Family Promise Of The South Bay
- Assets
- $648.5k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 43
- Location
- Torrance, CA
- Founding
- 08/2012
- Data as of
- 12/2023
- EIN
- 45-2812002
Organization Overview
Family Promise Of The South Bay is located in Torrance, CA. The organization was established in 2012. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Family Promise Of The South Bay employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Of The South Bay is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Family Promise Of The South Bay generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 35.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FAMILY PROMISE OF THE SOUTH BAY ASSISTS FAMILIES EXPERIENCING HOUSING INSECURITY WITH SHORT-TERM SHELTER, CASE MANAGEMENT, AND NAVIGATION WITH THE GOAL OF CREATING A SUSTAINABLE SOLUTION FOR THEIR FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM - WITHIN THIS PROGRAM WE ARE ABLE TO PROVIDE FOR DIFFERENT NEEDS THAT OUR FAMILY SHELTER HAS THROUGHOUT THE YEAR. THESE NEEDS INCLUDE UTILITIES AND BASIC NECESSITIES TO FURNISH THE SHELTER. WITHIN THIS PROGRAM WE ARE ALSO ABLE TO HOST FAMILY AND COMMUNITY EVENTS FOR THE CHILDREN AND FAMILIES TO BUILD COMMUNITY WITH ONE ANOTHER.
OTHER PROGRAMS WHICH INCLUDE CHILDREN SERVICES, SUMMER KIDS CAMP, PREVENTION, DIVERSION, SHELTER, STABILIZATION, WORKFORCE DEVELOPMENT AND ROTATIONAL PROGRAMS.
LONG BEACH ICMS - LONG BEACH ICMS PROGRAM IS A PROGRAM OF THE CITY OF LONG BEACH. FAMILY PROMISE OF THE SOUTH BAY (FPOSB) WAS AWARDED PARTNERSHIP IN THE PROGRAM TO ASSIST RESIDENTS AT RISK OF HOMESLESSNESS, EXPERIENCING HOMELESSNESS, FLEEING DOMESTIC VIOLENT, OR RECENTLY HOMELESS IN OBTAINING HOUSING AND SUSTAIN LONG-TERM HOUSING STABILITY. ICMS SERVICES ARE INTENDED TO PROVIDE COMPREHENSIVE SUPPORT FOR BOTH PROGRAM PARTICIPANTS AND LANDLORDS WORKING WITH THE PROGRAM.
WRIGLEY COFFEE - WRIGLEY COFFEE IS A SOCIAL ENTERPRISE WITH THE GOAL OF HELPING ADULTS THAT HAVE EXPERIENCED HOUSING INSECURITY OBTAIN TRAUMA INFORMED WORKFORCE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Eastman Executive Director | Officer | 40 | $111,138 |
Cheryan Carew Board President | OfficerTrustee | 5 | $0 |
Francisco Sanchez Board Vice President | OfficerTrustee | 2 | $0 |
Nancy Johnson Board Secretary | OfficerTrustee | 5 | $0 |
Erik Ferguson Board Treasurer | OfficerTrustee | 2 | $0 |
Bob Pethick Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $154,481 |
| Related organizations | $0 |
| Government grants | $483,942 |
| All other contributions, gifts, grants, and similar amounts not included above | $836,390 |
| Noncash contributions included in lines 1a–1f | $74,608 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,474,813 |
| Total Program Service Revenue | $1,625 |
| Investment income | $5,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$131,238 |
| Net Income from Fundraising Events | -$1,779 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $110,622 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,459,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,138 |
| Compensation of current officers, directors, key employees. | $24,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $816,650 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,157 |
| Payroll taxes | $80,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,064 |
| Advertising and promotion | $1,871 |
| Office expenses | $60,850 |
| Information technology | $1,047 |
| Royalties | $0 |
| Occupancy | $108,013 |
| Travel | $13,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,514 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,915 |
| Insurance | $12,401 |
| All other expenses | $0 |
| Total functional expenses | $1,678,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $436,730 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,296 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,209 |
| Net Land, buildings, and equipment | $68,263 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $648,498 |
| Accounts payable and accrued expenses | $44,253 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $344,253 |
| Net assets without donor restrictions | $60,510 |
| Net assets with donor restrictions | $243,735 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $648,498 |