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EIN 26-0388141

Rockford Promise

IRS 501(c) type
501(c)(3)
Num. employees
12
City
Rockford
State
Illinois
Year formed
2007
Most recent tax filings
2024-06-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
Vision statement: enhance economic vitality in the Rockford region by providing access to post-secondary education for all Rockford public school graduates.
Total revenues
$2,736,183
2024
Total expenses
$1,403,887
2024
Total assets
$4,936,656
2024
Num. employees
12
2024

Program areas at Rockford Promise

Provided full-tuition scholarships for selected Rockford public school graduates: 14 attending Rockford university, 46 attending rock valley college, and 174 students attending northern Illinois university. - 115 additional students have been selected for full-tuition scholarships beginning in the fall of 2024 (4 attending Rockford university, 27 attending rock valley college, and 84 attending northern Illinois university).

Who funds Rockford Promise

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Dr Connie Tucker Scholarship FundEducation$200,000
Amended and Restated Brubaker Charitable TrustTo Fund Scholarships and Student Mentor Programs$200,000
Stenstrom FoundationCharitable$21,000
...and 3 more grants received

Personnel at Rockford Promise

NameTitleCompensation
Robert YoungChief Executive Officer and President, Midwest$0
Patrick Peyer, Ed.d.Vice President of Student Affairs, Rock Valley College$0
Susan FumoVice President
Kaylene GrohExecutive Director$73,093
Keith KruchtenOperations Manager$0
...and 4 more key personnel

Financials for Rockford Promise

RevenuesFYE 06/2024
Total grants, contributions, etc.$2,578,100
Program services$0
Investment income and dividends$152,415
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$5,668
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,736,183

Form 990s for Rockford Promise

Fiscal year endingDate received by IRSFormPDF link
2024-062025-02-24990View PDF
2023-062024-02-26990View PDF
2022-062023-02-02990View PDF
2021-062022-02-24990View PDF
2020-062021-04-12990View PDF
...and 3 more Form 990s
Data update history
October 20, 2024
Received grants
Identified 1 new grant, including a grant for $21,000 from Stenstrom Foundation
July 17, 2024
Received grants
Identified 1 new grant, including a grant for $200,000 from Amended and Restated Brubaker Charitable Trust
May 26, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 1 new personnel
October 25, 2023
Received grants
Identified 5 new grant, including a grant for $200,000 from Amended and Restated Brubaker Charitable Trust
Nonprofit Types
SchoolsCharities
Issues
Education
Characteristics
Partially liquidatedFundraising eventsState / local levelReceives government fundingProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
1643 N Alpine Rd Suite 104102
Rockford, IL 61107
Metro area
Rockford, IL
County
Winnebago County, IL
Website URL
rockfordpromise.org/ 
Phone
(815) 262-9002
IRS details
EIN
26-0388141
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
6116: Other Schools and Instruction
Parent/child status
Independent
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