Ravenswood Education Foundation
- Assets
- $17.1m
- Revenue
- $12.6m
- Investments
- $11.4m
- Employees
- 2
- Location
- Menlo Park, CA
- Founding
- 10/2007
- Data as of
- 06/2022
- EIN
- 26-0166433
Organization Overview
Ravenswood Education Foundation is located in Menlo Park, CA. The organization was established in 2007. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Ravenswood Education Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ravenswood Education 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, Ravenswood Education Foundation generated $12.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $7.7m during the year ending 06/2022. While expenses have increased by 15.2% 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
TO RAISE FUNDS FOR THE STUDENTS, TEACHERS AND PROGRAMS OF THE RAVENSWOOD CITY SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REF FUNDED: (1) 10 ART AND MUSIC TEACHERS AND 3 PHYSICAL EDUCATION TEACHERS, PROVIDING WHOLE CHILD SUPPORT AND TIME FOR TEACHERS TO COLLABORATE AND CREATE PROFESSIONAL LEARNING CIRCLES; (2) LITERACY INTERVENTION PROGRAM INCLUDING 6 LITERACY SPECIALISTS; (3) STEM PROGRAMS INCLUDING STAFF AND SUPPLIES FOR A MAKERSPACE AT EACH SCHOOL SITE AND SCIENCE LABS FOR MIDDLE SCHOOL STUDENTS; (4) FUNDING TO IMPLEMENT SUMMER SCHOOL 2021; (5) A ROBUST MIDDLE SCHOOL INITIATIVE INCLUDING HIRING ESSENTIAL ACADEMIC AND ENRICHMENT STAFF, OVERNIGHT FIELD TRIPS, AND FACILITIES ENHANCEMENTS; (6) SUPPORT FOR CHILDREN AND FAMILIES EXPERIENCING HOMELESSNESS; (7) EXTENSIVE TRAINING AND SUPPORT FOR RAVENSWOOD TEACHERS, SCHOOL LEADERS AND DISTRICT OFFICE STAFF; AND (8) SUPPORT OF THE RAVENSWOOD TALENT INITIATIVE, A BOLD NEW PROGRAM DESIGNED TO RETAIN, RECRUIT, AND REWARD EXCELLENT TEACHERS THROUGH AN INITIAL RAISE AND DIFFERENTIATED COMPENSATION ALIGNED TO PERFORMANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Bowsher Board Chair | OfficerTrustee | 2 | $0 |
Meghan Clark Vice President | OfficerTrustee | 2 | $0 |
Brenda Woodson Treasurer | OfficerTrustee | 2 | $0 |
Laird Simons Secretary | OfficerTrustee | 2 | $0 |
Amy Arnold Board Member | Trustee | 2 | $0 |
Michelle Boyers Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $866,388 |
| Related organizations | $0 |
| Government grants | $186,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,509,839 |
| Noncash contributions included in lines 1a–1f | $180,652 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,562,827 |
| Total Program Service Revenue | $0 |
| Investment income | $23,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$431 |
| Net Income from Fundraising Events | -$33,285 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,552,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,238,400 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $199,020 |
| Compensation of current officers, directors, key employees. | $39,804 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,275 |
| Pension plan accruals and contributions | $5,445 |
| Other employee benefits | $7,044 |
| Payroll taxes | $20,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,045 |
| Advertising and promotion | $0 |
| Office expenses | $13,695 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,976 |
| All other expenses | $0 |
| Total functional expenses | $7,698,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,584,542 |
| Savings and temporary cash investments | $2,070,098 |
| Pledges and grants receivable | $17,084 |
| Accounts receivable, net | $0 |
| 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 | $36,457 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,400,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,108,181 |
| Accounts payable and accrued expenses | $3,743,814 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,743,814 |
| Net assets without donor restrictions | $11,566,199 |
| Net assets with donor restrictions | $1,798,168 |
| 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 | $17,108,181 |