Promises2kids Foundation

What it reported doing in 2024

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, 2025. 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.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 78.1%; rating input score 78
• Fundraising efficiency: $3.22 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -40.8%; rating input score 3; 3rd percentile among comparable filings
• Total-asset coverage ratio: 1.71; rating input score 56; 56th percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 76; 76th percentile among comparable filings
• Officer compensation ratio: 12.7%; rating input score 23; 23rd percentile among comparable filings

Growth

• Program expense growth: 11% per year; rating input score 100; 67th percentile among comparable filings
• Revenue growth: 8.9% per year; rating input score 100; 64th percentile among comparable filings
• Asset growth: 11% per year; rating input score 100; 62nd percentile among comparable filings