Millbrae Education Foundation Inc
- Assets
- $552.1k
- Revenue
- $456.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Millbrae, CA
- Founding
- 02/2009
- Data as of
- 06/2021
- EIN
- 41-2258685
Organization Overview
Millbrae Education Foundation Inc is located in Millbrae, CA. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Millbrae Education Foundation Inc 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, Millbrae Education Foundation Inc generated $456.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $484.4k during the year ending 06/2021. While expenses have increased by 5.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO GENERATE SUSTAINABLE AND RELIABLE FUNDING TO SUPPLEMENT THE MILLBRAE SCHOOL DISTRICT, IN PARTNERSHIP WITH FAMILIES, EDUCATORS AND CIVIC ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
(1) OVER $329,000 WAS RAISED FROM OUR GENERAL CAMPAIGN, WHICH INCLUDES ONGOING CONTRIBUTIONS FROM PARENTS AND SPONSORS.(2) OVER $132,000 WAS RAISED FROM THE ANNUAL GALA EVENT.(3) $459,000 WAS DONATED TO THE MILLBRAE SCHOOL DISTRICT.(4) ABOUT $3,000 WAS MADE TO 30 FAMILIES WHO NEEDED ASSISTANCE DURING THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Pasamonte Henry President | Officer | 15 | $0 |
Usha Ranji Vice President | Officer | 15 | $0 |
Natalie Yang Vice President | Officer | 15 | $0 |
Jenny Siu Treasurer | Officer | 2 | $0 |
Stephanie Chan Secretary | Officer | 2 | $0 |
Caryn Finn Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,055 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $290,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,402 |
| Total Program Service Revenue | $0 |
| Investment income | $3,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $124,082 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $456,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $459,300 |
| Grants and other assistance to domestic individuals. | $2,975 |
| 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 | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $4,157 |
| 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 | $1,466 |
| All other expenses | $255 |
| Total functional expenses | $484,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,625 |
| Savings and temporary cash investments | $541,449 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $552,074 |
| 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 | $552,074 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $552,074 |
Grants Awarded
Over the last fiscal year, Millbrae Education Foundation Inc has awarded $390,444 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MILLBRAE SCHOOL DISTRICT | | | $384,444 |
MILLBRAE PARCEL TAX CAMPAIGN | | | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Millbrae Education Foundation Inc has recieved totaling $132,027.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $78,490 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $33,450 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $10,000 |
Joseph W Welch Jr Foundation Tr San Bruno, CA PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION | $5,500 |
Koret Foundation San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $3,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,087 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |