EIN 35-2519571

Promise Academy

IRS 501(c) type
501(c)(3)
Num. employees
35
City
State
Year formed
2014
Most recent tax filings
2023-06-01
Description
Promise Academy fosters wise, creative, and compassionate leaders by providing exemplary Christ-centered education in North Tyler. In our seventh year of operation, we led 72 students through hands-on and challenging educational opportunities to educate the whole person. We recently graduated our second class of fifth graders for the joy of our city and the glory of God.
Total revenues
$971,713
2023
Total expenses
$1,086,492
2023
Total assets
$1,247,574
2023
Num. employees
35
2023

Program areas at Promise Academy

Promise Academy wrapped up our eighth year of operation graduating our third class of fifth graders. We had 81 students enrolled at Promise Academy and lead them through hands-on and challenging education opportunities. We believe in educating the whole child and provide a solid core curriculum that is focused on explicit and systematic phonics and reading comprehension instruction and as well as numeracy and mastered mathematics. This is supported and enriched through experiential activities, artistic endeavors, and character cultivation and formation. 91% of our students would qualify for free or reduced lunch, and 90% of our families are from a minority ethnicity.

Who funds Promise Academy

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Communities Foundation of TexasThis Grant Is Designated for General Support.$136,500
Riter Family FoundationEducation$66,667
East Texas Communties Foundation (ETCF)Educational$66,569
...and 3 more grants received

Personnel at Promise Academy

NameTitleCompensation
Sarah CummingHead of School$49,169
Krista WallaceTreasurer$0
Jeanne-Elizabeth RamirezSecretary$0
Brian BrandtPresident$0
Ricky GarnerPresident / Secretary$0

Financials for Promise Academy

RevenuesFYE 06/2023
Total grants, contributions, etc.$802,738
Program services$84,039
Investment income and dividends$21,986
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$2,576
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$60,374
Total revenues$971,713

Form 990s for Promise Academy

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-23990View PDF
2022-062023-05-15990View PDF
2021-062022-02-08990View PDF
2020-062021-04-05990View PDF
2019-062020-02-12990EZView PDF
...and 4 more Form 990s
Data update history
May 20, 2024
Updated personnel
Identified 1 new personnel
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $136,500 from Communities Foundation of Texas
July 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 23, 2023
Received grants
Identified 6 new grant, including a grant for $100,000 from Communities Foundation of Texas
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
SchoolsK-12 schoolsCharities
Issues
Education
Characteristics
Partially liquidatedFundraising eventsGala fundraisersTax deductible donationsAccepts online donations
General information
Address
504 W 32nd St
Tyler, TX 75702
Metro area
Tyler, TX
County
Smith County, TX
Website URL
promisetyler.org/ 
Phone
(903) 630-7369
IRS details
EIN
35-2519571
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B20: Elementary, Secondary Education
NAICS code, primary
611110: Elementary and Secondary Schools
Parent/child status
Independent
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