Sheen Educational Foundation
- Assets
- $885.1k
- Revenue
- $247.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Los Angeles, CA
- Founding
- 08/1974
- Data as of
- 06/2024
- EIN
- 23-7359525
Organization Overview
Sheen Educational Foundation is located in Los Angeles, CA. The organization was established in 1974. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2024, Sheen Educational Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheen Educational 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 06/2024, Sheen Educational Foundation generated $247.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $223.3k during the year ending 06/2024. While expenses have increased by 4.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A VARIED AND FLEXIBLE CURRICULUM TO UNDERSERVED YOUTH AND YOUNG ADULTS WITH FOCUS ON CRITICAL THINKING AND PERSONAL DEVELOPMENT; TO PROMOTE COMMUNITY ENRICHMENT ACTIVITIES FOR ACCULTURATION AND TO IMPROVE THE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER-SCHOOL/WEEKEND RECREATIONAL AND LITERACY PROGRAMS FOR AGES 5-18, WHICH INCLUDE 4-H ACTIVITES; A CRICKET (SPORTS) CLUB AND TEAM; A STUDENT BAKERY PROJECT FOR EARLY ENTREPRENEURIAL AND BUSINESS COGNITION; ENRICHMENT CLASSES IN THE PERFORMING ARTS, MUSIC, ART, BOXING, MARTIAL ARTS, GYMNASTICS, AND FIELD TRIPS; STUDY GROUPS FOR STUDENTS OF LOCAL HIGH SCHOOLS AND COMMUNITY COLLEGES; ACTIVITIES FOR COMMUNITY SERVICE;
ONLINE SCHOOLING FOR SHEENWAY SCHOOL IN GHANA, WEST AFRICA, INCLUDING REFURBISHMENT AND UPKEEP OF SCHOOL BUILDING AND SUPPLIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Joseph ESQ Governor | Trustee | 4 | $0 |
Pattie Ehsaei Governor | Trustee | 4 | $0 |
Arif Amlani Governor | Trustee | 4 | $0 |
Erin Blunt Governor | Trustee | 4 | $0 |
Ifeadikanwa Anyiam Governor | Trustee | 4 | $0 |
Dolores Q Sheen Chair, Bd Dirct | Officer | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,900 |
| Total Program Service Revenue | $6,791 |
| Investment income | $1,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $153,194 |
| 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 | $247,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,229 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,333 |
| Payroll taxes | $6,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,355 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,782 |
| Office expenses | $1,733 |
| Information technology | $0 |
| 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 | $4,273 |
| Insurance | $13,032 |
| All other expenses | $31,386 |
| Total functional expenses | $223,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,720 |
| Savings and temporary cash investments | $2,040 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,381 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $717,829 |
| Investments—publicly traded securities | $19,158 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $885,128 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $885,128 |
| Total liabilities and net assets/fund balances | $885,128 |