Redondo Beach Educational Foundation
- Assets
- $2.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 88
- Location
- Redondo Beach, CA
- Founding
- 09/1992
- Data as of
- 06/2024
- EIN
- 33-0470935
Organization Overview
Redondo Beach Educational Foundation is located in Redondo Beach, CA. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2024, Redondo Beach Educational Foundation employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redondo Beach 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 06/2024, Redondo Beach Educational Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.2m during the year ending 06/2024. While expenses have increased by 5.7% per year over the past 9 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.
Since 2014, Redondo Beach Educational Foundation has awarded 11 individual grants totaling $4,238,484. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
RBEF INSPIRES OUR COMMUNITY TO INVEST IN REDONDO BEACH SCHOOLS SO THAT EVERY STUDENT CAN DEVELOP KNOWLEDGE AND SKILLS THAT GO BEYOND WHAT PUBLIC FUNDING ALONE WOULD ACHIEVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REDONDO BEACH EDUCATIONAL FOUNDATION ("RBEF") IN PARTNERSHIP WITH INDIVIDUALS, COMMUNITY BUSINESSES, AND CORPORATIONS, PROVIDED ADDITIONAL FUNDING NEEDED TO ENHANCE THE EDUCATIONAL EXPERIENCE IN SUCH PROGRAMS AS MUSIC, SCIENCE, AND TECHNOLOGY TO ALL CHILDREN IN THE REDONDO BEACH UNIFIED SCHOOL DISTRICT ("RBUSD").
RBEF ADMINISTERS THE RBUSD STUDENT SUMMER SESSION PROGRAMS FOR ACADEMICS AT THE ELEMENTARY, MIDDLE, AND HIGH SCHOOL LEVELS, AS WELL AS SUMMER ATHLETICS PROGRAMS (REFERRED TO AS THE SEA HAWK SPORTS CAMPS) FOR THE HIGH SCHOOL SPORTS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doris Donlou-Richmond President | OfficerTrustee | 5 | $0 |
John Nemeth Vice-President | OfficerTrustee | 3 | $0 |
Sharon Day Treasurer | OfficerTrustee | 4 | $0 |
Robyn Toth Secretary | OfficerTrustee | 3 | $0 |
Stephane Ernoux Director | Trustee | 2 | $0 |
Ben Kim Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $155,961 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,389,486 |
| Noncash contributions included in lines 1a–1f | $41,203 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,545,447 |
| Total Program Service Revenue | $678,548 |
| Investment income | $297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,037 |
| Net Income from Fundraising Events | -$85,271 |
| Net Income from Gaming Activities | $8,912 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,152,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,293,901 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,120 |
| Compensation of current officers, directors, key employees. | $25,824 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $500,088 |
| Pension plan accruals and contributions | $5,345 |
| Other employee benefits | $8,788 |
| Payroll taxes | $57,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,913 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,060 |
| Fees for services: Other | $636 |
| Advertising and promotion | $15,490 |
| Office expenses | $1,915 |
| Information technology | $7,896 |
| Royalties | $0 |
| Occupancy | $7,838 |
| Travel | $1,012 |
| 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 | $5,350 |
| All other expenses | $0 |
| Total functional expenses | $2,196,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $829,931 |
| Savings and temporary cash investments | $52,456 |
| Pledges and grants receivable | $232,582 |
| Accounts receivable, net | $16,970 |
| 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 | $26,865 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,423,102 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,237 |
| Total assets | $2,614,143 |
| Accounts payable and accrued expenses | $217,368 |
| Grants payable | $0 |
| Deferred revenue | $348,525 |
| 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 | $30,357 |
| Total liabilities | $596,250 |
| Net assets without donor restrictions | $1,760,311 |
| Net assets with donor restrictions | $257,582 |
| 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 | $2,614,143 |
Grants Awarded
Over the last fiscal year, Redondo Beach Educational Foundation has awarded $1,287,440 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
REDONDO BEACH UNIFIED SCHOOL DISTRICT PURPOSE: ANNUAL DISTRICT GRANT FOR DISTRICT-WIDE PROGRAMS; SCHOOL-SITE GRANTS FROM SKECHERS WALK PARTICIPATION. | $1,262,440 |
BEACH CITIES ROBOTICS PURPOSE: GRANT TO SUPPORT COSTS RELATED TO WORLD CHAMPIONSHIP COMPETITION. | $25,000 |