Nonprofit · EIN 35-2519571
PROMISE ACADEMY
Tax-exempt · TYLER, TX 75702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,228,248 | $1,266,272 | -$38,024 | $942,517 | -$3,720 | $946,237 |
| June 30, 2024 | 990 | $902,851 | $1,169,161 | -$266,310 | $988,795 | $3,849 | $984,946 |
| June 30, 2023 | 990 | $971,713 | $1,086,492 | -$114,779 | $1,247,574 | $6,391 | $1,241,183 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,100,646
- Program service revenue
- $93,814
- Investment income
- $33,788
- Net gain from sales of assets
- $8,374
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $59,870
- Other salaries and wages
- $796,314
- Salaries, compensation and benefits (total)
- $916,678
- Professional fundraising fees
- $0
- Accounting fees
- $25,471
- Occupancy
- $87,482
- Travel
- $2,189
- Depreciation
- $5,302
- Program services (functional)
- $642,672
- Management and general (functional)
- $471,139
- Fundraising (functional)
- $152,461
Balance sheet and other
- Total assets, start of year
- $988,795
- Total assets, end of year
- $942,517
- Total liabilities, end of year
- -$3,720
- Net assets, end of year
- $946,237
- Land, buildings and equipment
- $167,425
- Publicly traded securities
- $600,786
- Net assets without donor restrictions
- $946,237
- Gross receipts
- $1,305,704
- Employees
- 37
- Volunteers
- 76
- Year formed
- 2014
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH CUMMING | HEAD OF SCHOOL Trustee or director, Officer | 40 | $59,870 |
| NATE HILL | MEMBER Trustee or director | 2 | $0 |
| CYNTHIA FREEMAN | Member Trustee or director | 2 | $0 |
| CYNTHIA RITER | MEMBER Trustee or director | 2 | $0 |
| JON MOORE | MEMBER Trustee or director | 2 | $0 |
| STEPHANIE SHANKLE | MEMBER Trustee or director | 2 | $0 |
| TAMIKIA BELL | MEMBER Trustee or director | 2 | $0 |
| TREY YARBROUGH | Member Trustee or director | 2 | $0 |
| CARTER DELLENEY | MEMBER Trustee or director | 2 | $0 |
| KELLI LOMAX | President Trustee or director, Officer | 2 | $0 |
| JEANNE-ELIZABETH RAMIREZ | Secretary Trustee or director, Officer | 2 | $0 |
| CATHERINE BANKSTON | MEMBER Trustee or director | 2 | $0 |
| KELLIE POPE | MEMBER Trustee or director | 2 | $0 |
| JOHN MORRISON | Treasurer Trustee or director, Officer | 2 | $0 |
| RICKY GARNER | MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH CUMMING | HEAD OF SCHOOL Trustee or director, Officer | 40 | $53,181 |
| NATE HILL | MEMBER Trustee or director | 2 | $0 |
| CYNTHIA FREEMAN | Member Trustee or director | 2 | $0 |
| MARY BERRY | Member Trustee or director | 2 | $0 |
| CYNTHIA RITER | MEMBER Trustee or director | 2 | $0 |
| JON MOORE | MEMBER Trustee or director | 2 | $0 |
| TREY YARBROUGH | Member Trustee or director | 2 | $0 |
| BRIAN BRANDT | President Trustee or director, Officer | 2 | $0 |
| KELLI LOMAX | MEMBER Trustee or director | 2 | $0 |
| JEANNE-ELIZABETH RAMIREZ | Secretary Trustee or director, Officer | 2 | $0 |
| KELLIE POPE | MEMBER Trustee or director | 2 | $0 |
| JOHN MORRISON | Treasurer Trustee or director, Officer | 2 | $0 |
| RICKY GARNER | MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH CUMMING | HEAD OF SCHOOL Officer | 40 | $49,169 |
| NATE HILL | MEMBER Trustee or director | 2 | $0 |
| CYNTHIA FREEMAN | Member Trustee or director | 2 | $0 |
| MARY BERRY | Member Trustee or director | 2 | $0 |
| CYNTHIA RITER | MEMBER Trustee or director | 2 | $0 |
| JOHN MORRISON | MEMBER Trustee or director | 2 | $0 |
| ALAN CUMMING | MEMBER Trustee or director | 2 | $0 |
| KRISTA WALLACE | Treasurer Trustee or director, Officer | 2 | $0 |
| TREY YARBROUGH | Member Trustee or director | 2 | $0 |
| BRIAN BRANDT | President Trustee or director, Officer | 2 | $0 |
| JEANNE-ELIZABETH RAMIREZ | Secretary Trustee or director, Officer | 2 | $0 |
| IVETTE ZAVARCE | Member Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 504 W 32ND ST, TYLER, TX 75702-1209
- In care of
- % SARAH CUMMING
- Principal officer (990 for 2024)
- SARAH CUMMING, 504 W 32nd St, TYLER, TX 75702
- Signed the 990
- SARAH CUMMING, HEAD OF SCHOOL
- Phone
- (903) 630-7369
- Website
- www.promisetyler.org
- Return prepared by
- Prothro Wilhelmi & Company PLLC
Mission
Promise Academy cultivates wise, creative, and compassionate leaders through exemplary Christ-centered education in North Tyler for the joy of our city and the glory of God.
Program accomplishments
- PROMISE ACADEMY WRAPPED UP OUR TENTH YEAR OF OPERATION GRADUATING OUR FIFTH CLASS OFFIFTH GRADERS. WE HAD 84 STUDENTS ENROLLED AT PROMISE ACADEMY AND LEAD THEM THROUGH CHALLENGING EDUCATION OPPORTUNITIES. WE BELIEVE IN EDUCATING THE WHOLE CHILD AND PROVIDE A SOLID CORE CURRICULUM THAT IS FOCUSED ON EXPLICIT AND SYSTEMATIC PHONICS AND READING COMPREHENSION INSTRUCTION AS WELL AS NUMERACY AND MASTERED MATHEMATICS. THIS IS SUPPORTED AND ENRICHED THROUGH EXPERIMENTAL ACTIVITIES, ARTISTIC ENDEAVORS, AND CHARACTER CULTIVATION AND FORMATION. OVER 90% OF OUR STUDENTS WOULD QUALIFY FOR FREE OR REDUCED LUNCH, AND OVER 90% OF OUR FAMILIES ARE FROM A MINORITY ETHNICITY.Expenses $642,672 · revenue $93,815
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2519571
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $942,517
- Income (IRS master file)
- $1,305,704
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,228,248 | $1,266,272 | $942,517 | XML |
| 990 | June 2024 | $902,851 | $1,169,161 | $988,795 | IRS |
| 990 | June 2023 | $971,713 | $1,086,492 | $1,247,574 | XML |
| 990 | June 2022 | $1,012,585 | $939,087 | $1,347,405 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2519571).
Questions about PROMISE ACADEMY
- What is the EIN of PROMISE ACADEMY?
- The employer identification number (EIN) of PROMISE ACADEMY is 35-2519571.
- Is PROMISE ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to PROMISE ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROMISE ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROMISE ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROMISE ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PROMISE ACADEMY?
- The 990 for the year ended June 30, 2025 names SARAH CUMMING.
- Who are the officers and directors of PROMISE ACADEMY?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $59,870 (SARAH CUMMING, HEAD OF SCHOOL).
- How much revenue does PROMISE ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,228,248, expenses of $1,266,272 and total assets of $942,517 at year end.
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