Charleston Promise Neighborhood

What it reported doing in 2024

Community and Parent Engagement and Workforce Development Family Engagement Nights are a major part of our efforts to connect families, promote educational engagement, and foster a sense of community. These nights are designed to bring families together in a fun, educational environment that supports both learning and relationship building. Other family engagement events include literacy programs that support reading and comprehension, as well as special evenings like CPN Night at the Aquarium, where families explore marine life and conservation in an interactive, engaging way. Each event includes a warm meal provided by CPN, ensuring that families can relax, connect, and learn together. (Continued on Schedule O)We are committed to ensuring that neighborhood residents play an active role in community decision-making. Through its Community Engagement Council, we regularly bring together residents to plan engagement strategies, discuss community priorities, and gather feedback on important issues. The council's efforts are complemented by our work with Neighborhood Association presidents, who help increase meeting attendance and keep residents informed of local challenges and developments. This structured approach to engagement helps foster a connected, proactive community and ensures that residents' voices are at the heart of our initiatives. Our Workforce Development initiatives empower both students and adults to achieve long-term success. Middle schoolers gain mentorship, leadership training, life skills, and career exposure to prepare them for future opportunities, while adult residents receive career readiness support, job connections, and resource navigation to overcome barriers such as childcare, transportation, and financial stability. Together, these programs build confidence, open pathways, and strengthen the community.

Financial Efficiency

• Mission deployment rate: 79.7%; rating input score 80
• Program expense ratio: 78.2%; rating input score 78
• Fundraising efficiency: $7.48 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -1%; rating input score 33; 33rd percentile among comparable filings
• Total-asset coverage ratio: 1.5; rating input score 56; 56th percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 56; 56th percentile among comparable filings
• Officer compensation ratio: 12.2%; rating input score 30; 30th percentile among comparable filings

Growth

• Program expense growth: 0.5% per year; rating input score 100; 19th percentile among comparable filings
• Revenue growth: 1.2% per year; rating input score 100; 20th percentile among comparable filings
• Asset growth: 4.7% per year; rating input score 100; 37th percentile among comparable filings