THE SAN MARCOS PROMISE

EIN: 465460510 501(c)(3) Education

SAN MARCOS, CA

Total Revenue
$1,192,312
Total Expenses
$1,385,855
Total Assets
$587,069
Net Assets
$586,963
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CA
Principal Officer
RANDY WALTON
Phone
7604029090
Tax Period
2024-07-01 to 2025-06-30

THE SAN MARCOS PROMISE, founded in 2014, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

PROJECT NEXT TRANSFORMS HOW HIGH SCHOOL STUDENTS PREPARE FOR LIFE AFTER GRADUATION BY EMBEDDING CAREER READINESS AND WORKFORCE DEVELOPMENT DIRECTLY ON CAMPUS THROUGH FUTURE CENTERS. IN PARTNERSHIP WITH SCHOOL DISTRICTS AND MORE THAN 400 LOCAL PROFESSIONALS AND BUSINESSES, WE EQUIP STUDENTS WITH THE CLARITY, CONFIDENCE, AND CONNECTIONS NEEDED TO TRANSITION SUCCESSFULLY INTO HIGHER EDUCATION, CAREER TRAINING, MILITARY SERVICE, OR LIVING WAGE EMPLOYMENT.

Program Service Accomplishments

Program 1
Expenses: $742,277

PROJECT NEXT OPERATES FIVE ON CAMPUS FUTURE CENTERS SERVING HIGH SCHOOL STUDENTS ACROSS SAN MARCOS AND ESCONDIDO. THESE CENTERS FUNCTION AS YEAR-ROUND, HIGH TOUCH WORKFORCE READINESS HUBS EMBEDDED...

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PROJECT NEXT OPERATES FIVE ON CAMPUS FUTURE CENTERS SERVING HIGH SCHOOL STUDENTS ACROSS SAN MARCOS AND ESCONDIDO. THESE CENTERS FUNCTION AS YEAR-ROUND, HIGH TOUCH WORKFORCE READINESS HUBS EMBEDDED WITHIN PARTNER SCHOOLS. DURING THE FISCAL YEAR: STUDENTS VISITED FUTURE CENTERS MORE THAN 5,300 TIMES. CAREER COACHES DELIVERED OVER 1,300 INDIVIDUALIZED COACHING SESSIONS TO NEARLY 900 STUDENTS. 470 STUDENTS COMPLETED THE SUPERSTRONG INTEREST ASSESSMENT TO ALIGN STRENGTHS WITH CAREER PATHWAYS. 392 STUDENTS COMPLETED FAFSA OR CADAA APPLICATIONS WITH DIRECT SUPPORT. MORE THAN 2,400 STUDENT TOUCHPOINTS WERE GENERATED THROUGH 90 CAREER READINESS EVENTS. OVER 400 PROFESSIONALS REPRESENTING 130 PLUS COMPANIES ENGAGED DIRECTLY WITH STUDENTS.EQUITY IS CENTRAL TO OUR MODEL. AMONG PARTICIPANTS IN OUR STRUCTURED COHORT PROGRAMS: 85 PERCENT WERE SOCIOECONOMICALLY DISADVANTAGED. 64 TO 78 PERCENT WERE FIRST GENERATION COLLEGE BOUND. UP TO 92 PERCENT IDENTIFIED AS STUDENTS OF COLOR.FOCUSED FUTURES, OUR TWO-YEAR COLLEGE AND CAREER EXPLORATION PROGRAM, SERVED 109 STUDENTS. SEVENTY FIVE PERCENT COMPLETED THE YEAR WITH A DEFINED POST-GRADUATION PLAN AND 72 PERCENT ARE PURSUING HIGHER EDUCATION OR CAREER TRAINING.XCELERATE WORKFORCE PATHWAY SERVED 83 STUDENTS WHO WERE NOT INITIALLY PLANNING TO PURSUE COLLEGE. BY YEAR END, 87 PERCENT HAD APPLIED TO OR ENROLLED IN POSTSECONDARY EDUCATION, CAREER TRAINING, MILITARY SERVICE, OR EMPLOYMENT PATHWAYS WITH STRONGER WAGE AND GROWTH POTENTIAL.THROUGH INTERVIEW SKILLS DAY, SKILLSHOPS, CAREER CHATS, COMPANY SITE VISITS, AND REGIONAL CONNECT TO CAREERS EVENTS, STUDENTS GAINED PRACTICAL EXPERIENCE IN NETWORKING, INTERVIEWING, FINANCIAL LITERACY, AND PROFESSIONAL COMMUNICATION.PROJECT NEXT ALIGNS EDUCATION WITH INDUSTRY TO STRENGTHEN THE NORTH COUNTY TALENT PIPELINE. OUR CROSS-SECTOR MODEL ENSURES STUDENTS GRADUATE NOT ONLY WITH A DIPLOMA, BUT WITH A VIABLE, INFORMED PATHWAY TOWARD ECONOMIC MOBILITY.DURING THE 2023 FISCAL YEAR, THE SAN MARCOS PROMISE REBRANDED AS PROJECT NEXT TO REFLECT THE EXPANSION OF ITS MISSION, GEOGRAPHY, AND SERVICES. THE ORGANIZATION RETAINED ITS ORIGINAL EIN AND LEGAL ENTITY STATUS. THE REBRAND ALIGNS WITH A BROADER REGIONAL FOOTPRINT AND AN EVOLVED STRATEGIC FOCUS ON SYSTEMIC COLLEGE AND CAREER READINESS. ORIGINALLY FOUNDED IN 2014 TO ADMINISTER THE PACE PROMISE SCHOLARSHIP PROGRAM, THE ORGANIZATION SHIFTED ITS STRATEGY IN 2019 TO ESTABLISH ON CAMPUS FUTURE CENTERS WITHIN SAN MARCOS UNIFIED SCHOOL DISTRICT HIGH SCHOOLS. RECOGNIZING THE NEED FOR EARLIER AND MORE COMPREHENSIVE INTERVENTION, THE ORGANIZATION EXPANDED INTO ESCONDIDO UNION HIGH SCHOOL DISTRICT AND NOW OPERATES FIVE FUTURE CENTERS ACROSS MULTIPLE DISTRICTS. THE NAME PROJECT NEXT REFLECTS THE ORGANIZATION'S EXPANDED REGIONAL REACH AND ITS COMMITMENT TO HELPING STUDENTS IDENTIFY AND PURSUE THEIR NEXT BEST STEP AFTER GRADUATION. NO STRUCTURAL OR GOVERNANCE CHANGES ACCOMPANIED THE REBRAND.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,188,625
Program Service Revenue $0
Investment Income $3,687
Other Revenue $0
TOTAL REVENUE $1,192,312

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,077,120
Fundraising Expenses $244,043
Program Expenses $742,277
Other Expenses $308,735
TOTAL EXPENSES $1,385,855

Year-over-Year Comparison

2024 2023 Change
Revenue $1,192,312 $1,012,879 +0.2%
Expenses $1,385,855 $989,326 +0.4%
Net Income $-193,543 $23,553 -9.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
14
Volunteers
350

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$216,941
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY WALTON CHAIR 1.00
Officer Director
$0 $0 $0
SHARON JENKINS SECRETARY 1.00
Officer Director
$0 $0 $0
KARI PELTERS TREASURER 1.00
Officer Director
$0 $0 $0
MIKE MCDONALD DIRECTOR 1.00
Director
$0 $0 $0
MEGAN AHN DIRECTOR 1.00
Director
$0 $0 $0
MARK RODRIGUEZ DIRECTOR 1.00
Director
$0 $0 $0
CHRIS SUMMERS DIRECTOR 1.00
Director
$0 $0 $0
MOROD SHAH DIRECTOR 1.00
Director
$0 $0 $0
JESSICA GARCIA DIRECTOR 1.00
Director
$0 $0 $0
ZACK NELSON DIRECTOR 1.00
Director
$0 $0 $0
FRED FREEDMAN DIRECTOR 1.00
Director
$0 $0 $0
AMY BROWN DIRECTOR 1.00
Director
$0 $0 $0
DR ANDY JOHNSEN DIRECTOR 1.00
Director
$0 $0 $0
KATIE YEE DIRECTOR 1.00
Director
$0 $0 $0
KAMRON PALIZBAN DIRECTOR 1.00
Director
$0 $0 $0
LISA STOUT EXECUTIVE DIRECTOR 40.00
Officer
$184,005 $32,936 $216,941
SARA MONTOOTH PROGRAMS COORDINATOR 40.00
Highest
$135,442 $28,660 $164,102
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,192,312 $1,385,855 $587,069 $-193,543
2024 $1,012,879 $989,326 $770,302 $23,553
2023 $874,780 $975,963 $750,623 $-101,183
2022 $1,214,325 $991,431 $846,568 $222,894
2021 $841,066 $574,446 $694,752 $266,620
2020 $702,375 $749,556 $368,412 $-47,181
2019 $769,202 $581,223 $408,839 $187,979
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