Laguna Beach Education Foundation
- Assets
- $306.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Laguna Beach, CA
- Founding
- 03/1981
- Data as of
- 06/2023
- EIN
- 95-3565451
Organization Overview
Laguna Beach Education Foundation is located in Laguna Beach, CA. The organization was established in 1981. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Laguna Beach Education Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laguna Beach 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, Laguna Beach Education Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laguna Beach Education Foundation has awarded 22 individual grants totaling $5,758,042. 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
SCHOOLPOWER IS A VOLUNTEER-BASED, NON-PROFIT ORGANIZATION WHOSE MISSION IS TO RAISE MONEY TO ENRICH THE EDUCATION OF ALL CHILDREN IN THE LAGUNA BEACH SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL ASSISTANCE TO THE LAGUNA BEACH UNIFIED SCHOOL DISTRICT. ORGANIZATION ANNUALLY RAISES FUNDS TO DONATE TO THE SCHOOL DISTRICT FOR SPECIFIC AND UNRESTRICTED USE BY THE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole And Peter Anderson Director | Trustee | 1 | $0 |
Rob Alshuler Director | Trustee | 1 | $0 |
Lisa And Steve Britt Director | Trustee | 1 | $0 |
Liz Peter Black Director | Trustee | 1 | $0 |
Ashley Mike Brown VP Pub Relation | Trustee | 1 | $0 |
Katie And Shaun Macgillivray Director | Trustee | 1 | $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 | $555,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,625 |
| Total Program Service Revenue | $330,674 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $229,643 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,115,942 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $331,524 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,071 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,423 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $913 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $751 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,213 |
| All other expenses | $31,493 |
| Total functional expenses | $1,359,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,571 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,571 |
| Accounts payable and accrued expenses | $1,834 |
| 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 | $0 |
| Total liabilities | $1,834 |
| 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 | $304,737 |
| Total liabilities and net assets/fund balances | $306,571 |
Grants Awarded
Over the last fiscal year, Laguna Beach Education Foundation has awarded $331,524 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LAGUNA BEACH BOOSTERS CLUB PURPOSE: SUPPORT FOR ATHLETIC EVENTS | $27,945 |
LAGUNA BEACH UNIFIED SCHOOL DIST PURPOSE: ASSIST GENERAL FUND | $283,479 |
KIDS AROUND THE WORLD PURPOSE: SUPPORT | $20,100 |