Civic Intelligence

American Promise Schools

990 • Fiscal year 2019 • EIN 46-4341453

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 28, 2020

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

0.74x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

52nd percentile

0.18x

Higher debt load relative to revenue than 52% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

23rd percentile

-6.4%

Higher net margin than 23% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

65th percentile

$159,763

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

3rd percentile

-26%

Faster asset growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-49%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,212,962

Down $428,386 (-26%) from 2018

Net Assets

Down

$318,994

Down $323,225 (-50%) from 2018

Liabilities

Down

$893,968

Down $105,161 (-11%) from 2018

Revenue

Down

$5,089,620

Down $4,868,693 (-49%) from 2018

Expenses

Down

$5,412,845

Down $4,457,028 (-45%) from 2018

Net Income

Down

-$323,225

Down $411,665 (-465%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$1,212,962
Liabilities$893,968
Net Assets$318,994

Operations Trend

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

2019

Revenue$5,089,620
Expenses$5,412,845
Net Income-$323,225
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 28, 2020
Return Version
2018v3.1
Gross Receipts
$5,089,620
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$1,086,055$1,051,555▼ $34,500
Accounts Receivable$524,150$149,845▼ $374,305
Prepaid Expenses and Deferred Charges$25,967$8,185▼ $17,782
Land, Buildings, and Equipment, Net$5,176$3,377▼ $1,799
Total Assets$1,641,348$1,212,962▼ $428,386
Liabilities
Other Liabilities$822,714$789,839▼ $32,875
Unsecured Notes Loans Payable$135,852$87,751▼ $48,101
Accounts Payable and Accrued Expenses$40,563$16,378▼ $24,185
Total Liabilities$999,129$893,968▼ $105,161
Net Assets / Fund Balance
Unrestricted Net Assets$548,155$221,149▼ $327,006
Temporarily Rstr Net Assets$94,064$97,845▲ $3,781
Total Net Assets Fund Balance$642,219$318,994▼ $323,225
Total Liabilities and Net Assets / Fund Balance$1,641,348$1,212,962▼ $428,386

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,377$12,988$16,365
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Melisa HamannCEOFT$159,763$159,763
Jeremy LinneChief Academic OfficerFT$134,379$134,379
Tajhrid DariCFOFT$108,291$108,291
Lindsie BoykinPrincipal MacdowellFT$106,631$106,631

Board Members and Trustees

NameTitle
Geneva WilliamsChair
Saul GreenVice Chair
Andrew ColmMember
Rico RazoMember
Tyrone DavenportMember
Peter WaltersTreasurer and Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$124,587
Program Service Revenue
$4,965,033
Investment Income
$0
Other Revenue
$0
All Other Contributions
$124,587
Change in Net Assets
$-323,225

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,089,620
Total Revenue per Audited Statements
$5,089,620
Total Revenue per Form 990
$5,089,620
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,961,753
Other Expenses$451,092
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,494,459$329,621-$3,824,080
Other Employee Benefits$799,463$78,634-$878,097
Current Officers, Directors, Trustees, and Key Employees-$259,576-$259,576
Other Expenses-$170,465-$170,465
Fees for Services Legal-$63,834-$63,834
All Other Expenses$30,635--$30,635
Information Technology-$29,594-$29,594
Insurance-$15,522-$15,522
Fees for Services Accounting-$12,196-$12,196
Office Expenses-$9,748-$9,748
Advertising-$3,675-$3,675
Interest-$3,538-$3,538
Depreciation Depletion-$3,273-$3,273
Travel-$1,301-$1,301
Total Functional Expenses$4,324,557$1,088,288$0$5,412,845

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,412,845
Total Expenses per Audited Statements$5,412,845
Total Expenses per Form 990$5,412,845
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$789,839
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 Hammann
Title
CEO
Signed
2020-02-28
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
211

Preparer

Firm
Gregory Terrell & Company
Address
613 ABBOTT STREET 3RD FLOOR, DETROIT, MI 48226
Preparer
Gregory Terrell
Phone
3139650500
Supplemental Narrative

Financial Statement Notes

XI Line 1

Total Revenue shown in Part XI include the reimbursement of the costs of personnel placed at the Public School Academies managed by Promise Schools of 4,296,341 and Total Expenses shown in Part XII include the costs incurred for those employees in the like amount of 4,296,341.

XII Line 1

Total Expenses shown in Part XII include the costs incurred for those employees of 4,296,341 and Total Revenue shown in Part XI include the reimbursement of the costs of personnel placed at the Public School Academies managed by Promise Schools in the like amount of 4,296,341.

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IRS990/ProgSrvcAccomActy3Grp/Desc0MACDOWELL PREPARATORY ACADEMY - INSTRUCTION AND ADMINISTRATIVE SUPPORT OF EFFECTIVE SCHOOL MANAGEMENT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01713270
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0159724
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0351151
IRS990/PYProgramServiceRevenueAmt09798589
IRS990/PYRevenuesLessExpensesAmt088440
IRS990/PYSalariesCompEmpBnftPaidAmt09518722
IRS990/PYTotalExpensesAmt09869873
IRS990/PYTotalRevenueAmt09958313
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-323225
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05089620
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt09958313
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt09620319
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05559442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0468200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt030695894
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt030695894
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05089620
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt09958313
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt09620319
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05559442
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0468200
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt030695894
IRS990ScheduleA/TotalSupportAmt030695894
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/BookValueAmt03377
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012988
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016365
IRS990ScheduleD/ExpensesSubtotalAmt05412845
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0789839
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/RevenueSubtotalAmt05089620
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Total Revenue shown in Part XI include the reimbursement of the costs of personnel placed at the Public School Academies managed by Promise Schools of 4,296,341 and Total Expenses shown in Part XII include the costs incurred for those employees in the like amount of 4,296,341.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Total Expenses shown in Part XII include the costs incurred for those employees of 4,296,341 and Total Revenue shown in Part XI include the reimbursement of the costs of personnel placed at the Public School Academies managed by Promise Schools in the like amount of 4,296,341.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XI Line 1
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1XII Line 1
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03377
IRS990ScheduleD/TotalExpensesPerForm990Amt05412845
IRS990ScheduleD/TotalLiabilityAmt0789839
IRS990ScheduleD/TotalRevenuePerForm990Amt05089620
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05089620
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05412845
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0159763
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MELISA HAMANN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0159763
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
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/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt097845
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01641348
IRS990/TotalAssetsEOYAmt01212962
IRS990/TotalAssetsGrp/BOYAmt01641348
IRS990/TotalAssetsGrp/EOYAmt01212962
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IRS990/TotalContributionsAmt0124587
IRS990/TotalEmployeeCnt0211
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01088288
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04324557
IRS990/TotalFunctionalExpensesGrp/TotalAmt05412845
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0999129
IRS990/TotalLiabilitiesEOYAmt0893968
IRS990/TotalLiabilitiesGrp/BOYAmt0999129
IRS990/TotalLiabilitiesGrp/EOYAmt0893968
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0642219
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0318994
IRS990/TotalProgramServiceExpensesAmt04324557
IRS990/TotalProgramServiceRevenueAmt04965033
IRS990/TotalReportableCompFromOrgAmt0509064
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04965033
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05089620
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01641348
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01212962
IRS990/TravelGrp/ManagementAndGeneralAmt01301
IRS990/TravelGrp/TotalAmt01301
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0548155
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0221149
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0135852
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt087751
IRS990/UponRequestInd0X

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