AMERICAN PROMISE EDUCATION FUND INC

EIN: 474601462 501(c)(3)

CONCORD, MA

Total Revenue
$3,926,358
Total Expenses
$4,008,114
Total Assets
$2,230,243
Net Assets
$1,220,402
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
JEFF CLEMENTS
Phone
9782546275
Tax Period
2024-01-01 to 2024-12-31

AMERICAN PROMISE EDUCATION FUND INC, founded in 2015, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum.

Mission

TO EDUCATE AND EMPOWER AMERICANS ABOUT THE ESSENTIAL ROLE OF CONSTITUTIONAL AMENDMENTS IN OUR REPUBLICAN DEMOCRACY AND THE IMPORTANCE OF A 28TH AMENDMENT TO ADDRESS THE UNDUE INFLUENCE OF MONEY, CORPORATIONS, UNIONS AND SUPERPACS IN OUR POLITICAL PROCESS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,916,517
Program Service Revenue $0
Investment Income $9,841
Other Revenue $0
TOTAL REVENUE $3,926,358

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,656,142
Fundraising Expenses $529,292
Program Expenses $2,418,839
Other Expenses $1,324,448
TOTAL EXPENSES $4,008,114

Year-over-Year Comparison

2024 2023 Change
Revenue $3,926,358 $2,071,673 +0.9%
Expenses $4,008,114 $2,462,636 +0.6%
Net Income $-81,756 $-390,963 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
48
Volunteers
500

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
$539,366
Total Directors
6
$0
Key Employees
2
$366,647
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH HARVEY CHIEF DEVELOPMENT OFFICER 26.80
Key Emp
$126,848 $180 $189,505
RANDI FEINBERG CHIEF OPERATING OFFICER 26.80
Officer
$107,274 $13,228 $173,338
BRIAN BOYLE CHIEF PROGRAM OFFICER & GENERAL COUNSEL 26.80
Key Emp
$106,180 $18,664 $177,142
ANASTASIA KHOO PRESIDENT 26.80
Officer
$138,460 $10,940 $217,596
JAMES EDWARD DORNAN DIRECTOR OF CONGRESSIONAL AFFAIRS 26.80
Highest
$99,906 $6,138 $155,252
KAITLIN LACASSE DEPUTY DIRECTOR, PROGRAMS & CAMPAIGNS 26.80
Officer
$99,033 $621 $148,432
TRAVIS HARRIS IS DIRECTOR 26.80
Highest
$74,413 $6,684 $117,748
SUSAN GENE ASH HR TALENT DIRECTOR 26.80
Highest
$74,244 $13,212 $124,266
JASON VINCENT ARREDONDO DIRECTOR OF STATE CAMPAIGNS 26.80
Highest
$68,378 $6,133 $108,189
JOHN WASS BOARD CHAIR AND TREASURER 1.00
Officer Director
$0 $0 $0
JEFFREY D CLEMENTS CEO AND BOARD MEMBER 32.00
Officer Director
$0 $0 $0
LEILA BLODGETT BOARD MEMBER 1.00
Director
$0 $0 $0
CHERYL CLYBURN CRAWFORD BOARD MEMBER 1.00
Director
$0 $0 $0
MANU MEEL BOARD MEMBER 1.00
Director
$0 $0 $0
DEBRA WINGER BOARD MEMBER 1.00
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 $3,926,358 $4,008,114 $2,230,243 $-81,756
2023 $2,071,673 $2,462,636 $1,783,290 $-390,963
2022 $1,245,160 $1,726,302 $1,895,485 $-481,142
2021 $2,840,283 $1,282,584 $2,569,752 $1,557,699
2020 $1,177,958 $778,159 $1,116,607 $399,799
2019 $1,093,724 $935,621 $601,230 $158,103
2018 $830,600 $734,123 $510,709 $96,477
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