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Filing year 2024

WATERBURY PROMISE INC

Waterbury, Connecticut·EIN 87-4763561·3
Total revenue
$2.4M
Total assets
$7.2M
Total expenses
$1.2M
Reported officers
14
Mission

WATERBURY PROMISE, INC. IS A CONNECTICUT CHARITABLE ORGANIZATION DEDICATED TO INCREASING COLLEGE ASPIRATIONS, REDUCING FINANCIAL BARRIERS AND INSPIRING EVERY WATERBURY STUDENT TOWARD POST-SECONDARY EDUCATION AND COMPLETION. THE PROGRAM'S COMPREHENSIVE COLLEGE ACCESS, SUCCESS AND CAREER READINESS MODEL IS CENTERED ON A GENEROUS LAST-DOLLAR SCHOLARSHIP DESIGNED TO BRIDGE THE FINANCIAL GAP AFTER ALL INDIVIDUAL GRANTS, FINANCIAL AID, AND OTHER SCHOLARSHIPS HAVE BEEN APPLIED. EQUALLY IMPORTANT, ARE THE WRAP-AROUND SUPPORT SERVICES AND RESOURCES PROVIDED TO ENSURE STUDENTS PERSIST TO GRADUATION, ARE CAREER READY, AND EARN A LIFE-CHANGING DEGREE. THIS HOLISTIC MODEL FOCUSES ON BREAKING DOWN ALL BARRIERS (FINANCIAL, ACADEMIC, SOCIAL-EMOTIONAL, ETC.) TO POST-SECONDARY EDUCATION AND COMPLETION.

Executive compensation

Form 990 · Schedule J · 2 reported individuals · Filing year 2024

Executive Director
$18k
$19k
Director of Development &
$7k
$7k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 12 unpaid individuals.

Down 25%
from 2023

From $24k in 2023 to $18k in 2024.

$24k
2023
$18k
2024
In today's dollarsEst.
Down 27% in real terms$27k to $19k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

WATERBURY PROMISE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.7M
$793k
2023
$2.4M
$1.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
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