Long Beach Education Foundation
- Assets
- $2.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 09/1989
- Data as of
- 06/2021
- EIN
- 33-0357679
Organization Overview
Long Beach Education Foundation is located in Long Beach, CA. The organization was established in 1989. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long 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, Long Beach Education Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $838.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 6 years. 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
SUPPORT EDUCATIONAL PROGRAMS AND SERVICES WITHIN THE LONG BEACH UNIFIED DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND GRANTS GIVEN TO STUDENTS. THESE INCLUDE THE SCHOLARSHIPS IN ESCROW AWARDED TO EIGHTH GRADE STUDENTS WHO AGREE TO TAKE CHALLENGING, COLLEGE PREP CLASSES AND FINISH HIGH SCHOOL. WHEN THEY ENROLL IN COLLEGE, THEY RECEIVE THE FINANCIAL AWARD. THE FOUNDATION ALSO HONORS STUDENTS AT THE MOST INSPIRING STUDENT AWARDS DINNER AND PROVIDES SCHOOL UNIFORMS TO NEEDY STUDENTS.
SUPPORT FOR TEACHERS, SCHOOL SITES, PROGRAMS AND STUDENTS. THESE INCLUDE PROVIDING CLASSROOM SUPPORT TO TEACHERS FOR INNOVATIVE PROJECTS TO INCREASE STUDENT PERFORMANCE AND ADDITIONAL FUNDING FOR LITERACY, FIELD TRIPS AND OTHER CLASSROOM NEEDS.
EDUCARE IS FOUNDATION'S BIGGEST PROGRAM. EDUCARE PROVIDES DIRECT INTENSIVE EARLY EDUCATION AND CARE TO CHILDREN TO PROMOTE SCHOOL READINESS, REDUCE THE ACHIEVEMENT GAP AND BREAK THE CYCLE OF POVERTY BY ENHANCING THE SOCIAL AND COGNITIVE DEVELOPMENT OF CHILDREN AGES 0 TO 5 YEARS THROUGH THE PROVISION OF EVIDENCE-BASED EDUCATION, HEALTH, NUTRITIONAL, SOCIAL, AND OTHER SERVICES TO ENROLLED CHILDREN AND THEIR FAMILIES. EDUCARE WORKS TO HELP UPLIFT THE SURROUNDING COMMUNITIES AND SPARKS THE ADOPTION OF HIGH QUALITY EARLY LEARNING POLICIES AND PRACTICES THROUGHOUT THE REGION AND STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Eftychiou Secretary | OfficerTrustee | 2 | $0 |
Jennifer Geer CFO | OfficerTrustee | 12 | $0 |
Henry Fung President | OfficerTrustee | 1 | $0 |
Lucy Salazar Executive Director | OfficerTrustee | 10 | $0 |
Jeff Fellenzer Second VP | OfficerTrustee | 1 | $0 |
Dr Tiffany Brown First VP | OfficerTrustee | 2 | $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 | $1,206,494 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,206,494 |
| Total Program Service Revenue | $0 |
| Investment income | $69 |
| 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 | $1,206,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $103,611 |
| 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 | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $4,885 |
| Total functional expenses | $838,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,713,110 |
| Savings and temporary cash investments | $1,069,458 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,580 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,877,148 |
| Accounts payable and accrued expenses | $87,037 |
| 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 | $87,037 |
| Net assets without donor restrictions | $543,564 |
| Net assets with donor restrictions | $2,246,547 |
| 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 | $2,877,148 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Long Beach Education Foundation has recieved totaling $180,000.
| Awarding Organization | Amount |
|---|---|
John Apostle And Helen Apostle Foundation Newport Beach, CA PURPOSE: SOCIAL SERVICE | $150,000 |
Howmet Aerospace Foundation Pittsburgh, PA PURPOSE: FLIGHT TEST ENGINEER STEM PROJECT AT CABRILLO HIGH SCHOOL | $30,000 |
Endowment Analysis
| Beg. Balance | $91,384 |
| Earnings | $68 |
| Grants | $1,324 |
| Ending Balance | $90,128 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Education Research Foundation Culver City, CA | $2,254,205 | $2,736,646 |
East Bay Consortium Of Educational Institutions Oakland, CA | $1,599,281 | $1,564,506 |
Evaluation And Training Institute Culver City, CA | $3,314,564 | $1,741,292 |
Long Beach Education Foundation Long Beach, CA | $2,877,148 | $1,206,563 |
Archie Tonge Education Fund Pollock Pines, CA | $15,927,898 | $1,787,797 |
Association For Educational Development-California Los Angeles, CA | $11,468,765 | $795,899 |
Richard Myles Johnson Foundation Ontario, CA | $667,084 | $445,414 |
Healdsburg Education Foundation Healdsburg, CA | $1,166,990 | $256,811 |
Muessel-Ellison Memorial Trust Foundation Las Vegas, NV | $3,065,202 | $349,293 |
Foundation For World Education Inc Honolulu, HI | $2,911,230 | $197,889 |
South Coast Childrens Services Inc Pescadero, CA | $67,141 | $0 |
Washington Union Educational Fndn Salinas, CA | $81,980 | $0 |