Smart & Final Education Foundation
- Assets
- $2.7m
- Revenue
- $227.2k
- Investments
- $2.6m
- Employees
- 0
- Location
- Commerce, CA
- Founding
- 10/2001
- Data as of
- 12/2023
- EIN
- 95-4800664
Organization Overview
Smart & Final Education Foundation is located in Commerce, CA. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Smart & Final 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 12/2023, Smart & Final Education Foundation generated $227.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $156.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO SMART & FINAL STORES LLC EMPLOYEES AND DEPENDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tetsu Tanimoto Chairman & Director | 1 | $0 | |
Richard Phegley CFO & Director | 1 | $0 | |
John Bonicatto Director | 1 | $0 | |
Donald Butterfield Director | 1 | $0 | |
Cynthia Mccloud Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $93,000 |
| Interest on Savings | $1,443 |
| Dividends & Interest | $62,029 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,773 |
| Capital Gain Net Income | $70,773 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $227,245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $669 |
| Total operating and administrative expenses | $46,314 |
| Contributions, gifts, grants paid | $109,639 |
| Total expenses and disbursements | $155,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,957 |
| Net Accounts receivable | $775 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,617,911 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,667,643 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $631 |
| Total liabilities | $631 |
Grants Awarded
Over the last fiscal year, Smart & Final Education Foundation has awarded $150,000 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
JEOFF ROSENBERRY PURPOSE: SCHOLARSHIPS FOR STUDENTS ATTENDING SCHOOLS | $5,000 |
AHMED AL YAQOOBI PURPOSE: SCHOLARSHIPS FOR STUDENTS ATTENDING SCHOOLS | $2,000 |
MEGAN T AGUAYO PURPOSE: SCHOLARSHIPS FOR STUDENTS ATTENDING SCHOOLS | $2,500 |
TATIANA F ALDANA PURPOSE: SCHOLARSHIPS FOR STUDENTS ATTENDING SCHOOLS | $1,000 |
SIENA C ALLNUTT PURPOSE: SCHOLARSHIPS FOR STUDENTS ATTENDING SCHOOLS | $1,000 |
AARON E AVILA PURPOSE: SCHOLARSHIPS FOR STUDENTS ATTENDING SCHOOLS | $2,000 |