Piedmont Educational Foundation
- Assets
- $13.5m
- Revenue
- $3.7m
- Investments
- $9.5m
- Employees
- 6
- Location
- Piedmont, CA
- Founding
- 02/1979
- Data as of
- 06/2021
- EIN
- 94-6426176
Organization Overview
Piedmont Educational Foundation is located in Piedmont, CA. The organization was established in 1979. As of 06/2021, Piedmont Educational Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Educational 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, Piedmont Educational Foundation generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Piedmont Educational Foundation has awarded 13 individual grants totaling $15,094,828. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUSTAINED FINANCIAL SUPPORT TO PIEDMONT SCHOOLS THROUGH FUNDRAISING AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO THE PIEDMONT UNIFIED SCHOOL DISTRICT TO PROVIDE PROGRAMS, SERVICES, AND ACTIVITIES THAT THE SCHOOL DISTRICT CANNOT PROVIDE FOR IN ITS BUDGET.
GRANTS TO ORGANIZATIONS THE PIEDMONT EDUCATION FOUNDATION HAS ELECTED TO SPONSOR.
ADDITIONAL FUNCTIONAL EXPENSES AS LISTED BELOW - THESE AMOUNTS REPRESENT THE PORTION ALLOCABLE TO PROGRAM SERVICES: PRINTING AND PUBLICATION $11,202SOFTWARE AND LICENSING $4,396CREDIT CARD FEES $4,212BANK FEES $10WEBSITE $2,874SALARIES $130,207PAYROLL TAXES $10,495
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Frank Executive Director | Trustee | 40 | $133,027 |
Cortney Allen Co-Vice Chair | OfficerTrustee | 2 | $0 |
John Orta Co-Vice Chair | OfficerTrustee | 2 | $0 |
Abby Scott Secretary | OfficerTrustee | 2 | $0 |
Nicki Gilbert Chair | OfficerTrustee | 2 | $0 |
Rick Smith Assistant Treasurer | 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 | $3,345,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,345,709 |
| Total Program Service Revenue | $38,380 |
| Investment income | $206,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $81,093 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,505 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,686,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,437,646 |
| 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. | $250,644 |
| Compensation of current officers, directors, key employees. | $47,048 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,020 |
| Payroll taxes | $19,642 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,887 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,187 |
| Office expenses | $2,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,020 |
| 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 | $4,771 |
| All other expenses | $15,871 |
| Total functional expenses | $3,930,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,847,486 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $59,838 |
| 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 | $21,390 |
| Prepaid expenses and deferred charges | $41,638 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,481,044 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,358 |
| Total assets | $13,462,754 |
| Accounts payable and accrued expenses | $25,499 |
| 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 | $9,218 |
| Total liabilities | $34,717 |
| Net assets without donor restrictions | $13,133,331 |
| Net assets with donor restrictions | $294,706 |
| 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 | $13,462,754 |
Grants Awarded
Over the last fiscal year, Piedmont Educational Foundation has awarded $3,436,206 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PIEDMONT UNIFIED SCHOOL DISTRICT PURPOSE: TO SUPPORT PUBLIC SCHOOLS | $3,400,792 |
PIEDMONT UNIFIED SCHOOL DISTRICT - ART AND WELLNESS PURPOSE: TO SUPPORT PUBLIC SCHOOLS | $35,414 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Piedmont Educational Foundation has recieved totaling $954,932.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $240,968 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $211,326 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $117,512 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $117,512 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $108,780 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $52,804 |
Endowment Analysis
| Beg. Balance | $7,410,341 |
| Earnings | $2,209,852 |
| Admin Expense | $26,887 |
| Net Contributions | $70,587 |
| Grants | $375,280 |
| Ending Balance | $9,288,613 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Stem Center Seattle, WA | $144,962,083 | $51,456,581 |
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
College Preparatory School Oakland, CA | $86,770,968 | $29,982,508 |
Literacy First Charter Schools El Cajon, CA | $29,290,072 | $23,446,904 |
De Toledo High School West Hills, CA | $54,114,350 | $20,796,544 |
Saybrook University Pasadena, CA | $17,039,418 | $21,644,889 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Alliance For College-Ready Public Schools Facilities Corporation Pasadena, CA | $262,311,538 | $18,102,977 |
Childrens Day School Inc San Francisco, CA | $48,363,638 | $20,220,768 |
Idaho Virtual Academy Inc Meridian, ID | $13,523,804 | $19,379,134 |