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Nonprofiteer
← PROMISES2KIDS FOUNDATION

Form 990 for tax year 2024

Filed by PROMISES2KIDS FOUNDATION.

Totals

Total revenue
$7,161,476
Total expenses
$10,084,998
Contributions and grants received
$6,223,218
Grants paid
$1,530,351
Program service revenue
$0
Investment income
$290,984
Other revenue
$647,274
Total assets, end of year
$17,257,749
Total liabilities, end of year
$555,017
Net assets or fund balances, end of year
$16,702,732
Program services expenses (Part IX)
$7,876,996
Management and general expenses
$276,955
Fundraising expenses
$1,931,047
Program service expenses (Part III)
$7,876,996

Program services were 78.1% 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

    $850,160

  • 1e · Government grants (contributions)

    $2,000

  • 1f · All other contributions, gifts and grants

    $5,371,058

  • 1g · Noncash contributions included above

    $584,646

  • 3 · Investment income

    total $111,248 · excluded $111,248

  • 7a · Gross sales of assets other than inventory

    other assets $655,000

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

    other assets $475,264

  • 7c · Gain or loss

    other assets $179,736

  • 7d · Net gain or loss

    total $179,736 · excluded $179,736

  • 8a · Fundraising events: gross income

    $962,630

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

    $850,160

  • 8b · Fundraising events: direct expenses

    $571,434

  • 8c · Net income from fundraising events

    total $391,196 · excluded $391,196

  • 11a · Other revenue: EMPLOYEE RETENTION CRE

    total $256,078 · related or exempt $256,078

  • 11e · Other revenue, total

    $256,078

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $324,875 · program services $324,875

  • 2 · Grants to domestic individuals

    total $1,205,476 · program services $1,205,476

  • 5 · Compensation of officers, directors and key employees

    total $586,233 · program services $412,750 · management and general $17,203 · fundraising $156,280

  • 7 · Other salaries and wages

    total $3,787,419 · program services $2,666,610 · management and general $111,144 · fundraising $1,009,665

  • 9 · Other employee benefits

    total $373,689 · program services $263,103 · management and general $10,966 · fundraising $99,620

  • 10 · Payroll taxes

    total $336,589 · program services $236,983 · management and general $9,877 · fundraising $89,729

  • 11f · Fees: investment management

    total $70,697 · management and general $70,697

  • 11g · Fees: other

    total $18,627 · program services $13,598 · management and general $1,304 · fundraising $3,725

  • 12 · Advertising and promotion

    total $92,286 · program services $65,457 · management and general $6,277 · fundraising $20,552

  • 17 · Travel

    total $96,314 · program services $81,248 · management and general $1,912 · fundraising $13,154

  • 22 · Depreciation, depletion and amortization

    total $115,640 · program services $84,406 · management and general $8,118 · fundraising $23,116

  • 23 · Insurance

    total $47,198 · program services $34,491 · management and general $3,249 · fundraising $9,458

  • 24a · Other expenses: OUTSIDE SERVICES

    total $803,558 · program services $590,610 · management and general $8,279 · fundraising $204,669

  • 24b · Other expenses: YOUTH ACTIVITIES

    total $408,152 · program services $408,152

  • 24c · Other expenses: YOUTH SUPPORT STIPENDS

    total $361,040 · program services $361,040

  • 24d · Other expenses: CHILDREN'S PROGRAM SERV

    total $324,875 · program services $324,875

  • 24e · All other expenses

    total $1,132,330 · program services $803,322 · management and general $27,929 · fundraising $301,079

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,053,803 · end of year $161,314

  • 2 · Savings and temporary cash investments

    beginning of year $1,394,226 · end of year $2,902,972

  • 3 · Pledges and grants receivable

    beginning of year $764,157 · end of year $334,118

  • 9 · Prepaid expenses and deferred charges

    beginning of year $325,817 · end of year $327,836

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

    $1,093,637

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

    $759,631

  • 10c · Land, buildings and equipment, net

    beginning of year $849,883 · end of year $334,006

  • 12 · Investments: other securities

    beginning of year $14,310,340 · end of year $13,197,503

  • 17 · Accounts payable and accrued expenses

    beginning of year $403,350 · end of year $413,267

  • 19 · Deferred revenue

    beginning of year $156,750 · end of year $141,750

  • 27 · Net assets without donor restrictions

    beginning of year $11,820,720 · end of year $10,800,426

  • 28 · Net assets with donor restrictions

    beginning of year $6,317,406 · end of year $5,902,306

Mission and programs · 2024

Mission

CREATING A BRIGHTER FUTURE FOR FOSTER CHILDREN.

Activities or mission (Part I)

CREATING A BRIGHTER FUTURE FOR FOSTER CHILDREN

  • THE FOLLOWING IS A BRIEF DESCRIPTION OF THE FOUNDATION'S PROGRAMS:A.B. AND JESSIE POLINSKY CHILDREN'S CENTER - PREVIOUSLY THE FOUNDATION RAISED $12 MILLION TO BUILD THE A.B.AND JESSIE POLINSKY CHILDREN'S CENTER (THE POLINSKY CENTER), SAN DIEGO COUNTY'S EMERGENCY SHELTER FOR ABUSED AND NEGLECTED CHILDREN. IN OCTOBER 1994, THE FOUNDATION DEEDED THE FACILITY TO THE COUNTY. THE POLINSKY CENTER OFFERS A FULL RANGE OF ASSESSMENT AND CARE PROGRAMS TO MORE THAN 1,000 CHILDREN EVERY YEAR. THE FOUNDATION CONTINUES TO SUPPORT THE POLINSKY CENTER BY RAISING FUNDS FOR THE URGENT AND LONG-TERM NEEDS OF THE YOUNG RESIDENTS DURING THEIR STAY. THE FOLLOWING ARE JUST A FEW EXAMPLES OF THE PROGRAMS AND PROJECTS AT THE POLINSKY CENTER SUPPORTED BY THE FOUNDATION DURING THE YEAR ENDED JUNE 30, 2025. SEE SCHEDULE O FOR ADDITIONAL DETAILS. KIDSTART YOUTH2YOUTH ADVOCATES PROGRAM PET THERAPY PROGRAM HEALTH, RECREATION, AND WELLNESS PROGRAMGUARDIAN SCHOLARS - GUARDIAN SCHOLARS IS A SCHOLARSHIP AND SUPPORT PROGRAM THAT WAS ESTABLISHED TO ASSIST CURRENT AND FORMER FOSTER YOUTH TO FURTHER THEIR EDUCATION OR PREPARE FOR A CAREER AND BECOME SUCCESSFUL, INDEPENDENT ADULTS. THE PROGRAM IS MUCH MORE THAN JUST FINANCIAL AID - IT IS AN INVESTMENT IN THE FUTURE OF EACH INDIVIDUAL RECIPIENT. GUARDIAN SCHOLARS PROVIDES MULTIFACETED SUPPORT THROUGH MENTORING, CAREER AND VOCATIONAL TRAINING, TUTORING, COLLEGE PLANNING, FINANCIAL AID, COLLEGE APPLICATION WORKSHOPS, AND CASE MANAGEMENT.CAMP CONNECT - THE FOUNDATION PROVIDES SIBLINGS IN FOSTER CARE, WHO ARE PLACED IN SEPARATE HOMES, THE OPPORTUNITY TO RECONNECT THROUGH A FOUR-DAY SUMMER CAMP, AS WELL AS RECREATIONAL AND EDUCATIONAL DAY CAMP ACTIVITIES THROUGHOUT THE YEAR. CAMP CONNECT ALLOWS BROTHERS AND SISTERS TO MAINTAIN CRITICAL RELATIONSHIPS AND GAIN SUPPORT FROM EACH OTHER DURING THIS DIFFICULT TIME. THIS PROGRAM IS A PARTNERSHIP WITH HEALTH & HUMAN SERVICES AGENCY OF SAN DIEGO COUNTY.FOSTER FUNDS - THE FOUNDATION UNDERSTANDS THAT FOSTER CHILDREN OFTEN FEEL ALONE AND ISOLATED. THEY MAY GO WITHOUT SIMPLE PLEASURES OF CHILDHOOD SUCH AS BIRTHDAY GIFTS, CAP AND GOWN FOR GRADUATION, A SPORTS UNIFORM OR A MUSICAL INSTRUMENT. WE ENSURE FOSTER CHILDREN KNOW THAT THEY TOO ARE HEARD, SPECIAL AND DESERVING. THE FOUNDATION HAS SPECIAL FUNDS SET UP TO SUPPORT THESE NEEDS NOT MET THROUGH TYPICAL FUNDING, WHICH INCLUDE SOMETHING SPECIAL FUND, BIRTHDAY CLUB, AND COMMUNITY DRIVES.

    Expenses $7,876,996 · Grants $1,530,351

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

Listed in Part VII

  • BRETT PERNICANO

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.69

  • DANIELLE C HUMPHRIES

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.27

  • JOAN WAITT

    EXECUTIVE COMMITTEE MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    0.3

  • PAUL ZAMORA

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.59

  • EMILY GREEN LAKE

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.41

  • ANDREW BOLINGER

    TREASURER

    Total calculated
    $0
    Hours/week
    0.55

  • ABDI YUSUF

    MEMBER AT-LARGE

    Total calculated
    $0
    Hours/week
    0.34

  • ARIANNE BETTAZZI

    MEMBER AT-LARGE

    Total calculated
    $0
    Hours/week
    0.3

  • CARRIE MILLER

    MEMBER AT-LARGE

    Total calculated
    $0
    Hours/week
    0.4

  • DUSTIN TENBROECK

    MEMBER AT-LARGE

    Total calculated
    $0
    Hours/week
    0.44

  • MARK WILLS

    MEMBER AT-LARGE

    Total calculated
    $0
    Hours/week
    0.32

  • MIA PARK

    MEMBER AT-LARGE

    Total calculated
    $0
    Hours/week
    0.34

  • PURVI MEHRA

    MEMBER AT-LARGE

    Total calculated
    $0
    Hours/week
    0.34

  • STEVE WALTON

    MEMBER AT-LARGE

    Total calculated
    $0
    Hours/week
    0.36

  • ELBA GOMEZ

    MEMBER AT-LARGE

    Total calculated
    $0
    Hours/week
    0.22

  • ALEXIS VILLANUEVA

    MEMBER AT-LARGE

    Total calculated
    $0
    Hours/week
    0.22

  • JAYE-CONNOLLY LABELLE

    MEMBER AT-LARGE (TERM. 12/2024)

    Total calculated
    $0
    Hours/week
    0.14

  • KAREN SEDGWICK

    MEMBER AT-LARGE (TERM. 12/2024)

    Total calculated
    $0
    Hours/week
    0.12

  • LYNNE DOYLE

    MEMBER AT-LARGE (TERM. 2/2025)

    Total calculated
    $0
    Hours/week
    0.12

  • TONYA TOROSIAN

    CEO

    Total calculated
    $364,865
    From this org
    $338,512
    From related orgs
    $0
    Other
    $26,353
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $338,512
    Bonus
    $0
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $12,553
    Filer's total
    $364,865

  • STEPHANIE ORTEGA

    CHIEF OPERATIONS OFFICER

    Total calculated
    $245,806
    From this org
    $226,160
    From related orgs
    $0
    Other
    $19,646
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,160
    Bonus
    $0
    Other
    $0
    Deferred
    $9,046
    Nontaxable benefits
    $10,600
    Filer's total
    $245,806

  • JAMES SISON

    PHILANTHROPY OFFICER

    Total calculated
    $133,145
    From this org
    $120,000
    From related orgs
    $0
    Other
    $13,145
    Hours/week
    40

  • MELISSA NICHOLS

    CONTROLLER

    Total calculated
    $126,118
    From this org
    $116,327
    From related orgs
    $0
    Other
    $9,791
    Hours/week
    40

  • AMANDA BAUMANN

    TITLE

    Total calculated
    $129,990
    From this org
    $118,515
    From related orgs
    $0
    Other
    $11,475
    Hours/week
    40

  • LAUREN HUGHEY

    TITLE

    Total calculated
    $148,444
    From this org
    $137,556
    From related orgs
    $0
    Other
    $10,888
    Hours/week
    40

  • LISA CASHMAN

    TITLE

    Total calculated
    $137,033
    From this org
    $121,108
    From related orgs
    $0
    Other
    $15,925
    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 · 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

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

Provenance

Return type
form_990
Tax year
2024
Filed
26 January 2026
IRS schema version
2024v5.5
Source object
202610279349301321

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