Public Charity

SE RALEIGH PROMISE INC

SE RALEIGH PROMISE INC is a Public Charity headquartered in RALEIGH, NC. Financial data from the 2024 filing: $1.5M revenue, $1.1M expenses, $2.9M total assets. 33 publicly reported grants to this organization, totaling roughly $5.1M, appear in IRS filings.

EIN: 820614057 RALEIGH, NC Latest filing: 2024
Total Revenue$1.5M
Total Expenses$1.1M
Total Assets$2.9M
Grant Records33
Funding Total$5.1M
Filing Years2019–2024

Mission

SOUTHEAST RALEIGH PROMISE IS A LOCAL NONPROFIT WHOSE MISSION IS TO SERVE ALONGSIDE NEIGHBORS, STRATEGIC PARTNERS, AND FUNDERS TO ENSURE THAT SOUTHEAST RALEIGH RESIDENTS HAVE ACCESS TO EQUITABLE OPPORTUNITIES TO GROW, THRIVE, AND PROSPER. TO ADVANCE THIS MISSION, SOUTHEAST RALEIGH PROMISE SERVES AS A COMMUNITY QUARTERBACK LEADING RALEIGH/WAKE COUNTY'S FIRST PURPOSE BUILT COMMUNITIES MODEL, A NATIONAL PLACE-BASED INITIATIVE FOCUSED ON 4 KEY PILLARS: ECONOMIC VITALITY, MIXED-INCOME HOUSING, CRADLE TO CAREER EDUCATION, AND HEALTH AND COMMUNITY WELLNESS.

Officers & Directors

IMMEDIATE PA Asa Fleming
VICE TREASUR Astrid Taylor
SECRETARY Barry Malone
CHAIR Ben Young
VICE TREASUR Crawford Crenshaw
DIRECTOR Dr Elena Ashburn

Officer compensation and complete director data available with membership.

Top Grant Purposes

HUMAN SERVICES
$2,541,000 3 grants
COMMUNITY IMPROVEMENT & ECONOMIC DEVELOPMENT
$800,439 1 grant
EQT GRANT
$490,472 1 grant
GENERAL SUPPORT
$295,576 8 grants
PUBLIC & SOCIETAL BENEFIT
$219,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $1.5M $1.1M $2.9M
2023 $1.6M $865K $1.6M
2022 $898K $829K $778K
2020 $410K $475K $1.0M
2019 $2.6M $2.2M $510K

Between 2019 and 2024, reported annual revenue declined from $2.6M to $1.5M (-44%), with total assets most recently reported at $2.9M.

Interactive year-over-year charts and full filing details available with membership.

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