Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Liabilities / Revenue
74th percentile
Higher debt load relative to revenue than 74% of similar nonprofits.
Net Margin
62nd percentile
Higher net margin than 62% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 69.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Assets
$2,793
No earlier filing loaded for comparison.
Net Assets
$2,007
No earlier filing loaded for comparison.
Liabilities
$786
No earlier filing loaded for comparison.
Revenue
$21,619
No earlier filing loaded for comparison.
Expenses
$19,612
No earlier filing loaded for comparison.
Net Income
$2,007
No earlier filing loaded for comparison.
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. | - | $14,921 |
| 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 | $14,921 | - | $14,921 |
| KAREN RICE | President | PT | $0 | - | - |
| KRISTA ANDERSON | Secretary | PT | $0 | - | - |
| CHARLOTTE MISTY SAVAGE | Treasurer | PT | $0 | - | - |
| TIMOTHY SAVAGE | Board Member | - | $0 | - | - |
“Expenses 254 710 total 964”
“Payroll liabilities 0 786”
“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/EOYAmt | 0 | 2793 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 16157 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 2007 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2286 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 2793 |
| IRS990EZ/GrossReceiptsAmt | 0 | 21619 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitialReturnInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 2 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 2007 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 2007 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 300 |
| 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 | 14921 |
| 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 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 964 |
| 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 | 5460 |
| 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 | 14921 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 16062 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 786 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 19612 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 14921 |
| IRS990EZ/TotalRevenueAmt | 0 | 21619 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 16157 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 16157 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 5462 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 16157 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 16157 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 16157 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 16157 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES 254 710 TOTAL 964 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PAYROLL LIABILITIES 0 786 |
| 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 | 2018-06-14 16:35:46Z |
| 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 | 2018-05-30 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PROMISE EDUCATION COOPERATIVE INC |
| 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 | 70C2A4C581E1E275590F61F73F2E23B44D669C16 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | BDB0EF17A5127AEEC3CCDA96E844CD10AD0F34B5 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 18.236.95.190 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-06-18 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 12:57:53 |
| 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 | 2605682068 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-05-30 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | PAUL MCCANN CPA |
| ReturnHeader/ReturnTs | 0 | 2018-06-18T12:57:53-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
No mirrored PDF or thumbnail assets are attached yet.
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.