Nonprofit · EIN 45-3552314
MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND
Tax-exempt · MANHATTAN BCH, CA 90266
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,569,763 | $1,325,122 | $1,244,641 | $29,696,954 | $65,000 | $29,631,954 |
| June 30, 2024 | 990 | $3,202,329 | $1,278,236 | $1,924,093 | $26,612,248 | $65,000 | $26,547,248 |
| June 30, 2023 | 990 | $1,986,497 | $1,266,107 | $720,390 | $23,649,646 | $65,000 | $23,584,646 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,239,031
- Program service revenue
- $0
- Investment income
- $1,357,344
- Net gain from sales of assets
- $679,092
- Net income from fundraising events
- -$26,612
- Other revenue
- -$26,612
Expenses
- Grants and similar amounts paid
- $1,240,137
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,750
- Program services (functional)
- $1,240,137
- Management and general (functional)
- $28,027
- Fundraising (functional)
- $56,958
Balance sheet and other
- Total assets, start of year
- $26,612,248
- Total assets, end of year
- $29,696,954
- Total liabilities, end of year
- $65,000
- Net assets, end of year
- $29,631,954
- Publicly traded securities
- $28,478,699
- Net assets without donor restrictions
- $11,594,209
- Net assets with donor restrictions
- $18,037,745
- Gross receipts
- $3,172,508
- Employees
- 0
- Volunteers
- 20
- Year formed
- 2011
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| HILARY MAHAN | EXECUTIVE DIRECTOR Officer | 20 | $0 | $173,926 |
| DAVID BRENNAN | DIR. OF DEV. & PTNRSHP (THRU 10/24) Highest-paid employee | 16 | $0 | $140,076 |
| MARIAN GUIRGUIS | DEVELOPMENT DIRECTOR Highest-paid employee | 16 | $0 | $128,509 |
| ROGER SPENCER | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MITCHELL OZAWA | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL HUSSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RICH WEISS | CIO Trustee or director, Officer | 2 | $0 | $0 |
| GEOFF BREMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE BRUNICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE DUCKWORTH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JERI VICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REMCO WALLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| HILARY MAHAN | EXECUTIVE DIRECTOR Officer | 20 | $0 | $148,512 |
| DAVID BRENNAN | DIR. OF DEVELOPMENT & PARTNERSHIP Highest-paid employee | 16 | $0 | $120,721 |
| ROGER SPENCER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MITCHELL OZAWA | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| RICH WEISS | CIO Trustee or director, Officer | 5 | $0 | $0 |
| GEOFF BREMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE DUCKWORTH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALICE KUO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JERI VICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| HILARY MAHAN | EXECUTIVE DIRECTOR Officer | 8 | $0 | $147,056 |
| DAVID BRENNAN | DIR. OF DEVELOPMENT & PARTNERSHIP Highest-paid employee | 8 | $0 | $118,558 |
| MIKE DUCKWORTH | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MITCHELL OZAWA | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| RICH WEISS | CIO Trustee or director, Officer | 5 | $0 | $0 |
| GEOFF BREMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JERI VICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROGER SPENCER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALICE KUO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 325 S PECK AVE, MANHATTAN BCH, CA 90266-6946
- Principal officer (990 for 2024)
- ROGER SPENCER, 325 S PECK AVE, MANHATTAN BEACH, CA 90266
- Signed the 990
- MITCHELL OZAWA, TREASURER
- Phone
- (310) 303-3342
- Website
- ENDOWMENT.MBEF.ORG
- Return prepared by
- WINDES INC
California records
California keeps its own records of charities and corporations. Search them by EIN 45-3552314 or by the name MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
MBEF ENDOWMENT PROVIDES MBEF WITH A CONTINUING AND SUSTAINABLE FUNDING SOURCE THAT WILL EXPAND AND ENHANCE THE QUALITY OF PUBLIC EDUCATION IN MANHATTAN BEACH, NOW AND FOR GENERATIONS TO COME.
Program accomplishments
- 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.Expenses $1,240,137 · grants $1,240,137
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-3552314
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $29,696,954
- Income (IRS master file)
- $3,172,508
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,569,763 | $1,325,122 | $29,696,954 | IRS |
| 990 | June 2024 | $3,202,329 | $1,278,236 | $26,612,248 | IRS |
| 990 | June 2023 | $1,986,497 | $1,266,107 | $23,649,646 | XML |
| 990 | June 2022 | $1,901,786 | $1,249,613 | $21,812,360 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-3552314).
Questions about MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND
- What is the EIN of MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND?
- The employer identification number (EIN) of MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND is 45-3552314.
- Is MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND?
- The 990 for the year ended June 30, 2025 names ROGER SPENCER.
- Who are the officers and directors of MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,569,763, expenses of $1,325,122 and total assets of $29,696,954 at year end.
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- MANHATTAN BEACH EDUCATION FOUNDATION EIN 95-3881166 · last filed 990 for 2025
- MBX FOUNDATION EIN 02-0603467 · last filed 990 for 2024
- OCEANOGRAPHIC TEACHING STATIONS INC EIN 95-3409019 · last filed 990 for 2025
- SHALEM EARLY CHILDHOOD LEARNING COMMUNITY EIN 82-5380874 · last filed 990 for 2025
- SAINT SEBASTIAN PROJECT INC EIN 26-4560066 · last filed 990 for 2025
- HARVARD BUSINESS SCHOOL ASSOC OF SOUTHERN CALIFORNIA EIN 23-7050137 · last filed 990 for 2025
- MANHATTAN BEACH ROTARY CLUB CHARITABLE FOUNDATION EIN 95-4459117 · last filed 990 for 2025