Portola Valley Schools Foundation
- Assets
- $6.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Portola Valley, CA
- Founding
- 05/1990
- Data as of
- 06/2021
- EIN
- 93-1012148
Organization Overview
Portola Valley Schools Foundation is located in Portola Valley, CA. The organization was established in 1990. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, 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. Portola Valley Schools 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 06/2021, Portola Valley Schools Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PV SCHOOLS FOUNDATION SEEKS TO PROVIDE GENERAL FINANCIAL SUPPORT FOR THE PV SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PORTOLA VALLEY SCHOOLS FOUNDATION WAS FORMED IN DECEMBER 1989 TO RAISE MONEY TO SUPPLEMENT THE FUNDS ALLOCATED TO THE PORTOLA VALLEY SCHOOL DISTRICT BY THE STATE OF CALIFORNIA AND TO PROVIDE PORTOLA VALLEY SCHOOLS WITH FUNDS TO ENHANCE EDUCATIONAL OPPORTUNITIES FOR ITS STUDENTS. THE FUNDS ARE DISTRIBUTED TO THE PORTOLA VALLEY SCHOOL DISTRICT AS REQUESTED BY THE SCHOOL BOARD OF TRUSTEES CONSISTENT WITH THE OPERATION OF A TAX EXEMPT FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aimee Armsby Co-President | OfficerTrustee | 7 | $0 |
Wendy Keefe Co-President | OfficerTrustee | 7 | $0 |
Jami Worthington Secretary | OfficerTrustee | 7 | $0 |
Andrew Barrows Treasurer | OfficerTrustee | 7 | $0 |
Heather Cunningham Annual Campaign Co-Chair | Trustee | 5 | $0 |
Hilary Duwe Director | Trustee | 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 | $1,003,440 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,003,440 |
| Total Program Service Revenue | $0 |
| Investment income | $96,615 |
| 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 | $1,100,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000,153 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $40,895 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,109 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,234 |
| Information technology | $16,899 |
| 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 | $11,927 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,909 |
| All other expenses | $0 |
| Total functional expenses | $1,105,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,002 |
| Savings and temporary cash investments | $1,061,356 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,638,728 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,920,086 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $4,241,410 |
| Net assets with donor restrictions | $2,678,676 |
| 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 | $6,920,086 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Portola Valley Schools Foundation has recieved totaling $475,088.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $216,068 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $196,071 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $16,642 |
Jenny Johnson Family Foundation Inc Palm Beach, FL PURPOSE: GENERAL BUDGET | $10,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $6,500 |
Endowment Analysis
| Beg. Balance | $2,678,676 |
| Ending Balance | $2,678,676 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pta California Congress Of Parents Teachers & Students Inc Sacramento, CA | $9,082,198 | $3,438,208 |
Barrio Logan College Institute San Diego, CA | $2,959,151 | $2,373,413 |
Investigative Newsource San Diego, CA | $1,931,219 | $2,112,295 |
Challenge Day Oakley, CA | $817,462 | $746,583 |
Tam High Foundation Mill Valley, CA | $2,235,843 | $891,115 |
Portola Valley Schools Foundation Portola Valley, CA | $6,920,086 | $1,100,055 |
Claremont Parent-Faculty Claremont, CA | $1,059,444 | $1,226,763 |
Friends Of Willow Tree Bonsall, CA | $532,002 | $953,888 |
P R I D E Booster Club Inc Paul Revere Middle School Los Angeles, CA | $1,237,420 | $592,629 |
Canet Foundation Sherman Oaks, CA | $13,099,314 | $949,054 |
The Womens Faculty Club Of The University Of California Inc Berkeley, CA | $1,685,423 | $392,622 |
Parents Educators-Teachers & Students In Action Granada Hills, CA | $9,855 | $727,154 |