Civic Intelligence

Promise Education Cooperative Inc

EIN 82-1088422 • 501(c)3 • Huntington, IN

Profile

The purpose of the corporation will be a home school cooperative. For middle school and high school students, promise education cooperative (pec) provides a strong core education in math, science, english, and history with individualized instruction in the core subjects and electives according to the students individual learning styles. Students and parents will experience motivation, encouragement, and qualified instruction in a faith-based, supportive, peaceful community that allows the students to grow socially and academically. Pec will thrive and grow through constant addition of new students and parents, outside donation, fundraising, and tuition to be a long-term, self-sustaining organization. Pec strives to influence young people to be godly, honest, inspired, and capable in order to be well-rounded and community-minded individuals.

1355 Waco DriveHuntington, IN 46750

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2018

Net Margin

34th percentile

-6.5%

Higher net margin than 34% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

89th percentile

$25,080

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 80.9% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

82nd percentile

43%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$0

Down $2,793 (-100%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$0

Down $2,007 (-100%) from 2017

Revenue

Up

$31,002

Up $9,383 (+43%) from 2017

Expenses

Up

$33,007

Up $13,395 (+68%) from 2017

Net Income

Down

-$2,005

Down $4,012 (-200%) from 2017

Trend Graphs

Balance Sheet Trend

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

$3.0K$2.0K$1.0K$0Assets 2017: $2,793Liabilities 2017: $786Net Assets 2017: $2,0072017Assets 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities-
Net Assets$0

Operations Trend

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

$40K$30K$20K$10K$0-$10KRevenue 2017: $21,619Expenses 2017: $19,612Net Income 2017: $2,0072017Revenue 2018: $31,002Expenses 2018: $33,007Net Income 2018: -$2,0052018

Highlighted filing

2018

Revenue$31,002
Expenses$33,007
Net Income-$2,005

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jan 29, 2019
Return Version
2018v3.1
Gross Receipts
$31,002
Mission and Program Overview

Mission

The purpose of the corporation will be a home school cooperative. For middle school and high school students, promise education cooperative (pec) provides a strong core education in math, science, english, and history with individualized instruction in the core subjects and electives according to the students individual learning styles. Students and parents will experience motivation, encouragement, and qualified instruction in a faith-based, supportive, peaceful community that allows the students to grow socially and academically. Pec will thrive and grow through constant addition of new students and parents, outside donation, fundraising, and tuition to be a long-term, self-sustaining organization. Pec strives to influence young people to be godly, honest, inspired, and capable in order to be well-rounded and community-minded individuals.

Program Services

DescriptionGrantsExpenses
PROMISE EDUCATION COOPERATIVE PROVIDES AN ATMOSPHERE FOR LEARNING FOR MIDDLE AND HIGH SCHOOL HOMESCHOOL STUDENTS. THE PAID INSTRUCTOR TAUGHT THE 4 CORE CLASSES OF HISTORY, SCIENCE, ENGLISH AND MATH WHILE ALSO ALLOWING A MEETING SPACE FOR PARENT-LED ELECTIVE CLASSES. PROMISE EDUCATION COOPERATIVE PROVIDED BENEFIT TO 8 STUDENTS THIS YEAR.-$28,373
STUDENTS AND PARENTS WILL EXPERIENCE MOTIVATION, ENCOURAGEMENT, AND QUALIFIED INSTRUCTION IN A FAITH-BASED, SUPPORTIVE, PEACEFUL COMMUNITY THAT ALLOWS THE STUDENTS TO GROW SOCIALLY AND ACADEMICALLY.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GARY LENNBoard MemberFT$25,080-$25,080
KAREN RICEPresidentPT$0--
KRISTA ANDERSONSecretaryPT$0--
CHARLOTTE MISTY SAVAGETreasurerPT$0--
TIMOTHY SAVAGEBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Promise Education Cooperative Inc
EIN
82-1088422
Phone
2604093334
Address
1355 WACO DRIVE, HUNTINGTON, IN 46750

Signing Officer

Name
Charlotte Misty Savage
Title
Treasurer
Phone
2604093334
Signed
2019-01-29
Discuss with paid preparer
Yes

Preparer

Firm
Mccann Advisors LLC
Address
PO BOX 18, WABASH, IN 46992-0018
Preparer
Paul Mccann CPA
Phone
2602747693
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses internet 300 curriculum & coursework 3,293 office supplies software 963 payroll fees 100 postage & shipping 75 bank fees 76 190 total 4,997

Form 990-ez, Part II, Line 26

Payroll liabilities 786 0

Form 990-ez, Part III

The purpose of the corporation will be a home school cooperative. For middle school and high school students, promise education cooperative (pec) provides a strong core education in math, science, english, and history with individualized instruction in the core subjects and electives according to the students individual learning styles. Students and parents will experience motivation, encouragement, and qualified instruction in a faith-based, supportive, peaceful community that allows the students to grow socially and academically. Pec will thrive and grow through constant addition of new students and parents, outside donation, fundraising, and tuition to be a long-term, self-sustaining organization. Pec strives to influence young people to be godly, honest, inspired, and capable in order to be well-rounded and community-minded individuals.

Form 990-ez, Part III, Line 31

Promise education cooperative provides an atmosphere for learning for middle and high school homeschool students. The paid instructor taught the 4 core classes of history, science, english and math while also allowing a meeting space for parent-led elective classes. Promise education cooperative provided benefit to 8 students this year.

Raw XML Appendix145 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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IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF THE CORPORATION WILL BE A HOME SCHOOL COOPERATIVE. FOR MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS, PROMISE EDUCATION COOPERATIVE (PEC) PROVIDES A STRONG CORE EDUCATION IN MATH, SCIENCE, ENGLISH, AND HISTORY WITH INDIVIDUALIZED INSTRUCTION IN THE CORE SUBJECTS AND ELECTIVES ACCORDING TO THE STUDENTS INDIVIDUAL LEARNING STYLES. STUDENTS AND PARENTS WILL EXPERIENCE MOTIVATION, ENCOURAGEMENT, AND QUALIFIED INSTRUCTION IN A FAITH-BASED, SUPPORTIVE, PEACEFUL COMMUNITY THAT ALLOWS THE STUDENTS TO GROW SOCIALLY AND ACADEMICALLY. PEC WILL THRIVE AND GROW THROUGH CONSTANT ADDITION OF NEW STUDENTS AND PARENTS, OUTSIDE DONATION, FUNDRAISING, AND TUITION TO BE A LONG-TERM, SELF-SUSTAINING ORGANIZATION. PEC STRIVES TO INFLUENCE YOUNG PEOPLE TO BE GODLY, HONEST, INSPIRED, AND CAPABLE IN ORDER TO BE WELL-ROUNDED AND COMMUNITY-MINDED INDIVIDUALS.
IRS990EZ/ProgramServiceRevenueAmt06020
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INTERNET 300 CURRICULUM & COURSEWORK 3,293 OFFICE SUPPLIES SOFTWARE 963 PAYROLL FEES 100 POSTAGE & SHIPPING 75 BANK FEES 76 190 TOTAL 4,997
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PAYROLL LIABILITIES 786 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PURPOSE OF THE CORPORATION WILL BE A HOME SCHOOL COOPERATIVE. FOR MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS, PROMISE EDUCATION COOPERATIVE (PEC) PROVIDES A STRONG CORE EDUCATION IN MATH, SCIENCE, ENGLISH, AND HISTORY WITH INDIVIDUALIZED INSTRUCTION IN THE CORE SUBJECTS AND ELECTIVES ACCORDING TO THE STUDENTS INDIVIDUAL LEARNING STYLES. STUDENTS AND PARENTS WILL EXPERIENCE MOTIVATION, ENCOURAGEMENT, AND QUALIFIED INSTRUCTION IN A FAITH-BASED, SUPPORTIVE, PEACEFUL COMMUNITY THAT ALLOWS THE STUDENTS TO GROW SOCIALLY AND ACADEMICALLY. PEC WILL THRIVE AND GROW THROUGH CONSTANT ADDITION OF NEW STUDENTS AND PARENTS, OUTSIDE DONATION, FUNDRAISING, AND TUITION TO BE A LONG-TERM, SELF-SUSTAINING ORGANIZATION. PEC STRIVES TO INFLUENCE YOUNG PEOPLE TO BE GODLY, HONEST, INSPIRED, AND CAPABLE IN ORDER TO BE WELL-ROUNDED AND COMMUNITY-MINDED INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROMISE EDUCATION COOPERATIVE PROVIDES AN ATMOSPHERE FOR LEARNING FOR MIDDLE AND HIGH SCHOOL HOMESCHOOL STUDENTS. THE PAID INSTRUCTOR TAUGHT THE 4 CORE CLASSES OF HISTORY, SCIENCE, ENGLISH AND MATH WHILE ALSO ALLOWING A MEETING SPACE FOR PARENT-LED ELECTIVE CLASSES. PROMISE EDUCATION COOPERATIVE PROVIDED BENEFIT TO 8 STUDENTS THIS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLOTTE MISTY SAVAGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02604093334
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ReturnHeader/PreparerPersonGrp/PhoneNum02602747693
ReturnHeader/PreparerPersonGrp/PreparationDt02019-01-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL MCCANN CPA
ReturnHeader/ReturnTs02019-01-30T15:43:20-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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