Civic Intelligence

Propel Inc.

990 • Fiscal year 2023 • EIN 01-0793986

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 26, 2024

49 South Dixie HighwayDeerfield Beach, FL 33441

(561) 955-8553

Siviq Scores

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

Liabilities / Assets

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

29th percentile

0.01x

Higher debt load relative to revenue than 29% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

89th percentile

47%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

75th percentile

$120,000

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

98th percentile

264%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

92nd percentile

107%

Faster revenue growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,363,757

Up $988,782 (+264%) from 2022

Net Assets

Up

$1,332,254

Up $1,084,954 (+439%) from 2022

Liabilities

Down

$31,503

Down $96,172 (-75%) from 2022

Revenue

Up

$2,332,123

Up $1,205,270 (+107%) from 2022

Expenses

Up

$1,247,169

Up $143,524 (+13%) from 2022

Net Income

Up

$1,084,954

Up $1,061,746 (+4575%) from 2022

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 2010: $92,586Liabilities 2010: $21,200Net Assets 2010: $71,3862010Assets 2011: $95,604Liabilities 2011: $2,045Net Assets 2011: $93,5592011Assets 2012: $175,613Liabilities 2012: $17,670Net Assets 2012: $157,9432012Assets 2013: $388,498Liabilities 2013: $2,303Net Assets 2013: $386,1952013Assets 2014: $491,974Liabilities 2014: $985Net Assets 2014: $490,9892014Assets 2015: $594,764Liabilities 2015: $8,450Net Assets 2015: $586,3142015Assets 2016: $515,375Liabilities 2016: $24,592Net Assets 2016: $490,7832016Assets 2017: $384,925Liabilities 2017: $8,554Net Assets 2017: $376,3712017Assets 2018: $356,733Liabilities 2018: $9,475Net Assets 2018: $347,2582018Assets 2019: $193,057Liabilities 2019: $0Net Assets 2019: $193,0572019Assets 2020: $240,926Liabilities 2020: $45,793Net Assets 2020: $195,1332020Assets 2021: $232,092Liabilities 2021: $8,000Net Assets 2021: $224,0922021Assets 2022: $374,975Liabilities 2022: $127,675Net Assets 2022: $247,3002022Assets 2023: $1,363,757Liabilities 2023: $31,503Net Assets 2023: $1,332,2542023Assets 2024: $1,377,722Liabilities 2024: $9,736Net Assets 2024: $1,367,9862024

Highlighted filing

2023

Assets$1,363,757
Liabilities$31,503
Net Assets$1,332,254

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $122,007Expenses 2010: $87,142Net Income 2010: $34,8652010Revenue 2011: $200,247Expenses 2011: $178,074Net Income 2011: $22,1732011Revenue 2012: $291,377Expenses 2012: $226,993Net Income 2012: $64,3842012Revenue 2013: $488,444Expenses 2013: $260,192Net Income 2013: $228,2522013Revenue 2014: $348,068Expenses 2014: $243,274Net Income 2014: $104,7942014Revenue 2015: $419,925Expenses 2015: $324,600Net Income 2015: $95,3252015Revenue 2016: $377,546Expenses 2016: $473,077Net Income 2016: -$95,5312016Revenue 2017: $413,642Expenses 2017: $528,054Net Income 2017: -$114,4122017Revenue 2018: $534,736Expenses 2018: $563,849Net Income 2018: -$29,1132018Revenue 2019: $310,738Expenses 2019: $464,939Net Income 2019: -$154,2012019Revenue 2020: $257,282Expenses 2020: $255,206Net Income 2020: $2,0762020Revenue 2021: $365,070Expenses 2021: $336,111Net Income 2021: $28,9592021Revenue 2022: $1,126,853Expenses 2022: $1,103,645Net Income 2022: $23,2082022Revenue 2023: $2,332,123Expenses 2023: $1,247,169Net Income 2023: $1,084,9542023Revenue 2024: $1,073,331Expenses 2024: $1,088,552Net Income 2024: -$15,2212024

Highlighted filing

2023

Revenue$2,332,123
Expenses$1,247,169
Net Income$1,084,954
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 26, 2024
Return Version
2023v5.0
Gross Receipts
$2,332,123
Mission and Program Overview

Mission

Propel is a not-for-profit organization is dedicated to fostering leadership potential, academic and career success, and healthy living choices of underserved youth (ages 7-21) living in palm beach, broward, and polk counties of florida by providing after-school programming, community involvement and enrichment activities, summer camp opportunities, job placement support and college scholarships. Propel is a not-for-profit organization consisting of four professional paid staff, and a board of directors, advisers, and volunteers which are comprised of community leaders and benefactors.

Our mission is to foster the leadership potential, academic and career success, and healthy living choices of youth (ages 10-24) at-risk of or already on the fringes of the justice system living in the south palm beach county area by providing after-school programming, community involvement and enrichment activities, summer camp opportunities, job placement support and college scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$170,240$1,307,695▲ $1,137,455
Pledges and Grants Receivable$48,375--
Prepaid Expenses and Deferred Charges$39,077$30,326▼ $8,751
Land, Buildings, and Equipment, Net$2,990$4,506▲ $1,516
Cash and Non-Interest-Bearing Accounts-$2,000-
Total Assets$374,975$1,363,757▲ $988,782
Other Assets Total$114,293$19,230▼ $95,063
Liabilities
Other Liabilities$122,293$19,230▼ $103,063
Accounts Payable and Accrued Expenses$5,382$12,273▲ $6,891
Total Liabilities$127,675$31,503▼ $96,172
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,375$1,000,000▲ $991,625
Net Assets Without Donor Restrictions$238,925$332,254▲ $93,329
Total Net Assets Fund Balance$247,300$1,332,254▲ $1,084,954
Total Liabilities and Net Assets / Fund Balance$374,975$1,363,757▲ $988,782

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,506$120,030$124,536
Equipment-$23,653$23,653
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gregg FrancisChairFT$120,000$120,000

Board Members and Trustees

NameTitle
Charles MarchitelloVice Chair
Marta BatmasianSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$1,990,443
Program Service Revenue
$13,403
Investment Income
$0
Other Revenue
$328,277
All Other Contributions
$1,990,443
Change in Net Assets
$1,084,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$875,199
Salaries, Compensation, and Employee Benefits$371,970
Total Fundraising Expense$32,212
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$294,094$14,202$11,835$320,131
Insurance$61,153$3,397$3,398$67,948
Occupancy$50,256$5,584-$55,840
Travel$45,940--$45,940
All Other Expenses$27,834$3,484$12,595$43,913
Other Expenses$30,118--$30,118
Other Employee Benefits$26,091$1,260$1,050$28,401
Payroll Taxes$21,532$1,040$866$23,438
Fees for Services Accounting-$16,225$1,088$17,313
Office Expenses$7,724$4,159-$11,883
Information Technology$2,532$519-$3,051
Depreciation Depletion$2,840--$2,840
Advertising--$1,380$1,380
Fees for Services Legal-$812-$812
Total Functional Expenses$12,896$50,682$12,353$25,249
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$328,277
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$328,277$328,277-$328,277
Total Events$328,277$328,277-$328,277
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Right of Use Liabili$19,230
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
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, Page 6, Part VI, Line 11B

Board review prior to filing.

Form 990, Page 6, Part VI, Line 19

Upon request others on web site.

Filing and Contact Details

Filer

Filer Name
Propel Inc
EIN
01-0793986
Phone
5619558553
Address
49 SOUTH DIXIE HIGHWAY, DEERFIELD BEACH, FL 33441

Signing Officer

Name
Gregg Francis
Title
Chair
Phone
5619558553
Signed
2024-09-26

Organization Details

Principal Officer
Gregg Francis
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
9
Volunteers
20

Preparer

Firm
Sullivan & Fengler
Address
3031 NE 22ND ST, FORT LAUDERDALE, FL 33305
Preparer
Maureen S Fengler CPA
Phone
9545612826
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Propel is a not-for-profit organization is dedicated to fostering leadership potential, academic and career success, and healthy living choices of underserved youth (ages 7-21) living in palm beach, broward, and polk counties of florida by providing after-school programming, community involvement and enrichment activities, summer camp opportunities, job placement support and college scholarships. Propel is a not-for-profit organization consisting of four professional paid staff, and a board of directors, advisers, and volunteers which are comprised of community leaders and benefactors.

