Civic Intelligence

Promise Ministries Inc.

990 • Fiscal year 2015 • EIN 01-0692980

Jan 01, 2015 to Dec 31, 2015 • Filed on May 09, 2016

PO Box 801Waxahachie, TX 75168

(972) 937-0488

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.76x

Higher debt load relative to assets than 89% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

90th percentile

1.14x

Higher debt load relative to revenue than 90% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

34th percentile

-1.7%

Higher net margin than 34% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

60th percentile

$39,383

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

30th percentile

-3.6%

Faster asset growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

44th percentile

0.7%

Faster revenue growth than 44% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$877,537

Down $32,841 (-3.6%) from 2014

Net Assets

Down

$211,962

Down $9,855 (-4.4%) from 2014

Liabilities

Down

$665,575

Down $22,986 (-3.3%) from 2014

Revenue

Up

$585,109

Up $4,090 (+0.7%) from 2014

Expenses

Up

$594,966

Up $11,066 (+1.9%) from 2014

Net Income

Down

-$9,857

Down $6,976 (-242%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $365,920Liabilities 2011: $5,313Net Assets 2011: $360,6072011Assets 2012: $1,037,677Liabilities 2012: $732,233Net Assets 2012: $305,4442012Assets 2013: $936,552Liabilities 2013: $709,733Net Assets 2013: $226,8192013Assets 2014: $910,378Liabilities 2014: $688,561Net Assets 2014: $221,8172014Assets 2015: $877,537Liabilities 2015: $665,575Net Assets 2015: $211,9622015Assets 2016: $839,859Liabilities 2016: $639,272Net Assets 2016: $200,5872016Assets 2017: $787,052Liabilities 2017: $614,981Net Assets 2017: $172,0712017Assets 2018: $732,290Liabilities 2018: $587,855Net Assets 2018: $144,4352018Assets 2019: $699,529Liabilities 2019: $569,432Net Assets 2019: $130,0972019Assets 2020: $705,728Liabilities 2020: $537,180Net Assets 2020: $168,5482020Assets 2021: $815,458Liabilities 2021: $504,799Net Assets 2021: $310,6592021Assets 2022: $974,412Liabilities 2022: $463,705Net Assets 2022: $510,7072022Assets 2023: $961,880Liabilities 2023: $426,837Net Assets 2023: $535,0432023Assets 2024: $761,463Liabilities 2024: $397,761Net Assets 2024: $363,7022024

Highlighted filing

2015

Assets$877,537
Liabilities$665,575
Net Assets$211,962

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $395,3312011Revenue 2012: $398,632Expenses 2012: $454,045Net Income 2012: -$55,4132012Revenue 2013: $510,094Expenses 2013: $588,719Net Income 2013: -$78,6252013Revenue 2014: $581,019Expenses 2014: $583,900Net Income 2014: -$2,8812014Revenue 2015: $585,109Expenses 2015: $594,966Net Income 2015: -$9,8572015Revenue 2016: $581,811Expenses 2016: $593,186Net Income 2016: -$11,3752016Revenue 2017: $575,579Expenses 2017: $603,942Net Income 2017: -$28,3632017Revenue 2018: $576,771Expenses 2018: $604,407Net Income 2018: -$27,6362018Revenue 2019: $605,367Expenses 2019: $619,709Net Income 2019: -$14,3422019Revenue 2020: $540,081Expenses 2020: $586,034Net Income 2020: -$45,9532020Revenue 2021: $752,280Expenses 2021: $610,315Net Income 2021: $141,9652021Revenue 2022: $959,459Expenses 2022: $760,258Net Income 2022: $199,2012022Revenue 2023: $786,430Expenses 2023: $761,893Net Income 2023: $24,5372023Revenue 2024: $564,281Expenses 2024: $735,652Net Income 2024: -$171,3712024

Highlighted filing

2015

Revenue$585,109
Expenses$594,966
Net Income-$9,857
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 9, 2016
Return Version
2015v2.0
Gross Receipts
$585,605
Mission and Program Overview

Mission

To provide quality childcare for children ages four months to nine years and for special needs children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$835,777$782,783▼ $52,994
Rtn Earn Endowment Incm Other Fnds$221,817$211,962▼ $9,855
Cash and Non-Interest-Bearing Accounts$69,456$87,896▲ $18,440
Prepaid Expenses and Deferred Charges$4,945$6,657▲ $1,712
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$910,378$877,537▼ $32,841
Other Assets Total$200$201▲ $1
Liabilities
Mortgage Notes Payable Secured by Investment Property$683,509$660,447▼ $23,062
Other Liabilities$2,447$2,911▲ $464
Accounts Payable and Accrued Expenses$2,605$2,217▼ $388
Total Liabilities$688,561$665,575▼ $22,986
Net Assets / Fund Balance
Total Net Assets Fund Balance$221,817$211,962▼ $9,855
Total Liabilities and Net Assets / Fund Balance$910,378$877,537▼ $32,841

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$467,735$44,427-
Other Land Buildings$-8,940$26,390-
Land$176,332--
Leasehold Improvements$96,425$90,794-
Equipment$51,231$89,956$-3,200
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Halston L WaishesDirectorFT$39,383$39,383

Board Members and Trustees

NameTitle
Vincent GuerreroPresident
Dawn RickmanVice President
Adam RopeDictor Liaison
Jason Paul WhitingMember
Courtney GuerreroSecretary
Lindsey CreamerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$469
Program Service Revenue
$584,465
Investment Income
$0
Other Revenue
$175
All Other Contributions
$469
Change in Net Assets
$-9,857
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$405,980
Other Expenses$188,986
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$366,597--$366,597
Depreciation Depletion$47,694$5,300-$52,994
Current Officers, Directors, Trustees, and Key Employees-$39,383-$39,383
Interest$33,774$3,753-$37,527
Occupancy$30,265$3,319-$33,584
Insurance$9,359$3,106-$12,465
All Other Expenses$7,509$1,054-$8,563
Fees for Services Accounting-$6,938-$6,938
Other Expenses$2,960$4,497-$2,960
Total Functional Expenses$527,616$67,350$0$594,966
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$671
Fundraising Direct Expenses$496
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cc$2,010
Payroll Liabilities$891
Sales Tax$10
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Vincent Guerrero and Courtney Guerrero

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

UPON REQUEST

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Promise Ministries
EIN
01-0692980
Phone
9729370488
Address
PO BOX 801, WAXAHACHIE, TX 75168

Signing Officer

Name
Vincent Guerrero
Title
President
Signed
2016-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vincent Guerrero
Formed
1998
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
51

Preparer

Firm
Tonja Barnebee CPA Pc
Address
900 W ENNIS AVE, ENNIS, TX 75119-3738
Preparer
Tonja Barnebee CPA CrFA
Phone
9728759900
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

= $2

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06657
IRS990/PrincipalOfficerNm0VINCENT GUERRERO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MISC
IRS990/ProgramServiceRevenueGrp/Desc1TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt075
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1584390
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt075
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1584390
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0800
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0200233
IRS990/PYOtherRevenueAmt03141
IRS990/PYProgramServiceRevenueAmt0577078
IRS990/PYRevenuesLessExpensesAmt0-2881
IRS990/PYSalariesCompEmpBnftPaidAmt0383667
IRS990/PYTotalExpensesAmt0583900
IRS990/PYTotalRevenueAmt0581019
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-9857
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0585109
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0221817
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0211962
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0719
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03141
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt028
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0550
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0245691
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0250129
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0800
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt031
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0231
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01062
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0584390
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0577078
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0510066
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0398082
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0408911
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02478527
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0800
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt031
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0231
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01062
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt027487
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt027487
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98960
IRS990ScheduleA/PublicSupportPY509Pct00.98900
IRS990ScheduleA/PublicSupportTotal509Amt02728656
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0585109
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0580219
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0510094
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0398632
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0654602
IRS990ScheduleA/Total509Grp/TotalAmt02728656
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0585109
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0581019
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0510125
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0398863
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0682089
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02757205
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0467735
IRS990ScheduleD/BuildingsGrp/DepreciationAmt044427
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0512162
IRS990ScheduleD/EquipmentGrp/BookValueAmt051231
IRS990ScheduleD/EquipmentGrp/DepreciationAmt089956
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0144387
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0-3200
IRS990ScheduleD/LandGrp/BookValueAmt0176332
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0176332
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt096425
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt090794
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0187219
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-8940
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026390
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt017450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1891
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SALES TAX
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0782783
IRS990ScheduleD/TotalLiabilityAmt02911
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Vincent Guerrero and Courtney Guerrero
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4= $2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0910378

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.76$0.40$0.36$0.56$0.74$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.96$0.43$0.54$0.79$0.76$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.97$0.46$0.51$0.96$0.76$0.20
2021Detailed filing. Detailed filing data is available for this year.$0.82$0.50$0.31$0.75$0.61$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.71$0.54$0.17$0.54$0.59$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.70$0.57$0.13$0.61$0.62$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.73$0.59$0.14$0.58$0.60$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.61$0.17$0.58$0.60$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.64$0.20$0.58$0.59$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.67$0.21$0.59$0.59$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.91$0.69$0.22$0.58$0.58$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.94$0.71$0.23$0.51$0.59$0.08
2012Summary only. Only limited summary data is available for this year.$1.04$0.73$0.31$0.40$0.45$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.01$0.36$0.40