Hemet Education Foundation
- Assets
- $588.1k
- Revenue
- $56.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Hemet, CA
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 33-0416498
Organization Overview
Hemet Education Foundation is located in Hemet, CA. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Hemet 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 06/2022, Hemet Education Foundation generated $56.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $27.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HEMET EDUCATION FOUNDATION IS DEDICATED TO PROMOTING EXCELLENCE AND INNOVATION IN EDUCATION FOR THE STUDENTS OF THE HEMET UNIFIED SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PERMANENT ENDOWMENT FUND IS BEING ESTABLISHED BY CONTRIBUTIONS FROM INDIVIDUALS AND BUSINESSES. THE EARNINGS FROM THIS FUND WILL BE USED IN THE SUPPORT OF LIBRARIES AND LITERACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Breyer Co-President | OfficerTrustee | 2 | $0 |
Sue Breyer Co-President | OfficerTrustee | 2 | $0 |
Don Digby Co-Treasurer | OfficerTrustee | 1 | $0 |
Derek Jindra Co-Treasurer | OfficerTrustee | 1 | $0 |
Alex Ballard Vice President | OfficerTrustee | 1 | $0 |
Claire Doolittle Secretary | 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 | $25,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,115 |
| Total Program Service Revenue | $0 |
| Investment income | $10,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,087 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,000 |
| 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 | $795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $546 |
| Fees for services: Other | $5,245 |
| 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 | $0 |
| Total functional expenses | $27,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,750 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $545,388 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $588,138 |
| 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 | $588,138 |
| Total liabilities and net assets/fund balances | $588,138 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hemet Education Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Inland Empire Community Foundation Riverside, CA PURPOSE: Agency Distribution | $15,000 |
Endowment Analysis
| Beg. Balance | $538,428 |
| Earnings | $30,900 |
| Admin Expense | $2,796 |
| Grants | $15,000 |
| Ending Balance | $448,341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Charter Schools Clarksburg, CA | $6,835,428 | $11,158,967 |
Thomas Jefferson School Of Law San Diego, CA | $18,601,519 | $10,934,799 |
Csu Bakersfield Auxiliary For Sponsored Programs Administration Bakersfield, CA | $4,727,520 | $8,677,817 |
The University Foundation California State University Chico Chico, CA | $91,966,484 | $11,469,732 |
College For Certain Inc Oakland, CA | $162,300,050 | $19,960,533 |
San Tan Montessori School Inc Gilbert, AZ | $28,267,534 | $9,003,617 |
Nnh Support Reno, NV | $5,000 | $0 |
The Richard Nixon Foundation Yorba Linda, CA | $62,998,242 | $9,688,165 |
Great Basin College Foundation Elko, NV | $13,766,452 | $2,685,144 |
Ravenswood Education Foundation Menlo Park, CA | $10,833,886 | $9,405,979 |
University Foundation At Sacramento State Sacramento, CA | $93,463,770 | $14,749,605 |
Indian Institute Of Technology Kanpur Foundation Inc Palo Alto, CA | $2,445,670 | $9,032,117 |