El Dorado Promise Inc is a private foundation focused on Education, based in Houston, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $25.6M in total assets. In 2025, it awarded 1 grant totaling $4.9M. Net investment income was $1.6M.
Key facts about El Dorado Promise Inc
In short: El Dorado Promise Inc gave $4.9M across 1 grant in 2025 (avg $4.9M), mostly in Arkansas. Source: 2025 IRS Form 990-PF.
- EIN
- 20-8303418
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $4,883,134
- Grants made (2025)
- 1
- Average grant
- $4,883,134
- Median grant
- $4,883,134
- Total assets
- $25,567,797
- Primary geography
- Arkansas (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$25.6M
-11.5% YoY
Annual Giving
$4.9M
+21.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$4.9M
+21.0% YoY
Under IRS private-foundation payout rules, El Dorado Promise Inc reported a distributable amount of $1.3M for 2025 — the minimum it must pay out in qualifying distributions.
How El Dorado Promise Inc gives
- Giving held roughly steady from 2022 to 2025 (+18%). Method
- In 2025 it paid out 378% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Classes of 2022-2025 Scholarship various, AR | scholarship | $4,883,134 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $25,567,797 | $28,893,418 | $30,561,768 |
| Revenue | $886,171 | $944,563 | $1,063,356 |
| Expenses | $5,133,822 | $4,338,425 | $3,735,203 |
| Qualifying Distributions | $4,883,134 | $4,034,795 | $3,490,796 |
| Net Investment Income | $1,557,513 | $2,366,345 | $2,319,390 |
| Distributable Amount | $1,292,871 | $1,406,460 | $1,568,517 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
Leadership & Key People
Officers and directors from IRS filings
El Dorado Promise Inc is led by Eric M Hambly, President on the 2025 filing; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Eric M Hambly
President
New on the 2025 filing
No compensation reported
Atif Riaz
Vice President
New on the 2025 filing
No compensation reported
Roger Landes
Secretary
New on the 2025 filing
No compensation reported
Former officers (3)
- Former: ET Botner (2020–2024) — Vice President
- Former: JB Gardner (2020–2024) — Vice President
- Former: R W Jenkins (2020–2024) — President
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about El Dorado Promise Inc
How much does El Dorado Promise Inc give each year?
El Dorado Promise Inc gave $4.9M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4.0M across 1 grant.
How large is El Dorado Promise Inc?
El Dorado Promise Inc reported $25.6M in total assets on its 2025 IRS Form 990-PF. It paid out $4.9M in qualifying distributions that year, against a required minimum of $1.3M (roughly 5% of its investment assets).
What is El Dorado Promise Inc?
El Dorado Promise Inc is a private foundation focused on Education, based in Houston, TX. It holds $25.6M in total assets as of 2025.
Where does El Dorado Promise Inc operate?
El Dorado Promise Inc has awarded grants in Arkansas.
What is El Dorado Promise Inc's EIN?
El Dorado Promise Inc's EIN (Employer Identification Number) is 20-8303418. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching El Dorado Promise Inc by hand.
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