Poetry Promise Inc

Nonprofit profile at a glance

EIN
812933840
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Las Vegas, NV, USA
Phone
7022057100
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Humanities Organizations

Reported finances

Revenue
$43,925
Expenses
$36,918
Assets
$14,968
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • BRUCE ISAACSON (Board Chair Treasurer)
  • ALMA R MENDOZA (Secretary Director)
  • CHRIS GIUNCHIGLIANI (Director)

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

Promoting poetry & literary arts - See Schedule O

What it reported doing in 2024

Our Poets in the Schools program provides working poets to lead writing workshops for students and other learners in classrooms, after-care centers, community centers, and other public spaces. We provided 169 hours of instruction this fiscal year, serving over 2,000 students. These programs can change the lives of young people and are highly regarded in our community. Our grant funding was reduced in this fiscal year. Programs are open to the public and free of charge to participants. We strive to raise the level of interest and professionalism in the literary arts primarily in Clark County, Nevada and believe we are having a positive impact.

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

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 100
  • Sustainability: 49
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.4%; rating input score 71
  • Program expense ratio: 84.9%; rating input score 85

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: 16%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.41; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 1.2%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 41.5% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: -56.2% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 10.6% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: 71.4% of revenue deployed · 84.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 5 filed program accomplishments · $31K in reported program spending
  • 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
  • Money network: 2 filed money-flow records
  • 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 — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.