Queen City Promise
Nonprofit profile at a glance
- EIN
- 843321648
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025
- Location
- Plainfield, NJ, USA
- Phone
- 9083239520
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Private Independent Foundations
Reported finances
- Revenue
- $31,750
- Expenses
- $46,582
- Assets
- $61,869
- Liabilities
- $15,000
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- Jose Carlos Borrego (Board Chair)
- Anthony Byrnes (Treasurer/Secretary)
- Gloria Montelegra (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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization provided scholarships to graduates of the Plainfield Public School District to support postsecondary education in New Jersey. In 2025, we awarded 10 scholarships totaling $35,000. These funds helped reduce financial barriers and support students pursuing college or vocational training.
What it reported doing in 2025
The organization provides scholarships to graduates of Plainfield Public School District to support postsecondary education in New Jersey. In 2025, 10 scholarships of $3,500 were awarded, totaling $35,000.
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 100
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 75.1%; rating input score 75
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -46.7%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 1.33; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 100% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 15.9% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 36.6% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 75.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $35K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Sustainability: Operating margin scored 13/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.