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Nonprofiteer
← SAN FRANCISCO EDUCATION FUND

Form 990 for tax year 2023

Filed by SAN FRANCISCO EDUCATION FUND.

What the amendment changed

Compared with the return it replaced , filed 15 May 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$4,295,360 changed to $4,286,912
Total expenses
$2,548,336 changed to $2,546,579
Investment income
$467,780 changed to $467,775
Other revenue
-$255,645 changed to -$264,088
Total assets, end of year
$12,250,871 changed to $12,244,183
Total liabilities, end of year
$547,845 changed to $547,848
Net assets or fund balances, end of year
$11,703,026 changed to $11,696,335
Program services expenses
$1,858,091 changed to $1,735,521
Management and general expenses
$367,321 changed to $411,838
Fundraising expenses
$322,924 changed to $399,220
Program service expenses (Part III)
$1,858,091 changed to $1,735,521

Totals

Total revenue
$4,286,912
Total expenses
$2,546,579
Contributions and grants received
$4,083,225
Grants paid
$250,502
Program service revenue
$0
Investment income
$467,775
Other revenue
-$264,088
Total assets, end of year
$12,244,183
Total liabilities, end of year
$547,848
Net assets or fund balances, end of year
$11,696,335
Program services expenses (Part IX)
$1,735,521
Management and general expenses
$411,838
Fundraising expenses
$399,220
Program service expenses (Part III)
$1,735,521

Program services were 68.2% 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

    $438,790

  • 1f · All other contributions, gifts and grants

    $3,644,435

  • 1g · Noncash contributions included above

    $5,264

  • 3 · Investment income

    total $416,087 · excluded $416,087

  • 7a · Gross sales of assets other than inventory

    securities $200,000

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

    securities $148,312

  • 7c · Gain or loss

    securities $51,688

  • 7d · Net gain or loss

    total $51,688 · excluded $51,688

  • 8a · Fundraising events: gross income

    $0

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

    $438,790

  • 8b · Fundraising events: direct expenses

    $263,329

  • 8c · Net income from fundraising events

    total -$263,329 · excluded -$263,329

  • 11a · Other revenue: OTHER INCOME

    total -$759 · related or exempt -$759

  • 11e · Other revenue, total

    -$759

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,325 · program services $9,325

  • 2 · Grants to domestic individuals

    total $241,177 · program services $241,177

  • 5 · Compensation of officers, directors and key employees

    total $179,673 · program services $124,760 · management and general $21,331 · fundraising $33,582

  • 7 · Other salaries and wages

    total $1,137,664 · program services $789,965 · management and general $135,061 · fundraising $212,638

  • 9 · Other employee benefits

    total $102,922 · program services $68,387 · management and general $7,362 · fundraising $27,173

  • 10 · Payroll taxes

    total $107,054 · program services $74,739 · management and general $12,713 · fundraising $19,602

  • 11c · Fees: accounting

    total $161,771 · program services $36,748 · management and general $97,166 · fundraising $27,857

  • 11g · Fees: other

    total $109,003 · program services $24,761 · management and general $65,472 · fundraising $18,770

  • 13 · Office expenses

    total $13,163 · program services $9,358 · management and general $901 · fundraising $2,904

  • 16 · Occupancy

    total $53,883 · program services $30,129 · management and general $11,551 · fundraising $12,203

  • 17 · Travel

    total $4,343 · program services $3,797 · management and general $384 · fundraising $162

  • 22 · Depreciation, depletion and amortization

    total $29,931 · program services $20,210 · management and general $1,535 · fundraising $8,186

  • 23 · Insurance

    total $23,063 · program services $15,320 · management and general $1,538 · fundraising $6,205

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $168,215 · program services $148,888 · management and general $3,875 · fundraising $15,452

  • 24b · Other expenses: OTHER EXPENSES

    total $77,065 · program services $22,902 · management and general $50,035 · fundraising $4,128

  • 24c · Other expenses: SCHOOL SITE FUNDS

    total $74,657 · program services $75,795 · fundraising -$1,138

  • 24d · Other expenses: PROGRAM EVENTS

    total $25,609 · program services $25,009 · management and general $600

  • 24e · All other expenses

    total $28,061 · program services $14,251 · management and general $2,314 · fundraising $11,496

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $714,288 · end of year $1,191,175

  • 3 · Pledges and grants receivable

    beginning of year $1,616,000 · end of year $1,243,471

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,150 · end of year $21,415

  • 10a · Land, buildings and equipment: cost or other basis

    $86,098

  • 10b · Land, buildings and equipment: accumulated depreciation

    $35,840

  • 10c · Land, buildings and equipment, net

    beginning of year $76,079 · end of year $50,258

  • 12 · Investments: other securities

    beginning of year $8,879,464 · end of year $9,737,864

  • 17 · Accounts payable and accrued expenses

    beginning of year $204,981 · end of year $149,373

  • 19 · Deferred revenue

    end of year $226,875

  • 25 · Other liabilities

    beginning of year $1,759,830 · end of year $171,600

  • 27 · Net assets without donor restrictions

    beginning of year $3,016,361 · end of year $3,067,923

  • 28 · Net assets with donor restrictions

    beginning of year $6,336,809 · end of year $8,628,412

Mission and programs · 2023

Mission

THE EDUCATION FUND MOBILIZES THE COMMUNITY TO SUPPORT EQUITABLE ACCESS TO A QUALITY EDUCATION FOR PUBLIC SCHOOL STUDENTS THROUGH TUTORING AND MENTORING, SCHOLARSHIPS, TEACHER GRANTS, AND CORPORATE SCHOOL ADOPTION.

Activities or mission (Part I)

TO EQUIP STUDENTS WITH SKILLS TO SUCCEED IN COLLEGE, CAREER & CIVIC RESPONSIBILITY.

  • THE MAISIN SCHOLAR AWARD PROGRAM OFFERS SCHOLARSHIPS AND COUNSELING TO 75 GRADUATING SENIORS FOR UP TO 4 YEARS OF POST-SECONDARY SCHOOLING.

    Expenses $963,338 · Grants $248,002

  • THE PUBLIC ENGAGEMENT PROGRAM CONTINUES TO ENGAGE COMMUNITY MEMBERS IN ALL 117 SAN FRANCISCO PUBLIC SCHOOLS AS GENERAL VOLUNTEERS, TUTORS, MENTORS AND SUPPORTERS. A SUBSET OF THOSE SCHOOLS IS ALSO INVOLVED IN ITS CORPORATE PARTNERSHIP PROGRAM, CIRCLE THE SCHOOLS, AND RECEIVE GRANTS AS A RESULT.

    Expenses $352,284 · Grants $2,500

  • THE LITERACY PROGRAM WORKS IN 5 HIGH-NEED ELEMENTARY SCHOOLS. IN EACH SCHOOL, THE EDUCATION FUND TRAINS AND PLACES VOLUNTEERS IN CLASSROOMS TO WORK ONE-ON-ONE WITH STUDENTS ON THEIR LITERACY SKILLS. THE EDUCATION FUND SUPPLEMENTS THOSE VOLUNTEERS WITH DIRECT GRANTS TO TEACHERS AND PRINCIPALS FOCUSED ON IMPROVING LITERACY IN THEIR CLASSROOM OR SCHOOL, AND USES DATA ANALYSIS TO IDENTIFY WHICH INDIVIDUAL STUDENTS OR GROUPS OF STUDENTS NEED OUR SUPPORT.

    Expenses $419,899

As filed on the 2023 return.

Listed in Part VII

  • BECKY KARSH

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • RACHEL PATTERSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • JOSEPH GHOBRIAL

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • KATHERINE MITCHELL LADD

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • PRASANTH BODA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • KATHRINE GILLESPIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ERIC JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CAMELLIA PHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DARIUS WHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • LORI BIRNBAUM GALANTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JAMES KIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • SHALU UMAPATHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ANNE KAUTH WARREN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DANIEL DANKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • STACEY WANG

    CEO (LEFT AUGUST 2023)

    Total calculated
    $101,890
    From this org
    $101,565
    From related orgs
    $0
    Other
    $325
    Hours/week
    40

  • ANN L WALDEN

    CEO

    Total calculated
    $82,585
    From this org
    $78,108
    From related orgs
    $0
    Other
    $4,477
    Hours/week
    40

  • REBECCA KROLL

    TALENT & OPERATIONS DIRECT

    Total calculated
    $155,958
    From this org
    $148,417
    From related orgs
    $0
    Other
    $7,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,417
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,541
    Filer's total
    $155,958

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

None.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 October 2025
IRS schema version
2023v6.0
Source object
202522809349301512

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