Pasadena Educational Foundation
- Assets
- $10.8m
- Revenue
- $5.0m
- Investments
- $358.8k
- Employees
- 23
- Location
- Pasadena, CA
- Founding
- 12/1971
- Data as of
- 06/2021
- EIN
- 23-7149451
Organization Overview
Pasadena Educational Foundation is located in Pasadena, CA. The organization was established in 1971. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Pasadena Educational Foundation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pasadena Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Pasadena Educational Foundation generated $5.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING FOR PASADENA AREA PUBLIC SCHOOLS, INCLUDING ALTADENA, PASADENA AND SIERRA MADRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PASADENA EDUCATIONAL FOUNDATION (PEF) IS A NON-PROFIT COMMUNITY-BASED ORGANIZATION WHICH JOINS THE PUBLIC AND PRIVATE SECTORS IN A PARTNERSHIP TO (1) DEVELOP SUPPLEMENTARY FINANCIAL SUPPORT FOR PASADENA UNIFIED SCHOOL DISTRICT (PUSD) PROGRAMS, (2) ENCOURAGE DEDICATED TEACHERS BY FUNDING CREATIVE PROJECTS AND (3) PROMOTE COMMUNITY-WIDE CONFIDENCE IN THE PUSD AND ITS SCHOOLS. SEE SCHEDULE I FOR A LISTING OF THIS FISCAL YEAR'S PROGRAM SERVICE GRANTS AND OTHER ASSISTANCE.IN ADDITION TO CONTRIBUTIONS DIRECTLY RECEIVED BY THE PEF FROM PRIVATE AND PUBLIC SECTORS, THE PEF, IN COORDINATION WITH THE PUSD, SOLICITS CONTRIBUTIONS THAT GO DIRECTLY FROM THE DONOR TO THE PUSD.
PEF HAS PROVIDED A SUMMER ENRICHMENT PROGRAM FOR LOCAL STUDENTS EACH SUMMER SINCE 2003. DURING FISCAL YEAR 2020-21, THE PROGRAM DID NOT RUN IN 2020 AND RAN IN A MODIFIED IN-PERSON VERSION IN 2021 ACCORDING TO COVID GUIDELINES AT THAT TIME. FOR SUMMER OF 2021, THE PROGRAM SERVED APPROXIMATELY 813 ELEMENTARY, JUNIOR HIGH, AND HIGH SCHOOL PUSD STUDENTS. OVER 65 DIFFERENT ENRICHMENT CLASSES INCLUDING DRAMA, ART, MATH, CREATIVE WRITING, CHESS, GOLF, TENNIS, ROBOTICS, COMPUTER AND MULTIMEDIA, SPANISH, MANDARIN, AND FRENCH IMMERSION, FINANCIAL LITERACY, LEADERSHIP SKILLS, AND MANY MORE WERE OFFERED. FOR THE 2021 SUMMER ONLY, THE PROGRAM WAS FULLY FUNDED BY PUSD, ALLOWING FOR ALL STUDENTS TO ATTEND AT NO COST.THE EXPENSES AND REVENUES REFLECTED ABOVE RELATE TO THE SUMMER OF 2021. IN SUMMER OF 2022, PEF WILL RESUME OPERATING THE PROGRAM IN IT'S PRE-COVID FORMAT OF REASONABLE STUDENT PAID TUITION WITH TUITION ASSISTANCE AWARDED ON AN AS-NEEDED BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Conyers Executive Director | Officer | 40 | $162,500 |
Angela Parris Development Director | 40 | $115,250 | |
Sarah Deschenes Vice President | OfficerTrustee | 10 | $0 |
Felita Kealing Board President | OfficerTrustee | 10 | $0 |
Luisa Rengifo-Estrada Vice President | OfficerTrustee | 10 | $0 |
Julia Mccallin Vice President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $300,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,344,808 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,644,808 |
| Total Program Service Revenue | $743,910 |
| Investment income | $244,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $369,691 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,002,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,265,576 |
| Grants and other assistance to domestic individuals. | $193,801 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,253 |
| Compensation of current officers, directors, key employees. | $45,046 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,176,875 |
| Pension plan accruals and contributions | $43,090 |
| Other employee benefits | $88,771 |
| Payroll taxes | $107,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,013 |
| Fees for services: Accounting | $17,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,380 |
| Fees for services: Investment Management | $23,062 |
| Fees for services: Other | $246,152 |
| Advertising and promotion | $0 |
| Office expenses | $99,629 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,569 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,444 |
| All other expenses | $18,308 |
| Total functional expenses | $3,826,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,791,987 |
| Savings and temporary cash investments | $647,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $669,478 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,920 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,256,109 |
| Investments—other securities | $358,847 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,750,801 |
| Accounts payable and accrued expenses | $2,299,359 |
| Grants payable | $0 |
| Deferred revenue | $227,597 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $270,060 |
| Total liabilities | $2,797,016 |
| Net assets without donor restrictions | $1,038,818 |
| Net assets with donor restrictions | $6,914,967 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,750,801 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pasadena Educational Foundation has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Jim & Vanita Oelschlager Foundation Akron, OH PURPOSE: GENERAL FUND | $100 |
Endowment Analysis
| Beg. Balance | $458,401 |
| Earnings | $150,912 |
| Net Contributions | $45,877 |
| Ending Balance | $655,190 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |
Americas Best Local Charities San Rafael, CA | $3,431,052 | $16,765,664 |
Bill Hannon Foundation Los Angeles, CA | $17,238,236 | $4,285,811 |
It Is Written Inc Riverside, CA | $12,378,597 | $15,533,924 |
Friends Of Family Health Center La Habra, CA | $48,269,218 | $21,982,956 |
Family Assistance Ministries San Clemente, CA | $4,435,253 | $12,485,569 |
Hidaya Foundation Santa Clara, CA | $4,651,500 | $12,437,401 |
Hyundai Hope On Wheels Fountain Valley, CA | $12,616,829 | $14,561,310 |
Philanthropic Impact Fund Beverly Hills, CA | $0 | $3,313,525 |
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |
Xavier College Preparatory High School Palm Desert, CA | $46,603,211 | $9,301,462 |