Promises2kids Foundation

Organization Overview

Promises2kids Foundation is located in San Diego, CA. The organization was established in 1982. According to its NTEE Classification (I72) the organization is classified as: Child Abuse Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2022, Promises2kids Foundation employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promises2kids Foundation 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 06/2022, Promises2kids Foundation generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $6.6m during the year ending 06/2022. While expenses have increased by 12.1% per year over the past 7 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.

Since 2015, Promises2kids Foundation has awarded 18 individual grants totaling $1,249,708. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

CREATING A BRIGHTER FUTURE FOR FOSTER CHILDREN

Describe the Organization's Program Activity:

Part 3 - Line 4a

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, 2022. 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.COVID-19 EMERGENCY SUPPORT - AS A RESULT OF COVID-19, WE PROVIDE EMERGENCY FINANCIAL ASSISTANCE TO ENSURE OUR MOST VULNERABLE YOUTH ARE SUPPORTED. THIS INCLUDES FOOD CARDS, CASH ASSISTANCE AND OTHER SUPPORT. WE ANTICIPATE THIS SUPPORT TO REDUCE AS THE IMPACT OF THE VIRUS DIMINISHES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$201,142
Related organizations$0
Government grants $400,538
All other contributions, gifts, grants, and similar amounts not included above$8,177,320
Noncash contributions included in lines 1a–1f $465,930
Total Revenue from Contributions, Gifts, Grants & Similar$8,779,000
Total Program Service Revenue$0
Investment income $1,212
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $20,400
Net Gain/Loss on Asset Sales $453,743
Net Income from Fundraising Events $1,063,027
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,317,382

Grants Awarded

Over the last fiscal year, Promises2kids Foundation has awarded $285,278 in support to 2 organizations.

Grant RecipientAmount

RADY'S CHILDREN HOSPITAL

Org PageRecipient Profile

Rancho Santa Fe, CA

PURPOSE: ENHANCEMENT

$241,470

HEALTHY ADVENTURES FOUNDATION

Org PageRecipient Profile

Escondido, CA

PURPOSE: ENHANCEMENT

$43,808
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Promises2kids Foundation has recieved totaling $20,000.

Awarding OrganizationAmount
David W Hearst Jr Foundation

San Diego, CA

PURPOSE: GRANTS RELATED TO PURPOSE OF CHARTIABLE ORGANIZATION

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,415,274
Earnings-$585,417
Other Expense$52,718
Ending Balance$4,777,139

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