THE EL SEGUNDO EDUCATIONAL FOUNDATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- THE EL SEGUNDO EDUCATIONAL FOUNDATION (EIN 95-3885992)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-14
- IRS object ID
- 202431359349305243
- Schema version
- 2022v5.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-14T10:02:53-07:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 813709413 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOFFMAN SHORT RUBIN DEWINTER SANDERSON | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1037 PARK VIEW DR | AddressLine1Txt |
| City | COVINA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91724 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 953885992 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EL SEGUNDO EDUCATION FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ELSE | BusinessNameControlTxt |
| Phone | 3106152650 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 641 SHELDON STREET | AddressLine1Txt |
| City | EL SEGUNDO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90245 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RUPESH BHAKTA | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Signature | 2024-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | RUPESH | PersonFirstNm |
| Person Last | BHAKTA | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Janny Thach | PreparerPersonNm |
| PTIN | P01626996 | PTIN |
| Phone | 6269320100 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 641 SHELDON STREET | AddressLine1Txt |
| City | EL SEGUNDO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 902453036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,570,928 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ESEDF.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1983 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | THE EL SEGUNDO EDUCATION FOUNDATION REPRESENTS A PARTNERSHIP OF BUSINESSES, INDIVIDUALS AND FAMILIES ORGANIZED TO SUPPORT AND ENHANCE PROGRAMS OF THE EL SEGUNDO UNIFIED SCHOOL DISTRICT AND TO PROMOTE EXCELLENCE IN EDUCATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 28 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 45 | TotalEmployeeCnt |
| Total Volunteers | 145 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $1,382,628 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,326,884 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $329,708 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $290,368 | CYProgramServiceRevenueAmt |
| PY Investment Income | $283,347 | PYInvestmentIncomeAmt |
| CY Investment Income | $24,426 | CYInvestmentIncomeAmt |
| PY Other Revenue | $568,465 | PYOtherRevenueAmt |
| CY Other Revenue | $550,703 | CYOtherRevenueAmt |
| PY Total Revenue | $2,564,148 | PYTotalRevenueAmt |
| CY Total Revenue | $2,192,381 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $385,765 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $399,223 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $84,102 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,710,599 | PYOtherExpensesAmt |
| CY Other Expenses | $1,898,083 | CYOtherExpensesAmt |
| PY Total Expenses | $2,096,364 | PYTotalExpensesAmt |
| CY Total Expenses | $2,297,306 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $467,784 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$104,925 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,516,101 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,759,328 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $205,014 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $317,524 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,311,087 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,441,804 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE EL SEGUNDO EDUCATION FOUNDATION REPRESENTS A PARTNERSHIP OF BUSINESSES, INDIVIDUALS AND FAMILIES ORGANIZED TO SUPPORT AND ENHANCE PROGRAMS OF THE EL SEGUNDO UNIFIED SCHOOL DISTRICT AND TO PROMOTE EXCELLENCE IN EDUCATION. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,907,638 | ExpenseAmt |
| Revenue | $7,875 | RevenueAmt |
| Desc | ESUSD SUPPORT PROGRAMS PROVIDE FUNDS FOR EDUCATIONAL PROGRAMS AND TECHNOLOGICAL EQUIPMENT FOR OVER 3,400 KINDERGARTEN THROUGH 12TH GRADE STUDENTS OF EL SEGUNDO UNIFIED SCHOOL DISTRICT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $155,886 | ExpenseAmt |
| Revenue | $223,804 | RevenueAmt |
| Desc | EL SEGUNDO EDUCATION FOUNDATION'S WASC (WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES) ACCREDITED SUMMER ACADEMY PROGRAM PROVIDES ACADEMIC AND ENRICHMENT COURSES TO ALL LEVELS OF STUDENTS OF EL SEGUNDO AND NEIGHBORING CITIES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $90,104 | ExpenseAmt |
| Revenue | $58,689 | RevenueAmt |
| Desc | SEASIDE STRINGS IS AN INSTRUMENTAL STRINGS PROGRAM AVAILABLE TO ALL 3RD THROUGH 8TH GRADE STUDENTS IN THE ESUSD. THIS FEE-BASED, AFTER-SCHOOL PROGRAM IS AN EXTRACURRICULAR ACTIVITY, OFFERED ONCE A WEEK ACROSS TWO SEMESTERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $2,153,628 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 2 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 45 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 0 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 28 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 28 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DANIELLE CHRISTIAN | PersonNm |
| Phone | 3106152650 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 641 SHELDON STREET | AddressLine1Txt |
| City | EL SEGUNDO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 902453036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| MICHELLE NIEVES | |||||||
| Secretary | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| EREC FITZGERALD | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| RUPESH BHAKTA | |||||||
| CFO | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BARBARA BRINEY | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JENNY GARDNER | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CHRISTA CABAN | |||||||
| Chairman | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| NEIL CADMAN | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DANIELLE CHRISTIAN | |||||||
