Form 990 for tax year 2023
Filed by THE EL SEGUNDO EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $2,338,906
- Total expenses
- $2,242,926
- Contributions and grants received
- $1,477,607
- Grants paid
- $0
- Program service revenue
- $144,527
- Investment income
- $160,967
- Other revenue
- $555,805
- Total assets, end of year
- $4,085,987
- Total liabilities, end of year
- $231,727
- Net assets or fund balances, end of year
- $3,854,260
- Program services expenses (Part IX)
- $2,098,906
- Management and general expenses
- $49,639
- Fundraising expenses
- $94,381
- Program service expenses (Part III)
- $2,098,906
Program services were 93.6% 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.
-
1e · Government grants (contributions)
$136,078
-
1f · All other contributions, gifts and grants
$1,341,529
-
2a · Program service revenue: BAND - ELEMENTARY PROGRAM
-
2b · Program service revenue: SEASIDE STRINGS
total $37,166 · related or exempt $37,166
-
2c · Program service revenue: SUMMER ENRICHMENT ACADEMY
total $107,361 · related or exempt $107,361
-
3 · Investment income
total $112,926 · related or exempt $112,926
-
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 $324,248
-
7b · Less cost or other basis and sales expenses
securities $276,207
-
7c · Gain or loss
securities $48,041
-
7d · Net gain or loss
total $48,041 · related or exempt $48,041
-
8a · Fundraising events: gross income
$634,315
-
8b · Fundraising events: direct expenses
$78,510
-
8c · Net income from fundraising events
total $555,805 · excluded $555,805
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $333,123 · program services $218,245 · management and general $36,190 · fundraising $78,688
-
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 $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $6,404 · program services $4,487 · management and general $639 · fundraising $1,278
-
14 · Information technology
total $8,692 · program services $6,954 · management and general $869 · fundraising $869
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $8,537 · program services $4,605 · management and general $764 · fundraising $3,168
-
24a · Other expenses: GRANTS
total $1,800,000 · program services $1,800,000
-
24b · Other expenses: PROFESSIONAL FEES
total $35,206 · program services $17,662 · management and general $11,177 · fundraising $6,367
-
24c · Other expenses: PROGRAM - OTHER COSTS
total $33,129 · program services $33,129
-
24d · Other expenses: BANK CHARGES
total $17,083 · program services $13,373 · fundraising $3,710
-
24e · All other expenses
total $752 · program services $451 · fundraising $301
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $240,643 · end of year $312,477
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $96
-
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
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $3,277,415 · end of year $3,733,144
-
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
beginning of year $241,270 · end of year $40,270
-
17 · Accounts payable and accrued expenses
end of year $36,150
-
18 · Grants payable
beginning of year $200,000
-
19 · Deferred revenue
beginning of year $76,254 · end of year $155,307
-
21 · Escrow or custodial account liability
beginning of year $41,270 · end of year $40,270
-
27 · Net assets without donor restrictions
beginning of year $3,441,804 · end of year $3,854,260
Mission and programs · 2023
Mission
THE EL SEGUNDO EDUCATION FOUNDATION REPRESENTS A PARTNERSHIP OF BUSINESSES, INDIVIDUALS AND FAMILIES ORGANIZED TO SUPPORT AND ENHANCE PROGRAMS OF THE EL SEGUNDO UNIFIED SCHOOL DISTRICT AND TO PROMOTE EXCELLENCE IN EDUCATION.
-
ESUSD SUPPORT PROGRAMS PROVIDE FUNDS FOR EDUCATIONAL PROGRAMS AND TECHNOLOGICAL EQUIPMENT FOR OVER 3,400 KINDERGARTEN THROUGH 12TH GRADE STUDENTS OF EL SEGUNDO UNIFIED SCHOOL DISTRICT.
Expenses $1,919,276
-
EL SEGUNDO EDUCATION FOUNDATION'S WASC (WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES) ACCREDITED SUMMER ACADEMY PROGRAM PROVIDES ACADEMIC AND ENRICHMENT COURSES TO ALL LEVELS OF STUDENTS OF EL SEGUNDO AND NEIGHBORING CITIES.
Expenses $110,800 · Revenue $107,361
-
SEASIDE STRINGS IS AN INSTRUMENTAL STRINGS PROGRAM AVAILABLE TO ALL 3RD THROUGH 8TH GRADE STUDENTS IN THE ESUSD. THIS FEE-BASED, AFTER-SCHOOL PROGRAM IS AN EXTRACURRICULAR ACTIVITY, OFFERED ONCE A WEEK ACROSS TWO SEMESTERS.
Expenses $68,830 · Revenue $37,166
As filed on the 2023 return.
Listed in Part VII
-
Michelle NievesMICHELLE NIEVES
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Erec FitzgeraldEREC FITZGERALD
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rupesh BhaktaRUPESH BHAKTA
CFO
- Total calculated
- $0
- Hours/week
- 1
-
Barbara BrineyBARBARA BRINEY
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Shaun BaptisteSHAUN BAPTISTE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christa CabanCHRISTA CABAN
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Neil CadmanNEIL CADMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Danielle ChristianDANIELLE CHRISTIAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Marsha HansonMARSHA HANSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lily CraigLILY CRAIG
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sherry KramerSHERRY KRAMER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rich HeisenRICH HEISEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Linda JohnsonLINDA JOHNSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Laura JordanLAURA JORDAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Judy Lai-YatesJUDY LAI-YATES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Richard LundquistRICHARD LUNDQUIST
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shannon MagidSHANNON MAGID
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lauren WeinbaumLAUREN WEINBAUM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brenda NewmanBRENDA NEWMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tim FreiTIM FREI
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michele A RogersMICHELE A ROGERS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christine SherrillCHRISTINE SHERRILL
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Heather SutherlandHEATHER SUTHERLAND
Director
- Total calculated
- $0
- Hours/week
- 1
-
William WatkinsWILLIAM WATKINS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kathy WileyKATHY WILEY
Director
- Total calculated
- $0
- Hours/week
- 1
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521189349302212
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