Form 990 for tax year 2022
Filed by PALOS VERDES PENINSULA EDUCATION FOUNDATION.
Totals
- Total revenue
- $4,540,776
- Total expenses
- $4,010,249
- Contributions and grants received
- $2,448,443
- Grants paid
- $2,101,005
- Program service revenue
- $2,153,407
- Investment income
- $133,343
- Other revenue
- -$194,417
- Total assets, end of year
- $6,803,772
- Total liabilities, end of year
- $779,282
- Net assets or fund balances, end of year
- $6,024,490
- Program services expenses (Part IX)
- $3,457,313
- Management and general expenses
- $258,929
- Fundraising expenses
- $294,007
- Program service expenses (Part III)
- $3,457,313
Program services were 86.2% 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
$1,449,100
-
1f · All other contributions, gifts and grants
$999,343
-
1g · Noncash contributions included above
$328,265
-
2a · Program service revenue: SUMMER PROGRAMS
total $2,153,407 · related or exempt $2,153,407
-
3 · Investment income
total $133,343 · excluded $133,343
-
8a · Fundraising events: gross income
$190,850
-
8a · Fundraising events: contributions included on line 1c
$1,449,100
-
8b · Fundraising events: direct expenses
$394,623
-
8c · Net income from fundraising events
total -$203,773 · excluded -$203,773
-
11a · Other revenue: MISCELLANEOUS INCOME
total $9,356 · excluded $9,356
-
11e · Other revenue, total
$9,356
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,057,000 · program services $2,057,000
-
2 · Grants to domestic individuals
total $44,005 · program services $44,005
-
5 · Compensation of officers, directors and key employees
total $111,095 · program services $73,323 · management and general $17,775 · fundraising $19,997
-
7 · Other salaries and wages
total $1,191,577 · program services $936,666 · management and general $133,754 · fundraising $121,157
-
9 · Other employee benefits
total $5,277 · program services $4,665 · management and general $332 · fundraising $280
-
10 · Payroll taxes
total $77,219 · program services $65,620 · management and general $6,006 · fundraising $5,593
-
11b · Fees: legal
total $165 · management and general $165
-
11c · Fees: accounting
total $28,350 · management and general $28,350
-
11g · Fees: other
total $3,979 · management and general $3,979
-
12 · Advertising and promotion
total $41,193 · program services $871 · fundraising $40,322
-
13 · Office expenses
total $21,069 · program services $4,280 · management and general $4,197 · fundraising $12,592
-
14 · Information technology
total $55,993 · program services $3,146 · management and general $13,212 · fundraising $39,635
-
16 · Occupancy
total $17,826 · program services $17,826
-
19 · Conferences, conventions and meetings
total $4,169 · management and general $1,042 · fundraising $3,127
-
23 · Insurance
total $52,988 · program services $19,974 · management and general $33,014
-
24a · Other expenses: CREDIT CARD SERVICE FEE
total $172,444 · program services $106,322 · management and general $16,531 · fundraising $49,591
-
24b · Other expenses: SUPPLIES
total $71,160 · program services $71,160
-
24c · Other expenses: OTHER EXPENSES
total $53,750 · program services $52,455 · management and general $324 · fundraising $971
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $990 · management and general $248 · fundraising $742
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $584,126 · end of year $1,573,328
-
2 · Savings and temporary cash investments
beginning of year $1,254,213 · end of year $360,934
-
4 · Accounts receivable
end of year $3,435
-
9 · Prepaid expenses and deferred charges
beginning of year $123,024 · end of year $10,940
-
11 · Investments: publicly traded securities
beginning of year $4,338,240 · end of year $4,817,204
-
15 · Other assets
beginning of year $0 · end of year $37,931
-
17 · Accounts payable and accrued expenses
beginning of year $365,203 · end of year $343,498
-
19 · Deferred revenue
beginning of year $830,133 · end of year $435,784
-
27 · Net assets without donor restrictions
beginning of year $4,749,096 · end of year $5,665,023
-
28 · Net assets with donor restrictions
beginning of year $355,171 · end of year $359,467
Mission and programs · 2022
Mission
SUPPORT THE PALOS VERDES PENINSULA UNIFIED SCHOOL DISTRICT TO HELP FUND EDUCATIONAL PROGRAMS THAT PROVIDE HIGH QUALITY PUBLIC EDUCATION.
-
THE ORGANIZATION RAISES MONEY TO FUND EDUCATIONAL PROGRAMS SUCH AS K-12 TEACHERS, MUSIC TEACHERS, PE TEACHERS, COUNSELORS, LIBRARY AIDES AND STEM ACTIVITIES.
Expenses $2,057,000 · Grants $2,057,000
-
THE FOUNDATION RUNS SUMMER CAMP PROGRAMS FOR K-8, SUMMER SCHOOL FOR HIGH SCHOOL STUDENTS GRADE 9-12, AND SUMMER SPORTS PROGRAMS FOR HIGH SCHOOL STUDENTS GRADES 9-12. THE NET PROCEEDS FROM THESE PROGRAMS HELP THE FOUNDATION MEET ITS ANNUAL PLEDGE TO THE PALOS VERDES PENINSULA SCHOOL DISTRICT (PVPUSD).
Expenses $1,356,308 · Revenue $2,153,407
-
PROVIDES SCHOLARSHIPS TO EDUCATORS AND STUDENTS.
Expenses $44,005 · Grants $44,005
As filed on the 2022 return.
Listed in Part VII
-
Jen MentesanaJEN MENTESANA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Ryan YakubikRYAN YAKUBIK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kelly CookKELLY COOK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Moise InnocentMOISE INNOCENT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carlie GarberCARLIE GARBER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Catherine GrennanCATHERINE GRENNAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mariko HamaMARIKO HAMA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Todd HollingsheadTODD HOLLINGSHEAD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jean ChristenJEAN CHRISTEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alex KouzmanoffALEX KOUZMANOFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Corry MatthewsCORRY MATTHEWS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carrie LambertCARRIE LAMBERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Connie LaiCONNIE LAI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Betty Lin PetersonBETTY LIN PETERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gina McDuffieGINA MCDUFFIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alyson McFersonALYSON MCFERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Keyla MontgomeryKEYLA MONTGOMERY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Wendy MoultonWENDY MOULTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lisa PaolucciLISA PAOLUCCI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alex ShenALEX SHEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stefani TurnerSTEFANI TURNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jacqui WithersJACQUI WITHERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steven BrendeSTEVEN BRENDE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Laura HughesLAURA HUGHES
EXECUTIVE DIRECTOR
- Total calculated
- $119,160
- From this org
- $113,448
- From related orgs
- $0
- Other
- $5,712
- 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.
Grants on this return
-
PALOS VERDES PENINSULA UNIFIED SCHOOL DISTRICT
$2,057,000
FUND TEACHERS, COUNSELORS, MUSIC, LIBRARY AND STEM.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441369349315039
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