San Luis Coastal Education Foundation
- Assets
- $12.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 2
- Location
- San Luis Obispo, CA
- Founding
- 11/2018
- Data as of
- 06/2024
- EIN
- 82-4196024
Organization Overview
San Luis Coastal Education Foundation is located in San Luis Obispo, CA. The organization was established in 2018. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2024, San Luis Coastal Education Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Luis Coastal 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 06/2024, San Luis Coastal Education Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 59.4% each year . All expenses for the organization totaled $694.9k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHEN COMMUNITY PARTNERSHIPS AND INVESTMENT FOR THE BENEFIT OF SAN LUIS COASTAL UNIFIED SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IINNOVATE PROGRAM IS A MULTI-YEAR INITIATIVE TO MEANINGFULLY AND EQUITABLY INTEGRATE 21ST CENTURY HANDS-ON LEARNING ACROSS THE SCHOOL DISTRICT'S TEN ELEMENTARY SCHOOLS. THE IINNOVATE INITIATIVE SEEKS TO REIMAGINE THE TRADITIONAL FRAMEWORK OF INSTRUCTION IN ORDER TO PREPARE STUDENTS WITH THE KNOWLEDGE AND SKILLS NECESSARY TO SUCCEED IN A CHANGING GLOBAL ECONOMY.
THE OPPORTUNITY PROGRAM IS A MULTI-FACETED AND HIGH IMPACT INITIATIVE TO ELEVATE STUDENTS PERSONALLY, ACADEMICALLY, AND SOCIALLY. EXPERIENCES THAT STUDENTS HAVE IN ELEMENTARY AND MIDDLE SCHOOL CAN LAY THE GROUNDWORK FOR FUTURE ACHIEVEMENT. RESEARCH SHOWS THAT CRITICAL PROGRAMS SUCH AS TEAM SPORTS, OUTDOOR EDUCATION AND REMOVING BARRIERS FOR FIRST GENERATION STUDENTS, HELP SET KIDS UP WITH THE ESSENTIAL SKILLS FOR FUTURE PERSONAL AND PROFESSIONAL SUCCESS. THE OPPORTUNITY PROGRAM INCLUDES MULTIPLE FUNDS WITH THE GOAL OF PARTNERING WITH THE SCHOOL DISTRICT TO OFFER A YEAR-ROUND ELEMENTARY SPORTS PROGRAM FOCUSED ON DEVELOPING STUDENT LEADERSHIP & ACADEMIC EXCELLENCE, EQUITABLE ACCESS FOR ALL STUDENTS TO EXPERIENCE OVERNIGHT SCIENCE CAMP AND REMOVING BARRIERS FOR FIRST-GENERATION STUDENTS AND EMPOWERING THEM TO REACH FOR THEIR GOALS.
THE GRANTMAKING PROGRAM SEEKS TO INSPIRE OUR STUDENT AND TEACHER PARTNERS IN EDUCATION THROUGHOUT THE SAN LUIS COASTAL UNIFIED SCHOOL DISTRICT TO DREAM BIG, BE CREATIVE AND ACCOMPLISH PROJECTS THEY NEVER BEFORE THOUGHT POSSIBLE. THE GRANTMAKING PROGRAM PROVIDES FUNDING OPPORTUNITIES THAT ARE DESIGNED TO ENCOURAGE, FACILITATE, RECOGNIZE AND REWARD INNOVATIVE AND IMPACTFUL EDUCATIONAL ACTIVITIES THAT ACCOMPLISH THE PROGRAM PRIORITIES SHARED BY THE FOUNDATION AND SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mitchell President | OfficerTrustee | 6 | $0 |
Beth Marino Secretary | OfficerTrustee | 6 | $0 |
Lyle Meek Treasurer | OfficerTrustee | 6 | $0 |
Stacey White Treasurer (part Year) | OfficerTrustee | 15 | $0 |
Ben Mcadams VP Development (part Year) | OfficerTrustee | 20 | $0 |
Matthew Woods VP Marketing | OfficerTrustee | 3 | $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 | $779,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $779,399 |
| Total Program Service Revenue | $0 |
| Investment income | $337,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,273,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $388,765 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,625 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,522 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $2,408 |
| All other expenses | $3,183 |
| Total functional expenses | $694,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $780,266 |
| Savings and temporary cash investments | $1,126,440 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,721,904 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,630,610 |
| Accounts payable and accrued expenses | $37,700 |
| 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 | $37,700 |
| Net assets without donor restrictions | $11,821,911 |
| Net assets with donor restrictions | $770,999 |
| 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 | $12,630,610 |