Civic Intelligence

La Promesa Foundation

990 • Fiscal year 2017 • EIN 75-2648137

Jan 01, 2017 to Dec 31, 2017 • Filed on May 11, 2018

Organization ProfileWWW.GRNONLINE.COM
PO Box 10571Midland, TX 79701

(432) 682-1485

Siviq Scores

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

Liabilities / Assets

66th percentile

0.33x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

68th percentile

0.41x

Higher debt load relative to revenue than 68% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

20th percentile

-7.8%

Higher net margin than 20% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

5th percentile

-16%

Faster asset growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

6.3%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$5,567,392

Down $1,038,838 (-16%) from 2016

Net Assets

Down

$3,703,380

Down $354,043 (-8.7%) from 2016

Liabilities

Down

$1,864,012

Down $684,795 (-27%) from 2016

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin20th percentile

Revenue

Up

$4,522,011

Up $266,054 (+6.3%) from 2016

Expenses

Up

$4,876,054

Up $958 (+0.0%) from 2016

Net Income

Up

-$354,043

Up $265,096 (+43%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,065,155Liabilities 2010: $2,704,330Net Assets 2010: $360,8252010Assets 2011: $3,724,126Liabilities 2011: $2,466,511Net Assets 2011: $1,257,6152011Assets 2012: $4,810,098Liabilities 2012: $2,160,851Net Assets 2012: $2,649,2472012Assets 2013: $6,144,203Liabilities 2013: $2,503,053Net Assets 2013: $3,641,1502013Assets 2014: $6,578,849Liabilities 2014: $2,119,773Net Assets 2014: $4,459,0762014Assets 2015: $6,402,665Liabilities 2015: $1,729,643Net Assets 2015: $4,673,0222015Assets 2016: $6,606,230Liabilities 2016: $2,548,807Net Assets 2016: $4,057,4232016Assets 2017: $5,567,392Liabilities 2017: $1,864,012Net Assets 2017: $3,703,3802017Assets 2018: $5,475,965Liabilities 2018: $1,469,607Net Assets 2018: $4,006,3582018Assets 2019: $6,196,755Liabilities 2019: $843,577Net Assets 2019: $5,353,1782019Assets 2020: $6,278,014Liabilities 2020: $374,790Net Assets 2020: $5,903,2242020Assets 2021: $6,255,131Liabilities 2021: $108,203Net Assets 2021: $6,146,9282021Assets 2022: $6,532,260Liabilities 2022: $111,015Net Assets 2022: $6,421,2452022Assets 2023: $6,946,547Liabilities 2023: $118,707Net Assets 2023: $6,827,8402023Assets 2024: $6,966,048Liabilities 2024: $199,478Net Assets 2024: $6,766,5702024

Highlighted filing

2017

Assets$5,567,392
Liabilities$1,864,012
Net Assets$3,703,380
Open 2017 Filing

Operations Trend

Revenue Growth54th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,682,6542010Revenue 2011: $3,660,903Expenses 2011: $2,764,113Net Income 2011: $896,7902011Expenses 2012: $2,932,3732012Revenue 2013: $4,206,589Expenses 2013: $3,214,686Net Income 2013: $991,9032013Revenue 2014: $4,370,724Expenses 2014: $3,491,195Net Income 2014: $879,5292014Revenue 2015: $4,076,795Expenses 2015: $3,862,849Net Income 2015: $213,9462015Revenue 2016: $4,255,957Expenses 2016: $4,875,096Net Income 2016: -$619,1392016Revenue 2017: $4,522,011Expenses 2017: $4,876,054Net Income 2017: -$354,0432017Revenue 2018: $4,750,207Expenses 2018: $4,493,667Net Income 2018: $256,5402018Revenue 2019: $5,609,565Expenses 2019: $4,488,045Net Income 2019: $1,121,5202019Revenue 2020: $4,870,253Expenses 2020: $4,320,207Net Income 2020: $550,0462020Revenue 2021: $5,059,198Expenses 2021: $4,444,461Net Income 2021: $614,7372021Revenue 2022: $5,314,206Expenses 2022: $5,054,959Net Income 2022: $259,2472022Revenue 2023: $5,740,567Expenses 2023: $5,333,972Net Income 2023: $406,5952023Revenue 2024: $5,716,254Expenses 2024: $5,777,524Net Income 2024: -$61,2702024

