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 grants totaling $15K. Net investment income was $71.
Key facts about Promise A Future Inc
- EIN
- 88-3333754
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $14,943
- Grants made (2023)
- 1
- Average grant
- $14,943
- Median grant
- $14,943
- Total assets
- $18,986
Data from IRS Form 990-PF, 2023; updated April 2026.
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.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$19K
+95.9% YoY
Annual Giving
$15K
+138.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$15K
+138.9% YoY
About Promise A Future Inc
Based on IRS filings
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 grants totaling $15K. Net investment income was $71.
Focus Areas
Ready to take the next step with Promise A Future Inc?
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 |
|---|---|---|
| Total Assets | $18,986 | $9,690 |
| Revenue | $27,630 | $17,074 |
| Expenses | $18,334 | $7,384 |
| Qualifying Distributions | $18,334 | $7,384 |
| Net Investment Income | $71 | $47 |
| Distributable Amount | — | $393 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2023
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 2023
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest recipients include Saheed Yuba Sangha ($14,943).
| Recipient | Purpose | Amount |
|---|---|---|
| Saheed Yuba Sangha | Scholarship Distribution for Visually Impaired students for their education. Saheed Yuba Sangha is an FCRA approved organization under Foreign Exchange rules of India. | $14,943 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2023 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gagan Acharya | Secretary | 4 | — |
| Prasanta Behera | President | 4 | — |
| Arundhati Dash | Vice-President | 4 | — |
| Suvasini Sarangi | Treasurer | 4 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Promise A Future Inc?
As of 2023, Promise A Future Inc holds $19K in total assets with $28K in annual revenue. It awarded 1 grants totaling $15K in 2023.
What size grants does Promise A Future Inc award?
In 2023, Promise A Future Inc awarded 1 grants totaling $15K — an average of about $15K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Promise A Future Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Shell Usa Company Foundation
HOUSTON, TX
Assets
$52.3M
Grants
4,650
Total Given
$16.0M
Texas Instruments Foundation
DALLAS, TX
Assets
$73.0M
Grants
4,484
Total Given
$22.6M
Communities Foundation of Texas Inc
DALLAS, TX
Assets
$1.2B
Grants
2,209
Total Given
$209.2M
Greater Houston Community Foundation
HOUSTON, TX
Assets
$1.1B
Grants
1,724
Total Given
$232.3M
Celanese Foundation
IRVING, TX
Assets
—
Grants
1,423
Total Given
$1.8M
Once Upon a Time Foundation
FORT WORTH, TX
Assets
$276.7M
Grants
1,039
Total Given
$10.7M
Baker Hughes Foundation
HOUSTON, TX
Assets
$2.2M
Grants
990
Total Given
$3.2M
Bnsf Railway Foundation
FORT WORTH, TX
Assets
$1.7M
Grants
920
Total Given
$6.1M
Community Foundation of North Texas (tax
FORT WORTH, TX
Assets
$544.9M
Grants
872
Total Given
$41.3M
The Houston Food Bank
HOUSTON, TX
Assets
$156.8M
Grants
866
Total Given
$282.6M
Michael & Susan Dell Foundation
AUSTIN, TX
Assets
—
Grants
835
Total Given
$164.6M
Laura and John Arnold Foundation
HOUSTON, TX
Assets
$4.8B
Grants
789
Total Given
$193.3M
More Funders in Texas
Data last updated April 2026. Sourced from IRS Form 990-PF filings.