2016-04-25T16:38:27-05:00 2015-06-30 562306396 BEACH FREEMAN LIM & CLELAND LLP 861 PARKVIEW DR N SUITE 200 EL SEGUNDO CA 90245 990 2014-07-01 953885992 EL SEGUNDO EDUCATION FOUNDATION ELSE 3106152650 641 SHELDON STREET EL SEGUNDO CA 902453036 ALEX ABAD CHAIRMAN 3106152650 2016-02-12 1 P00367149 3104471234 2014 2016-08-17 19:52:53Z SAME AS C ABOVE 641 SHELDON STREET EL SEGUNDO CA 902453036 2418024 0 X WWW.ESEDF.ORG X 1983 CA 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 PROMOTE EXCELLENCE IN EDUCATION. 24 23 36 175 0 0 1130732 1203349 223943 265967 264858 120702 78809 119160 1698342 1709178 0 0 0 0 325389 338774 0 0 37096 1069841 1087298 1395230 1426072 303112 283106 2791132 3079395 224260 265145 2566872 2814250 EL SEGUNDO EDUCATION FOUNDATION'S MISSION IS TO SUPPORT EDUCATION AND ACADEMIC EXCELLENCE IN EL SEGUNDO AT THE KINDERGARTEN THROUGH HIGH SCHOOL LEVEL BY RAISING FUNDS AND PROVIDING GRANTS TO ESUSD. 0 0 1169968 ESUSD SUPPORT PROGRAMS PROVIDE FUNDS FOR EDUCATIONAL PROGRAMS AND TECHNOLOGICAL EQUIPMENT FOR OVER 3400 KINDERGARTEN THOUGH 12TH GRADE STUDENTS OF EL SEGUNDO UNIFIED SCHOOL DISTRICT. 160698 244210 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. 21289 21757 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. 1351955 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 36 1 0 0 0 0 0 1 1 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X CHRIS POWELL 3106152650 641 SHELDON STREET EL SEGUNDO CA 902453036 X ALEX ABAD CHAIRMAN 5.00 X X 0 0 0 BARBARA BRINEY DIRECTOR 5.00 X 0 0 0 BRENDA NEWMAN DIRECTOR 1.00 X 0 0 0 CHRIS POWELL CFO 5.00 X X 0 0 0 CHRIS SHERRILL DIRECTOR 5.00 X 0 0 0 DUANE H CONOVER SECRETARY 5.00 X X 0 0 0 ELIZABETH TOBIAS DIRECTOR 1.00 X 0 0 0 JAYNE PIMLOTT DIRECTOR 1.00 X 0 0 0 JOE HARDING DIRECTOR 1.00 X 0 0 0 JOYCE MANN DIRECTOR 5.00 X 0 0 0 KEN RIESZ DIRECTOR 1.00 X 0 0 0 LAURA KIRKPATRICK DIRECTOR 1.00 X 0 0 0 LILY CRAIG DIRECTOR 1.00 X 0 0 0 LINDA JOHNSON DIRECTOR 1.00 X 0 0 0 MICHELE A ROGERS DIRECTOR 1.00 X 0 0 0 MICHELLE NIEVES DIRECTOR 1.00 X 0 0 0 NEIL CADMAN VICE CHAIRMAN 5.00 X X 0 0 0 RICH HEISEN DIRECTOR 1.00 X 0 0 0 RICHARD C LUNDQUIST DIRECTOR 1.00 X 0 0 0 RICK SOWERS DIRECTOR 1.00 X 0 0 0 RUPESH BHAKTA DIRECTOR 1.00 X 0 0 0 SHANNON MAGID DIRECTOR 1.00 X 0 0 0 SUZANNE CURTIN DIRECTOR 5.00 X 0 0 0 TAMMY LONG DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 206931 996418 1203349 SUMMER ENRICHMENT ACAD 611600 244210 244210 SEASIDE STRINGS 611600 21757 21757 265967 68927 68927 730185 678410 51775 51775 51775 149596 206931 30436 119160 119160 1709178 386669 0 119160 338774 288751 16317 33706 19326 9663 9663 1794 1435 359 2580 1290 1290 5389 4698 691 298 149 149 9392 9392 GRANTS 1000000 1000000 PROGRAM - OTHER COSTS 28635 28635 BANK CHARGES 19884 17334 2550 1426072 1351955 37021 37096 388183 616242 104567 105143 5900 0 2218 2867 2290264 2355143 2791132 3079395 224260 265145 224260 265145 X 2566872 2814250 2566872 2814250 2791132 3079395 283106 -35728 0 X 0 1 X 1 0 X 713564 1027371 1209108 1130732 1203349 5284124 713564 1027371 1209108 1130732 1203349 5284124 5284124 233980 -8894 138263 69410 68927 501686 5785810 0.91330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1751491 -35728 47605 11877 1739614 -30436 -30436 1709178 1504113 47605 30436 78041 1426072 0 1426072 PART X, LINE 2: 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 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -30,436. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 30,436. GALA 237371 206931 30440 24846 MOM'S NIGHT OUT 22265 22265 1497 2 96891 96891 4483 356527 206931 149596 30826 30826 118770 X 1 FAIR MARKET VALUE X OFFICE EQUIPMENT 1 0 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN DETAIL BY THE CHAIRMAN, CFO, TREASURER AND CONTROLLER. SUBSEQUENTLY, FORM 990 IS DISTRIBUTED TO THE FINANCE COMMITTEE 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 BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION DISTRIBUTES ANNUAL AUDITED FINANCIAL STATEMENTS, TAX FILINGS, AND ANNUAL CONFLICT OF INTEREST POLICY TO ALL DIRECTORS, AND POSTS THE INFORMATION ON ITS WEBSITE.