Moraga Educational Foundation
- Assets
- $4.8m
- Revenue
- $2.9m
- Investments
- $3.9m
- Employees
- 2
- Location
- Moraga, CA
- Founding
- 03/1982
- Data as of
- 06/2023
- EIN
- 94-2791659
Organization Overview
Moraga Educational Foundation is located in Moraga, CA. The organization was established in 1982. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Moraga Educational Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moraga Educational 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, Moraga Educational Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. While expenses have increased by 3.6% 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.
Since 2015, Moraga Educational Foundation has awarded 18 individual grants totaling $19,758,734. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MORAGA EDUCATION FOUNDATION IS A NON- PROFIT ORGANIZATION WHICH COLLECTS FINANCIAL RESOURCES FROM WITHIN THE COMMUNITY TO FUND PROGRAMS IN MORAGA SCHOOLS. THESE PROGRAMS BENEFIT THE STUDENTS ATTENDING CAMINO PABLO, DONALD RHEEM AND LOS PERALES ELEMENTARY SCHOOLS, AND (CONTINUED)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MORAGA EDUCATION FOUNDATION RAISES FUNDS TO PRESERVE AND ENHANCE EDUCATIONAL OPPORTUNITIES FOR ALL MORAGA PUBLIC SCHOOL STUDENTS, THROUGH A BROAD-BASED COMMUNITY EFFORT. WE BELIEVE THAT TOGETHER THE ENTIRE COMMUNITY CAN BUILD A BETTER FUTURE FOR OUR CHILDREN CONSISTENT WITH THE EDUCATIONAL GOALS OF THE MORAGA SCHOOL DISTRICT AND CAMPOLINDO HIGH SCHOOL.DURING THE YEAR ENDED JUNE 30, 2023, MORAGA EDUCATION FOUNDATION RAISED OVER $2,522,501 IN CONTRIBUTIONS FROM THE COMMUNITY WHICH INCLUDED PARENTS AND BUSINESS PARTNERS. THIS ALLOWED MEF TO EXPEND $2,550,014 IN DIRECT MONETARY SUPPORT FOR EDUCATIONAL PROGRAMS AT THE ELEMENTARY, INTERMEDIATE, AND HIGH SCHOOLS IN THE MORAGA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Matranga Exec Director | Officer | 40 | $59,238 |
Ana Moon President | OfficerTrustee | 4 | $0 |
Gita Kesiraju Vice President | OfficerTrustee | 4 | $0 |
Marc Carrasco Treasurer | OfficerTrustee | 4 | $0 |
Nancy Kendzierski Fin Secretary | OfficerTrustee | 4 | $0 |
Jenny Adams Rec Secretary | OfficerTrustee | 4 | $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 | $2,612,082 |
| Noncash contributions included in lines 1a–1f | $29,932 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,612,082 |
| Total Program Service Revenue | $0 |
| Investment income | $75,590 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $209,820 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,897,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,550,014 |
| 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. | $61,516 |
| Compensation of current officers, directors, key employees. | $46,137 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,724 |
| 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 | $15,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,307 |
| Fees for services: Other | $2,505 |
| Advertising and promotion | $15,074 |
| Office expenses | $7,186 |
| 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 | $2,918 |
| All other expenses | $0 |
| Total functional expenses | $2,755,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,725 |
| Savings and temporary cash investments | $535,418 |
| 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 | $0 |
| Investments—other securities | $3,895,593 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,753,736 |
| Accounts payable and accrued expenses | $39,280 |
| 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 | $39,280 |
| Net assets without donor restrictions | $4,714,456 |
| 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 | $4,753,736 |
Grants Awarded
Over the last fiscal year, Moraga Educational Foundation has awarded $2,550,014 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MORAGA SCHOOL DISTRICT PURPOSE: Augment School Funding | $1,600,000 |
CAMPOLINDO HIGH SCHOOL PURPOSE: Augment School Funding | $950,014 |