Civic Intelligence

Proverbs 226

990 • Fiscal year 2022 • EIN 45-4417763

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 20, 2023

Organization Profilewww.proverbs226.org
11 Union St SConcord, NC 28025

(631) 671-3316

Siviq Scores

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

Liabilities / Assets

96th percentile

0.80x

Higher debt load relative to assets than 96% of similar nonprofits.

2022 filings • NTEE B82 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

0.21x

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

2022 filings • NTEE B82 • <$500k nonprofits • Source year 2022

Net Margin

34th percentile

-5.7%

Higher net margin than 34% of similar nonprofits.

2022 filings • NTEE B82 • <$500k nonprofits • Source year 2022

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

2022 filings • NTEE B82 • <$500k nonprofits • Source year 2022

Asset Growth

95th percentile

132%

Faster asset growth than 95% of similar nonprofits.

2022 filings • NTEE B82 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

51st percentile

3.9%

Faster revenue growth than 51% of similar nonprofits.

2022 filings • NTEE B82 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$60,292

Up $34,357 (+132%) from 2021

Net Assets

Down

$12,174

Down $5,443 (-31%) from 2021

Liabilities

Up

$48,118

Up $39,800 (+478%) from 2021

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin34th percentile

Revenue

Up

$223,980

Up $8,494 (+3.9%) from 2021

Expenses

Up

$236,707

Up $41,700 (+21%) from 2021

Net Income

Down

-$12,727

Down $33,206 (-162%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$40M$30M$20M$10M$0-$10MAssets 2014: $3,516Net Assets 2014: $3,5162014Assets 2015: $9,571Net Assets 2015: $9,5712015Assets 2016: $25,987Liabilities 2016: $25,334Net Assets 2016: $6532016Assets 2018: $20,482Liabilities 2018: $16,205Net Assets 2018: $4,2772018Assets 2019: $20,855Liabilities 2019: $12,447Net Assets 2019: $8,4082019Assets 2020: $11,708Liabilities 2020: $12,538Net Assets 2020: -$8302020Assets 2021: $25,935Liabilities 2021: $8,318Net Assets 2021: $17,6172021Assets 2022: $60,292Liabilities 2022: $48,118Net Assets 2022: $12,1742022Assets 2023: $53,754Liabilities 2023: $0Net Assets 2023: $53,7542023Assets 2024: $39,889,964Liabilities 2024: $0Net Assets 2024: $39,889,9642024

Highlighted filing

2022

Assets$60,292
Liabilities$48,118
Net Assets$12,174
Open 2022 Filing

Operations Trend

Revenue Growth51st percentile

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

$60M$40M$20M$0-$20MRevenue 2014: $59,925Expenses 2014: $59,119Net Income 2014: $8062014Revenue 2015: $123,004Expenses 2015: $116,949Net Income 2015: $6,0552015Revenue 2016: $230,971Expenses 2016: $240,891Net Income 2016: -$9,9202016Revenue 2018: $354,188Expenses 2018: $366,895Net Income 2018: -$12,7072018Revenue 2019: $214,198Expenses 2019: $208,376Net Income 2019: $5,8222019Revenue 2020: $209,226Expenses 2020: $214,706Net Income 2020: -$5,4802020Revenue 2021: $215,486Expenses 2021: $195,007Net Income 2021: $20,4792021Revenue 2022: $223,980Expenses 2022: $236,707Net Income 2022: -$12,7272022Revenue 2023: $272,607Expenses 2023: $231,027Net Income 2023: $41,5802023Revenue 2024: $40,468,521Expenses 2024: $632,311Net Income 2024: $39,836,2102024

Highlighted filing

2022

Revenue$223,980
Expenses$236,707
Net Income-$12,727
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 20, 2023
Return Version
2022v5.0
Gross Receipts
$223,980
Mission and Program Overview

Mission

Proverbs226 is an evidence-based non-profit committed to healing families affected by parental incarceration. We are breaking the cycle of generational incarceration and awakening the potential within each child by empowering them to pursue a sustainable career.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$22,873$56,634▲ $33,761
Land, Buildings, and Equipment, Net$3,062$3,431▲ $369
Other Notes and Loans Receivable, Net-$227-
Total Assets$25,935$60,292▲ $34,357
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,318$48,118▲ $39,800
Total Liabilities$8,318$48,118▲ $39,800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,617$12,174▼ $5,443
Total Net Assets Fund Balance$17,617$12,174▼ $5,443
Total Liabilities and Net Assets / Fund Balance$25,935$60,292▲ $34,357

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,325--
Compensation and Service Providers
Top Officer Pay95th percentile

Board Members and Trustees

NameTitle
Cyril PrabhuPresident
Daniel MichielsDirector
David AntonyDirector
Jim NashDirector
Jim SewardDirector
Paul AtkinsonDirector
Phyllis FinchDirector
Sarah JacksonDirector
Selva DevadosDirector
Catina GoodeKey Employee
Revenue and Support

Revenue Composition

Contributions and Grants
$223,980
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$223,980
Change in Net Assets
$-12,727

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$177,788
Salaries, Compensation, and Employee Benefits$58,419
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$56,876$0$0$56,876
Other Salaries and Wages$26,693$26,693$0$53,386
All Other Expenses$0$11,957$0$11,957
Occupancy$0$11,814$0$11,814
Payroll Taxes$0$5,033$0$5,033
Office Expenses$0$2,470$0$2,470
Advertising$0$1,299$0$1,299
Depreciation Depletion$0$1,014$0$1,014
Grants to Domestic Orgs$500--$500
Total Functional Expenses$176,427$60,280$0$236,707
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 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
Yes
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
Filing and Contact Details

Filer

Filer Name
Proverbs 226
EIN
45-4417763
Phone
6316713316
Address
11 Union St S, Concord, NC 28025

Signing Officer

Name
Daniel Michiels
Title
Treasurer
Phone
6316713316
Signed
2023-07-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cyril Prabhu
Formed
2012
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
200

Preparer

Firm
D Michiels CPA PLLC
Address
37 Union St S Ste D, Concord, NC 28025
Preparer
Daniel Michiels
Phone
9807810776
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“A copy of this filing has been provided to all current members of the board for review and approval prior to filing.”

Pt VI, Line 12C

“All board members are required to notify the board of any conflicts of interest that should arise during their tenure on the board.”

Pt VI, Line 15A

“No officers or board members currently receive compensation from the organization.”

Pt VI, Line 15B

“Employee compensation is in agreement with payscale.com and glassdoor.com average salaries for comparable positions. The board reviews and approves all salaries prior to employement.”

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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0223980
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0215486
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0209226
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0214198
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0354188
IRS990ScheduleA/Total509Grp/TotalAmt01217078
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01217078
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt029325
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt029325
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029325
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of this filing has been provided to all current members of the board for review and approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board members are required to notify the board of any conflicts of interest that should arise during their tenure on the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No officers or board members currently receive compensation from the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Employee compensation is in agreement with payscale.com and glassdoor.com average salaries for comparable positions. The board reviews and approves all salaries prior to employement.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt025935
IRS990/TotalAssetsEOYAmt060292
IRS990/TotalAssetsGrp/BOYAmt025935
IRS990/TotalAssetsGrp/EOYAmt060292
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0223980
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060280
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0176427
IRS990/TotalFunctionalExpensesGrp/TotalAmt0236707
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08318
IRS990/TotalLiabilitiesEOYAmt048118
IRS990/TotalLiabilitiesGrp/BOYAmt08318
IRS990/TotalLiabilitiesGrp/EOYAmt048118
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017617
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012174
IRS990/TotalProgramServiceExpensesAmt0176427
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0223980
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025935
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt060292
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03122 Fincher Farm Rd Ste 100-531
IRS990/USAddress/CityNm0Matthews
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028105
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.proverbs226.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Daniel Michiels
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06316713316
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Proverbs 226
ReturnHeader/Filer/BusinessNameControlTxt0PROV
ReturnHeader/Filer/EIN0454417763
ReturnHeader/Filer/PhoneNum06316713316
ReturnHeader/Filer/USAddress/AddressLine1Txt011 Union St S
ReturnHeader/Filer/USAddress/CityNm0Concord
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028025
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0842249554
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0D Michiels CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt037 Union St S Ste D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Concord
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028025
ReturnHeader/PreparerPersonGrp/PhoneNum09807810776
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Daniel Michiels
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-14T11:11:51-08:00
ReturnHeader/ReturnTypeCd0990

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$60,292
Liabilities
$48,118
Net assets
$12,174
Revenue
$223,980
Expenses
$236,707
Net income
-$12,727
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$39.9$0.00$39.9$40.5$0.63$39.8
2023Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.27$0.23$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.06$0.05$0.01$0.22$0.24$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.02$0.22$0.20$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00$0.21$0.21$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.01$0.21$0.21$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.00$0.35$0.37$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.00$0.23$0.24$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.12$0.12$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.06$0.06$0.00