SE RALEIGH PROMISE INC

RALEIGH, NC, 27610 (919) 746-0900 Est. 2016 EIN 82-0614057
P20 - Human Service Organizations 990 - Public charity return 501(c)(3)
www.serpromise.org

Mission

SOUTHEAST RALEIGH PROMISE IS A LOCAL NONPROFIT WHOSE MISSION IS TO SERVE ALONGSIDE NEIGHBORS, STRATEGIC PARTNERS, AND FUNDERS TO ENSURE THAT SOUTHEAST RALEIGH RESIDENTS HAVE ACCESS TO EQUITABLE OPPORTUNITIES TO GROW, THRIVE, AND PROSPER. TO ADVANCE THIS MISSION, SOUTHEAST RALEIGH PROMISE SERVES AS A COMMUNITY QUARTERBACK LEADING RALEIGH/WAKE COUNTY'S FIRST PURPOSE BUILT COMMUNITIES MODEL, A NATIONAL PLACE-BASED INITIATIVE FOCUSED ON 4 KEY PILLARS: ECONOMIC VITALITY, MIXED-INCOME HOUSING, CRADLE TO CAREER EDUCATION, AND HEALTH AND COMMUNITY WELLNESS.

Giving Portfolio

Total Grants
2
Total Giving
$1.8M
Recipients
2
Years Active
2019 - 2020
Avg grant: $906,000 Median: $906,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20201$12K $12K10
20191$1.8M $1.8M10

Sectors Funded

Human Services
1

Top States

North Carolina
2

Grantee Size Profile

Over $50M
1

Top Grantees

WAKE COUNTY PUBLIC SCHOOL SYSTEM
NC
$12K

Grants Awarded · 1 grants

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Financials

Total Revenue
$1,433,384
Total Expenses
$1,325,518
Net Assets
$1,758,113
20 employees 12 volunteers
From latest filing (tax period ending 2025-12-31)

Financial Health

Operating Reserve
15.9 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 3.1%
Expenses ↑ 20.0%
Revenue Sources
Contributions 92.6% Earned revenue 6.0% Investment 1.4%
Expense Breakdown
Program 64.5% Management 22.9% Fundraising 12.6%

Officers & Trustees (13)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2025 990 - Public charity return
Jan 1, 2025 to Dec 31, 2025
$1,433,384 ↓$1,325,518$1,758,113
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$1,479,848 ↓$1,104,317$1,802,742
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$1,636,950 ↑$864,907$1,427,211
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$897,754 ↑$828,654$650,532
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$409,713 ↓$475,342$464,266
2019 990 - Public charity return
Jan 1, 2019 to Dec 31, 2019
$2,645,699 ↑$2,162,704$508,974
2018 990-EZ - Short-form return
Jan 1, 2018 to Dec 31, 2018
$187,915 $235,407$30,981

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EIN: 82-0614057 · Source: IRS Form 990 e-file data