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 06/2021, Laguna Beach Education Foundation employed 4 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 06/2021, Laguna Beach Education Foundation generated $622.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $486.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laguna Beach Education Foundation has awarded 16 individual grants totaling $5,105,783. 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
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrew And Iva Pawling Treasurer | Officer | 1 | $0 |
Harpal And Shaheen Sadhal Vice President | Officer | 2 | $0 |
Steve And Kristin Samuelian VP Marketing | Officer | 1 | $0 |
Mark And Stacey Smialowicz President | Officer | 2 | $0 |
Cara And Craig Abrahams Director | Trustee | 1 | $0 |
Nicole And Peter Anderson Director | Trustee | 1 | $0 |
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 | $559,784 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $559,784 |
Total Program Service Revenue | $0 |
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 | $62,288 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $622,072 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $180,540 |
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 | $114,856 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $9,234 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,555 |
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 | $293 |
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 | $817 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,516 |
All other expenses | $11,185 |
Total functional expenses | $486,658 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $310,664 |
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 | $310,664 |
Accounts payable and accrued expenses | $206 |
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 | $206 |
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 | $310,458 |
Total liabilities and net assets/fund balances | $310,664 |
Over the last fiscal year, Laguna Beach Education Foundation has awarded $180,540 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
LAGUNA BEACH UNIFIED SCHOOL DIST PURPOSE: ASSIST GENERAL FUND | $170,540 |
LAGUNA BCH BOYS & GIRLS CLUB PURPOSE: COVID IMPACT SUPPORT | $10,000 |
Over the last fiscal year, we have identified 3 grants that Laguna Beach Education Foundation has recieved totaling $60,162.
Awarding Organization | Amount |
---|---|
Laguna Beach Community Foundation Laguna Beach, CA PURPOSE: General Fund | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,081 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,081 |
Organization Name | Assets | Revenue |
---|---|---|
Harvard-Westlake School Studio City, CA | $519,427,126 | $134,983,009 |
The Harker School San Jose, CA | $301,623,113 | $112,065,304 |
Taipei American School Foundation Los Angeles, CA | $200,440,067 | $84,912,591 |
Roessler-Chadwick Foundation Palos Verdes Peninsula, CA | $148,653,684 | $85,001,982 |
Antelope Valley Learning Academy Inc Valencia, CA | $39,011,789 | $89,911,071 |
Iolani School Honolulu, HI | $388,589,856 | $96,713,611 |
Valley Christian Schools San Jose, CA | $114,034,879 | $67,792,442 |
Crossroads School For Arts And Sciences Santa Monica, CA | $228,466,642 | $71,695,660 |
Pinecrest Academy Of Nevada Las Vegas, NV | $180,969,815 | $55,227,601 |
Brentwood School Los Angeles, CA | $181,845,528 | $61,517,128 |
Viewpoint Educational Foundation Calabasas, CA | $147,164,644 | $51,317,532 |
Francis Parker School San Diego, CA | $194,908,820 | $57,687,551 |