Carlsbad Educational Foundation
- Assets
- $3.8m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 132
- Location
- Carlsbad, CA
- Founding
- 02/1985
- Data as of
- 08/2022
- EIN
- 95-3768448
Organization Overview
Carlsbad Educational Foundation is located in Carlsbad, CA. The organization was established in 1985. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2022, Carlsbad Educational Foundation employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carlsbad 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 08/2022, Carlsbad Educational Foundation generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $4.3m during the year ending 08/2022. While expenses have increased by 5.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INCREASED EDUCATIONAL OPPORTUNITIES FOR ALL STUDENTS IN THE CARLSBAD UNIFIED SCHOOL DISTRICT BY DEVELOPING AND FUNDING IMPACTFUL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES PRIVATE SUPPORT FOR PUBLIC EDUCATION PROGRAMS THROUGHOUT THE CARLSBAD UNIFIED SCHOOL DISTRICT, INCLUDING THE FUNDING OF LAB EQUIPMENT FOR CLASSROOMS, MUSIC INSTRUCTION, SCIENCE OLYMPIAD PROGRAM, KIDS CARE PROGRAM WHICH PROVIDES BEFORE AND AFTER SCHOOL LICENSED CHILDCARE TO STUDENTS OF THE CARLSBAD UNIFIED SCHOOL DISTRICT, AND MANY OTHER PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Pitts CEO | Officer | 40 | $130,500 |
Michael Zepeda Chair | OfficerTrustee | 2 | $0 |
Ian Mcdaniel Vice-Chair | OfficerTrustee | 2 | $0 |
Emma Cobb Director | OfficerTrustee | 1 | $0 |
Jen Fornal Secretary | OfficerTrustee | 2 | $0 |
Jackie Mazur Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $105,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $553,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,936 |
| Total Program Service Revenue | $3,743,173 |
| Investment income | $66,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,103 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,615,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $168,357 |
| Compensation of current officers, directors, key employees. | $67,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,734,935 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,675 |
| Payroll taxes | $166,460 |
| Fees for services: Management | $6,084 |
| Fees for services: Legal | $12,968 |
| Fees for services: Accounting | $63,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,956 |
| Advertising and promotion | $19,916 |
| Office expenses | $9,601 |
| Information technology | $21,506 |
| Royalties | $0 |
| Occupancy | $162,550 |
| Travel | $4,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,634 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,320 |
| Insurance | $83,461 |
| All other expenses | $72,329 |
| Total functional expenses | $4,290,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,372,862 |
| Savings and temporary cash investments | $1,344,369 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $379,583 |
| 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 | $69,291 |
| Net Land, buildings, and equipment | $28,436 |
| Investments—publicly traded securities | $619,827 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,814,368 |
| Accounts payable and accrued expenses | $302,727 |
| Grants payable | $1,169,974 |
| Deferred revenue | $139,443 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $1,762,144 |
| Net assets without donor restrictions | $1,869,109 |
| Net assets with donor restrictions | $183,115 |
| 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 | $3,814,368 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Carlsbad Educational Foundation has recieved totaling $20,200.
| Awarding Organization | Amount |
|---|---|
Dogwood Foundation Poolville, TX PURPOSE: CONTRIBUTION | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,100 |
The Paula B And Oliver W Jones Family Foundation Inc Wilmington, DE PURPOSE: KIDSCARE PROGRAM | $4,000 |
Northrop Grumman Foundation Falls Church, VA PURPOSE: GENERAL OPERATING GRANTS & MATCHING GIFTS. | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |