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Promethean Foundation is a private corporation based in UNION CITY, TN. The foundation received its IRS ruling in 2005. The principal officer is Henry Clay Woods Iii. It holds total assets of $175K. Annual income is reported at $2.4M. Total assets have decreased from $194K in 2011 to $10K in 2023. The foundation is governed by 7 officers and trustees. All funds are to provide daycare scholarships for qualifying applicants. These scholarship recipients will be provided with daycare in a qualifying daycare facility that meets the moral, social, and educational values that the foundation feels are necessary to provide an excellent background for a successful life. These applicants will be monitered throughout their school years. The scholarships are paid directly to the daycare facilities. These scholarships were paid to little lambs two. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. Grantmaking is concentrated in Tennessee. According to available records, Promethean Foundation has made 53 grants totaling $5.2M, with a median grant of $79K. Annual giving has grown from $1.3M in 2020 to $2.7M in 2022. Individual grants have ranged from $715 to $323K, with an average award of $98K. The foundation has supported 15 unique organizations. Grant recipients are concentrated in Tennessee. Contributions to this foundation are tax-deductible.
Smallest Grant
$11K
Median Grant
$90K
Average Grant
$115K
Largest Grant
$323K
Based on 11 grants from the most recent 990-PF filing.
All funds are to provide daycare scholarships for qualifying applicants. These scholarship recipients will be provided with daycare in a qualifying daycare facility that meets the moral, social, and educational values that the foundation feels are necessary to provide an excellent background for a successful life. These applicants will be monitered throughout their school years. The scholarships are paid directly to the daycare facilities. These scholarships were paid to little lambs two.
Expenses: $323K
These scholarships were paid to childrens corner. See item 1 for detail of scholarship activity.
Expenses: $228K
These scholarships were paid to pumpkin patch. See item 1 for detail of scholarship activity.
Expenses: $207K
These scholarships were paid to little lambs. See item 1 for detail of scholarship activity.
Expenses: $124K
All funds are to provide daycare scholarships for qualifying applicants. These scholarship recipients will be provided with daycare in a qualifying daycare facility that meets the moral, social, and educational values that the foundation feels are necessary to provide an excellent background for a successful life. These applicants will be monitered throughout their school years. The scholarships are paid directly to the daycare facilities. These scholarships were paid to little lambs two. Based on available records, the foundation has funded 53 grants. Its grantmaking reaches organizations primarily in TN.
Promethean Foundation has distributed a total of $5.2M across 53 grants. The median grant size is $79K, with an average of $98K. Individual grants have ranged from $715 to $323K.
Promethean Foundation typically selects its grantees rather than accepting unsolicited proposals. The application deadline is PRIOR TO AND FOLLOWING THE BIRTH OF THE CHILD FOR WHICH THE SCHOLARSHIP IS BEING REQUESTED.. The applicants must live in obion county, tennessee. The scholarships are for qualifying daycare to newborns through school age, with the requirement that their progress be monitored throught out their school years. The scholarships are only paid to daycares which are approved and monitored by the foundation.
Promethean Foundation is headquartered in UNION CITY, TN.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Roger Williams | DIRECTOR | $0 | $0 | N/A |
| Dan Boykin | TREASURER/DI | $0 | $0 | N/A |
| Hadley Malone | PRESIDENT/DI | $0 | $0 | N/A |
| Chuck Doss | PRESIDENT/DI | $0 | $0 | N/A |
| William Martin Sisco | SECRETARY/DI | $0 | $0 | N/A |
| Vikki Hayslett | DIRECTOR | $0 | $0 | N/A |
| Micheal Paul Miller | DIRECTOR | $0 | $0 | N/A |
Total Giving
$1.8M
Total Assets
$10K
Fair Market Value
$5K
Net Worth
$10K
Grants Paid
$1.3M
Contributions
$1.6M
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
53
Total Giving
$5.2M
Average Grant
$98K
Median Grant
$79K
Unique Recipients
15
Most Common Grant
$72K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Little LambsQUALIFYING DAYCARE SCHOLARSHIPS | Union City, TN | $86K | 2022 |
| Kingdom KidsQUALIFYING DAYCARE SCHOLARSHIP | South Fulton, TN | $83K | 2022 |
| Small WorldQUALIFYING DAYCARE SCHOLARSHIPS | Union City, TN | $72K | 2022 |
| Stepping StonesQUALIFYING DAY CARE SCHOLARSHIP | Martin, TN | $51K | 2022 |
| Little Lambs TwoQUALIFYING DAYCARE SCHOLARSHIPS | Union City, TN | $310K | 2022 |
| First FriendsQUALIFYING DAYCARE SCHOLARSHIPS | Union City, TN | $184K | 2022 |
| Children'S CornerQUALIFYING DAYCARE SCHOLARSHIPS | Union City, TN | $155K | 2022 |
| Pumpkin PatchQUALIFYING DAYCARE SCHOLARSHIPS | Union City, TN | $154K | 2022 |
| Kimgs And QueensQUALIFYING DAYCARE SCHOLARSHIP | Union City, TN | $94K | 2022 |
| Pumpkin Patch TwoQUALIFYING DAYCARE SCHOLARSHIPS | South Fulton, TN | $79K | 2022 |
| Kare BareQUALIFYING DAYCARE SCHOLARSHIPS | Union City, TN | $72K | 2022 |
| Uc Elementary Pre-K Kids ClubQUALIFYING DAYCARE SCHOLARSHIPS | Union City, TN | $20K | 2022 |
| Tiny Tornado AcademyQUALIFYING DAYCARE SCHOLARSHIP | Union City, TN | $2K | 2022 |
| Lake Road Special Ed Pre-KQUALIFYING DAYCARE SCHOLARSHIP | Union City, TN | $1K | 2022 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN