Civic Intelligence

Persevere Inc

990 • Fiscal year 2019 • EIN 47-1039429

Jan 01, 2019 to Dec 31, 2019 • Filed on Dec 07, 2020

4147 Willow Lake BlvdMemphis, TN 38118

(877) 260-7299

Siviq Scores

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

Liabilities / Assets

99th percentile

5.01x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.39x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

9th percentile

-31%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$62,861

No earlier filing loaded for comparison.

Net Assets

-$252,345

No earlier filing loaded for comparison.

Liabilities

$315,206

No earlier filing loaded for comparison.

Revenue

$814,374

No earlier filing loaded for comparison.

Expenses

$1,067,948

No earlier filing loaded for comparison.

Net Income

-$253,574

No earlier filing loaded for comparison.

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$0-$1.0MAssets 2019: $62,861Liabilities 2019: $315,206Net Assets 2019: -$252,3452019Assets 2020: $456,993Liabilities 2020: $1,252,110Net Assets 2020: -$795,1172020Assets 2021: $1,046,910Liabilities 2021: $1,236,394Net Assets 2021: -$189,4842021Assets 2022: $1,619,182Liabilities 2022: $1,115,433Net Assets 2022: $503,7492022Assets 2023: $2,142,122Liabilities 2023: $1,428,162Net Assets 2023: $713,9602023Assets 2024: $1,778,367Liabilities 2024: $1,093,214Net Assets 2024: $685,1532024

Highlighted filing

2019

Assets$62,861
Liabilities$315,206
Net Assets-$252,345

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2019: $814,374Expenses 2019: $1,067,948Net Income 2019: -$253,5742019Revenue 2020: $1,556,181Expenses 2020: $2,067,709Net Income 2020: -$511,5282020Revenue 2021: $4,361,245Expenses 2021: $3,755,612Net Income 2021: $605,6332021Revenue 2022: $6,558,003Expenses 2022: $5,864,770Net Income 2022: $693,2332022Revenue 2023: $11,359,721Expenses 2023: $11,231,143Net Income 2023: $128,5782023Revenue 2024: $12,970,995Expenses 2024: $12,999,802Net Income 2024: -$28,8072024

Highlighted filing

2019

Revenue$814,374
Expenses$1,067,948
Net Income-$253,574
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Dec 7, 2020
Return Version
2019v5.0
Gross Receipts
$814,374
Mission and Program Overview

Mission

Persevere is a national non-profit organization whose mission is to empower justice-involved men and women and individuals at risk for justice involvement to succeed as productive members of society. We do this by helping them develop the skills they need to be employable within the technology industry, either as employees or entrepreneurs, and helping them find jobs in the field. Our goal is to change lives through education, mentoring, and ongoing support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$0$287,000▲ $287,000
Accounts Receivable$1,000$25,080▲ $24,080
Cash and Non-Interest-Bearing Accounts$229$22,031▲ $21,802
Land, Buildings, and Equipment, Net-$15,750-
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,229$62,861▲ $61,632
Liabilities
Accounts Payable and Accrued Expenses$0$28,206▲ $28,206
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$315,206▲ $315,206
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$1,229$-252,345▼ $253,574
Total Net Assets Fund Balance$1,229$-252,345▼ $253,574
Total Liabilities and Net Assets / Fund Balance$1,229$62,861▲ $61,632

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$8,165$1,633$0
Leasehold Improvements$7,585$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sean HosmanFounder/Chair of Board
Marjorie RistBoard Member
Mark PepperBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$746,342
Program Service Revenue
$68,032
Investment Income
$0
Other Revenue
$0
All Other Contributions
$746,342
Change in Net Assets
$-253,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$579,242
Salaries, Compensation, and Employee Benefits$488,706
Total Fundraising Expense$86,540
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$425,941$2,308$0$428,249
Fees for Services Other$155,228$7,435$84,495$247,158
Travel$67,442$40,835$0$108,277
Office Expenses$31,677$34,249$2,045$67,971
Occupancy$42,498$363$0$42,861
Payroll Taxes$32,581$177$0$32,758
Other Expenses$30,530$0$0$30,530
Other Employee Benefits$27,699$0$0$27,699
Fees for Services Accounting$0$8,095$0$8,095
Insurance$0$3,385$0$3,385
Depreciation Depletion$1,633$0$0$1,633
Fees for Services Legal$42$0$0$42
Total Functional Expenses$882,859$98,549$86,540$1,067,948
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$287,000▲ $287,000
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

One of the directors in 2019 is/was an employee of a separate company owned by the Chair and Founder of Persevere. The Chair and Founder has a transaction reported on Schedule L.

Form 990, Part VI, Section B, Line 11B

The draft 990 is emailed to each member of the Board of Directors for review and comment within a reasonable amount of time. If the Director has not comments or requested modifications, the Director indicates approval in a return email.

Form 990, Part VI, Section B, Line 12C

Conflicts of interested are disclosed as they are realized. Each year the Board reviews Conflicts of Interest to make sure disclosures are up to date and accurate.

Form 990, Part VI, Section B, Line 15

Wages for officers and key members are reviewed against similar positions in the industry to determine if they are within market comparables.

Form 990, Part VI, Section C, Line 19

Governing, formation and annual reporting forms are available upon reasonable request made over the phone or email.

Filing and Contact Details

Filer

Filer Name
Persevere
EIN
47-1039429
Phone
8772607299
Address
4147 Willow Lake Blvd, Memphis, TN 38118

Signing Officer

Name
Sean Hosman
Title
Board Chair
Phone
8772607299
Signed
2020-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Hosman
Formed
2015
Legal Domicile
Ut
Voting Board Members
3
Independent Board Members
1
Employees
26
Volunteers
5

Preparer

Firm
Kritzberg Consulting
Address
151 South 1100 East, Salt Lake City, UT 84102
Preparer
Tricia Kritzberg
Phone
8015564962
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other services include Independent Contractors who help establish the programs such as IT specialists, program management services, program writers and curriculum writers. Costs included under fundraising include those costs required for grant writing

Raw XML AppendixShowing 400 of 539 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0Persevere is a national non-profit organization whose mission is to empower justice-involved men and women and individuals at risk for justice involvement to succeed as productive members of society. We do this by helping them develop the skills they need to be employable within the technology industry, either as employees or entrepreneurs, and helping them find jobs in the field. Our goal is to change lives through education, mentoring, and ongoing support.
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IRS990/PrincipalOfficerNm0Sean Hosman
IRS990/PriorPeriodAdjustmentsAmt00
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IRS990/ProgramServiceRevenueGrp/BusinessCd0922140
IRS990/ProgramServiceRevenueGrp/Desc0Services provided to Arizona Dept of Corrections
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0Transition Housing Program Once released from a correctional institute, participants involved in the Coding Class program have the option to live in a transition home provided by the organization.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt093903
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
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IRS990/ProgSrvcAccomActy3Grp/Desc0Other Programs Other programs are designed to teach participants life skills and provide them with employment services to enable them to gain employment and and reinforce skills necessary for everyday interactions.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt011634
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IRS990/ReconcilationRevenueExpnssAmt0-253574
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IRS990/ReportOtherAssetsInd00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0425
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