MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND (EIN 45-3552314)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-04
IRS object ID
202641249349303324
Schema version
2024v5.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-04T20:14:18-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN953001179PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WINDES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12050 MAIN ST STE 1300AddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92614ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453552314EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MANHATTAN BEACH EDUCATION FOUNDATIONBusinessNameLine1Txt
Business Name Line2ENDOWMENT FUNDBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMANHBusinessNameControlTxt
Phone3103033342PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1325 S PECK AVEAddressLine1Txt
CityMANHATTAN BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90266ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMITCHELL OZAWAPersonNm
Person TitleTREASURERPersonTitleTxt
Phone3103033342PhoneNum
Signature2026-05-01SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonELEANOR A LIVINGSTON CPA MSTPreparerPersonNm
PTINP00226461PTIN
Phone9498529433PhoneNum
Preparation2026-05-01PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerROGER SPENCERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1325 S PECK AVEAddressLine1Txt
CityMANHATTAN BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90266ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,172,508GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressENDOWMENT.MBEF.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionTHE MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND PROVIDES THE MANHATTAN BEACH EDUCATION FOUNDATION WITH A CONTINUING AND SUSTAINABLE FUNDING SOURCE THAT WILL EXPAND AND ENHANCE THE QUALITY OF PUBLIC EDUCATION IN MANHATTAN BEACH, NOW AND FOR GENERATIONS TO COME.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers20TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,295,809PYContributionsGrantsAmt
CY Contributions Grants$1,239,031CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1,906,520PYInvestmentIncomeAmt
CY Investment Income$1,357,344CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue-$26,612CYOtherRevenueAmt
PY Total Revenue$3,202,329PYTotalRevenueAmt
CY Total Revenue$2,569,763CYTotalRevenueAmt
PY Grants And Similar Paid$1,202,161PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,240,137CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$56,958CYTotalFundraisingExpenseAmt
PY Other Expenses$76,075PYOtherExpensesAmt
CY Other Expenses$84,985CYOtherExpensesAmt
PY Total Expenses$1,278,236PYTotalExpensesAmt
CY Total Expenses$1,325,122CYTotalExpensesAmt
PY Revenues Less Expenses$1,924,093PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,244,641CYRevenuesLessExpensesAmt
Total Assets BOY$26,612,248TotalAssetsBOYAmt
Total Assets EOY$29,696,954TotalAssetsEOYAmt
Total Liabilities BOY$65,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$65,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$26,547,248NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$29,631,954NetAssetsOrFundBalancesEOYAmt
MissionMBEF ENDOWMENT PROVIDES MBEF WITH A CONTINUING AND SUSTAINABLE FUNDING SOURCE THAT WILL EXPAND AND ENHANCE THE QUALITY OF PUBLIC EDUCATION IN MANHATTAN BEACH, NOW AND FOR GENERATIONS TO COME.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,240,137ExpenseAmt
Grant$1,240,137GrantAmt
DescTHE ORGANIZATION'S MISSION IS TO RAISE, RECEIVE, HOLD, INVEST, AND ADMINISTER FUNDS AND PROPERTY SO RECEIVED, AND TO MAKE EXPENDITURES THEREFROM TO SUPPLY SUPPORTIVE SERVICE AND FUND SPECIFIC PROGRAMS FOR THE BENEFIT OF THE MANHATTAN BEACH EDUCATION FOUNDATION AND IN TURN, THE EDUCATIONAL PROGRAMS OF THE MANHATTAN BEACH UNIFIED SCHOOL DISTRICT.Desc
Total Program Service Expenses$1,240,137TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonHILARY MAHAN EXECUTIVE DIRECTORPersonNm
Phone3103033342PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1325 S PECK AVEAddressLine1Txt
CityMANHATTAN BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90266ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
ROGER SPENCER
PRESIDENT2.001.00Yes (X)Yes (X)$0$0$0
MITCHELL OZAWA
TREASURER2.00Yes (X)Yes (X)$0$0$0
MICHAEL HUSSON
SECRETARY1.00Yes (X)Yes (X)$0$0$0
RICH WEISS
CIO2.00Yes (X)Yes (X)$0$0$0
GEOFF BREMER
DIRECTOR1.00Yes (X)$0$0$0
MIKE BRUNICK
DIRECTOR1.004.00Yes (X)$0$0$0
MIKE DUCKWORTH
DIRECTOR1.00Yes (X)$0$0$0
JERI VICK
DIRECTOR1.00Yes (X)$0$0$0
REMCO WALLER
DIRECTOR1.00Yes (X)$0$0$0
HILARY MAHAN
EXECUTIVE DIRECTOR20.0030.00Yes (X)$0$173,926$0
DAVID BRENNAN
DIR. OF DEV. & PTNRSHP (THRU 10/24)16.0024.00$0$140,076$0Yes (X)
MARIAN GUIRGUIS
DEVELOPMENT DIRECTOR16.0024.00$0$128,509$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$442,511TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$75,237FundraisingAmt
Related Organizations$943,482RelatedOrganizationsAmt
All Other Contributions$220,312AllOtherContributionsAmt
Noncash Contributions$6,305NoncashContributionsAmt
Total Contributions$1,239,031TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$678,252TotalRevenueColumnAmt
Exclusion$678,252ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,236,262SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$557,170SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$679,092SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$679,092TotalRevenueColumnAmt
Exclusion$679,092ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$18,963FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$75,237ContriRptFundraisingEventAmt
Fundraising Direct Expenses$45,575FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$26,612TotalRevenueColumnAmt
Exclusion-$26,612ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,569,763TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,330,732ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,240,137TotalAmt
Program Services$1,240,137ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$65,000TotalAmt
Management And General$19,500ManagementAndGeneralAmt
