At Promise Inc
Nonprofit profile at a glance
- EIN
- 994028764
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025
- Location
- Fountain Valley, CA, USA
- Phone
- 7148619390
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $128,843
- Expenses
- $115,820
- Assets
- $38,067
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Miguel Abascal Jr (CEO & Director)
People named in this filing
- Miguel Abascal Jr (CEO & Director)
- Dr Roger Frazier (Director)
- Michael Austin (VP and Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization provides college and career readiness services, mentoring, and educational support to underserved students to promote successful transition to postsecondary education and employment. Services include individualized coaching, workshops, academic guidance, exposure to career pathways, and assistance with college applications, financial aid, scholarship processes, and evaluation of financial aid award packages to support informed enrollment decisions. The organization primarily serves students facing significant socioeconomic barriers, including foster youth, homeless students (McKinney-Vento), students with disabilities, and low-income families. Programs are delivered through partnerships with schools, community organizations, public agencies, and referrals, as well as through one-on-one support. These activities advance the organizations mission of improving educational equity, reducing poverty, promoting economic mobility, and supporting long-term self-sufficiency for
What it reported doing in 2025
Educational resources to underserved students to prepare them for the college and career application process.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 100
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.9%; rating input score 90
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 10.1%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 77.7%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 118.5% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 80.8% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 41.3% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 89.9% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $116K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Review — Sustainability: Operating margin scored 55/100.
- High — Sustainability: Officer compensation ratio scored 1/100.