Philanthropy, Voluntarism, and Grantmaking

Peoria Promise Foundation

  • Peoria, IL
  • www.peoriapromise.org

Mission Statement

Support economic development by increasing the number of City of Peoria high school graduates who complete a college or vocational program, thereby delivering a more skilled workforce for Peoria.

Main Programs

  1. Peoria Promise
Service Areas

Self-reported

Illinois

Resident of Peoria For at least 4 years
Graduate from Peoria Public Feeder High Schools
Manual, Richwoods, Peoria High, Peoria Heights, Peoria Alternative, Peoria Quest, Dunlap, Limestone

Starting Fall 2017, Peoria Promise will be accepting students from ALL Peoria High Schools.

ruling year

2007

President of the Board

Self-reported

Marylean Abney

Keywords

Self-reported

Peoria

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EIN

13-4353454

 Number

6811905839

Contact

Cause Area (NTEE Code)

Fund Raising and/or Fund Distribution (T12)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

During the past six years, Peoria Promise has supported more than 1,600 city of Peoria students by providing $2.6 million dollars in scholarships to pursue an occupational certificate, an associate's degree or transfer coursework at Illinois Central College. Students can receive up to 100% of their tuition fees paid, thereby reducing any financial barriers that may have prevented them from pursuing their dreams of a higher education and a better life.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Peoria Promise

What is Peoria Promise?
• Peoria Promise is a 100% donor-funded scholarship that provides out-of-pocket tuition reimbursement opportunities for qualifying city of Peoria students who successfully complete coursework at Illinois Central College.

What is the purpose of Peoria Promise?
• Peoria Promise operates to the expectations of its board of directors, made up of representatives of its private and corporate donors.
• Peoria Promise aims to encourage and enable continuing education at Illinois Central College for eligible students who are living in the city of Peoria.
• As a result of the facilitation of higher education and skilled trades training, the program will help increase and improve the pool of qualified workers to Peoria businesses.
• Ultimately, Peoria Promise seeks to empower a new generation of workforce and Peoria businesses to prosper in the City of Peoria.

How is Peoria Promise distributed?
• Tuition reimbursement reinforces one’s own investment to his/her education and provides an award for successful completion (grade “C” or better). Out-of-pocket tuition expenses are reimbursed ensuring all other financial aid and grant opportunities have been effectively utilized.
• Eligible students have up to five years immediately following high school graduation to earn up to 64 hours of course credit, whichever comes first.
• The amount of reimbursement is dependent upon a calculated benefit percentage. The benefit percentages were established by following best practices in the field and are based upon liberal standards. Local, state and national averages were thoughtfully reviewed and considered when determining minimum standards to qualify for an award.
• The benefit percentage scale provides an incentive for students to maximize their award by working to optimize school attendance and class completion, academic performance and community involvement. The benefit percent is evaluated each academic year allowing students the opportunity to seek improvement in each applicable area.
• The majority of qualifying students have the opportunity to receive an award of some level and ALL students have the opportunity to work toward maximizing that percent each semester.
• As a partner in Peoria Promise success, Illinois Central College provides student academic counseling, financial aid support and manages each Peoria Promise student account to ensure the appropriate reimbursement is distributed at the conclusion of each semester.

How does one apply for Peoria Promise?
• First, it is important to ensure that the student lives at a qualifying Peoria address and has completed at least three full grades and graduated from a qualifying public school. Only those who meet these minimum requirements can apply for Peoria Promise.
• If the student qualifies to apply, he/she may follow the Application process outlined on peoriapromise.org.
• Critical deadlines: Online application and required documents must be received by March 1; all additional documentation, if applicable, must be received by June 1.

Category

Education

Population(s) Served

General Public/Unspecified

Budget

Charting Impact

Self-reported by organization

Five powerful questions that require reflection about what really matters - results.

  1. What is the organization aiming to accomplish?
    • Peoria Promise aims to encourage and enable continuing education at Illinois Central College for eligible students who are living in the city of Peoria.

    • As a result of the facilitation of higher education and skilled trades training, the program will help increase and improve the pool of qualified workers to Peoria businesses.

    • Ultimately, Peoria Promise seeks to empower a new generation of workforce and Peoria businesses to prosper in the City of Peoria.
  2. What are the organization's key strategies for making this happen?
    • Tuition reimbursement reinforces one's own investment to his/her education and provides an award for successful completion (grade “C" or better). Out-of-pocket tuition expenses are reimbursed ensuring all other financial aid and grant opportunities have been effectively utilized.

    • Eligible students have up to five years immediately following high school graduation to earn up to 64 hours of course credit, whichever comes first.

    • As a partner in Peoria Promise success, Illinois Central College provides student academic counseling, financial aid support and manages each Peoria Promise student account to ensure the appropriate reimbursement is distributed at the conclusion of each semester.
  3. What are the organization's capabilities for doing this?
    This program is made possible by the generous support of corporate and individual donors who believe in the power of education. Absolutely no local, state or federal taxes are collected to fund the scholarships, making these investors pertinent to continued success of the organization, students and community.
  4. How will they know if they are making progress?
    Through memberships with ACT and the National Student Clearinghouse, Peoria Promise will monitor college and career readiness indicators and report educational outcomes, such as institutional transfer activity and earned workforce-readiness credentials (any degree and/or certification), throughout a student's lifetime. This allows the ability to provide measurable outcomes, ensuring donors receive the highest return on investment. Additional benefits include, but are not limited to: increased autonomy; improved accuracy; greater program flexibility; continued fiscal control; further refinement and development of policies; strategic, healthy, manageable program development; and increased long-term sustainability.
  5. What have and haven't they accomplished so far?
    The majority of “Promise" organizations across the country were founded by multi-million endowments from primary donors, guaranteeing the financial resources needed to continue their program into perpetuity. On the contrary, Peoria Promise was created by the sheer will-power of several local leaders whose goal was to make Peoria a better place -- for those who live here now and for those who will choose to make Peoria their future home. Foundation requirements of PPF will include increasing financial support and continued assessment of effective policies and procedures to ensure the dreams of the founding members, and the students we support, will be realized.
Service Areas

Self-reported

Illinois

Resident of Peoria For at least 4 years
Graduate from Peoria Public Feeder High Schools
Manual, Richwoods, Peoria High, Peoria Heights, Peoria Alternative, Peoria Quest, Dunlap, Limestone

Starting Fall 2017, Peoria Promise will be accepting students from ALL Peoria High Schools.

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

PEORIA PROMISE FOUNDATION
Fiscal year: Jan 01-Dec 31
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

Peoria Promise Foundation

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2014, 2013 and 2012
  • Board Chair
  • Access to the GuideStar Community
Need the ability to download nonprofit data and more advanced search options? Consider a Premium or Pro Search subscription.

President of the Board

Marylean Abney

Governance

BOARD CHAIR

Jim Ardis

City of Peoria Mayor

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization

Yes

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Yes

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?


ORGANIZATIONAL DEMOGRAPHICS

In order to support nonprofits and gain valuable insight for the sector, GuideStar worked with D5—a five-year initiative to advance diversity, equity, and inclusion in philanthropy—in creating a questionnaire. This section is a voluntary questionnaire that empowers organizations to share information on the demographics of who works in and leads organizations. To protect the identity of individuals, we do not display sexual orientation or disability information for organizations with fewer than 15 staff. Any values displayed in this section are percentages of the total number of individuals in each category (e.g. 20% of all Board members for X organization are female).

Gender
Race & Ethnicity
Sexual Orientation

We do not display sexual orientation information for organizations with fewer than 15 staff.

Disability

We do not display disability information for organizations with fewer than 15 staff.

Diversity Strategies
No
We track retention of staff, board, and volunteers across demographic categories
No
We track income levels of staff, senior staff, and board across demographic categories
No
We track the age of staff, senior staff, and board
No
We track the diversity of vendors (e.g., consultants, professional service firms)
No
We have a diversity committee in place
No
We have a diversity manager in place
No
We have a diversity plan
No
We use other methods to support diversity