The Promises Foundation
- Assets
- $2.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Los Angeles, CA
- Founding
- 11/1999
- Data as of
- 01/2023
- 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 01/2023, Promises Foundation employed 9 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 01/2023, Promises Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $863.2k during the year ending 01/2023. While expenses have increased by 10.3% per year over the past 6 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
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 HAD THE HIGHEST RATE OF GRADUATING RESIDENTS SINCE THE BEGINNING OF THE PANDEMIC, WE HAD OUR MOST SUCCESSFUL POLO IN THE PALISADES FUNDRAISER IN OVER TEN YEARS, AND WE BEGAN THE REMODEL OF OUR BELOVED HOME. IN THE PAST YEAR, WE HAVE SERVED 19 FAMILIES, CONSISTING OF 19 MOTHERS AND 21 CHILDREN. WE ARE PROUD TO PRESENT OUR ANNUAL REPORT, WHICH HIGHLIGHTS OUR ACCOMPLISHMENTS AND CHALLENGES IN THE PAST YEAR. MIRIAM'S HOUSE PROVIDED A WIDE RANGE OF PROGRAMS AND SERVICES TO SUPPORT THE WOMEN AND CHILDREN RESIDING IN OUR PROGRAM WITH MANY SPECIAL MOMENTS THROUGHOUT THE YEAR. PLEASE ENJOY THIS REPORT HIGHLIGHTING OUR FAVOURITES SAFE AND AFFORDABLE HOUSING: OUR RESIDENTS HAVE ACCESS TO A SAFE AND SECURE ENVIRONMENT WHERE THEY CAN REBUILD THEIR LIVES FREE FROM DRUGS, ALCOHOL, AND DOMESTIC VIOLENCE. LIFE SKILLS TRAINING: WE PROVIDE CLASSES AND WORKSHOPS ON FINANCIAL MANAGEMENT, JOB SKILLS, PARENTING, HEALTH, AND WELLNESS. CASE MANAGEMENT: EACH RESIDENT IS ASSIGNED A CASE MANAGER WHO PROVIDES INDIVIDUALIZED SUPPORT AND GUIDANCE TO HELP THEM ACHIEVE THEIR GOALS. CHILDCARE: WE PROVIDE QUALITY CHILDCARE SERVICES FOR THE CHILDREN OF OUR RESIDENTS, SO THEY CAN FOCUS ON THEIR RECOVERY AND REBUILD THEIR LIVES. COUNSELLING AND SUPPORT: WE OFFER INDIVIDUAL AND GROUP COUNSELLING SERVICES TO OUR RESIDENTS AND THEIR FAMILIES TO HELP THEM HEAL FROM PAST TRAUMAS AND OVERCOME ADDICTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Moeller Chairman | OfficerTrustee | 40 | $0 |
Dave Barge Board Secret | Trustee | 40 | $0 |
Robert Burke Board Treasu | Trustee | 40 | $0 |
Patricia Meyers Director | Trustee | 40 | $0 |
Marta Harmon Director | Trustee | 40 | $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 | $1,038,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,038,820 |
| Total Program Service Revenue | $14,303 |
| 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 | $1,094,008 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $300 |
| 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 | $328,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,554 |
| Payroll taxes | $26,308 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $975 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,448 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,181 |
| Insurance | $12,243 |
| All other expenses | $75,424 |
| Total functional expenses | $863,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $412,139 |
| 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 | $2,426,456 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,565 |
| Total assets | $2,873,160 |
| Accounts payable and accrued expenses | $13,658 |
| 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 | $1,505,205 |
| Total liabilities | $1,518,863 |
| 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 | $1,354,297 |
| Total liabilities and net assets/fund balances | $2,873,160 |