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← HEMET EDUCATION FOUNDATION

Form 990 for tax year 2023

Filed by HEMET EDUCATION FOUNDATION.

Totals

Total revenue
$151,748
Total expenses
$41,292
Contributions and grants received
$32,318
Grants paid
$34,000
Program service revenue
$0
Investment income
$119,430
Other revenue
$0
Total assets, end of year
$578,813
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$578,813
Program services expenses (Part IX)
$34,000
Management and general expenses
$7,292
Fundraising expenses
$0
Program service expenses (Part III)
$34,000

Program services were 82.3% 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.

  • 1f · All other contributions, gifts and grants

    $32,318

  • 3 · Investment income

    total $11,852 · unrelated business $11,852

  • 7a · Gross sales of assets other than inventory

    securities $107,578

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

    securities $0

  • 7c · Gain or loss

    securities $107,578

  • 7d · Net gain or loss

    total $107,578 · unrelated business $107,578

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $23,500 · program services $23,500

  • 2 · Grants to domestic individuals

    total $10,500 · program services $10,500

  • 11c · Fees: accounting

    total $1,495 · management and general $1,495

  • 11f · Fees: investment management

    total $688 · management and general $688

  • 11g · Fees: other

    total $5,109 · management and general $5,109

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,182 · end of year $31,010

  • 13 · Investments: program-related

    beginning of year $489,039 · end of year $547,803

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $523,221 · end of year $578,813

Mission and programs · 2023

Mission

THE HEMET EDUCATION FOUNDATION IS DEDICATED TO PROMOTING EXCELLENCE AND INNOVATION IN EDUCATION FOR THE STUDENTS OF THE HEMET UNIFIED SCHOOL DISTRICT.

  • A PERMANENT ENDOWMENT FUND IS BEING ESTABLISHED BY CONTRIBUTIONS FROM INDIVIDUALS AND BUSINESSES. THE EARNINGS FROM THIS FUND WILL BE USED IN THE SUPPORT OF LIBRARIES AND LITERACY.

    Expenses $34,000 · Grants $34,000

As filed on the 2023 return.

Listed in Part VII

  • Ron Breyer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Sue Breyer

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Alex Ballard

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Derek Jindra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Claire Doolittle

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ted Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jason Chrest

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ross Valenzuela

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Dr Christi Barrett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Al Fernandes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Samantha Zavilla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

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

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202413029349301261

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