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Nonprofiteer
← SAN CARLOS EDUCATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by SAN CARLOS EDUCATIONAL FOUNDATION.

Totals

Total revenue
$3,888,130
Total expenses
$3,758,107
Contributions and grants received
$3,732,202
Grants paid
$3,224,419
Program service revenue
$0
Investment income
$175,236
Other revenue
-$19,308
Total assets, end of year
$7,657,882
Total liabilities, end of year
$60,803
Net assets or fund balances, end of year
$7,597,079
Program services expenses (Part IX)
$3,224,419
Management and general expenses
$305,584
Fundraising expenses
$228,104
Program service expenses (Part III)
$3,224,419

Program services were 85.8% 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

    $846,006

  • 1f · All other contributions, gifts and grants

    $2,886,196

  • 1g · Noncash contributions included above

    $395,793

  • 3 · Investment income

    total $156,969 · excluded $156,969

  • 7a · Gross sales of assets other than inventory

    securities $5,768,695

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

    securities $5,750,428

  • 7c · Gain or loss

    securities $18,267

  • 7d · Net gain or loss

    total $18,267 · excluded $18,267

  • 8a · Fundraising events: gross income

    $178,117

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

    $846,006

  • 8b · Fundraising events: direct expenses

    $257,652

  • 8c · Net income from fundraising events

    total -$79,535 · excluded -$79,535

  • 9a · Gaming: gross income

    $62,692

  • 9b · Gaming: direct expenses

    $2,465

  • 9c · Net income from gaming

    total $60,227 · excluded $60,227

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,224,419 · program services $3,224,419

  • 5 · Compensation of officers, directors and key employees

    total $165,797 · management and general $77,925 · fundraising $87,872

  • 7 · Other salaries and wages

    total $116,186 · management and general $54,607 · fundraising $61,579

  • 9 · Other employee benefits

    total $20,421 · management and general $9,451 · fundraising $10,970

  • 10 · Payroll taxes

    total $21,165 · management and general $9,948 · fundraising $11,217

  • 11c · Fees: accounting

    total $44,445 · management and general $44,445

  • 11g · Fees: other

    total $2,095 · management and general $985 · fundraising $1,110

  • 12 · Advertising and promotion

    total $11,492 · fundraising $11,492

  • 14 · Information technology

    total $20,599 · management and general $7,668 · fundraising $12,931

  • 16 · Occupancy

    total $763 · management and general $763

  • 19 · Conferences, conventions and meetings

    total $5,906 · management and general $4,374 · fundraising $1,532

  • 23 · Insurance

    total $11,483 · management and general $11,483

  • 24a · Other expenses: CREDIT CARD FEES

    total $62,437 · management and general $62,437

  • 24b · Other expenses: ALL OTHER EXPENSES

    total $16,514 · management and general $13,235 · fundraising $3,279

  • 24c · Other expenses: PRINTING AND GRAPHICS

    total $11,421 · management and general $904 · fundraising $10,517

  • 24d · Other expenses: STEWARDSHIP

    total $10,337 · management and general $3,163 · fundraising $7,174

  • 24e · All other expenses

    total $12,627 · management and general $4,196 · fundraising $8,431

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $398,368 · end of year $131,426

  • 3 · Pledges and grants receivable

    beginning of year $247,026 · end of year $465,804

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,091 · end of year $18,913

  • 12 · Investments: other securities

    beginning of year $6,507,101 · end of year $7,025,234

  • 15 · Other assets

    beginning of year $4,000 · end of year $16,505

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,712 · end of year $36,733

  • 19 · Deferred revenue

    beginning of year $22,175 · end of year $24,070

  • 27 · Net assets without donor restrictions

    beginning of year $5,024,559 · end of year $5,491,020

  • 28 · Net assets with donor restrictions

    beginning of year $2,086,140 · end of year $2,106,059

Mission and programs · 2023

Mission

THE SAN CARLOS EDUCATION FOUNDATION IS A NONPROFIT FUNDRAISING ORGANIZATION THAT HELPS THE SAN CARLOS SCHOOL DISTRICT PROVIDE A WELL-ROUNDED PUBLIC EDUCATION FOR ALL STUDENTS.

