Civic Intelligence

American Promise Schools

990 • Fiscal year 2022 • EIN 46-4341453

Jul 01, 2022 to Dec 31, 2022 • Filed on Apr 04, 2023

Organization ProfileWWW.AMERICANPROMISESCHOOLS.ORG

View Organization Page

15000 TrojanDetroit, MI 48235

(313) 462-2252

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$0

Down $2,459,805 (-100%) from 2021

Net Assets

Down

$0

Down $1,627,129 (-100%) from 2021

Liabilities

Down

$0

Down $832,676 (-100%) from 2021

Revenue And Expenses

Revenue

Down

$2,500

Down $7,686,468 (-100%) from 2021

Expenses

Down

$831,969

Down $5,781,105 (-87%) from 2021

Net Income

Down

-$829,469

Down $1,905,363 (-177%) from 2021

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: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2022: $2,158,911Liabilities 2022: $1,329,442Net Assets 2022: $829,4692022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0
Open 2022 Filing

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: $2,500Expenses 2022: $831,969Net Income 2022: -$829,4692022Revenue 2022: $4,086,969Expenses 2022: $4,884,629Net Income 2022: -$797,6602022

Highlighted filing

2022

Revenue$2,500
Expenses$831,969
Net Income-$829,469
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Dec 31, 2022
Signed
Apr 4, 2023
Return Version
2022v5.0
Gross Receipts
$2,500
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$1,794,902--
Prepaid Expenses and Deferred Charges$315,964--
Accounts Receivable$39,617--
Land, Buildings, and Equipment, Net$8,428--
Total Assets$2,158,911$0▼ $2,158,911
Liabilities
Other Liabilities$1,223,280--
Accounts Payable and Accrued Expenses$106,162--
Total Liabilities$1,329,442$0▼ $1,329,442
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$745,150--
Net Assets With Donor Restrictions$84,319--
Total Net Assets Fund Balance$829,469$0▼ $829,469
Total Liabilities and Net Assets / Fund Balance$2,158,911$0▼ $2,158,911

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$27,630$27,630
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Erica RobertsonCEOFT$245,417$245,417

Board Members and Trustees

NameTitle
Tyrone DavenportChair
Bruno OlveraMember
George WatsonMember
Jesus HernandezMember
Quan NelomsMember
Rico RazoMember
Saul GreenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,500
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-829,469

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,500
Total Revenue per Audited Statements
$2,500
Total Revenue per Form 990
$2,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$645,367
Salaries, Compensation, and Employee Benefits$186,602
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$147,598-$147,598
Office Expenses-$119,399-$119,399
Other Employee Benefits-$39,004-$39,004
Fees for Services Legal-$22,581-$22,581
Fees for Services Accounting-$21,528-$21,528
All Other Expenses-$8,428-$8,428
Information Technology-$7,037-$7,037
Advertising-$5,932-$5,932
Conferences and Meetings-$856-$856
Other Expenses-$749-$749
Total Functional Expenses$0$831,969$0$831,969

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$831,969
Total Expenses per Audited Statements$831,969
Total Expenses per Form 990$831,969
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-
Fiduciary Deposits Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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 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
Erica Robertson
Title
CEO
Phone
3134622252
Signed
2023-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erica Robertson
Formed
2013
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
6

Preparer

Firm
Gregory Terrell & Company
Address
613 ABBOTT STREET SUITE 320, DETROIT, MI 48226
Preparer
Gregory Terrell
Phone
3139650500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The organization ceased its program operation on june 30, 2022”

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0245417
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0FURNITURE, FIXTURES EQUIPMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1FURNITURE, FIXTURES EQUIPMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0HOPE ACADMEY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1DETROIT PARENT NETWORK
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02022-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12022-12-31
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt04428
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt14000
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FMV
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1FMV
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt012121 BROADSTREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1726 LOTHRUP
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0DETROIT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1DETROIT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0MI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1MI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd048204
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd148202
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
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 ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CEASED ITS PROGRAM OPERATION ON JUNE 30, 2022
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 C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part III, Line 3
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt02158911
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt02158911
IRS990/TotalAssetsGrp/EOYAmt00
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IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0831969
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0831969
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01329442
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt01329442
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0829469
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalProgramServiceRevenueAmt02500
IRS990/TotalReportableCompFromOrgAmt0245417
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02500
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02158911
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt015000 TROJAN
IRS990/USAddress/CityNm0DETROIT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048235
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.AMERICANPROMISESCHOOLS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ERICA ROBERTSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03134622252
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROMISE SCHOOLS
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0464341453
ReturnHeader/Filer/PhoneNum03134622252
ReturnHeader/Filer/USAddress/AddressLine1Txt015000 TROJAN
ReturnHeader/Filer/USAddress/CityNm0DETROIT

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Filings

Displayed year

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

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$2,500
Expenses
$831,969
Net income
-$829,469
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
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.83$0.83
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