Sonoma Valley Education Foundation
- Assets
- $783.0k
- Revenue
- $1.2m
- Investments
- $250.5k
- Employees
- 4
- Location
- Sonoma, CA
- Founding
- 10/1993
- Data as of
- 06/2023
- EIN
- 68-0279152
Organization Overview
Sonoma Valley Education Foundation is located in Sonoma, CA. The organization was established in 1993. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Sonoma Valley Education Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sonoma Valley 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 06/2023, Sonoma Valley Education Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sonoma Valley Education Foundation has awarded 12 individual grants totaling $3,050,976. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SONOMA VALLEY EDUCATION FOUNDATION EXISTS TO CULTIVATE COMMUNITY SUPPORT AND RAISE FUNDS TO ENABLE THE POTENTIAL OF EVERY STUDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE NOTE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Graham Smith Board Chair | OfficerTrustee | 4 | $0 |
Sherry Preiss Vice Chair | OfficerTrustee | 2 | $0 |
Salma Khan Wornick Secretary | OfficerTrustee | 2 | $0 |
Mark Mance Treasurer | OfficerTrustee | 2 | $0 |
Joanne Green Director | Trustee | 2 | $0 |
Mariah Hanson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,084 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,082,715 |
| Noncash contributions included in lines 1a–1f | $69,927 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,163,799 |
| Total Program Service Revenue | $0 |
| Investment income | $22,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,186,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $424,098 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $119,166 |
| Compensation of current officers, directors, key employees. | $35,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,754 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,525 |
| Payroll taxes | $22,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,403 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,681 |
| Advertising and promotion | $3,314 |
| Office expenses | $118,814 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,167 |
| Travel | $9,059 |
| 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 | $4,793 |
| All other expenses | $473 |
| Total functional expenses | $1,004,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,499 |
| Savings and temporary cash investments | $197,141 |
| 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 | $55,882 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $250,457 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $782,979 |
| Accounts payable and accrued expenses | $22,569 |
| Grants payable | $0 |
| Deferred revenue | $10,320 |
| 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 | $32,889 |
| Net assets without donor restrictions | $673,348 |
| Net assets with donor restrictions | $76,742 |
| 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 | $782,979 |
Grants Awarded
Over the last fiscal year, Sonoma Valley Education Foundation has awarded $353,310 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SONOMA VALLEY UNIFIED SCHOOL DISTRICT PURPOSE: Preschool for All | $194,388 |
KIMZIN CREATIVE LLC PURPOSE: Creative Campus | $65,050 |
BOYS AND GIRLS CLUB OF SONOMA VALLEY PURPOSE: Youth Development Internship | $25,222 |
DONORS CHOOSE PURPOSE: Classroom Grants | $25,000 |
SONOMA ECOLOGY CENTER PURPOSE: Outdoor Science Spring & Summer Day Camps | $8,650 |
SVHS MEDIA ARTS PURPOSE: Media Arts | $10,000 |