Promising Futures Inc

El Cajon, CA
Tax-exempt since April 1986
EIN: 95-4000408

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Human Services — Multipurpose and Other / Residential, Custodial Care (NTEE)

Donations to this organization are tax deductible.

Revenue

$3.98M (2023)

Expenses

$3.19M (2023)

Total Assets

$3.58M (2023)

Total Liabilities

$1.74M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$3,983,512

Expenses

$3,192,422

Net Income

$791,090

Net Assets

$1,836,214

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25,740	0.6%
Program Services	$3,233,410	81.2%
Investment Income	$4,355	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$720,007	18.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$137,144	4.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,706,216	53.4%

Assets/Debt
Total Assets	$3,575,996
Total Liabilities	$1,739,782
Net Assets	$1,836,214

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric King (Program Instructor)	$199,948	$0	$14,481
Gina Parra (Ceo)	$128,777	$0	$5,451
Martha Morrissey (Cfo)	$8,367	$0	$5,733
Martha Morrissey (President)	$0	$0	$0
Nathan Craig (Director)	$0	$0	$0
Jenny Valencia (Secretary)	$0	$0	$0
Michael Butcher (Director)	$0	$0	$0
Elaine O'coyne (Director)	$0	$0	$0
Lynn Armstrong (Director)	$0	$0	$0
Heather Sossong (Director)	$0	$0	$0
James Todd Lester (Director)	$0	$0	$0
Gina Parra (Vice President)	$0	$0	$0

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990

Filed on Nov. 6, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$2,926,136

Expenses

$2,970,739

Net Income

-$44,603

Net Assets

$1,087,048

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$26,776	0.9%
Program Services	$2,875,825	98.3%
Investment Income	$976	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$22,559	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$190,028	6.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,545,296	52.0%

Assets/Debt
Total Assets	$2,944,669
Total Liabilities	$1,857,621
Net Assets	$1,087,048

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric King (Program Instructor)	$158,274	$0	$10,463
Gina Parra (Ceo)	$119,972	$0	$5,351
Martha Morrissey (Cfo)	$56,525	$0	$8,180
Martha Morrissey (President)	$0	$0	$0
Nathan Craig (Director)	$0	$0	$0
Jenny Valencia (Secretary)	$0	$0	$0
Michael Butcher (Director)	$0	$0	$0
Elaine O'coyne (Director)	$0	$0	$0
Lynn Armstrong (Director)	$0	$0	$0
Heather Sossong (Director)	$0	$0	$0
James Todd Lester (Director)	$0	$0	$0
Gina Parra (Vice President)	$0	$0	$0

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990

Filed on Oct. 14, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$2,807,990

Expenses

$2,695,364

Net Income

$112,626

Net Assets

$1,131,651

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$27,036	1.0%
Program Services	$2,712,626	96.6%
Investment Income	$1,053	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$67,275	2.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$97,912	3.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,515,118	56.2%

Assets/Debt
Total Assets	$2,927,388
Total Liabilities	$1,795,737
Net Assets	$1,131,651

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric King (Program Instructor)	$134,440	$0	$0
Michelle Hobdy (Behav. Specialist)	$117,620	$0	$0
Martha Morrissey (Cfo)	$73,726	$0	$0
Uginea Turner (Ceo)	$24,186	$0	$0
Martha Morrissey (President)	$0	$0	$0
Nathan Craig (Director)	$0	$0	$0
Wendy Dumlao (Director)	$0	$0	$0
Michael Butcher (Director)	$0	$0	$0
Elaine O'coyne (Secretary)	$0	$0	$0
Cheryl Armstrong (Director)	$0	$0	$0
Heather Sossong (Director)	$0	$0	$0
James Todd Lester (Vice President)	$0	$0	$0

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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$2,993,830

Expenses

$2,552,482

Net Income

$441,348

Net Assets

$1,019,025

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$321,237	10.7%
Program Services	$2,635,448	88.0%
Investment Income	$959	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$36,186	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$73,212	2.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,446,492	56.7%

Assets/Debt
Total Assets	$2,841,756
Total Liabilities	$1,822,731
Net Assets	$1,019,025

Compensation

Key Employees and Officers	Compensation	Related	Other
Martha Morrissey (Executive Dir.)	$73,212	$0	$0
Martha Morrissey (President)	$0	$0	$0
Nathan Craig (Director)	$0	$0	$0
Wendy Dumlao (Director)	$0	$0	$0
Michael Butcher (Director)	$0	$0	$0
Elaine Webster (Director)	$0	$0	$0
Cheryl Armstrong (Secretary)	$0	$0	$0
Kirk Gentry (Director)	$0	$0	$0
Heather Sossong (Director)	$0	$0	$0
James Todd Lester (Vice President)	$0	$0	$0

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990

Filed on Oct. 15, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$2,677,232

Expenses

$2,722,642

Net Income

-$45,410

Net Assets

$577,677

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$22,106	0.8%
Program Services	$2,634,873	98.4%
Investment Income	$850	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$19,403	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$82,899	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,530,372	56.2%

Assets/Debt
Total Assets	$2,559,436
Total Liabilities	$1,981,759
Net Assets	$577,677

Compensation

Key Employees and Officers	Compensation	Related	Other
Martha Morrissey (Executive Dir.)	$82,899	$0	$0
Martha Morrissey (President)	$0	$0	$0
Nathan Craig (Director)	$0	$0	$0
Wendy Dumlao (Director)	$0	$0	$0
Michael Butcher (Director)	$0	$0	$0
Elaine Webster (Director)	$0	$0	$0
Cheryl Armstrong (Secretary)	$0	$0	$0
Kirk Gentry (Director)	$0	$0	$0
Heather Sossong (Director)	$0	$0	$0
James Todd Lester (Vice President)	$0	$0	$0

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990

Filed on Nov. 6, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$2,613,189

Expenses

$2,662,844

Net Income

-$49,655

Net Assets

$623,087

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$29,311	1.1%
Program Services	$2,572,098	98.4%
Investment Income	$871	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$10,909	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$74,372	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,437,789	54.0%

Assets/Debt
Total Assets	$2,619,275
Total Liabilities	$1,996,188
Net Assets	$623,087

Compensation

Key Employees and Officers	Compensation	Related	Other
Martha Morrissey (Executive Dir.)	$74,372	$0	$0
Martha Morrissey (President)	$0	$0	$0
Nathan Craig (Director)	$0	$0	$0
Michael Butcher (Director)	$0	$0	$0
Elaine Webster (Secretary)	$0	$0	$0
Cheryl Armstrong (Director)	$0	$0	$0
Kirk Gentry (Director)	$0	$0	$0
James Todd Lester (Vice President)	$0	$0	$0

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990

Filed on Sept. 16, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$2,517,734

Expenses

$2,470,788

Net Income

$46,946

Net Assets

$672,742

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$16,131	0.6%
Program Services	$2,453,224	97.4%
Investment Income	$927	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$47,452	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$74,294	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,350,086	54.6%

Assets/Debt
Total Assets	$2,736,226
Total Liabilities	$2,063,484
Net Assets	$672,742

Compensation

Key Employees and Officers	Compensation	Related	Other
Martha Morrissey (Executive Dir.)	$74,294	$0	$0
Martha Morrissey (President)	$0	$0	$0
Rochelle Calvert (Director)	$0	$0	$0
Alisha Chapin (Director)	$0	$0	$0
Michael Butcher (Director)	$0	$0	$0
Elaine Webster (Director)	$0	$0	$0
Cheryl Armstrong (Director)	$0	$0	$0
Kirk Gentry (Director)	$0	$0	$0
Olivia Craig (Secretary)	$0	$0	$0
James Todd Lester (Vice President)	$0	$0	$0

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990

Filed on Aug. 21, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$2,502,726

Expenses

$2,437,961

Net Income

$64,765

Net Assets

$625,796

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$23,428	0.9%
Program Services	$2,470,528	98.7%
Investment Income	$531	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$8,239	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$74,471	3.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,262,369	51.8%

Assets/Debt
Total Assets	$2,839,589
Total Liabilities	$2,213,793
Net Assets	$625,796

Compensation

Key Employees and Officers	Compensation	Related	Other
Martha Morrissey (Executive Dir.)	$74,471	$0	$0
Martha Morrissey (President)	$0	$0	$0
Rochelle Calvert (Director)	$0	$0	$0
Alisha Chapin (Director)	$0	$0	$0
Michael Butcher (Director)	$0	$0	$0
Elaine Webster (Director)	$0	$0	$0
Cheryl Armstrong (Director)	$0	$0	$0
Kirk Gentry (Director)	$0	$0	$0
Olivia Craig (Secretary)	$0	$0	$0
James Todd Lester (Vice President)	$0	$0	$0

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990

Filed on Aug. 3, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$2,401,729

Expenses

$2,435,209

Net Income

-$33,480

Net Assets

$561,031

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$15,806	0.7%
Program Services	$2,365,254	98.5%
Investment Income	$602	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$20,067	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$81,346	3.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,236,714	50.8%

Assets/Debt
Total Assets	$2,841,762
Total Liabilities	$2,280,731
Net Assets	$561,031

Compensation

Key Employees and Officers	Compensation	Related	Other
Martha Morrissey (Executive Dir.)	$81,346	$0	$0
Martha Morrissey (President)	$0	$0	$0
Rochelle Calvert (Director)	$0	$0	$0
Alisha Chapin (Director)	$0	$0	$0
Michael Butcher (Director)	$0	$0	$0
Elaine Webster (Director)	$0	$0	$0
Cheryl Armstrong (Director)	$0	$0	$0
Kirk Gentry (Director)	$0	$0	$0
Olivia Craig (Secretary)	$0	$0	$0
James Todd Lester (Vice President)	$0	$0	$0

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990

Filed on Aug. 15, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$2,361,086

Expenses

$2,346,900

Net Income

$14,186

Net Assets

$594,511

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$15,070	0.6%
Program Services	$2,337,858	99.0%
Investment Income	$470	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$7,688	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$143,486	6.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,152,638	49.1%

Assets/Debt
Total Assets	$2,803,231
Total Liabilities	$2,208,720
Net Assets	$594,511

Compensation

Key Employees and Officers	Compensation	Related	Other
Martha Morrissey (Executive Dir.)	$89,471	$0	$0
Nicole Burnworth (Program Dir.)	$54,015	$0	$0
Martha Morrissey (President)	$0	$0	$0
William Mara (1 St Vice Pres.)	$0	$0	$0
Teresa Martin (2 Nd Vice Pres.)	$0	$0	$0
Nicole Burnworth (Secretary)	$0	$0	$0
Elaine Webster (Director)	$0	$0	$0
Cheryl Armstrong (Director)	$0	$0	$0
Kirk Gentry (Director)	$0	$0	$0
Olivia Craig (Director)	$0	$0	$0
James Todd Lester (Director)	$0	$0	$0

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990

Filed on June 16, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$2,318,551

Expenses

$2,251,743

Net Income

$66,808

Net Assets

$580,325

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$18,534	0.8%
Program Services	$2,290,239	98.8%
Investment Income	$352	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,426	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$144,012	6.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,061,294	47.1%

Assets/Debt
Total Assets	$2,875,347
Total Liabilities	$2,295,022
Net Assets	$580,325

Compensation

Key Employees and Officers	Compensation	Related	Other
Martha Morrissey (Executive Dir.)	$89,471	$0	$0
Nicole Burnworth (Program Dir.)	$54,541	$0	$0
Martha Morrissey (President)	$0	$0	$0
William Mara (1 St Vice Pres.)	$0	$0	$0
Teresa Martin (2 Nd Vice Pres.)	$0	$0	$0
Nicole Burnworth (Secretary)	$0	$0	$0
Elaine Webster (Director)	$0	$0	$0
Cheryl Armstrong (Director)	$0	$0	$0
Kirk Gentry (Director)	$0	$0	$0
Olivia Craig (Director)	$0	$0	$0
James Todd Lester (Director)	$0	$0	$0

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990

Filed on Oct. 16, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$2,231,082

Expenses

$2,217,873

Net Income

$13,209

Net Assets

$470,658

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$18,938	0.8%
Program Services	$2,204,074	98.8%
Investment Income	$675	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$7,395	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,189,130	53.6%

Assets/Debt
Total Assets	$2,567,532
Total Liabilities	$2,096,874
Net Assets	$470,658

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,194,457

Expenses

$2,250,556

Net Income

-$56,099

Net Assets

$454,116

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$12,097	0.6%
Program Services	$2,170,004	98.9%
Investment Income	$632	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$7,253	0.3%
Net Inventory Sales	$0
Other Revenue	$4,471	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,187,052	52.7%

Assets/Debt
Total Assets	$2,550,502
Total Liabilities	$2,096,386
Net Assets	$454,116

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Promising Futures Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.98M (2023)

Expenses $3.19M (2023)

Total Assets $3.58M (2023)

Total Liabilities $1.74M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$3.98M (2023)

Expenses

$3.19M (2023)

Total Assets

$3.58M (2023)

Total Liabilities

$1.74M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001