Los Gatos Education Foundation
- Assets
- $1.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Gatos, CA
- Founding
- 05/1983
- Data as of
- 06/2023
- EIN
- 94-2874929
Organization Overview
Los Gatos Education Foundation is located in Los Gatos, CA. The organization was established in 1983. 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. Los Gatos 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 06/2023, Los Gatos Education Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 15.2% per year over the past 7 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.
Since 2017, Los Gatos Education Foundation has awarded 15 individual grants totaling $7,220,217. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LOS GATOS EDUCATION FOUNDATION IS TO ENSURE THAT THE CHILDREN OF THE LOS GATOS UNION SCHOOL DISTRICT RECEIVE AN EDUCATION THAT INCLUDES ART TEACHERS, ART DOCENTS PROGRAMS, HEALTH CLERKS, LIBRARY SERVICES, LITERACY SPECIALISTS, MATH SPECIALISTS, MUSIC TEACHERS, ELECTIVE TEACHERS, COUNSELORS AND PHYSICAL EDUCATION SPECIALISTS, WHICH ARE NOT FULLY FUNDED BY TAX DOLLARS. LGEF PROGRAMS SERVE ALL 2,650 STUDENTS AT BLOSSOM HILL, DAVES AVENUE, LEXINGTON, LOUISE VAN METER ELEMENTARY SCHOOLS AND RJ FISHER MIDDLE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LGEF DISTRIBUTED $1,578,217 IN PUBLIC EDUCATION GRANTS DURING THE YEAR ENDING JUNE 30, 2023, WHICH BENEFITTED 2,650 STUDENTS IN THE 5 SCHOOLS OF THE LOS GATOS UNION SCHOOL DISTRICT: BLOSSOM HILL, DAVES AVENUE, LEXINGTON, AND LOUISE VAN METER ELEMENTARY SCHOOLS AND RJ FISHER MIDDLE SCHOOL. LGEF PROGRAMS BENEFIT EVERY CHILD IN THE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Weinstein Executive Dir. | Trustee | 40 | $90,000 |
Karin Lutton Business Mgr | Trustee | 20 | $36,400 |
Amanda Sullins Co-Treasurer | Trustee | 1 | $0 |
Jen Shapiro Vice President | OfficerTrustee | 1 | $0 |
Beth Jackson Co-Treasurer | Trustee | 5 | $0 |
Beth Stark Secretary | Trustee | 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 | $1,787,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,787,272 |
| Total Program Service Revenue | $0 |
| Investment income | $1,592 |
| 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 | $1,788,864 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,578,217 |
| 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. | $126,400 |
| Compensation of current officers, directors, key employees. | $126,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,908 |
| 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 | $9,514 |
| Advertising and promotion | $21,240 |
| Office expenses | $554 |
| Information technology | $18,010 |
| 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 | $525 |
| All other expenses | $316 |
| Total functional expenses | $1,775,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $588,844 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $305,464 |
| 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 | $699,091 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,593,399 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,578,217 |
| 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 | $12,047 |
| Total liabilities | $1,590,264 |
| Net assets without donor restrictions | $3,135 |
| 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 | $1,593,399 |
Grants Awarded
Over the last fiscal year, Los Gatos Education Foundation has awarded $1,578,217 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ART DOCENTS PURPOSE: Educational | $36,000 |
LG CATS PURPOSE: Local Business Sponsorships | $23,217 |
LOS GATOS UNION SCHOOL DIST PURPOSE: Educational | $1,519,000 |