PROMISE ACADEMY: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: PROMISE ACADEMY (EIN 76-0789317)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-02-22
IRS object ID: 201330539349300203
Schema version: 2011v1.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule E
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-02-22T07:44:22-06:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MCMANUS DOSEN & CO	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	7251 ENGLE RD STE 406	AddressLine1
City	MIDDLEBURG HEIGHTS	City
State	OH	State
ZIP Code	441308404	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	760789317	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PROMISE ACADEMY	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	PROM	NameControl
Phone	2164430500	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1701 EAST 13TH STREET	AddressLine1
City	CLEVELAND	City
State	OH	State
ZIP Code	44114	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MELINDA B TOTH	Name
Title	TREASURER	Title
Phone	2164430500	Phone
Date Signed	2013-02-04	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	CHRISTOPHER J GAMBACCINI CPA	Name
Phone	4402433400	Phone
Date Prepared	2013-02-22	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	MELINDA B TOTH	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1701 EAST 13TH STREET	AddressLine1
City	CLEVELAND	City
State	OH	State
ZIP Code	44114	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	3373635	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.PROMISE-ACADEMY.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2007	YearFormation
State Legal Domicile	OH	StateLegalDomicile
Activity Or Mission Description	THE FACULTY AND STAFF AT PROMISE ACADEMY ARE DEDICATED TO THE CONCEPTS OF INNOVATION, EXCELLENCE, ACADEMIC ACHIEVEMENT, AND OPPORTUNITY FOR ALL STUDENTS REGARDLESS OF LIFE CIRCUMSTANCES.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	7	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	295526	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3460341	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3370460	ProgramServiceRevenueCY
Investment Income Prior Year	2359	InvestmentIncomePriorYear
Investment Income Current Year	3175	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	3758226	TotalRevenuePriorYear
Total Revenue Current Year	3373635	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	2679053	OtherExpensePriorYear
Other Expenses Current Year	3737999	OtherExpensesCurrentYear
Total Expenses Prior Year	2679053	TotalExpensesPriorYear
Total Expenses Current Year	3737999	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	1079173	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-364364	RevenuesLessExpensesCY
Total Assets BOY	1680095	TotalAssetsBOY
Total Assets EOY	1321577	TotalAssetsEOY
Total Liabilities BOY	1546	TotalLiabilitiesBOY
Total Liabilities EOY	7392	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1678549	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	1314185	NetAssetsOrFundBalancesEOY
Mission Description	THE FACULTY AND STAFF AT PROMISE ACADEMY ARE DEDICATED TO THE CONCEPTS OF INNOVATION, EXCELLENCE, ACADEMIC ACHIEVEMENT, AND OPPORTUNITY FOR ALL STUDENTS REGARDLESS OF LIFE CIRCUMSTANCES.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	2714738	Expense
Revenue	3370460	Revenue
Description	PROMISE ACADEMY IS A CLEVELAND METROPOLITAN SCHOOL DISTRICT SPONSORED CHARTER SCHOOL PROVIDING A HIGH QUALITY EDUCATION FOR NON-TRADITIONAL STUDENTS IN GRADES NINE THROUGH TWELVE. PROMISE ACADEMY IS DEDICATED TO THE CONCEPTS OF INNOVATION, EXCELLENCE, ACADEMIC ACHIEVEMENT, AND OPPORTUNITY FOR ALL STUDENTS REGARDLESS OF LIFE CIRCUMSTANCE. CENTRAL TO ITS MISSION IS THE CREATION OF A SCHOOL COMMUNITY CHARACTERIZED BY CARING, DISCIPLINE, ORDER, AND RESPECT. THE ACADEMY CURRENTLY ENROLLS APPROXIMATELY 616 STUDENTS.	Description
Total Program Service Expense	2714738	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	15	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	MELINDA TOTH	NamePerson
Telephone Number	2164430502	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1701 EAST 13TH ST	AddressLine1
City	CLEVELAND	City
State	OH	State
ZIP Code	44114	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
HARRIET BONNER
BOARD MEMBER	2.00	X	0	0	0
CYNTHIA MORGAN
BOARD MEMBER	2.00	X	0	0	0
LISA FARMER
BOARD MEMBER	2.00	X	0	0	0
TERRY BUTLER
BOARD MEMBER	2.00	X	0	0	0
JAMES TRIBBLE
BOARD MEMBER	2.00	X	0	0	0
CHERYL NEYLON
PRESIDENT	2.00		0	0	0	X
CHRISTINE FOWLER-MACK
VICE PRESIDE	2.00		0	0	0	X

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
CLEVELAND METROPOLITAN SCHOOL DIST
1380 EAST 6TH ST	CLEVELAND	OH	44114	FIN MGMT SERV	1678122
NCS PEARSON INC
827 WEST GROVE AVENUE	MESA	AZ	85210	SOFTWARE	213894
THE ROCKWELL CO
55 ERIEVIEW PLAZA	CLEVELAND	OH	44114	RENT	209588

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	3	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
FOUNDATION PAYMENTS	3353296	3353296
OTHER PROGRAM SERVICE REV	17164	17164

Field	Value	IRS element (for citing)
Total Program Service Revenue	3370460	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	3175	TotalRevenueColumn
Exclusion	$3,175	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3373635	TotalRevenueColumn
Related Or Exempt Function Income	3370460	RelatedOrExemptFunctionIncome
Exclusion	$3,175	ExclusionAmount

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	146000	Total
Management And General	146000	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	2341478	Total
Program Services	2160225	ProgramServices
Management And General	181253	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	1869	Total
Management And General	1869	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	89669	Total
Management And General	89669	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	352731	Total
Program Services	299821	ProgramServices
Management And General	52910	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	17816	Total
Management And General	17816	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	45310	Total
Program Services	38513	ProgramServices
Management And General	6797	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	14825	Total
Management And General	14825	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Management And GeneralManagementAndGeneral	Program ServicesProgramServices
DUES & FEES	428128	428128
CLASSROOM MATERIALS	106295		106295
OTHER PURCHASED SERVICES	54173	8126	46047
INSTRUCTIONAL IMPROVEMENT	46619		46619

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	93086	Total
Program Services	17218	ProgramServices
Management And General	75868	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3737999	Total
Program Services	2714738	ProgramServices
Management And General	1023261	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1373475	BOY
EOY	691868	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	810009	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	180300	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	306620	BOY
EOY	629709	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1680095	BOY
EOY	1321577	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1546	BOY
EOY	7392	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1546	BOY
EOY	7392	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1678549	BOY
EOY	1314185	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1678549	BOY
EOY	1314185	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1680095	BOY
EOY	1321577	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-364364	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	true	AccountantCompileOrReview
FS Audited	false	FSAudited
Audit Committee	false	AuditCommittee

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	798514	OtherCostOrOtherBasis
Depreciation	171684	Depreciation
Book Value	626830	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	11495	OtherCostOrOtherBasis
Depreciation	8616	Depreciation
Book Value	2879	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	629709	TotalOfBookValueLandBuildings

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

Field	Value	IRS element (for citing)
Identifier	FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION	Identifier
Return Reference	SCHEDULE E LINE 6	ReturnReference
Explanation	STATE FUNDING IS RECEIVED FOR SCHOOL OPERATIONS	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	THE BOARD MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH DISCUSSION AT REGULARLY SCHEDULED BOARD MEETINGS.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	DOCUMENTS ARE AVAILABLE UPON REQUEST.