The Promises Foundation
- Assets
- $2.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Los Angeles, CA
- Founding
- 11/1999
- Data as of
- 01/2022
- EIN
- 95-4742110
Organization Overview
The Promises Foundation is located in Los Angeles, CA. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 01/2022, Promises Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promises 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 01/2022, Promises Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $560.1k during the year ending 01/2022. While expenses have increased by 4.0% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PROMISES FOUNDATION IS TO KEEP FAMILIES TOGETHER BY EMPOWERING THEM WITH LIFE SKILLS NEEDED FOR A DRUG AND ALCOHOL ABUSE-FREE FUTURE. PROMISES FULFILLS ITS MISSION BY PROVIDING THE WOMEN AND CHILDREN AT MIRIAM'S HOUSE WITH A SOBER, SAFE AND NURTURING ENVIRONMENT, PROVIDING RESOURCES FOR PARENTING AND LIFE SKILLS TO FACILITATE LONG-TERM SOBRIETY AND A SUCESSFUL FUTURE FOR THEM AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SERVED 23 WOMEN AND 15 CHILDREN. MIRIAM'S HOUSE PROVIDED AROUND THE CLOCK CARE AND SUPPORT FOR OUR FAMILIES INCLUDING: HOUSING,NUTRITION, SOCIAL SERVICES, WEEKLY GOAL ASSESSMENTS AND PARENTING SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Moeller Chairman | OfficerTrustee | 40 | $0 |
Dave Barge Secretary | Trustee | 40 | $0 |
Robert Burke Treasurer | Trustee | 40 | $0 |
Patricia Meyers Director | Trustee | 40 | $0 |
Marta Harmon Director | Trustee | 80 | $0 |
Nikki Young Lebow Director | Trustee | 40 | $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 | $1,490,644 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,490,644 |
| Total Program Service Revenue | $77,242 |
| Investment income | $0 |
| 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 | $1,567,886 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,830 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,923 |
| Payroll taxes | $19,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,420 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,826 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,965 |
| Insurance | $12,345 |
| All other expenses | $65,098 |
| Total functional expenses | $560,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $295,494 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,441,637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,683 |
| Total assets | $2,740,814 |
| Accounts payable and accrued expenses | $23,136 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,594,148 |
| Total liabilities | $1,617,284 |
| Net assets without donor restrictions | $0 |
| 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 | $1,123,530 |
| Total liabilities and net assets/fund balances | $2,740,814 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Promises Foundation has recieved totaling $106,566.
| Awarding Organization | Amount |
|---|---|
Pledgeling Foundation Venice, CA PURPOSE: GENERAL | $33,612 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $22,262 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Elizabeth A Lynn Foundation Lakeside, MT PURPOSE: EDUCATIONAL PROGRAMS | $15,600 |
Jess & Palma Morgan Foundation Los Angeles, CA PURPOSE: GENERAL | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $92 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |