Civic Intelligence

Libertys Promise Inc.

990 • Fiscal year 2014 • EIN 27-0058022

Jan 01, 2014 to Dec 31, 2014 • Filed on May 14, 2015

2900A Jefferson Davis HighwayAlexandria, VA 22305-3023

(703) 549-9950

Siviq Scores

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

Liabilities / Assets

71st percentile

0.24x

Higher debt load relative to assets than 71% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

68th percentile

0.14x

Higher debt load relative to revenue than 68% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

78th percentile

$70,000

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

86th percentile

35%

Faster asset growth than 86% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

66%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$432,339

Up $112,857 (+35%) from 2013

Net Assets

Up

$328,668

Up $84,349 (+35%) from 2013

Liabilities

Up

$103,671

Up $28,508 (+38%) from 2013

Revenue

Up

$730,614

Up $290,994 (+66%) from 2013

Expenses

Up

$646,265

Up $144,234 (+29%) from 2013

Net Income

Up

$84,349

Up $146,760 (+235%) from 2013

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: $489,529Liabilities 2010: $157,963Net Assets 2010: $331,5662010Assets 2011: $481,815Liabilities 2011: $168,677Net Assets 2011: $313,1382011Assets 2012: $388,879Liabilities 2012: $82,149Net Assets 2012: $306,7302012Assets 2013: $319,482Liabilities 2013: $75,163Net Assets 2013: $244,3192013Assets 2014: $432,339Liabilities 2014: $103,671Net Assets 2014: $328,6682014Assets 2015: $479,322Liabilities 2015: $136,999Net Assets 2015: $342,3232015Assets 2016: $473,789Liabilities 2016: $136,026Net Assets 2016: $337,7632016Assets 2017: $450,098Liabilities 2017: $124,278Net Assets 2017: $325,8202017Assets 2018: $444,618Liabilities 2018: $136,202Net Assets 2018: $308,4162018Assets 2019: $454,885Liabilities 2019: $60,704Net Assets 2019: $394,1812019Assets 2020: $807,207Liabilities 2020: $342,284Net Assets 2020: $464,9232020Assets 2021: $1,235,221Liabilities 2021: $463,913Net Assets 2021: $771,3082021Assets 2022: $1,164,458Liabilities 2022: $293,812Net Assets 2022: $870,6462022Assets 2024: $1,123,347Liabilities 2024: $298,962Net Assets 2024: $824,3852024

Highlighted filing

2014

Assets$432,339
Liabilities$103,671
Net Assets$328,668

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $434,5562010Expenses 2011: $454,2962011Expenses 2012: $529,3412012Revenue 2013: $439,620Expenses 2013: $502,031Net Income 2013: -$62,4112013Revenue 2014: $730,614Expenses 2014: $646,265Net Income 2014: $84,3492014Revenue 2015: $793,546Expenses 2015: $779,670Net Income 2015: $13,8762015Revenue 2016: $874,280Expenses 2016: $878,945Net Income 2016: -$4,6652016Revenue 2017: $864,737Expenses 2017: $876,528Net Income 2017: -$11,7912017Revenue 2018: $896,267Expenses 2018: $913,177Net Income 2018: -$16,9102018Revenue 2019: $998,467Expenses 2019: $912,853Net Income 2019: $85,6142019Revenue 2020: $915,377Expenses 2020: $844,084Net Income 2020: $71,2932020Revenue 2021: $1,306,264Expenses 2021: $1,003,224Net Income 2021: $303,0402021Revenue 2022: $1,299,410Expenses 2022: $1,198,745Net Income 2022: $100,6652022Revenue 2024: $1,395,393Expenses 2024: $1,426,800Net Income 2024: -$31,4072024

Highlighted filing

2014

Revenue$730,614
Expenses$646,265
Net Income$84,349
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 14, 2015
Return Version
2014v5.0
Gross Receipts
$730,614
Mission and Program Overview

Mission

Liberty's promise supports young immigrants in need while encouraging them to be active and conscientious american citizens. The organization's programs aim to make the immigrant experience an affirmative one for young newcomers while instilling in them a sense of pride and support for american ideals of democracy and freedom. By doing so, liberty's promise seeks to reaffirm this country's fundamental egalitarian and democratic traditions for future generations.

Liberty's Promise supports young immigrants in need while encouraging them to be active and conscientious American citizens. The organization's programs aim to make the immigrant experience an affirmative one for young newcomers while instilling in them a sense of pride and support for American ideals of democracy and freedom. By doing so, Liberty's Promiseseeks to reaffirm this country's fundamental egalitarian and democratic traditions for future generations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$186,454$263,097▲ $76,643
Pledges and Grants Receivable$110,358$132,772▲ $22,414
Land, Buildings, and Equipment, Net$16,810$14,265▼ $2,545
Prepaid Expenses and Deferred Charges$4,022$4,442▲ $420
Investments Other Securities-$925-
Total Assets$319,482$432,339▲ $112,857
Other Assets Total$1,838$16,838▲ $15,000
Liabilities
Deferred Revenue$50,922$60,234▲ $9,312
Accounts Payable and Accrued Expenses$24,241$43,437▲ $19,196
Total Liabilities$75,163$103,671▲ $28,508
Net Assets / Fund Balance
Unrestricted Net Assets$207,423$261,668▲ $54,245
Temporarily Rstr Net Assets$36,896$67,000▲ $30,104
Total Net Assets Fund Balance$244,319$328,668▲ $84,349
Total Liabilities and Net Assets / Fund Balance$319,482$432,339▲ $112,857

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,265$21,936$36,201
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert PonichteraExecutive directorFT$70,000$70,000

Board Members and Trustees

NameTitle
Krista HendryChairperson
Jack McLindonBoard member
Jonathan Jayes-GreenBoard member
Marcos MoyaBoard member
Shuchi BatraSecretary
Andrew E Young CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$729,178
Program Service Revenue
$0
Investment Income
$466
Other Revenue
$970
All Other Contributions
$429,799
Change in Net Assets
$84,349

Audited Revenue Reconciliation

Revenue per Audited Statements
$730,614
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$23,900
Total Revenue per Audited Statements
$754,514
Total Revenue per Form 990
$730,614
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$346,409
Other Expenses$241,904
Grants and Similar Amounts Paid$57,952
Total Fundraising Expense$26,079
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$174,609$42,817$12,442$229,868
Current Officers, Directors, Trustees, and Key Employees$52,500$14,000$3,500$70,000
Grants to Domestic Individuals$57,952--$57,952
Other Employee Benefits$20,592$4,513-$25,105
Payroll Taxes$16,545$4,064$827$21,436
Occupancy$14,791$3,722$753$19,266
Office Expenses$3,540$2,225$1,931$7,696
All Other Expenses$1,137$4,419$1,332$6,888
Travel$3,907$2,444$169$6,520
Other Expenses$5,391$284$302$5,977
Depreciation Depletion$1,635$2,450-$4,085
Insurance-$3,996-$3,996
Information Technology$993$499$81$1,573
Total Functional Expenses$528,609$91,577$26,079$646,265

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$670,165
Expenses per Audited Statements$646,265
Total Expenses per Form 990$646,265
Expenses Not Reported on Form 990$23,900
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

Line 11a explanation - The tax return is reviewed by the executive director and then forwarded to the full board for their vote and approval.

Form 990, Part VI, Section B, line 12C

Each member of staff and board are required to disclose immediately of any potential conflicts of interest

Form 990, Part VI, Section C, line 19

The financial statments, governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Liberty's Promise
EIN
27-0058022
Phone
7035499950
Address
2900A Jefferson Davis Highway, Alexandria, VA 22305-3023

Signing Officer

Name
Robert Ponichtera
Title
Executive Director
Phone
7035499950
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Ponichtera
Formed
2003
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
6
Employees
9
Volunteers
50

Preparer

Firm
Farmer & First PC CPA's
Address
Six State Street, Warren, RI 02885
Preparer
Robert M First CPA
Phone
8772669942
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IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0429799
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0247181
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0333782
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0334852
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0374595
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01720209
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0466
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0538
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0668
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0370
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02494
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0970
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0901
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01875
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99750
IRS990ScheduleA/PublicSupportPY170Pct00.99660
IRS990ScheduleA/PublicSupportTotal170Amt01720209
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0429799
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0247181
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0333782
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0334852
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0374595
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01720209
IRS990ScheduleA/TotalSupportAmt01724578
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt023900
IRS990ScheduleD/DonatedServicesUseFcltsAmt023900
IRS990ScheduleD/EquipmentGrp/BookValueAmt014265
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021936
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036201
IRS990ScheduleD/ExpensesNotReportedAmt023900
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0646265
IRS990ScheduleD/RevenueNotReportedAmt023900
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0730614
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014265
IRS990ScheduleD/TotalExpensesPerForm990Amt0646265
IRS990ScheduleD/TotalRevenuePerForm990Amt0730614
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0754514
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0670165
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt057952
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Liberty's Promise administers grants awarded by the nonprofit organization New Futures for the educational needs of low-income youth who are usually the first in their family to go on to higher education. Grants are disbursed for tuition, books, computers and transportation needs.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt037
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Check disbursements
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0We monitor the use of grant funds by maintaining contact with the institutions of higher education where the students are enrolled, monitoring the students' current enrollment status, their grades, and their ability to maintain a greade-point average of 2.0. Funds are normally disbursed to the institution of higher education after verification of the students' good standing. In the case when a student purchases an allowable item, we collect the receipt before issuing a reimbursement.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Line 11a explanation - The tax return is reviewed by the executive director and then forwarded to the full board for their vote and approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each member of staff and board are required to disclose immediately of any potential conflicts of interest
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The financial statments, governing documents and conflict of interest policy are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt036896
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt067000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0319482
IRS990/TotalAssetsEOYAmt0432339
IRS990/TotalAssetsGrp/BOYAmt0319482
IRS990/TotalAssetsGrp/EOYAmt0432339
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0729178
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt026079
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt091577
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0528609
IRS990/TotalFunctionalExpensesGrp/TotalAmt0646265
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt075163
IRS990/TotalLiabilitiesEOYAmt0103671
IRS990/TotalLiabilitiesGrp/BOYAmt075163
IRS990/TotalLiabilitiesGrp/EOYAmt0103671
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0244319
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0328668
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0528609
IRS990/TotalReportableCompFromOrgAmt070000
IRS990/TotalRevenueGrp/ExclusionAmt0466
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0970
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0730614
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0319482
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0432339
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0169
IRS990/TravelGrp/ManagementAndGeneralAmt02444
IRS990/TravelGrp/ProgramServicesAmt03907
IRS990/TravelGrp/TotalAmt06520
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0207423
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0261668
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02900A Jefferson Davis Highway
IRS990/USAddress/CityNm0Alexandria
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022305
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.libertyspromise.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Ponichtera
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07035499950
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Liberty's Promise
ReturnHeader/Filer/BusinessNameControlTxt0LIBE
ReturnHeader/Filer/EIN0270058022
ReturnHeader/Filer/PhoneNum07035499950

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.30$0.82$1.40$1.43$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.29$0.87$1.30$1.20$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.46$0.77$1.31$1.00$0.30
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.34$0.46$0.92$0.84$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.06$0.39$1.00$0.91$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.14$0.31$0.90$0.91$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.12$0.33$0.86$0.88$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.14$0.34$0.87$0.88$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.48$0.14$0.34$0.79$0.78$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.43$0.10$0.33$0.73$0.65$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.32$0.08$0.24$0.44$0.50$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.08$0.31$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.17$0.31$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.16$0.33$0.43