The Promise Foundation Inc
WILMINGTON, NC EIN: 20-5217323
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$43K
+15.8% YoY
Annual Giving
$6K
+500.0% YoY
Grant Count
6
+500.0% YoY
Avg Grant Size
$1K
+0.0% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $42,685 | $36,847 | $37,655 |
| Revenue | $13,340 | $194 | $1,044 |
| Expenses | $7,502 | $1,002 | $3,406 |
| Qualifying Distributions | $6,000 | $1,000 | $2,500 |
| Net Investment Income | — | $170 | $112 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does The Promise Foundation Inc fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Denise MVincent | President | 2 | — |
| Benjamin Vincent | Vice-Pres. | 1 | — |
| Katherine Nicholas | Secretary | 1 | — |
| Jon T Vincent | Treasurer | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
North Carolina $51K (98%)
Florida $500 (1%)
Tennessee $500 (1%)
Cities
BooneChapel HillElizabethtownFayettevilleMemphisNavassaTampaWilmington
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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