Foundation For Excellence In Education
- Assets
- $11.6m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 57
- Location
- Van Nuys, CA
- Founding
- 11/1985
- Data as of
- 08/2023
- EIN
- 95-3901313
Organization Overview
Foundation For Excellence In Education, operating under the name Children's Community School, is located in Van Nuys, CA. The organization was established in 1985. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 08/2023, Children's Community School employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children's Community School 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 08/2023, Children's Community School generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $5.0m during the year ending 08/2023. While expenses have increased by 3.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR EXCELLENCE IN EDUCATION, DBA CHILDREN'S COMMUNITY SCHOOL (CCS), IS A PROGRESSIVE SCHOOL DEDICATED TO TEACHING CHILDREN TO THINK FOR THEMSELVES, COLLABORATE SUCCESSFULLY WITH OTHERS, AND TAKE RESPONSIBILITY FOR THEIR OWN EDUCATION IN A SAFE AND LOVING ENVIRONMENT. CCS EMBRACES THE PRINCIPLES OF DIVERSITY, SELF-DETERMINATION AND PARTICIPATION IN DEMOCRACY. WE FOSTER CRITICAL THINKING, AND COMPASSION AND RESPECT FOR SELF, OTHERS AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL, WITH AN ENROLLMENT OF APPROXIMATELY 103 STUDENTS FOR THE 2022/23 YEAR, PROVIDES EDUCATION TO STUDENTS FROM KINDERGARTEN THROUGH 6TH GRADE. THE SCHOOL OFFERS TUITION ASSISTANCE TO OVER 36% OF ITS STUDENTS.
CHILDREN'S COMMUNITY SCHOOL (CCS) OFFERS A SUMMER ARTS PROGRAM (CHILDREN'S ARTS INSTITUTE) THAT PROVIDES EXCELLENT SUMMER ACTIVITIES FOR ELEMENTARY SCHOOL AGE CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Henschel Past Chair | OfficerTrustee | 1 | $0 |
Kostas Sgoutas Vice Chair | OfficerTrustee | 1 | $0 |
Wendy Wallace Chairman | OfficerTrustee | 1 | $0 |
Jay Goss Treasurer | OfficerTrustee | 1 | $0 |
Joanne Belonsky Director (left 06/23) | Trustee | 1 | $0 |
Liz Camacho Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,255 |
| Related organizations | $0 |
| Government grants | $243,528 |
| All other contributions, gifts, grants, and similar amounts not included above | $276,568 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $532,351 |
| Total Program Service Revenue | $4,085,486 |
| Investment income | $219,137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $283,192 |
| Net Income from Fundraising Events | -$14,957 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,105,209 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $887,440 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $435,761 |
| Compensation of current officers, directors, key employees. | $228,302 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,722,375 |
| Pension plan accruals and contributions | $63,000 |
| Other employee benefits | $237,485 |
| Payroll taxes | $175,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,456 |
| Fees for services: Accounting | $34,456 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,163 |
| Fees for services: Other | $200,752 |
| Advertising and promotion | $64,740 |
| Office expenses | $79,230 |
| Information technology | $18,970 |
| Royalties | $0 |
| Occupancy | $146,090 |
| Travel | $249,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $132,808 |
| Interest | $36,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,022 |
| Insurance | $33,352 |
| All other expenses | $9,556 |
| Total functional expenses | $4,989,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,537 |
| Savings and temporary cash investments | $89,397 |
| Pledges and grants receivable | $112,476 |
| Accounts receivable, net | $1,254,624 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,182 |
| Prepaid expenses and deferred charges | $123,494 |
| Net Land, buildings, and equipment | $2,764,521 |
| Investments—publicly traded securities | $6,677,743 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $246,978 |
| Total assets | $11,565,952 |
| Accounts payable and accrued expenses | $19,389 |
| Grants payable | $0 |
| Deferred revenue | $3,631,917 |
| 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 | $826,519 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,226 |
| Total liabilities | $4,561,051 |
| Net assets without donor restrictions | $1,703,607 |
| Net assets with donor restrictions | $5,301,294 |
| 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 | $11,565,952 |