San Carlos Educational Foundation

Organization Overview

San Carlos Educational Foundation is located in San Carlos, CA. The organization was established in 1982. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, San Carlos Educational Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Carlos 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 06/2022, San Carlos Educational Foundation generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. While expenses have increased by 3.9% per year over the past 7 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, San Carlos Educational Foundation has awarded 18 individual grants totaling $24,245,681. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE SAN CARLOS EDUCATION FOUNDATION IS A NONPROFIT FUNDRAISING ORGANIZATION THAT HELPS THE SAN CARLOS SCHOOL DISTRICT PROVIDE A WELL-ROUNDED PUBLIC EDUCATION FOR ALL STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE GENERAL FINANCIAL SUPPORT FOR SCHOOLS IN THE SAN CARLOS SCHOOL DISTRICT WHENEVER, IN JUDGEMENT OF THE FOUNDATION BOARD OF DIRECTORS, FUNDING FROM PUBLIC SOURCES IS INADEQUATE TO PROVIDE AND MAINTAIN CONSISTENTLY HIGH QUALITY EDUCATIONAL OPPORTUNITIES FOR CHILDREN OF THE COMMUNITY. TO ASSIST IN THE DEVELOPMENT OF EDUCATIONAL PROGRAMS WHICH PROMISE SIGNIFICANT CONTRIBUTIONS TO THE EDUCATION OF STUDENTS IN DISTRICT SCHOOLS. TO PROVIDE FUNDING FOR PROGRAMS TYPICALLY PROVIDED BY DISTRICT SCHOOLS FOR WHICH PUBLIC FUNDING IS FOR ANY REASON INADEQUATE OR UNAVAILABLE.


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Board, Officers & Key Employees

Name (title)Compensation
Kathy Parmer-Lohan
Executive Director
$156,648
Alana Corso
President Emeritus
$0
Jennifer Rudy
President
$0
Susan Raymond
Treasurer
$0
Jackie King
Vp, Leadership Circle
$0
Annie Wilson
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$783,511
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,879,801
Noncash contributions included in lines 1a–1f $236,155
Total Revenue from Contributions, Gifts, Grants & Similar$3,663,312
Total Program Service Revenue$0
Investment income $147,488
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,063,917
Net Income from Fundraising Events -$54,207
Net Income from Gaming Activities $19,198
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,839,708

Grants Awarded

Over the last fiscal year, San Carlos Educational Foundation has awarded $3,272,119 in support to 2 organizations.

Grant RecipientAmount

SAN CARLOS SCHOOL DISTRICT

PURPOSE: EDUCATION

$2,815,659

SAN CARLOS CHARTER LEARNING CENTER

PURPOSE: EDUCATION

$456,460
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that San Carlos Educational Foundation has recieved totaling $2,750.

Awarding OrganizationAmount
Anna And Tuyen Truong Family Foundation

San Carlos, CA

PURPOSE: EDUCATION

$2,500
Sharon & Bob Ford Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,215,539
Earnings-$519,768
Net Contributions$500,000
Ending Balance$3,195,771

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