AMERICAN PROMISE INC

EIN: 474608840 Community Improvement

CONCORD, MA

Total Revenue
$4,128,137
Total Expenses
$1,599,776
Total Assets
$3,497,514
Net Assets
$3,364,702
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
JEFF CLEMENTS
Phone
9782546275
Tax Period
2023-01-01 to 2023-12-31

AMERICAN PROMISE INC, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 247% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 61% operating margin.

Mission

AMERICAN PROMISE PROVIDES NONPARTISAN SUPPORT, EXPERTISE, STRATEGY AND LEADERSHIP FOR ALL AMERICANS WHO SEEK TO SUPPORT A CONSTITUTIONAL AMENDMENT ENABLING RESPONSIBLE POLICIES AND PRACTICES WITH RESPECT TO THE ROLE OF MONEY USED TO INFLUENCE ELECTION OUTCOMES. AMERICAN PROMISE AND OUR SUPPORTERS ADVANCE THIS NONPARTISAN CONSTITUTIONAL AMENDMENT EFFORT BY SEEKING ENDORSEMENTS, LEGISLATIVE RESOLUTIONS, STATE BALLOT INITIATIVES, GRASSROOTS AND DIRECT LOBBYING, AND A ULTIMATELY A SUCCESSFUL VOTE BY CONGRESS AND STATE LEGISLATURES TO PASS AND RATIFY THE AMENDMENT.

Program Service Accomplishments

Program 1
Expenses: $989,774

AMERICAN PROMISE, INC. EMPOWERS, INSPIRES, AND MOBILIZES AMERICANS TO WIN THE CAUSE OF OUR TIME: THE FOR OUR FREEDOM AMENDMENT. ONCE THE FOR OUR FREEDOM AMENDMENT IS IN PLACE, CONGRESS AND THE STATES...

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AMERICAN PROMISE, INC. EMPOWERS, INSPIRES, AND MOBILIZES AMERICANS TO WIN THE CAUSE OF OUR TIME: THE FOR OUR FREEDOM AMENDMENT. ONCE THE FOR OUR FREEDOM AMENDMENT IS IN PLACE, CONGRESS AND THE STATES WILL HAVE THE ABILITY TO CREATE REASONABLE SAFEGUARDS ON MONEY IN OUR POLITICAL SYSTEM. THIS HISTORIC REFORM WILL REBALANCE OUR POLITICS AND GOVERNMENT BY PUTTING THE RIGHTS OF INDIVIDUAL CITIZENS AND THE INTERESTS OF THE NATION BEFORE THE PRIVILEGES OF CONCENTRATED MONEY, CORPORATIONS, UNIONS, POLITICAL PARTIES, AND SUPERPACS. AMERICAN PROMISE LEADS THE NON-PARTISAN, FIFTY-STATE CAMPAIGN FOR THE FOR OUR FREEDOM AMENDMENT SO THAT PEOPLE, NOT MONEY, GOVERN AMERICA.(SEE SCHEDULE O)AMERICAN PROMISE, INC. FOCUSES ITS ADVOCACY AND ORGANIZING PROGRAMS IN THE FOLLOWING FIVE AREAS:CITIZEN EMPOWERMENT:AMERICAN PROMISE'S CITIZEN EMPOWERMENT PROGRAMMING FOCUSES ON BUILDING DISTRIBUTED, DECENTRALIZED NETWORKS TO SUPPORT, CONNECT AND AMPLIFY CROSS-PARTISAN LOCAL AND STATE ACTION BY ADVOCATES TO MOVE FORWARD THE FOR OUR FREEDOM AMENDMENT IN STATE AND FEDERAL LEGISLATURES.PLEDGE CAMPAIGN:BY SECURING PLEDGES FROM CANDIDATES FOR OFFICE AND INCUMBENTS TO USE THEIR OFFICE TO WORK FOR THE FOR OUR FREEDOM AMENDMENT, AMERICAN PROMISE IS ABLE TO HOLD ELECTED REPRESENTATIVES TO THEIR WORD, TO ENSURE THAT THEY REPRESENT THE GOOD OF THE COUNTRY AND THE WILL OF THE PEOPLE FOR BIG, REAL REFORM THROUGH THE AMENDMENT, RATHER THAN DO THE BIDDING OF BIG DONORS AND SPECIAL INTERESTS.STATE INITIATIVES:AMERICAN PROMISE PROVIDES LEGAL EXPERTISE, ORGANIZING STRATEGY AND EXECUTION, AND DIRECT LOBBYING SUPPORT FOR STATEWIDE BALLOT CAMPAIGNS AND LOCAL AND STATE RESOLUTIONS CALLING ON CONGRESS TO PROPOSE THE FOR OUR FREEDOM AMENDMENT.CONGRESSIONAL INITIATIVES:AMERICAN PROMISE WORKS WITH DEMOCRATS, REPUBLICANS, AND INDEPENDENT MEMBERS OF CONGRESS TO GROW CROSS-PARTISAN SUPPORT FOR THE FOR OUR FREEDOM AMENDMENT.WEBSITE & ACTION CENTER:AMERICAN PROMISE'S WEBSITE AND ACTION CENTER ARE INTERACTIVE RESOURCES FOR CITIZENS, MEDIA, ORGANIZATIONS, LEGISLATORS AND STAFF FOR EDUCATION, INFORMATION, EVENTS, LEGISLATIVE DEVELOPMENTS, CITIZEN STORY-TELLING, NEWS, OPINION PIECES AND MORE ABOUT THE BACKGROUND AND PROGRESS OF THE FOR OUR FREEDOM AMENDMENT.KEEP THE PROMISE CAMPAIGN:AT THE END OF 2020, THE ORGANIZATION COMPLETED PHASE 1 OF ITS 3 PHASE STRATEGIC PLAN. THE ORGANIZATION BUILT THE FOUNDATION, INCLUDING THE STRATEGY, ORGANIZATIONAL STRUCTURE, LEADERSHIP TEAM, PROGRAMMING, AND CITIZEN PARTICIPATION THAT SET THE STAGE FOR RAPIDLY BUILDING AND EXPANDING THE SKILLS AND ENGAGEMENT OF AMERICANS AS THE ORGANIZATION MOVED INTO PHASE 2.IN 2023, THE THIRD YEAR OF PHASE 2, AMERICAN PROMISE, INC. CONTINUED TO BUILD CAPACITY IN ITS PROGRAMS AND COMMUNICATIONS DEPARTMENTS TO MOBILIZE AND ORGANIZE ITS STATE- AND NATION-WIDE MEMBERSHIP TO BUILD THE POLITICAL WILL, ADVOCACY, AND CAMPAIGNS NECESSARY FOR THE FOR OUR FREEDOM AMENDMENT TO PASS THROUGH CONGRESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,103,193
Program Service Revenue $0
Investment Income $24,667
Other Revenue $277
TOTAL REVENUE $4,128,137

