2024-04-17T18:20:55-05:00 2023-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 90801 990 2022-07-01 953881166 MANHATTAN BEACH EDUCATION FOUNDATION MANH 3103033342 325 S PECK AVE MANHATTAN BEACH CA 90266 LORELEI CHAO BOARD TREASURER 3103033342 2024-04-15 1 LORELEI CHAO 999009999 1 AARON PHILLIPS P01654760 5624351191 2024-04-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALICE KUO 325 S PECK AVE MANHATTAN BEACH CA 90266 9065313 0 X WWW.MBEF.ORG X 1983 CA THE FOUNDATION RAISES FUNDS FOR THE PURPOSE OF SUPPORTING EDUCATION IN THE MANHATTAN BEACH UNIFIED SCHOOL DISTRICT. 29 29 10 100 0 0 8234957 8516246 0 0 8748 294399 -331625 -345935 7912080 8464710 6172840 6879357 0 0 444318 463169 0 0 452219 361445 346133 6978603 7688659 933477 776051 8671487 9570806 2008765 2162454 6662722 7408352 THE MANHATTAN BEACH EDUCATION FOUNDATION IS A COMMUNITY DRIVEN FUND RAISING ORGANIZATION, WHICH SUPPLEMENTS STATE FUNDING FOR PROGRAMS THAT INSPIRE LEARNING, ENRICH TEACHING, AND PROMOTE INNOVATION AND ACADEMIC EXCELLENCE IN THE PUBLIC SCHOOLS OF MANHATTAN BEACH. 0 0 6129779 6027269 MBEF GRANTS TO THE MANHATTAN BEACH UNIFIED SCHOOL DISTRICT PAY FOR TEACHERS AND EDUCATORS' SALARIES AND OTHER ACADEMIC AND ENRICHMENT PROGRAM COSTS. THE GRANTS ARE SPREAD OUT OVER EACH OF THE DISTRICT'S SEVEN SCHOOLS WHICH SERVE APPROXIMATELY 5,877 STUDENTS. 852088 852088 MBEF CONTRIBUTES ANNUALLY TO THE MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND. 6981867 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 12 0 1 10 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X X HILARY MAHAN 3103033342 PO BOX 1110 MANHATTAN BEACH CA 902671110 ALICE KUO PRESIDENT 10.00 1.00 X X 0 0 0 MIKE BRUNICK VICE PRESIDENT 5.00 X X 0 0 0 LORELEI CHAO TREASURER 5.00 X X 0 0 0 ERIN LEVIN SECRETARY 2.00 X X 0 0 0 TISHA ANDERSON DIRECTOR 1.00 X 0 0 0 ANNA BARGAGLIOTTI DIRECTOR 1.00 X 0 0 0 ANKUR BATHEJA DIRECTOR 1.00 X 0 0 0 YEA-LAN CHIANG DIRECTOR 1.00 X 0 0 0 HEATHER DE ROOS DIRECTOR 1.00 X 0 0 0 PATRICIA DOUMENG DIRECTOR 1.00 X 0 0 0 CINDY MARIAN DIRECTOR 1.00 X 0 0 0 JENNIFER CRAM DIRECTOR 1.00 X 0 0 0 RACHEL DISSER DIRECTOR 1.00 X 0 0 0 STACEY FUNDINGSLAND DIRECTOR 1.00 X 0 0 0 DAVE GENDRON DIRECTOR 1.00 X 0 0 0 KATIE GUNTHER DIRECTOR 1.00 X 0 0 0 JOY HIGA DIRECTOR 1.00 X 0 0 0 BRETT JOHNSON DIRECTOR 1.00 X 0 0 0 RYAN KAPLAN DIRECTOR 1.00 X 0 0 0 KEITH LUPTON DIRECTOR 1.00 X 0 0 0 EMILY MACIAS DIRECTOR 1.00 X 0 0 0 MICHELLE MCDONALD DIRECTOR 1.00 X 0 0 0 RAJ MEHROTRA DIRECTOR 1.00 X 0 0 0 ELLEN PADNOS DIRECTOR 1.00 X 0 0 0 DAN ROGOFF DIRECTOR 1.00 X 0 0 0 SCOTT ROSENTHAL DIRECTOR 1.00 X 0 0 0 KATE SINCLAIR DIRECTOR 1.00 X 0 0 0 ROGER SPENCER DIRECTOR 1.00 1.00 X 0 0 0 REMCO WALLER DIRECTOR 1.00 X 0 0 0 WYSH WEINSTEIN DIRECTOR UNTIL 11/2022 1.00 