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Promise Academy

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

EIN: 352519571 ✦ Tyler, TX ✦ Designated as a 501(c)(3)

Overview

What is Promise Academy?

Promise Academy is a nonprofit organization situated in Tyler, Texas, specifically at 504 W 32nd St. Established with a mission to cultivate wise, creative, and compassionate leaders, the academy offers Christ-centered education. They provide a solid core curriculum with a focus on phonics, reading comprehension, and mathematics. Their educational approach is hands-on and challenging, enriched by experiential activities, artistic endeavors, and character development. The academy serves a diverse student body, with 82% qualifying for free or reduced lunches and 90% belonging to minority ethnicities. With a team of 29 dedicated employees, Promise Academy strives to contribute positively to its local community in North Tyler.


Official website here: www.promisetyler.org

Is Promise Academy legitimate?

Promise Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promise Academy 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: $60,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $589,441

For more financial information, click here


Official website here: www.promisetyler.org

What is the mission statement of Promise Academy?

Promise Academy's mission is centered around fostering wise, creative, and compassionate leaders. They achieve this through a Christ-centered education approach, aiming to bring joy and glory to the community. The academy emphasizes holistic development, providing a solid curriculum with a focus on phonics, reading comprehension, numeracy, and mathematics. This foundation is enriched with experiential activities, artistic endeavors, and character cultivation and formation. The academy serves a diverse student body, with 82% qualifying for free or reduced lunch and 90% belonging to minority ethnicities.


Official website here: www.promisetyler.org

Who is the CEO of Promise Academy?

Alan Cumming is the Head Of School of Promise Academy.


Official website here: www.promisetyler.org

What is the revenue of Promise Academy?

Promise Academy's revenue in 2022 was $1,012,585.


Official website here: www.promisetyler.org

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

The average compensation at Promise Academy during 2022 was $22,395. There are 29 employees and 50 volunteers at Promise Academy.

Here are 12 key members and their salaries:

    Sarah Cumming (Head Of School)
  • Compensation: $60,000
  • Related: $0
  • Other: $0

    • Ricky Garner (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cynthia Freeman (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Berry (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cynthia Riter (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Brown (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan Cumming (Pres. Emeritus) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Krista Wallace (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trey Yarbrough (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Brandt (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeanne-Elizabeth Ramirez (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ivette Zavarce (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.promisetyler.org

    Where can I find the form 990 for Promise Academy?

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


    Official website here: www.promisetyler.org

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

    Mission Statement of Promise Academy

    Promise Academy, a nonprofit organization, is dedicated to nurturing intelligent, imaginative, and compassionate leaders through exceptional Christian education. The academy operates with the belief that education should go beyond academics and encompass the whole child, integrating systematic phonics and reading comprehension instruction, numeracy, and mastered mathematics. This rigorous curriculum is supplemented with experiential activities, artistic pursuits, and character development and formation.

    Promise Academy serves a diverse student body, with 82% qualifying for free or reduced lunch and 90% belonging to minority ethnicities. The academy's mission is not just about providing education but also fostering a community that cultivates wisdom, creativity, and compassion. By doing so, Promise Academy aims to contribute positively to its community and bring glory to God. The academy's approach to education is grounded in its Christian beliefs, aiming to develop well-rounded individuals who can make a positive impact in their city and beyond.

    Impact

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




    Thursday, August 15, 2024

    Promise Academy's impact can be seen in the cultivation of wise, creative, and compassionate leaders through exemplary Christ-centered education in North Tyler. With a focus on educating the whole child, Promise Academy provides a solid core curriculum that emphasizes explicit and systematic phonics, reading comprehension, numeracy, and mastered mathematics. Through hands-on and challenging educational opportunities, experiential activities, artistic endeavors, and character formation, Promise Academy equips its students with the skills and values needed to thrive in their academic and personal lives.

    Despite the challenges and disparities faced by the community it serves, Promise Academy has made significant strides in providing quality education to its students. With a student body where 82% qualify for free or reduced lunch and 90% come from minority ethnicities, the Academy has demonstrated a commitment to inclusivity and equity in education.

    By graduating classes of students who have been nurtured and guided towards academic excellence and character development, Promise Academy is making a positive impact not only on the individual lives of its students but also on the community as a whole. Through its mission to cultivate leaders who are not only academically proficient but also compassionate and wise, Promise Academy plays a vital role in shaping the future of North Tyler and beyond.





    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: $8,007
  • Program Service Revenue: $69,009
  • Gross Receipts: $1,037,471

    • Assets and Liabilities:
  • Total Assets: $1,347,405
  • Total Liabilities: $2,377
  • Net Assets: $1,345,028
  • Programs

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

    ACADEMIC TUITION

    Revenue

    $68,989

    EXTENDED CARE

    Revenue

    $20

    Organization Details

    Founding Year

    2014

    Principal Officer

    Alan Cumming

    Main Address

    504 W 32nd St, TYLER, TX, 75702

    NTEE Category

    Code: B20 - Education

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