2017-05-15T15:52:03-05:00 2016-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2015-07-01 453552314 MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND MANH 3103033342 PO BOX 1110 MANHATTAN BEACH CA 90267 MIKE DUCKWORTH PRESIDENT 3103033342 2017-05-12 1 DONITA M JOSEPH P00286656 5624351191 2017-05-11 2015 2021-01-29 14:40:06Z MIKE DUCKWORTH PO BOX 1110 MANHATTAN BEACH CA 90267 5564933 0 X ENDOWMENT.MBEF.ORG X 2011 CA 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. 5 5 0 10 0 0 527226 969951 0 0 363852 868677 0 0 891078 1838628 250000 304000 0 0 0 0 0 0 50178 98400 79322 348400 383322 542678 1455306 13836325 14407313 77184 72998 13759141 14334315 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 304000 304000 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. 304000 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 1 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X FARNAZ GOLSHANI FLECHNER 3103033342 PO BOX 1110 MANHATTAN BEACH CA 90267 X MIKE DUCKWORTH PRESIDENT 1.00 X X 0 0 0 JEFF SEROTA SECRETARY 5.00 X X 0 0 0 JIM ARMSTRONG TREASURER 5.00 X X 0 0 0 RICH WEISS CIO 5.00 1.00 X X 0 0 0 GEOFF BREMER DIRECTOR 1.00 X 0 0 0 FARNAZ FLECHNER EXECUTIVE DIRECTOR 8.00 32.00 X 0 132461 0 0 132461 0 0 0 0 0 0 558911 411040 111239 969951 296655 296655 4298327 3726305 572022 572022 572022 1838628 0 0 868677 304000 304000 65000 19500 45500 3000 3000 632 632 2101 2101 3911 3911 BANK & MERCHANT FEES 2658 2658 COMMUNITY RELATIONS 2020 2020 383322 304000 29144 50178 165759 175460 734 7312 204748 84521 13874 13874 7114 5943 3272 1171 13150764 13715640 297174 409335 13836325 14407313 216 2998 76968 70000 77184 72998 X 11296946 11375219 394362 480223 2067833 2478873 13759141 14334315 13836325 14407313 1455306 -880132 0 X 0 1 X 1 0 X 300 910694 527226 969951 2408171 300 910694 527226 969951 2408171 103797 2304374 277749 287473 296655 861877 3270048 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: TO MEET FINANCIAL REQUIREMENTS OF MBEF. DATE: 06/30/14 AMOUNT: 11083903. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13462111 766040 -11455 304000 13912696 13035727 375552 300832 250000 13462111 53273 11325485 1772969 116000 13035727 53273 53273 0.79000 0.18000 0.03000 0 0 5696 5352 344 1418 591 827 1171 DUE TO MANHATTAN BEACH EDUCATION FOUNDATION 70000 70000 X 958496 -880132 -880132 1838628 0 1838628 383322 0 383322 0 383322 PART V, LINE 4: PER ENDOWMENT'S DISBURSEMENT POLICY, IF THE MARKET VALUE OF THE FUNDS IS GREATER THAN $10 MILLION ON DECEMBER 31 OF EACH YEAR, THE BOARD MAY MAKE AN ANNUAL DISBURSEMENT TO MBEF. CURRENT TARGET DISBURSEMENT RATE IS 1% FOR FUND MARKET VALUE $10-$12 MILLION, 2% FOR FUND MARKET VALUE OF $12-$13 MILLION. FOR 2015-16 THE FUND MARKET VALUE WAS AROUND $13 MILLION SO 2% WAS THE DISBURSEMENT RATE, AND THE BOARD APPROVED $300,000. PART X, LINE 2: MBEF-EF 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. MBEF-EF 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) 300000 K-12 EDUCATIONAL SUPPORT 1 PART I, LINE 2: PER ENDOWMENT'S DISBURSEMENT POLICY, IF THE MARKET VALUE OF THE FUNDS IS GREATER THAN $10 MILLION ON DECEMBER 31 OF EACH YEAR, THE BOARD MAY MAKE AN ANNUAL DISBURSEMENT TO MBEF. CURRENT TARGET DISBURSEMENT RATE IS 1% FOR FUND MARKET VALUE $10-$12 MILLION, 2% FOR FUND MARKET VALUE OF $12-$13 MILLION. FOR 2015-16 THE FUND MARKET VALUE WAS AROUND $13 MILLION SO 2% WAS THE DISBURSEMENT RATE, AND THE BOARD APPROVED $300,000. X 3 111239 FMV 0 1 0 PART I, COLUMN (B): REPRESENTS NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AND SIGNED BY THE TREASURER ONCE APPROVED. 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 B, LINE 15 EMPLOYEES 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 COMPENSATION COMMITTEE. ANY PROPOSED CHANGES TO CURRENT COMPENSATION ARE PROVIDED TO THE COMPENSATION COMMITTEE AND 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. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE UPON REQUEST. MANHATTAN BEACH EDUCATION FOUNDATION 325 S PECK AVE MANHATTAN BEACH CA 90266 953881166 PUBLIC CHARITY CA 501(C)(3) LINE 7 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0