MEMPHIS, TN
Promise Academy
Quick Facts
- EIN
- 20-1608155
- Location
- MEMPHIS, TN
- Category
- Education
- NTEE Code
- B29
- Total Assets
- $4.2M
- Annual Income
- $5.3M
- Annual Revenue
- $5.3M
- IRS Ruling Year
- 2005
- Tax Subsection
- 501(c)(03)
About This Organization
Promise Academy is a nonprofit organization based in MEMPHIS, TN. It received its IRS tax-exempt ruling in 2005. The organization is classified under IRC Section 501(c)(03). It operates in the area of education. Total assets are reported at $4.2M. Annual income is $5.3M. The organization has received $2.3M in foundation grants from 3 funders. It has received $30K in federal awards from 1 agency.
Grants Received from Foundations
Foundation grants awarded to Promise Academy, based on IRS 990-PF filings.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Fleetwood Foundation Inc. | $160K | 2023 | Lavinia Consulting fund for Promise Academy Spring Hill |
| Fleetwood Foundation Inc. | $151K | 2023 | Lavinia Consulting fund for Promise Academy Hollywood |
| Fleetwood Foundation Inc. | $48K | 2023 | Promise Academy Spring Hill |
| Fleetwood Foundation Inc. | $43K | 2023 | General fund for Promise Academy Hollywood |
| Fleetwood Foundation Inc. | $42K | 2023 | General Purpose fund for Promise Academy Spring Hill |
| Fleetwood Foundation Inc. | $42K | 2023 | Promise Academy Hollywood |
| Fleetwood Foundation Inc. | $10K | 2023 | Lavinia travel expenses fund for PASH and PAHW |
| Fleetwood Foundation Inc. | $5K | 2023 | General & Unrestricted |
| Fleetwood Foundation Inc. | $2K | 2023 | Lavinia Group fund, Hollywood |
| Fleetwood Foundation Inc. | $767K | 2022 | General & Unrestricted |
| Fleetwood Foundation Inc. | $767K | 2022 | General & Unrestricted |
| Fleetwood Foundation Inc. | $60K | 2021 | General & Unrestricted |
| Fleetwood Foundation Inc. | $60K | 2021 | General & Unrestricted |
| Fleetwood Foundation Inc. | $60K | 2021 | General & Unrestricted |
| Bill And Crissy Haslam Foundation | $7K | 2021 | SUPPORT FOR TUTORING PROGRAMS |
| Bill And Crissy Haslam Foundation | $7K | 2021 | SUPPORT FOR TUTORING PROGRAMS |
| Bill And Crissy Haslam Foundation | $7K | 2021 | SUPPORT FOR TUTORING PROGRAMS |
| Bill And Crissy Haslam Foundation | $4K | 2021 | GENERAL OPERATING SUPPORT |
| Bill And Crissy Haslam Foundation | $4K | 2021 | GENERAL OPERATING SUPPORT |
| Bill And Crissy Haslam Foundation | $4K | 2021 | GENERAL OPERATING SUPPORT |
| New York Life Foundation | $500 | 2021 | EDUC. GENERAL |
| Bill And Crissy Haslam Foundation | $200 | 2021 | GENERAL OPERATING SUPPORT |
| Bill And Crissy Haslam Foundation | $200 | 2021 | GENERAL OPERATING SUPPORT |
| Bill And Crissy Haslam Foundation | $200 | 2021 | GENERAL OPERATING SUPPORT |
Federal Awards Received
Federal grants and cooperative agreements from USAspending.gov.
| Agency | Program | Amount | Year |
|---|---|---|---|
| Department of Justice | 1 awards totaling $30,028 | $30K | 2024 |
Frequently Asked Questions
What does Promise Academy do?
Promise Academy is a nonprofit organization focused on education, based in MEMPHIS, TN. It is classified under IRC Section 501(c)(03).
Who funds Promise Academy?
Promise Academy has received foundation grants from Fleetwood Foundation Inc., Bill And Crissy Haslam Foundation, New York Life Foundation, and others. It has also received federal awards from Department of Justice.
What is Promise Academy's annual revenue?
Promise Academy reports total assets of $4.2M. Annual income is $5.3M.
Where is Promise Academy located?
Promise Academy is located in MEMPHIS, TN.
Is Promise Academy a 501(c)(3)?
Yes, Promise Academy is a 501(c)(3) tax-exempt organization. Its EIN is 20-1608155. Donations to this organization may be tax-deductible.
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