Civic Intelligence

Universal Promise

990 • Fiscal year 2017 • EIN 27-5162410

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 23, 2018

PO Box 128Newport, RI 02840

(401) 683-1617

Siviq Scores

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

Liabilities / Assets

68th percentile

0.03x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

8th percentile

-49%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

17th percentile

-27%

Faster asset growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2017

Revenue Growth

81st percentile

37%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2017

Assets

Down

$61,901

Down $53,371 (-46%) from 2015

Net Assets

Down

$60,320

Down $54,861 (-48%) from 2015

Liabilities

Up

$1,581

Up $1,490 (+1637%) from 2015

Revenue

Up

$284,001

Up $132,198 (+87%) from 2015

Expenses

Up

$422,069

Up $345,631 (+452%) from 2015

Net Income

Down

-$138,068

Down $213,433 (-283%) from 2015

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $77,929Liabilities 2012: $1,135Net Assets 2012: $76,7942012Assets 2013: $40,751Liabilities 2013: $680Net Assets 2013: $40,0712013Assets 2014: $49,022Liabilities 2014: $9,206Net Assets 2014: $39,8162014Assets 2015: $115,272Liabilities 2015: $91Net Assets 2015: $115,1812015Assets 2017: $61,901Liabilities 2017: $1,581Net Assets 2017: $60,3202017Assets 2018: $116,606Liabilities 2018: $1,081Net Assets 2018: $115,5252018Assets 2019: $133,299Liabilities 2019: $193Net Assets 2019: $133,1062019Assets 2020: $132,172Liabilities 2020: $12,166Net Assets 2020: $120,0062020Assets 2021: $152,296Liabilities 2021: $1,300Net Assets 2021: $150,9962021Assets 2022: $145,725Liabilities 2022: $3,059Net Assets 2022: $142,6662022Assets 2023: $174,432Liabilities 2023: $421Net Assets 2023: $174,0112023Assets 2024: $225,617Liabilities 2024: $3,187Net Assets 2024: $222,4302024

Highlighted filing

2017

Assets$61,901
Liabilities$1,581
Net Assets$60,320

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $34,1772012Revenue 2013: $82,605Expenses 2013: $119,328Net Income 2013: -$36,7232013Revenue 2014: $93,542Expenses 2014: $93,797Net Income 2014: -$2552014Revenue 2015: $151,803Expenses 2015: $76,438Net Income 2015: $75,3652015Revenue 2017: $284,001Expenses 2017: $422,069Net Income 2017: -$138,0682017Revenue 2018: $233,281Expenses 2018: $178,076Net Income 2018: $55,2052018Revenue 2019: $151,052Expenses 2019: $133,471Net Income 2019: $17,5812019Revenue 2020: $115,414Expenses 2020: $128,514Net Income 2020: -$13,1002020Revenue 2021: $201,076Expenses 2021: $170,086Net Income 2021: $30,9902021Revenue 2022: $220,819Expenses 2022: $229,149Net Income 2022: -$8,3302022Revenue 2023: $276,299Expenses 2023: $235,423Net Income 2023: $40,8762023Revenue 2024: $284,499Expenses 2024: $236,080Net Income 2024: $48,4192024

Highlighted filing

2017

Revenue$284,001
Expenses$422,069
Net Income-$138,068
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 23, 2018
Return Version
2017v2.2
Gross Receipts
$284,001
Mission and Program Overview

Mission

Universal Promise provides individuals and institutions in impoverished regions with the academic resources needed to ensure educational and career opportunities that will promote just, civil, and hopeful societies.

Description of organization mission: see attached additional information

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$197,329$60,641▼ $136,688
Inventories for Sale or Use$1,260$1,260→ $0
Total Assets$198,589$61,901▼ $136,688
Liabilities
Accounts Payable and Accrued Expenses$201$1,581▲ $1,380
Total Liabilities$201$1,581▲ $1,380
Net Assets / Fund Balance
Unrestricted Net Assets$198,388$60,320▼ $138,068
Total Net Assets Fund Balance$198,388$60,320▼ $138,068
Total Liabilities and Net Assets / Fund Balance$198,589$61,901▼ $136,688
Compensation and Service Providers

Board Members and Trustees

NameTitle
Risa WeinritChairperson
Martha T CummingsPresident
Theresa TimlinSecretary
Dana Mann-tavegiaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$283,943
Program Service Revenue
$0
Investment Income
$58
Other Revenue
$0
All Other Contributions
$283,943
Change in Net Assets
$-138,068
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$356,997
Other Expenses$65,072
Total Fundraising Expense$4,293
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$356,997--$356,997
Other Expenses$47,247$0$0$47,247
Occupancy$0$3,410$0$3,410
Fees for Services Accounting$0$130$0$130
Total Functional Expenses$414,236$3,540$4,293$422,069
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
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
Filing and Contact Details

Filer

Filer Name
Universal Promise
EIN
27-5162410
Phone
4016831617
Address
PO Box 128, Newport, RI 02840

Signing Officer

Name
Martha T Cummings
Title
Director
Phone
4016831617
Signed
2018-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martha T Cummings
Formed
2011
Legal Domicile
Ri
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
7

Preparer

Firm
Account-eze Inc
Address
324B COUNTY RD, BARRINGTON, RI 02806-2410
Preparer
Patricia Heath
Phone
4012451913
Supplemental Narrative

Additional Explanations

Pt VI, Line 12C

If an individual covered by the Conflict of Interest policy has a relationship with a business or with the people doing business with Universal Promise that could give rise to a conflict of interest, then we regularly monitor compliance with the policy by asking each individual covered by the policy to disclose, as need arises or, at minimum, on an annual basis, any such relationship or relationships that could give rise to a conflict of interest. To this point, given that individuals covered by the Conflict of Interest Policy have never had any such aforementioned relationship or relationships, no such need for disclosure has arisen.

Other

Part 1 Line 1 Universal Promise (UP) provides individuals and institutions in impoverished regions with the academic resources needed to ensure educational and career opportunities that will promote just, civil, and hopeful societies. Its most significant activities include the renovation of facilities, the provision of required school uniforms and materials, and investment in the triumvirate of traditional schooling, career-training, and healthcare education

Pt VI, Line 11B

Prior to the filing deadline, the director emails to the Board of Directors the following items: Form 990 and the other required tax documents. The Board of Directors is given a) several days to review the documents and b) a clear deadline for submitting comments via email. Sufficient time is allotted to address carefully each of the member's comments so that the director may submit Form 990 and other required tax documents in advance of the national filing deadline

Pt VI, Line 11B

The governing documents, conflict of interest policy, and financial statements are always accessible at www.guidestar.org, and those same documents, as well as copies of the Board of Director meeting minutes, are available upon request at Universal Promise, PO Box 128, Newport, RI 02840.

Raw XML Appendix324 raw XML fields

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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IRS990/ProgSrvcAccomActy2Grp/Desc0UP PROVIDES ELEMENTARY, SECONDARY, AND TERTIARY SCHOOL STUDENTS WITH SCHOOL UNIFORMS, WHICH ARE REQUIRED FOR SCHOOL ATTENDANCE IN SOUTH AFRICA, AND OTHER EDUCATIONAL MATERIALS TO ARM THEM WITH THE MATERIALS THEY REQUIRE TO ENHANCE THEIR CHANCES OF SUCCESS
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IRS990/ProgSrvcAccomActy3Grp/Desc0UP INVESTS IN EDUCATION ACROSS THE SPECTRUM OF TRADITIONAL SCHOOL, CAREER-TRAINING, AND HEALTHCARE THE THREE DOMAINS WORK IN CONCERT TO PROVIDE THE BEST CHANCES FOR A LEARNER'S SUCCESS IN A TRADITIONAL SCHOOL. EDUCATION, FINANCIAL INDEPENDENCE, AND GOOD HEALTH ARE INEXTRICABLY LINKED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0If an individual covered by the Conflict of Interest policy has a relationship with a business or with the people doing business with Universal Promise that could give rise to a conflict of interest, then we regularly monitor compliance with the policy by asking each individual covered by the policy to disclose, as need arises or, at minimum, on an annual basis, any such relationship or relationships that could give rise to a conflict of interest. To this point, given that individuals covered by the Conflict of Interest Policy have never had any such aforementioned relationship or relationships, no such need for disclosure has arisen.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Part 1 Line 1 Universal Promise (UP) provides individuals and institutions in impoverished regions with the academic resources needed to ensure educational and career opportunities that will promote just, civil, and hopeful societies. Its most significant activities include the renovation of facilities, the provision of required school uniforms and materials, and investment in the triumvirate of traditional schooling, career-training, and healthcare education
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Prior to the filing deadline, the director emails to the Board of Directors the following items: Form 990 and the other required tax documents. The Board of Directors is given a) several days to review the documents and b) a clear deadline for submitting comments via email. Sufficient time is allotted to address carefully each of the member's comments so that the director may submit Form 990 and other required tax documents in advance of the national filing deadline
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents, conflict of interest policy, and financial statements are always accessible at www.guidestar.org, and those same documents, as well as copies of the Board of Director meeting minutes, are available upon request at Universal Promise, PO Box 128, Newport, RI 02840.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt060320
IRS990/TotalProgramServiceExpensesAmt0414236
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0284001
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt058
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0198589
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt061901
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0198388
IRS990/UnrestrictedNetAssetsGrp/EOYAmt060320
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0340 Glen Road
IRS990/USAddress/CityNm0Portsmouth
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002871
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.universalpromise.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARTHA T CUMMINGS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04016831617
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Universal Promise
ReturnHeader/Filer/BusinessNameControlTxt0UNIV
ReturnHeader/Filer/EIN0275162410
ReturnHeader/Filer/PhoneNum04016831617
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 128
ReturnHeader/Filer/USAddress/CityNm0Newport
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002840
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0812062789AC860B9FE5678B05C98A9450BC749E5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0812062789AC860B9FE5678B05C98A9450BC749E5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.183.175.235
ReturnHeader/FilingSecurityInformation/IPDt02018-05-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm005:11:51
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ACCOUNT-EZE INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0324B COUNTY RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BARRINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0028062410
ReturnHeader/PreparerPersonGrp/PhoneNum04012451913
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICIA HEATH
ReturnHeader/ReturnTs02018-05-12T05:12:00-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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