Santa Monica Education Foundation
- Assets
- $12.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 12/1982
- Data as of
- 06/2022
- EIN
- 95-3787674
Organization Overview
Santa Monica Education Foundation is located in Santa Monica, CA. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Monica 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 06/2022, Santa Monica Education Foundation generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (27.1%) per year over the past 3 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENGAGE THE COMMUNITY TO INVEST IN A VIBRANT EDUCATIONAL EXPERIENCE FOR ALL STUDENTS IN THE SANTA MONICA PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Havel President | OfficerTrustee | 4 | $0 |
Paula Larmore Vice President | OfficerTrustee | 1 | $0 |
John R Baracy Treasurer | OfficerTrustee | 1 | $0 |
Edwin Shen Member | Trustee | 1 | $0 |
Connie Alvarez Member | Trustee | 1 | $0 |
Elyse Bennett Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,246 |
| Related organizations | $0 |
| Government grants | $94,021 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,591,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,703,375 |
| Total Program Service Revenue | $0 |
| Investment income | $259,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$134,157 |
| Net Income from Fundraising Events | $317,974 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,188,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $304,371 |
| Grants and other assistance to domestic individuals. | $202,054 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,374 |
| Compensation of current officers, directors, key employees. | $15,537 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,352 |
| Payroll taxes | $38,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,037 |
| Fees for services: Other | $12,000 |
| Advertising and promotion | $58,741 |
| Office expenses | $0 |
| Information technology | $5,827 |
| 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 | $7,028 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,530 |
| Insurance | $15,161 |
| All other expenses | $1,023 |
| Total functional expenses | $1,257,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,679,704 |
| Pledges and grants receivable | $147,821 |
| 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 | $25,645 |
| Net Land, buildings, and equipment | $2,927 |
| Investments—publicly traded securities | $10,459,466 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,315,563 |
| Accounts payable and accrued expenses | $231,018 |
| Grants payable | $36,421 |
| Deferred revenue | $14,527 |
| 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 | $281,966 |
| Net assets without donor restrictions | $1,004,782 |
| Net assets with donor restrictions | $11,028,815 |
| 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 | $12,315,563 |