PLATINUM2023

Promise 686 Inc

God sets the lonely in families. Psalm 68:6

Peachtree Corners, GA   |  http://promise686.org

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GuideStar Charity Check

Promise 686 Inc

EIN: 27-0427930


Mission

Promise686 is a faith-based child advocacy organization. Our mission is to mobilize church communities to care for vulnerable children. We serve with the simple belief that every child needs a strong, loving family. We help by planting Family Advocacy Ministries (FAMs) in local churches. These ministries serve children in three ways. First, they prevent children from coming into foster care, strengthening biological families. Second, FAMs intervene with foster families and supporting volunteers if a child enters foster care. Third, FAMs connect children in need of adoption to forever families.

Ruling year info

2009

CEO

Andy Cook

Main address

5300 Triangle Pkwy

Peachtree Corners, GA 30092 USA

Show more contact info

EIN

27-0427930

Subject area info

Child advocacy

Human services

Child welfare

Adoption

Population served info

Children and youth

Christians

At-risk youth

NTEE code info

Human Service Organizations (P20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Over 140 million considered orphans worldwide, with over 400,000 of these children living in the United States. Each year, over 250,000 children enter the U.S. child welfare system and over 23,000 children age out of foster care.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Area Growth Strategy

We are working to resource more churches and volunteers to increase our capacity to engage and help stabilize more children and families. Our goal will be to recruit, train, and mobilize an additional churches in the region that will initiate our FAM (family advocacy ministry) model of care. With this deployment of hundreds of volunteers, we can meet many if not most of the physical and relational needs of our at-risk families.

Population(s) Served
Families
Children and youth
Foster and adoptive parents

Where we work

Awards

Best Christian Workplaces 2022

Best Christian Workplaces

Best Christian Workplaces 2023

Best Christian Workplaces

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of volunteers

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of partner churches

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of children served

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our vision is to fulfill God's promise "to set the lonely in families." We work toward this goal by mobilizing church communities to care for vulnerable children. We know many people are unaware of the child welfare crisis. We also know when people become aware, they many times would like to get involved but aren’t sure where to start.

That’s where Promise686 come in. We equip churches to:

Raise awareness around the needs of vulnerable children
Help prevent children from going into foster care by supporting biological families in need
Recruit and equip foster & adoptive families
Create Care Communities for those caring for at-risk kids

Promise686 equips churches to:
Raise awareness around the needs of vulnerable children
Help prevent children from going into foster care by supporting biological families in need
Recruit and equip foster & adoptive families
Create Care Communities for those caring for at-risk kids

We call this model Family Advocacy Ministries (FAMs). Ultimately, our hope is to see every child in a safe, loving family, forever. FAMs help us get closer to this goal by creating support systems for foster & adoptive families, and biological families in crisis

We currently have over 1750 FAMs who have impacted over 16,000 children nationwide.
Our goal by the end of 2023 is to have 1825 FAMs.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To make fundamental changes to our programs and/or operations, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

Financials

Promise 686 Inc
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 Promise686
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

3.03

Average of 106.78 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

7.2

Average of 7.9 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

23%

Average of 26% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Promise 686 Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Promise 686 Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Promise 686 Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Promise 686 Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$23,285 $820,800 $19,560 $366,943 -$128,816
As % of expenses -1.9% 63.9% 1.2% 18.7% -4.8%
Unrestricted surplus (deficit) after depreciation -$23,285 $816,521 $15,281 $362,664 -$129,754
As % of expenses -1.9% 63.4% 0.9% 18.4% -4.9%
Revenue composition info
Total revenue (unrestricted & restricted) $1,199,159 $2,105,021 $1,670,610 $2,361,672 $2,536,239
Total revenue, % change over prior year 8.8% 75.5% -20.6% 41.4% 7.4%
Program services revenue 2.9% 2.3% 5.5% 4.4% 4.6%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.1% 0.3% 0.0% 0.1%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 97.1% 97.6% 86.4% 87.6% 95.4%
Other revenue 0.0% 0.0% 7.7% 8.0% 0.0%
Expense composition info
Total expenses before depreciation $1,222,444 $1,284,221 $1,651,050 $1,964,276 $2,665,056
Total expenses, % change over prior year 10.5% 5.1% 28.6% 19.0% 35.7%
Personnel 60.0% 57.1% 62.8% 68.1% 74.4%
Professional fees 2.5% 3.4% 1.0% 3.3% 2.4%
Occupancy 1.6% 1.7% 2.4% 2.0% 1.3%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 20.5% 21.1% 23.6% 13.0% 7.8%
All other expenses 15.4% 16.7% 10.2% 13.5% 14.1%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,222,444 $1,288,500 $1,655,329 $1,968,555 $2,665,994
One month of savings $101,870 $107,018 $137,588 $163,690 $222,088
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $12,837 $0 $0 $0 $56,272
Total full costs (estimated) $1,337,151 $1,395,518 $1,792,917 $2,132,245 $2,944,354

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 4.7 12.3 9.2 10.6 7.2
Months of cash and investments 4.7 12.3 9.2 10.6 7.2
Months of estimated liquid unrestricted net assets 4.5 12.0 9.4 10.2 6.7
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $482,119 $1,318,849 $1,268,261 $1,729,516 $1,603,249
Investments $0 $0 $0 $0 $0
Receivables $45,000 $1,800 $99,015 $20,000 $0
Gross land, buildings, equipment (LBE) $12,837 $12,837 $8,558 $0 $56,272
Accumulated depreciation (as a % of LBE) 0.0% 33.3% 50.0% 0.0% 1.7%
Liabilities (as a % of assets) 4.7% 2.5% 2.3% 3.8% 25.6%
Unrestricted net assets $472,230 $1,288,751 $1,304,032 $1,666,696 $1,536,942
Temporarily restricted net assets $45,000 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $45,000 $15,133 $40,000 $20,000 $0
Total net assets $517,230 $1,303,884 $1,344,032 $1,686,696 $1,536,942

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

CEO

Andy Cook

Number of employees

Source: IRS Form 990

Promise 686 Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Promise 686 Inc

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Promise 686 Inc

Board of directors
as of 11/30/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Tim Rider

Seatec

Keith Style

Patrick Moody

Jim Allen

Leonce Crump

Joyce Dalrymple

Jody McNatt

Brett Lane

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 11/30/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability