundation has approximately 255 plus children in the program. These scholarships pay for daycare for newborns through school in an education and morally enriched atmosphere with the hopes that this will give them a head start in their educationally process. The parents agree to allow the Foundation to monitor their progress at the daycare as well as through their school years to see if this project reaches its desired results of better educated and behaved children.

Grants made by Promethean Foundation

GranteeGrant descriptionAmount
Pumpkin PatchQualifying Daycare Scholarships$122,273

Personnel at Promethean Foundation

NameTitleCompensation
Hadley MalonePresident and Director$0

Financials for Promethean Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,625,357
Investment income and dividends$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,625,357

Form 990s for Promethean Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-24990PFView PDF
2022-122023-08-04990PFView PDF
2021-122022-03-23990PFView PDF
2020-122021-06-17990PFView PDF
2019-122021-06-09990PFView PDF
...and 8 more Form 990s

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Data update history
May 20, 2024
Updated personnel
Identified 1 new personnel
October 5, 2023
Updated personnel
Identified 2 new personnel
October 4, 2023
Posted financials
Added Form 990PF for fiscal year 2022
June 13, 2023
Posted financials
Added Form 990PF for fiscal year 2021
October 7, 2021
Posted financials
Added Form 990PF for fiscal year 2020
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsState / local levelTax deductible donationsNo full-time employees
General information
Address
624 E Reelfoot Ave
Union City, TN 38261
County
Obion County, TN
Phone
(731) 884-0088
IRS details
EIN
20-1690784
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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