Se Raleigh Promise Inc

Nonprofit profile at a glance

EIN
820614057
IRS 990 coverage
2019–2025
Forms available
Form 990 2025, Form 990-EZ 2018, Form 990-N 2017
Location
Raleigh, NC, USA
Phone
9197460900
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$1,433,384
Expenses
$1,325,518
Assets
$4,849,783
Liabilities
$3,091,670

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • YVETTE HOLMES (CEO)

Highest reported compensation

  • YVETTE HOLMES (CEO): $192,577 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Southeast raleigh promise is a local nonprofit whose mission is to serve alongside neighbors, strategic partners, and funders to ensure that southeast raleigh residents have access to equitable opportunities to grow, thrive, and prosper. To advance this mission, southeast raleigh promise serves as a community quarterback leading raleigh/wake county's first purpose built communities model, a national place-based initiative focused on 4 key pillars: economic vitality, mixed-income housing, cradle to career education, and health and community wellness.

What it reported doing in 2025

In 2025, southeast raleigh promise activities included advancing the development of 25 affordable rental units on 9 city-owned parcels located in southeast raleigh and leveraging resources and partnerships to preserve wealth through homeownership of legacy residents within the promise zone. Se raleigh promise also provided ongoing leadership and support of its first purpose built communities collaboration: the beacon site, is a 32- acre campus home to the ser ymca, ser elementary school, beacon ridge apartments, and beacon point office building. Activities included partnering to support club roar an after-school steam enrichment program offered to 80+ southeast raleigh elementary students; provided service coordination to connect 120 beacon ridge households to services, resources, programs and opportunities focused on improving outcomes across the four pillars; partnered with the ser ymca to support and promote community-wide health events, racial and cultural awareness, and social and emotional well-being and learning; supporting the successful lease-up beacon point. Se raleigh promise also created employment opportunities for high school and college students; created opportunities for historically underutilized business, engaged deeply with the community, led critical conversations, and leveraged partnerships to spur greater investment in southeast raleigh.

Operating model

Revenue model
Donor-supported. 88% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 89
  • Accountability: 90
  • Sustainability: 51
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.2%; rating input score 60
  • Program expense ratio: 64.5%; rating input score 64
  • Fundraising efficiency: $7.95 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: 7.5%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 3.66; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0.64; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 14.5%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: -15.6% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 33.4% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 60.2% of revenue deployed · 64.5% of spending went to programs
  • Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $854K in reported program spending
  • Leadership: top reported pay $193K · 13 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2019 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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: Fundraising efficiency scored 28/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.