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Nonprofiteer
← FAMILY PROMISE INC

Form 990 for tax year 2024

Filed by FAMILY PROMISE INC.

Totals

Total revenue
$9,327,636
Total expenses
$7,539,434
Contributions and grants received
$8,278,235
Grants paid
$3,074,605
Program service revenue
$949,305
Investment income
$119,689
Other revenue
-$19,593
Total assets, end of year
$12,237,920
Total liabilities, end of year
$2,998,853
Net assets or fund balances, end of year
$9,239,067
Program services expenses (Part IX)
$6,591,240
Management and general expenses
$591,577
Fundraising expenses
$356,617
Program service expenses (Part III)
$6,591,240

Program services were 87.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $97,553

  • 1e · Government grants (contributions)

    $386,362

  • 1f · All other contributions, gifts and grants

    $7,794,320

  • 1g · Noncash contributions included above

    $342,515

  • 2a · Program service revenue: NETWORK FEES

    total $815,342 · related or exempt $815,342

  • 2b · Program service revenue: CONFERENCE FEES

    total $133,963 · related or exempt $133,963

  • 3 · Investment income

    total $122,726 · excluded $122,726

  • 7a · Gross sales of assets other than inventory

    securities $2,677,160

  • 7b · Less cost or other basis and sales expenses

    securities $2,680,197

  • 7c · Gain or loss

    securities -$3,037

  • 7d · Net gain or loss

    total -$3,037 · excluded -$3,037

  • 8a · Fundraising events: gross income

    $18,352

  • 8a · Fundraising events: contributions included on line 1c

    $97,553

  • 8b · Fundraising events: direct expenses

    $37,945

  • 8c · Net income from fundraising events

    total -$19,593 · excluded -$19,593

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,451,332 · program services $2,451,332

  • 2 · Grants to domestic individuals

    total $623,273 · program services $623,273

  • 5 · Compensation of officers, directors and key employees

    total $906,417 · program services $717,763 · management and general $115,352 · fundraising $73,302

  • 7 · Other salaries and wages

    total $1,767,998 · program services $1,400,019 · management and general $224,997 · fundraising $142,982

  • 8 · Pension plan contributions

    total $70,412 · program services $55,757 · management and general $8,961 · fundraising $5,694

  • 9 · Other employee benefits

    total $181,898 · program services $144,039 · management and general $23,148 · fundraising $14,711

  • 10 · Payroll taxes

    total $206,283 · program services $163,349 · management and general $26,252 · fundraising $16,682

  • 11c · Fees: accounting

    total $33,354 · program services $29,389 · management and general $2,418 · fundraising $1,547

  • 11f · Fees: investment management

    total $34,322 · management and general $34,322

  • 11g · Fees: other

    total $446,568 · program services $350,559 · management and general $58,711 · fundraising $37,298

  • 13 · Office expenses

    total $157,601 · program services $121,518 · management and general $20,534 · fundraising $15,549

  • 14 · Information technology

    total $124,758 · program services $98,792 · management and general $15,877 · fundraising $10,089

  • 16 · Occupancy

    total $25,549 · program services $20,231 · management and general $3,251 · fundraising $2,067

  • 17 · Travel

    total $133,883 · program services $106,018 · management and general $17,038 · fundraising $10,827

  • 19 · Conferences, conventions and meetings

    total $212,384 · program services $166,178 · management and general $28,256 · fundraising $17,950

  • 22 · Depreciation, depletion and amortization

    total $11,105 · program services $8,794 · management and general $1,413 · fundraising $898

  • 23 · Insurance

    total $26,484 · program services $20,972 · management and general $3,370 · fundraising $2,142

  • 24a · Other expenses: TRAINING

    total $110,325 · program services $97,769 · management and general $7,677 · fundraising $4,879

  • 24b · Other expenses: INTERNS AND REGIONAL RE

    total $15,488 · program services $15,488

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $442,303 · end of year $859,318

  • 2 · Savings and temporary cash investments

    beginning of year $1,696,726 · end of year $4,684,097

  • 3 · Pledges and grants receivable

    beginning of year $89,292 · end of year $27,667

  • 4 · Accounts receivable

    beginning of year $7,358 · end of year $12,550

  • 7 · Other notes and loans receivable

    beginning of year $20,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,331 · end of year $66,680

  • 10a · Land, buildings and equipment: cost or other basis

    $1,276,637

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,266,786

  • 10c · Land, buildings and equipment, net

    beginning of year $20,956 · end of year $9,851

  • 11 · Investments: publicly traded securities

    beginning of year $5,192,677 · end of year $6,333,953

  • 15 · Other assets

    beginning of year $0 · end of year $243,804

  • 17 · Accounts payable and accrued expenses

    beginning of year $171,531 · end of year $150,177

  • 19 · Deferred revenue

    beginning of year $278,200 · end of year $2,848,676

  • 27 · Net assets without donor restrictions

    beginning of year $6,929,295 · end of year $8,001,322

  • 28 · Net assets with donor restrictions

    beginning of year $181,617 · end of year $1,237,745

Mission and programs · 2024

Mission

FAMILY PROMISE'S MISSION IS TO PREVENT AND END HOMELESSNESS FOR FAMILIES WITH CHILDREN AND HELP THEM ACHIEVE SUSTAINABLE INDEPENDENCE USING A COMMUNITY-BASED RESPONSE. FAMILY PROMISE IS THE NATIONAL LEADER OF EMERGENCY SERVICES FOR FAMILIES AT RISK OF AND EXPERIENCING HOMELESSNESS AND OFFERS A COMPREHENSIVE, INDIVIDUALIZED AND TRAUMA-INFORMED APPROACH. OFFERING PREVENTION, SHELTER, STABILIZATION AND HOUSING, EACH PROGRAM ASCRIBES TO NATIONAL BEST PRACTICES YET IS CUSTOMIZED TO THE NEEDS OF THE COMMUNITY. FAMILY PROMISE WORKS TO PREVENT HOMELESSNESS AND IS OFTEN THE ONLY SHELTER SOLUTION IN COMMUNITIES THAT WILL KEEP FAMILIES IN CRISIS TOGETHER. FAMILY PROMISE'S WRAPAROUND SERVICES HELP FAMILIES QUICKLY STABILIZE AND SECURE LONG-TERM, AFFORDABLE, SAFE HOUSING. THE NATIONAL OFFICE PROVIDES TECHNICAL ASSISTANCE AND EXPERTISE TO A NETWORK OF NEARLY 200 AFFILIATES IN OVER 40 STATES, MOBILIZING THOUSANDS OF VOLUNTEERS AND SERVING APPROX. 72,000 FAMILIES INCLUDING 110,000 CHILDREN EACH YEAR.

Activities or mission (Part I)

THE MISSION OF FAMILY PROMISE IS TO PREVENT AND END HOMELESSNESS FOR FAMILIES WITH CHILDREN AND HELP THEM ACHIEVE SUSTAINABLE INDEPENDENCE THROUGH A COMMUNITY- BASED RESPONSE.

  • FAMILY PROMISE PROVIDES TECHNICAL ASSISTANCE TO OUR NETWORK OF NEARLY 200 AFFILIATES ACROSS THE COUNTRY WHICH PROVIDE PREVENTION, SHELTER, STABILIZATION, AND HOUSING SUPPORT SERVICES TO CHILDREN AND FAMILIES EXPERIENCING OR AT RISK OF HOMELESSNESS. OUR STAFF ASSISTS AFFILIATES TO ORGANIZE COMMUNITY EFFORTS, ASSISTS WITH TRAINING AND RECRUITING VOLUNTEERS, PROVIDES GUIDANCE ON OPERATIONS INCLUDING PROGRAM EXPERTISE, AND PROVIDES TECHNICAL ASSISTANCE. WE ALSO PROVIDE SIGNIFICANT PROGRAM FUNDING TO AFFILIATES THROUGH GRANTS ALLOWING THEM TO EXPAND THEIR LOCAL PROGRAMS.

    Expenses $5,297,176 · Grants $2,451,332 · Revenue $949,305

  • FAMILY PROMISE UNION COUNTY SERVES THE LOCAL UNION COUNTY, NJ, COMMUNITY THROUGH SHELTER, PREVENTION, DIVERSION, AND STABILIZATION SERVICES. FAMILY PROMISE UNION COUNTY PROVIDES SHELTER TO FAMILIES IN TEMPORARY EMERGENCY SHELTER APARTMENTS AND ENGAGES CONGREGATIONS AND VOLUNTEERS THROUGH COLLECTION AND DISTRIBUTION OF MEALS, ALONG WITH GIFT CARDS FOR FAMILIES TO PURCHASE MEALS. A DAY CENTER IN ELIZABETH, NJ, SERVES AS THE PROGRAM'S CENTRAL LOCATION WHERE FAMILIES MAY SPEND TIME AND WHERE STAFF PROVIDES CASE MANAGEMENT. THE PREVENTION, DIVERSION, AND STABILIZATION PROGRAMS AND SERVICES ADDRESS HOUSING, EMPLOYMENT, FINANCIAL CAPABILITIES, TRANSPORTATION, AND HEALTH AND WELLNESS, ALONG WITH OTHER THINGS.

    Expenses $1,294,064 · Grants $623,273

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joshua Barer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Betsy Bernard

    BOARD CHAIR (THROUGH 12/2024)

    Total calculated
    $0
    Hours/week
    1

  • Sarah Bird

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alex English

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Fleck

    TRUSTEE (AS OF 12/2024)

    Total calculated
    $0
    Hours/week
    1

  • Tim Gamory

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Leah Griffith

    TRUSTEE (AS OF 12/2024)

    Total calculated
    $0
    Hours/week
    1

  • Stephen Wallace

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Linda Henry

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Robert J Hugin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew Pierce

    TRUSTEE (THROUGH MID-2024)

    Total calculated
    $0
    Hours/week
    1

  • Stacey Slater

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John Ferrie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lori Winkler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christopher King

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Moody

    BOARD CHAIR (AS OF 12/2024)

    Total calculated
    $0
    Hours/week
    1

  • Mary Muliett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vernon Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Block

    TRUSTEE (AS OF 12/2024)

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Schuch

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $262,957
    From this org
    $247,716
    From related orgs
    $0
    Other
    $15,241
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,716
    Bonus
    $0
    Other
    $0
    Deferred
    $12,584
    Nontaxable benefits
    $2,657
    Filer's total
    $262,957

  • Sandra Miniutti

    CHIEF NETWORK OFFICER

    Total calculated
    $162,312
    From this org
    $152,288
    From related orgs
    $0
    Other
    $10,024
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,288
    Bonus
    $0
    Other
    $0
    Deferred
    $8,939
    Nontaxable benefits
    $1,085
    Filer's total
    $162,312

  • Shari Competiello

    CHIEF OPERATING OFFICER

    Total calculated
    $144,714
    From this org
    $135,769
    From related orgs
    $0
    Other
    $8,945
    Hours/week
    40

  • Michael Kerkorian

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $172,718
    From this org
    $150,902
    From related orgs
    $0
    Other
    $21,816
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,902
    Bonus
    $0
    Other
    $0
    Deferred
    $9,302
    Nontaxable benefits
    $12,514
    Filer's total
    $172,718

  • Britt Darrow

    CHIEF FINANCIAL OFFICER

    Total calculated
    $163,716
    From this org
    $144,835
    From related orgs
    $0
    Other
    $18,881
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,835
    Bonus
    $0
    Other
    $0
    Deferred
    $8,999
    Nontaxable benefits
    $9,882
    Filer's total
    $163,716

  • Melissa Biggar

    SENIOR DIRECTOR OF COMMUNICATIONS & ANNUAL FUND

    Total calculated
    $125,604
    From this org
    $103,847
    From related orgs
    $0
    Other
    $21,757
    Hours/week
    40

  • Carolyn Gordon

    SENIOR DIRECTOR OF PROGRAM DEVELOPMENT

    Total calculated
    $115,781
    From this org
    $104,273
    From related orgs
    $0
    Other
    $11,508
    Hours/week
    40

  • Amber Young

    DIRECTOR OF CORPORATE RELATIONS

    Total calculated
    $113,389
    From this org
    $101,156
    From related orgs
    $0
    Other
    $12,233
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PROPOSED CEO SALARY IS DERIVED FROM BENCHMARKING COMPARABLE NONPROFIT ORGANIZATIONS. THE TALENT AND COMPENSATION COMMITTEE REVIEW AND APPROVE THE PROPOSED COMPENSATION FOR INCLUSION IN THE BUDGET.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2025
IRS schema version
2024v5.1
Source object
202521289349302687

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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