Torrance Education Foundation

Organization Overview

Torrance Education Foundation is located in Torrance, CA. The organization was established in 1996. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Torrance Education Foundation employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torrance 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, Torrance Education Foundation generated $933.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $707.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THIS FOUNDATION IS SET UP TO PROVIDE FINANCIAL SUPPORT TO THE PUBLIC SCHOOLS IN THE TORRANCE UNIFIED SCHOOL DISTRICT IN ORDER TO PROVIDE A HIGH QUALITY OF PUBLIC EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUMMER SCHOOL EDUCATION TO GREATER THAN 300 STUDENTS AT ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL LEVEL. TOTAL REVENUE INCLUDES SCHOLARSHIP SUMMER SCHOOL TUITION PROVIDED TO 20 STUDENTS.


GRANTS GIVEN TO ENHANCE VARIOUS EDUCATIONAL PROGRAMS AT SCHOOLS IN THE TORRANCE UNIFIED SCHOOL DISTRICT.


SCHOLARSHIPS TO 19 GRADUATING SENIORS IN THE TORRANCE UNIFIED SCHOOL DISTRICT.


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Board, Officers & Key Employees

Name (title)Compensation
Katie Pandolfo
Secretary
$0
Cristina Chin Flores
Treasurer
$0
Teresa Furey
Vice President
$0
Martha Deutsch
President
$0
Emi Morimoto
2nd Vice Pres
$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$377,207
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$377,207
Total Program Service Revenue$313,021
Investment income $2,796
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $192,656
Net Income from Gaming Activities $47,720
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $933,400

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Torrance Education Foundation has recieved totaling $261,815.

Awarding OrganizationAmount
Skechers Foundation

Manhattan Beach, CA

PURPOSE: GENERAL SUPPORT

$257,016
The Mericos Foundation

South Pasadena, CA

PURPOSE: GENERAL OPERATING SUPPORT

$2,500
American Express Foundation

New York, NY

PURPOSE: GENERAL SUPPORT

$1,000
William And Karen Lavoie Foundation Inc

Redondo Beach, CA

PURPOSE: CHARITABLE SUPPORT

$1,000
The Crail-Johnson Foundation

San Pedro, CA

PURPOSE: GENERAL OPERATING SUPPORT - MATCHING

$150
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$149
View Grant Recipient Profile

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