Los Alamitos Education Foundation
- Assets
- $781.7k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 73
- Location
- Los Alamitos, CA
- Founding
- 01/1986
- Data as of
- 12/2022
- EIN
- 95-3756247
Organization Overview
Los Alamitos Education Foundation is located in Los Alamitos, CA. The organization was established in 1986. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2022, Los Alamitos Education Foundation employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Alamitos 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 12/2022, Los Alamitos Education Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 9.7% 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 2019, Los Alamitos Education Foundation has awarded 18 individual grants totaling $242,257. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PARTNER WITH THE LOS ALAMITOS UNIFIED SCHOOL DISCTRICT (THE "DISTRICT") TO PROVIDE INITIATIVES, PROGRAMS AND FUNDING FOR PROGRAMS THAT MEASURABLY IMPROVE STUDENT ACHIEVEMENT THROUGHOUT THE DISTRICT'S SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL ENRICHMENT PROGRAMS INCLUDING ARTS PROGRAMS FOR GRADES K-12, SPANISH AND MADARIN LANGUAGE, AND SAT PREPARATION. STUDENTS WHO WERE ELIGIBLE FOR THE "FREE OR REDUCED LUNCH" PROGRAM WITH THE DISTRICT WERE AUTOMATICALL AWARDED A REDUCTION IN FEES.
DONATIONS TO THE SCHOOL DISTRICTS. LAEF BELIEVES IN AUDACIOUS GOALS AND ITS CURRENT PROGRAMS ARE JUST THE BEGINNING. AS LAEF GROWS, THE SUCCESS OF STUDENTS AND THE GREATER COMMUNITY WILL GROW. LAEF IS ALWAYS LOOKING TO OFFER MORE SPECIALIZED CLASSES TO STAY AHEAD OF THE CURVE ON ENRICHING MINDS AND INSPIRING SUCCESS. LAEF IS CONTINUING TO RAISE FUNDS FOR THE DISTRICT TO USE AS NEEDS ARE CONSTANTLY EVOLVING; WHETHER IT CONTINUES TO BE TARGETING TEACHERS, OR A NEW PROGRAM FORESEEN BY DISTRICT ADMINISTRATION, STAFF OR PARENTS.
SUMMER SPORTS CAMPS AND SUMMER CAMPS IN THE ARTS. LOS ALAMITOS UNIFIED SCHOOL DISTRICT COACHES AND DIRECTORS TEAM UP WITH LAEF TO PROVIDE CAMPS FOR CHILDREN FROM GRADES K-12. CAMPS VARY IN LENGTH FROM ONE WEEK TO SEVEN WEEKS AND TAKE PLACE ON DISCTRICT CAMPUSES. SPORTS CAMPS INCLUDE BASKETBALL, LACROSSE, VOLLEYBALL, TRACK AND FIELD, AND WRESTLING. CAMPS IN THE ARTS INCLUDE SHOW CHOIR AND BAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Logue Executive Director | 40 | $126,750 | |
Tom Lent Immediate Chair | OfficerTrustee | 1 | $0 |
Felicia Gonzalez Board Chair | OfficerTrustee | 1 | $0 |
Ruth Anne Salau Kurkjian Secretary | OfficerTrustee | 1 | $0 |
Jon Theriault Treasurer | OfficerTrustee | 1 | $0 |
Kim Carasso Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $199,568 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $237,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $436,977 |
| Total Program Service Revenue | $1,226,192 |
| Investment income | $1,802 |
| 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 | $1,665,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,074 |
| Grants and other assistance to domestic individuals. | $59,707 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,801 |
| Compensation of current officers, directors, key employees. | $29,472 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $493,368 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,528 |
| Payroll taxes | $52,481 |
| 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 | $490,853 |
| Advertising and promotion | $2,156 |
| Office expenses | $1,058 |
| Information technology | $6,708 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $667 |
| 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 | $19,490 |
| All other expenses | $6,142 |
| Total functional expenses | $1,730,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,294 |
| Savings and temporary cash investments | $498,034 |
| 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 | $14,353 |
| 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 | $781,681 |
| Accounts payable and accrued expenses | $36,257 |
| Grants payable | $0 |
| Deferred revenue | $260,024 |
| 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 | $296,281 |
| Net assets without donor restrictions | $371,022 |
| Net assets with donor restrictions | $114,378 |
| 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 | $781,681 |
Grants Awarded
Over the last fiscal year, Los Alamitos Education Foundation has awarded $51,987 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LOS ALAMITOS HIGH SCHOOL PURPOSE: STEAM GRANTS | $10,000 |
LOS ALAMITOS USD PURPOSE: WELLNESS CENTERS, PROF DEVELOPMENT | $6,796 |
MCAULIFFE MIDDLE SCHOOL PURPOSE: STEAM | $17,191 |
WEAVER ELEMENTARY SCHOOL PURPOSE: STEAM GRANTS | $8,000 |
OAK MIDDLE SCHOOL PURPOSE: STEAM GRANTS | $10,000 |