Civic Intelligence

Bursting with Promise Inc.

990 • Fiscal year 2023 • EIN 82-4255345

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 14, 2024

Organization ProfileWWW.BURSTINGWITHPROMISE.ORG
PO Box 1785Bowie, MD 20717

(301) 459-0404

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

49th percentile

0.0%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Flat

$8,621

Flat from 2022

Net Assets

Flat

$8,621

Flat from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2022

Expenses

Flat

$0

Flat from 2022

Net Income

Flat

$0

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$10K$5.0K$0Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $3,691Liabilities 2020: $0Net Assets 2020: $3,6912020Assets 2021: $8,206Liabilities 2021: $0Net Assets 2021: $8,2062021Assets 2022: $8,621Liabilities 2022: $0Net Assets 2022: $8,6212022Assets 2023: $8,621Liabilities 2023: $0Net Assets 2023: $8,6212023Assets 2024: $5,083Liabilities 2024: $0Net Assets 2024: $5,1412024

Highlighted filing

2023

Assets$8,621
Liabilities$0
Net Assets$8,621
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20K$10K$0-$10K-$20KRevenue 2019: $0Expenses 2019: $11,966Net Income 2019: -$11,9662019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $13,501Expenses 2024: $14,906Net Income 2024: -$1,4052024

Highlighted filing

2023

Revenue$0
Expenses$0
Net Income$0
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 14, 2024
Return Version
2023v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Organization committed to providing financial assistance annually to qualifying students entering morgan state university freshman calss and offering other community assistance through worthwhile project

Scholarships and accademic support to college, high school and elementary school students

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$8,621$8,621→ $0
Total Assets$8,621$8,621→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,621$8,621▲ $5,000
Net Assets With Donor Restrictions$5,000--
Total Net Assets Fund Balance$8,621$8,621→ $0
Total Liabilities and Net Assets / Fund Balance$8,621$8,621→ $0
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
S ManigaultPresident
P BakerVice President
Kadianne Mingsecretary
G ClarkeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Bursting With Promise Inc
EIN
82-4255345
Address
PO BOX 1785, BOWIE, MD 20717

Signing Officer

Name
Gemma Clarke
Title
Treasurer
Phone
8004898076
Signed
2024-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sabrina Kaigler
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
SHAMMS Financial Associates
Address
9320 Annapolis Rd Ste202, Lanham, MD 20706
Preparer
Hanifa Kamara
Phone
3014590404
Supplemental Narrative

Additional Explanations

Bursting With Promise Inc

“Bursting with promise inc - page 8 part vii organization does not have compensated members”

Raw XML Appendix244 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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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/MissionDesc0COMMITTED TO PROVIDING FINANCAIL ASSISTANCE PERIODICALLY TO QUALIFYING INCOMING FRESHMEN COLLEGE STUDENTS. PROVIDING OTHER COMMUNITY ASSIS- TANCE THROUGH WORTHWILE PROJECTS TO HIGHSCHOOL AND ELEMENTARY S
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IRS990/NetAssetsOrFundBalancesBOYAmt08621
IRS990/NetAssetsOrFundBalancesEOYAmt08621
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08621
IRS990/NondeductibleContributionsInd0false
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IRS990/Organization501c3Ind0X
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IRS990/RevenueAmt018500
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt030722
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0BURSTING WITH PROMISE INC
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/Filer/BusinessNameControlTxt0BURS
ReturnHeader/Filer/EIN0824255345
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-10-14T13:38:16-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,621
Liabilities
$0
Net assets
$8,621
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.08$0.00$5.14$13.5$14.9$1.41
2023Detailed filing. Detailed filing data is available for this year.$8.62$0.00$8.62$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$8.62$0.00$8.62$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$8.21$0.00$8.21$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$3.69$0.00$3.69$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$12.0$12.0