North Carolina · Nonprofit
SE RALEIGH PROMISE INC
SE RALEIGH PROMISE INC (North Carolina) receives grants from 32 organizations whose IRS filings report $6,512,036 to it, the largest being NORTH CAROLINA COMMUNITY FOUNDATION ($3,729,439). 16 of them have funded it in more than one year, and 65% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $1.4M
- Funders on record
- 32
- Grants received
- $6.5M
- Net assets
- $1.8M
What Se Raleigh Promise Inc does
Mission
Southeast raleigh promise is a local nonprofit whose mission is to serve alongside neighbors, strategic partners, and funders to ensure that southeast raleigh residents have access to equitable opportunities to grow, thrive, and prosper. To advance this mission, southeast raleigh promise serves as a community quarterback leading raleigh/wake county's first purpose built communities model, a national place-based initiative focused on 4 key pillars: economic vitality, mixed-income housing, cradle to career education, and health and community wellness.
As stated on its FY2025 Form 990.
Program
In 2025, southeast raleigh promise activities included advancing the development of 25 affordable rental units on 9 city-owned parcels located in southeast raleigh and leveraging resources and partnerships to preserve wealth through homeownership of legacy residents within the promise zone. Se raleigh promise also provided ongoing leadership and support of its first purpose built communities collaboration: the beacon site, is a 32- acre campus home to the ser ymca, ser elementary school, beacon ridge apartments, and beacon point office building. Activities included partnering to support club roar an after-school steam enrichment program offered to 80+ southeast raleigh elementary students; provided service coordination to connect 120 beacon ridge households to services, resources, programs and opportunities focused on improving outcomes across the four pillars; partnered with the ser ymca to support and promote community-wide health events, racial and cultural awareness, and social and emotional well-being and learning; supporting the successful lease-up beacon point. Se raleigh promise also created employment opportunities for high school and college students; created…
$854,460 spent$85,651 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $854,460.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $2.9M to $4.8M (+69%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 11% · 2022 14% · 2023 10% · 2024 57% · 2025 5%. Grants only. Government contracts and fees sit inside program revenue.
93% of SE RALEIGH PROMISE INC’s revenue is contributions — more donation-reliant than the typical peer (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Yvette Holmes
CEO
Board chair
Ben Young
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2019 → 2023: the base broadened from 3 funders to 9 funders, grant income rose $275k → $437k.
12 of 32 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 65% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of SE RALEIGH PROMISE INC’s funders (the co-funder graph). Top 30 of 32 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
SE RALEIGH PROMISE INC leans on a few funders — its largest provides 57% of grant income and the top three 72%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
80% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SE RALEIGH PROMISE INC.
Largest funder’s share by year: 2019 75% · 2020 87% · 2021 40% · 2022 49% · 2023 50% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
36% of SE RALEIGH PROMISE INC's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
65% of SE RALEIGH PROMISE INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $2.3M that is directly attributable, 56% of it comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $4.2M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
SE RALEIGH PROMISE INC holds deeper cash reserves than three-quarters of the 6,891 human services nonprofits its size.
this organization peer median middle 50% of peers· 6,891 human services nonprofits $1M–$10M, FY2025
Organizations like SE RALEIGH PROMISE INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
64% of spending goes to programs.
Governance
Public support
86%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Se Raleigh Promise Housing LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for SE RALEIGH PROMISE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds SE RALEIGH PROMISE INC?
- SE RALEIGH PROMISE INC (North Carolina) receives grants from 32 organizations whose IRS filings report $6,512,036 to it, the largest being NORTH CAROLINA COMMUNITY FOUNDATION ($3,729,439). 16 of them have funded it in more than one year, and 65% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does SE RALEIGH PROMISE INC have?
- IRS filings report 32 organizations giving $6,512,036 in grants to SE RALEIGH PROMISE INC, 16 of which have funded it in more than one year.
- Who is the largest funder of SE RALEIGH PROMISE INC?
- NORTH CAROLINA COMMUNITY FOUNDATION is the largest funder on record, with $3,729,439 in grants. The full list of funders is on this page.
- How can an organization like SE RALEIGH PROMISE INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 32 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing