Form 990 for tax year 2024
Filed by HERMOSA BEACH EDUCATION FOUNDATION.
Totals
- Total revenue
- $1,618,293
- Total expenses
- $1,317,014
- Contributions and grants received
- $1,215,084
- Grants paid
- $1,265,000
- Program service revenue
- $0
- Investment income
- $125,870
- Other revenue
- $277,339
- Total assets, end of year
- $5,977,252
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $5,977,252
- Program services expenses (Part IX)
- $1,265,000
- Management and general expenses
- $12,942
- Fundraising expenses
- $39,072
- Program service expenses (Part III)
- $1,265,000
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
$99,389
-
1f · All other contributions, gifts and grants
$1,115,695
-
1g · Noncash contributions included above
$99,389
-
3 · Investment income
total $126,148 · excluded $126,148
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7b · Less cost or other basis and sales expenses
securities $278
-
7c · Gain or loss
securities -$278
-
7d · Net gain or loss
total -$278 · related or exempt -$278
-
8a · Fundraising events: gross income
$481,629
-
8a · Fundraising events: contributions included on line 1c
$99,389
-
8b · Fundraising events: direct expenses
$204,290
-
8c · Net income from fundraising events
total $277,339
-
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 $1,265,000 · program services $1,265,000
-
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 $0
-
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 $2,453 · fundraising $2,453
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
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 $2,866 · management and general $2,866
-
24a · Other expenses: BANK FEES
total $24,455 · fundraising $24,455
-
24b · Other expenses: DUES/SUBSCRIPTIONS
total $10,076 · management and general $10,076
-
24c · Other expenses: ANNUAL GIVING EXPENSES
total $5,437 · fundraising $5,437
-
24d · Other expenses: THANK YOU PARTY EXPENSES
total $3,603 · fundraising $3,603
-
24e · All other expenses
total $3,124 · fundraising $3,124
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,332,589 · end of year $1,466,952
-
2 · Savings and temporary cash investments
beginning of year $57,935 · end of year $4,534
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
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 $3,793,668 · end of year $4,505,766
-
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
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $5,184,192 · end of year $5,977,252
Mission and programs · 2024
Mission
TO PROMOTE INVESTMENT IN HERMOSA BEACH PUBLIC SCHOOLS AND PROVIDE EDUCATIONAL GRANTS
-
PROVIDED GRANTS TO BENEFIT HERMOSA BEACH CITY SCHOOL DISTRICT. THESE GRANTS SUPPLEMENT THE CORE CURRICULUM AND BENEFIT ALL GRADE LEVELS.
Expenses $1,265,000
As filed on the 2024 return.
Listed in Part VII
-
Kara AndersonKARA ANDERSON
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Kristine KazanovskiKRISTINE KAZANOVSKI
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Renee ObrandRENEE OBRAND
Director
- Total calculated
- $0
- Hours/week
- 1
-
Belinda OakesBELINDA OAKES
President
- Total calculated
- $0
- Hours/week
- 2
-
Matt HaefnerMATT HAEFNER
CFO
- Total calculated
- $0
- Hours/week
- 1
-
Bryanne DegoedeBRYANNE DEGOEDE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lauren Merriam SpragueLAUREN MERRIAM SPRAGUE
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Peter SpraggPETER SPRAGG
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Vargas GardnerLISA VARGAS GARDNER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kristen LunaKRISTEN LUNA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rebekah KellawayREBEKAH KELLAWAY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lindsay GottLINDSAY GOTT
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
-
HERMOSA BEACH CSD
$1,265,000
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 May 2026
- IRS schema version
- 2024v5.2
- Source object
- 202621269349303517
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