The Charleston Promise Neighborhood

EIN: 800597710 501(c)(3) Education

Charleston, SC

Total Revenue
$1,212,398
Total Expenses
$1,223,942
Total Assets
$1,835,276
Net Assets
$1,771,708
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
SC
Principal Officer
Sherrie C Snipes-William
Phone
8436476209
Tax Period
2024-07-01 to 2025-06-30

The Charleston Promise Neighborhood, founded in 2010, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

To provide and facilitate comprehensive programs and services that support children, strengthen families, and mobilize residents to action.

Program Service Accomplishments

Program 1
Expenses: $556,143

Expanded Learning Time ProgramsOur afterschool programs operate Monday through Friday and use innovative techniques to close the achievement gap for approximately 200 students in grades pre-k through...

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Expanded Learning Time ProgramsOur afterschool programs operate Monday through Friday and use innovative techniques to close the achievement gap for approximately 200 students in grades pre-k through fifth. During the academic block, certified teachers work with small groups of students to support them in the completion of their homework and practice skills learned in school day lessons. During the extracurricular enrichment block, students participate in activities that increase fine motor skills, broaden stem skills, and expose them to all forms of art. The summer programs serve about 300 students and include small group learning, extracurricular enrichment and field trips. (Continued on Schedule O)Students in these programs demonstrate fewer behavioral incidences and improved attendance and academic performance compared to their peers.

Program 2
Expenses: $124,766

Community and Parent Engagement and Workforce Development Family Engagement Nights are a major part of our efforts to connect families, promote educational engagement, and foster a sense of...

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Community and Parent Engagement and Workforce Development Family Engagement Nights are a major part of our efforts to connect families, promote educational engagement, and foster a sense of community. These nights are designed to bring families together in a fun, educational environment that supports both learning and relationship building. Other family engagement events include literacy programs that support reading and comprehension, as well as special evenings like CPN Night at the Aquarium, where families explore marine life and conservation in an interactive, engaging way. Each event includes a warm meal provided by CPN, ensuring that families can relax, connect, and learn together. (Continued on Schedule O)We are committed to ensuring that neighborhood residents play an active role in community decision-making. Through its Community Engagement Council, we regularly bring together residents to plan engagement strategies, discuss community priorities, and gather feedback on important issues. The council's efforts are complemented by our work with Neighborhood Association presidents, who help increase meeting attendance and keep residents informed of local challenges and developments. This structured approach to engagement helps foster a connected, proactive community and ensures that residents' voices are at the heart of our initiatives. Our Workforce Development initiatives empower both students and adults to achieve long-term success. Middle schoolers gain mentorship, leadership training, life skills, and career exposure to prepare them for future opportunities, while adult residents receive career readiness support, job connections, and resource navigation to overcome barriers such as childcare, transportation, and financial stability. Together, these programs build confidence, open pathways, and strengthen the community.

Program 3
Expenses: $146,729

School Day Initiatives We provide targeted support to principals at some of the toughest schools in the state. By aligning with school leaders' visions, CPN provides targeted funding and resources...

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School Day Initiatives We provide targeted support to principals at some of the toughest schools in the state. By aligning with school leaders' visions, CPN provides targeted funding and resources that strengthen teacher retention, expand professional development opportunities, and enhance curriculum to meet students' needs. This support allows schools to attract and retain high- quality educators, foster innovative teaching practices, and build a culture of continuous improvement. Beyond the classroom, CPN partners with principals and staff to implement schoolwide turnaround strategies that address both academic and social-emotional learning, ensuring students are supported holistically. (Continued on Schedule O)Together, these efforts create sustainable change that improves student achievement, strengthens family engagement, and builds thriving school communities.

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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 $1,169,153
Program Service Revenue $0
Investment Income $43,245
Other Revenue $0
TOTAL REVENUE $1,212,398

Expense Breakdown

Grants Paid $0
Salaries & Benefits $667,398
Fundraising Expenses $156,233
Program Expenses $956,752
Other Expenses $556,544
TOTAL EXPENSES $1,223,942

Year-over-Year Comparison

2024 2023 Change
Revenue $1,212,398 $1,364,169 -0.1%
Expenses $1,223,942 $1,452,641 -0.2%
Net Income $-11,544 $-88,472 -0.9%
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
16
Independent Members
16
Employees
12
Volunteers
115

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
$149,890
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Debra Romano Chair 5.00
Officer Director
$0 $0 $0
Clara Fuqua Vice Chair 1.00
Officer Director
$0 $0 $0
R Keith Sauls Treasurer 1.00
Officer Director
$0 $0 $0
Mindy Sturm Secretary 1.00
Officer Director
$0 $0 $0
Monique Brown Term Ended Director 1.00
Director
$0 $0 $0
Dr Kathryn King Term Ended Director 1.00
Director
$0 $0 $0
Kellye McKenzie Director 1.00
Director
$0 $0 $0
David White Jr Director 1.00
Director
$0 $0 $0
Dr LaQuandra Brown Term Ended Director 1.00
Director
$0 $0 $0
Kevin Simmons Director 1.00
Director
$0 $0 $0
Robert Wehrman Term Ended Director 1.00
Director
$0 $0 $0
Michelle Simmons Director 1.00
Director
$0 $0 $0
Marvin Pendarvis Director 1.00
Director
$0 $0 $0
Elizabeth Colbert-Busch Director 1.00
Director
$0 $0 $0
Dr Kathi Love Director 1.00
Director
$0 $0 $0
Jonathan Johnson Director 1.00
Director
$0 $0 $0
Henry Darby Director 1.00
Director
$0 $0 $0
Michael Jackson Director 1.00
Director
$0 $0 $0
Claire Anne MacGeorge MD Director 1.00
Director
$0 $0 $0
Jenni McCarty Director 1.00
Director
$0 $0 $0
Sherrie C Snipes-Williams CEO 40.00
Officer
$143,892 $5,998 $149,890
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 $1,212,398 $1,223,942 $1,835,276 $-11,544
2024 $1,364,169 $1,452,641 $1,921,513 $-88,472
2023 $1,440,824 $1,458,719 $1,987,041 $-17,895
2022 $1,672,358 $1,323,901 $2,003,148 $348,457
2021 $1,090,910 $909,460 $1,656,897 $181,450
2020 $1,201,517 $1,267,960 $1,464,452 $-66,443
2019 $1,513,248 $1,408,106 $1,551,528 $105,142
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