Ravenswood Education Foundation
- Assets
- $10.8m
- Revenue
- $9.4m
- Investments
- $7.5m
- Employees
- 2
- Location
- Menlo Park, CA
- Founding
- 10/2007
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Ravenswood Education Foundation generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $7.1m during the year ending 06/2021. While expenses have increased by 16.4% per year over the past 6 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
2021
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) 11 ART AND MUSIC TEACHERS AND 5 PHYSICAL EDUCATION TEACHERS, PROVIDING WHOLE CHILD SUPPORT AND TIME FOR TEACHERS TO COLLABORATE AND CREATE PROFESSIONAL LEARNING CIRCLES; (2) LITERACY INTERVENTION PROGRAM INCLUDING 10 LITERACY SPECIALISTS AND INTERVENTION MATERIALS; (3) STEM PROGRAMS INCLUDING STAFF AND SUPPLIES FOR A MAKERSPACE AT EACH SCHOOL SITE AND SCIENCE LABS FOR MIDDLE SCHOOL STUDENTS; (4) STAFFING FEE FOR SUMMER SCHOOL 2021; (5) SUPPORT TO ENSURE MENTAL HEALTH COUNSELORS AT EACH SCHOOL SITE; (6) A ROBUST MIDDLE SCHOOL INITIATIVE INCLUDING HIRING ESSENTIAL ACADEMIC AND ENRICHMENT STAFF, OVERNIGHT FIELD TRIPS, AND FACILITIES ENHANCEMENTS; (7) SUPPORT FOR HOMELESS CHILDREN AND FAMILIES; (8) EXTENSIVE TRAINING AND SUPPORT FOR RAVENSWOOD TEACHERS, SCHOOL LEADERS AND DISTRICT OFFICE STAFF INCLUDING THE DEVELOPMENT OF A 5-YEAR STRATEGIC PLAN; AND (9) EMERGENCY FUNDING FOR DISTANCE LEARNING AND OTHER COVID PANDEMIC NECESSITATED EXPENSES.
REF FUNDED: (1) 11 ART AND MUSIC TEACHERS AND 5 PHYSICAL EDUCATION TEACHERS, PROVIDING WHOLE CHILD SUPPORT AND TIME FOR TEACHERS TO COLLABORATE AND CREATE PROFESSIONAL LEARNING CIRCLES; (2) LITERACY INTERVENTION PROGRAM INCLUDING 10 LITERACY SPECIALISTS AND INTERVENTION MATERIALS; (3) STEM PROGRAMS INCLUDING STAFF AND SUPPLIES FOR A MAKERSPACE AT EACH SCHOOL SITE AND SCIENCE LABS FOR MIDDLE SCHOOL STUDENTS; (4) STAFFING FEE FOR SUMMER SCHOOL 2021; (5) SUPPORT TO ENSURE MENTAL HEALTH COUNSELORS AT EACH SCHOOL SITE; (6) A ROBUST MIDDLE SCHOOL INITIATIVE INCLUDING HIRING ESSENTIAL ACADEMIC AND ENRICHMENT STAFF, OVERNIGHT FIELD TRIPS, AND FACILITIES ENHANCEMENTS; (7) SUPPORT FOR HOMELESS CHILDREN AND FAMILIES; (8) EXTENSIVE TRAINING AND SUPPORT FOR RAVENSWOOD TEACHERS, SCHOOL LEADERS AND DISTRICT OFFICE STAFF INCLUDING THE DEVELOPMENT OF A 5-YEAR STRATEGIC PLAN; AND (9) EMERGENCY FUNDING FOR DISTANCE LEARNING AND OTHER COVID PANDEMIC NECESSITATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenna Wachtel Pronovost Ex-Off Icio, Non-Voting) Executive Director | OfficerTrustee | 40 | $151,572 |
Avani Patel Board Member | Trustee | 2 | $11,700 |
Ann Carter President & Board Chair | OfficerTrustee | 2 | $0 |
Carolyn Bowsher Vice President | OfficerTrustee | 2 | $0 |
Laird Simons Vice President & Asst Trea | OfficerTrustee | 2 | $0 |
Annette Shelby Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $851,723 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,504,985 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,366,708 |
| Total Program Service Revenue | $0 |
| Investment income | $39,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$452 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,405,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,570,888 |
| 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. | $238,587 |
| Compensation of current officers, directors, key employees. | $34,966 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,083 |
| Pension plan accruals and contributions | $4,625 |
| Other employee benefits | $7,555 |
| Payroll taxes | $15,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,682 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,579 |
| Advertising and promotion | $0 |
| Office expenses | $12,794 |
| 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 | $1,779 |
| All other expenses | $0 |
| Total functional expenses | $7,082,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,660 |
| Savings and temporary cash investments | $2,975,030 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,000 |
| 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 | $93,258 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,499,938 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,833,886 |
| Accounts payable and accrued expenses | $2,418,610 |
| 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 | $2,418,610 |
| Net assets without donor restrictions | $7,226,019 |
| Net assets with donor restrictions | $1,189,257 |
| 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 | $10,833,886 |
Grants Recieved
Over the last fiscal year, we have identified 34 grants that Ravenswood Education Foundation has recieved totaling $3,662,191.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $752,700 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $500,800 |
Give Forward Foundation Palo Alto, CA PURPOSE: GENERAL OPERATION SUPPORT | $500,000 |
Give Forward Foundation Palo Alto, CA PURPOSE: $500,000 FOR GENERAL OPERATING SUPPORT AND $500,000 FOR THE TALENT INITIATIVE | $500,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $260,000 |
Give Forward Foundation Palo Alto, CA PURPOSE: GENERAL OPERATION SUPPORT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |