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Nonprofiteer
← THE AMERICAN PROMISE INC

Form 990 for tax year 2022

Filed by THE AMERICAN PROMISE INC.

Totals

Total revenue
$1,183,000
Total expenses
$2,701,858
Contributions and grants received
$1,183,000
Grants paid
$517,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,206,665
Total liabilities, end of year
$223,404
Net assets or fund balances, end of year
$983,261
Program services expenses (Part IX)
$2,079,494
Management and general expenses
$470,831
Fundraising expenses
$151,533
Program service expenses (Part III)
$2,079,494

Program services were 77.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,183,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $517,500 · program services $517,500

  • 11a · Fees: management

    total $868,169 · program services $565,103 · management and general $151,533 · fundraising $151,533

  • 11b · Fees: legal

    total $205,708 · management and general $205,708

  • 11c · Fees: accounting

    total $36,323 · management and general $36,323

  • 11g · Fees: other

    total $996,891 · program services $996,891

  • 13 · Office expenses

    total $218 · management and general $218

  • 16 · Occupancy

    total $31,604 · management and general $31,604

  • 22 · Depreciation, depletion and amortization

    total $6,751 · management and general $6,751

  • 23 · Insurance

    total $18,697 · management and general $18,697

  • 24a · Other expenses: EQUIPMENT LEASE

    total $19,936 · management and general $19,936

  • 24b · Other expenses: TAXES & LICENSES

    total $61 · management and general $61

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,591,815 · end of year $1,175,425

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,431 · end of year $14,140

  • 10a · Land, buildings and equipment: cost or other basis

    $65,158

  • 10b · Land, buildings and equipment: accumulated depreciation

    $48,058

  • 10c · Land, buildings and equipment, net

    beginning of year $23,850 · end of year $17,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $144,977 · end of year $223,404

  • 27 · Net assets without donor restrictions

    beginning of year $2,502,119 · end of year $983,261

Mission and programs · 2022

Mission

TO CONDUCT VARIOUS PROGRAMS TO EDUCATE CITIZENS ON THE SOCIETAL BENEFITS OF SOUND ECONOMIC, REGULATORY AND LEGAL POLICIES. SUCH PROGRAMS AND ACTIVITIES WILL INCLUDE, BUT NOT BE LIMITED TO, PUBLIC EDUCATION THROUGH SPEECHES, SEMINARS, RESEARCH, MEDIA DISTRIBUTION, INTERVIEWS, WEBSITE, ARTICLES, TELEVISION, RADIO AND NEWSPAPER INTERVIEWS AND OTHER ACTIVITIES FOR THE BETTERMENT OF SOCIETY.

  • LET'S PERSERVE THE AMERICAN DREAM INC. CONDUCTS VARIOUS PROGRAMS TO EDUCATE CITIZENS ON THE SOCIETAL BENEFITS OF SOUND ECONOMIC, REGULATORY, AND LEGAL POLICIES. SUCH PROGRAMS AND ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, PUBLIC EDUCATION THROUGH SPEECHES, SEMINARS, RESEARCH, MEDIA DISTRIBUTION, INTERVIEWS, WEBSITE, ARTICLES, TELEVISION, RADIO AND NEWSPAPER INTERVIEWS AND OTHER ACTIVITIES FOR THE BETTERMENT OF SOCIETY.

    Expenses $1,082,603 · Grants $517,500

  • RESEARCH, COLLECTING & ASSEMBLING INFORMATION FOR COMPILING DATA INFORMATION REPORTS IN ORDER TO PROPERLY BRIEF MEMBERS OF THE PRESS AND GENERAL PUBLIC IN A NON-PARTISAN, UNBIASED MANNER.

    Expenses $996,891

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nic Fugate

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Tyler Riddle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Trey Gardner

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Ryan Tyson

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
13 December 2023
IRS schema version
2022v5.0
Source object
202303479349300425

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