Echo Foundation
- Assets
- $12.4m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 75
- Location
- Culver City, CA
- Founding
- 10/1970
- Data as of
- 06/2023
- 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 06/2023, Echo Foundation employed 75 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 06/2023, Echo Foundation generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $8.2m during the year ending 06/2023. While expenses have increased by 2.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 181 STUDENTS DURING FY 22/23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Scott Chair | OfficerTrustee | 1 | $0 |
Ken Nakayama Vice Chair | OfficerTrustee | 1 | $0 |
Josh Oppenheimer Vice President | OfficerTrustee | 1 | $0 |
Ziad Toubassy Vice President | OfficerTrustee | 1 | $0 |
Sharon Tal Yguado Vice President | OfficerTrustee | 1 | $0 |
Jason Kaplan Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $132,253 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $492,248 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $624,501 |
| Total Program Service Revenue | $6,693,144 |
| Investment income | $114,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$17,134 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$67,578 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,480,976 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $928,230 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $551,062 |
| Compensation of current officers, directors, key employees. | $334,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,731,400 |
| Pension plan accruals and contributions | $132,667 |
| Other employee benefits | $340,377 |
| Payroll taxes | $299,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,934 |
| Fees for services: Accounting | $30,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $207,192 |
| Advertising and promotion | $123,994 |
| Office expenses | $101,576 |
| Information technology | $212,267 |
| Royalties | $0 |
| Occupancy | $570,548 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,328 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,148 |
| Insurance | $91,577 |
| All other expenses | $39,752 |
| Total functional expenses | $8,169,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $513,796 |
| Savings and temporary cash investments | $1,939,277 |
| Pledges and grants receivable | $101,972 |
| 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 | $130,865 |
| Net Land, buildings, and equipment | $2,915,248 |
| Investments—publicly traded securities | $3,119,900 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,673,885 |
| Total assets | $12,404,944 |
| Accounts payable and accrued expenses | $677,475 |
| Grants payable | $0 |
| Deferred revenue | $1,259,060 |
| 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 | $3,741,163 |
| Total liabilities | $5,677,698 |
| Net assets without donor restrictions | $6,561,392 |
| Net assets with donor restrictions | $165,854 |
| 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 | $12,404,944 |