Highlighted filing

2017

Revenue$4,522,011
Expenses$4,876,054
Net Income-$354,043
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 11, 2018
Return Version
2017v2.3
Gross Receipts
$4,522,011
Mission and Program Overview

Mission

To promote catholic programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,315,495$2,076,482▼ $239,013
Intangible Assets$2,257,823$1,799,582▼ $458,241
Other Notes and Loans Receivable, Net$899,408$881,414▼ $17,994
Savings and Temporary Cash Investments$617,381$434,990▼ $182,391
Cash and Non-Interest-Bearing Accounts$516,123$374,924▼ $141,199
Total Assets$6,606,230$5,567,392▼ $1,038,838
Liabilities
Other Liabilities$2,412,129$1,794,054▼ $618,075
Accounts Payable and Accrued Expenses$136,678$69,958▼ $66,720
Total Liabilities$2,548,807$1,864,012▼ $684,795
Net Assets / Fund Balance
Unrestricted Net Assets$3,577,567$3,223,524▼ $354,043
Permanently Rstr Net Assets$314,856$314,856→ $0
Temporarily Rstr Net Assets$165,000$165,000→ $0
Total Net Assets Fund Balance$4,057,423$3,703,380▼ $354,043
Total Liabilities and Net Assets / Fund Balance$6,606,230$5,567,392▼ $1,038,838

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,462,606$1,641,444$3,104,050
Land$504,016-$504,016
Equipment$57,456$97,617$155,073
Buildings$52,404$62,633$115,037
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Leonard J OswaldPresident
Msgr James BridgesDirector
Janice GistSecretary
Mark StoltzTreasurer
Mary M DiazVice Preside
Toya E HallVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$4,464,152
Program Service Revenue
$0
Investment Income
$57,859
Other Revenue
$0
All Other Contributions
$4,464,152
Change in Net Assets
$-354,043
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,281,094
Salaries, Compensation, and Employee Benefits$1,594,960
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,007,898$40,140-$1,048,038
Occupancy$865,408--$865,408
Depreciation Depletion$757,499--$757,499
Other Employee Benefits$449,801$17,913-$467,714
Conferences and Meetings$277,815$14,622-$292,437
Fees for Services Other$166,180--$166,180
All Other Expenses$130,092--$130,092
Information Technology$123,476$6,499-$129,975
Office Expenses$124,143$3,564-$127,707
Interest$87,335--$87,335
Payroll Taxes$76,174$3,034-$79,208
Travel$75,353$3,009-$78,362
Advertising$58,892--$58,892
Insurance$48,103$2,532-$50,635
Other Expenses$41,818$99,211-$41,818
Fees for Services Accounting$2,027$7,968-$9,995
Royalties$2,845--$2,845
Fees for Services Legal$887$380-$1,267
Total Functional Expenses$4,677,182$198,872$0$4,876,054
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
Other Liability$1,794,054
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
La Promesa Foundation
EIN
75-2648137
Phone
4326821485
Address
PO BOX 10571, MIDLAND, TX 79701

Signing Officer

Name
Toya E Hall
Title
Vice President
Phone
4322882776
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Toya E Hall
Formed
1996
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
4
Employees
22

Preparer

Firm
Arnold Hancock and Wallach
Address
3201 N PECOS ST STE 201, MIDLAND, TX 79705-5333
Preparer
Kenneth L Arnold
Phone
4326838200
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“The foundation provided funding for the radio station acquisitions which provide catholic programming for citizens of midland, texas and other cities around texas.”

Raw XML Appendix361 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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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt021449466
IRS990ScheduleA/TotalSupportAmt021449466
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt052404
IRS990ScheduleD/BuildingsGrp/DepreciationAmt062633
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0115037
IRS990ScheduleD/EquipmentGrp/BookValueAmt057456
IRS990ScheduleD/EquipmentGrp/DepreciationAmt097617
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0155073
IRS990ScheduleD/LandGrp/BookValueAmt0504016
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0504016
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01462606
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01641444
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03104050
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01794054
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02076482
IRS990ScheduleD/TotalLiabilityAmt01794054
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION PROVIDED FUNDING FOR THE RADIO STATION ACQUISITIONS WHICH PROVIDE CATHOLIC PROGRAMMING FOR CITIZENS OF MIDLAND, TEXAS AND OTHER CITIES AROUND TEXAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0165000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0165000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06606230
IRS990/TotalAssetsEOYAmt05567392
IRS990/TotalAssetsGrp/BOYAmt06606230
IRS990/TotalAssetsGrp/EOYAmt05567392
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04464152
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0198872
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04677182
IRS990/TotalFunctionalExpensesGrp/TotalAmt04876054
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02548807
IRS990/TotalLiabilitiesEOYAmt01864012
IRS990/TotalLiabilitiesGrp/BOYAmt02548807
IRS990/TotalLiabilitiesGrp/EOYAmt01864012
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04057423
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03703380
IRS990/TotalOtherProgSrvcExpenseAmt03669284
IRS990/TotalProgramServiceExpensesAmt04677182
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt057859
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04522011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06606230
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05567392
IRS990/TravelGrp/ManagementAndGeneralAmt03009
IRS990/TravelGrp/ProgramServicesAmt075353
IRS990/TravelGrp/TotalAmt078362
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03577567
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03223524
IRS990/USAddress/AddressLine1Txt0RT 1 BOX 142
IRS990/USAddress/CityNm0STANTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079782
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.GRNONLINE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOYA E HALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04322882776
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LA PROMESA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LAPR
ReturnHeader/Filer/EIN0752648137
ReturnHeader/Filer/PhoneNum04326821485
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 10571
ReturnHeader/Filer/USAddress/CityNm0MIDLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079701
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02AA588446B08A0899C0F8EF6DD1B73AB92F1BBC3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F1C2428F155CB3CD9D0F1E5CA85FB844B9E00A7C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.219.131.225
ReturnHeader/FilingSecurityInformation/IPDt02018-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:09:44
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263733251
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ARNOLD HANCOCK AND WALLACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03201 N PECOS ST STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIDLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0797055333
ReturnHeader/PreparerPersonGrp/PhoneNum04326838200
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH L ARNOLD
ReturnHeader/ReturnTs02018-05-15T12:09:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,567,392
Liabilities
$1,864,012
Net assets
$3,703,380
Revenue
$4,522,011
Expenses
$4,876,054
Net income
-$354,043
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.97$0.20$6.77$5.72$5.78$0.06
2023Detailed filing. Detailed filing data is available for this year.$6.95$0.12$6.83$5.74$5.33$0.41
2022Detailed filing. Detailed filing data is available for this year.$6.53$0.11$6.42$5.31$5.05$0.26
2021Detailed filing. Detailed filing data is available for this year.$6.26$0.11$6.15$5.06$4.44$0.61
2020Detailed filing. Detailed filing data is available for this year.$6.28$0.37$5.90$4.87$4.32$0.55
2019Detailed filing. Detailed filing data is available for this year.$6.20$0.84$5.35$5.61$4.49$1.12
2018Detailed filing. Detailed filing data is available for this year.$5.48$1.47$4.01$4.75$4.49$0.26
2017Detailed filing. Detailed filing data is available for this year.$5.57$1.86$3.70$4.52$4.88$0.35
2016Detailed filing. Detailed filing data is available for this year.$6.61$2.55$4.06$4.26$4.88$0.62
2015Detailed filing. Detailed filing data is available for this year.$6.40$1.73$4.67$4.08$3.86$0.21
2014Detailed filing. Detailed filing data is available for this year.$6.58$2.12$4.46$4.37$3.49$0.88
2013Detailed filing. Detailed filing data is available for this year.$6.14$2.50$3.64$4.21$3.21$0.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.81$2.16$2.65$2.93
2011Summary only. Only limited summary data is available for this year.$3.72$2.47$1.26$3.66$2.76$0.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$2.70$0.36$2.68