Association For Educational Development-California
- Assets
- $11.5m
- Revenue
- $795.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Los Angeles, CA
- Founding
- 07/1968
- Data as of
- 12/2021
- EIN
- 94-6182681
Organization Overview
Association For Educational Development-California is located in Los Angeles, CA. The organization was established in 1968. As of 12/2021, Association For Educational Development-California employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Educational Development-California 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 12/2021, Association For Educational Development-California generated $795.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $691.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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
SUPPLEMENTARY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENCES AND ASSOCIATED PROGRAMS: AED OPERATES A NUMBER OF RESIDENCES FROM WHICH THE MAJORITY OF ITS PROGRAMS ARE CARRIED OUT; CLASSES ON CHARACTER FORMATION, PHILOSOPHY AND THEOLOGY CLASSES, AS WELL AS SEMINARS AND CLASSES FOR PROFESSIONAL DEVELOPMENT, TUTORING AND AFTER-SCHOOL PROGRAMS, ETC. PROGRAMS SERVE APPROXIMATELY 650 PEOPLE AND ARE ATTENDED BY BOTH RESIDENTS AND NON-RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Torio Treasurer/cfo | Officer | 25 | $8,000 |
Heather Lachenauer Vice President | Officer | 1 | $0 |
Maria Isabel Romea Secretary | Officer | 1 | $0 |
Jackie Taylor President | Officer | 25 | $0 |
Susan Sperlazzo Board | Trustee | 0.5 | $0 |
Jennifer Bangit Board | Trustee | 0.5 | $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 | $776,238 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $776,238 |
| Total Program Service Revenue | $19,018 |
| Investment income | $643 |
| 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 | $795,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,311 |
| 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. | $8,000 |
| Compensation of current officers, directors, key employees. | $2,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,823 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,636 |
| Payroll taxes | $5,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,883 |
| 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 | $13,306 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,935 |
| Travel | $16,143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,612 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,410 |
| Insurance | $0 |
| All other expenses | $38,242 |
| Total functional expenses | $691,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,324 |
| Savings and temporary cash investments | $1,252,884 |
| 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 | $10,123,931 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,331 |
| Other assets | $8,295 |
| Total assets | $11,468,765 |
| 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 | $523,014 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $523,014 |
| 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 | $10,945,751 |
| Total liabilities and net assets/fund balances | $11,468,765 |
Grants Awarded
Over the last fiscal year, Association For Educational Development-California has awarded $65,311 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Atherton, CA PURPOSE: OPERATIONAL | $37,300 |
New York, NY PURPOSE: OPERATIONAL | $28,011 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Association For Educational Development-California has recieved totaling $176,234.
| Awarding Organization | Amount |
|---|---|
Rosemoor Foundation Inc New York, NY PURPOSE: CAPITAL AND PROGRAM GRANTS | $176,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $84 |
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 |