Skip to content
Nonprofiteer
← MARYMOUNT EDUCATION FOUNDATION

Form 990 for tax year 2024

Filed by MARYMOUNT EDUCATION FOUNDATION.

Totals

Total revenue
$48,319,648
Total expenses
$599,887
Contributions and grants received
$45,969,595
Grants paid
$155,943
Program service revenue
$0
Investment income
$2,350,053
Other revenue
$0
Total assets, end of year
$53,959,055
Total liabilities, end of year
$4,777,598
Net assets or fund balances, end of year
$49,181,457
Program services expenses (Part IX)
$327,305
Management and general expenses
$272,582
Fundraising expenses
$0
Program service expenses (Part III)
$327,305

Program services were 54.6% 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.

  • 1d · Related organizations

    $45,969,595

  • 3 · Investment income

    total $2,350,053 · excluded $2,350,053

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $155,943 · program services $155,943

  • 5 · Compensation of officers, directors and key employees

    total $189,000 · program services $94,500 · management and general $94,500

  • 10 · Payroll taxes

    total $13,438 · program services $6,719 · management and general $6,719

  • 11b · Fees: legal

    total $1,614 · management and general $1,614

  • 11c · Fees: accounting

    total $58,585 · management and general $58,585

  • 11f · Fees: investment management

    total $52,609 · management and general $52,609

  • 11g · Fees: other

    total $54,787 · program services $53,294 · management and general $1,493

  • 13 · Office expenses

    total $1,371 · management and general $1,371

  • 14 · Information technology

    total $5,799 · program services $2,149 · management and general $3,650

  • 16 · Occupancy

    total $30,750 · program services $14,700 · management and general $16,050

  • 23 · Insurance

    total $34,049 · management and general $34,049

  • 24a · Other expenses: MEALS

    total $1,752 · management and general $1,752

  • 24b · Other expenses: GIFTS

    total $190 · management and general $190

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,036 · end of year $5,017,711

  • 2 · Savings and temporary cash investments

    beginning of year $994,560 · end of year $7,482,353

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,660 · end of year $389,424

  • 11 · Investments: publicly traded securities

    end of year $36,839,346

  • 12 · Investments: other securities

    end of year $4,230,221

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,347 · end of year $3,527

  • 25 · Other liabilities

    beginning of year $0 · end of year $4,774,071

  • 27 · Net assets without donor restrictions

    beginning of year $848,007 · end of year $49,154,498

  • 28 · Net assets with donor restrictions

    beginning of year $182,902 · end of year $26,959

Mission and programs · 2024

Mission

MARYMOUNT EDUCATION FOUNDATION FUNDS EDUCATIONAL GRANTS, SCHOLARSHIPS, AND PROGRAMS IN ORDER TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS WHO ARE BEYOND THE COMPULSORY SCHOOL ATTENDANCE AGE TO ACQUIRE A HIGHER LEVEL OF KNOWLEDGE, SKILLS, AND SPECIALIZATION IN THEIR CHOSEN AREAS OF INTEREST WITHIN A FORMAL SCHOOL SETTING, INCLUDING, BUT NOT LIMITED TO, UNIVERSITIES AND OTHER DEGREE GRANTING INSTITUTIONS.

  • MARYMOUNT SCHOLARS PROGRAM: THE MARYMOUNT SCHOLARS PROGRAM, A CHARITABLE PROGRAM WITHIN THE MARYMOUNT EDUCATION FOUNDATION, CARRIES ON MARYMOUNT CALIFORNIA UNIVERSITY'S ("MCU") MISSION OF TRANSFORMING LIVES THROUGH EDUCATION BY AWARDING COLLEGE SCHOLARSHIPS AND PROVIDING A SUPPORTIVE COMMUNITY TO FRESHMAN AND TRANSFER STUDENTS. THE MARYMOUNT SCHOLARS PROGRAM PARTNERS WITH COLLEGES AND UNIVERSITIES THAT ALIGN WITH MCU'S TRADITION AND VALUES THAT ARE ROOTED IN CATHOLIC HIGHER EDUCATION, INCLUDING: A COMMITMENT TO EDUCATING THE WHOLE PERSON; A PERSONAL, COMMUNAL, AND ETHICS-BASED APPROACH TO LEARNING; RECOGNITION OF THE HARMONY OF FAITH AND REASON; OPENNESS TO ALL BACKGROUNDS AND FAITHS; IMPORTANCE OF INTEGRATIVE KNOWLEDGE; COMMITMENT TO THE DIGNITY OF THE INDIVIDUAL; AND CONCERN FOR WIDER ISSUES OF JUSTICE IN SOCIETY. LIKE AT MCU, THE MARYMOUNT SCHOLARS PROGRAM SEEKS TO ASSIST HIGH POTENTIAL STUDENTS FROM LOWER SOCIO-ECONOMIC BACKGROUNDS IN THE 2.7-3.3 GPA RANGE BY OFFERING FINANCIAL SUPPORT, PERSONAL ATTENTION, AND PROFESSIONAL MENTORSHIP.

    Expenses $327,305 · Grants $155,943

  • EDUCATIONAL GRANTS: MEF WILL SUPPORT EDUCATIONAL INITIATIVES THAT PROMOTE ACCESS, DEGREE ATTAINMENT, AND A COMMUNITY OF LEARNERS. THIS PROGRAM IS NOT YET DEFINED AND IS NOT YET ACTIVE.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rick Edler

    CHAIRMAN/PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Ariane Schauer

    VICE PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    15

  • Brian Marcotte

    TREASURER

    Total calculated
    $0
    Hours/week
    15

  • Antoine-Marie Baurier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dave Tomblin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Sue Soldoff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Mark Villano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Caroline Sayers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Ryan Alcantara

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Robyn Jones

    EXECUTIVE DIRECTOR

    Total calculated
    $189,000
    From this org
    $165,000
    From related orgs
    $0
    Other
    $24,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,000
    Filer's total
    $189,000

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 · Compensation committee
  • 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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202532959349301343

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.