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Promises2Kids Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 953655288 ✦ San diego, CA ✦ Designated as a 501(c)(3)

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Overview

What is Promises2Kids Foundation?

Promises2Kids Foundation, established in 1981, is a dedicated nonprofit organization that has been addressing the needs of foster children who have been displaced from their homes due to abuse or neglect. Their mission is to create a brighter future for these children, and they achieve this by providing essential support. This includes responding to their needs, offering resources, and helping them navigate through challenging situations. Promises2Kids strives to make a positive impact on the lives of these children, ensuring they have the opportunity to thrive despite their circumstances.


Official website here: www.promises2kids.org

What are the reviews and ratings of this charity?

**Charity Navigator Rating: 100% (Four-Star out of Four Stars)**

Promises2Kids Foundation has earned a high rating from Charity Navigator, reflecting its strong accountability and financial management. With a score of 100% in Accountability & Finance, the organization demonstrates robust governance practices, including a completely independent board and effective auditing processes. The foundation effectively allocates 80.22% of its expenses towards programs that support foster children in San Diego County, positioning itself as a responsible steward of resources.

The foundation is particularly noted for its leadership and adaptability, scoring a perfect 100 in this area. It has successfully adapted its programs to meet the changing needs of foster youth, especially during the pandemic. This responsiveness, along with a commitment to professional development for staff, highlights the organization’s investment in both its people and mission, which focuses on educational access and the well-being of foster children.

User reviews from GreatNonprofits are not available at this time, which limits insights into personal experiences and perceptions from those served by the organization. Nonetheless, the strong ratings from Charity Navigator suggest a well-managed nonprofit dedicated to positive outcomes for its beneficiaries.


This AI summary has been generated from information found on Charity Navigator.

Is Promises2Kids Foundation legitimate?

Promises2Kids Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promises2Kids Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $310,699
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,004,681

For more financial information, click here


Official website here: www.promises2kids.org

What is the mission statement of Promises2Kids Foundation?

The Promises2Kids Foundation, established in 1981, is a notable nonprofit organization with a mission to create a brighter future for foster children. Recognizing the needs of children who have been removed from their homes due to abuse and neglect, Promises2Kids provides essential support. Their mission encompasses advocating for these children, offering resources, and striving to improve their living conditions, ultimately aiming to foster a more promising future for each individual.


Official website here: www.promises2kids.org

Who is the CEO of Promises2Kids Foundation?

Tonya Torosian is the Immediate Past Chair of Promises2Kids Foundation. The CEO's salary of Promises2Kids Foundation is $311,436 and their total compensation is $322,778.


Official website here: www.promises2kids.org

What is the revenue of Promises2Kids Foundation?

Promises2Kids Foundation's revenue in 2023 was $9,405,403.


Official website here: www.promises2kids.org

Who are the executives of Promises2Kids Foundation and what are their salaries?

The average compensation at Promises2Kids Foundation during 2023 was $48,049. There are 69 employees at Promises2Kids Foundation.


Here are 26 key members and their salaries (Promises2Kids Foundation's CEO's salary is $311,436 and their total compensation is $322,778):


Merrilee Neal (Immediate Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Green Lake (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Waitt (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Bolinger (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danielle C Humphries (Executive Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nina Ovalle (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arianne Bettazzi (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Pernicano (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Miller (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jaye-Connolly Labelle (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Strauss (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Sedgwick (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynne Doyle (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Wills (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mia Park (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Zamora (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tiffany Rosik (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert O'Connell (Vice Chair (Former))
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Brown (Immediate Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Matich (Treasurer (Former))
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Mansukhani (Member At Large (Former))
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Corbosiero (Member At Large (Former))
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Zhang (Member At Large (Former))
  • Compensation: $0
  • Related: $0
  • Other: $0
Tonya Torosian (Ceo)
  • Compensation: $311,436
  • Related: $0
  • Other: $11,342
Stephanie Ortega (Chief Operations Officer)
  • Compensation: $194,604
  • Related: $0
  • Other: $9,866
Corey Polant (Director Of Philanthropic)
  • Compensation: $122,673
  • Related: $0
  • Other: $0


Official website here: www.promises2kids.org

Where can I find the form 990 for Promises2Kids Foundation?

Promises2Kids Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.promises2kids.org

Learn more at the official website: www.promises2kids.org

Mission Statement of Promises2Kids Foundation

Promises2Kids, a nonprofit organization established in 1981, is dedicated to creating a brighter future for foster children. Its mission is rooted in responding to the needs of children who have been removed from their homes due to abuse and neglect. The foundation aims to provide essential support to these vulnerable children, ensuring they have the care and resources they need during a challenging time in their lives. By doing so, Promises2Kids works towards fostering hope and empowerment among foster children, helping them navigate their circumstances and build a promising future.

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Impact




July, 2024

Promises2Kids Foundation is dedicated to creating a brighter future for foster children. By responding to the needs of children removed from their homes due to abuse and neglect, Promises2Kids provides vital support and resources to help these vulnerable individuals thrive. Through its efforts, Promises2Kids has a significant impact on improving the lives of foster children in the San Diego area, offering them hope, stability, and opportunities for a better future.




This information is meant to be a general summary of Promises2Kids Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$9,405,403 (2023)
Expenses
$8,020,515 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $429,953
  • Gross Receipts: $9,781,074

Assets and Liabilities:

  • Total Assets: $19,906,757
  • Total Liabilities: $400,199
  • Net Assets: $19,506,558

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Organization Details

Founding Year

1981

Principal Officer

Tonya Torosian

Main Address

9400 RUFFIN COURT SUITE A, SAN DIEGO, CA, 92123

NTEE Category

Code: I72 - Crime

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