2025-05-07T17:47:55-07:00 2024-06-30 990 2023-07-01 811267064 NEW HAVEN PROMISE INC NEWH 2037766473 28 Lincoln Way New Haven CT 06510 Patricia Melton President 2037766473 2024-11-08 1 2023 2025-03-06 01:10:19Z X Patricia Melton 28 Lincoln Way New Haven CT 06510 5281484 0 X www.newhavenpromise.org X 2015 CT To build a culture in the public schools in which students aspire to attend and graduate from college; to provide financial incentives and support for those students; and to facilitate their return to live, work and serve in the greater New Haven community. 8 8 7 41 0 0 5112564 5230172 79750 49598 0 0 2984 1714 5195298 5281484 4135695 4133724 0 0 628706 734944 72240 38000 225017 206906 299592 5043547 5206260 151751 75224 2057306 2236518 26287 130275 2031019 2106243 New Haven Promise works to build a culture in the public schools in which students aspire to attend and graduate from college; to provide financial incentives and support for those students; and to facilitate their return to live, work and serve in the greater New Haven community. 0 0 237937 2500 "TO" - College Access: New Haven Promise fosters a college-going culture among New Haven public school students and motivates students to gain admission to college; informed and educated K-12 students and parents to complete the pledge and senior application of Promise; recruited and served students for summer enrichment programs; connected students with New Haven nonprofit organizations to complete the required community service hours and managed the service tracking system - SERVO.CITY; managed the comprehensive financial literacy campaign through FAFSACT.ORG platform; recruited volunteers to help college-bound students understand college cost, aid packages and admission process etc. 4346510 4133724 40000 "THROUGH" - College Success: New Haven Promise motivates scholars to graduate from college within four years by providing renewable scholarships to cover up to full college tuition, promoting FAFSA completion, leveraging guaranteed institutional aid, recruiting peer leaders and mentors at campuses, and partnering with colleges to ensure full support of Promise scholars. 181037 7098 "BACK NEW HAVEN" - Career and Civic Launch: meets the city and regional needs for a diverse homegrown talent pipeline that strengthens neighborhoods and creates career and leadership opportunities for more than a thousand returned Promise Alumni. New Haven Promise facilitates scholars' return to live, work and participate fully in the greater New Haven community. Hosted internship and career fairs and placed scholars in paid summer internships and entry-level full-time positions in their fields of interest; hosted professional and leadership development workshop series; built and managed scholar resume bank; tracked scholars to live and work in the greater New Haven region after graduation; hosted financial wealth education and homebuyer seminars to discuss wealth building in 20s; connected alumni with mortgage experts, realtors and their peer alumni who have already become homeowners. 0 0 0 4765484 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CT X Patricia Melton 2037766473 28 Lincoln Way New Haven CT 06510 Patricia Melton President 40 X 163001 0 15388 Peter Salovey Board Chair 0.5 X 0 0 0 Justin Elicker Director 0.5 X 0 0 0 William Ginsberg Director 0.5 X 0 0 0 Christopher O'Connor Director 0.5 X 0 0 0 William Terry Brown PhD Director 0.5 X 0 0 0 Nathan Fuerst Director 0.5 X 0 0 0 Dr Judy D Olian Director 0.5 X 0 0 0 Tamar Gendler Director 0.5 X 0 0 0 163001 0 15388 1 0 1 0 0 0 0 0 0 25000 5205172 0 5230172 FAFSACT 611710 2500 2500 0 0 Pennington Fellowship Admin 813211 40000 40000 0 0 Back New Haven Night 561300 7098 7098 0 0 0 0 0 0 49598 0 0 0 0 0 Credit Card Rewards 522390 1714 1714 0 0 0 0 0 0 1714 5281484 51312 0 0 4133724 4133724 0 0 0 0 0 0 231030 129450 12112 89468 0 0 0 0 416852 310757 42496 63599 0 0 0 0 38538 26658 3210 8670 48524 35002 3149 10373 0 0 0 0 7765 0 7765 0 5250 0 5250 0 0 0 0 0 38000 38000 0 0 0 0 16016 0 16016 0 9650 0 7720 1930 41155 5143 35989 23 28779 9258 17290 2231 0 0 0 0 32511 0 32511 0 4438 658 3582 198 0 0 0 0 135647 107466 17656 10525 0 0 0 0 536 0 536 0 2258 0 2258 0 2823 0 2823 0 National Student Clearinghouse 6707 6707 0 0 Government Filing Fees 5166 0 5166 0 Stipend 661 661 0 0 Gift Cards 230 0 230 0 5206260 4765484 215759 225017 1426758 1547529 0 0 625000 646500 0 40000 0 0 0 0 0 0 2500 0 0 0 8472 5983 3048 2489 0 0 0 0 0 0 0 0 0 0 2057306 2236518 26287 87358 0 0 0 42917 0 0 0 0 0 0 0 0 0 0 26287 130275 X 619196 888834 1411823 1217409 2031019 2106243 2057306 2236518 75224 0 0 0 0 0 X X 1 X 1 X 1 0 X 4941492 4837261 5106632 5112564 5230172 25228121 0 0 0 0 0 0 0 0 0 0 0 0 4941492 4837261 5106632 5112564 5230172 25228121 0 25228121 0 0 0 0 0 0 0 0 0 0 0 0 25228121 51312 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 8472 5983 2489 0 0 0 0 2489 X X X X X 1 Vineyard Consulting 4 Hunter Drive Guilford CT 06437 grant research, build professional fundraising operation 0 0 23000 -23000 RBW Strategy LLC 5012 Tothill Drive Olney MD 20832 Grant research, grant writing 0 0 15000 -15000 0 38000 -38000 CT 1 University of Connecticut 438 Whitney Road Unit 1133 Storrs CT 06269 060772160 501(c)(3) 2765113 Scholarship Southern Connecticut State University 501 Crescent St New Haven CT 06515 061363115 501(c)(3) 531853 Scholarship University of New Haven 300 Boston Post Rd West Haven CT 06516 060761704 501(c)(3) 177323 Scholarship Gateway Community College 20 Church St New Haven CT 06510 223135128 501(c)(3) 85105 Scholarship Central Connecticut State University 1615 Stanley St New Britain CT 06050 061303381 501(c)(3) 80289 Scholarship Morgan State University 1700 E Cold Spring Ln Baltimore MD 21251 237089143 501(c)(3) 80000 Scholarship Yale University PO Box 608239 New Haven CT 06520 060646973 501(c)(3) 79188 Scholarship Eastern Connecticut State University 83 Windham St Willimantic CT 06226 061277820 501(c)(3) 63810 Scholarship Quinnipiac University 275 Mt Carmel Ave Hamden CT 06518 060646701 501(c)(3) 60518 Scholarship Albertus Magnus College 700 Prospect St New Haven CT 06511 060646520 501(c)(3) 50955 Scholarship Western Connecticut State University 181 White St Danbury CT 06810 061086725 501(c)(3) 24262 Scholarship Connecticut College 270 Mohegan Ave New London CT 06320 060646587 501(c)(3) 23708 Scholarship Hampton University 200 William R Harvey Way Hampton VA 23668 540505990 501(c)(3) 20000 Scholarship Howard University 2400 6th St NW Washington DC 20059 530204707 501(c)(3) 20000 Scholarship North Carolina A&T State University 1601 E Market St Greensboro NC 27411 582005976 501(c)(3) 20000 Scholarship Spelman College 350 Spelman Ln SW Atlanta GA 30314 580566243 501(c)(3) 20000 Scholarship Wesleyan University 45 Wyllys Ave Middletown CT 06459 060646959 501(c)(3) 14125 Scholarship University of Bridgeport 126 Park Ave Bridgeport CT 06604 060646936 501(c)(3) 6250 Scholarship 18 0 Schedule I, Part I, Line 2 Students must apply for New Haven Promise online and the application form must be authorized by a parent or guardian. Promise reviews grades, attendance, residence, behavior and community service hours, and sends out Letters of Approval to those who meet all the criteria. The qualifiers must sign the FERPA Release Form to accept any Promise benefit and become a Scholar. New Haven Promise receives enrollment status, financial aid information and transcripts of all Scholars for each semester directly from colleges and universities. Promise verifies Scholars' eligibility of funding and calculates individual scholarship amounts. Scholarship grants are disbursed directly to colleges and universities and then credited to student accounts for educational costs, not to exceed the total cost of education, which is determined by each educational institution. X X X X X X 0 0 0 0 0 0 0 0 0 Patricia Melton President 163001 0 0 0 0 0 0 0 15388 0 178389 0 0 0 Form 990, Header, Line B The grant received in June 2024 was adjusted to recognize only the portion applicable to the 2024 fiscal year as revenue. The remaining balance was recorded as deferred revenue under liabilities. Form 990, Part VI, Section B, Line 11b A copy of this Form 990 was provided to the members of the Board of Directors for their review prior to filing. Form 990, Part VI, Section B, Line 12c All employees and board members are required to disclose any conflicts of interest and to notify the Board of Directors of any conflict. Form 990, Part VI, Section B, Line 15 An independent consultant was hired and conducted a comparability study of similar organizations with executive compensation and benefit benchmarks. Form 990, Part VI, Section C, Line 19 The Form 990, the organization's conflict of interest policy and governing documents are available upon request. Form 990, Part XII, Line 2c New Haven Promise Audit Committee convenes to meet with independent auditor after each audit and reports to the board. Filing is not late. Original filing was submitted on time on 11/8/2024. This is an amended filing.