BRONZE2023

Promise Keepers

aka PK   |   Colorado Springs, CO   |  www.promisekeepers.org
GuideStar Charity Check

Promise Keepers

EIN: 84-1157834


Mission

We believe God is calling Promise Keepers to activate and sustain a social movement of men of faith. Our mission is to follow Jesus Christ in being a powerful and effective agent of transformation among men in our nation and worldwide. We aim to inspire men to live with integrity and mobilize them to answer God’s call to be Changemakers in His name.

Ruling year info

1991

CEO

Ken Harrison

COO

Mr. Rick Wright

Main address

PO Box 63570

Colorado Springs, CO 80908 USA

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EIN

84-1157834

Subject area info

Christianity

NTEE code info

Christian (X20)

Programs and results

What we aim to solve

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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?

Promise Keepers will produce 18 men's conference events in 2003 with an estimated capacity of 244,000 attendees.

Population(s) Served

Ignite men to become passionate followers of Jesus Christ through confernces, clergy training workshops, community service, youth camps

Population(s) Served

Where we work

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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 identify bright spots and enhance positive service experiences, To inform the development of new programs/projects, To strengthen relationships with the people we serve

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

    We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

Promise Keepers
Fiscal year: Jan 01 - Dec 31
Financial documents
2008 PK Audited Financial statements 2008
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

0.87

Average of 0.74 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

2.5

Average of 1.4 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

24%

Average of 8% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Promise Keepers

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Promise Keepers

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 Keepers

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Promise Keepers’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.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $89,667 -$587,686 -$134,887 $440,102 $661,347
As % of expenses 8.9% -21.0% -4.2% 10.5% 40.0%
Unrestricted surplus (deficit) after depreciation $89,667 -$590,343 -$138,320 $436,670 $642,557
As % of expenses 8.9% -21.1% -4.3% 10.4% 38.5%
Revenue composition info
Total revenue (unrestricted & restricted) $1,101,282 $2,210,322 $3,049,150 $4,644,365 $2,313,167
Total revenue, % change over prior year -31.4% 100.7% 38.0% 52.3% -50.2%
Program services revenue 0.0% 0.0% 0.0% 9.8% 0.2%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 100.0% 93.8% 84.2% 86.9% 99.5%
Other revenue 0.0% 6.2% 15.8% 3.3% 0.3%
Expense composition info
Total expenses before depreciation $1,011,615 $2,798,008 $3,184,037 $4,204,263 $1,651,820
Total expenses, % change over prior year -20.5% 176.6% 13.8% 32.0% -60.7%
Personnel 9.1% 13.3% 26.4% 17.4% 40.6%
Professional fees 35.7% 52.5% 30.2% 21.4% 32.1%
Occupancy 5.3% 2.2% 1.5% 0.5% 0.0%
Interest 1.4% 0.6% 0.2% 0.5% 0.5%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 48.6% 31.4% 41.7% 60.3% 26.8%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,011,615 $2,800,665 $3,187,470 $4,207,695 $1,670,610
One month of savings $84,301 $233,167 $265,336 $350,355 $137,652
Debt principal payment $0 $0 $0 $169,771 $229
Fixed asset additions $0 $10,297 $0 $0 $197,571
Total full costs (estimated) $1,095,916 $3,044,129 $3,452,806 $4,727,821 $2,006,062

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 2.8 1.6 0.4 0.5 2.5
Months of cash and investments 2.8 1.6 0.4 0.5 2.5
Months of estimated liquid unrestricted net assets 2.8 -1.5 -1.9 -0.2 3.0
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $234,741 $383,740 $118,762 $185,813 $342,980
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $0 $459,313
Gross land, buildings, equipment (LBE) $153,281 $10,277 $10,277 $10,277 $207,869
Accumulated depreciation (as a % of LBE) 100.0% 25.7% 59.1% 92.5% 13.6%
Liabilities (as a % of assets) 57.2% 189.6% 295.8% 117.0% 40.0%
Unrestricted net assets $238,699 -$351,644 -$489,964 -$53,294 $589,263
Temporarily restricted net assets $0 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 $0 $0 $0 $0 $0
Total net assets $238,699 -$351,644 -$489,964 -$53,294 $589,263

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

Ken Harrison

Ken Harrison currently serves as CEO of Promise Keepers. His mission is to provide a way to reach men all across the globe while inspiring Promise Keepers entire community of givers, advisors, nonprofits, churches and business leaders. After graduating from Marine Corps Officer Candidate School and then serving as a Los Angeles Police Officer, Harrison spent nearly two decades in the commercial real estate arena both nationally and internationally. After successfully building and growing his company, he sold the majority interest to Colliers International, the second largest commercial real estate company in the world. He stayed on as CEO of U.S. Valuation and Chair of International Valuation. His combination of entrepreneurial success, executive leadership and commitment to Kingdom service will propel Promise Keepers forward as we continue to help build the Kingdom. An author and corporate speaker, Harrison has appeared on many television and radio interviews, including, The Huckabee Show, James Dobson’s Family Talk, Fox Nation, The 700 Club and Turning Point. With a long record of dedicated service to ministry, Harrison leads Bible studies locally and participates in missions trips to South Africa, Haiti, and the Philippines. He is a Colson Fellow and has served on many boards, such as Promise Keepers, FCA, Corban University, Colorado Uplift and Urban Youth Ministries. Harrison is the chair of Promise Keepers and is responsible for bringing that great organization back to significance. Harrison’s books include; Rise of the Servant Kings & his latest book called Daring Faith in a Cowardly World.

COO

Rick Wright

Rick Wright currently is the COO of Promise Keepers. He has been with Promise Keepers from the beginning and truly has a heart for men to find Jesus Christ.

Number of employees

Source: IRS Form 990

Promise Keepers

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Show data for fiscal year
Compensation data
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Promise Keepers

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 Keepers

Board of directors
as of 10/19/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

William McCartney

Promise Keepers

William P. McCartney

Promise Keepers

Gene Binder

Cornerstone Church

Michael Walker

Church in the City/Beth Abraham

Jonathan Bernis

Jewish Voice Ministries, International

Jean Cadet

Christian Missionary Alliance

Lee Domingue

Wolters Kluwer Financial Services

Raleigh B. Washington

Promise Keepers

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 10/19/2023

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

Leadership

No data

The organization's co-leader identifies as:

No data

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

No data

Equity strategies

Last updated: 10/19/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser