Belmont-Redwood Shores Public School Foundation
- Assets
- $6.4m
- Revenue
- $3.8m
- Investments
- $1.9m
- Employees
- 2
- Location
- Belmont, CA
- Founding
- 11/2001
- Data as of
- 06/2023
- EIN
- 91-2159650
Organization Overview
Belmont-Redwood Shores Public School Foundation is located in Belmont, CA. The organization was established in 2001. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Belmont-Redwood Shores Public School Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont-Redwood Shores Public School 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, Belmont-Redwood Shores Public School Foundation generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $3.5m during the year ending 06/2023. While expenses have increased by 9.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATION RAISES MONEY TO HELP SUPPLEMENT THE FUNDS OF THE BELMONT-REDWOOD SHORES SCHOOL DISTRICT FOR TEACHERS AND PROGRAMS TO ENSURE AN EXCEPTIONAL EDUCATION FOR THE CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO THE BELMONT-REDWOOD SHORES SCHOOL DISTRICT TO FUND TEACHERS, LIBRARY, MUSIC, SCIENCE, AND WRITING PROGRAMS FOR THE SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allegra Newman VP Effectiveness | OfficerTrustee | 5 | $0 |
Carisa Olivo Past President | OfficerTrustee | 5 | $0 |
Debbie Pan VP Operations | OfficerTrustee | 5 | $0 |
Ellen Chan Financial Secretary | OfficerTrustee | 5 | $0 |
Eric Bookstein Treasurer | OfficerTrustee | 8 | $0 |
Jeff Goldman Schools & Community | OfficerTrustee | 5 | $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 | $3,210,131 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,210,131 |
| Total Program Service Revenue | $0 |
| Investment income | $145,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,761 |
| Net Income from Fundraising Events | $409,363 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,769,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,091,164 |
| 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. | $184,616 |
| Compensation of current officers, directors, key employees. | $9,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,952 |
| Fees for services: Other | $32,445 |
| Advertising and promotion | $61,499 |
| Office expenses | $24 |
| 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 | $6,216 |
| All other expenses | $0 |
| Total functional expenses | $3,484,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,483,066 |
| Pledges and grants receivable | $71,754 |
| 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 | $1,850,798 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,055 |
| Total assets | $6,406,673 |
| Accounts payable and accrued expenses | $262,400 |
| 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 | $262,400 |
| Net assets without donor restrictions | $6,119,523 |
| Net assets with donor restrictions | $24,750 |
| 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 | $6,406,673 |