Promising Futures Inc
- Assets
- $2.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 54
- Location
- El Cajon, CA
- Founding
- 04/1986
- Data as of
- 12/2021
- EIN
- 95-4000408
Organization Overview
Promising Futures Inc is located in El Cajon, CA. The organization was established in 1986. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2021, Promising Futures Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promising Futures Inc 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 12/2021, Promising Futures Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 1.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING AND RESIDENTIAL SERVICES FOR THE DEVELOPMENTALLY DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING AND RESIDENTIAL SERVICES FOR THE DEVELOPMENTALLY DISABLED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric King Program Instructor | 40 | $134,440 | |
Michelle Hobdy Behav. Specialist | 40 | $117,620 | |
Martha Morrissey President | OfficerTrustee | 1 | $0 |
Uginea Turner CEO | Officer | 40 | $24,186 |
Elaine O'coyne Secretary | OfficerTrustee | 1 | $0 |
James Todd Lester Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,036 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,036 |
| Total Program Service Revenue | $2,712,626 |
| Investment income | $1,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,807,990 |
| 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. | $97,912 |
| Compensation of current officers, directors, key employees. | $97,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,515,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $150,334 |
| Payroll taxes | $100,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147 |
| Fees for services: Accounting | $13,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,132 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,449 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,459 |
| Insurance | $34,268 |
| All other expenses | $27,297 |
| Total functional expenses | $2,695,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,399 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $333,805 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,156,740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,621 |
| Other assets | $3,823 |
| Total assets | $2,927,388 |
| Accounts payable and accrued expenses | $504,217 |
| 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 | $1,279,273 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,247 |
| Total liabilities | $1,795,737 |
| Net assets without donor restrictions | $1,131,651 |
| Net assets with donor restrictions | $0 |
| 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 | $2,927,388 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Promising Futures Inc has recieved totaling $153.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $153 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Counseling Research & Associates Inc Gardena, CA | $3,260,285 | $19,660,484 |
The Village Family Services Inc North Hollywood, CA | $7,166,025 | $19,058,945 |
Community Access Services Ii Inc Beaverton, OR | $5,671,988 | $17,110,675 |
Sierra Vista Child & Family Services Modesto, CA | $6,718,060 | $17,221,429 |
Star View Children And Family Services Inc Long Beach, CA | $12,283,820 | $17,902,778 |
Ori Anuenue Hale Inc Wahiawa, HI | $21,651,305 | $12,406,463 |
Eggleston Youth Centers Inc Irwindale, CA | $7,341,173 | $14,410,118 |
A Better Way Inc Berkeley, CA | $6,054,265 | $13,305,608 |
Maryvale Rosemead, CA | $45,638,495 | $16,300,784 |
Alvord-Taylor Inc Springfield, OR | $6,113,057 | $12,320,840 |
Casa De Amparo San Marcos, CA | $23,249,439 | $13,263,041 |
Claremont House Inc San Ramon, CA | $10,196,507 | $9,784,957 |