Propel Inc

Nonprofit profile at a glance

EIN
010793986
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-EZ 2010
Location
Boca Raton, FL, USA
Phone
5619558553
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Youth Development Programs

Official website

Reported finances

Revenue
$1,073,331
Expenses
$1,088,552
Assets
$1,377,722
Liabilities
$9,736

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Highest reported compensation

  • GREGG FRANCIS (CHAIR): $120,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Propel is a not-for-profit organization is dedicated to fostering leadership potential, academic and career success, and healthy living choices of underserved youth (ages 7-21) living in palm beach, broward, and polk counties of Florida by providing after-school programming, community involvement and enrichment activities, summer camp opportunities, job placement support and college scholarships. Propel is a not-for-profit organization consisting of four professional paid staff, and a board of directors, advisers, and volunteers which are comprised of community leaders and benefactors.

What it reported doing in 2024

Propel acts as a catalyst for sustained positive change in the lives of families and communities by establishing collaborative partnerships with community organizations, businesses, service providers, and government agencies. Propel strengthens and stabilizes the functioning of those underserved through a variety of multifaceted services, such as literacy, financial literacy, mentorship, tutoring, nourishment, and apprenticeship, with an end goal for the students to obtain higher education and/or a skilled trade in hope of breaking cycles of poverty. This is accomplished by developing innovative strategies and interventions that respond to the identified needs of individuals within a targeted community. Propel instills the sense of responsibility for one's actions, indoctrinates self-discipline based on hard work, promotes empowerment among youth, families, and communities and utilizes the varied experience and expertise of individuals demonstrating knowledge in various supportive services being offered in addition to assessing individual goals and assisting them in being achieved.

Operating model

Revenue model
Donor-supported. 72% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 92
  • Accountability: 74
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.5%; rating input score 93
  • Program expense ratio: 89.9%; rating input score 90
  • Fundraising efficiency: $14.08 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1.4%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 1.27; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 71; 71st percentile among comparable filings
  • Officer compensation ratio: 11%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 32.4% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 11.1% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: 12.1% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 92.5% of revenue deployed · 89.9% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $978K in reported program spending
  • Leadership: top reported pay $120K · 3 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
  • Moderate — Sustainability: Operating margin scored 32/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.