Papa's Promise Inc
Papa's Promise Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in Boston, MA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 1 grant totaling $25K. Net investment income was $25K.
Key facts about Papa's Promise Inc
- EIN
- 92-2743982
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $25,000
- Grants made (2024)
- 1
- Average grant
- $25,000
- Median grant
- $25,000
- Total assets
- $1,081,109
- Primary geography
- New Hampshire (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Papa's Promise Inc gives
- In 2024 it paid out 47% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Papa's Promise Inc
- How to evaluate Papa's Promise Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-0.0% YoY
Annual Giving
$25K
Grant Count
1
Avg Grant Size
$25K
Under IRS private-foundation payout rules, Papa's Promise Inc reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.
About Papa's Promise Inc
Based on IRS filings
Papa's Promise Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in Boston, MA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 1 grant totaling $25K. Net investment income was $25K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $1,081,109 | $1,081,213 |
| Revenue | $39,966 | $1,081,213 |
| Expenses | $40,070 | $30,085 |
| Qualifying Distributions | $25,000 | — |
| Net Investment Income | $24,896 | — |
| Distributable Amount | $53,675 | $6,488 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
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 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Lakes Region Visiting Nurse Association ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LAKES REGION VISITING NURSE ASSOCIATION Meredith, NH | DEMENTIA PATIENT CARE | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Robert Ciardi | President, Treasurer, Clerk & Board ME | 1 | — |
| Timothy Reynolds MD | Board Member | — | — |
| Bo Machado MD | Board Member | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Papa's Promise Inc?
Papa's Promise Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in Boston, MA. It holds $1.1M in total assets as of 2024.
How large is Papa's Promise Inc?
As of 2024, Papa's Promise Inc holds $1.1M in total assets with $40K in annual revenue. It awarded 1 grant totaling $25K in 2024.
Where does Papa's Promise Inc operate?
Papa's Promise Inc has awarded grants in New Hampshire.
What size grants does Papa's Promise Inc award?
In 2024, Papa's Promise Inc awarded 1 grant totaling $25K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Papa's Promise Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Papa's Promise Inc reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Papa's Promise Inc's EIN?
Papa's Promise Inc's EIN (Employer Identification Number) is 92-2743982. IRS Form 990 filing data is available on this page for 2023–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.