Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 92-3343656

PROMISE SCHOOL

Tax-exempt · DANIEL ISLAND, SC 29492

Financials

$181K$427K2023
Revenue Expenses · by fiscal year end
Financials of PROMISE SCHOOL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$180,599$426,534-$245,935$19,931$265,866-$245,935
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$125,150
Program service revenue
$87,452
Investment income
-$32,003
Net gain from sales of assets
-$32,175
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$150,055
Salaries, compensation and benefits (total)
$150,055
Professional fundraising fees
$0
Legal fees
$11,490
Occupancy
$160,230
Travel
$898
Program services (functional)
$426,534

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$19,931
Total liabilities, end of year
$265,866
Net assets, end of year
-$245,935
Land, buildings and equipment
$14,420
Net assets without donor restrictions
-$245,935
Gross receipts
$212,774
Employees
0
Volunteers
0
Year formed
2023
State of legal domicile
SC

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
DANIEL D'ORAZIOPRESIDENT & TREASURER
Trustee or director
3.75$0
BRANDIE D'ORAZIOSECRETARY
Trustee or director
80$0

Address and contacts

Address (IRS master file)
186 SEVEN FARMS DR STE F238, DANIEL ISLAND, SC 29492-8510
In care of
% DANIEL DORAZIO
Principal officer (990 for 2023)
DANIEL D'ORAZIO, 2520 JOSIAH STREET, CHARLESTON, SC 29492
Signed the 990
DANIEL D'ORAZIO, DIRECTOR
Phone
(212) 969-4327
Return prepared by
BDO USA

Mission

THE PROMISE SCHOOL (THE SCHOOL) IS A NONPROFIT SCHOOL THAT EDUCATES STUDENTS WITH LANGUAGE-BASED LEARNING DISABILITIES FROM KINDERGARTEN THROUGH 8TH GRADE.

990 for the year ended December 31, 2023

Program accomplishments

  • THE PROMISE SCHOOL OPERATED ITS FIRST SCHOOL YEAR IN 2023. ELEVEN STUDENTS, FOUR IN 4TH GRADE AND SEVEN IN 3RD GRADE, ENROLLED. ALL STUDENTS COMPLETED THE ACADEMIC YEAR. THE STUDENTS RECEIVED HIGHLY SPECIALIZED EDUCATION FOR DYSLEXIA WITH THE ORTON-GILLINGHAM METHODOLOGY, IN ADDITION TO A MULTI-SENSORY LEARNING CURRICULUM FOR OTHER CORE SUBJECTS. TO SUPPORT ADDITIONAL STUDENT DEVELOPMENT, THE SCHOOL ENGAGED ART THERAPISTS, MUSIC THERAPISTS, AND SPECIALIZED INSTRUCTION FOR IMPULSE CONTROL AND SELF-REGULATION. THE PROMISE SCHOOL INVESTED IN ON-GOING PROFESSIONAL DEVELOPMENT FOR ITS STAFF TO ENSURE THEY HAD THE HIGHEST SKILL LEVEL TO EDUCATE DYSLEXIC LEARNERS. THE STAFF ALSO RECEIVED DARKNESS TO LIGHT TRAINING TO ENSURE THE PREVENTION OF CHILD SEXUAL ABUSE, OTHER FORMS OF ABUSE, AND MANDATED REPORTING THE SCHOOL CONDUCTED ITS BASELINE REQUIREMENTS FOR THE FIRST LEVEL OF ACCREDITATION WITH THE SOUTH CAROLINA INDEPENDENT SCHOOL ASSOCIATION
    Expenses $426,534

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
92-3343656
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$19,931
Income (IRS master file)
$212,774

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$180,599$426,534$19,931XML

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 92-3343656).

Questions about PROMISE SCHOOL

What is the EIN of PROMISE SCHOOL?
The employer identification number (EIN) of PROMISE SCHOOL is 92-3343656.
Is PROMISE SCHOOL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to PROMISE SCHOOL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PROMISE SCHOOL 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 SCHOOL due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PROMISE SCHOOL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of PROMISE SCHOOL?
The 990 for the year ended December 31, 2023 names DANIEL D'ORAZIO.
Who are the officers and directors of PROMISE SCHOOL?
The 990 for the year ended December 31, 2023 lists 2 people; 0 received compensation from the organization.
How much revenue does PROMISE SCHOOL have?
On its 990 for the year ended December 31, 2023 it reported revenue of $180,599, expenses of $426,534 and total assets of $19,931 at year end.

Other nonprofits in DANIEL ISLAND

All nonprofits in DANIEL ISLAND · South Carolina · Education