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PEORIA PROMISE FOUNDATION

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Public IRS 990 nonprofit record

PEORIA PROMISE FOUNDATION

EIN 13-4353454 · Scholarships & Student Financial Aid (B82)

What they do

THE PEORIA PROMISE FOUNDATION HAS AS ITS PURPOSE to RECEIVE, MANAGE,AND DISTRIBUTE PHILANTHROPIC GIFTS THAT PROVIDE FINANCIAL ASSISTANCE IN THE PAYMENT of TUITION for QUALIFIED STUDENTS ATTENDING ILLINOIS CENTRAL COLLEGE and THE PAYMENT of RELATED PROMOTIONAL and ADMINISTRATIVE EXPENSES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $52.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

61.92%of revenue went to mission work52.1% of expenses · Program services
$118.76spent for every $100 of revenueSpending was higher than revenue this year.
56.84%of revenue went to management and office costs47.9% of expenses
$1.32in assets for every $1 spent this yearSome assets cannot be spent right away.
89.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $67,660 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$360,694
Mission workProgram services$223,35361.92% of revenue52.1% of expenses
ManagementOffice and general costs$205,00156.84% of revenue47.9% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$428,354118.76% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 52.1% mission · 47.9% management · 0.0% fundraisingTotal expenses: 118.76% of revenue
2023Expense mix: 64.2% mission · 35.8% management · 0.0% fundraisingTotal expenses: 100.04% of revenue
2022Expense mix: 66.3% mission · 33.7% management · 0.0% fundraisingTotal expenses: 87.72% of revenue
2021Expense mix: 68.1% mission · 31.9% management · 0.0% fundraisingTotal expenses: 83.24% of revenue
2020Expense mix: 78.1% mission · 21.9% management · 0.0% fundraisingTotal expenses: 88.67% of revenue
2019Expense mix: 77.7% mission · 22.3% management · 0.0% fundraisingTotal expenses: 123.20% of revenue
2018Expense mix: 76.5% mission · 23.5% management · 0.0% fundraisingTotal expenses: 97.54% of revenue
2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 123.64% of revenue

Money in and money out

Revenue$360,694
Expenses$428,354
Annual shortfall $67,660 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$223,353 · 52.1% of expenses
Management and office costs$205,001 · 47.9% of expenses
See all reported dollar amounts
Revenue$360,694
Expenses$428,354
Assets$566,999
Income$430,775
Contributions$321,172
Mission work (program services)$223,353
Grants given$671,370
Average grant$335,685
Management and general$205,001
Stocks and bonds$300,663
Accounting fees$6,030
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (18)

LANE ALSTERBOARD SECRETARY

TARA GERSTNERBOARD MEMBER

SHERI LAMIEBOARD MEMBER

ROB BELLBOARD MEMBER

RHONDA MILBURNBOARD MEMBER

PAUL A BEIERSDORFBOARD MEMBER

NICHOLAS BAKERBOARD MEMBER

MIKE GUDATBOARD MEMBER

LAURA SUTTERBOARD VICE PRESIDENT

ANDRE ALLENBOARD MEMBER

KYLE SMITHBOARD MEMBER

KIRAN VELPULABOARD MEMBER

JIMMY DILLONBOARD PRESIDENT

JAMES ARDISCHAIRMAN OF THE BOARD

GLENN ROSSBOARD MEMBER

EVAN THOMASBOARD MEMBER

EMILY VALERIOTREASURER

ARNITRIA SHAWBOARD MEMBER

About this charity

Recognized since
January 2007
Location
PO BOX 10226, PEORIA, IL 61612-0226
County
Peoria
In care of
% KENNETH ZIKA
Primary officer
Jimmy Dillon, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
GINOLI & COMPANY LTD CPAS
NTEE classification
Scholarships & Student Financial Aid (B82)
IRS tax category
Scholarships & Student Financial Aid
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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