Redwood City Education Foundation
- Assets
- $1.7m
- Revenue
- $590.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Redwood City, CA
- Founding
- 06/1996
- Data as of
- 07/2023
- EIN
- 94-2903141
Organization Overview
Redwood City Education Foundation is located in Redwood City, CA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redwood City Education 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 07/2023, Redwood City Education Foundation generated $590.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $823.5k during the year ending 07/2023. While expenses have increased by 7.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE REDWOOD CITY EDUCATION FOUNDATION INVESTS IN PEOPLE AND ORGANIZATIONS WORKING TO PROVIDE A WORLD-CLASS PUBLIC EDUCATION FOR EVERY STUDENT IN THE REDWOOD CITY SCHOOL DISTRICT. WE RALLY OUR ENTIRE COMMUNITY TO HELP BRIDGE THE GAP BETWEEN THE RESOURCES OUR DISTRICT HAS AND THE RESOURCES OUR CHILDREN NEED TO BE SUCCESSFUL IN SCHOOL. WE CONVENE LEADERS ACROSS THE CITY TO SUPPORT OUR COMMON GOAL: A GREAT PUBLIC EDUCATION FOR EVERY CHILD IN OUR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REDWOOD CITY EDUCATION FOUNDATION INVESTS IN PEOPLE AND ORGANIZATIONS WORKING TO PROVIDE A WORLD-CLASS PUBLIC EDUCATION FOR EVERY STUDENT IN THE REDWOOD CITY SCHOOL DISTRICT THROUGH VARIOUS PROGRAMS OF SIMILAR NATURE. THESE PROGRAMS INCLUDE: 1) THE MUSIC FOR LEARNING PROGRAM: RCEF IS THE SOLE PROVIDER OF CLASSROOM MUSIC EDUCATION FOR ALL REDWOOD CITY SCHOOL DISTRICT STUDENTS IN GRADES 2 THROUGH 5 AT 12 SCHOOLS. ABOUT 4,000 STUDENTS PARTICIPATE IN THE PROGRAM. RCEF PROVIDES SUPPLEMENTAL FUNDING FOR INSTRUMENTAL MUSIC FOR RCSD MIDDLE SCHOOL STUDENTS. RCEF DIRECTLY SUPPORTS THE RCSD AND THEY SUBCONTRACT TEACHING, MANAGEMENT AND THE PURCHASE OF INSTRUMENTS. THE DISTRICT'S INSTRUMENTAL MUSIC PROGRAM BUILDS ON THE TRAINING STUDENTS RECEIVE IN GRADES 2 THROUGH 5, AND PREPARES STUDENTS FOR HIGH SCHOOL ORCHESTRA, BAND, AND OTHER MUSIC STUDIES. THE RCEF IS FUNDING ONE OF THREE TEACHERS PROVIDING INSTRUMENTAL MUSIC INSTRUCTION FOR 6TH THROUGH 8TH GRADERS. 2) ONE THOUSAND REDWOOD CITY FIFTH GRADERS SPEND AN ACTION-FILLED WEEK AT JONES GULCH, NEAR LA HONDA, EXPLORING THE NATURAL ENVIRONMENT AND DEVELOPING SKILLS IN SCIENCE, MATHEMATICS, AND LANGUAGE ARTS THROUGH THE OUTDOOR EDUCATION PROGRAM. THE WELLNESS PROGRAM FOCUSES ON PROMOTING PHYSICAL FITNESS. THE PROGRAM ENCOURAGES PHYSICAL ACTIVITY SO THEY MAY DO THEIR BEST AT SCHOOL AND AT HOME. CURRENTLY OUR PARADE RUN AND OKTOBERUN RACES PROVIDE FITNESS OPPORTUNITIES THROUGH TRAINING AND RUNNING FOR OUR STUDENTS AND THEIR FAMILIES. 3) SMART GRANTS IS TO BRING INNOVATION INTO THE CLASSROOM IN THE AREAS OF MATH, SCIENCE, TECHNOLOGY, AND THE ARTS. THIS PROGRAM IS MANAGED BY RCSD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Petrello President | OfficerTrustee | 2 | $0 |
Alana Ballon Vice Preside | OfficerTrustee | 2 | $0 |
Ed Yee Treasurer | OfficerTrustee | 2 | $0 |
Ann Hynecek Secretary | OfficerTrustee | 2 | $0 |
Dr John Baker Member | Trustee | 2 | $0 |
Jodie Antypas Member | Trustee | 2 | $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 | $576,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $576,225 |
| Total Program Service Revenue | $0 |
| Investment income | $13,901 |
| 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 | $590,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $339,402 |
| 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. | $90,417 |
| Compensation of current officers, directors, key employees. | $67,813 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $172,171 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $201,883 |
| Advertising and promotion | $4,286 |
| Office expenses | $279 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,028 |
| 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 | $4,016 |
| All other expenses | $400 |
| Total functional expenses | $823,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,023 |
| Savings and temporary cash investments | $1,304,336 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,679,359 |
| Accounts payable and accrued expenses | $43 |
| 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 | $43 |
| Net assets without donor restrictions | $1,679,316 |
| 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 | $1,679,359 |
Grants Awarded
Over the last fiscal year, Redwood City Education Foundation has awarded $291,787 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
REDWOOD CITY SCHOOL DISTRICT PURPOSE: MUSIC FOR LEARNING | $202,787 |
REDWOOD CITY SCHOOL DISTRICT PURPOSE: ADVOCACY | $25,000 |
REDWOOD CITY SCHOOL DISTRICT PURPOSE: SMART GRANTS | $64,000 |