Hermosa Beach Education Foundation

Organization Overview

Hermosa Beach Education Foundation is located in Hermosa 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hermosa Beach 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, Hermosa Beach Education Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 2.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE INVESTMENT IN HERMOSA BEACH PUBLIC SCHOOLS AND PROVIDE EDUCATIONAL GRANTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED GRANTS TO BENEFIT HERMOSA BEACH CITY SCHOOL DISTRICT. THESE GRANTS SUPPLEMENT THE CORE CURRICULUM AND BENEFIT ALL GRADE LEVELS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$57,774
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$750,210
Noncash contributions included in lines 1a–1f $57,774
Total Revenue from Contributions, Gifts, Grants & Similar$807,984
Total Program Service Revenue$0
Investment income $53,694
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $20,419
Net Income from Fundraising Events $234,954
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,117,051

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Hermosa Beach Education Foundation has recieved totaling $329,304.

Awarding OrganizationAmount
Skechers Foundation

Manhattan Beach, CA

PURPOSE: GENERAL SUPPORT

$163,899
Windsong Tr

Manhattan Beach, CA

PURPOSE: EDUCATIONAL PROGRAM SUPPORT

$75,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$33,074
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$15,992
Stephanie And Peter Nolan Foundation

Hermosa Beach, CA

PURPOSE: AS NEEDED

$10,000
John H & Cynthia Lee Smet Foundation

Manhattan Beach, CA

PURPOSE: EDUCATION

$10,000
View Grant Recipient Profile

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