X 0 0 0 HILARY MAHAN EXECUTIVE DIRECTOR 32.00 8.00 X 147056 0 0 DAVID BRENNAN DIR. OF DEVELOPMENT & PARTNERSHIP 32.00 8.00 X 118558 0 0 265614 0 0 2 0 0 0 0 1675991 1162951 5677304 659579 8516246 294399 294399 189668 1675991 600603 -410935 -410935 MANAGEMENT SERVICE INC 900099 65000 65000 65000 8464710 0 0 -51536 6879357 6879357 148456 51960 29691 66805 281037 42842 42142 196053 33676 7120 6815 19741 46466 46466 38268 3015 35253 37790 23335 14455 27843 27843 2323 2323 15926 15926 BANK AND CREDIT CARD FE 86477 149 86328 COMMUNITY RELATIONS 68350 56304 12046 IN-KIND CONTRIBUTIONS 19905 19905 PAYROLL FEES 2785 588 564 1633 7688659 6981867 254573 452219 2120378 1974969 31291 2416979 33062 44884 51660 42168 25988 17408 39134 34138 5395 4996 6338713 5004402 65000 65000 8671487 9570806 61586 183372 1012517 1145473 934662 833609 2008765 2162454 X 6227623 6538444 435099 869908 6662722 7408352 8671487 9570806 776051 -30421 0 X 0 1 X 1 0 X 8044755 7461066 6026304 8234957 8516246 38283328 8044755 7461066 6026304 8234957 8516246 38283328 1093850 37189478 134516 141373 5927 8748 294399 584963 65000 65000 65000 65000 65000 325000 39193291 0.94890 0.96010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29627 25853 3774 9507 8285 1222 4996 DUE TO MBEF ENDOWMENT FUND 833609 833609 X 8450789 -30421 16500 -13921 8464710 0 8464710 7705159 16500 16500 7688659 0 7688659 PART X, LINE 2: FIN 48. MBEF RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS AS TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. MBEF IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR CALIFORNIA PURPOSES IS FOUR YEARS. SCHEDULE D, PART V MBEF HAS TRANSFERRED THE ENDOWMENT FUNDS TO A SEPARATE 501(C)(3) ORGANIZATION, MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND. THE ORGANIZATION'S MISSION IS TO RAISE, RECEIVE, HOLD, INVEST, AND ADMINISTER FUNDS AND PROPERTY SO RECEIVED, AND TO MAKE EXPENDITURES THEREFROM TO SUPPLY SUPPORTIVE SERVICE AND FUND SPECIFIC PROGRAMS FOR THE BENEFIT OF THE MANHATTAN BEACH EDUCATION FOUNDATION AND IN TURN, THE EDUCATIONAL PROGRAMS OF THE MANHATTAN BEACH UNIFIED SCHOOL DISTRICT. WINE AUCTION 1865659 1675991 189668 152192 38315 213255 196841 1865659 1675991 189668 152192 38315 213255 196841 600603 -410935 1 MANHATTAN BEACH UNIFIED SCHOOL DISTRICT 325 S PECK AVE MANHATTAN BEACH CA 90266 956002011 501(C)(3) 6027269 0 TO SUPPORT EDUCATION MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND PO BOX 1110 MANHATTAN BEACH CA 90267 453552314 501(C)(3) 852088 0 ANNUAL CONTRIBUTION TO ENDOWMENT FUND 2 PART I, LINE 2: AFTER THE SCHOOL YEAR ENDS, MBUSD PROVIDES A REPORT DETAILING THE COMPONENTS OF EACH GRANT AND COMPARES BUDGET TO ACTUAL. MBEF REDUCES AMOUNT OF GRANT FOR AREAS THAT WERE LESS THAN BUDGETED AMOUNT BUT DOES NOT INCREASE GRANT FOR AREAS THAT CAME IN OVER BUDGET. MBEF GRANTS THE NET PROCEEDS OF THE MANHATTAN WINE AUCTION TO THE ENDOWMENT. ADDITIONAL AMOUNTS MAY BE GRANTED AS MBEF BUDGET ALLOWS. X 15 9555 FMV X 3040 FMV X 43 219074 FMV X 11 5670 FMV X 7 22286 X VACATION PACKAGES 22 219477 FMV X WINE 250 129122 FMV X JEWELRY 13 21990 FMV X TICKETS/CERTIFICATES 17 21472 FMV X MISCELLANEOUS 9 4445 FMV X GIFT BASKETS 14 3448 FMV 0 0 0 SCHEDULE M, PART I, COLLUMN (B) COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B DESCRIBE THE REVIEW PROCESS FOR THE FORM 990. THE AUDIT AND COMPLIANCE COMMITTEE REVIEWS AND APPROVES FORM 990. A FULL COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS. THE AUDIT AND COMPLIANCE COMMITTEE CHAIR PRESENTS THE COMMITTEE'S APPROVAL TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C DESCRIBE HOW THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EMPLOYEES, INDEPENDENT CONTRACTORS, BOARD OF DIRECTOR MEMBERS, AND COMMITTEE MEMBERS MUST SIGN A CONFLICT OF INTEREST DECLARATION ANNUALLY. THE FORMS ARE REVIEWED AND MAINTAINED IN THE ORGANIZATION'S OFFICES. PERSONS WITH CONFLICT OF INTEREST SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST, WHICH SHOULD BE REFLECTED IN THE MINUTES OF THE MEETING. THE PERSON WITH A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE BOARD'S DISCUSSION AND SHALL NOT VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A DESCRIBE THE PROCESS FOR DETERMINING COMPENSATION FOR A DIRECTOR OR OFFICIAL. EMPLOYEES AND INDEPENDENT CONTRACTORS RECEIVE AN ANNUAL REVIEW WITH THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR RECEIVES AN ANNUAL REVIEW WITH THE BOARD PRESIDENT. THESE REVIEWS ARE DOCUMENTED AND PROVIDED TO THE OFFICERS OF THE BOARD. ANY PROPOSED CHANGES TO CURRENT COMPENSATION ARE PROVIDED TO THE OFFICERS OF THE BOARD FOR APPROVAL. THE BOARD APPROVES A BUDGET FOR COMPENSATION IN TOTAL. THE EXECUTIVE DIRECTOR APPROVES THE COMPENSATION PER EMPLOYEE BUT ONLY UP TO THE AUTHORIZED BUDGET AMOUNT. FORM 990, PART VI, SECTION C, LINE 19 EXPLAIN HOW THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ALL POLICIES AND GOVERNING DOCUMENTS ARE AVAILABLE ON OUR OWN WEBSITE(S) FOR BOTH MANHATTAN BEACH EDUCATION FOUNDATION AND MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND. THE AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE ALSO POSTED AT THE MBEF WEBSITE. MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND PO BOX 1110 MANHATTAN BEACH CA 90267 453552314 ADMINISTER/RAISE FUNDS TO SUPPORT MBEF CA 501(C)(3) LINE 7 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND B 852088 FMV MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND C 1162951 FMV MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND O 65000 FMV