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Nonprofiteer
← PASADENA EDUCATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by PASADENA EDUCATIONAL FOUNDATION.

Totals

Total revenue
$5,076,581
Total expenses
$5,232,276
Contributions and grants received
$4,212,195
Grants paid
$1,224,936
Program service revenue
$544,394
Investment income
$319,992
Other revenue
$0
Total assets, end of year
$10,474,361
Total liabilities, end of year
$2,373,043
Net assets or fund balances, end of year
$8,101,318
Program services expenses (Part IX)
$4,440,371
Management and general expenses
$254,879
Fundraising expenses
$537,026
Program service expenses (Part III)
$4,440,371

Program services were 84.9% 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.

  • 1c · Fundraising events

    $128,087

  • 1f · All other contributions, gifts and grants

    $4,084,108

  • 2a · Program service revenue: SUMMER SCHOOL INCOME

    total $394,394 · related or exempt $394,394

  • 2b · Program service revenue: SERVICE FEE INCOME

    total $150,000 · related or exempt $150,000

  • 3 · Investment income

    total $354,724 · excluded $354,724

  • 7a · Gross sales of assets other than inventory

    securities $2,917,263

  • 7b · Less cost or other basis and sales expenses

    securities $2,951,995

  • 7c · Gain or loss

    securities -$34,732

  • 7d · Net gain or loss

    total -$34,732 · excluded -$34,732

  • 8a · Fundraising events: gross income

    $85,388

  • 8a · Fundraising events: contributions included on line 1c

    $128,087

  • 8b · Fundraising events: direct expenses

    $85,388

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $845,184 · program services $845,184

  • 2 · Grants to domestic individuals

    total $379,752 · program services $379,752

  • 5 · Compensation of officers, directors and key employees

    total $204,751 · program services $126,945 · management and general $38,903 · fundraising $38,903

  • 7 · Other salaries and wages

    total $1,427,483 · program services $1,053,978 · management and general $95,392 · fundraising $278,113

  • 8 · Pension plan contributions

    total $39,283 · program services $22,662 · management and general $4,162 · fundraising $12,459

  • 9 · Other employee benefits

    total $111,613 · program services $65,346 · management and general $13,690 · fundraising $32,577

  • 10 · Payroll taxes

    total $128,530 · program services $95,653 · management and general $9,728 · fundraising $23,149

  • 11f · Fees: investment management

    total $47,825 · management and general $47,825

  • 11g · Fees: other

    total $397,542 · program services $349,606 · management and general $26,716 · fundraising $21,220

  • 13 · Office expenses

    total $139,103 · program services $67,506 · management and general $16,394 · fundraising $55,203

  • 17 · Travel

    total $20,396 · program services $20,396

  • 19 · Conferences, conventions and meetings

    total $107,289 · program services $107,289

  • 23 · Insurance

    total $6,469 · program services $2,800 · management and general $2,069 · fundraising $1,600

  • 24a · Other expenses: PROGRAM MATERIALS

    total $842,983 · program services $842,983

  • 24b · Other expenses: SCHOOL EVENTS & TRIPS

    total $350,308 · program services $350,308

  • 24c · Other expenses: COMMUNITY ENGAGEMENT

    total $73,802 · fundraising $73,802

  • 24d · Other expenses: STIPENDS

    total $62,275 · program services $62,275

  • 24e · All other expenses

    total $47,688 · program services $47,688

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,199,985 · end of year $1,555,528

  • 2 · Savings and temporary cash investments

    beginning of year $987,664 · end of year $507,952

  • 4 · Accounts receivable

    beginning of year $25,593 · end of year $225,466

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,595 · end of year $32,647

  • 11 · Investments: publicly traded securities

    beginning of year $7,761,160 · end of year $7,574,711

  • 12 · Investments: other securities

    beginning of year $453,497 · end of year $578,057

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,761,645 · end of year $2,201,933

  • 19 · Deferred revenue

    beginning of year $138,171 · end of year $171,110

  • 27 · Net assets without donor restrictions

    beginning of year $459,384 · end of year $1,235,974

  • 28 · Net assets with donor restrictions

    beginning of year $7,096,294 · end of year $6,865,344

Mission and programs · 2023

Mission

THE PASADENA EDUCATIONAL FOUNDATION'S MISSION IS WORKING TO ACHIEVE EXCELLENCE AND EQUITY IN ALL PASADENA UNIFIED SCHOOL DISTRICT (PUSD) SCHOOLS.

Activities or mission (Part I)

FUNDRAISING FOR PASADENA AREA PUBLIC SCHOOLS, INCLUDING ALTADENA, PASADENA AND SIERRA MADRE.

  • PASADENA EDUCATIONAL FOUNDATION (PEF) IS A NON-PROFIT COMMUNITY-BASED ORGANIZATION WHICH JOINS THE PUBLIC AND PRIVATE SECTORS IN A PARTNERSHIP TO (1) DEVELOP SUPPLEMENTARY FINANCIAL SUPPORT FOR PASADENA UNIFIED SCHOOL DISTRICT (PUSD) PROGRAMS, (2) ENCOURAGE DEDICATED TEACHERS BY FUNDING CREATIVE PROJECTS AND (3) PROMOTE COMMUNITY-WIDE CONFIDENCE IN THE PUSD AND ITS SCHOOLS. SEE SCHEDULE I FOR A LISTING OF THIS FISCAL YEAR'S PROGRAM SERVICE GRANTS AND OTHER ASSISTANCE. IN ADDITION TO CONTRIBUTIONS DIRECTLY RECEIVED BY THE PEF FROM PRIVATE AND PUBLIC SECTORS, THE PEF, IN COORDINATION WITH THE PUSD, SOLICITS CONTRIBUTIONS THAT GO DIRECTLY FROM THE DONOR TO THE PUSD.

    Expenses $3,419,394 · Grants $1,224,936 · Revenue $150,000

  • PEF HAS PROVIDED A SUMMER ENRICHMENT PROGRAM FOR LOCAL STUDENTS EACH SUMMER SINCE 2003. THE PROGRAM IS PARTIALLY FUNDED BY REASONABLE STUDENT-PAID TUITION, WITH TUITION ASSISTANCE AWARDED ON AN AS-NEEDED BASIS. IN 2023, THE PROGRAM SERVED APPROXIMATELY 1,050 STUDENTS ACROSS ALL GRADE LEVELS. OVER 75 UNIQUE ENRICHMENT CLASSES WERE OFFERED, INCLUDING DRAMA, ART, MATH, CREATIVE WRITING, CHESS, TENNIS, ROBOTICS, COMPUTER SKILLS, FILMMAKING, SPANISH, MANDARIN, AND FRENCH IMMERSION, AND MANY MORE.

    Expenses $1,020,977 · Revenue $394,394

As filed on the 2023 return.

Listed in Part VII

  • Alma M Stokes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Angelita Mont O'Brien

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carina Jacobs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • D Barton Doyle

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Dawn Carson O'Keeffe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Del Lile

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Dominick Correy

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Eizabth Pomeroy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Erik Berg

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Felita Kealing

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Frances Dayman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • George A Brumder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Heather Backstrom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • James Patterson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Miyake-Trapp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jonathan S Fuhrman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Julia McCallin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Karen Burgess

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Karina Montilla Edmonds

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lawayne Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Lawton Gray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Linda Morales

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Luisa Rengifo-Estrada

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Mabell Garcia Paine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marguerite Ann Snow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mimi Carter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Niki Elliott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Patrick Zarifian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Richard Kidd

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Sarah Deschenes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sharon Lefler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tamerlin J Godley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Teri Richardson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Will Morris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • William B Creim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • William E Thomson Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Patrick Conyers

    EXECUTIVE DIRECTOR

    Total calculated
    $199,500
    From this org
    $190,000
    From related orgs
    $0
    Other
    $9,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,000
    Bonus
    $0
    Other
    $0
    Deferred
    $9,500
    Nontaxable benefits
    $0
    Filer's total
    $199,500

  • David Spiro

    DEVELOPMENT DIRECTOR

    Total calculated
    $115,188
    From this org
    $109,699
    From related orgs
    $0
    Other
    $5,489
    Hours/week
    40

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 · 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

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE COMMITTEE MEETS TO DETERMINE THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND USES COMPARABLE LOCAL NONPROFIT SALARIES AND EXPERIENCE, TO DETERMINE SALARY RANGE. THE EXECUTIVE DIRECTOR RECOMMENDS TO THE EXECUTIVE COMMITTEE COMPENSATION LEVELS FOR ALL EMPLOYEES. THE BOARD OF DIRECTORS APPROVES THE BUDGET WHICH INCLUDES COMPENSATION.

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

  • PASADENA UNIFIED SCHOOL DISTRICT

    $845,184

    SUPPORT PASADENA UNIFIED SCHOOL DISTRICT PROGRAMS. SEE SCH. I, PART IV FOR PROGRAM LISTING.

Provenance

Return type
form_990
Tax year
2023
Filed
4 April 2025
IRS schema version
2023v6.0
Source object
202500949349301335

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