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Promise Cares

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

EIN: 452771034 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

Overview

What is Promise Cares?

Promise Cares is a nonprofit organization situated in Memphis, Tennessee, with the primary source of revenue coming from Veterans' medical benefits. Their mission is to offer a safe haven for senior citizens, ensuring they receive the appropriate care. This includes providing resources and a supportive environment to enhance their well-being. The organization's activities are focused on ensuring the senior citizens under their care receive the best possible care and support.


Is Promise Cares legitimate?

Promise Cares is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promise Cares 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $411,955

For more financial information, click here


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

Mission Statement of Promise Cares

Promise Cares, a nonprofit organization, is dedicated to providing a sanctuary where senior citizens can receive the necessary care they deserve. Its mission is centered around creating a safe environment for these adults, ensuring they receive the appropriate level of support. The primary source of revenue for Promise Cares is derived from Veterans Affairs Medical Benefits, while payroll also contributes to its operations. The organization's purpose is to offer a secure and nurturing environment where senior citizens can access the care they need, enhancing their quality of life.

Impact

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




Wednesday, July 24, 2024

Promise Cares provides a safe haven for senior citizens to receive appropriate care in Memphis, Tennessee. Its impact is felt through the provision of quality care and support for elderly individuals, many of whom rely on VA medical benefits as the primary source of revenue for their care. Additionally, Promise Cares contributes to the community by offering housing options for seniors in need of assistance and support.





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: $0
  • Program Service Revenue: $542,288
  • Gross Receipts: $542,288

    • Assets and Liabilities:
  • Total Assets: $195,441
  • Total Liabilities: $160,000
  • Net Assets: $35,441
  • Programs

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

    INSURANCE PAYMENTS

    Revenue

    $478,534

    VA MEDICAL CENTER

    Revenue

    $63,754

    Organization Details

    Founding Year

    2015

    Principal Officer

    Jeaneen Shelton

    Main Address

    3430 OVERTON CROSSING, MEMPHIS, TN, 381275748

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Promise Cares 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.