Santa Monica-Malibu Education Foundation
- Assets
- $13.3m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Santa Monica, CA
- Founding
- 12/1982
- Data as of
- 06/2021
- EIN
- 95-3787674
Organization Overview
Santa Monica-Malibu Education Foundation is located in Santa Monica, CA. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Santa Monica-Malibu Education Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Monica-Malibu 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, Santa Monica-Malibu Education Foundation generated $4.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.7m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENGAGE THE COMMUNITY TO INVEST IN A VIBRANT EDUCATIONAL EXPERIENCE FOR ALL STUDENTS IN THE SANTA MONICA PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Greenberg Executive Director | Officer | 70 | $131,325 |
Tova Larsen Director Of Major Gifts | 40 | $106,120 | |
Nancy Patel President | OfficerTrustee | 4 | $0 |
John R Baracy Secretary | OfficerTrustee | 1 | $0 |
Edwin Shen Treasurer | OfficerTrustee | 1 | $0 |
Alison Havel Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $98,667 |
| Related organizations | $0 |
| Government grants | $98,401 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,484,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,681,142 |
| Total Program Service Revenue | $0 |
| Investment income | $242,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,391,444 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,335,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,005,047 |
| 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. | $139,684 |
| Compensation of current officers, directors, key employees. | $18,871 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $323,658 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,653 |
| Payroll taxes | $36,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,893 |
| Fees for services: Other | $10,689 |
| Advertising and promotion | $11,272 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,259 |
| Interest | $234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,210 |
| Insurance | $16,729 |
| All other expenses | $3,436 |
| Total functional expenses | $2,683,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $565,972 |
| Pledges and grants receivable | $165,810 |
| 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 | $22,242 |
| Net Land, buildings, and equipment | $2,709 |
| Investments—publicly traded securities | $12,532,413 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,289,146 |
| Accounts payable and accrued expenses | $1,466,621 |
| Grants payable | $57,463 |
| Deferred revenue | $27,154 |
| 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 | $190,993 |
| Other liabilities | $0 |
| Total liabilities | $1,742,231 |
| Net assets without donor restrictions | $1,321,734 |
| Net assets with donor restrictions | $10,225,181 |
| 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 | $13,289,146 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Santa Monica-Malibu Education Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $1,000 |
Aaron And Sylvia Rothenberg Family Foundation Inc Palm Beach Gardens, FL PURPOSE: GIVEN TO PRESELECTED ORGANIZATIONS | $1,000 |
Endowment Analysis
| Beg. Balance | $6,918,183 |
| Earnings | $1,614,916 |
| Net Contributions | $500,000 |
| Other Expense | $294,463 |
| Ending Balance | $8,738,636 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |