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Promising Futures Inc

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

EIN: 954000408 ✦ El cajon, CA ✦ Designated as a 501(c)(3)

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Overview

What is Promising Futures Inc?

Promising Futures Inc, situated in El Cajon, California, is a nonprofit organization dedicated to supporting individuals with developmental disabilities. Their primary focus is on providing housing and residential services, aiming to enhance their daily lives and overall well-being. With a team of 56 dedicated professionals, Promising Futures Inc is committed to making a significant impact in their community. The organization's mission extends beyond just housing, ensuring that the individuals they serve receive the necessary care and assistance to lead fulfilling lives.


Official website here: www.promisingfutures.net

Is Promising Futures Inc legitimate?

Promising Futures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promising Futures Inc 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: $137,144
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,706,216

For more financial information, click here


Official website here: www.promisingfutures.net

What is the mission statement of Promising Futures Inc?

Promising Futures Inc is dedicated to serving the developmentally disabled community. Their primary mission is to provide housing and residential services, aiming to enhance the quality of life for these individuals. The organization's activities are centered around offering suitable living environments and support services, thereby empowering the developmentally disabled to lead dignified, independent lives. They strive to create inclusive communities where everyone can thrive, regardless of their abilities. Additionally, Promising Futures Inc may engage in advocacy efforts and collaborations with other organizations to improve the overall well-being and opportunities for the developmentally disabled.


Official website here: www.promisingfutures.net

Who is the CEO of Promising Futures Inc?

Gina Parra is the CEO of Promising Futures Inc The CEO's salary of Promising Futures Inc is $128,777 and their total compensation is $134,228.


Official website here: www.promisingfutures.net

What is the revenue of Promising Futures Inc?

Promising Futures Inc's revenue in 2023 was $3,983,512.


Official website here: www.promisingfutures.net

Who are the executives of Promising Futures Inc and what are their salaries?

The average compensation at Promising Futures Inc during 2023 was $34,136. There are 54 employees at Promising Futures Inc.

Here are 12 key members and their salaries (Promising Futures Inc's CEO's salary is $128,777 and their total compensation is $134,228):


Eric King (Program Instructor)
  • Compensation: $199,948
  • Related: $0
  • Other: $14,481
Gina Parra (Ceo)
  • Compensation: $128,777
  • Related: $0
  • Other: $5,451
Martha Morrissey (Cfo)
  • Compensation: $8,367
  • Related: $0
  • Other: $5,733
Martha Morrissey (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Craig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenny Valencia (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Butcher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine O'Coyne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Armstrong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Sossong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Todd Lester (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gina Parra (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.promisingfutures.net

Where can I find the form 990 for Promising Futures Inc?

Promising Futures Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.promisingfutures.net

Learn more at the official website: www.promisingfutures.net

Mission Statement of Promising Futures Inc

Promising Futures Inc, a nonprofit organization, is dedicated to providing housing and residential services for individuals with developmental disabilities. Their mission is to create an inclusive environment where these individuals can thrive and lead fulfilling lives. By offering housing and residential services, Promising Futures Inc aims to empower these individuals, enabling them to live independently or with necessary support, based on their unique needs. The organization's focus is on ensuring that those with developmental disabilities have access to safe, comfortable, and supportive living spaces, which are essential for their overall well-being and personal growth.

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Impact




October, 2024

Promising Futures Inc significantly impacts the community by providing essential housing and residential services for individuals with developmental disabilities. Located in El Cajon, California, the organization addresses a critical need for safe and supportive living environments, ensuring that those with developmental challenges have access to the resources necessary for a fulfilling life. Through tailored residential support, Promising Futures fosters independence and enhances the quality of life for its residents. The commitment to human services promotes inclusivity and empowers individuals, making a positive difference in their lives and the broader community.




This information is meant to be a general summary of Promising Futures Inc. 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
$3,983,512 (2023)
Expenses
$3,192,422 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $4,355
  • Program Service Revenue: $3,233,410
  • Gross Receipts: $3,983,512

Assets and Liabilities:

  • Total Assets: $2,944,669
  • Total Liabilities: $1,857,621
  • Net Assets: $1,087,048

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM REVENUES

Revenue

$3,233,410

Organization Details

Founding Year

1995

Principal Officer

Gina Parra

NTEE Category

Code: P700 - Human services

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