Form 990 for tax year 2022
Filed by SANTA MONICA EDUCATION FOUNDATION.
Totals
- Total revenue
- $3,929,693
- Total expenses
- $3,943,390
- Contributions and grants received
- $3,317,338
- Grants paid
- $2,376,850
- Program service revenue
- $0
- Investment income
- $574,631
- Other revenue
- $37,724
- Total assets, end of year
- $12,353,212
- Total liabilities, end of year
- $1,866
- Net assets or fund balances, end of year
- $12,351,346
- Program services expenses (Part IX)
- $2,997,643
- Management and general expenses
- $896,005
- Fundraising expenses
- $49,742
- Program service expenses (Part III)
- $2,997,643
Program services were 76.0% 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
$307,318
-
1f · All other contributions, gifts and grants
$3,010,020
-
3 · Investment income
total $312,947 · excluded $312,947
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $12,001,897
-
7b · Less cost or other basis and sales expenses
securities $11,740,213
-
7c · Gain or loss
securities $261,684
-
7d · Net gain or loss
total $261,684 · excluded $261,684
-
8a · Fundraising events: gross income
$307,318
-
8b · Fundraising events: direct expenses
$288,891
-
8c · Net income from fundraising events
total $18,427
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Summer School
total $19,297 · related or exempt $19,297
-
11e · Other revenue, total
$19,297
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,145,380 · program services $2,145,380
-
2 · Grants to domestic individuals
total $231,470 · program services $231,470
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $683,673 · program services $429,128 · management and general $254,545
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $93,398 · management and general $63,398 · fundraising $30,000
-
12 · Advertising and promotion
total $55,936 · program services $7,074 · management and general $31,231 · fundraising $17,631
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $66,765 · program services $57,417 · management and general $9,348
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $7,272 · management and general $7,272
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,190 · management and general $2,190
-
23 · Insurance
total $22,489 · management and general $22,489
-
24a · Other expenses: In Kind Expenses
total $418,908 · management and general $418,908
-
24b · Other expenses: Bank Charges
total $66,459 · program services $42,376 · management and general $23,416 · fundraising $667
-
24c · Other expenses: Investment Management Fees
total $52,044 · program services $22,077 · management and general $29,967
-
24d · Other expenses: Website Management
total $24,048 · program services $5,063 · management and general $18,985
-
24e · All other expenses
total $73,358 · program services $57,658 · management and general $14,256 · fundraising $1,444
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $1,679,704 · end of year $906,523
-
3 · Pledges and grants receivable
beginning of year $147,821 · end of year $89,500
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $25,645 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$72,340
-
10b · Land, buildings and equipment: accumulated depreciation
$71,823
-
10c · Land, buildings and equipment, net
beginning of year $2,927 · end of year $517
-
11 · Investments: publicly traded securities
beginning of year $10,459,466 · end of year $11,356,672
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $231,018 · end of year $1,866
-
18 · Grants payable
beginning of year $36,421
-
19 · Deferred revenue
beginning of year $14,527
-
27 · Net assets without donor restrictions
beginning of year $1,004,782 · end of year $438,755
-
28 · Net assets with donor restrictions
beginning of year $11,028,815 · end of year $11,912,591
Mission and programs · 2022
Mission
The Santa Monica Education Foundation (SMEF) raises funds to enhance and supplement the curriculum of every public school in the city of Santa Monica.
Activities or mission (Part I)
Our Mission is to engage the community to invest in a vibrant educational experience for all.
-
See Schedule O
Expenses $2,997,643 · Grants $2,376,850 · Revenue $19,297
As filed on the 2022 return.
Listed in Part VII
-
Mikko Sperber
Executive Dir.
- Total calculated
- $222,399
- From this org
- $222,399
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Rachel Faulkner
COO
- Total calculated
- $127,840
- From this org
- $127,840
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
John Baracy
President
- Total calculated
- $0
- Hours/week
- 0
-
Paula Larmore
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Kelly Naylor
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Danny Guggenheim
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Connie Alvarez
Director
- Total calculated
- $0
- Hours/week
- 0
-
Emily Arms
Director
- Total calculated
- $0
- Hours/week
- 0
-
Monica Batra
Director
- Total calculated
- $0
- Hours/week
- 0
-
Elyse Bennett
Director
- Total calculated
- $0
- Hours/week
- 0
-
Thea Cappiccille
Director
- Total calculated
- $0
- Hours/week
- 0
-
Alison Havel
Director
- Total calculated
- $0
- Hours/week
- 0
-
Deb Love
Director
- Total calculated
- $0
- Hours/week
- 0
-
Duncan Rolph
Director
- Total calculated
- $0
- Hours/week
- 0
-
Marilyn Speakman
Director
- Total calculated
- $0
- Hours/week
- 0
-
Elizabeth Urquhart
Director
- Total calculated
- $0
- Hours/week
- 0
-
Julie Waterstone
Director
- Total calculated
- $0
- Hours/week
- 0
-
Yolanda Lewis
Marketing Assoc
- Total calculated
- $0
- Hours/week
- 40
-
Debra Burgin
Development Dir
- Total calculated
- $0
- Hours/week
- 40
-
Heather Epps
Fundraising Dir
- Total calculated
- $0
- Hours/week
- 40
-
Kimberly Eyler
Data Associate
- Total calculated
- $0
- Hours/week
- 24.5
-
Kyle Koehler
Teacher
- Total calculated
- $0
- Hours/week
- 30
-
Tova Larsen
Director of Gifts
- Total calculated
- $0
- Hours/week
- 40
-
Linda Greenberg
Interim Director
- Total calculated
- $0
- Hours/week
- 70
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
None.
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
-
Santa Monica Malibu USD
$2,145,380
For Arts, ACAD and Athletic Program
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421359349311302
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