Civic Intelligence

Promise Investments

EIN 81-2899736 • 501(c)3 • Texas City, TX

Pub. 78 Eligible990-N Coverage

Profile

Promise Investments is a non-profit faith-based community organization, established to educate and empower families to achieve successful futures.

114 S Foster RdTexas City, TX 77591
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

45th percentile

-0.0%

Higher net margin than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k 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

Up

$2,092

Up $2,091 (+209100%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

$2,092

No earlier filing loaded for comparison.

Revenue

Up

$6,062

Up $1,097 (+22%) from 2018

Expenses

Up

$6,063

Up $1,098 (+22%) from 2018

Net Income

Down

-$1

Down $1 from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0K$2.0K$1.0K$0Assets 2016: $1Liabilities 2016: $02016Assets 2017: $1Liabilities 2017: $02017Assets 2018: $1Liabilities 2018: $02018Assets 2019: $2,092Liabilities 2019: $0Net Assets 2019: $2,0922019

Highlighted filing

2019

Assets$2,092
Liabilities$0
Net Assets$2,092

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0K$6.0K$4.0K$2.0K$0-$2.0KRevenue 2016: $1,994Expenses 2016: $1,994Net Income 2016: $02016Revenue 2017: $464Expenses 2017: $464Net Income 2017: $02017Revenue 2018: $4,965Expenses 2018: $4,965Net Income 2018: $02018Revenue 2019: $6,062Expenses 2019: $6,063Net Income 2019: -$12019

Highlighted filing

2019

Revenue$6,062
Expenses$6,063
Net Income-$1

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 9, 2020
Return Version
2019v5.0
Gross Receipts
$6,062
Mission and Program Overview

Mission

Promise Investments is a non-profit faith-based community organization, established to educate and empower families to achieve successful futures.

Program Services

DescriptionGrantsExpenses
Community Outreach$0$2,188
Job Fair$0$2,171
High School Career Day$0$245
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Corey SheltonPresident-$0--
Janene SheltonTreasurer-$0--
Nikki GreerSecretary-$0--
Tyrance GreerDirector-$0--
Norman BrownDirector-$0--
Filing and Contact Details

Filer

Filer Name
Promise Investments
EIN
81-2899736
Phone
4097898859
Address
114 S Foster Rd, Texas City, TX 77591

Signing Officer

Name
Corey Shelton
Title
President
Phone
4097898859
Signed
2020-07-09
Discuss with paid preparer
No

Preparer

Firm
BryteBridge
Address
2151 Consulate Dr Ste 13, Orlando, FL 32837
Preparer
Kathryn Murphy
Phone
3016336562
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

Description;Amount^In Kind Donation;100^Total;100^

Form 990-EZ, Part I, Line 16

Description;Amount^Website Hosting and Maintenance;314|Office Supplies;79|Marketing and PR;225|Other direct expenses;50|Program Expenses Job Fair;2171|Program Expenses Community Outreac;2188|Program Expenses High School Career Day;245^Total;5272^

Form 990-EZ, Part I, Line 20

Description;Amount^Equipment purchased and added as assets;2092|Reconciliation;1^Total;2093^

Form 990-EZ, Part II, Line 24

Description;EOY Amount^Audio Speakers and Cases;660|Food Preparation Equipment;1037|Advertising Products;395^Total;2092^

Raw XML Appendix216 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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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 20
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd00
ReturnHeader/BusinessOfficerGrp/PersonNm0Corey Shelton
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04097898859
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROMISE INVESTMENTS
ReturnHeader/Filer/BusinessNameControlTxt0PROM
ReturnHeader/Filer/EIN0812899736
ReturnHeader/Filer/PhoneNum04097898859
ReturnHeader/Filer/USAddress/AddressLine1Txt0114 S Foster Rd
ReturnHeader/Filer/USAddress/CityNm0Texas City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077591
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.239.174.80
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843085028
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BryteBridge
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02151 Consulate Dr Ste 13
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Orlando
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032837
ReturnHeader/PreparerPersonGrp/PhoneNum03016336562
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kathryn Murphy
ReturnHeader/ReturnTs02020-07-09T09:28:13-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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