| VICE CHAIR | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ANGIE GREENSPAN | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LILY CRAIG | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| KENDRIC ROLLINS | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| RICH HEISEN | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LINDA JOHNSON | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LAURA JORDAN | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ADARSH PAREKH | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JUDY LAI-YATES | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| RICHARD LUNDQUIST | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| SHANNON MAGID | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LAUREN WEINBAUM | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| BRENDA NEWMAN | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MARCIA HANSEN | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| TIM FREI | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JAMES VENEZIA | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MICHELE A ROGERS | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CHRISTINE SHERRILL | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| HEATHER SUTHERLAND | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM WATKINS | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| KATHY WILEY | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $2,450 | GovernmentGrantsAmt |
| All Other Contributions | $1,324,434 | AllOtherContributionsAmt |
| Total Contributions | $1,326,884 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| BAND - ELEMENTARY PROGRAM | 611600 | $7,875 | $7,875 |
| SEASIDE STRINGS | 611600 | $58,689 | $58,689 |
| SUMMER ENRICHMENT ACADEMY | 611600 | $223,804 | $223,804 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $290,368 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $82,329 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $82,329 | RelatedOrExemptFuncIncomeAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $256,041 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $313,944 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$57,903 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$57,903 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$57,903 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $615,306 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $64,603 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $550,703 | TotalRevenueColumnAmt |
| Exclusion | $550,703 | ExclusionAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,192,381 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $314,794 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $550,703 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $399,223 | TotalAmt |
| Program Services | $282,930 | ProgramServicesAmt |
| Management And General | $43,644 | ManagementAndGeneralAmt |
| Fundraising | $72,649 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,452 | TotalAmt |
| Program Services | $3,115 | ProgramServicesAmt |
| Management And General | $446 | ManagementAndGeneralAmt |
| Fundraising | $891 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,417 | TotalAmt |
| Program Services | $6,733 | ProgramServicesAmt |
| Management And General | $842 | ManagementAndGeneralAmt |
| Fundraising | $842 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,367 | TotalAmt |
| Program Services | $5,803 | ProgramServicesAmt |
| Management And General | $894 | ManagementAndGeneralAmt |
| Fundraising | $2,670 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| GRANTS | $1,800,000 | $1,800,000 | ||
| PROGRAM - OTHER COSTS | $40,210 | $40,210 | ||
| BANK CHARGES | $21,707 | $14,729 | $6,978 | |
| AUDIT FEES | $13,750 | $13,750 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180 | TotalAmt |
| Program Services | $108 | ProgramServicesAmt |
| Fundraising | $72 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,297,306 | TotalAmt |
| Program Services | $2,153,628 | ProgramServicesAmt |
| Management And General | $59,576 | ManagementAndGeneralAmt |
| Fundraising | $84,102 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $455,588 | BOYAmt |
| EOY | $240,643 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $182 | BOYAmt |
| EOY | $0 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,017,369 | BOYAmt |
| EOY | $3,277,415 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,962 | BOYAmt |
| EOY | $241,270 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,516,101 | BOYAmt |
| EOY | $3,759,328 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $200,000 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $162,052 | BOYAmt |
| EOY | $76,254 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,962 | BOYAmt |
| EOY | $41,270 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $205,014 | BOYAmt |
| EOY | $317,524 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,311,087 | BOYAmt |
| EOY | $3,441,804 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,311,087 | BOYAmt |
| EOY | $3,441,804 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,516,101 | BOYAmt |
| EOY | $3,759,328 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$104,925 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $235,642 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,260,940 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,421,823 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,431,945 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,306,148 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,324,434 | CurrentTaxYearAmt |
| Total | $6,745,290 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,260,940 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,421,823 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,431,945 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,306,148 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,324,434 | CurrentTaxYearAmt |
| Total | $6,745,290 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $6,745,290 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $78,908 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $78,830 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $77,780 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $283,347 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $24,430 | CurrentTaxYearAmt |
| Total | $543,295 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $7,288,585 | TotalSupportAmt |
| Public Support CY170 | 0.92550 | PublicSupportCY170Pct |
