Bay Education Fund
- Assets
- $765.4k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- Data as of
- 06/2023
- EIN
- 87-4788862
Organization Overview
Bay Education Fund, operating under the name Bay Ed Fund, is located in Oakland, CA. 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. Bay Ed Fund 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, Bay Ed Fund generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUILD A COMMUNITY INVESTMENT FUND THAT CATALYZES LOCAL MOVEMENTS AND TRANSFORMS DISTRICT CAPACITY BY BRINGING TOGETHER FAMILIES,COMMUNITIES, TEACHERS, DISTRICT LEADERS, AND PHILANTHROPY TO CO-DESIGN A VISION FOR STUDENTS AND IMPLEMENT PROVEN SOLUTIONS FOR CHANGE IN SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTH SAN FRANCISCO - IN CLOSE PARTNERSHIP WITH SOUTH SAN FRANCISCO UNIFIED SCHOOL DISTRICT AND COMMUNITY LEADERS, WE GATHERED DIVERSE STAKEHOLDERS TO CO-DESIGN A PORTRAIT OF A GRADUATE, A VISION FOR WHAT STUDENTS WILL LEARN DURING THEIR TIME IN SCHOOL. WE OPERATED A FAMILY LEADERS FELLOWSHIP PROGRAM WHERE AN ADDITIONAL 25 FAMILY MEMBERS LEARNED HOW TO SUPPORT THEIR STUDENTS AND WORK FOR EDUCATIONAL IMPROVEMENTS. FOR INTERESTED FAMILY LEADERS, WE HOSTED GATHERINGS TO ORGANIZE AROUND THEIR NEW EFFORTS TO IMPROVE EDUCATION. WE ALSO MET IMMEDIATE NEEDS FOR THE DISTRICT, INCLUDING FACILITATING EDUCATORS TO DESIGN THEIR IDEAL EDUCATOR APPRECIATION EFFORT AND MAKING THAT EFFORT A REALITY.
RAVENSWOOD - WE WORKED CLOSELY WITH RAVENSWOOD CITY SCHOOL DISTRICT TO DESIGN AND PREPARE FOR A COMMUNITY-LED VISIONING PROCESS TO BE LAUNCHED IN THE FALL OF 2023. THIS RESULTED IN ESTABLISHING THE RIGHT PARTNERSHIPS AND BOARD APPROVAL OF THE PARTNERSHIPS AND APPROACH. WE ALSO HELPED THE DISTRICT MEET IMMEDIATE NEEDS, INCLUDING CANVASING TO SURVEY FAMILY MEMBERS AND DEVELOPING A VIDEO TO SUPPORT RECRUITING TALENTED LEADERS.
COMMUNITY EXPLORATION - WE CONTINUED TO ENGAGE SCHOOL DISTRICTS THAT COULD BE A GOOD MATCH FOR OUR PROGRAMS AND IDENTIFIED VALUES AND GOALS ALIGNMENT WITH OAK GROVE DISTRICT. WE ARE CONTINUING TO EXPLORE LAUNCHING WORK WITH THEM IN EARLY 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Keys Managing Partner | OfficerTrustee | 65 | $0 |
Ash Solar Secretarypartner | OfficerTrustee | 65 | $0 |
Tammy Crown President | OfficerTrustee | 3 | $0 |
Michelle Boyers Treasurer | 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 | $1,038,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,038,322 |
| Total Program Service Revenue | $0 |
| Investment income | $855 |
| 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 | $1,039,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,000 |
| Grants and other assistance to domestic individuals. | $63,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $277,857 |
| Compensation of current officers, directors, key employees. | $100,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,643 |
| Pension plan accruals and contributions | $21,722 |
| Other employee benefits | $29,192 |
| Payroll taxes | $31,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,218 |
| Fees for services: Accounting | $12,436 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $377,602 |
| Advertising and promotion | $0 |
| Office expenses | $3,421 |
| Information technology | $3,169 |
| Royalties | $0 |
| Occupancy | $5,463 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,248 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,384 |
| All other expenses | $0 |
| Total functional expenses | $1,097,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $720,410 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,286 |
| Accounts receivable, net | $405 |
| 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 | $6,252 |
| 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 | $765,353 |
| Accounts payable and accrued expenses | $34,949 |
| 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 | $34,949 |
| Net assets without donor restrictions | $730,404 |
| 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 | $765,353 |
Grants Awarded
Over the last fiscal year, Bay Education Fund has awarded $46,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH SAN FRANCISCO CALIFORNIA TA PURPOSE: Program | $6,000 |
SOUTH SAN FRANCISCO EDUCATION FDN PURPOSE: Program | $20,000 |
TEACHSTART SCOOT EDUCATION PURPOSE: Program | $20,000 |