Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
KALAMAZOO PROMISE
 
Number and street (or P.O. box number if mail is not delivered to street address)490 WEST SOUTH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
KALAMAZOO, MI49007
A Employer identification number

20-4604504
B Telephone number (see instructions)

(269) 384-0219
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$12,544,387J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 26,336,500
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 218,096 218,096 218,096
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,546,069
b Gross sales price for all assets on line 6a 23,877,904
7 Capital gain net income (from Part IV, line 2)... 23,876,648
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,000 0 3,000
12 Total. Add lines 1 through 11........ 28,103,665 24,094,744 221,096
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 1,663,595 0 0 1,663,595
15 Pension plans, employee benefits....... 453,688 0 0 453,688
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
4,623 0 0 4,623
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
20,900 10,450 0 10,450
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
220,302 0 0 220,302
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
317,017 0 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
196,969 0 196,969
20 Occupancy.............. 43,359 0 0 43,359
21 Travel, conferences, and meetings....... 96,388 0 0 96,388
22 Printing and publications.......... 116,956 0 0 116,956
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,100,314 0 0 21,100,314
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 24,234,111 10,450 196,969 23,709,675
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 24,234,111 10,450 196,969 23,709,675
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,869,554
b Net investment income (if negative, enter -0-) 24,084,294
c Adjusted net income (if negative, enter -0-)... 24,127
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 175,549 234,913 234,913
2 Savings and temporary cash investments......... 15,719 14,393 14,393
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 489 519 519
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,383,505 Click to see attachment
List of Attached Documents:
// Content
10,388,169 		11,811,900
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow1,067,330
Less: accumulated depreciation (attach schedule) right arrow584,668 676,065 Click to see attachment
List of Attached Documents:
// Content
482,662 		482,662
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,251,327 11,120,656 12,544,387
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
512 		Click to see attachment
List of Attached Documents:
// Content
287
23 Total liabilities (add lines 17 through 22)......... 512 287
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 7,250,815 11,120,369
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 7,250,815 11,120,369
30 Total liabilities and net assets/fund balances (see instructions). 7,251,327 11,120,656
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
7,250,815
2
Enter amount from Part I, line 27a .....................
2
3,869,554
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
11,120,369
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
11,120,369
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES D 1976-07-25 2023-01-24
b PUBLICLY TRADED SECURITIES D 1976-07-25 2023-02-10
c PUBLICLY TRADED SECURITIES D 1976-07-25 2023-03-02
d PUBLICLY TRADED SECURITIES D 1976-07-25 2023-03-13
e PUBLICLY TRADED SECURITIES D 1976-07-25 2023-03-23
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-03-30
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-03-31
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-04-20
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-04-24
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-05-05
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-05-19
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-06-01
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-06-16
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-07-06
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-07-10
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-07-24
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-08-02
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-08-07
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-08-21
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-09-07
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-09-22
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-10-11
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-10-20
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-10-25
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-11-13
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-11-17
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-11-30
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-12-08
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-12-13
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-12-20
PUBLICLY TRADED SECURITIES D 1976-07-25 2023-12-28
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 399,085   23 399,062
b 233,819   13 233,806
c 2,111,537   117 2,111,420
d 215,728   12 215,716
e 720,723   38 720,685
2,002,828   105 2,002,723
199,206   10 199,196
2,704,685   137 2,704,548
210,073   10 210,063
824,619   43 824,576
568,929   29 568,900
351,719   19 351,700
249,478   13 249,465
98,393   5 98,388
206,474   10 206,464
562,972   28 562,944
155,720   8 155,712
205,811   11 205,800
277,912   15 277,897
982,660   50 982,610
439,405   22 439,383
397,797   22 397,775
203,663   11 203,652
4,214,193   235 4,213,958
203,415   11 203,404
512,240   26 512,214
3,342,462   169 3,342,293
201,786   10 201,776
202,142   10 202,132
669,356   34 669,322
209,074   10 209,064
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       399,062
b       233,806
c       2,111,420
d       215,716
e       720,685
      2,002,723
      199,196
      2,704,548
      210,063
      824,576
      568,900
      351,700
      249,465
      98,388
      206,464
      562,944
      155,712
      205,800
      277,897
      982,610
      439,383
      397,775
      203,652
      4,213,958
      203,404
      512,214
      3,342,293
      201,776
      202,132
      669,322
      209,064
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 23,876,648
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 0
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 334,772
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 334,772
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 334,772
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 257,100
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 257,100
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 77,673
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.KALAMAZOOPROMISE.COM
14
The books are in care ofright arrowAMY L TAYLOR Telephone no.right arrow (269) 384-0219

Located atright arrow490 WEST SOUTH STREETKALAMAZOOMI ZIP+4right arrow49007
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MARTHA WARFIELD SECRETARY
0.05 		0 0 0
211 WOODWIND CIRCLE
KALAMAZOO,MI49006
BARBARA L JAMES TREASURER
0.25 		0 0 0
2252 GLENEAGLE
KALAMAZOO,MI49048
JANICE M BROWN PRESIDENT
0.50 		0 0 0
3814 GREENLEAF CIRCLE
KALAMAZOO,MI49008
DANNIE ALEXANDER DIRECTOR
0.05 		0 0 0
273 E RIDGE CIRCLE
KALAMAZOO,MI49009
KEVAN HESS DIRECTOR
0.05 		0 0 0
3425 NORTHVIEW DRIVE
KALAMAZOO,MI49004
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
VON WASHINGTON JR EXEC. DIR. OF COMMUN
40.00 		182,000 33,129 0
68582 DOUGLAS DRIVE
PAW PAW,MI49079
ROBERT JORTH EXECUTIVE DIRECTOR
40.00 		189,346 22,538 0
129 SOUTH CLARENDON STREET
KALAMAZOO,MI49006
SARAH KLERK DIRECTOR OF WORKFORC
40.00 		116,000 16,980 0
6138 WEST SHERMAN LAKE DRIVE
AUGUSTA,MI49012
ANGELITA AGUILAR DIRECTOR OF CREDENTI
40.00 		100,000 21,887 0
157 SOUTH KALAMAZOO MALL 202
KALAMAZOO,MI49007
AMANDA BASHORE CAPACITY ENHANCEMENT
40.00 		68,250 24,868 0
1824 LAKEWAY AVENUE
KALAMAZOO,MI49001
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
AUNALYTICS COMPUTER SUPPORT 130,345
6395 TECHNOLOGY AVENUE SUITE A
KALAMAZOO,MI49009
SPARK BUSINESS WORKS CAPACITY ENHANCEMENT 111,060
600 E MICHIGAN AVENUE SUITE A
KALAMAZOO,MI49007
WE UPJOHN INSTITUTE RESEARCH 91,225
300 SOUTH WESTNEDGE AVENUE
KALAMAZOO,MI49007
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 TO FUND AND ADMINISTER THE "KALAMAZOO PROMISE", THE PROMISE TO PROVIDE COLLEGE SCHOLARSHIPS TO HIGH SCHOOL GRADUATES OF THE SCHOOL DISTRICT OF THE CITY OF KALAMAZOO, MICHIGAN. 23,709,675
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
20,945,192
b
Average of monthly cash balances.......................
1b
215,369
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
21,160,561
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
21,160,561
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
317,408
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
20,843,153
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,042,158
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
23,709,675
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
23,709,675
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
2006-07-12
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
24,127 0 640,242 329,018 993,387
b 85% (0.85) of line 2a ......... 20,508 0 544,206 279,665 844,379
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		23,709,675 20,570,697 19,360,128 19,186,395 82,826,895
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		0 0 0 0 0
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		23,709,675 20,570,697 19,360,128 19,186,395 82,826,895
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		694,772 503,561 426,828 219,345 1,844,506
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
Total .................................right arrow 3a 0
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 218,096  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,546,069  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aHONORARIUM 		812900   01 3,000  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,767,165 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,767,165
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
KALAMAZOO PROMISE
 
Employer identification number

20-4604504
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
KALAMAZOO PROMISE
  		Employer identification number
20-4604504
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
KP ONE LLC
 
313 S WASHINGTON SQUARE
 
LANSING, MI48933

$ 26,336,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
KALAMAZOO PROMISE
  		Employer identification number

20-4604504
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 PUBLICLY TRADED SECURITIES $ 26,336,500 2023-02-10
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
KALAMAZOO PROMISE
  		Employer identification number

20-4604504
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
KALAMAZOO PROMISE
EIN:
20-4604504
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 20,900 10,450 0 10,450

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
KALAMAZOO PROMISE
EIN:
20-4604504
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
FIREWALL 2006-12-15 780 780 200DB 5.000000000000 0 0 0  
PIX 501-50 3DES BUNDLE 2006-12-15 575 575 200DB 5.000000000000 0 0 0  
HP LASERJET P2034N PRINTER 2010-04-29 673 673 200DB 5.000000000000 0 0 0  
LAPTOP COMPUTER 2011-04-30 2,207 2,207 200DB 5.000000000000 0 0 0  
COMPUTER WITH DOCKING STATION - VON 2013-05-13 2,607 2,607 200DB 5.000000000000 0 0 0  
IPAD - BOB 2013-08-23 813 813 200DB 5.000000000000 0 0 0  
COMPUTER - BOB 2014-05-31 3,204 3,204 200DB 5.000000000000 0 0 0  
2 LAPTOPS FOR USE AT KVCC 2014-10-27 1,862 1,862 200DB 5.000000000000 0 0 0  
MAC PRO NOTEBOOK 2015-01-21 2,701 2,701 200DB 5.000000000000 0 0 0  
SURFACE PRO TABLET 2015-03-31 1,410 1,410 200DB 5.000000000000 0 0 0  
SHARP COPIER 2016-02-17 7,623 7,283 200DB 7.000000000000 340 0 340  
OFFICE FURNITURE 2018-04-27 53,050 41,213 200DB 7.000000000000 4,735 0 4,735  
CHAIRS 2018-06-12 657 619 200DB 5.000000000000 38 0 38  
FURNITURE 2018-09-10 11,290 10,640 200DB 5.000000000000 650 0 650  
CHAIRS 2018-10-02 658 620 200DB 5.000000000000 38 0 38  
FURNITURE 2018-12-18 1,511 1,424 200DB 5.000000000000 87 0 87  
HP PROBOOK 640 G4 14" LCD NOTEBOOK 2019-05-30 2,638 2,182 200DB 5.000000000000 304 0 304  
HP PROBOOK 640 G4 14" LCD NOTEBOOK 2019-05-30 2,638 2,182 200DB 5.000000000000 304 0 304  
COPIER 2020-01-03 13,990 7,872 200DB 7.000000000000 1,748 0 1,748  
LAPTOP 2021-01-31 3,238 1,975 200DB 5.000000000000 505 0 505  
CAMERA 2021-10-11 2,717 845 200DB 7.000000000000 535 0 535  
CHROMEBOOK CHARGING CARTS 2021-12-30 3,257 1,400 200DB 5.000000000000 743 0 743  
ZORI LECTERN WORKSTATION 2021-12-30 1,457 453 200DB 7.000000000000 287 0 287  
ZORI COMMAND CENTER 2021-12-30 2,671 831 200DB 7.000000000000 526 0 526  
24 ZORI T-LEG FLIP BASE 2021-12-30 22,162 6,897 200DB 7.000000000000 4,361 0 4,361  
OFFICE FURNITURE 2021-12-30 632,417 196,824 200DB 7.000000000000 124,455 0 124,455  
29 HIGHTOWER CHAIRS 2021-12-30 12,839 3,996 200DB 7.000000000000 2,527 0 2,527  
29 HIGHTOWER CHAIRS 2021-12-30 12,065 3,755 200DB 7.000000000000 2,374 0 2,374  
3 HIGHTOWER CHAIRS 2021-12-30 3,111 968 200DB 7.000000000000 612 0 612  
2 HIGHTOWER KONA LAPTOP TABLES 2021-12-30 1,206 375 200DB 7.000000000000 237 0 237  
KETTALNORT EGG SWING CHAIR 2021-12-30 4,972 1,548 200DB 7.000000000000 979 0 979  
4 INTERMETRO METRO 5 TIER WIRE CARTS 2021-12-30 1,553 483 200DB 7.000000000000 306 0 306  
2 INTERMETRO METRO 5 TIER WIRE CARTS 2021-12-30 777 242 200DB 7.000000000000 153 0 153  
INTERMETRO METRO 5 TIER WIRE CART 2021-12-30 351 109 200DB 7.000000000000 69 0 69  
4 SANDLERSEA DUNAS CHAIRS 2021-12-30 3,730 1,161 200DB 7.000000000000 734 0 734  
4 SANDLER SEATING DUNAS CHAIRS 2021-12-30 4,878 1,518 200DB 7.000000000000 960 0 960  
4 SANDLER SEATING CHAIRS 2021-12-30 4,143 1,289 200DB 7.000000000000 815 0 815  
17 SANDLER SEATING DUNAS CHAIRS 2021-12-30 18,394 5,725 200DB 7.000000000000 3,620 0 3,620  
6 SANDLER SEATING DUNAS CHAIRS 2021-12-30 6,502 2,024 200DB 7.000000000000 1,280 0 1,280  
6 SANDLER SEATING DUNAS CHAIRS 2021-12-30 6,502 2,024 200DB 7.000000000000 1,280 0 1,280  
STOOL 2021-12-30 2,333 726 200DB 7.000000000000 459 0 459  
5 DICE SENSORY WALLS 2021-12-30 4,196 1,306 200DB 7.000000000000 826 0 826  
TOMAS BLOCK PILLOWS 2021-12-30 146 45 200DB 7.000000000000 29 0 29  
FAT CAT REBEL FOOSBALL TABLE 2021-12-30 670 208 200DB 7.000000000000 132 0 132  
AIDAN CHAIR & OTTOMAN 2021-12-30 2,910 906 200DB 7.000000000000 573 0 573  
METAL BAR CART 2021-12-30 9,008 2,804 200DB 7.000000000000 1,773 0 1,773  
FILE CABINETS 2021-12-30 12,142 3,779 200DB 7.000000000000 2,389 0 2,389  
BOOKCASES 2021-12-30 600 187 200DB 7.000000000000 118 0 118  
2 COAT RACKS 2021-12-30 699 217 200DB 7.000000000000 138 0 138  
BLUDOT FLOOR LAMPS 2021-12-30 1,699 529 200DB 7.000000000000 334 0 334  
BLUDOT SINDER RUG 2021-12-30 2,001 623 200DB 7.000000000000 394 0 394  
BLUDOT PEEK 2 DOOR 2 DRAWER DRESSER 2021-12-30 2,201 685 200DB 7.000000000000 433 0 433  
BLUDOT CIRCULAR TALL SIDE TABLE 2021-12-30 600 187 200DB 7.000000000000 118 0 118  
3 CARL HANSEN WING LOUNGE CHAIRS 2021-12-30 16,301 5,073 200DB 7.000000000000 3,208 0 3,208  
2 LAGUNITAS HIGH LOUNGE CHAIRS 2021-12-30 4,673 1,454 200DB 7.000000000000 920 0 920  
2 LAGUNITAS 3 SEAT LOW LOUNGE CHAIR 2021-12-30 7,653 2,382 200DB 7.000000000000 1,506 0 1,506  
2 LAGUNITAS 3 SEAT HIGH LOUNGE CHAIRS 2021-12-30 9,486 2,952 200DB 7.000000000000 1,867 0 1,867  
LAGUNITAS 3 SEAT LOW LOUNGE CHAIR 2021-12-30 3,266 1,016 200DB 7.000000000000 643 0 643  
2 LAGUNITAS HIGH 1 SEAT LOUNGE CHAIRS 2021-12-30 8,625 2,684 200DB 7.000000000000 1,697 0 1,697  
2 LAGUNITAS LOW LOUNGE CHAIRS 2021-12-30 6,130 1,908 200DB 7.000000000000 1,206 0 1,206  
3 LAGUNITAS RECTANGLE TABLES 2021-12-30 4,950 1,540 200DB 7.000000000000 974 0 974  
14 LUCY SIDE CHAIRS 2021-12-30 16,058 4,998 200DB 7.000000000000 3,160 0 3,160  
FURNITURE 2021-12-30 45,052 14,021 200DB 7.000000000000 8,866 0 8,866  
FILE CABINETS 2021-12-30 26,989 8,400 200DB 7.000000000000 5,311 0 5,311  
CUBBIES 2021-12-30 8,369 2,605 200DB 7.000000000000 1,647 0 1,647  
ARTWORK - SEBASTIAN SANDU, MARIA AND HANNA, OIL ON CANVAS 2021 2022-10-12 4,320 154 200DB 7.000000000000 1,190 0 1,190  
COMPUTER (JOHN OLIVER) 2022-02-16 2,861 1,001 200DB 5.000000000000 744 0 744  
RECORDING SUDIO VIDEO COMPUTER PROCESSOR 2023-05-16 3,563   200DB 5.000000000000 712 0 712  

