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← REDONDO BEACH EDUCATIONAL FOUNDATION

Form 990 for tax year 2024

Filed by REDONDO BEACH EDUCATIONAL FOUNDATION.

Totals

Total revenue
$1,615,166
Total expenses
$1,870,898
Contributions and grants received
$1,185,188
Grants paid
$1,272,436
Program service revenue
$462,169
Investment income
$49,562
Other revenue
-$81,753
Total assets, end of year
$2,227,647
Total liabilities, end of year
$322,638
Net assets or fund balances, end of year
$1,905,009
Program services expenses (Part IX)
$1,599,703
Management and general expenses
$144,458
Fundraising expenses
$126,737
Program service expenses (Part III)
$1,599,703

Program services were 85.5% 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

    $169,438

  • 1e · Government grants (contributions)

    $9,833

  • 1f · All other contributions, gifts and grants

    $1,005,917

  • 1g · Noncash contributions included above

    $46,218

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

    total $462,169 · related or exempt $462,169

  • 3 · Investment income

    total $282 · excluded $282

  • 7a · Gross sales of assets other than inventory

    securities $387,910

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

    securities $338,630

  • 7c · Gain or loss

    securities $49,280

  • 7d · Net gain or loss

    total $49,280 · excluded $49,280

  • 8a · Fundraising events: gross income

    $44,250

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

    $169,438

  • 8b · Fundraising events: direct expenses

    $143,328

  • 8c · Net income from fundraising events

    total -$99,078 · excluded -$99,078

  • 9a · Gaming: gross income

    $17,325

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $17,325 · excluded $17,325

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,269,436 · program services $1,269,436

  • 2 · Grants to domestic individuals

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

  • 5 · Compensation of officers, directors and key employees

    total $155,799 · program services $51,413 · management and general $31,160 · fundraising $73,226

  • 7 · Other salaries and wages

    total $174,884 · program services $132,062 · management and general $41,336 · fundraising $1,486

  • 8 · Pension plan contributions

    total $5,076 · program services $1,854 · management and general $1,587 · fundraising $1,635

  • 9 · Other employee benefits

    total $5,992 · program services $2,189 · management and general $1,873 · fundraising $1,930

  • 10 · Payroll taxes

    total $27,968 · program services $16,152 · management and general $5,819 · fundraising $5,997

  • 11b · Fees: legal

    total $110 · management and general $110

  • 11c · Fees: accounting

    total $23,975 · management and general $23,975

  • 11f · Fees: investment management

    total $9,788 · management and general $9,788

  • 11g · Fees: other

    total $771 · program services $540 · management and general $193 · fundraising $38

  • 12 · Advertising and promotion

    total $21,072 · program services $1,806 · management and general $150 · fundraising $19,116

  • 13 · Office expenses

    total $6,506 · program services $1,136 · management and general $2,675 · fundraising $2,695

  • 14 · Information technology

    total $9,798 · program services $2,050 · management and general $4,749 · fundraising $2,999

  • 16 · Occupancy

    total $15,090 · program services $1,253 · management and general $12,731 · fundraising $1,106

  • 17 · Travel

    total $1,570 · program services $573 · management and general $491 · fundraising $506

  • 23 · Insurance

    total $9,639 · program services $1,928 · management and general $7,711

  • 24a · Other expenses: PROGRAMMATIC EXPENSES

    total $101,080 · program services $101,080

  • 24b · Other expenses: LICENSES & FEES

    total $29,344 · program services $13,231 · management and general $110 · fundraising $16,003

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $829,931 · end of year $566,874

  • 2 · Savings and temporary cash investments

    beginning of year $52,456 · end of year $42,267

  • 3 · Pledges and grants receivable

    beginning of year $232,582 · end of year $8,500

  • 4 · Accounts receivable

    beginning of year $16,970 · end of year $27,458

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,865 · end of year $18,397

  • 11 · Investments: publicly traded securities

    beginning of year $1,423,102 · end of year $1,543,561

  • 15 · Other assets

    beginning of year $32,237 · end of year $20,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $217,368 · end of year $58,026

  • 19 · Deferred revenue

    beginning of year $348,525 · end of year $246,125

  • 25 · Other liabilities

    beginning of year $30,357 · end of year $18,487

  • 27 · Net assets without donor restrictions

    beginning of year $1,760,311 · end of year $1,896,509

  • 28 · Net assets with donor restrictions

    beginning of year $257,582 · end of year $8,500

Mission and programs · 2024

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 $1,444,086 · Grants $1,272,436

  • 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 $155,617 · Revenue $462,169

As filed on the 2024 return.

Listed in Part VII

  • Lisa Hiatt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sam Ford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ben Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stephane Ernoux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Holly Kauffman

    DIRECTOR (UNTIL 10/31/24)

    Total calculated
    $0
    Hours/week
    2

  • David Taitelbaum

    DIRECTOR (UNTIL 02/28/25)

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Quihuis

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Audra Narikawa

    TREASURER (AS OF 08/01/24)

    Total calculated
    $0
    Hours/week
    4

  • Amanda Cartee

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Doris Donlou-Richmond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Robyn Toth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Sharon Day

    TREASURER (UNTIL 07/30/24)

    Total calculated
    $0
    Hours/week
    4

  • John Nemeth

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Gloria Macri

    EXECUTIVE DIRECTOR (AS OF 3/1/2025)

    Total calculated
    $73,930
    From this org
    $73,930
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kristi Bieber

    EXECUTIVE DIRECTOR (UNTIL 2/28/2025)

    Total calculated
    $132,450
    From this org
    $132,450
    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

    $1,262,010

    ANNUAL GRANT TO SUPPORT PROGRAMS TO STUDENTS; ANNUAL GRANT, WITH FUNDS DISTRIBUTED PROPORTIONALLY TO EACH SCHOOL BASED ON THE NUMBER OF PARTICIPATING WALKERS IN THE SKECHERS PIER TO PIER WALK.

Provenance

Return type
form_990
Tax year
2024
Filed
11 February 2026
IRS schema version
2024v5.5
Source object
202610429349300436

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