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← BAY EDUCATION FUND

Form 990 for tax year 2023

Filed by BAY EDUCATION FUND.

What the amendment changed

Compared with the return it replaced , filed 3 April 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,039,177 changed to $6,506,464
Total expenses
$1,097,769 changed to $3,941,962
Contributions and grants received
$1,038,322 changed to $6,495,000
Grants paid
$109,800 changed to $520,915
Investment income
$855 changed to $11,464
Total assets, end of year
$765,353 changed to $3,603,946
Total liabilities, end of year
$34,949 changed to $305,280
Net assets or fund balances, end of year
$730,404 changed to $3,298,666
Program services expenses
$797,720 changed to $2,976,140
Management and general expenses
$242,455 changed to $803,019
Fundraising expenses
$57,594 changed to $162,803
Program service expenses (Part III)
$797,720 changed to $2,976,140

Listed only on the later return

  • Crystal Arrizon
  • Rachel Heredia

Totals

Total revenue
$6,506,464
Total expenses
$3,941,962
Contributions and grants received
$6,495,000
Grants paid
$520,915
Program service revenue
$0
Investment income
$11,464
Other revenue
$0
Total assets, end of year
$3,603,946
Total liabilities, end of year
$305,280
Net assets or fund balances, end of year
$3,298,666
Program services expenses (Part IX)
$2,976,140
Management and general expenses
$803,019
Fundraising expenses
$162,803
Program service expenses (Part III)
$2,976,140

Program services were 75.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $6,495,000

  • 3 · Investment income

    total $11,464 · excluded $11,464

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $458,365 · program services $458,365

  • 2 · Grants to domestic individuals

    total $62,550 · program services $62,550

  • 5 · Compensation of officers, directors and key employees

    total $555,712 · program services $321,078 · management and general $176,793 · fundraising $57,841

  • 7 · Other salaries and wages

    total $453,110 · program services $261,796 · management and general $144,152 · fundraising $47,162

  • 8 · Pension plan contributions

    total $55,332 · program services $31,953 · management and general $17,618 · fundraising $5,761

  • 9 · Other employee benefits

    total $100,801 · program services $52,249 · management and general $38,433 · fundraising $10,119

  • 10 · Payroll taxes

    total $63,571 · program services $36,862 · management and general $20,142 · fundraising $6,567

  • 11b · Fees: legal

    total $5,281 · program services $1,100 · management and general $4,181

  • 11c · Fees: accounting

    total $25,639 · management and general $25,639

  • 11g · Fees: other

    total $1,779,101 · program services $1,435,173 · management and general $309,674 · fundraising $34,254

  • 13 · Office expenses

    total $25,564 · program services $11,109 · management and general $14,455

  • 14 · Information technology

    total $11,849 · program services $1,169 · management and general $10,514 · fundraising $166

  • 16 · Occupancy

    total $10,902 · program services $5,303 · management and general $4,838 · fundraising $761

  • 17 · Travel

    total $77,531 · program services $61,883 · management and general $15,476 · fundraising $172

  • 19 · Conferences, conventions and meetings

    total $244,183 · program services $235,550 · management and general $8,633

  • 23 · Insurance

    total $12,471 · management and general $12,471

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $720,410 · end of year $3,069,997

  • 3 · Pledges and grants receivable

    beginning of year $38,286 · end of year $500,000

  • 4 · Accounts receivable

    beginning of year $405 · end of year $124

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,252 · end of year $5,010

  • 10a · Land, buildings and equipment: cost or other basis

    $28,815

  • 10c · Land, buildings and equipment, net

    end of year $28,815

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,949 · end of year $305,280

  • 27 · Net assets without donor restrictions

    beginning of year $730,404 · end of year $2,798,666

  • 28 · Net assets with donor restrictions

    end of year $500,000

Mission and programs · 2023

Mission

Build a community investment fund that catalyzes local movements and transforms district capacity by bringing together families,communities, teachers, district leaders, and philanthropy to co-design a vision for students and implement proven solutions for change in schools.

  • South San Francisco - In close partnership with South San Francisco Unified School District and community leaders, crafted a comprehensive strategy to make the communitys student vision a reality. This strategy was adopted by the board with enthusiastic support from the community and the district has begun to align resources to the plan. We forged partnerships with two best-in-class providers who are transforming instruction to be high-quality and student-centered. We continued to train and support family leaders who provided critical input to the strategic plan.

    Expenses $1,993,010 · Grants $510,265

  • Ravenswood - We engaged over 1,100 students, families, educators, and community leaders to co-developed the Ravenswood Promise Learner Profile, a unified vision for students. This was unveiled to the community and adopted by the board in the spring. Additionally, over 50 family members participated in our leadership fellowship to deepened their understanding of achievement and opportunity gaps, how school systems work, research about effective schools, and what students need to thrive.

    Expenses $843,530 · Grants $10,650

  • Community Exploration - We engaged deeply with the district and community leadership in a potential community for expansion, interviewing over 20 stakeholders to learn about the community and assess a fit for partners.

    Expenses $139,600

As filed on the 2023 return.

Listed in Part VII

  • Paul Keys

    Managing Partner

    Total calculated
    $337,905
    From this org
    $296,712
    From related orgs
    $0
    Other
    $41,193
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,712
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,500
    Nontaxable benefits
    $18,693
    Filer's total
    $337,905

  • Ash Solar

    SecretaryPartner

    Total calculated
    $281,500
    From this org
    $259,000
    From related orgs
    $0
    Other
    $22,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,500
    Nontaxable benefits
    not reported
    Filer's total
    $281,500

  • Crystal Arrizon

    Associate Partner

    Total calculated
    $159,992
    From this org
    $127,389
    From related orgs
    $0
    Other
    $32,603
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,389
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,500
    Nontaxable benefits
    $10,103
    Filer's total
    $159,992

  • Rachel Heredia

    Associate Partner

    Total calculated
    $143,675
    From this org
    $117,443
    From related orgs
    $0
    Other
    $26,232
    Hours/week
    40

  • Tammy Crown

    President

    Total calculated
    $0
    Hours/week
    5

  • Michelle Boyers

    Treasurer

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
23 April 2025
IRS schema version
2023v6.0
Source object
202511989349300921

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