Promises2kids Foundation

Tax-deductible

San Diego, CA501(c)(3)Since 1981EIN 95-3655288Revenue $7.2M in FY2025

On file with the IRSpromises2kids.org3255 Camino Del Rio S, 92108-3806 · San Diego, CATax-exempt since Feb 1982Publicly supported charity — 170(b)(1)(A)(vi)

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Creating a brighter future for foster children

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 194 volunteers and 51 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $431K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $50K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$555K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.2M
+2% vs prior year
Spent
$10.1M
To programs
78%
Net assets
$16.7M
By yearFY2021–FY2025
Revenue
$7.2M
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$8.1M
FY2022$10.3M
FY2023$9.4M
FY2024$7.0M
FY2025$7.2M
Expenses
$10.1M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$5.6M
FY2022$6.6M
FY2023$8.0M
FY2024$9.6M
FY2025$10.1M
Net assets
$16.7M
FY2025▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2021$15.5M
FY2022$17.4M
FY2023$19.5M
FY2024$18.1M
FY2025$16.7M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $7.9M Management & general 3% · $277K Fundraising 19% · $1.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$338,512Pt VII · Sec A
Chief Operations Officer
$226,160Pt VII · Sec A
$137,556Pt VII · Sec A
$121,108Pt VII · Sec A
Philanthropy Officer
$120,000Pt VII · Sec A
$118,515Pt VII · Sec A
Controller
$116,327Pt VII · Sec A
Member At-Large
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Tonya Torosian$338,512$323,568$311,436$286,905$277,578
Stephanie Ortega$226,160$205,564$194,604$160,698$146,521
Lauren Hughey$137,556————
Corey Polant——$122,673——
Lisa Cashman$121,108————
Emily Hassig———$120,197—
Elizabeth Ramirez———$120,125—
James Sison$120,000————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Promises2kids Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps foster children build brighter futures through support and resources.

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Provided by the organization

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1 program · $7.9M · in their own filed words · FY2024
01

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.

