LIBERTY'S PROMISE

EIN: 270058022 501(c)(3) Human Services

ALEXANDRIA, VA

Total Revenue
$1,165,798
Total Expenses
$1,180,799
Total Assets
$1,113,480
Net Assets
$855,626
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
VA
Principal Officer
ROBERT PONICHTERA
Phone
7035499950
Tax Period
2023-01-01 to 2023-12-31

LIBERTY'S PROMISE, founded in 2003, is a small nonprofit in the Human Services sector that reported $896K in total revenue in fiscal year 2018.

Mission

LIBERTY'S PROMISE SUPPORTS YOUNG IMMIGRANTS IN NEED WHILE ENCOURAGING THEM TO BE ACTIVE AND CONSCIENTIOUS AMERICAN CITIZENS. THE ORGANIZATION'S PROGRAMS AIM TO MAKE THE IMMIGRANT EXPERIENCE AN AFFIRMATIVE ONE FOR YOUNG NEWCOMERS WHILE INSTILLING IN THEM A SENSE OF PRIDE AND SUPPORT FOR AMERICAN IDEALS OF DEMOCRACY AND FREEDOM. BY DOING SO, LIBERTY'S PROMISE SEEKS TO REAFFIRM THIS COUNTRY'S FUNDAMENTAL EGALITARIAN AND DEMOCRATIC TRADITIONS FOR FUTURE GENERATIONS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,160,638
Program Service Revenue $0
Investment Income $2,098
Other Revenue $3,062
TOTAL REVENUE $1,165,798

Expense Breakdown

Grants Paid $0
Salaries & Benefits $842,681
Fundraising Expenses $54,875
Program Expenses $956,545
Other Expenses $338,118
TOTAL EXPENSES $1,180,799

Year-over-Year Comparison

2023 2022 Change
Revenue $1,165,798 $1,299,410 -0.1%
Expenses $1,180,799 $1,198,745 0.0%
Net Income $-15,001 $100,665 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
28
Volunteers
60

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$89,167
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT PONICHTERA EXECUTIVE DI 40.00
Officer
$89,167 $0 $89,167
ADRIEL HENRIQUEZ BAIRES TREASURER 1.00
Officer Director
$0 $0 $0
SERGIO CURRO SECRETARY 1.00
Officer Director
$0 $0 $0
LOUISA COAN GREVE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
KRISTA HENDRY BOARD MEMBER 1.00
Director
$0 $0 $0
GREG MCLEAN BOARD MEMBER 1.00
Director
$0 $0 $0
RODGER POTOCKI BOARD MEMBER 1.00
Director
$0 $0 $0
JEN WILK FORMER SECRE 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,165,798 $1,180,799 $1,113,480 $-15,001
2022 $1,299,410 $1,198,745 $1,164,458 $100,665
2021 $1,306,264 $1,003,224 $1,235,221 $303,040
2020 $915,377 $844,084 $807,207 $71,293
2019 $998,467 $912,853 $454,885 $85,614
2018 $896,267 $913,177 $444,618 $-16,910
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