Manhattan Beach Education Foundation
- Assets
- $7.9m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Manhattan Beach, CA
- Founding
- 02/1984
- Data as of
- 06/2021
- EIN
- 95-3881166
Organization Overview
Manhattan Beach Education Foundation is located in Manhattan Beach, CA. The organization was established in 1984. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Manhattan Beach Education Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manhattan Beach 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 06/2021, Manhattan Beach Education Foundation generated $6.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $8.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Manhattan Beach Education Foundation has awarded 16 individual grants totaling $52,962,553. 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
THE FOUNDATION RAISES FUNDS FOR THE PURPOSE OF SUPPORTING EDUCATION IN THE MANHATTAN BEACH UNIFIED SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MBEF GRANTS TO THE MANHATTAN BEACH UNIFIED SCHOOL DISTRICT PAY FOR TEACHERS AND EDUCATORS' SALARIES AND OTHER ACADEMIC AND ENRICHMENT PROGRAM COSTS. THE GRANTS ARE SPREAD OUT OVER EACH OF THE DISTRICT'S SEVEN SCHOOLS WHICH SERVE APPROXIMATELY 5,981 STUDENTS.
MBEF CONTRIBUTES ANNUALLY TO THE MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary Mahan Executive Director | Officer | 32 | $132,192 |
David Brennan Director Of Development & Partnership | 32 | $115,631 | |
Scott Rosenthal President | OfficerTrustee | 10 | $0 |
Michelle Cormack Treasurer | OfficerTrustee | 2 | $0 |
Alice Kuo Vice President | OfficerTrustee | 5 | $0 |
Kate Bergin Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $887,189 |
| Related organizations | $999,417 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,139,698 |
| Noncash contributions included in lines 1a–1f | $516,476 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,026,304 |
| Total Program Service Revenue | $0 |
| Investment income | $5,927 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$104,102 |
| Net Income from Gaming Activities | -$3,360 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,989,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,586,935 |
| 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. | $140,269 |
| Compensation of current officers, directors, key employees. | $28,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,723 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,640 |
| Advertising and promotion | $0 |
| Office expenses | $30,475 |
| Information technology | $19,674 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,116 |
| Insurance | $11,777 |
| All other expenses | $0 |
| Total functional expenses | $8,214,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,498,509 |
| Savings and temporary cash investments | $10,967 |
| Pledges and grants receivable | $11,488 |
| Accounts receivable, net | $96,932 |
| 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 | $29,252 |
| Net Land, buildings, and equipment | $4,014 |
| Investments—publicly traded securities | $5,199,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,000 |
| Total assets | $7,915,914 |
| Accounts payable and accrued expenses | $20,130 |
| Grants payable | $1,784,016 |
| 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 | $374,489 |
| Total liabilities | $2,178,635 |
| Net assets without donor restrictions | $5,273,675 |
| Net assets with donor restrictions | $463,604 |
| 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 | $7,915,914 |
Grants Awarded
Over the last fiscal year, Manhattan Beach Education Foundation has awarded $7,586,935 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MANHATTAN BEACH UNIFIED SCHOOL DISTRICT PURPOSE: TO SUPPORT EDUCATION | $7,259,771 |
Manhattan Beach, CA PURPOSE: ANNUAL CONTRIBUTION TO ENDOWMENT FUND | $327,164 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Manhattan Beach Education Foundation has recieved totaling $1,087,633.
| Awarding Organization | Amount |
|---|---|
Windsong Tr Manhattan Beach, CA PURPOSE: LIBRARY SPECIALISTS AND AT-RISK COUNSELORS | $300,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $241,058 |
Skechers Foundation Manhattan Beach, CA PURPOSE: GENERAL SUPPORT | $100,713 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $69,604 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $69,604 |
Whimsie Fund Malvern, PA PURPOSE: GRANT TO ANOTHER 501(C)(3) ORGANIZATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Delphi Schools Inc Sheridan, OR | $68,746,624 | $17,868,394 |