Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
63 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
16 people listed on the 990; $98K paid to officers and key staff.
Madalyn Ciampi’s $98K as Executive Director is at the 82nd percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Madalyn Ciampi | $97,699 | $97,111 | $84,030 | $72,638 | $66,392 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Boosts student college savings, family engagement, and financial literacy to ease higher education costs.
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Providence promise's unique, multi- pronged structure is designed to holistically address the challenges faced by providence students in their pursuit of higher EDUCATION.EARLY enrollment: PARENTS/GUARDIANS enroll their children by the time they enter the public school system, when children from birth to grade nine are ELIGIBLE.COLLEGE…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $154K | $167K |
| InvestmentsLn 11–13 | $27K | $186K |
| Land, buildings, equipmentLn 10c | $4K | $2K |
| Total assetsLn 16 | $482K | $560K |
| LiabilitiesLn 26 | $260K | $399K |
| Net assetsLn 32 | $222K | $162K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $148K | $148K | ||
| Pay of current officers, directors and key staffLn 5 | $99K | $52K | $24K | $23K |
| Other salaries and wagesLn 7 | $357K | $182K | $89K | $86K |
| Pension plan contributionsLn 8 | $9K | $6K | $2K | $2K |
| Other employee benefitsLn 9 | $36K | $24K | $6K | $6K |
| Payroll taxesLn 10 | $48K | $32K | $8K | $8K |
| Accounting feesLn 11c | $16K | $16K | ||
| Other fees for servicesLn 11g | $2K | $1K | $279 | $279 |
| Advertising and promotionLn 12 | $5K | $4K | $514 | |
| Office expensesLn 13 | $48K | $31K | $8K | $9K |
| Information technologyLn 14 | $6K | $4K | $951 | $1K |
| OccupancyLn 16 | $52K | $35K | $9K | $9K |
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | ||
| InsuranceLn 23 | $5K | $3K | $748 | $832 |
| Other expenses (24a–d)Ln 24 | $22K | $14K | $7K | |
| Total functional expensesLn 25 | $855K | $536K | $166K | $153K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $784K | $855K | −$72K | $162K | 990 PDF |
| FY2024 | $811K | $983K | −$172K | $222K | 990 PDF |
| FY2023 | $819K | $812K | $7K | $392K | 990 PDF |
| FY2022 | $632K | $486K | $146K | $385K | 990 PDF |
| FY2021 | $453K | $325K | $128K | $239K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $783,915 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, 2 to look at
Part VIII · Statement of revenue $783,915 across 8 lines filed
Part IX · Statement of functional expenses $855,447 across 15 lines filed
Part X · Balance sheet $560,099 assets, 16 lines filed
Part XI · Reconciliation of net assets $161,517 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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