Educational Resource Development Trust
- Assets
- $5.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 08/1976
- Data as of
- 06/2022
- EIN
- 51-0153563
Organization Overview
Educational Resource Development Trust is located in Santa Monica, CA. The organization was established in 1976. 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. Educational Resource Development Trust 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, Educational Resource Development Trust generated $3.2m 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 (6.9%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ARRANGES STUDENT EXCHANGES WHEREBY FOREIGN STUDENTS LIVE WITH AN AMERICAN FAMILY WHILE ATTENDING HIGH SCHOOL 480 STUDENTS PARTICIPATED
THE FOUNDATION ARRANGES SHORT-TERM INDIVIDUAL AND GROUP VISITATIONS WHEREBY FOREIGN GROUPS ARE INTRODUCED TO AMERICAN CULTURE 62 INDIVIDUALS PARTIC
THE FOUNDATION PLACES INTERNATIONAL UNIVERSITY-AGE STUDENTS WITH US EMPLOYERS FOR A PERIOD OF UP TO 4 MONTHS DURING THE STUDENTS SUMMER ABROAD 232 PARTIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Coffman Employee | 40 | $178,930 | |
Kelli Jones President | 40 | $151,408 | |
Leslie Davidson Employee | 40 | $84,900 | |
Tracy Gautier Employee | 40 | $79,460 | |
Emily Pesavento Employee | 40 | $66,900 | |
Colin Churchill Director | 0 | $66,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $43 |
| Dividends & Interest | $184,300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$97,962 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,080,486 |
| Total Revenue | $3,166,867 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $251,788 |
| Other employee salaries and wages | $1,045,791 |
| Pension plans, employee benefits | $210,916 |
| Interest | $0 |
| Taxes | $105,041 |
| Depreciation | $0 |
| Occupancy | $38,878 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,264,583 |
| Total operating and administrative expenses | $3,133,382 |
| Contributions, gifts, grants paid | $1,300 |
| Total expenses and disbursements | $3,134,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,531 |
| Savings and temporary cash investments | $5,349,799 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $131,604 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,001 |
| Total assets | $5,533,935 |
| Accounts payable and accrued expenses | $104,337 |
| Grants payable | $0 |
| Deferred revenue | $2,456,888 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,561,225 |
Grants Awarded
Over the last fiscal year, Educational Resource Development Trust has awarded $1,300 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HDCF PURPOSE: IN FURTHERANCE OF THEIR EXEMPT PURPOSE | $500 |
MUSTANG RESCUE PURPOSE: IN FURTHERANCE OF THEIR EXEMPT PURPOSE | $500 |
AMERICAN HIGH SCHOOL PURPOSE: IN FURTHERANCE OF THEIR EXEMPT PURPOSE | $200 |
ASB PURPOSE: IN FURTHERANCE OF THEIR EXEMPT PURPOSE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |