Nonprofit · EIN 81-1096615
PROMISE YOUTH DEVELOPMENT INC
Tax-exempt · CHARLOTTE, NC 28212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $352,562 | $339,952 | $12,610 | $176,631 | $39,889 | $136,742 |
| December 31, 2024 | 990 | $284,845 | $265,606 | $19,239 | $124,372 | $240 | $124,132 |
| December 31, 2023 | 990 | $209,535 | $183,854 | $25,681 | $104,893 | $0 | $104,893 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $349,147
- Program service revenue
- $2,129
- Investment income
- $17
- Other revenue
- $1,269
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $178,725
- Salaries, compensation and benefits (total)
- $192,888
- Professional fundraising fees
- $0
- Accounting fees
- $9,462
- Occupancy
- $24,511
- Travel
- $6,086
- Program services (functional)
- $211,709
- Management and general (functional)
- $128,243
Balance sheet and other
- Total assets, start of year
- $124,372
- Total assets, end of year
- $176,631
- Total liabilities, end of year
- $39,889
- Net assets, end of year
- $136,742
- Land, buildings and equipment
- $57,376
- Net assets without donor restrictions
- $136,742
- Gross unrelated business income
- $1,286
- Gross receipts
- $352,562
- Employees
- 6
- Volunteers
- 42
- Year formed
- 2016
- State of legal domicile
- NC
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TESHA BOYD | Executive Director Officer | 60 | $82,885 |
| ANITA BYRUM | Board Chair Trustee or director, Officer | 3 | $0 |
| ANDREW BOYD | Vice Chair Trustee or director, Officer | 3 | $0 |
| JAMES MOORE | Board Member Trustee or director | 3 | $0 |
| STAPHANE JOYNER | Board Member Trustee or director | 3 | $0 |
| YOLONDRA COCHRAN | Secretary Officer | 3 | $0 |
| ERICA WILLIAMS | Treasurer Officer | 3 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TESHA BOYD | Executive Director Officer | 60 | $73,365 |
| ANITA BYRUM | Board Chair Trustee or director, Officer | 3 | $0 |
| ANDREW BOYD | Vice Chair Trustee or director, Officer | 3 | $0 |
| JAMES MOORE | Board Member Trustee or director | 3 | $0 |
| STAPHANE JOYNER | Board Member Trustee or director | 3 | $0 |
| YOLONDRA COCHRAN | Secretary Officer | 3 | $0 |
| ERICA WILLIAMS | Treasurer Officer | 3 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TESHA BOYD | Executive Director Officer | 60 | $73,749 |
| ANITA BYRUM | Board Chair Trustee or director, Officer | 1 | $0 |
| ANDREW BOYD | Vice Chair Trustee or director, Officer | 1 | $0 |
| YOLONDRA COCHRAN | Secretary Trustee or director, Officer | 1 | $0 |
| ROSLYN FAUNTLEROY | Treasurer Trustee or director, Officer | 1 | $0 |
| JAMES MOORE | Board Member Trustee or director, Officer | 1 | $0 |
| ERICA WILLIAMS | Board Member Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5835 EXECUTIVE CENTER DR STE 101 H, CHARLOTTE, NC 28212-8901
- In care of
- % ANITA BYRUM
- Principal officer (990 for 2025)
- Tesha Boyd, 5835 Executive Center Dr Ste 101H, Charlotte, NC 28212
- Signed the 990
- ANITA BYRUM, Board Chair
- Phone
- (704) 750-8118
- 990-N for 2019 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: TESHA BOYD, 15115 Durmast Court, Mint Hill NC 28227. Mailing address: 15115 Durmast Court, Mint Hill NC 28227.
- Return prepared by
- Carol A Reithmiller CPA PLLC
Mission
Help underserved youth in East Charlotte develop optimal health through education, resilience-focused mentoring, education and antiviolence programs.
Program accomplishments
- Youth Programs - mentoring, education, violence prevention, college and career readiness. Provide activities that promote social, emotional and physical health.Expenses $211,709 · grants $306,997 · revenue $349,147
- Summer Camp - Provide summer camp to school-aged kids in the underprivileged communities.Expenses $3,553 · revenue $2,129
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-1096615
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $176,631
- Income (IRS master file)
- $352,562
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $352,562 | $339,952 | $176,631 | XML |
| 990 | December 2024 | $284,845 | $265,606 | $124,372 | IRS |
| 990 | December 2023 | $209,535 | $183,854 | $104,893 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: TESHA BOYD Filed under this EIN, most likely by a chapter or affiliate | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-1096615).
Questions about PROMISE YOUTH DEVELOPMENT INC
- What is the EIN of PROMISE YOUTH DEVELOPMENT INC?
- The employer identification number (EIN) of PROMISE YOUTH DEVELOPMENT INC is 81-1096615.
- Is PROMISE YOUTH DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to PROMISE YOUTH DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROMISE YOUTH DEVELOPMENT INC 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 YOUTH DEVELOPMENT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROMISE YOUTH DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PROMISE YOUTH DEVELOPMENT INC?
- The 990 for the year ended December 31, 2025 names Tesha Boyd.
- Who are the officers and directors of PROMISE YOUTH DEVELOPMENT INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $82,885 (TESHA BOYD, Executive Director).
- How much revenue does PROMISE YOUTH DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $352,562, expenses of $339,952 and total assets of $176,631 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Youth development