Clark County Public Education Foundation Inc
- Assets
- $20.6m
- Revenue
- $7.4m
- Investments
- $1.4m
- Employees
- 38
- Location
- Las Vegas, NV
- Founding
- 01/1996
- Data as of
- 09/2020
- EIN
- 88-0275767
Organization Overview
Clark County Public Education Foundation Inc is located in Las Vegas, NV. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 09/2021, Clark County Public Education Foundation Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clark County Public Education Foundation Inc 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 09/2020, Clark County Public Education Foundation Inc generated $7.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $9.2m during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PUBLIC EDUCATION FOUNDATION WORKS TO CREATE TRANSFORMATIONAL CHANGE IN TEACHING, LEARNING, AND EDUCATION LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND VARIOUS SCHOLARSHIPS, GRANTS, PROJECTS AND INITIATIVES THAT SUPPORT PUBLIC EDUCATION AND/OR FACILITATE EDUCATIONAL IMPROVEMENTS AND REFORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judi Steele Exec Comm/ce | OfficerTrustee | 40 | $201,192 |
Francisco Torres CFO | Officer | 40 | $150,115 |
Kirsten Searer President | Officer | 40 | $127,500 |
Richard Broome CEO | Officer | 40 | $15,000 |
Peter Guzman Senior Vice | OfficerTrustee | 2 | $0 |
Jan Jones Blackhurst Chairwoman | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
L37 Llc | 9/29/19 | $103,792 |
Frederick Hess | 9/29/19 | $132,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,018,266 |
| Investment income | $100,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,522 |
| Net Gain/Loss on Asset Sales | $240,150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,373,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,602,614 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $353,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,902,471 |
| 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 | $528,213 |
| Advertising and promotion | $513 |
| Office expenses | $194,580 |
| Information technology | $54,656 |
| Royalties | $0 |
| Occupancy | $45,418 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,296 |
| Interest | $91,898 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,388 |
| Insurance | $51,436 |
| All other expenses | $0 |
| Total functional expenses | $9,205,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,708,520 |
| Pledges and grants receivable | $434,378 |
| 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 | $4,584,866 |
| Prepaid expenses and deferred charges | $81,594 |
| Investments—publicly traded securities | $4,687,484 |
| Investments—other securities | $1,440,638 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,645,889 |
| Accounts payable and accrued expenses | $235,350 |
| 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 | $2,529,538 |
| Unsecured mortgages and notes payable | $377,000 |
| Other liabilities | $1,654,324 |
| Total liabilities | $4,796,212 |
| 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 | $15,849,677 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Clark County Public Education Foundation Inc has recieved totaling $498,676.
| Awarding Organization | Amount |
|---|---|
Assistance League Of Las Vegas Las Vegas, NV PURPOSE: SCHOLARSHIPS | $200,000 |
Charles And Phyllis M Frias Charitable Tr Las Vegas, NV PURPOSE: TO CONTRIBUTE TO CHARITABLE PURPOSES. | $65,017 |
Canarelli Family Foundation Las Vegas, NV PURPOSE: TEACHER PATHWAY | $50,000 |
Adelson Family Foundation Needham, MA PURPOSE: GENERAL CHARITABLE PURPOSES | $36,000 |
Nevada Community Foundation Inc Las Vegas, NV PURPOSE: CHARITABLE | $24,310 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $22,964 |
Endowment Analysis
| Beg. Balance | $251,252 |
| Earnings | $34,594 |
| Net Contributions | $3,220 |
| Ending Balance | $289,066 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Grove Institute Foundation Inc Murrieta, CA | $29,102,821 | $23,083,215 |
Taco Bell Foundation Inc Irvine, CA | $32,895,109 | $23,910,509 |
Albina Head Start Inc Portland, OR | $22,611,624 | $19,457,720 |
Orbis Cascade Alliance Portland, OR | $8,013,554 | $17,694,791 |
Albert Einstein Academies San Diego, CA | $21,189,771 | $17,379,077 |
Prospect Sierra School El Cerrito, CA | $31,201,283 | $16,565,547 |
Options Counseling Services Of Oregon Eugene, OR | $12,586,092 | $15,957,358 |
Transitions - Mental Health Association San Luis Obispo, CA | $15,943,493 | $14,891,475 |
International Myeloma Foundation Studio City, CA | $20,383,236 | $17,434,390 |
Open Networking Foundation Palo Alto, CA | $9,261,912 | $16,468,416 |
Sonoma Valley Community Health Center Sonoma, CA | $15,645,180 | $13,937,473 |
After-School All-Stars Los Angeles, CA | $10,011,535 | $13,148,528 |