$7.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$50K
Grants paid · 31 grants · $6.4M · 2020–2024
Unitemized GrantFY2024$726,822
Unitemized GrantFY2024$267,225
Rady's Children HospitalCA · FY2024$209,356
Healthy Adventures FoundationCA · FY2024$115,519
Unitemized GrantFY2024$113,217
Unitemized GrantFY2024$97,475
Unitemized GrantFY2024$737
Unitemized GrantFY2023$718,587
Rady's Children HospitalCA · FY2023$214,356
Unitemized GrantFY2023$186,229
Unitemized GrantFY2023$95,295
Unitemized GrantFY2023$3,268
Unitemized GrantFY2022$683,795
Rady's Children HospitalCA · FY2022$194,668
Unitemized GrantFY2022$160,240
Healthy Adventures FoundationCA · FY2022$111,666
Unitemized GrantFY2022$82,217
See all 31 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$7.2M
Ln 12
Gifts and grantsLn 1h$6.2M
Other incomeLn 4–11$647K
Investment incomeLn 3$291K
Money outPt IX
$10.1M
Ln 25
Programscol B$7.9M
Managementcol C$277K
Fundraisingcol D$1.9M
Owns and owesPt X
$16.7M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$17.3M
LiabilitiesLn 26$555K
PeoplePt VI, VII
26
listed · VII A
PaidVII A7
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.2M
Government grantsLn 1e$2K
Noncash giftsLn 1g$585K
Fundraising eventsLn 1c$850K
Investment incomeLn 3$291K
Other incomeLn 4–11$647K
Gains on assetsLn 7$180K
Total revenueLn 12$7.2M
Assets in detailPt X, end of year
CashLn 1$161K
SavingsLn 2$2.9M
Cash and savings togetherLn 1–2$3.1M
InvestmentsLn 11–13$13.2M
Land, buildings, equipmentLn 10c$334K
Total assetsLn 16$17.3M
LiabilitiesLn 26$555K
Net assetsLn 32$16.7M
OperationsPt I, VI
EmployeesI 551
VolunteersI 6194
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.4M$3.1M
InvestmentsLn 11–13$14.3M$13.2M
Land, buildings, equipmentLn 10c$850K$334K
Total assetsLn 16$18.7M$17.3M
LiabilitiesLn 26$560K$555K
Net assetsLn 32$18.1M$16.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$325K$325K
Grants to domestic individualsLn 2$1.2M$1.2M
Pay of current officers, directors and key staffLn 5$586K$413K$17K$156K
Other salaries and wagesLn 7$3.8M$2.7M$111K$1.0M
Other employee benefitsLn 9$374K$263K$11K$100K
Payroll taxesLn 10$337K$237K$10K$90K
Investment management feesLn 11f$71K$71K
Other fees for servicesLn 11g$19K$14K$1K$4K
Advertising and promotionLn 12$92K$65K$6K$21K
TravelLn 17$96K$81K$2K$13K
Depreciation, depletion and amortizationLn 22$116K$84K$8K$23K
InsuranceLn 23$47K$34K$3K$9K
Other expenses (24a–d)Ln 24$1.9M$1.7M$8K$205K
All other expensesLn 24e$1.1M$803K$28K$301K
Total functional expensesLn 25$10.1M$7.9M$277K$1.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $7.2M$10.1M−$2.9M$16.7M 990 PDF
FY2024 $7.0M$9.6M−$2.6M$18.1M 990 PDF
FY2023 $9.4M$8.0M$1.4M$19.5M 990 PDF
FY2022 $10.3M$6.6M$3.7M$17.4M 990 PDF
FY2021 $8.1M$5.6M$2.5M$15.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $7,161,476 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,019,556$6,223,218
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $514,268$290,984
I-11 Other revenuePrior year $474,113$647,274
I-12 Total revenuePrior year $7,007,937$7,161,476
I-13 Grants and similar amounts paidPrior year $1,317,446$1,530,351
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,381,258$5,083,930
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,865,872$3,470,717
I-18 Total expensesPrior year $9,564,576$10,084,998
I-19 Revenue less expensesPrior year −$2,556,639−$2,923,522
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,161,476 across 10 lines filed
VIII-1c Fundraising events$850,160
VIII-1e Government grants$2,000
VIII-1f All other contributions, gifts and grants$5,371,058
VIII-1g Noncash contributions (included above)$584,646
VIII-1h Total contributions, gifts and grants$6,223,218
VIII-3 Investment incomeExcluded from tax $111,248$111,248
VIII-7 Net gain or loss on sales of assetsExcluded from tax $179,736$179,736
VIII-8 Net income from fundraising eventsExcluded from tax $391,196$391,196
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $256,078$256,078
VIII-12 Total revenueRelated to mission $256,078 · Unrelated business $0 · Excluded from tax $682,180$7,161,476
Part IX · Statement of functional expenses $10,084,998 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $324,875$324,875
IX-2 Grants to domestic individualsPrograms $1,205,476$1,205,476
IX-5 Pay of current officers, directors and key staffPrograms $412,750 · Management $17,203 · Fundraising $156,280$586,233
IX-7 Other salaries and wagesPrograms $2,666,610 · Management $111,144 · Fundraising $1,009,665$3,787,419
IX-9 Other employee benefitsPrograms $263,103 · Management $10,966 · Fundraising $99,620$373,689
IX-10 Payroll taxesPrograms $236,983 · Management $9,877 · Fundraising $89,729$336,589
IX-11f Investment management feesManagement $70,697$70,697
IX-11g Other fees for servicesPrograms $13,598 · Management $1,304 · Fundraising $3,725$18,627
IX-12 Advertising and promotionPrograms $65,457 · Management $6,277 · Fundraising $20,552$92,286
IX-17 TravelPrograms $81,248 · Management $1,912 · Fundraising $13,154$96,314
IX-22 Depreciation, depletion and amortizationPrograms $84,406 · Management $8,118 · Fundraising $23,116$115,640
IX-23 InsurancePrograms $34,491 · Management $3,249 · Fundraising $9,458$47,198
IX-24 Other expenses (24a–d)Programs $1,684,677 · Management $8,279 · Fundraising $204,669$1,897,625
IX-24e All other expensesPrograms $803,322 · Management $27,929 · Fundraising $301,079$1,132,330
IX-25 Total functional expensesPrograms $7,876,996 · Management $276,955 · Fundraising $1,931,047$10,084,998
Part X · Balance sheet $17,257,749 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,053,803$161,314
X-2 Savings and temporary cash investmentsStart of year $1,394,226$2,902,972
X-3 Pledges and grants receivableStart of year $764,157$334,118
X-9 Prepaid expenses and deferred chargesStart of year $325,817$327,836
X-10c Land, buildings and equipment, netStart of year $849,883$334,006
X-12 Other securitiesStart of year $14,310,340$13,197,503
X-16 Total assetsStart of year $18,698,226$17,257,749
X-17 Accounts payable and accrued expensesStart of year $403,350$413,267
X-19 Deferred revenueStart of year $156,750$141,750
X-26 Total liabilitiesStart of year $560,100$555,017
X-27 Net assets without donor restrictionsStart of year $11,820,720$10,800,426
X-28 Net assets with donor restrictionsStart of year $6,317,406$5,902,306
X-32 Total net assets or fund balancesStart of year $18,138,126$16,702,732
X-33 Total liabilities and net assetsStart of year $18,698,226$17,257,749
Part XI · Reconciliation of net assets $16,702,732 net assets at year end
XI-1 Total revenue$7,161,476
XI-2 Total expenses$10,084,998
XI-3 Revenue less expenses−$2,923,522
XI-4 Net assets at start of year$18,138,126
XI-5 Net unrealized gains (losses) on investments$1,488,128
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,702,732

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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