Petaluma Educational Fdn
- Assets
- $6.7m
- Revenue
- $1.1m
- Investments
- $5.6m
- Employees
- 20
- Location
- Petaluma, CA
- Founding
- 12/1982
- Data as of
- 06/2021
- EIN
- 94-2847212
Organization Overview
Petaluma Educational Fdn is located in Petaluma, CA. The organization was established in 1982. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Petaluma Educational Fdn employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petaluma Educational Fdn 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, Petaluma Educational Fdn generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $746.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Petaluma Educational Fdn has awarded 142 individual grants totaling $1,499,375. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PEF CREATES IMPACTFUL EDUCATIONAL OPPORTUNITIES FOR ALL STUDENTS IN OUR COMMUNITY. WE FUND PROGRAMS THAT PROMOTE CRITICAL THINKING, CREATIVITY, STUDENT WELL-BEING, AND LIFELONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ORDER TO ENHANCE THE EDUCATIONAL OPPORTUNITIES OF THE STUDENTS WITHIN THE PETALUMA HIGH SCHOOL DISTRICT BOUNDARIES, THE FOUNDATION HAS SEVERAL SCHOLARSHIP PROGRAMS THAT HAVE BEEN ESTABLISHED TO AWARD GRADUATING SENIORS BOUND FOR COLLEGE. SCHOLARSHIPS ARE AWARDED BASED ON INDIVIDUAL SCHOLARSHIP CRITERIA OF GRADES, COMMUNITY SERVICE AND SCHOOL SERVICE.
IN ORDER TO PROVIDE ADDITIONAL EDUCATIONAL PROGRAMS IN THE SCHOOLS, THE FOUNDATION SOLICITS FUNDS FOR THE INVEST IN EDUCATION PROGRAM WHICH AWARDS GRANTS TO TEACHERS FOR INNOVATIVE PROGRAMS THAT ENRICH THE EDUCATION OF THE STUDENTS WITHIN THE PETALUMA HIGH SCHOOL DISTRICT BOUNDARIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Highland Maureen Executive Director | Officer | 40 | $100,305 |
Kimball Sharon Accounting Manager | Officer | 11 | $52,996 |
Rudder Maureen Secretary | OfficerTrustee | 1 | $0 |
Reardon Neal Vice President | OfficerTrustee | 1 | $0 |
Rabbitt Jane Past President | OfficerTrustee | 1 | $0 |
Mcgaughey Tim Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $63 |
| Membership dues | $0 |
| Fundraising events | $247,203 |
| Related organizations | $0 |
| Government grants | $134,273 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,787 |
| Noncash contributions included in lines 1a–1f | $35,792 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $670,326 |
| Total Program Service Revenue | $44,433 |
| Investment income | $94,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $198,023 |
| Net Income from Fundraising Events | $1,827 |
| Net Income from Gaming Activities | $19,207 |
| Net Income from Sales of Inventory | $62,342 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,090,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $133,342 |
| Grants and other assistance to domestic individuals. | $238,889 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,779 |
| Compensation of current officers, directors, key employees. | $80,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,532 |
| Pension plan accruals and contributions | $6,742 |
| Other employee benefits | $0 |
| Payroll taxes | $17,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,274 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,129 |
| Office expenses | $14,175 |
| Information technology | $17,225 |
| Royalties | $0 |
| Occupancy | $6,346 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $554 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,376 |
| Insurance | $5,206 |
| All other expenses | $0 |
| Total functional expenses | $746,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,873 |
| Savings and temporary cash investments | $829,311 |
| Pledges and grants receivable | $4,650 |
| Accounts receivable, net | $15,541 |
| 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 | $12,114 |
| Net Land, buildings, and equipment | $2,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,639,465 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,654,747 |
| Accounts payable and accrued expenses | $82,259 |
| Grants payable | $239,768 |
| Deferred revenue | $54,220 |
| 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 | $603,392 |
| Total liabilities | $979,639 |
| Net assets without donor restrictions | $0 |
| 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 | $5,675,108 |
| Total liabilities and net assets/fund balances | $6,654,747 |
Grants Awarded
Over the last fiscal year, Petaluma Educational Fdn has awarded $133,342 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
PETALUMA HIGH SCHOOL PURPOSE: EDUCATION FOR TECHNOLOGY | $10,925 |
Petaluma, CA PURPOSE: EDUCATION FOR TECHNOLOGY | $10,000 |
WAUGH SCHOOL DISTRICT PURPOSE: EDUCATION FOR TECHNOLOGY | $10,000 |
LIVE OAKS PURPOSE: EDUCATION FOR SOCIAL/EMOTIONAL EDUCATION | $9,978 |
Petaluma, CA PURPOSE: EDUCATION FOR TECHNOLOGY | $9,145 |
PETALUMA JUNIOR HIGH PURPOSE: EDUCATION FOR SOCIAL/EMOTIONAL EDUCATION | $8,617 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Petaluma Educational Fdn has recieved totaling $35,560.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $24,228 |
Community Foundation Sonoma County Santa Rosa, CA PURPOSE: FOR SCHOLARSHIPS FOR PETALUMA STUDENTS | $11,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $250 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $82 |
Endowment Analysis
| Beg. Balance | $4,257,256 |
| Earnings | $1,064,132 |
| Admin Expense | $55,431 |
| Net Contributions | $59,046 |
| Grants | $155,834 |
| Ending Balance | $5,169,168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |