Coronado Schools Foundation
- Assets
- $9.1m
- Revenue
- $893.5k
- Investments
- $8.6m
- Employees
- 5
- Location
- Coronado, CA
- Founding
- 03/1982
- Data as of
- 06/2023
- EIN
- 94-2745484
Organization Overview
Coronado Schools Foundation is located in Coronado, CA. The organization was established in 1982. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Coronado Schools Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coronado 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 06/2023, Coronado Schools Foundation generated $893.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.3m 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
THROUGH COMMUNITY INVOLVEMENT AND SUPPORT, CORONADO SCHOOLS FOUNDATION RAISES AND MANAGES FUNDS TO PROVIDE EXCEPTIONAL LEARNING EXPERIENCES FOR ALL CORONADO UNIFIED SCHOOL DISTRICT STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF SCHOOL SITE PROGRAM GRANTS WITHIN THE CORONADO UNIFIED SCHOOL DISTRICT (CUSD) IS TO ENRICH THE QUALITY OF THE CURRICULUM AND PROVIDE EXCEPTIONAL LEARNING EXPERIENCES FOR ALL CUSD STUDENTS. THESE PRIORITIES ARE IDENTIFIED BY THE SITE STRATEGIC PLANS OF EACH CUSD CAMPUS WHICH HAVE BEEN APPROVED BY THE RESPECTIVE STRATEGIC PLANNING COMMITTEES, CONSISTING OF TEACHERS, STUDENTS, PARENTS, ADMINISTRATORS, AND COMMUNITY MEMBERS, AS WELL AS THE CUSD GOVERNING BOARD. THESE GRANTS FUND TWO PATHWAYS: STEM - SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS AND ART - FOCUS ON VISUAL, PERFORMING AND DIGITAL ARTS.
DISTRICT PROGRAM FUNDING INLUDES TELETHON EVENT SUPPORT TO CORONADO MIDDLE AND HIGH SCHOOLS. CORONADO SCHOOLS FOUNDATION ENVISIONS A PUBLIC SCHOOLS COMMUNITY THAT PROVIDES STUDENTS AN OPPORTUNITY TO LEARN, THRIVE, AND REACH THEIR HIGHEST POTENTIAL TODAY AND INTO THEIR FUTURE.
SCHOLARSHIPS FOR MULTIPLE GRADUATING CORONADO HIGH SCHOOL SENIORS FROM PRIVATE DONORS AS WELL AS ENDOWED SCHOLARSHIPS WITHIN CORONADO SCHOOLS FOUNDATION FIDELITY INVESTMENT ACCOUNTS. THE CORONADO HIGH SCHOOL SENIOR AWARDS COMMITTEE MEMBERS MAKE THE DETERMINATION AS TO THE RECIPIENT(S) OF EACH AWARD BASED ON CRITERIA ESTABLISHED BY THE DONOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Mcbride Chair | OfficerTrustee | 3 | $0 |
Katy Bennett Little Vice Chair | OfficerTrustee | 1 | $0 |
Katie Hart Secretary | OfficerTrustee | 1 | $0 |
Paige Shuman Treasurer | OfficerTrustee | 3 | $0 |
Sean Clancy Board Member | Trustee | 1 | $0 |
Pilialoha Estall Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $374,970 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $398,867 |
| Noncash contributions included in lines 1a–1f | $12,230 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $773,837 |
| Total Program Service Revenue | $53,960 |
| Investment income | $168,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$136,210 |
| Net Income from Fundraising Events | $33,290 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $893,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $795,489 |
| Grants and other assistance to domestic individuals. | $51,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,102 |
| Compensation of current officers, directors, key employees. | $24,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,063 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,361 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,811 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,618 |
| 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 | $3,501 |
| Insurance | $28,935 |
| All other expenses | $2,283 |
| Total functional expenses | $1,294,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,716 |
| Savings and temporary cash investments | $314,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,833 |
| 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 | $50,588 |
| Net Land, buildings, and equipment | $9,997 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,574,200 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,078,590 |
| Accounts payable and accrued expenses | $36,246 |
| Grants payable | $274,720 |
| Deferred revenue | $25,000 |
| 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 | $335,966 |
| Net assets without donor restrictions | $5,729,639 |
| Net assets with donor restrictions | $3,012,985 |
| 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 | $9,078,590 |
Grants Awarded
Over the last fiscal year, Coronado Schools Foundation has awarded $758,132 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CORONADO UNIFIED SCHOOL DISTRICT PURPOSE: TO PROVIDE FUNDING FOR TECHNOLOGY RESOURCE TEACHER AND OTHER ESSENTIAL FUNDING. | $750,052 |
VILLAGE PTO PURPOSE: TO FURTHER GOALS OF IMPROVING SCHOOLS BY SUPPORTING TEACHERS AND SCHOOLS. | $1,796 |
CORONADO MIDDLE SCHOOL PTO PURPOSE: TO FURTHER GOALS OF IMPROVING SCHOOLS BY SUPPORTING TEACHERS AND SCHOOLS. | $1,696 |
CORONADO HIGH SCHOOL PTO PURPOSE: TO FURTHER GOALS OF IMPROVING SCHOOLS BY SUPPORTING TEACHERS AND SCHOOLS. | $1,796 |
SILVER STRAND PTO PURPOSE: TO FURTHER GOALS OF IMPROVING SCHOOLS BY SUPPORTING TEACHERS AND SCHOOLS. | $1,596 |
ISLANDER SPORTS FOUNDATION PURPOSE: TO FURTHER GOALS OF IMPROVING SCHOOLS BY SUPPORTING TEACHERS AND SCHOOLS. | $1,196 |