Friends Of La Jolla Elementary Inc

The information for Friends Of La Jolla Elementary Inc is as of the organization's most recent filing in June '21. This organization is located in La Jolla, CA. It has been in existence for 36 years, following its founding in 1985.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Friends Of La Jolla Elementary Inc is a nonprofit organization that falls under the NTEE code B11, which indicates its major classification as Education. As a Single Organization Support entity within the Education group, its purpose is to provide support and raise funds for a single institution. The organization operates under section code 3, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals Organizations. The mission of the Friends Of La Jolla Elementary Inc is to provide financial assistance in support of the educational needs of the students enrolled in La Jolla Elementary School. With approximately 450 students benefiting from this nonprofit organization, it plays a vital role in enhancing the educational experience at the school.

Program Areas

Program Area 1: The organization's program expenses directly relate to the educational needs of the students, including art, music, tech, and library.

Program Area 2: The organization allocates program expenses in support of 5th grade graduation and junior Olympics.

Program Area 3: Within the technology program, the organization focuses on utilizing educational software to expand math learning and provides on-campus hardware repair services.

Organization Staffing

Friends Of La Jolla Elementary Inc is run by Marcia Branstetter, who is the Co-President. The organization does not have any employees and therefore does not have any employees paid over $100k per year. Supporting the organization are 25 volunteers.

Board Governance

Friends Of La Jolla Elementary Inc appears to be a well-governed non-profit organization based on the information provided. The organization has a total of 13 voting members, all of whom are independent. This indicates that there is a diverse group of individuals involved in the decision-making process, ensuring a balanced and unbiased approach to governance. Furthermore, the organization does not have any potential conflicts of interest, suggesting that the board members are committed to acting in the best interest of the organization and its mission. The fact that management has not been delegated to an outside firm also indicates that the board is actively involved in overseeing the operations and strategic direction of the organization. The organization has a strong commitment to transparency and accountability, as evidenced by the documentation of both board and committee meetings. This ensures that all decisions and discussions are properly recorded and can be referred to in the future. Additionally, the organization has a document retention policy in place, which further emphasizes their dedication to maintaining accurate and accessible records. While the organization does not have specific policies in place regarding conflicts of interest, whistleblower protection, or substantiating and reviewing leadership salaries, the fact that board members have access to copies of the 990 forms prior to filing demonstrates a level of openness and transparency in financial matters. Overall, Friends Of La Jolla Elementary Inc appears to be well-governed, with a board that is actively involved in decision-making, committed to transparency, and focused on the organization's mission.

Organization Growth

The nonprofit organization Friends Of La Jolla Elementary Inc has experienced a decrease in various aspects over the given time period. Contributions and grants received decreased from $240.4K in 2014 to $132.9K in 2020, while other revenue decreased from $457.7K in 2014 to $241.5K in 2020. Total revenue also decreased from $698.2K in 2014 to $374.6K in 2020. Additionally, the number of total volunteers decreased from 75 in 2014 to 25 in 2020. However, there was an increase in investment income from $12 in 2014 to $128 in 2020. Overall, while there was growth in investment income, the organization experienced a decrease in contributions, other revenue, total revenue, and the number of volunteers.