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EIN 20-5217323

The Promise Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Wilmington
State
North Carolina
Year formed
2008
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Promise Foundation is a private foundation located in Wilmington, NC that primarily funds a food bank, donations to provide humanitarian services, and a charter school incorporating the arts. Its purpose is supported by interest income from officer loans and financed sales of property in 2014. The foundation has made three grants last year to its grantees including Harrelson Center and others.
Total revenues
$194
2023
Total expenses
$1,002
2023
Total assets
$36,847
2023
Num. employees
0
2023

Program areas at The Promise Foundation

Interest income from officer loan.

Grants made by The Promise Foundation

GranteeGrant descriptionAmount
First Tee of Greater WilmingtonDonation To Helpempower Kids Throughthe Game of Golf$1,000

Personnel at The Promise Foundation

NameTitleCompensation
Denise MvincentPresident$0
Jon T VincentTreasurer$0

Financials for The Promise Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$22
Investment income and dividends$172
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$194

Form 990s for The Promise Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-24990PFView PDF
2022-122023-05-09990PFView PDF
2021-122022-05-06990PFView PDF
2020-122022-04-20990PFView PDF
2020-122021-10-19990PFView PDF
...and 11 more Form 990s
Data update history
July 23, 2023
Posted financials
Added Form 990PF for fiscal year 2022
June 13, 2023
Posted financials
Added Form 990PF for fiscal year 2021
February 3, 2023
Posted financials
Added Form 990PF for fiscal year 2020
August 18, 2021
Posted financials
Added Form 990R for fiscal year 2019
November 11, 2019
Posted financials
Added Form 990PF for fiscal year 2018
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Hunger
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
1015 Ashes Dr
Wilmington, NC 28405
Metro area
Wilmington, NC
County
New Hanover County, NC
Phone
(910) 256-0101
IRS details
EIN
20-5217323
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2008
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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