WATERBURY PROMISE INC

WATERBURY, CT, 06702-1933 (203) 574-6601 Est. 2021 EIN 87-4763561

Form 990 501(c)(3)

Mission

WATERBURY PROMISE, INC. IS A CONNECTICUT CHARITABLE ORGANIZATION DEDICATED TO INCREASING COLLEGE ASPIRATIONS, REDUCING FINANCIAL BARRIERS AND INSPIRING EVERY WATERBURY STUDENT TOWARD POST-SECONDARY EDUCATION AND COMPLETION. THE PROGRAM'S COMPREHENSIVE COLLEGE ACCESS, SUCCESS AND CAREER READINESS MODEL IS CENTERED ON A GENEROUS LAST-DOLLAR SCHOLARSHIP DESIGNED TO BRIDGE THE FINANCIAL GAP AFTER ALL INDIVIDUAL GRANTS, FINANCIAL AID, AND OTHER SCHOLARSHIPS HAVE BEEN APPLIED. EQUALLY IMPORTANT, ARE THE WRAP-AROUND SUPPORT SERVICES AND RESOURCES PROVIDED TO ENSURE STUDENTS PERSIST TO GRADUATION, ARE CAREER READY, AND EARN A LIFE-CHANGING DEGREE. THIS HOLISTIC MODEL FOCUSES ON BREAKING DOWN ALL BARRIERS (FINANCIAL, ACADEMIC, SOCIAL-EMOTIONAL, ETC.) TO POST-SECONDARY EDUCATION AND COMPLETION.

Financials

Total Revenue

$2,350,758

Total Expenses

$1,247,624

Net Assets

$7,150,338

14 volunteers

From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve

5.7 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 12.1%

Expenses ↑ 57.2%

Revenue Sources

Contributions 86.8% Investment 13.1%

Expense Breakdown

Program 71.5% Management 13.0% Fundraising 15.5%

Officers & Key Employees (14)

Sign up free to see all officers. We treat individual compensation with extra care; named amounts are on Grow plans.

Grants Received (3)

Looking for funders for your nonprofit? Sign up free to find foundations open to applications.

Filing History (3 filings)

Year	Revenue	Expenses	Net Assets
2024 Form 990 Jul 1, 2024 to Jun 30, 2025	$2,350,758 ↓	$1,247,624	$7,150,338
2023 Form 990 Jul 1, 2023 to Jun 30, 2024	$2,674,017 ↑	$793,439	$6,046,770
2021 Form 990 Jul 1, 2021 to Jun 30, 2022	$0	$0	$0