Fundraising$45,500FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,750TotalAmt
Management And General$3,750ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$8,722TotalAmt
Management And General$899ManagementAndGeneralAmt
Fundraising$7,823FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$420TotalAmt
Management And General$420ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,458TotalAmt
Management And General$3,458ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescCOMMUNITY RELATIONSDesc
Total$3,635TotalAmt
Fundraising$3,635FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,325,122TotalAmt
Program Services$1,240,137ProgramServicesAmt
Management And General$28,027ManagementAndGeneralAmt
Fundraising$56,958FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$232,533BOYAmt
EOY$110,431EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$23,408BOYAmt
EOY$15,902EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$965EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$6,926BOYAmt
EOY$6,590EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$5,138LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,138LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$25,220,717BOYAmt
EOY$28,478,699EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,128,664BOYAmt
EOY$1,084,367EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$26,612,248BOYAmt
EOY$29,696,954EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$65,000BOYAmt
EOY$65,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$65,000BOYAmt
EOY$65,000EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$11,527,283BOYAmt
EOY$11,594,209EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$15,019,965BOYAmt
EOY$18,037,745EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$26,547,248BOYAmt
EOY$29,631,954EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$26,612,248BOYAmt
EOY$29,696,954EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,244,641ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,840,065NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$551,180CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,119,234CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,003,913CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,295,809CurrentTaxYearMinus1YearAmt
Current Tax Year$1,239,031CurrentTaxYearAmt
Total$5,209,167TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$551,180CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,119,234CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,003,913CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,295,809CurrentTaxYearMinus1YearAmt
Current Tax Year$1,239,031CurrentTaxYearAmt
Total$5,209,167TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$5,209,167PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$425,170CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$472,838CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$535,522CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$631,226CurrentTaxYearMinus1YearAmt
Current Tax Year$678,252CurrentTaxYearAmt
Total$2,743,008TotalAmt
FieldValueIRS element (for citing)
Total Support$7,952,175TotalSupportAmt
Public Support CY1700.65510PublicSupportCY170Pct
Public Support PY1700.62910PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$26,486,266BeginningYearBalanceAmt
Contributions$1,257,994ContributionsAmt
Investment Earnings Or Losses$3,178,869InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,235,637GrantsOrScholarshipsAmt
Other Expenditures$250,000OtherExpendituresAmt
End Year Balance$29,437,492EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$23,460,453BeginningYearBalanceAmt
Contributions$1,295,809ContributionsAmt
Investment Earnings Or Losses$2,927,665InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,197,661GrantsOrScholarshipsAmt
End Year Balance$26,486,266EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$21,684,221BeginningYearBalanceAmt
Contributions$1,003,909ContributionsAmt
Investment Earnings Or Losses$2,086,774InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,158,451GrantsOrScholarshipsAmt
Other Expenditures$156,000OtherExpendituresAmt
End Year Balance$23,460,453EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$23,975,465BeginningYearBalanceAmt
Contributions$1,361,236ContributionsAmt
Investment Earnings Or Losses-$2,515,278InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,137,202GrantsOrScholarshipsAmt
End Year Balance$21,684,221EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$18,915,301BeginningYearBalanceAmt
Contributions$224,017ContributionsAmt
Investment Earnings Or Losses$5,835,564InvestmentEarningsOrLossesAmt
Grants Or Scholarships$999,417GrantsOrScholarshipsAmt
End Year Balance$23,975,465EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.38930BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.38240PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.22830TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,720OtherCostOrOtherBasisAmt
Depreciation$3,720DepreciationAmt
Book Value$0BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,418OtherCostOrOtherBasisAmt
Depreciation$1,418DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO MANHATTAN BEACH EDUCATION FOUNDATIONDesc
Amt$65,000Amt
FieldValueIRS element (for citing)
Total Liability$65,000TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$4,409,828TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$1,840,065NetUnrealizedGainsInvstAmt
Revenue Not Reported$1,840,065RevenueNotReportedAmt
Revenue Subtotal$2,569,763RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,569,763TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,325,122TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,325,122ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,325,122TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:ENDOWMENT FUNDS INCLUDE PERPETUALLY RESTRICTED ENDOWMENT FUNDS AND BOARD-DESIGNATED FUNDS, COLLECTIVELY REFERRED TO AS ENDOWMENT FUNDS. THE ENDOWMENT FUNDS ARE INTENDED TO GENERATE RETURNS SUFFICIENT TO CONTRIBUTE TO THE CURRENT AND EXPECTED FUTURE FINANCIAL REQUIREMENTS OF THE MANHATTAN BEACH EDUCATION FOUNDATION.
