Foundation Of Palm Springs Unified School District
- Assets
- $3.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Palm Springs, CA
- Founding
- 03/2009
- Data as of
- 06/2021
- EIN
- 26-1265520
Organization Overview
Foundation Of Palm Springs Unified School District is located in Palm Springs, CA. The organization was established in 2009. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Foundation Of Palm Springs Unified School District employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of Palm Springs Unified School District 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, Foundation Of Palm Springs Unified School District generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $753.1k during the year ending 06/2021. While expenses have increased by 23.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARGED AS A 501(C)3 WITH PROVIDING A STREAM OF EXTERNAL FUNDS TO SCHOOLS WITHIN THE DISTRICT, THE FOUNDATION FOR THE PALM SPRINGS UNIFIED SCHOOL DISTRICT REPRESENTS A PUBLIC-PRIVATE PARTNERSHIP DEDICATED TO SUPPLEMENTING FEDERAL AND STATE SUPPORT OF EDUCATION. WORKING IN COLLABORATION WITH THE BOARD OF EDUCATION AND SUPERINTENDENT, THE FOUNDATION (1) HELPS TO UNDERWRITE EXISTING INITIATIVES AND PILOT NEW INITIATIVES THAT ARE UNFUNDED OR UNDERFUNDED; (2) BUILDS VISIBILITY OF THE DISTRICT'S NEEDS AMONG COMMUNITY STAKEHOLDERS AND POTENTIAL DONORS, AND (3) FUNCTIONS AS THE FISCAL AGENT FOR EXTERNAL FUNDS THAT COME TO THE DISTRICT, STEWARDING AND PROVIDING FIDUCIARY ADMINISTRATION OF SUCH RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENGAGE OUR DIVERSE COMMUNITY TO ENSURE ALL STUDENTS HAVE THE RESOURCES TO REACH THEIR FULL POTENTIAL BY FUNDING GRANTS FOR CLASSES OF THE SCHOOL DISTRICT TO PROVIDE FOR VARIOUS FINE ART AND TECHNOLOGY PROGRAMS THAT COULD OTHRWISE NOT BE AFFORDED BY THE SCHOOL DISTRICT.
ENGAGE OUR DIVERSE COMMUNITY TO ENSURE ALL STUDENTS HAVE THE RESOURCES TO REACH THEIR FULL POTENTIAL BY FUNDING GRANTS FOR CLASSES OF THE SCHOOL DISTRICT TO PROVIDE FOR VARIOUS FINE ART AND TECHNOLOGY PROGRAMS THAT COULD OTHRWISE NOT BE AFFORDED BY THE SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Bush Secretary | OfficerTrustee | $0 | |
Dan Spencer Director | OfficerTrustee | $0 | |
Mark Gauthier President | OfficerTrustee | $0 | |
Robert Hettinger Treasurer | OfficerTrustee | $0 | |
Mitch Blumberg Director | Trustee | $0 | |
Richard Clapp Director | Trustee | $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 | $715,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $715,080 |
| Total Program Service Revenue | $0 |
| Investment income | $528,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,243,965 |
| 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 | $310,196 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $228,004 |
| Advertising and promotion | $10,645 |
| Office expenses | $182,200 |
| Information technology | $4,782 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,974 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $753,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,524 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,749,574 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,246,098 |
| 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 | $3,246,098 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,246,098 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation Of Palm Springs Unified School District has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Richard Brooke Foundation Omaha, NE PURPOSE: DRONE WORKSHOPS | $25,000 |
Endowment Analysis
| Beg. Balance | $3,246,098 |
| Earnings | $528,885 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kaizen Educational Foundation Phoenix, AZ | $53,687,317 | $45,601,979 |
Music Center Foundation Los Angeles, CA | $314,452,554 | $21,090,065 |
Norton Simon Art Foundation Pasadena, CA | $402,690,558 | $10,441,452 |
Reut Usa Woodland Hills, CA | $1,442,535 | $3,682,077 |
Laurie C Mcgrath Foundation San Diego, CA | $66,075,096 | $62,426,346 |
Armenian Educational Foundation Inc Glendale, CA | $5,680,253 | $2,130,869 |
William And Joanne Miller Charitable Trust Simi Valley, CA | $69,537,632 | $4,537,991 |
Latino Public Broadcasting Los Angeles, CA | $1,965,169 | $2,106,064 |
Hack The Hood Inc Oakland, CA | $1,558,755 | $1,730,354 |
Womans Club Of Hollywood Los Angeles, CA | $248,203 | $0 |
Diablo Regional Arts Association Walnut Creek, CA | $3,333,800 | $1,541,851 |
Jack Van Sickle Foundation Reno, NV | $9,650,730 | $1,661,273 |