Echo Foundation
- Assets
- $8.7m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 78
- Location
- Culver City, CA
- Founding
- 10/1970
- Data as of
- 06/2022
- EIN
- 95-2654647
Organization Overview
Echo Foundation is located in Culver City, CA. The organization was established in 1970. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Echo Foundation employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Echo 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 06/2022, Echo Foundation generated $7.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $8.1m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ELEMENTARY SCHOOL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECHO FOUNDATION (THE ORGANIZATION) IS A NONPROFIT CORPORATION INCORPORATED IN THE STATE OF CALIFORNIA. THE ORGANIZATION WAS FOUNDED IN 1970. THE ORGANIZATION OPERATES THE ECHO HORIZON SCHOOL FOR GRADES PRE-KINDERGARTEN THROUGH SIXTH IN CULVER CITY, CALIFORNIA. ECHO SERVICED 185 STUDENTS DURING FY 21/22.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Procter Head Of School | Officer | 40 | $326,756 |
Saundra Sparks CFO | Officer | 40 | $176,232 |
Samuel Patterson Steam Coordinator | 40 | $116,557 | |
Jennie Willens Director Of Lower Elementa | 40 | $107,265 | |
Francisco Felix Director Of Technology | 40 | $105,672 | |
Akeem Ayeni Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $145,472 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $469,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $614,517 |
| Total Program Service Revenue | $6,536,305 |
| Investment income | $81,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$21,387 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$83,694 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,213,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,149,477 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $539,491 |
| Compensation of current officers, directors, key employees. | $332,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,552,335 |
| Pension plan accruals and contributions | $130,595 |
| Other employee benefits | $353,498 |
| Payroll taxes | $266,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,458 |
| Fees for services: Accounting | $25,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $162,223 |
| Advertising and promotion | $116,532 |
| Office expenses | $123,941 |
| Information technology | $178,170 |
| Royalties | $0 |
| Occupancy | $424,837 |
| Travel | $9,377 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,161 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $238,919 |
| Insurance | $99,416 |
| All other expenses | $16,782 |
| Total functional expenses | $8,096,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,211 |
| Savings and temporary cash investments | $2,056,645 |
| Pledges and grants receivable | $109,102 |
| Accounts receivable, net | $10,001 |
| 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 | $112,704 |
| Net Land, buildings, and equipment | $3,032,731 |
| Investments—publicly traded securities | $2,959,713 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,669,107 |
| Accounts payable and accrued expenses | $596,219 |
| Grants payable | $0 |
| Deferred revenue | $894,309 |
| 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 | $1,490,528 |
| Net assets without donor restrictions | $7,040,477 |
| Net assets with donor restrictions | $138,102 |
| 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 | $8,669,107 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Echo Foundation has recieved totaling $37,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $37,000 |
Endowment Analysis
| Beg. Balance | $70,190 |
| Ending Balance | $70,190 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For The Redesign Of Learning South Pasadena, CA | $15,785,438 | $19,718,110 |
New School For Child Development A Non-Profit Corp Sherman Oaks, CA | $70,855,402 | $24,393,908 |
Mirman School For Gifted Children Los Angeles, CA | $47,520,876 | $18,601,911 |
Accel Phoenix, AZ | $21,659,622 | $16,834,387 |
Ecole Bilingue Berkeley, CA | $33,006,768 | $15,759,391 |
H E L P Group West Sherman Oaks, CA | $26,040,794 | $16,433,872 |
Learning With A Difference Inc Encino, CA | $24,959,978 | $17,556,894 |
Charles Armstrong School Belmont, CA | $29,837,306 | $12,609,845 |
Escuela Popular Del Pueblo San Jose, CA | $34,236,937 | $14,055,995 |
Pediatric Therapy Network Torrance, CA | $0 | $12,859,191 |
Institute For Effective Education San Diego, CA | $31,029,793 | $13,927,303 |
Villa Esperanza Services Pasadena, CA | $33,971,130 | $14,047,530 |