Hbcu Promise Inc
Nonprofit profile at a glance
- EIN
- 842968970
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Smyrna, GA, USA
- Phone
- 8009710181
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
Reported finances
- Revenue
- $94,701
- Expenses
- $98,861
- Assets
- $1,683
- Liabilities
- $218,415
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- Drew L Cannon MBA (Board Chair)
- Rosezetta Bobo PhD (Vice Chair)
- DeAundr'e Newsome (Secretary -Alumni Board Member)
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
We are an active mentoring organization that works directly with our mentees to remove any barriers and obstacles that could hinder the successful completion of college.
What it reported doing in 2024
The HBCU Promise Inc. continues to fulfill its mission as an active mentoring organization dedicated to removing barriers that hinder African American males from completing college. In 2025, the organization expanded its efforts with the full launch of the HBCU HOPE Initiative, which provides hands-on mentorship, academic support, and access to resources to high school juniors and seniors in Clark County, Nevada. This initiative has become a critical bridge between high school and higher education at an HBCU, ensuring scholars are motivated to graduate and fully equipped to enroll in and complete college at a Historically Black College or University (HBCU). Community Involvement The HBCU Promise Inc. deepened its community engagement by launching the HBCU HOPE Initiative for high-school scholars across the Las Vegas area. The organization: * Partnered with local nonprofits and presented on the power and legacy of HBCUs. * Hosted multiple parent and student meetings, engaging over a dozen families. * Visited several high schools across Nevada to introduce students to HBCU pathways. * Met with local elected representatives and attended community events with scholars. * Participated in Juneteenth Las Vegas 2024 celebrations. * Achieved 100% college advancement among the third cohort of HBCU Promise Scholars, each now a junior on track to graduate within four years.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up. 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: 45
- Transparency & Controls: 82
- Sustainability: 26
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 46.2%; rating input score 46
- Program expense ratio: 44.3%; rating input score 44
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4.4%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 129.78; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -11.6% per year; rating input score 0; 25th percentile among comparable filings
- Revenue growth: 9.5% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: -27.4% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 46.2% of revenue deployed · 44.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $44K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
- Moderate — Financial Efficiency: Program expense ratio scored 44/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.