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Rockford Promise

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

EIN: 260388141 ✦ Rockford, IL ✦ Designated as a 501(c)(3)

Overview

What is Rockford Promise?

Rockford Promise is a nonprofit organization situated in Rockford, Illinois. Its primary mission is to provide full-tuition scholarships to selected graduates from Rockford Public Schools, fostering access to higher education. As of now, 18 students attend Rockford University, 26 attend Rock Valley College, and 71 students are enrolled at Northern Illinois University, all benefiting from these scholarships. Moreover, 158 additional students have been chosen for full-tuition scholarships starting in the fall of 2022. Beyond scholarships, Rockford Promise aims to enhance student success and completion of their degrees or programs, contributing to the economic vitality of the Rockford region. The organization currently employs a team of 3 individuals.


Official website here: www.rockfordpromise.org

Is Rockford Promise legitimate?

Rockford Promise is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rockford Promise 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: $112,530
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,217

For more financial information, click here


Official website here: www.rockfordpromise.org

What is the mission statement of Rockford Promise?

Rockford Promise's mission statement is centered around enhancing economic vitality by providing access to post-secondary education for all Rockford Public School graduates. They achieve this by offering full-tuition scholarships and support to enhance student success, aiming for degree or program completion. The organization's vision is to provide this opportunity, which can significantly impact the overall success of its recipients. As of the provided information, Rockford Promise has already granted full-tuition scholarships to numerous students attending Rockford University, Rock Valley College, and Northern Illinois University, with plans to extend this support to more students starting in the fall of 2022.


Official website here: www.rockfordpromise.org

Who is the CEO of Rockford Promise?

Susan Covington-Fumo is the Bod of Rockford Promise.


Official website here: www.rockfordpromise.org

What is the revenue of Rockford Promise?

Rockford Promise's revenue in 2022 was $1,866,293.


Official website here: www.rockfordpromise.org

Who are the executives of Rockford Promise and what are their salaries?

The average compensation at Rockford Promise during 2022 was $38,582. There are 3 employees and 50 volunteers at Rockford Promise.

Here are 17 key members and their salaries:

    Dr Tasha Davis (Executive Di)
  • Compensation: $64,632
  • Related: $0
  • Other: $2,373

    • Kaylene Groh (Scholar Sup/)
  • Compensation: $34,705
  • Related: $0
  • Other: $816

    • Evan Bonnett (Bod) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scot Dobbs (Bod) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Covington-Fumo (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Emily Hartzog (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith Kruchten (Bod) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Lewis (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick Peyer (Bod) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Damon Raynor (Bod) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maurice Redd (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diego Valdivia (Bod) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tiffani Weatherly (Bod) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Young (Bod) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Justin King (Bod) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Perry (Bod) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jake Trotter (Bod) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.rockfordpromise.org

    Where can I find the form 990 for Rockford Promise?

    The Rockford Promise’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.rockfordpromise.org

    Learn more at the official website: www.rockfordpromise.org

    Mission Statement of Rockford Promise

    Rockford Promise, a nonprofit organization, is committed to enhancing economic vitality in its community by providing access to post-secondary education for all Rockford Public School graduates. Their mission is twofold: they aim to provide full-tuition scholarships and offer support to enhance student success, leading to degree or program completion. This initiative is designed to ensure that every eligible Rockford Public School graduate has the opportunity to pursue higher education without the burden of substantial tuition fees.

    Rockford Promise has been actively implementing this mission by granting full-tuition scholarships to selected Rockford Public School graduates. As of now, 18 students are attending Rockford University, 26 are at Rock Valley College, and 71 are enrolled at Northern Illinois University, all benefiting from these scholarships. The organization has also selected 158 additional students for full-tuition scholarships, set to begin in the fall of 2022. These fortunate students will be attending Rockford University (3), Rock Valley College (21), and Northern Illinois University (134).

    In essence, Rockford Promise's mission is to empower young individuals in their pursuit of higher education, thereby contributing to their personal growth and the overall economic advancement of the community. By providing full-tuition scholarships and necessary support, the organization is breaking financial barriers and encouraging academic success, ultimately fostering a more prosperous future for its graduates.

    Impact

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




    Thursday, August 15, 2024

    Rockford Promise is making a significant impact by providing full-tuition scholarships and support to enhance student success in degree or program completion. As of now, the organization has provided full-tuition scholarships for selected Rockford Public School graduates, with 18 students attending Rockford University, 26 students attending Rock Valley College, and 71 students attending Northern Illinois University. Additionally, 158 more students have been selected for full-tuition scholarships starting in the fall of 2022, with 3 attending Rockford University, 21 attending Rock Valley College, and 134 attending Northern Illinois University. This initiative aligns with the organization's mission to provide access to post-secondary education for all Rockford Public School graduates, aiming to enhance economic vitality in the Rockford region.





    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 2022.

  • Investment Income: $1,618
  • Program Service Revenue: $0
  • Gross Receipts: $1,876,258

    • Assets and Liabilities:
  • Total Assets: $2,107,240
  • Total Liabilities: $7,266
  • Net Assets: $2,099,974
  • Organization Details

    Founding Year

    2007

    Principal Officer

    Susan Covington-Fumo

    Main Address

    1643 N ALPINE RD SUITE 104102, ROCKFORD, IL, 61107

    NTEE Category

    Code: B82 - Education

    If you are a representative of Rockford Promise 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.