  • TO PROVIDE GENERAL FINANCIAL SUPPORT FOR SCHOOLS IN THE SAN CARLOS SCHOOL DISTRICT WHENEVER, IN JUDGEMENT OF THE FOUNDATION BOARD OF DIRECTORS, FUNDING FROM PUBLIC SOURCES IS INADEQUATE TO PROVIDE AND MAINTAIN CONSISTENTLY HIGH QUALITY EDUCATIONAL OPPORTUNITIES FOR CHILDREN OF THE COMMUNITY. TO ASSIST IN THE DEVELOPMENT OF EDUCATIONAL PROGRAMS WHICH PROMISE SIGNIFICANT CONTRIBUTIONS TO THE EDUCATION OF STUDENTS IN DISTRICT SCHOOLS. TO PROVIDE FUNDING FOR PROGRAMS TYPICALLY PROVIDED BY DISTRICT SCHOOLS FOR WHICH PUBLIC FUNDING IS FOR ANY REASON INADEQUATE OR UNAVAILABLE.

    Expenses $3,224,419 · Grants $3,224,419

As filed on the 2023 return.

Listed in Part VII

  • KARLA DONOHOE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • SUSAN RAYMOND

    INVESTMENT CHAIR COMMITTEE

    Total calculated
    $0
    Hours/week
    10

  • THERESA MCDERMIT

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • ANNIE WILSON

    VP, LEADERSHIP CIRCLE

    Total calculated
    $0
    Hours/week
    5

  • JENNIFER RUDY

    VP, STEWARDSHIP

    Total calculated
    $0
    Hours/week
    5

  • KATHERINE SHERMAN

    VP, MARKETING

    Total calculated
    $0
    Hours/week
    5

  • PAIGE SARMIENTO

    VP, WORKPLACE GIVING

    Total calculated
    $0
    Hours/week
    5

  • SHEILA BRAR

    VP, SCHOOL REPS

    Total calculated
    $0
    Hours/week
    5

  • DEBBIE BLUCHER

    VP, EVENTS

    Total calculated
    $0
    Hours/week
    10

  • KATY MOSSAWIR

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • JENNIE ROMEO

    CO-SCHOOL REP:WO

    Total calculated
    $0
    Hours/week
    5

  • JESSICA MYERS-SCHECTER

    SCHOOL REP: TIERRA LINDA

    Total calculated
    $0
    Hours/week
    5

  • KIERSTEN DANIEL-BACA

    SCHOOL REP: HEATHER

    Total calculated
    $0
    Hours/week
    5

  • JESSE GUITERREZ

    CO SCHOOL REP ARUNDEL

    Total calculated
    $0
    Hours/week
    5

  • MELISSA SCHMIDT

    CO-SCHOOL REP:ARROYO

    Total calculated
    $0
    Hours/week
    5

  • BRANDI CORBIN

    SCHOOL CO- REP: BRITTAN ACRES

    Total calculated
    $0
    Hours/week
    5

  • JIE JACQUOT

    CO-SCHOOL REP: SCC

    Total calculated
    $0
    Hours/week
    5

  • CARLA LEIBOWITZ

    CO-VP WORKPLACE GIVING

    Total calculated
    $0
    Hours/week
    5

  • BLAKE JACQUOT

    CO-SCHOOL REP: SCC

    Total calculated
    $0
    Hours/week
    5

  • CHEZ RUEDA

    CO-SCHOOL REP:ARROYO

    Total calculated
    $0
    Hours/week
    5

  • PREETI CHINNAN

    CO- SCHOOL REP: TIERRA LINDA

    Total calculated
    $0
    Hours/week
    5

  • VIKAS CHINNAN

    CO-SCHOOL REP: TIERRA LINDA

    Total calculated
    $0
    Hours/week
    5

  • KRISTEN CARLSON

    SCHOOL CO- REP: BRITTAN ACRES

    Total calculated
    $0
    Hours/week
    5

  • BRENDA LANDO FRIDMAN

    SCHOOL CO-REP: WO

    Total calculated
    $0
    Hours/week
    5

  • DAN FRIDMAN

    SCHOOL CO-REP: WO

    Total calculated
    $0
    Hours/week
    5

  • CORBIE KIERNAN

    VP, OF BUSINESS SPONSORSHIP

    Total calculated
    $0
    Hours/week
    5

  • KATHY PARMER-LOHAN

    EXECUTIVE DIRECTOR

    Total calculated
    $167,981
    From this org
    $161,520
    From related orgs
    $0
    Other
    $6,461
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,520
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,461
    Filer's total
    $167,981

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 · Compensation committee
  • 3 · Written employment contract
  • 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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
30 January 2025
IRS schema version
2023v6.0
Source object
202540349349300614

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