Promise A Future Inc
Promise A Future Inc is a private foundation focused on Education, based in Grapevine, TX. IRS filing data is available from 2022 through 2023. As of 2023, the organization holds $19K in total assets. In 2023, it awarded 1 grant totaling $15K. Net investment income was $71.
Promise A Future Inc at a glance
In short: Promise A Future Inc gave $15K across 1 grant in 2023 (avg $15K). Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $14,943
- +138.9% vs 2022
- Grants made (2023)
- 1
- +0.0% vs 2022
- Average grant
- $14,943
- +138.9% vs 2022
- Median grant
- $14,943
- Total assets
- $18,986
- +95.9% vs 2022
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Promise A Future Inc funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
How Promise A Future Inc gives
- In 2022 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2023, annual grant giving ranged from $6K (2022) to $15K (2023). In 2023 it made 1 grant totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $14,943 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | $18,986 | $27,630 | $18,334 | $14,943 | 1 | $18,334 | $71 | — |
| 2022 | $9,690 | $17,074 | $7,384 | $6,254 | 1 | $7,384 | $47 | $393 |
Leadership & Key People
Officers and directors from IRS filings
Promise A Future Inc is led by Prasanta Behera, President on every filing since 2022; none of the 4 officers listed in 2023 report compensation.
Officers on the 2023 filing
Prasanta Behera
President
On filings since 2022
4 hrs/week
No compensation reported
Arundhati Dash
Vice President
On filings since 2022
4 hrs/week
No compensation reported
Gagan Acharya
Secretary
On filings since 2022
4 hrs/week
No compensation reported
Suvasini Sarangi
Treasurer
On filings since 2022
4 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2023. "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 Promise A Future Inc
How much does Promise A Future Inc give each year?
Promise A Future Inc gave $15K across 1 grant in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $6K across 1 grant.
How large is Promise A Future Inc?
Promise A Future Inc reported $19K in total assets on its 2023 IRS Form 990-PF. Its revenue that year was $28K.
What is Promise A Future Inc?
Promise A Future Inc is a private foundation focused on Education, based in Grapevine, TX. It holds $19K in total assets as of 2023.
What is Promise A Future Inc's EIN?
Promise A Future Inc's EIN (Employer Identification Number) is 88-3333754. IRS Form 990 filing data is available on this page for 2022–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2023
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