TY 2023 InvestmentsCorpStockSchedule
Name:
KALAMAZOO PROMISE
EIN:
20-4604504
Name of Stock End of Year Book Value End of Year Fair Market Value
PUBLICLY TRADED SECURITIES 10,388,169 11,811,900

TY 2023 LandEtcSchedule2
Name:
KALAMAZOO PROMISE
EIN:
20-4604504
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
FIREWALL 780 780 0  
PIX 501-50 3DES BUNDLE 575 575 0  
HP LASERJET P2034N PRINTER 673 673 0  
LAPTOP COMPUTER 2,207 2,207 0  
COMPUTER WITH DOCKING STATION - VON 2,607 2,607 0  
IPAD - BOB 813 813 0  
COMPUTER - BOB 3,204 3,204 0  
2 LAPTOPS FOR USE AT KVCC 1,862 1,862 0  
MAC PRO NOTEBOOK 2,701 2,701 0  
SURFACE PRO TABLET 1,410 1,410 0  
SHARP COPIER 7,623 7,623 0  
OFFICE FURNITURE 53,050 45,948 7,102  
CHAIRS 657 657 0  
FURNITURE 11,290 11,290 0  
CHAIRS 658 658 0  
FURNITURE 1,511 1,511 0  
HP PROBOOK 640 G4 14" LCD NOTEBOOK 2,638 2,486 152  
HP PROBOOK 640 G4 14" LCD NOTEBOOK 2,638 2,486 152  
COPIER 13,990 9,620 4,370  
LAPTOP 3,238 2,480 758  
CAMERA 2,717 1,380 1,337  
CHROMEBOOK CHARGING CARTS 3,257 2,143 1,114  
ZORI LECTERN WORKSTATION 1,457 740 717  
ZORI COMMAND CENTER 2,671 1,357 1,314  
24 ZORI T-LEG FLIP BASE 22,162 11,258 10,904  
OFFICE FURNITURE 632,417 321,279 311,138  
29 HIGHTOWER CHAIRS 12,839 6,523 6,316  
29 HIGHTOWER CHAIRS 12,065 6,129 5,936  
3 HIGHTOWER CHAIRS 3,111 1,580 1,531  
2 HIGHTOWER KONA LAPTOP TABLES 1,206 612 594  
KETTALNORT EGG SWING CHAIR 4,972 2,527 2,445  
4 INTERMETRO METRO 5 TIER WIRE CARTS 1,553 789 764  
2 INTERMETRO METRO 5 TIER WIRE CARTS 777 395 382  
INTERMETRO METRO 5 TIER WIRE CART 351 178 173  
4 SANDLERSEA DUNAS CHAIRS 3,730 1,895 1,835  
4 SANDLER SEATING DUNAS CHAIRS 4,878 2,478 2,400  
4 SANDLER SEATING CHAIRS 4,143 2,104 2,039  
17 SANDLER SEATING DUNAS CHAIRS 18,394 9,345 9,049  
6 SANDLER SEATING DUNAS CHAIRS 6,502 3,304 3,198  
6 SANDLER SEATING DUNAS CHAIRS 6,502 3,304 3,198  
STOOL 2,333 1,185 1,148  
5 DICE SENSORY WALLS 4,196 2,132 2,064  
TOMAS BLOCK PILLOWS 146 74 72  
FAT CAT REBEL FOOSBALL TABLE 670 340 330  
AIDAN CHAIR & OTTOMAN 2,910 1,479 1,431  
METAL BAR CART 9,008 4,577 4,431  
FILE CABINETS 12,142 6,168 5,974  
BOOKCASES 600 305 295  
2 COAT RACKS 699 355 344  
BLUDOT FLOOR LAMPS 1,699 863 836  
BLUDOT SINDER RUG 2,001 1,017 984  
BLUDOT PEEK 2 DOOR 2 DRAWER DRESSER 2,201 1,118 1,083  
BLUDOT CIRCULAR TALL SIDE TABLE 600 305 295  
3 CARL HANSEN WING LOUNGE CHAIRS 16,301 8,281 8,020  
2 LAGUNITAS HIGH LOUNGE CHAIRS 4,673 2,374 2,299  
2 LAGUNITAS 3 SEAT LOW LOUNGE CHAIR 7,653 3,888 3,765  
2 LAGUNITAS 3 SEAT HIGH LOUNGE CHAIRS 9,486 4,819 4,667  
LAGUNITAS 3 SEAT LOW LOUNGE CHAIR 3,266 1,659 1,607  
2 LAGUNITAS HIGH 1 SEAT LOUNGE CHAIRS 8,625 4,381 4,244  
2 LAGUNITAS LOW LOUNGE CHAIRS 6,130 3,114 3,016  
3 LAGUNITAS RECTANGLE TABLES 4,950 2,514 2,436  
14 LUCY SIDE CHAIRS 16,058 8,158 7,900  
FURNITURE 45,052 22,887 22,165  
FILE CABINETS 26,989 13,711 13,278  
CUBBIES 8,369 4,252 4,117  
ARTWORK - SEBASTIAN SANDU, MARIA AND HANNA, OIL ON CANVAS 2021 4,320 1,344 2,976  
COMPUTER (JOHN OLIVER) 2,861 1,745 1,116  
RECORDING SUDIO VIDEO COMPUTER PROCESSOR 3,563 712 2,851  