PART X, LINE 2:THE ORGANIZATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS AS TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE ORGANIZATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR CALIFORNIA PURPOSES IS FOUR YEARS.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1MB LEGACY OPEN GOLF TOURNAMENTEvent1Nm
Gross Receipts Event1$94,200GrossReceiptsEvent1Amt
Charitable Contri Event1$75,237CharitableContriEvent1Amt
Gross Revenue Event1$18,963GrossRevenueEvent1Amt
Rent Facility Costs Event1$28,197RentFacilityCostsEvent1Amt
Food And Beverage Event1$1,960FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$15,418OtherDirectExpensesEvent1Amt
Gross Receipts Total$94,200GrossReceiptsTotalAmt
Charitable Contributions Tot$75,237CharitableContributionsTotAmt
Gross Revenue Total Events$18,963GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$28,197RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$1,960FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$15,418OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$45,575DirectExpenseSummaryEventsAmt
Net Income Summary-$26,612NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1MANHATTAN BEACH EDUCATION FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1325 PECK AVEAddressLine1Txt
CityMANHATTAN BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90266ZIPCd
FieldValueIRS element (for citing)
Recipient EIN953881166RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$1,240,137CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantK-12 EDUCATIONAL SUPPORTPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationEACH YEAR, THE MBEF GRANTS COMMITTEE, WHICH INCLUDES BOARD MEMBERS REPRESENTING ALL SCHOOL SITES, COLLABORATES WITH DISTRICT AND SCHOOL LEADERSHIP, EDUCATORS, PARENTS, AND STUDENTS TO ENSURE THAT THE FUNDS ARE BEING UTILIZED APPROPRIATELY, ASSESS THE EFFECTIVENESS OF CURRENT GRANTS, AND IDENTIFY ANY SHIFTS IN PRIORITIES FOR FUTURE GRANTS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonHILARY MAHANPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$0BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$173,926CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$0TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$173,926TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 3EMPLOYEES AND INDEPENDENT CONTRACTORS RECEIVE AN ANNUAL REVIEW WITH THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR RECEIVES AN ANNUAL REVIEW WITH THE BOARD PRESIDENT. THESE REVIEWS ARE DOCUMENTED AND PROVIDED TO THE OFFICERS OF THE BOARD. ANY PROPOSED CHANGES TO CURRENT COMPENSATION ARE PROVIDED TO THE OFFICERS OF THE BOARD FOR APPROVAL. THE BOARD APPROVES A BUDGET FOR COMPENSATION IN TOTAL. THE EXECUTIVE DIRECTOR APPROVES THE COMPENSATION PER EMPLOYEE BUT ONLY UP TO THE AUTHORIZED BUDGET AMOUNT.
PART I, LINE 4ADAVID BRENNAN - $44,347

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE AUDIT AND COMPLIANCE COMMITTEE REVIEWS AND APPROVES THE FORM 990. IT IS THEN PROVIDED TO THE FULL BOARD FOR FINAL REVIEW, AND THE AUDIT AND COMPLIANCE COMMITTEE CHAIR PRESENTS THE COMMITTEE'S APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12CEMPLOYEES, INDEPENDENT CONTRACTORS, BOARD OF DIRECTOR MEMBERS, AND COMMITTEE MEMBERS MUST SIGN A CONFLICT OF INTEREST DECLARATION ANNUALLY. THE FORMS ARE REVIEWED AND MAINTAINED IN THE ORGANIZATION'S OFFICES. THE PERSON WITH CONFLICT CONCERNS SHALL NOT PARTICIPATE IN DISCUSSION AND VOTE OF THE MATTER.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1MANHATTAN BEACH EDUCATION FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1325 S PECK AVEAddressLine1Txt
CityMANHATTAN BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90266ZIPCd
FieldValueIRS element (for citing)
EIN953881166EIN
Primary ActivitiesPROVIDE SUPPORT TO THE MANHATTAN BEACH UNIFIED SCHOOL DISTRICTPrimaryActivitiesTxt
Legal Domicile StateCALegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 7PublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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