Civic Intelligence

Promise Academy

990 • Fiscal year 2018 • EIN 35-2519571

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 03, 2019

Organization Profilewww.promisetyler.org

View Organization Page

504 W 32nd StTyler, TX 75702

(903) 630-7369

Siviq Scores

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

Liabilities / Assets

70th percentile

0.03x

Higher debt load relative to assets than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

43rd percentile

0.6%

Higher net margin than 43% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

83rd percentile

$18,462

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

50th percentile

1.6%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

81st percentile

35%

Faster revenue growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$139,187

Up $2,196 (+1.6%) from 2017

Net Assets

Up

$135,031

Up $2,010 (+1.5%) from 2017

Liabilities

Up

$4,156

Up $186 (+4.7%) from 2017

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin43rd percentile

Revenue

Up

$319,808

Up $83,345 (+35%) from 2017

Expenses

Up

$317,798

Up $71,250 (+29%) from 2017

Net Income

Up

$2,010

Up $12,095 (+120%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2016: $145,799Liabilities 2016: $2,693Net Assets 2016: $143,1062016Assets 2017: $136,991Liabilities 2017: $3,970Net Assets 2017: $133,0212017Assets 2018: $139,187Liabilities 2018: $4,156Net Assets 2018: $135,0312018Assets 2020: $1,278,859Liabilities 2020: $83,002Net Assets 2020: $1,195,8572020Assets 2021: $1,486,087Liabilities 2021: $179,228Net Assets 2021: $1,306,8592021Assets 2022: $1,347,405Liabilities 2022: $2,377Net Assets 2022: $1,345,0282022Assets 2023: $1,247,574Liabilities 2023: $6,391Net Assets 2023: $1,241,1832023Assets 2024: $988,795Liabilities 2024: $3,849Net Assets 2024: $984,9462024Assets 2025: $942,517Liabilities 2025: -$3,720Net Assets 2025: $946,2372025

Highlighted filing

2018

Assets$139,187
Liabilities$4,156
Net Assets$135,031
Open 2018 Filing

Operations Trend

Revenue Growth81st percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2016: $219,020Expenses 2016: $147,513Net Income 2016: $71,5072016Revenue 2017: $236,463Expenses 2017: $246,548Net Income 2017: -$10,0852017Revenue 2018: $319,808Expenses 2018: $317,798Net Income 2018: $2,0102018Revenue 2020: $1,697,283Expenses 2020: $608,214Net Income 2020: $1,089,0692020Revenue 2021: $918,927Expenses 2021: $836,592Net Income 2021: $82,3352021Revenue 2022: $1,012,585Expenses 2022: $939,087Net Income 2022: $73,4982022Revenue 2023: $971,713Expenses 2023: $1,086,492Net Income 2023: -$114,7792023Revenue 2024: $902,851Expenses 2024: $1,169,161Net Income 2024: -$266,3102024Revenue 2025: $1,228,248Expenses 2025: $1,266,272Net Income 2025: -$38,0242025

Highlighted filing

2018

Revenue$319,808
Expenses$317,798
Net Income$2,010
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 3, 2019
Return Version
2018v3.1
Gross Receipts
$328,929
Mission and Program Overview

Mission

Promise Academy cultivates wise, creative, and compassionate leaders through exemplary Christ-centered education in North Tyler for the joy of our city and the glory of God.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$71,019$74,942▲ $3,923
Land, Buildings, and Equipment, Net$65,972$64,245▼ $1,727
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$136,991$139,187▲ $2,196
Other Assets Total-$0-
Liabilities
Other Liabilities$3,970$4,156▲ $186
Total Liabilities$3,970$4,156▲ $186
Net Assets / Fund Balance
Unrestricted Net Assets$133,021$135,031▲ $2,010
Total Net Assets Fund Balance$133,021$135,031▲ $2,010
Total Liabilities and Net Assets / Fund Balance$136,991$139,187▲ $2,196

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$64,245$4,878$69,123
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sarah CummingHead of SchoolFT$18,462$18,462