TY 2023 LegalFeesSchedule
Name:
KALAMAZOO PROMISE
EIN:
20-4604504
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 4,623 0 0 4,623


TY 2023 OtherExpensesSchedule
Name:
KALAMAZOO PROMISE
EIN:
20-4604504
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 8,759 0 0 8,759
OFFICE SUPPLIES 31,250 0 0 31,250
MISCELLANEOUS 3,686 0 0 3,686
SCHOLARSHIPS 20,622,214 0 0 20,622,214
DIRECT DEPOSIT FEES 1,187 0 0 1,187
PARKING 227 0 0 227
RESEARCH & SURVEY SERVICE 11,831 0 0 11,831
SUBSCRIPTIONS 49,191 0 0 49,191
MEMBERSHIP FEES 139 0 0 139
TECHNOLOGY 63,643 0 0 63,643
CONTRACT LABOR 126,110 0 0 126,110
CREATIVE COLLABORATION 63,054 0 0 63,054
PERSONNEL CULTURE 35,267 0 0 35,267
POSTAGE AND MAILING 2,736 0 0 2,736
EVENTS AND PROGRAMMING 81,020 0 0 81,020


TY 2023 OtherIncomeSchedule2
Name:
KALAMAZOO PROMISE
EIN:
20-4604504
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
HONORARIUM 3,000   3,000


TY 2023 OtherLiabilitiesSchedule
Name:
KALAMAZOO PROMISE
EIN:
20-4604504
Description Beginning of Year - Book Value End of Year - Book Value
PAYROLL TAXES 512 287


TY 2023 OtherProfessionalFeesSchedule
Name:
KALAMAZOO PROMISE
EIN:
20-4604504
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMPUTER CONSULTING 104,742 0 0 104,742
AGENCY FEES 6,000 0 0 6,000
CAPACITY ENHANCEMENT 109,560 0 0 109,560


TY 2023 SubstantialContributorsSch
Name:
KALAMAZOO PROMISE
EIN:
20-4604504
Name Address
KP ONE LLC
  		313 S WASHINGTON SQUARE
LANSING,MI48933


TY 2023 TaxesSchedule
Name:
KALAMAZOO PROMISE
EIN:
20-4604504
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 317,017 0 0 0