Rancho Santa Fe Education Foundation
- Assets
- $7.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Rancho Santa Fe, CA
- Founding
- 11/1998
- Data as of
- 06/2021
- EIN
- 33-0787566
Organization Overview
Rancho Santa Fe Education Foundation is located in Rancho Santa Fe, CA. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rancho Santa Fe 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, Rancho Santa Fe Education Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $778.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 7 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
THE PRIMARY EXEMPT PURPOSE OF THE RANCHO SANTA FE EDUCATION FOUNDATION IS TO SUPPORT AND ENRICH THE EDUCATIONAL PROGRAM PROVIDED TO STUDENTS IN THE RANCHO SANTA FE SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RANCHO SANTA FE EDUCATION FOUNDATION PROVIDES THE RANCHO SANTA FE SCHOOL DISTRICT AN ANNUAL GRANT TO ASSIST WITH PROVIDING SMALL CLASS SIZES, FOCUSED ACADEMICS AND ROBUST ENRICHMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Salmen Chairman | OfficerTrustee | 1 | $0 |
Veronica Phung Treasurer | OfficerTrustee | 1 | $0 |
Michelle Tree Secretary | OfficerTrustee | 2 | $0 |
Kate Butler Trustee | Trustee | 1 | $0 |
Karen Wheeler Trustee | Trustee | 1 | $0 |
Kiesha Bell Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $803,573 |
| Investment income | $340,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $61,312 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,215,557 |
| Statement of Expenses | |
|---|---|
| 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 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 | $8,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,574 |
| Fees for services: Other | $12,863 |
| Advertising and promotion | $7,674 |
| Office expenses | $2,019 |
| Information technology | $3,805 |
| 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 | $778,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,807 |
| Savings and temporary cash investments | $367,343 |
| Pledges and grants receivable | $573,545 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,693,497 |
| Total assets | $7,931,192 |
| Accounts payable and accrued expenses | $3,346 |
| Grants payable | $0 |
| Deferred revenue | $8,536 |
| 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 | $11,882 |
| 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 |
| Total liabilities and net assets/fund balances | $7,919,310 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Rancho Santa Fe Education Foundation has recieved totaling $75,003.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $28,150 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $19,000 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: EDUCATION | $10,000 |
J L Taylor Fam Foundation Henderson, NV PURPOSE: EDUCATION FOR CHILDREN | $7,950 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,836 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $3,500 |
Endowment Analysis
| Beg. Balance | $5,484,153 |
| Earnings | $1,381,328 |
| Admin Expense | $29,574 |
| Net Contributions | $66,901 |
| Grants | $209,311 |
| Ending Balance | $6,693,497 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |