Garret's Promise Inc
Nonprofit profile at a glance
- EIN
- 881376209
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- East Quogue, NY, USA
- Phone
- 9146458801
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Counseling, Support Groups
Reported finances
- Revenue
- $28,130
- Expenses
- $11,799
- Assets
- $31,442
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- JAN LEDERMAN (PRESIDENT)
- DEBORAH LEDERMAN (VICE PRESIDENT)
People named in this filing
- RACHEL LEDERMAN (TREASURER)
- JAN LEDERMAN (PRESIDENT)
- DEBORAH LEDERMAN (VICE PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Garret's promise (the organization") is a promise of hope. A promise to help others move forward as they piece together their lives following a traumatic event. A promise to help people suffering because of physical or emotional challenges and to help them reclaim their authenticity.garret's promise will initially partner with spirit's promise, a 501(c)(3) organization founded in 2010 by maria striano. Spirit's promise is dedicated to the rescue of horses and other animals from abuse, slaughterhouses, and from people who can no longer care for these animals.through public funding and by partnering with spirit's promise, garret's promise will be able to bring people together with these neglected animals. Through group therapy with independent counselors as well as one on one counseling people that are in emotional trouble are able to make a connection with these highly sensitive and vulnerable horses.
What it reported doing in 2024
1) helped spirits promise construct the 70 ft enclosed round pen to recognize our purpose above. 2) provided the following therapy programs for well over 500 clients for the following:- grief support groups- special needs programs- private counseling- orphan support- trauma focused care- anxiety & depression
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 80
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 58.1%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 2.66; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -111.7% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -63.1% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 101.1% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.