Civic Intelligence

American Promise Schools

990 • Fiscal year 2018 • EIN 46-4341453

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 30, 2019

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

80th percentile

0.61x

Higher debt load relative to assets than 80% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.10x

Higher debt load relative to revenue than 38% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

43rd percentile

0.9%

Higher net margin than 43% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

56th percentile

$134,689

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

53rd percentile

2.5%

Faster asset growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

49th percentile

3.5%

Faster revenue growth than 49% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$1,641,348

Up $40,033 (+2.5%) from 2017

Net Assets

Up

$642,219

Up $88,440 (+16%) from 2017

Liabilities

Down

$999,129

Down $48,407 (-4.6%) from 2017

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin43rd percentile

Revenue

Up

$9,958,313

Up $337,994 (+3.5%) from 2017

Expenses

Up

$9,869,873

Up $451,752 (+4.8%) from 2017

Net Income

Down

$88,440

Down $113,758 (-56%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2018

Assets$1,641,348
Liabilities$999,129
Net Assets$642,219
Open 2018 Filing

Operations Trend

Revenue Growth49th 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

2018

Revenue$9,958,313
Expenses$9,869,873
Net Income$88,440
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 30, 2019
Return Version
2017v2.3
Gross Receipts
$9,958,313
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$894,824$1,086,055▲ $191,231
Accounts Receivable$693,779$524,150▼ $169,629
Prepaid Expenses and Deferred Charges$4,557$25,967▲ $21,410
Land, Buildings, and Equipment, Net$8,155$5,176▼ $2,979
Total Assets$1,601,315$1,641,348▲ $40,033
Liabilities
Other Liabilities$758,660$822,714▲ $64,054
Unsecured Notes Loans Payable$182,537$135,852▼ $46,685
Accounts Payable and Accrued Expenses$106,339$40,563▼ $65,776
Total Liabilities$1,047,536$999,129▼ $48,407
Net Assets / Fund Balance
Unrestricted Net Assets$458,205$548,155▲ $89,950
Temporarily Rstr Net Assets$95,574$94,064▼ $1,510
Total Net Assets Fund Balance$553,779$642,219▲ $88,440
Total Liabilities and Net Assets / Fund Balance$1,601,315$1,641,348▲ $40,033

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,176$9,715$14,891
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Melisa HamannCEOFT$134,689$134,689
Jeffery MaxwellPrincipalFT$123,923$123,923
Joseph TenbuschChief Schools OfficerFT$123,915$123,915
Jeremy LinneChief Academic OfficerFT$117,969$117,969
Dari TajhridCFOFT$110,885$110,885

Board Members and Trustees

NameTitle
Bob WaltersChair
Andrew ColomDirector
Rico RazoDirector
Tyrone DavenportDirector
Saul GreenMember
Geneva WilliamsMemebr
Lawerence JackierSecretary
Peter WaltersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$159,724
Program Service Revenue
$9,798,589
Investment Income
$0
Other Revenue
$0
All Other Contributions
$159,724
Change in Net Assets
$88,440

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,958,313
Total Revenue per Audited Statements
$9,958,313
Total Revenue per Form 990
$9,958,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,518,722
Other Expenses$351,151
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,326,797$1,157,421-$8,484,218
Other Employee Benefits$694,009$205,806-$899,815
Current Officers, Directors, Trustees, and Key Employees$114,485$20,204-$134,689
Information Technology-$55,453-$55,453
All Other Expenses$47,704--$47,704
Other Expenses$34,000$30,556-$30,556
Insurance-$24,258-$24,258
Fees for Services Legal-$21,135-$21,135
Fees for Services Accounting-$18,742-$18,742
Advertising-$17,276-$17,276
Office Expenses-$13,987-$13,987
Interest-$4,954-$4,954
Depreciation Depletion-$2,979-$2,979
Occupancy-$1,305-$1,305
Travel-$1,206-$1,206
Total Functional Expenses$8,220,923$1,648,950$0$9,869,873

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,869,873
Total Expenses per Audited Statements$9,869,873
Total Expenses per Form 990$9,869,873
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$822,714
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 12

“The organization regularily and consistently monitor and enforce compliance with regard to conflict of interest policy and request from the board members to disclose if any arise.”

Form 990, Part VI, Section B, Line 15

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

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, financial statements and conflict of interest policy available to the public upon request.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Melissa Hamann
Title
CEO
Signed
2019-04-30
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
237

Preparer

Firm
Gregory Terrell & Company
Address
613 ABBOTT STREET 3RD FLOOR, DETROIT, MI 48226
Preparer
Gregory Terrell
Phone
3139650500
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IRS990/OtherExpensesGrp/ProgramServicesAmt03928
IRS990/OtherExpensesGrp/ProgramServicesAmt134000
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01157421
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IRS990/PrincipalOfficerNm0MELISSA HAMANN
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18135290
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05003185
IRS990/ProgSrvcAccomActy3Grp/Desc0MACDOWELL PREPARATORY ACADEMY - PROGRAM REIMBURSEMENT PROMISE SCHOOLS EMPLOYEES ARE CONTRACTED TO THE ACADEMY AND THE ACADEMY REIMBURSES PROMISE SCHOOLS FOR THE COST INCURRED FOR THE PAYROLL/BENEFITS OF THE EMPLOYEES.
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IRS990/PYRevenuesLessExpensesAmt0202198
IRS990/PYSalariesCompEmpBnftPaidAmt08831821
IRS990/PYTotalExpensesAmt09418121
IRS990/PYTotalRevenueAmt09620319
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt088440
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt09958313
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt09620319
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05559442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0468200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0526100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt026132374
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0526100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt026132374
IRS990ScheduleA/TotalSupportAmt026132374
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt05176
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09715
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014891
IRS990ScheduleD/ExpensesSubtotalAmt09869873
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0822714
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FIDUCIARY DEPOSITS PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt09958313
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05176
IRS990ScheduleD/TotalExpensesPerForm990Amt09869873
IRS990ScheduleD/TotalLiabilityAmt0822714
IRS990ScheduleD/TotalRevenuePerForm990Amt09958313
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09958313
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09869873
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 ORGANIZATION REGULARILY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH REGARD TO CONFLICT OF INTEREST POLICY AND REQUEST FROM THE BOARD MEMBERS TO DISCLOSE IF ANY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT AND CEO ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY 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 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0159724
IRS990/TotalEmployeeCnt0237
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08220923
IRS990/TotalFunctionalExpensesGrp/TotalAmt09869873
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01047536
IRS990/TotalLiabilitiesEOYAmt0999129
IRS990/TotalLiabilitiesGrp/BOYAmt01047536
IRS990/TotalLiabilitiesGrp/EOYAmt0999129
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0553779
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0642219
IRS990/TotalProgramServiceExpensesAmt08220923
IRS990/TotalProgramServiceRevenueAmt09798589
IRS990/TotalReportableCompFromOrgAmt0611381
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09958313
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01601315
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01641348
IRS990/TravelGrp/ManagementAndGeneralAmt01206
IRS990/TravelGrp/TotalAmt01206
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0458205
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0548155
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0182537
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IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt06

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,641,348
Liabilities
$999,129
Net assets
$642,219
Revenue
$9,958,313
Expenses
$9,869,873
Net income
$88,440
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