Public Charity

RUSSELL A PLACE OF PROMISE

RUSSELL A PLACE OF PROMISE, of LOUISVILLE, KY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $3.2M in revenue, $728K in expenses, $4.3M in total assets. 1 publicly reported grants to this organization, totaling roughly $27K, appear in IRS filings.

EIN: 991184042 LOUISVILLE, KY Community & Neighborhood Development NTEE: S20 Latest filing: 2025
Total Revenue$3.2M
Total Expenses$728K
Total Assets$4.3M
Grant Records1
Funding Total$27K
Filing Years2024–2025

Mission

TO INVEST IN THE PEOPLE AND PLACES OF LOUISVILLE'S HISTORICALLY BLACK RUSSELL NEIGHBORHOOD WITH THE GOAL OF BUILDING PATHWAYS FOR RESIDENT LEADERSHIP AND WEALTH CREATION FOR NEIGHBORHOOD RESIDENTS AND BLACK FAMILIES, AND TO PROTECT RESIDENTS, BUSINESSES AND COMMUNITY INSTITUTIONS FROM RESIDENT DISPLACEMENT.

Where $100 goes at Russell a Place of Promise

How Russell a Place of Promise divides every $100 it spends, from its own Form 990 filings, averaged across 2 years.

$61 Programs the work itself
$39 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $61 for programs

$39
Russell a Place of Promise (rpop) is incorporated as a community land trust
63% of program spending
$11
Campus development at a 5-acre property that rpop will acquire from Louisville metro government
About 19% (cost not reported)
$11
Rpop provided a $100,000 subgrant to the center for entrepreneurship in providing coaching and direct technical assistance to black business owners and entrepreneurs
18% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

SECRETARY, GOVERNANCE COMMITTEE CHAIR Antonio Readus
DIRECTOR Beverley Sweeney-Sheppard
CO-EXECUTIVE DIRECTOR Cassandra Webb
TREASURER, FINANCE COMMITTEE CHAIR Charika Hughes
DIRECTOR Charlene Kimbro
DIRECTOR Dr Gaberiel Jones

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$27,171 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $3.2M $728K $4.3M
2024 — — $1.8M

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

See the full picture for RUSSELL A PLACE OF PROMISE

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