Civic Intelligence

Promise Academy

990 • Fiscal year 2012 • EIN 76-0789317

Jul 01, 2011 to Jun 30, 2012

Organization Profilewww.promise-academy.com
Cleveland, OH
Siviq Scores

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

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

6th percentile

-21%

Faster asset growth than 6% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

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

Source year 2012

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$1,321,577

Down $358,518 (-21%) from 2011

Net Assets

Down

$1,314,185

Down $364,364 (-22%) from 2011

Liabilities

Up

$7,392

Up $5,846 (+378%) from 2011

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin20th percentile

Revenue

$3,373,635

No earlier filing loaded for comparison.

Expenses

Up

$3,737,999

Up $1,058,946 (+40%) from 2011

Net Income

-$364,364

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,680,095Liabilities 2011: $1,546Net Assets 2011: $1,678,5492011Assets 2012: $1,321,577Liabilities 2012: $7,392Net Assets 2012: $1,314,1852012Assets 2013: $1,520,685Liabilities 2013: $1,057Net Assets 2013: $1,519,6282013Assets 2014: $1,215,779Liabilities 2014: $391Net Assets 2014: $1,215,3882014Assets 2015: $1,025,787Liabilities 2015: $565,868Net Assets 2015: $459,9192015Assets 2016: $649,536Liabilities 2016: $117,480Net Assets 2016: $532,0562016Assets 2017: $1,307,320Liabilities 2017: $1,106,716Net Assets 2017: $200,6042017Assets 2018: $1,709,863Liabilities 2018: $1,316,034Net Assets 2018: $393,8292018Assets 2019: $1,193,705Liabilities 2019: $657,434Net Assets 2019: $536,2712019Assets 2020: $2,186,066Liabilities 2020: $1,988,203Net Assets 2020: $197,8632020Assets 2021: $1,907,031Liabilities 2021: $2,157,967Net Assets 2021: -$250,9362021Assets 2022: $1,616,922Liabilities 2022: $2,273,345Net Assets 2022: -$656,4232022Assets 2023: $1,135,924Liabilities 2023: $2,045,780Net Assets 2023: -$909,8562023Assets 2024: $1,894,944Liabilities 2024: $2,815,219Net Assets 2024: -$920,2752024

Highlighted filing

2012

Assets$1,321,577
Liabilities$7,392
Net Assets$1,314,185
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $2,679,0532011Revenue 2012: $3,373,635Expenses 2012: $3,737,999Net Income 2012: -$364,3642012Expenses 2013: $3,638,3372013Revenue 2014: $3,406,598Expenses 2014: $3,710,838Net Income 2014: -$304,2402014Revenue 2015: $2,824,473Expenses 2015: $3,579,942Net Income 2015: -$755,4692015Revenue 2016: $3,386,276Expenses 2016: $3,314,139Net Income 2016: $72,1372016Revenue 2017: $2,435,443Expenses 2017: $2,766,895Net Income 2017: -$331,4522017Revenue 2018: $2,776,369Expenses 2018: $2,563,010Net Income 2018: $213,3592018Revenue 2019: $1,981,970Expenses 2019: $1,839,528Net Income 2019: $142,4422019Revenue 2020: $1,637,887Expenses 2020: $1,976,295Net Income 2020: -$338,4082020Revenue 2021: $1,485,068Expenses 2021: $1,933,867Net Income 2021: -$448,7992021Revenue 2022: $1,317,874Expenses 2022: $1,723,361Net Income 2022: -$405,4872022Revenue 2023: $1,291,191Expenses 2023: $1,544,624Net Income 2023: -$253,4332023Revenue 2024: $1,706,003Expenses 2024: $1,716,422Net Income 2024: -$10,4192024

Highlighted filing

2012

Revenue$3,373,635
Expenses$3,737,999
Net Income-$364,364
Open 2012 Filing
Filing Detail Status

This 2012 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

View Latest Detailed Filing (2024)
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Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Mission and Program Overview

Mission

Promise Academy recognizes that all students have the right to and deserve an education that prepares them for post-secondary success of their choosing. We educate and graduate students who have not been successful in traditional high school and have dropped out or are at risk of dropping out. We do this through flexible and individualized learning experiences supported by meaningful relationships with caring adults who are constantly learning from students and exemplifying high engagement learning for students.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$1,321,577
Liabilities
$7,392
Net assets
$1,314,185
Revenue
$3,373,635
Expenses
$3,737,999
Net income
-$364,364
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.89$2.82$0.92$1.71$1.72$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.14$2.05$0.91$1.29$1.54$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.62$2.27$0.66$1.32$1.72$0.41
2021Detailed filing. Detailed filing data is available for this year.$1.91$2.16$0.25$1.49$1.93$0.45
2020Detailed filing. Detailed filing data is available for this year.$2.19$1.99$0.20$1.64$1.98$0.34
2019Detailed filing. Detailed filing data is available for this year.$1.19$0.66$0.54$1.98$1.84$0.14
2018Detailed filing. Detailed filing data is available for this year.$1.71$1.32$0.39$2.78$2.56$0.21
2017Summary only. Only limited summary data is available for this year.$1.31$1.11$0.20$2.44$2.77$0.33
2016Summary only. Only limited summary data is available for this year.$0.65$0.12$0.53$3.39$3.31$0.07
2015Summary only. Only limited summary data is available for this year.$1.03$0.57$0.46$2.82$3.58$0.76
2014Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$3.41$3.71$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.00$1.52$3.64
2012Summary only. Only limited summary data is available for this year.$1.32$0.01$1.31$3.37$3.74$0.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.00$1.68$2.68