Civic Intelligence

American Promise Schools

990 • Fiscal year 2016 • EIN 46-4341453

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 19, 2017

Organization ProfileWWW.AMERICANPROMISESCHOOLS.ORG

View Organization Page

15000 TrojanDetroit, MI 48235

(313) 462-2252

Siviq Scores

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

Liabilities / Assets

85th percentile

0.77x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

53rd percentile

0.21x

Higher debt load relative to revenue than 53% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

31st percentile

-2.8%

Higher net margin than 31% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

27th percentile

$67,293

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

7th percentile

-13%

Faster asset growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

97th percentile

241%

Faster revenue growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$1,538,968

Down $237,358 (-13%) from 2015

Net Assets

Down

$351,581

Down $152,899 (-30%) from 2015

Liabilities

Down

$1,187,387

Down $84,459 (-6.6%) from 2015

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin31st percentile

Revenue

Up

$5,559,442

Up $3,929,309 (+241%) from 2015

Expenses

Up

$5,712,341

Up $4,375,008 (+327%) from 2015

Net Income

Down

-$152,899

Down $445,699 (-152%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$3.0M$2.0M$1.0M$0Assets 2014: $524,948Liabilities 2014: $313,268Net Assets 2014: $211,6802014Assets 2015: $1,776,326Liabilities 2015: $1,271,846Net Assets 2015: $504,4802015Assets 2016: $1,538,968Liabilities 2016: $1,187,387Net Assets 2016: $351,5812016Assets 2017: $1,601,315Liabilities 2017: $1,047,536Net Assets 2017: $553,7792017Assets 2018: $1,641,348Liabilities 2018: $999,129Net Assets 2018: $642,2192018Assets 2019: $1,212,962Liabilities 2019: $893,968Net Assets 2019: $318,9942019Assets 2020: $2,985,429Liabilities 2020: $2,434,194Net Assets 2020: $551,2352020Assets 2021: $2,459,805Liabilities 2021: $832,676Net Assets 2021: $1,627,1292021Assets 2022: $2,158,911Liabilities 2022: $1,329,442Net Assets 2022: $829,4692022

Highlighted filing

2016

Assets$1,538,968
Liabilities$1,187,387
Net Assets$351,581
Open 2016 Filing

Operations Trend

Revenue Growth97th percentile

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

$10M$5.0M$0-$5.0MRevenue 2014: $774,597Expenses 2014: $645,858Net Income 2014: $128,7392014Revenue 2015: $1,630,133Expenses 2015: $1,337,333Net Income 2015: $292,8002015Revenue 2016: $5,559,442Expenses 2016: $5,712,341Net Income 2016: -$152,8992016Revenue 2017: $9,620,319Expenses 2017: $9,418,121Net Income 2017: $202,1982017Revenue 2018: $9,958,313Expenses 2018: $9,869,873Net Income 2018: $88,4402018Revenue 2019: $5,089,620Expenses 2019: $5,412,845Net Income 2019: -$323,2252019Revenue 2020: $6,505,752Expenses 2020: $6,273,511Net Income 2020: $232,2412020Revenue 2021: $7,688,968Expenses 2021: $6,613,074Net Income 2021: $1,075,8942021Revenue 2022: $4,086,969Expenses 2022: $4,884,629Net Income 2022: -$797,6602022

Highlighted filing

2016

Revenue$5,559,442
Expenses$5,712,341
Net Income-$152,899
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 19, 2017
Return Version
2015v3.0
Gross Receipts
$5,559,442
Mission and Program Overview

Mission

Our mission is simple make urban schools great. By great schools, we mean schools that place all students on the path to college and other post-secondary studies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,444,297$922,692▼ $521,605
Accounts Receivable$309,511$574,637▲ $265,126
Rtn Earn Endowment Incm Other Fnds$504,480$351,581▼ $152,899
Prepaid Expenses and Deferred Charges$15,000$36,000▲ $21,000
Land, Buildings, and Equipment, Net$7,518$5,639▼ $1,879
Total Assets$1,776,326$1,538,968▼ $237,358
Liabilities
Other Liabilities$982,839$825,345▼ $157,494
Unsecured Notes Loans Payable$250,000$227,847▼ $22,153
Accounts Payable and Accrued Expenses$39,007$134,195▲ $95,188
Total Liabilities$1,271,846$1,187,387▼ $84,459
Net Assets / Fund Balance
Total Net Assets Fund Balance$504,480$351,581▼ $152,899
Total Liabilities and Net Assets / Fund Balance$1,776,326$1,538,968▼ $237,358

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,639$3,758$9,397
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Joseph TenbuschChief Schools OfficerFT$67,293$67,293
Melisa HamannCEOFT$64,519$64,519
Douglas RossPresidentFT$48,977$48,977

Board Members and Trustees

NameTitle
Tiffany TaylorChair
Bob WaltersVice Chair
Saul GreenDirector
Lawerence JackierSecretary
Peter WaltersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$219,845
Program Service Revenue
$5,339,597
Investment Income
$0
Other Revenue
$0
All Other Contributions
$219,845
Change in Net Assets
$-152,899

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,559,442
Total Revenue per Audited Statements
$5,559,442
Total Revenue per Form 990
$5,559,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,258,238
Other Expenses$454,103
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,631,864$514,248-$4,146,112
Other Employee Benefits$473,942$119,492-$593,434
Current Officers, Directors, Trustees, and Key Employees-$444,403-$444,403
Fees for Services Accounting-$74,557-$74,557
Payroll Taxes-$74,289-$74,289
Information Technology$9,428$28,930-$38,358
Occupancy-$20,792-$20,792
Other Expenses$370$19,612-$19,612
Insurance-$16,565-$16,565
Fees for Services Legal-$14,643-$14,643
Office Expenses$3,080$6,271-$9,351
Advertising-$6,707-$6,707
Interest-$5,542-$5,542
All Other Expenses$3,692$478-$4,170
Depreciation Depletion-$1,879-$1,879
Conferences and Meetings$21$1,597-$1,618
Total Functional Expenses$4,166,527$1,545,814$0$5,712,341

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,712,341
Total Expenses per Audited Statements$5,712,341
Total Expenses per Form 990$5,712,341
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$825,345
Fiduciary Deposits Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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

“Once the form 990 is completed by the cpa, a copy of the form is delivered electronically to each board member for review prior to filing.”

Form 990, Part VI, Section B, Line 15A

“The board of directors is responsible for reviewing the performance and compensation of the ceo and the president annually.”

Form 990, Part VI, Section C, Line 19

“All governing documents are made available to the public upon request”

Filing and Contact Details

Filer

Filer Name
American Promise Schools
EIN
46-4341453
Phone
3134622252
Address
15000 TROJAN, DETROIT, MI 48235

Signing Officer

Name
melissa Hamman
Title
CEO
Signed
2017-01-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Hamann
Formed
2013
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
108

Preparer

Firm
Gregory Terrell & Company
Address
535 GRISWOLD STE 2000, DETROIT, MI 48226
Preparer
Gregory Terrell
Phone
3139650500
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0468200
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0411733
IRS990/PYProgramServiceRevenueAmt01161933
IRS990/PYRevenuesLessExpensesAmt0292800
IRS990/PYSalariesCompEmpBnftPaidAmt0925600
IRS990/PYTotalExpensesAmt01337333
IRS990/PYTotalRevenueAmt01630133
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-152899
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0351581
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04325651
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0468200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0526100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05319951
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt05319951
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04325651
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0468200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0526100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05319951
IRS990ScheduleA/TotalSupportAmt05319951
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/BookValueAmt05639
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03758
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09397
IRS990ScheduleD/ExpensesSubtotalAmt05712341
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0825345
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FIDUCIARY DEPOSITS PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt05559442
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05639
IRS990ScheduleD/TotalExpensesPerForm990Amt05712341
IRS990ScheduleD/TotalLiabilityAmt0825345
IRS990ScheduleD/TotalRevenuePerForm990Amt05559442
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05559442
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05712341
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ONCE THE FORM 990 IS COMPLETED BY THE CPA, A COPY OF THE FORM IS DELIVERED ELECTRONICALLY TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE AND COMPENSATION OF THE CEO AND THE PRESIDENT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01538968
IRS990/TotalAssetsGrp/BOYAmt01776326
IRS990/TotalAssetsGrp/EOYAmt01538968
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0219845
IRS990/TotalEmployeeCnt0108
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01545814
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04166527
IRS990/TotalFunctionalExpensesGrp/TotalAmt05712341
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01271846
IRS990/TotalLiabilitiesEOYAmt01187387
IRS990/TotalLiabilitiesGrp/BOYAmt01271846
IRS990/TotalLiabilitiesGrp/EOYAmt01187387
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0504480
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0351581
IRS990/TotalProgramServiceExpensesAmt04166527
IRS990/TotalProgramServiceRevenueAmt05339597
IRS990/TotalReportableCompFromOrgAmt0180789
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05559442
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01776326
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01538968
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0250000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0227847
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt015000 TROJAN
IRS990/USAddress/CityNm0DETROIT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048235
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.AMERICANPROMISESCHOOLS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0melissa Hamman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMERICAN PROMISE SCHOOLS
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0464341453
ReturnHeader/Filer/PhoneNum03134622252
ReturnHeader/Filer/USAddress/AddressLine1Txt015000 TROJAN
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048235
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREGORY TERRELL & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0535 GRISWOLD STE 2000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DETROIT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048226
ReturnHeader/PreparerPersonGrp/PhoneNum03139650500
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-19

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,538,968
Liabilities
$1,187,387
Net assets
$351,581
Revenue
$5,559,442
Expenses
$5,712,341
Net income
-$152,899
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$2.16$1.33$0.83$4.09$4.88$0.80
2021Detailed filing. Detailed filing data is available for this year.$2.46$0.83$1.63$7.69$6.61$1.08
2020Detailed filing. Detailed filing data is available for this year.$2.99$2.43$0.55$6.51$6.27$0.23
2019Detailed filing. Detailed filing data is available for this year.$1.21$0.89$0.32$5.09$5.41$0.32
2018Detailed filing. Detailed filing data is available for this year.$1.64$1.00$0.64$9.96$9.87$0.09
2017Summary only. Only limited summary data is available for this year.$1.60$1.05$0.55$9.62$9.42$0.20
2016Detailed filing. Detailed filing data is available for this year.$1.54$1.19$0.35$5.56$5.71$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.78$1.27$0.50$1.63$1.34$0.29
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.31$0.21$0.77$0.65$0.13