Micahs Promise Inc
- Assets
- $5.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Columbus, GA
- Founding
- 04/2018
- Data as of
- 12/2022
- EIN
- 82-3172349
Organization Overview
Micahs Promise Inc is located in Columbus, GA. The organization was established in 2018. According to its NTEE Classification (I72) the organization is classified as: Child Abuse Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Micahs Promise Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Micahs Promise Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Micahs Promise Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $256.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROVIDE AN ENVIRONMENT FOR TRANSFORMATIONAL LIFE-CHANGE TO SURVIVORS OF DOMESTIC MINOR SEX TRAFFICKING ("DMST") AND BUILD A SUPPORTIVE COMMUNITY FOR REINTEGRATION.
Describe the Organization's Program Activity:
RAISING CAPITAL FUNDS NECESSARY TO BUILD A THERAPEUTIC TREATMENT FACILITY FOR GIRLS AGED 12 TO 17 SUFFERING FROM COMPLEX TRAUMA DUE TO BEING VICTIMIZED IN SEX TRAFFICKING. THE ORGANIZATION IS COMBATTING COMMERCIAL SEXUAL EXPLOITATION OF CHILDREN ("CSEC") WITH EVIDENCE BASED, TRAUMA CENTERED, SURVIVOR INFORMED, PREVENTION AND AWARENESS EDUCATION AND THE CREATION OF A THERAPEUTIC TREATMENT FACILITY FOR VICTIMS IN THE STATE OF GEORGIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobbi Starr Executive Director | OfficerTrustee | 40 | $80,875 |
Gene Weldon Chair | OfficerTrustee | 5 | $0 |
Jonathan Payne Treasurer | OfficerTrustee | 5 | $0 |
Dr Brett Murphy-Dawson Secretary | OfficerTrustee | 5 | $0 |
Nancy Sheek Director | Trustee | 1 | $0 |
Landy Cartledge Development Director | OfficerTrustee | 40 | $57,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,750 |
| Related organizations | $0 |
| Government grants | $27,614 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,348,230 |
| Noncash contributions included in lines 1a–1f | $369,077 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,379,594 |
| Total Program Service Revenue | $0 |
| Investment income | $14,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,394 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,379,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,250 |
| Compensation of current officers, directors, key employees. | $41,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,651 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,725 |
| Office expenses | $15,800 |
| Information technology | $26,381 |
| Royalties | $0 |
| Occupancy | $7,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,693 |
| Insurance | $12,195 |
| All other expenses | $2,765 |
| Total functional expenses | $256,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,791 |
| Savings and temporary cash investments | $746,886 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,650,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,514 |
| Total assets | $4,952,404 |
| Accounts payable and accrued expenses | $184,065 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $184,065 |
| Net assets without donor restrictions | $4,768,339 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,952,404 |