San Luis Coastal Education Foundation
- Assets
- $10.5m
- Revenue
- $777.2k
- Investments
- $0.0
- Employees
- 1
- Location
- San Luis Obispo, CA
- Founding
- 11/2018
- Data as of
- 06/2022
- 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. 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 06/2022, San Luis Coastal Education Foundation generated $777.2k in total revenue. All expenses for the organization totaled $428.8k during the year ending 06/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 PROJECT-BASED LEARNING ACROSS THE DISTRICT'S TEN ELEMENTARY SCHOOLS. THE IINNOVATE INITIATIVE SEEKS TO RE-IMAGINE THE TRADITIONAL FRAMEWORK OF INSTRUCTION IN ORDER TO PREPARE STUDENTS WITH THE 21ST CENTURY SKILLS NECESSARY TO SUCCEED IN A CHANGING GLOBAL ECONOMY.
THE FOUNDATION SEEKS TO INSPIRE OUR 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 LEARNING GRANTS PROGRAM PROVIDES FOUNDATION GRANTS 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.
THE FOUNDATION HAS ESTABLISHED OPPORTUNITY FUNDS TO PROVIDE SCHOLARSHIPS AND RESOURCES TO HELP STUDENTS ACCESS TO OPPORTUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mitchell President | OfficerTrustee | 1 | $0 |
Stacey White Treasurer | OfficerTrustee | 3 | $0 |
Diane Frost VP Programs | OfficerTrustee | 3 | $0 |
Beth Marino Secretary | OfficerTrustee | 1 | $0 |
Ben Mcadams VP Development | OfficerTrustee | 5 | $0 |
Lindsey Haring VP Marketing | OfficerTrustee | 1 | $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 | $308,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $308,551 |
| Total Program Service Revenue | $0 |
| Investment income | $428,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,119 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $777,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $281,710 |
| 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 | $62,776 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,050 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,777 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,955 |
| 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 | $2,308 |
| All other expenses | $660 |
| Total functional expenses | $428,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,560 |
| Savings and temporary cash investments | $9,146,299 |
| Pledges and grants receivable | $1,000,000 |
| 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 | $10,473,859 |
| Accounts payable and accrued expenses | $23,992 |
| 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 | $23,992 |
| Net assets without donor restrictions | $10,021,268 |
| Net assets with donor restrictions | $428,599 |
| 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 | $10,473,859 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that San Luis Coastal Education Foundation has recieved totaling $35,242.
| Awarding Organization | Amount |
|---|---|
Community Foundation San Luis Obispo County San Luis Obispo, CA PURPOSE: TO UNRESTRICTED | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $242 |
Endowment Analysis
| Beg. Balance | $7,920,516 |
| Earnings | -$1,231,321 |
| Admin Expense | $37,777 |
| Net Contributions | $2,250,000 |
| Other Expense | $150,000 |
| Ending Balance | $8,751,418 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
System Management Group San Diego, CA | $174,665,064 | $68,599,184 |
American Charter Schools Foundation Phoenix, AZ | $87,939,377 | $45,500,400 |
Salesforce Com Foundation San Francisco, CA | $419,674,142 | $105,083,193 |
Foundation For Grossmont And Cuyamaca Colleges El Cajon, CA | $30,579,750 | $41,100,641 |
Archival Foundation Beverly Hills, CA | $70,496,412 | $21,253,596 |
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |