Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
34th percentile
Higher net margin than 34% of similar nonprofits.
Top Officer Pay
89th percentile
Higher top officer pay than 89% of similar nonprofits.
Top officer pay equals 80.9% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
82nd percentile
Faster revenue growth than 82% of similar nonprofits.
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
Most recent year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
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.
| Description | Grants | Expenses |
|---|---|---|
| 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. | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| GARY LENN | Board Member | FT | $25,080 | - | $25,080 |
| KAREN RICE | President | PT | $0 | - | - |
| KRISTA ANDERSON | Secretary | PT | $0 | - | - |
| CHARLOTTE MISTY SAVAGE | Treasurer | PT | $0 | - | - |
| TIMOTHY SAVAGE | Board Member | - | $0 | - | - |
“Expenses internet 300 curriculum & coursework 3,293 office supplies software 963 payroll fees 100 postage & shipping 75 bank fees 76 190 total 4,997”
“Payroll liabilities 786 0”
“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.”
“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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | CHARLOTTE MISTY SAVAGE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2604093334 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1355 WACO DR |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | HUNTINGTON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 46750 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 2791 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 24980 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -2005 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 650 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/FinalReturnInd | 0 | X |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 2791 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 31002 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 2 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 2005 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 2005 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 361 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 25080 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | KAREN RICE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | KRISTA ANDERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | CHARLOTTE MISTY SAVAGE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | TIMOTHY SAVAGE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | GARY LENN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | true |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 4997 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 6020 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 28373 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 26999 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 786 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 33007 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 28373 |
| IRS990EZ/TotalRevenueAmt | 0 | 31002 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 24980 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 16157 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 41137 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 11482 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 41137 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 24980 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 16157 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 41137 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 41137 |
| IRS990ScheduleN/AssetsDistributedInd | 0 | true |
| IRS990ScheduleN/BondsOutstandingInd | 0 | false |
| IRS990ScheduleN/DirectorOfSuccessorInd | 0 | false |
| IRS990ScheduleN/EmployeeOfSuccessorInd | 0 | false |
| IRS990ScheduleN/LiabilitiesPaidInd | 0 | true |
| IRS990ScheduleN/OwnerOfSuccessorInd | 0 | false |
| IRS990ScheduleN/ReceiveCompensationInd | 0 | false |
| IRS990ScheduleN/RequiredToNotifyAGInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES 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/ExplanationTxt | 1 | PAYROLL LIABILITIES 786 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHARLOTTE MISTY SAVAGE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2604093334 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-01-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PROMISE EDUCATION COOPERATIVE INC |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | SAVAGE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PROM |
| ReturnHeader/Filer/EIN | 0 | 821088422 |
| ReturnHeader/Filer/PhoneNum | 0 | 2604093334 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1355 WACO DRIVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | HUNTINGTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 46750 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | FC23D1AE6950E1A243F9DB260883B090B7A834E7 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | A60016C31BB243FE1B22F8DF6385E74874AB4EDB |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 52.37.240.203 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-01-30 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 15:43:20 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 822827572 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MCCANN ADVISORS LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 18 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WABASH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 469920018 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2602747693 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2019-01-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | PAUL MCCANN CPA |
| ReturnHeader/ReturnTs | 0 | 2019-01-30T15:43:20-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
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