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Place Of Promise Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043233151 ✦ Lowell, MA ✦ Designated as a 501(c)(3)

Overview

What is Place Of Promise Inc?

Place of Promise Inc, situated in Lowell, Massachusetts, is a nonprofit organization dedicated to providing a supportive living environment and integrated services. Their mission is to empower individuals to achieve their full potential, encompassing both physical and mental well-being, as well as spiritual growth. They serve a diverse range of individuals, including 94 adults in addiction recovery, 55 children in summer and afterschool programs, and a few in spiritual mentoring and systems advocacy training. Furthermore, they extend their reach to the local community through neighborhood outreach Bible studies, offering assistance to approximately 525 individuals during neighborhood block parties. Place of Promise Inc also relies on an estimated 115 volunteers to help those in need, with 30 regularly integrating into their program services.


Is Place Of Promise Inc legitimate?

Place Of Promise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Place Of Promise Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $15,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $205,211

For more financial information, click here


What is the mission statement of Place Of Promise Inc?
Who is the CEO of Place Of Promise Inc?
What is the revenue of Place Of Promise Inc?
Who are the executives of Place Of Promise Inc and what are their salaries?
Where can I find the form 990 for Place Of Promise Inc?

Mission Statement of Place Of Promise Inc

Place of Promise Inc is committed to providing a residence and integrated supportive services within the community, aiming to help each individual realize their maximum potential in terms of physical, mental, and spiritual well-being. This nonprofit organization's mission is to offer a living space along with comprehensive support services to foster personal growth and development. By doing so, Place of Promise Inc strives to empower individuals to overcome challenges and lead fulfilling lives.

The core activities of Place of Promise Inc include serving individuals through various programs. These programs cater to different age groups, such as adults seeking addiction recovery, children participating in summer and afterschool activities, and individuals seeking spiritual mentoring and systems advocacy training. The organization also engages in neighborhood outreach, conducting Bible studies and hosting block parties to connect with the community. Furthermore, Place of Promise Inc provides an opportunity for volunteers to offer assistance and services to those in need. Through its efforts, the nonprofit has managed to engage approximately 115 volunteers, with 30 of them regularly integrating into the program services provided.

Impact

This information is meant to be a general summary of Place Of Promise Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Place Of Promise Inc has made a significant impact by providing a residence and integrated supportive services within the community to help individuals realize their maximum potential - physically, mentally, and spiritually. They have served 147 individuals in core programs, including 94 in adult residential addiction recovery, 55 in Kids of Promise summer and afterschool programs, and 3 in spiritual mentoring and systems advocacy training. Additionally, they have served 35 individuals in neighborhood outreach Bible studies, approximately 525 individuals in neighborhood block parties, and provided an estimated 115 volunteers with the means to assist and serve those in need. This organization has truly made a difference in the lives of many individuals in the Lowell, MA community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,865
  • Program Service Revenue: $62,439
  • Gross Receipts: $494,800

    • Assets and Liabilities:
  • Total Assets: $1,606,411
  • Total Liabilities: $14,120
  • Net Assets: $1,592,291
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RESIDENTIAL PROGRAM FEES

    Revenue

    $62,439

    Organization Details

    Founding Year

    1994

    Principal Officer

    Jeffry Kiel

    Main Address

    POST OFFICE BOX 1132, LOWELL, MA, 01853

    NTEE Category

    Code: X20Z - Religion related

    If you are a representative of Place Of Promise Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.