Board Members and Trustees

NameTitle
Alan CummingPresident
Cynthia FreemanMember
Krista WallaceMember
Mary BerryMember
Ricky GarnerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$290,249
Program Service Revenue
$38,680
Investment Income
$0
Other Revenue
$-9,121
All Other Contributions
$275,999
Change in Net Assets
$2,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$217,050
Other Expenses$100,748
Total Fundraising Expense$755
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$138,074$44,751-$182,825
Occupancy$38,743$2,189-$40,932
Current Officers, Directors, Trustees, and Key Employees$18,462--$18,462
Payroll Taxes$14,975$788-$15,763
All Other Expenses$4,929$2,546$755$8,230
Fees for Services Accounting-$6,270-$6,270
Insurance-$6,250-$6,250
Office Expenses$2,904--$2,904
Depreciation Depletion-$1,727-$1,727
Other Expenses$1,676--$1,676
Advertising$111--$111
Total Functional Expenses$252,522$64,521$755$317,798
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,121
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
Payroll liabilities$4,156
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“The head of school is married to the chairman of the board of trustees.”

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

“A draft of the return was provided to the board for their review at their board meeting. Once approved by the board, the return was filed.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization regularly and consistently monitors and enforces compliance with their conflict of interest policy by reviewing the policy at board meetings. Any potential conflicts are discussed and handled as they arise.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The independent members of the board approve the compensation in a regularly scheduled board meeting and their decision is recorded in the minutes.”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Promise Academy
EIN
35-2519571
Phone
9036307369
Address
504 W 32nd St, TYLER, TX 75702

Signing Officer

Name
Alan Cumming
Title
President
Signed
2019-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Cumming
Formed
2014
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
4
Employees
21
Volunteers
50

Preparer

Firm
Prothro Wilhelmi & Company PLLC
Address
6855 Oak Hill Blvd, Tyler, TX 75703
Preparer
Walter K Wilhelmi
Phone
9035348811
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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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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt064245
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04878
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt069123
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04156
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt064245
IRS990ScheduleD/TotalLiabilityAmt04156
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE HEAD OF SCHOOL IS MARRIED TO THE CHAIRMAN OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE RETURN WAS PROVIDED TO THE BOARD FOR THEIR REVIEW AT THEIR BOARD MEETING. ONCE APPROVED BY THE BOARD, THE RETURN WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization regularly and consistently monitors and enforces compliance with their conflict of interest policy by reviewing the policy at board meetings. Any potential conflicts are discussed and handled as they arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The independent members of the board approve the compensation in a regularly scheduled board meeting and their decision is recorded in the minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents available to the public.
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 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0136991
IRS990/TotalAssetsEOYAmt0139187
IRS990/TotalAssetsGrp/BOYAmt0136991
IRS990/TotalAssetsGrp/EOYAmt0139187
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0290249
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0755
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064521
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0252522
IRS990/TotalFunctionalExpensesGrp/TotalAmt0317798
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03970
IRS990/TotalLiabilitiesEOYAmt04156
IRS990/TotalLiabilitiesGrp/BOYAmt03970
IRS990/TotalLiabilitiesGrp/EOYAmt04156
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0133021
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0135031
IRS990/TotalProgramServiceExpensesAmt0252522
IRS990/TotalProgramServiceRevenueAmt038680
IRS990/TotalReportableCompFromOrgAmt018462
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt038680
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0319808
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0136991
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0139187
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0133021
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0135031
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0504 W 32nd St
IRS990/USAddress/CityNm0TYLER
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075702
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.promisetyler.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALAN CUMMING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROMISE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0PROM
ReturnHeader/Filer/EIN0352519571
ReturnHeader/Filer/PhoneNum09036307369
ReturnHeader/Filer/USAddress/AddressLine1Txt0504 W 32nd St
ReturnHeader/Filer/USAddress/CityNm0TYLER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075702
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742804360
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Prothro Wilhelmi & Company PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06855 Oak Hill Blvd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tyler
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075703
ReturnHeader/PreparerPersonGrp/PhoneNum09035348811
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Walter K Wilhelmi
ReturnHeader/ReturnTs02019-09-03T11:12:04-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$139,187
Liabilities
$4,156
Net assets
$135,031
Revenue
$319,808
Expenses
$317,798
Net income
$2,010
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.95$1.23$1.27$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.98$0.90$1.17$0.27
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.01$1.24$0.97$1.09$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$1.01$0.94$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.18$1.31$0.92$0.84$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.28$0.08$1.20$1.70$0.61$1.09
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.32$0.32$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.13$0.24$0.25$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.14$0.22$0.15$0.07