Form 990, Page 2, Part III, Line 4A

Propel acts as a catalyst for sustained positive change in the lives of families and communities by establishing collaborative partnerships with community organizations, businesses, service providers, and government agencies. Propel strengthens and stabilizes the functioning of those underserved through a variety of multifaceted services, such as literacy, financial literacy, mentorship, tutoring, nourishment, and apprenticeship, with an end goal for the students to obtain higher education and/or a skilled trade in hope of breaking cycles of poverty. This is accomplished by developing innovative strategies and interventions that respond to the identified needs of individuals within a targeted community. Propel instills the sense of responsibility for one's actions, indoctrinates self-discipline based on hard work, promotes empowerment among youth, families, and communities and utilizes the varied experience and expertise of individuals demonstrating knowledge in various supportive services being offered in addition to assessing individual goals and assisting them in being achieved.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03905648
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023653
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04506
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0120030
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0124536
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE RIGHT OF USE LIABILI
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04506
IRS990ScheduleD/TotalLiabilityAmt019230
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0328277
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROPEL IS A NOT-FOR-PROFIT ORGANIZATION IS DEDICATED TO FOSTERING LEADERSHIP POTENTIAL, ACADEMIC AND CAREER SUCCESS, AND HEALTHY LIVING CHOICES OF UNDERSERVED YOUTH (AGES 7-21) LIVING IN PALM BEACH, BROWARD, AND POLK COUNTIES OF FLORIDA BY PROVIDING AFTER-SCHOOL PROGRAMMING, COMMUNITY INVOLVEMENT AND ENRICHMENT ACTIVITIES, SUMMER CAMP OPPORTUNITIES, JOB PLACEMENT SUPPORT AND COLLEGE SCHOLARSHIPS. PROPEL IS A NOT-FOR-PROFIT ORGANIZATION CONSISTING OF FOUR PROFESSIONAL PAID STAFF, AND A BOARD OF DIRECTORS, ADVISERS, AND VOLUNTEERS WHICH ARE COMPRISED OF COMMUNITY LEADERS AND BENEFACTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROPEL ACTS AS A CATALYST FOR SUSTAINED POSITIVE CHANGE IN THE LIVES OF FAMILIES AND COMMUNITIES BY ESTABLISHING COLLABORATIVE PARTNERSHIPS WITH COMMUNITY ORGANIZATIONS, BUSINESSES, SERVICE PROVIDERS, AND GOVERNMENT AGENCIES. PROPEL STRENGTHENS AND STABILIZES THE FUNCTIONING OF THOSE UNDERSERVED THROUGH A VARIETY OF MULTIFACETED SERVICES, SUCH AS LITERACY, FINANCIAL LITERACY, MENTORSHIP, TUTORING, NOURISHMENT, AND APPRENTICESHIP, WITH AN END GOAL FOR THE STUDENTS TO OBTAIN HIGHER EDUCATION AND/OR A SKILLED TRADE IN HOPE OF BREAKING CYCLES OF POVERTY. THIS IS ACCOMPLISHED BY DEVELOPING INNOVATIVE STRATEGIES AND INTERVENTIONS THAT RESPOND TO THE IDENTIFIED NEEDS OF INDIVIDUALS WITHIN A TARGETED COMMUNITY. PROPEL INSTILLS THE SENSE OF RESPONSIBILITY FOR ONE'S ACTIONS, INDOCTRINATES SELF-DISCIPLINE BASED ON HARD WORK, PROMOTES EMPOWERMENT AMONG YOUTH, FAMILIES, AND COMMUNITIES AND UTILIZES THE VARIED EXPERIENCE AND EXPERTISE OF INDIVIDUALS DEMONSTRATING KNOWLEDGE IN VARIOUS SUPPORTIVE SERVICES BEING OFFERED IN ADDITION TO ASSESSING INDIVIDUAL GOALS AND ASSISTING THEM IN BEING ACHIEVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST OTHERS ON WEB SITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050682
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01164275
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0DEERFIELD BEACH
IRS990/USAddress/StateAbbreviationCd0FL
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IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.PROPELYOURFUTURE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGG FRANCIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05619558553
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROPEL INC
ReturnHeader/Filer/BusinessNameControlTxt0PROP
ReturnHeader/Filer/EIN0010793986
ReturnHeader/Filer/PhoneNum05619558553
ReturnHeader/Filer/USAddress/AddressLine1Txt049 SOUTH DIXIE HIGHWAY
ReturnHeader/Filer/USAddress/CityNm0DEERFIELD BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650002115
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SULLIVAN & FENGLER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03031 NE 22ND ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT LAUDERDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033305
ReturnHeader/PreparerPersonGrp/PhoneNum09545612826
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MAUREEN S FENGLER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-10-02T13:58:42-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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.$1.38$0.01$1.37$1.07$1.09$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.36$0.03$1.33$2.33$1.25$1.08
2022Detailed filing. Detailed filing data is available for this year.$0.37$0.13$0.25$1.13$1.10$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.23$0.01$0.22$0.37$0.34$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.05$0.20$0.26$0.26$0.00
2019Summary only. Only limited summary data is available for this year.$0.19$0.00$0.19$0.31$0.46$0.15
2018Summary only. Only limited summary data is available for this year.$0.36$0.01$0.35$0.53$0.56$0.03
2017Summary only. Only limited summary data is available for this year.$0.38$0.01$0.38$0.41$0.53$0.11
2016Summary only. Only limited summary data is available for this year.$0.52$0.02$0.49$0.38$0.47$0.10
2015Summary only. Only limited summary data is available for this year.$0.59$0.01$0.59$0.42$0.32$0.10
2014Summary only. Only limited summary data is available for this year.$0.49$0.00$0.49$0.35$0.24$0.10
2013Summary only. Only limited summary data is available for this year.$0.39$0.00$0.39$0.49$0.26$0.23
2012Summary only. Only limited summary data is available for this year.$0.18$0.02$0.16$0.29$0.23$0.06
2011Summary only. Only limited summary data is available for this year.$0.10$0.00$0.09$0.20$0.18$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.02$0.07$0.12$0.09$0.03