2025-05-13T16:35:00-05:00 2024-06-30 953001179 WINDES INC 2050 MAIN ST STE 1300 IRVINE CA 92614 990 2023-07-01 453552314 MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND MANH 3103033342 325 S PECK AVE MANHATTAN BEACH CA 90266 MITCHELL OZAWA TREASURER 3103033342 2025-05-13 1 1 ELEANOR A LIVINGSTON CPA MST P00226461 9498529433 2025-05-13 2023 2025-03-06 01:10:19Z ROGER SPENCER 325 S PECK AVE MANHATTAN BEACH CA 90266 4945744 0 X ENDOWMENT.MBEF.ORG X 2011 CA THE 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. 7 7 0 10 0 0 1003913 1295809 0 0 982584 1906520 0 0 1986497 3202329 1162951 1202161 0 0 0 0 0 0 47758 103156 76075 1266107 1278236 720390 1924093 23649646 26612248 65000 65000 23584646 26547248 MBEF 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. 0 0 1202161 1202161 THE 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. 1202161 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X HILARY MAHAN EXECUTIVE DIRECTOR 3103033342 325 S PECK AVE MANHATTAN BEACH CA 90266 ROGER SPENCER PRESIDENT 1.00 1.00 X X 0 0 0 MITCHELL OZAWA TREASURER 5.00 X X 0 0 0 RICH WEISS CIO 5.00 X X 0 0 0 GEOFF BREMER DIRECTOR 1.00 X 0 0 0 MIKE DUCKWORTH DIRECTOR 1.00 X 0 0 0 ALICE KUO DIRECTOR 1.00 10.00 X 0 0 0 JERI VICK DIRECTOR 1.00 X 0 0 0 HILARY MAHAN EXECUTIVE DIRECTOR 20.00 30.00 X 0 148512 0 DAVID BRENNAN DIR. OF DEVELOPMENT & PARTNERSHIP 16.00 24.00 X 0 120721 0 0 269233 0 0 0 0 0 0 1034721 261088 1295809 631226 631226 3018709 1743415 1275294 1275294 1275294 3202329 0 0 1906520 1202161 1202161 65000 19500 45500 3600 3600 1693 1433 260 320 320 3464 3464 COMMUNITY RELATIONS 1998 1998 1278236 1202161 28317 47758 159016 232533 3807 23408 500 0 7353 6926 7114 7114 0 0 22645361 25220717 833609 1128664 23649646 26612248 65000 65000 65000 65000 X 11395597 11527283 12189049 15019965 23584646 26547248 23649646 26612248 1924093 1038509 0 X 0 1 X 1 0 X 275278 551180 1119234 1003913 1295809 4245414 275278 551180 1119234 1003913 1295809 4245414 5188 4240226 430420 425170 472838 535522 631226 2495176 6740590 0.62910 0.62010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23460453 1295809 2927665 1197661 26486266 21684221 1003909 2086774 1158451 156000 23460453 23975465 1361236 -2515278 1137202 21684221 18915301 224017 5835564 999417 23975465 19329812 151084 358237 923832 18915301 0.43467 0.37753 0.18780 0 0 5696 5696 0 1418 1418 0 0 DUE TO MANHATTAN BEACH EDUCATION FOUNDATION 65000 65000 X 4240838 1038509 1038509 3202329 0 3202329 1278236 0 1278236 0 1278236 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. 1 MANHATTAN BEACH EDUCATION FOUNDATION 325 PECK AVE MANHATTAN BEACH CA 90266 953881166 501(C)(3) 1202161 0 K-12 EDUCATIONAL SUPPORT 1 PART I, LINE 2: EACH 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 EFFECTIVELY, ASSESS THE EFFECTIVENESS OF CURRENT GRANTS, AND IDENTIFY ANY SHIFTS IN PRIORITIES FOR FUTURE GRANTS. FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C EMPLOYEES, 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 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. MANHATTAN BEACH EDUCATION FOUNDATION 325 S PECK AVE MANHATTAN BEACH CA 90266 953881166 PROVIDE SUPPORT TO THE MANHATTAN BEACH UNIFIED SCHOOL DISTRICT CA 501(C)(3) LINE 7 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0