Peoria Promise Foundation
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
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.
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Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
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.
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.
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.
What have they accomplished so far and what's next?
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.
Financials
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Operations
The people, governance practices, and partners that make the organization tick.
Connect with nonprofit leaders
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Connect with nonprofit leaders
SubscribeBuild relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.
Peoria Promise Foundation
Board of directorsas of 07/21/2016
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.
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Board orientation and 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? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes