Hemet Education Foundation
- Assets
- $588.1k
- Revenue
- $56.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Hemet, CA
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 33-0416498
Organization Overview
Hemet Education Foundation is located in Hemet, CA. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hemet 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, Hemet Education Foundation generated $56.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $27.6k during the year ending 06/2022. 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
THE HEMET EDUCATION FOUNDATION IS DEDICATED TO PROMOTING EXCELLENCE AND INNOVATION IN EDUCATION FOR THE STUDENTS OF THE HEMET UNIFIED SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PERMANENT ENDOWMENT FUND IS BEING ESTABLISHED BY CONTRIBUTIONS FROM INDIVIDUALS AND BUSINESSES. THE EARNINGS FROM THIS FUND WILL BE USED IN THE SUPPORT OF LIBRARIES AND LITERACY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Digby Co-Treasurer | OfficerTrustee | 1 | $0 |
Alex Ballard Vice President | OfficerTrustee | 1 | $0 |
Ron Breyer Co-President | OfficerTrustee | 2 | $0 |
Sue Breyer Co-President | OfficerTrustee | 2 | $0 |
Derek Jindra Co-Treasurer | OfficerTrustee | 1 | $0 |
Claire Doolittle Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,115 |
| Total Program Service Revenue | $0 |
| Investment income | $10,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,087 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $546 |
| Fees for services: Other | $5,245 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $27,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,750 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $545,388 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $588,138 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $588,138 |
| Total liabilities and net assets/fund balances | $588,138 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hemet Education Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Inland Empire Community Foundation Riverside, CA PURPOSE: Agency Distribution | $15,000 |
Endowment Analysis
| Beg. Balance | $538,428 |
| Earnings | $30,900 |
| Admin Expense | $2,796 |
| Grants | $15,000 |
| Ending Balance | $448,341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Charter Schools Clarksburg, CA | $6,835,428 | $11,158,967 |
Thomas Jefferson School Of Law San Diego, CA | $18,601,519 | $10,934,799 |
Csu Bakersfield Auxiliary For Sponsored Programs Administration Bakersfield, CA | $4,727,520 | $8,677,817 |
The University Foundation California State University Chico Chico, CA | $91,966,484 | $11,469,732 |
College For Certain Inc Oakland, CA | $162,300,050 | $19,960,533 |
San Tan Montessori School Inc Gilbert, AZ | $28,267,534 | $9,003,617 |
Nnh Support Reno, NV | $5,000 | $0 |
The Richard Nixon Foundation Yorba Linda, CA | $62,998,242 | $9,688,165 |
Great Basin College Foundation Elko, NV | $13,766,452 | $2,685,144 |
Ravenswood Education Foundation Menlo Park, CA | $10,833,886 | $9,405,979 |
University Foundation At Sacramento State Sacramento, CA | $93,463,770 | $14,749,605 |
Indian Institute Of Technology Kanpur Foundation Inc Palo Alto, CA | $2,445,670 | $9,032,117 |