Pasadena Educational Foundation
- Assets
- $9.7m
- Revenue
- $6.1m
- Investments
- $352.1k
- Employees
- 137
- Location
- Pasadena, CA
- Founding
- 12/1971
- Data as of
- 06/2022
- 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 06/2022, Pasadena Educational Foundation employed 137 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 06/2022, Pasadena Educational Foundation generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $5.4m during the year ending 06/2022. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
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. THE PROGRAM PAUSED IN 2020 DUE TO COVID AND RETURNED IN A SPECIAL, MODIFIED FORMAT IN 2021 WHEN IT WAS FULLY FUNDED BY PUSD. IN 2022, THE PROGRAM RESUMED ITS PRE-COVID FORMAT OF REASONABLE STUDENT PAID TUITION WITH TUITION ASSISTANCE AWARDED ON AN AS-NEEDED BASIS. IN 2022, THE PROGRAM SERVED APPROXIMATELY 1,055 STUDENTS ACROSS ALL GRADE LEVELS. OVER 75 UNIQUE ENRICHMENT CLASSES WERE OFFERED, INCLUDING DRAMA, ART, MATH, CREATIVE WRITING, CHESS, TENNIS, ROBOTICS, COMPUTER AND MULTIMEDIA, SPANISH, MANDARIN, FRENCH IMMERSION, AND MANY MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felita Kealing Immediate Past President | OfficerTrustee | 10 | $0 |
Sarah Deschenes Vice President | OfficerTrustee | 10 | $0 |
Kathy J Onoye Vice President | OfficerTrustee | 10 | $0 |
Del Lile Vice President | OfficerTrustee | 10 | $0 |
Erik Berg Vice President | OfficerTrustee | 10 | $0 |
Dawn Carson O'keeffe Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,802 |
| Related organizations | $0 |
| Government grants | $270,060 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,839,209 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,155,071 |
| Total Program Service Revenue | $572,568 |
| Investment income | $341,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,068,647 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,717,854 |
| Grants and other assistance to domestic individuals. | $293,264 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $183,770 |
| Compensation of current officers, directors, key employees. | $47,780 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,153,542 |
| Pension plan accruals and contributions | $26,527 |
| Other employee benefits | $80,604 |
| Payroll taxes | $106,446 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,573 |
| Fees for services: Other | $210,755 |
| Advertising and promotion | $0 |
| Office expenses | $139,961 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,160 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,925 |
| All other expenses | $49,161 |
| Total functional expenses | $5,412,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,228,704 |
| Savings and temporary cash investments | $573,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $248,741 |
| 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 | $36,447 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,303,706 |
| Investments—other securities | $352,075 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,742,843 |
| Accounts payable and accrued expenses | $2,649,753 |
| Grants payable | $0 |
| Deferred revenue | $187,514 |
| 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 | $0 |
| Total liabilities | $2,837,267 |
| Net assets without donor restrictions | $9,479 |
| Net assets with donor restrictions | $6,896,097 |
| 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 | $9,742,843 |