Expense Breakdown

Grants Paid $0
Salaries & Benefits $709,895
Fundraising Expenses $228,625
Program Expenses $989,774
Other Expenses $864,881
TOTAL EXPENSES $1,599,776

Year-over-Year Comparison

2023 2022 Change
Revenue $4,128,137 $1,191,379 +2.5%
Expenses $1,599,776 $1,138,916 +0.4%
Net Income $2,528,361 $52,463 +47.2%
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
29
Volunteers
190

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
$316,125
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF CLEMENTS CEO AND BOARD MEMBER 8.00
Officer Director
$0 $0 $0
JOHN WASS BOARD CHAIR & TREASURER 1.00
Officer Director
$0 $0 $0
DEBRA WINGER BOARD MEMBER 1.00
Director
$0 $0 $0
LEILA BLODGETT BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN ESLER FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
JIM RUBENS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTIAN NOLEN BOARD MEMBER 1.00
Director
$0 $0 $0
ALEXANDER RENARD BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM CORTESE FORMER EXECUTIVE DIRECTOR 16.00
Officer
$29,744 $0 $73,624
BRIAN BOYLE EXECUTIVE DIRECTOR 12.00
Officer
$34,255 $17,111 $129,792
RANDI FEINBERG CHIEF OPERATING OFFICER 15.00
Officer
$38,308 $8,808 $112,709
ELIZABETH HARVEY DIRECTOR OF DEVELOPMENT 16.00
Highest
$58,817 $0 $151,200
JERALD HALLIGAN DIGITAL DIRECTOR 20.00
Highest
$64,204 $0 $127,061
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $4,128,137 $1,599,776 $3,497,514 $2,528,361
2022 $1,191,379 $1,138,916 $869,583 $52,463
2021 $872,520 $723,084 $917,638 $149,436
2020 $955,381 $396,683 $653,922 $558,698
2019 $347,272 $459,593 $396,599 $-112,321
2018 $593,600 $382,295 $553,079 $211,305
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