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Promise Inc

Promise In Brevard

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

EIN: 900520600 ✦ West melbourne, FL ✦ Designated as a 501(c)(3)

Overview

What is Promise Inc?

Promise Inc, based in West Melbourne, Florida, is a nonprofit organization dedicated to serving individuals with disabilities. Established with the mission to provide housing and other essential services, Promise Inc has developed a housing option that integrates vocational training, employment opportunities, health, wellness, fitness, and public-private partnerships. Their goal is to minimize the need for state funding. The organization successfully placed over 50 residents with various disabilities in work placements with 35 local businesses, with many collaborating with their employment specialists. Additionally, Promise Inc completed construction on its Promise Café & Bakery towards the end of 2019, which opened in February 2020, until it was forced to close due to the West Melbourne Community Park closure. In September 2020, Aves' Place Ice Cream opened its doors, offering another avenue for the organization's initiatives. With a total of 71 employees, Promise Inc continues to support individuals with special needs in their community.


Official website here: www.promiseinbrevard.com

Is Promise Inc legitimate?

Promise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $902,626

For more financial information, click here


Official website here: www.promiseinbrevard.com

What is the mission statement of Promise Inc?

Promise Inc was established with the mission to develop housing and other essential services for individuals with disabilities. Its primary goal is to provide a much-needed housing option for adults with special needs, offering vocational training, employment opportunities, health and wellness programs, and fitness activities. Furthermore, Promise Inc aims to establish public-private partnerships to minimize the need for state funding. The organization's efforts have resulted in over 50 residents with varying disabilities finding employment with 35 different businesses within the community, with the majority working with their employment specialists. Despite setbacks, such as the closure of a community park forcing the closure of their cafe and bakery, they successfully opened Aves' Place Ice Cream in September 2020.


Official website here: www.promiseinbrevard.com

Who is the CEO of Promise Inc?

Jeff Kiel is the Ceo of Promise Inc. The CEO's salary of Promise Inc is $150,000 and their total compensation is $182,500.


Official website here: www.promiseinbrevard.com

What is the revenue of Promise Inc?

Promise Inc's revenue in 2022 was $2,100,149.


Official website here: www.promiseinbrevard.com

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

The average compensation at Promise Inc during 2022 was $12,713. There are 71 employees and 75 volunteers at Promise Inc.

Here are 11 key members and their salaries (Promise Inc's CEO's salary is $150,000 and their total compensation is $182,500):

    Jeff Kiel (Ceo)
  • Compensation: $150,000
  • Related: $0
  • Other: $32,500

    • Cindy Dropeski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Durante (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dudley Garner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry L Locke (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Margaret Lohan-Avalos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rusty Melle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Lori D Nelson (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank J Vega (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mason Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lynn Wilson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.promiseinbrevard.com

    Where can I find the form 990 for Promise Inc?

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


    Official website here: www.promiseinbrevard.com

    Learn more at the official website: www.promiseinbrevard.com

    Mission Statement of Promise Inc

    Promise Inc, an organization established with the intent to cater to individuals with disabilities, is committed to providing a much-needed housing option. This includes vocational training, employment opportunities, healthcare, wellness and fitness programs, and fostering public-private partnerships to minimize the need for state funding. By doing so, Promise Inc aims to empower adults with special needs, enabling them to lead independent and fulfilling lives.

    At the heart of Promise Inc's mission lies the provision of a supportive living environment where residents, each with varying abilities, can thrive. The organization fosters a strong emphasis on employment, partnering with local businesses to offer work opportunities. Over 50 individuals with disabilities have successfully secured employment with approximately 35 different businesses within the community, with many of them working closely with Promise Inc's employment specialists.

    Moreover, Promise Inc's mission extends beyond housing and employment. The organization is dedicated to promoting the overall well-being of its residents. This encompasses health and fitness programs that encourage physical activity and personal growth, as well as mental health support services. By offering a holistic approach to care, Promise Inc strives to empower its residents to lead fulfilling lives and achieve their personal goals.

    Impact

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




    Saturday, July 20, 2024

    Promise Inc has had a significant impact on the community by providing housing and services for individuals with disabilities. They have helped over 50 residents with varying disabilities find work with 35 different businesses within the community. Additionally, Promise Inc has constructed the Promise Café & Bakery, providing vocational training and employment opportunities for individuals with special needs. Their mission to create housing options that include vocational training, employment, health, wellness, and fitness shows their commitment to supporting individuals with disabilities to lead fulfilling lives.





    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: $306,245
  • Program Service Revenue: $278,536
  • Gross Receipts: $2,411,716

    • Assets and Liabilities:
  • Total Assets: $5,412,626
  • Total Liabilities: $210,479
  • Net Assets: $5,202,147
  • Programs

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

    RESIDENT COMMUNITY PROGRAM

    Revenue

    $278,536

    Organization Details

    Founding Year

    2009

    Principal Officer

    Jeff Kiel

    Main Address

    4105 NORFOLK PARKWAY, WEST MELBOURNE, FL, 32904

    NTEE Category

    Code: L22 - Housing

    If you are a representative 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.