2015-02-17T15:02:15-08:00 2014-06-30 Wayland & Vukadinovich LLP 1097 Aviation Blvd Hermosa Beach CA 90254 990 2013-07-01 453552314 Manhattan Beach Education Foundation Endowment Fund MANH 3103033342 P O Box 1110 Manhattan Beach CA 90267 Jim Armstrong Director 2015-02-17 true Susan T Patterson P00610824 3103760455 2013 2016-02-25 16:41:14Z Mike Duckworth P O Box 1110 Manhattan Beach CA 90267 12077677 false false 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. 8 8 1 0 127973 11683894 0 323094 0 127973 12006988 116000 0 61610 0 108818 42596 85148 42596 262758 85377 11744230 85377 13303017 23535 85377 13279482 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. false false 116000 116000 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 if the Manhattan Beach Education Foundation and in turn, the educational programs of the Manhattan Beach Unified School District. 116000 true true false false false false false false false true true false false false false true false true false false false false false false false false false true false false false false false false false false false false false false false true false false false false true false false false false true 0 0 false 1 true false false false false false false false true 2 false false false false false false false false false false X 8 8 false false false false false true false true true false false true true true true true true true true false X X Farnaz Golshani Flechner 3103033342 P O Box 1110 Manhattan Beach CA 90267 X Mike Duckworth Director 1.00 0.00 X 0 0 0 Joan Jones Secretary 5.00 0.00 X X 0 0 0 Sheri Lietzow President 1.00 0.00 X 0 0 0 Ida VanderPoorte Treasurer 5.00 0.00 X X 0 0 0 Rich Weiss CIO 5.00 0.00 X X 0 0 0 Geoff Bremer Director 1.00 0.00 X 0 0 0 Jim Armstrong Director 1.00 0.00 X 0 0 0 Jeff Thaler Director 1.00 0.00 X 0 0 0 Jeff Serota Director 1.00 0.00 X 0 0 0 0 false false false 0 599991 11083903 44839 11683894 0 277749 277749 0 0 0 116034 70689 45345 45345 45345 0 0 0 0 12006988 45345 277749 116000 116000 0 0 0 0 0 61610 12290 49320 0 0 0 0 0 0 0 0 0 0 0 8858 8858 0 0 0 0 0 0 0 0 1740 1740 1237 1237 Community Relations 39571 4252 35319 Printing and Publications 31780 9331 22449 Bank charges & Merchant Fees 1962 232 1730 0 262758 116000 37940 108818 85377 117386 0 903409 0 0 0 0 0 13874 7114 1740 5374 12262974 0 0 0 0 85377 13303017 23535 0 23535 X 32104 10951856 344673 53273 1982953 85377 13279482 85377 13303017 11744230 1449875 X false true X true false X 300 910694 910994 0 0 300 910694 910994 0 910994 277749 277749 0 0 1188743 X 0.00000 Additional Supplemental Information - Support Schedule Neither of Line 8 or line 10 include realized gains/losses from the dispositon of capital assets or unrealized gains on holding capital assets. Unrealized Gains 2013 - $1,449,875, 2012 - $0Realized Gains 2013 - $45,345 2012 - $0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53273 11325485 1772969 116000 13035727 53273 53273 0.82140 0.15210 0.02650 false false false 7114 1740 5374 5374 X Part V, Line 4: Intended uses of the endowment fund. The endowment consists of a Board-Designated Fund, a Permanent Endowment Fund, and Temporarily Restricted Funds established to generate return which is sufficient to meet the current and expected future financial requirements of the Manhattan Beach Education Foundation. The organization was funded in the current fiscal year with a transfer from Manhattan Beach Education Foundation - 95-3881166. Part X : FIN48 Footnote 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. MBEF Endowment Fund is subject to potential income tax audits on open years by any taxing authority in which it operated. The statute of limitations for federal purposes is three years and for California purposes is four years. true Manhattan Beach Education FDN 325 Peck Ave Manhattan Beach CA 90266 953881166 501(c)(3) 116000 0 K-12 Educational Support 1 0 4 44839 Realized Value false false false Form 990, Part VI, Line 11b: Form 990 Review Process Form 990 is reviewed by the Board of Directors and signed by the Treasurer once approved. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management See general compensation policy. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Board approves a compensation budget and the compensation per employee but only up to the authorized budget amount. Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection The organization makes the annual returns available through Guidestar.com and upon request. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The organization holds open meetings monthly and publishes their Annual Report which is mailed to all donors. The Annual Report is also available on the organization's web site at www.mbef.org Manhattan Beach Education Foundation 325 S Peck Ave Manhattan Beach CA 90266 953881166 MBEF grants to MBUSD for education CA 501(c)3 Public Charity N/A false false true true false false false false false false false false false true true true true false false true Manhattan Beach Education Foundation b 116000 Cash Manhattan Beach Education Foundation c 599991 Cash Manhattan Beach Education Foundation o 40775 Cash Manhattan Beach Education Foundation s 10773200 FMV Part V(1)(s) The organization was funded in the currrent fiscal year with a transfer from Manhattan Beach Education Foundation - 95-3881166 in the amount of $10,773,200.