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Nonprofiteer
← RAVENSWOOD EDUCATION FOUNDATION

Form 990 for tax year 2022

Filed by RAVENSWOOD EDUCATION FOUNDATION.

Totals

Total revenue
$12,199,336
Total expenses
$8,626,166
Contributions and grants received
$11,917,546
Grants paid
$8,117,650
Program service revenue
$0
Investment income
$324,218
Other revenue
-$42,428
Total assets, end of year
$22,396,488
Total liabilities, end of year
$5,458,951
Net assets or fund balances, end of year
$16,937,537
Program services expenses (Part IX)
$8,293,085
Management and general expenses
$114,696
Fundraising expenses
$218,385
Program service expenses (Part III)
$8,293,085

Program services were 96.1% 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

    $1,225,802

  • 1e · Government grants (contributions)

    $15,000

  • 1f · All other contributions, gifts and grants

    $10,676,744

  • 1g · Noncash contributions included above

    $203,140

  • 3 · Investment income

    total $324,767 · excluded $324,767

  • 7a · Gross sales of assets other than inventory

    securities $202,591

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

    securities $203,140

  • 7c · Gain or loss

    securities -$549

  • 7d · Net gain or loss

    total -$549 · excluded -$549

  • 8a · Fundraising events: gross income

    $149,807

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

    $1,225,802

  • 8b · Fundraising events: direct expenses

    $192,235

  • 8c · Net income from fundraising events

    total -$42,428 · excluded -$42,428

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,117,650 · program services $8,117,650

  • 5 · Compensation of officers, directors and key employees

    total $224,406 · program services $100,983 · management and general $44,881 · fundraising $78,542

  • 7 · Other salaries and wages

    total $103,750 · program services $41,500 · management and general $20,750 · fundraising $41,500

  • 8 · Pension plan contributions

    total $6,514 · program services $2,605 · management and general $1,303 · fundraising $2,606

  • 9 · Other employee benefits

    total $7,266 · program services $2,918 · management and general $1,450 · fundraising $2,898

  • 10 · Payroll taxes

    total $23,125 · program services $9,878 · management and general $4,449 · fundraising $8,798

  • 11c · Fees: accounting

    total $28,555 · management and general $28,555

  • 11g · Fees: other

    total $54,671 · management and general $578 · fundraising $54,093

  • 13 · Office expenses

    total $17,785 · program services $6,262 · management and general $6,535 · fundraising $4,988

  • 23 · Insurance

    total $2,785 · management and general $2,785

  • 24a · Other expenses: OTHER PAYROLL RELATED E

    total $27,847 · program services $11,289 · management and general $3,410 · fundraising $13,148

  • 24b · Other expenses: SUPPLIES AND MAILING

    total $11,812 · fundraising $11,812

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,584,542 · end of year $1,570,766

  • 2 · Savings and temporary cash investments

    beginning of year $2,070,098 · end of year $5,610,912

  • 3 · Pledges and grants receivable

    beginning of year $17,084 · end of year $260,124

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,457 · end of year $154,686

  • 12 · Investments: other securities

    beginning of year $11,400,000 · end of year $14,800,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,743,814 · end of year $5,458,951

  • 27 · Net assets without donor restrictions

    beginning of year $11,566,199 · end of year $15,568,539

  • 28 · Net assets with donor restrictions

    beginning of year $1,798,168 · end of year $1,368,998

Mission and programs · 2022

Mission

TO ENSURE EQUITABLE AND HIGH-QUALITY EDUCATIONAL OPPORTUNITIES FOR RAVENSWOOD STUDENTS BY BUILDING ON LOCAL STRENGTHS AND ENGAGING THE ENTIRE COMMUNITY.

Activities or mission (Part I)

TO RAISE FUNDS FOR THE STUDENTS, TEACHERS AND PROGRAMS OF THE RAVENSWOOD CITY SCHOOL DISTRICT.

  • REF FUNDED:(1) 11 SPECIALISTS FOR ART, MUSIC, DANCE, AND DRAMA AND 3 PHYSICAL EDUCATION TEACHERS, PROVIDING WHOLE CHILD SUPPORT AND TIME FOR TEACHERS TO COLLABORATE AND CREATE PROFESSIONAL LEARNING CIRCLES. (2) LITERACY INTERVENTION PROGRAM INCLUDING 6 LITERACY SPECIALISTS.(3) STEM PROGRAMS INCLUDING STAFF AND SUPPLIES FOR A MAKERSPACE AT EACH SCHOOL SITE AND SCIENCE LABS AND ROBOTICS PROGRAM FOR MIDDLE SCHOOL STUDENTS. (4) A ROBUST MIDDLE SCHOOL INITIATIVE, INCLUDING HIRING ESSENTIAL PERSONNEL AND PROVIDING OVERNIGHT FIELD TRIPS, ATHLETICS, AND OPPORTUNITIES FOR FAMILY ENGAGEMENT.(5) SUPPORT FOR CHILDREN AND FAMILIES IN NEED.(6) EXTENSIVE TRAINING AND SUPPORT FOR RAVENSWOOD TEACHERS, SCHOOL LEADERS AND DISTRICT OFFICE STAFF; AND (7) SUPPORT OF THE RAVENSWOOD TALENT INITIATIVE, A BOLD NEW PROGRAM DESIGNED TO RETAIN, RECRUIT, AND REWARD EXCELLENT TEACHERS THROUGH AN INITIAL RAISE AND DIFFERENTIATED COMPENSATION ALIGNED TO PERFORMANCE.

    Expenses $8,293,085 · Grants $8,117,650

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carolyn Bowsher

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Meghan Clark

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Brenda Woodson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Laird Simons

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Sue Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Amy Arnold

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michelle Boyers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Adrienne Germain

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Renu Nanda

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Laura Nunez

    BOARD MEMBER (RESIGN 12/22)

    Total calculated
    $0
    Hours/week
    2

  • Avani Patel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Pimentel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Linnea Roberts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tamara Russel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michele Stewart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Serra Vaka

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jenna Wachtel Pronovost Ex-Off

    ICIO, NON-VOTING) EXECUTIV

    Total calculated
    $215,797
    From this org
    $190,166
    From related orgs
    $0
    Other
    $25,631
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,666
    Bonus
    $27,500
    Other
    $0
    Deferred
    $11,410
    Nontaxable benefits
    $14,221
    Filer's total
    $215,797

  • Gina Sudaria Ex-Officio Non-

    VOTING) RCSD SUPERINTENDEN

    Total calculated
    $0
    Hours/week
    2

  • Jazmin Sosa

    DIRECTOR OF OPERATIONS

    Total calculated
    $121,229
    From this org
    $108,349
    From related orgs
    $0
    Other
    $12,880
    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. 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

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

  • RAVENSWOOD CITY SCHOOL DISTRICT

    $8,117,650

    PROGRAM SUPPORT PAID TO RCSD OR IN SUPPORT OF RCSD PROGRAMS

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349310750

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