| Public Support PY170 | 0.91590 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | Yes (true) | AgentTrusteeEtcInd |
| Beginning Balance | $42,962 | BeginningBalanceAmt |
| Distributions During Year | $1,692 | DistributionsDuringYearAmt |
| Ending Balance | $41,270 | EndingBalanceAmt |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,017,369 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $260,046 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $3,277,415 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,396,885 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$379,516 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $3,017,369 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,154,197 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $242,688 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $3,396,885 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,010,479 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $143,718 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $3,154,197 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,855,437 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $155,042 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $3,010,479 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | false | RelatedOrgListSchRInd |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CONTRIBUTIONS RECEIVABLE | $200,000 |
| FUNDS HELD IN TRUST | $41,270 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $241,270 | TotalBookValueOtherAssetsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,520,733 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $235,642 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $28,107 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $64,603 | OtherRevenueAmt |
| Revenue Not Reported | $328,352 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,192,381 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $2,192,381 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,390,016 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $28,107 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $64,603 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $92,710 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,297,306 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $2,297,306 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV, Line 1b: Why is organization an agent, trustee, custodian or other intermediary for contrib | THE FOUNDATION TEMPORARILY HOLDS FUNDS DESIGNATED FOR SCHOLARSHIPS TO GRADUATING EL SEGUNDO HIGH SCHOOL STUDENTS AND SUCH FUNDS ARE DISPERSED AS DETERMINED BY THE ALUMNI ASSOCIATION.THERE IS ALSO AN AGREEMENT IN WHICH THE FOUNDATION FUNDS MONTHLY PAYROLL FOR BAND TEACHERS AND SUBSEQUENTLY REQUESTS REIMBURSEMENT FROM THE DONOR ORGANIZATION FOR RELATED PAYROLL EXPENSES.THE FOUNDATION IS REQUIRED TO MAINTAIN A SEPARATE BANK ACCOUNT AND ACTS SOLELY AS CUSTODIAN. |
| Part IV, Line 2b: Explanation of escrow account liability | THE ACCOUNTS DEEMED AS RECORDED AS AN ESCROW ACCOUNT LIABILITY DESIGNATED SCHOLARSHIPS AND GENERAL SCHOLARSHIPS. THESE SCHOLARSHIPS ARE TO BE PASSED ON TO RECIPIENTS AS SELECTED BY THE STUDENT BODY. THERE THEY ARE TREATED AS A PASSTHROUGH BY THE FOUNDATION. SCHOLARSHIPS ARE TO BE DISTRIBUTED $2K PER YEAR PER THE SCHOLARSHIP POLICIES. |
| Part X : FIN48 Footnote | THE FOUNDATION EVALUATES UNCERTAIN TAX POSITIONS WHEREBY THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE TAX POSITIONS WERE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. AS OF YEAR-END, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL OR DISCLOSURE. |
| Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 | DIRECT FUNDRAISING EVENT EXPENSES $64603 |
| Part XII, Line 2d: Other expenses and losses per audited F/S | DIRECT FUNDRAISING EVENT EXPENSES $64603 |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agrmt Prof Fundraising Acty | false | AgrmtProfFundraisingActyInd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GALA | Event1Nm |
| Gross Receipts Event1 | $351,077 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $351,077 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $42,571 | OtherDirectExpensesEvent1Amt |
| Event2 | PIER TO PIER | Event2Nm |
| Gross Receipts Event2 | $137,992 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $137,992 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $382 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 2 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $126,237 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $126,237 | GrossRevenueOtherEventsAmt |
| Oth Direct Expnss Other Events | $21,650 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $615,306 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $615,306 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $64,603 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $64,603 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $550,703 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, Line 11b | THE FORM 990 IS REVEIWED IN DETAIL BY THE CEO, CFO, AND FINANCIAL COORDINATOR. SUBSEQUENTLY, FORM 990 IS DISTRIBUTED TO THE FINANCE COMMITEE WHO REVIEWS, MAKES CHANGES IF NECESSARY, AND APPROVES. ONCE SIGNED, THE FINAL FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR RECORDS. |
| Form 990, Part VI, Section B, Line 12c | THE FOUNDATION REQUIRES ALL OFFICERS AND DIRECTORS TO DISCLOSE A CONFLICT OR DUALITY OF INTEREST PRIOR TO ENTRY INTO ANY FINANCIAL RELATIONSHIP. AN ANNUAL CONFLICT OF INTEREST STATEMENT IS REQUIRED FROM ALL OFFICERS AND DIRECTORS IN THE FIRST QUARTER OF EACH FISCAL YEAR. THE CHIEF FINANCIAL OFFICER IS RESPONSIBLE FOR OBTAINING AND REVIEWING ALL REQUIRED STATEMENTS AND REPORTING IN THIS REGARD TO THE BOARD OF DIRECTORS. THE BOARD MUST APPROVE TRANSACTIONS THAT COULD CONSTITUTE A CONFLICT OF INTEREST. |
| Form 990, Part VI, Section B, Line 15a | THE ONLY COMPENSATED TOP MANAGEMENT OFFICIAL OF THE FOUNDATION IS THE CEO. THE EXECUTIVE COMMITTEE NEGOTIATES THE COMPENSATION OF THE CEO BASED ON CURRENT SALARY TRENDS. THE FINAL CEO SALARY AND COMPENSATION PACKAGE IS APPROVED BY THE EXECUTIVE COMMITTEE. |
| Form 990, Part VI, Section C, Line 19 | YES, ANNUAL AUDITED FINANCIAL STATEMENTS, TAX FILINGS, AND ANNUAL CONFLICT OF INTEREST POLICY WILL BE (OR HAVE BEEN) DISTRIBUTED TO ALL THE DIRECTORS AND WILL BE POSTED ON THE WEBSITE. |
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