Nerys Promise FY2022 filing

Richmond, TX · Religious organization · Religion

✓ Tax-deductible
Revenue
$209K
+88% vs prior year
Spent
$63K
To programs
53%
Net assets
$298K
By yearFY2020–FY2024
Revenue
$209K
FY2022▲ +88%
Revenue by fiscal year
FY2020$87K
FY2021$112K
FY2022$209K
FY2023$201K
FY2024$353K
Expenses
$63K
FY2022
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$63K
FY2023$70K
FY2024$131K
Net assets
$298K
FY2022▲ +97%
Net assets by fiscal year
FY2020$81K
FY2021$151K
FY2022$298K
FY2023$429K
FY2024$652K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CNerys Promise
EINHdr · item D83-2330737
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 2019
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CRichmond, TX
NTEE classificationIRS BMFReligion (X20)
WebsiteHdr · item Jneryspromise.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$33K
Management & general47%$29K
Total functional expensesLn 25$63K

Financial health

Is it on solid ground?

Program efficiency
53%
of spending reaches programs
Operating runway
54.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+70%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$298K
FY2022
Total assets by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$298K
FY2023$430K
FY2024$652K
Total liabilities
$143
FY2022
Total liabilities by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$143
FY2023$143
FY2024$143
Revenue less expensesPt I · Ln 19$147K
Total assetsPt X · Ln 16$298K
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Balance Sheet

Part X · end of year
CashLn 1$287K
Total assetsLn 16$298K
Total liabilitiesLn 26$143
Total net assetsLn 32$298K
Months of cash on handcomputed54.9

Statement of Revenue

Part VIII
Contributions & grants100%$209K
Other revenue$50
Total revenueLn 12$209K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $287K · Operating expenses/yr $63K
54.9 months
Where the money goes
Program services
Program services $33K · Total expenses $63K
53%
Management & General
Management & general $29K · Total expenses $63K
47%
Fundraising
Fundraising $0 · Total expenses $63K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $209K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $209K · Total revenue $209K
100%
Government reliance
Government grants — · Total revenue $209K
—
Earned-income share
Program service revenue $0 · Total revenue $209K
0%
Investment reliance
Investment income $0 · Total revenue $209K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $63K
0%
Growth & trend
Revenue growth (YoY)
This year $209K · Prior year $112K
+88%
Net-asset trend (YoY)
End of year $298K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $209K · Expenses $63K
+70%
Liabilities-to-Assets
Total liabilities — · Total assets $298K
—
Net-asset ratio
Net assets $298K · Total assets $298K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $298K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Doug Goff · Reported title President · Highest reported compensation $0 · Total expenses $63K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $63K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 53%——
Overhead ratio 47%——
Fundraising cost ratio 0%——
Revenue growth 88%——
Accounting fee ratio 5%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Nerys Promise executive salaries →

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Governance & Policies

Part VI
  • 14Voting board membersPt VI · Ln 1a
  • 14Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Connects children and families with God through community programs.

Provided by the organization

This section is blank until Nerys Promise claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $33K of program spending, described in the organization's own filed words · FY2022.
01

Our purpose is simple. We are daily committed to what we set out to do years ago. We aim to make a positive, constructive and permanent difference for god. We are watching the community around us change, one person at a time, through our diligent dedication to filling their spiritual and physical needs.

$33Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$12K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $353K$131K+75% 990 PDF
FY2023 $201K$70K-4% 990 PDF
FY2022 Viewing $209K$63K+88% 990 PDF
FY2021 $112K—+29% 990 PDF
FY2020 $87K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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