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← REDONDO BEACH EDUCATIONAL FOUNDATION

Form 990 for tax year 2022

Filed by REDONDO BEACH EDUCATIONAL FOUNDATION.

Totals

Total revenue
$2,123,889
Total expenses
$1,985,830
Contributions and grants received
$1,777,165
Grants paid
$1,276,333
Program service revenue
$386,544
Investment income
-$16,756
Other revenue
-$23,064
Total assets, end of year
$2,358,021
Total liabilities, end of year
$493,526
Net assets or fund balances, end of year
$1,864,495
Program services expenses (Part IX)
$1,719,513
Management and general expenses
$126,181
Fundraising expenses
$140,136
Program service expenses (Part III)
$1,719,513

Program services were 86.6% 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.

  • 1c · Fundraising events

    $121,039

  • 1e · Government grants (contributions)

    $5,000

  • 1f · All other contributions, gifts and grants

    $1,651,126

  • 1g · Noncash contributions included above

    $21,249

  • 2a · Program service revenue: SUMMER SESSION & SEA H

    total $386,544 · related or exempt $386,544

  • 3 · Investment income

    total $245 · excluded $245

  • 7a · Gross sales of assets other than inventory

    securities $674,411

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

    securities $691,412

  • 7c · Gain or loss

    securities -$17,001

  • 7d · Net gain or loss

    total -$17,001 · excluded -$17,001

  • 8a · Fundraising events: gross income

    $52,785

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

    $121,039

  • 8b · Fundraising events: direct expenses

    $90,849

  • 8c · Net income from fundraising events

    total -$38,064 · excluded -$38,064

  • 9a · Gaming: gross income

    $16,419

  • 9b · Gaming: direct expenses

    $1,419

  • 9c · Net income from gaming

    total $15,000 · excluded $15,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,273,333 · program services $1,273,333

  • 2 · Grants to domestic individuals

    total $3,000 · program services $3,000

  • 5 · Compensation of officers, directors and key employees

    total $125,000 · program services $37,500 · management and general $25,000 · fundraising $62,500

  • 7 · Other salaries and wages

    total $377,195 · program services $310,447 · management and general $52,315 · fundraising $14,433

  • 9 · Other employee benefits

    total $13,713 · program services $4,909 · management and general $4,412 · fundraising $4,392

  • 10 · Payroll taxes

    total $38,645 · program services $26,638 · management and general $6,018 · fundraising $5,989

  • 11c · Fees: accounting

    total $20,921 · management and general $20,921

  • 11f · Fees: investment management

    total $8,333 · management and general $8,333

  • 12 · Advertising and promotion

    total $31,579 · program services $4,070 · management and general $244 · fundraising $27,265

  • 13 · Office expenses

    total $1,934 · program services $367 · management and general $784 · fundraising $783

  • 14 · Information technology

    total $9,241 · program services $2,721 · management and general $3,166 · fundraising $3,354

  • 17 · Travel

    total $173 · program services $62 · management and general $56 · fundraising $55

  • 23 · Insurance

    total $5,913 · program services $1,183 · management and general $4,730

  • 24a · Other expenses: PROGRAMMATIC EXPENSES

    total $46,286 · program services $46,286

  • 24b · Other expenses: LICENSES & FEES

    total $30,276 · program services $8,796 · management and general $130 · fundraising $21,350

  • 24c · Other expenses: OUTSIDE SERVICES

    total $288 · program services $201 · management and general $72 · fundraising $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $578,999 · end of year $733,917

  • 2 · Savings and temporary cash investments

    beginning of year $52,026 · end of year $63,135

  • 3 · Pledges and grants receivable

    end of year $216,000

  • 4 · Accounts receivable

    beginning of year $18,989 · end of year $25,999

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,638 · end of year $24,427

  • 11 · Investments: publicly traded securities

    beginning of year $1,272,099 · end of year $1,294,543

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,726 · end of year $62,719

  • 19 · Deferred revenue

    beginning of year $307,393 · end of year $430,807

  • 27 · Net assets without donor restrictions

    beginning of year $1,592,632 · end of year $1,624,495

  • 28 · Net assets with donor restrictions

    end of year $240,000

Mission and programs · 2022

Mission

RBEF INSPIRES OUR COMMUNITY TO INVEST IN REDONDO BEACH SCHOOLS SO THAT EVERY STUDENT CAN DEVELOP KNOWLEDGE AND SKILLS THAT GO BEYOND WHAT PUBLIC FUNDING ALONE WOULD ACHIEVE.

  • THE REDONDO BEACH EDUCATIONAL FOUNDATION ("RBEF") IN PARTNERSHIP WITH INDIVIDUALS, COMMUNITY BUSINESSES, AND CORPORATIONS, PROVIDED ADDITIONAL FUNDING NEEDED TO ENHANCE THE EDUCATIONAL EXPERIENCE IN SUCH PROGRAMS AS MUSIC, SCIENCE, AND TECHNOLOGY TO ALL CHILDREN IN THE REDONDO BEACH UNIFIED SCHOOL DISTRICT ("RBUSD").

    Expenses $1,417,813 · Grants $1,276,333

  • RBEF ADMINISTERS THE RBUSD STUDENT SUMMER SESSION PROGRAMS FOR ACADEMICS AT THE ELEMENTARY, MIDDLE, AND HIGH SCHOOL LEVELS, AS WELL AS SUMMER ATHLETICS PROGRAMS (REFERRED TO AS THE SEA HAWK SPORTS CAMPS) FOR THE HIGH SCHOOL SPORTS PROGRAMS.

    Expenses $301,700 · Revenue $386,544

As filed on the 2022 return.

Listed in Part VII

  • Doris Donlou-Richmond

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • John Nemeth

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Sharon Day

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Robyn Toth

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Stephane Ernoux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ben Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amanda Cartee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ann Duke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kerri Wilkerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Audra Narikawa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Holly Kauffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kristi Bieber

    EXECUTIVE DIRECTOR

    Total calculated
    $83,423
    From this org
    $83,423
    From related orgs
    $0
    Other
    $0
    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

  • REDONDO BEACH UNIFIED SCHOOL DISTRICT

    $1,266,820

    VARIOUS DISTRICT-WIDE INITIATIVES INCLUDING ROBOTICS, PE TEACHERS, MUSIC TEACHERS, AVID SUPPORT, ESPORTS, TEACHER GRANTS AND SCHOOL-SITE IMPROVEMENT/ENHANCEMENT AT ALL 12 SCHOOLS.

Provenance

Return type
form_990
Tax year
2022
Filed
16 January 2024
IRS schema version
2022v5.0
Source object
202430169349304783

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