Civic Intelligence

Pasadena Educational Foundation

990 • Fiscal year 2019 • EIN 23-7149451

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 23, 2020

351 South Hudson Avenue No 153Pasadena, CA 91101

(626) 396-3625

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.26x

Higher debt load relative to assets than 61% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

67th percentile

0.37x

Higher debt load relative to revenue than 67% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

65th percentile

9.3%

Higher net margin than 65% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

66th percentile

$162,750

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

88th percentile

30%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

81st percentile

25%

Faster revenue growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$9,512,639

Up $2,203,405 (+30%) from 2018

Net Assets

Up

$7,021,820

Up $877,455 (+14%) from 2018

Liabilities

Up

$2,490,819

Up $1,325,950 (+114%) from 2018

Revenue

Up

$6,644,616

Up $1,314,968 (+25%) from 2018

Expenses

Up

$6,023,795

Up $793,573 (+15%) from 2018

Net Income

Up

$620,821

Up $521,395 (+524%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2012: $6,038,219Liabilities 2012: $1,388,526Net Assets 2012: $4,649,6932012Assets 2013: $7,295,583Liabilities 2013: $1,362,678Net Assets 2013: $5,932,9052013Assets 2014: $7,675,478Liabilities 2014: $1,036,078Net Assets 2014: $6,639,4002014Assets 2015: $7,620,310Liabilities 2015: $919,853Net Assets 2015: $6,700,4572015Assets 2016: $7,661,279Liabilities 2016: $808,266Net Assets 2016: $6,853,0132016Assets 2017: $6,841,661Liabilities 2017: $688,525Net Assets 2017: $6,153,1362017Assets 2018: $7,309,234Liabilities 2018: $1,164,869Net Assets 2018: $6,144,3652018Assets 2019: $9,512,639Liabilities 2019: $2,490,819Net Assets 2019: $7,021,8202019Assets 2020: $9,194,355Liabilities 2020: $2,447,939Net Assets 2020: $6,746,4162020Assets 2021: $10,750,801Liabilities 2021: $2,797,016Net Assets 2021: $7,953,7852021Assets 2022: $9,742,843Liabilities 2022: $2,837,267Net Assets 2022: $6,905,5762022Assets 2023: $10,455,494Liabilities 2023: $2,899,816Net Assets 2023: $7,555,6782023Assets 2024: $10,474,361Liabilities 2024: $2,373,043Net Assets 2024: $8,101,3182024

Highlighted filing

2019

Assets$9,512,639
Liabilities$2,490,819
Net Assets$7,021,820

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $4,944,1902012Expenses 2013: $5,017,4302013Revenue 2014: $5,566,379Expenses 2014: $5,214,093Net Income 2014: $352,2862014Revenue 2015: $6,006,653Expenses 2015: $5,941,411Net Income 2015: $65,2422015Revenue 2016: $5,990,427Expenses 2016: $5,334,409Net Income 2016: $656,0182016Revenue 2017: $5,141,380Expenses 2017: $5,473,989Net Income 2017: -$332,6092017Revenue 2018: $5,329,648Expenses 2018: $5,230,222Net Income 2018: $99,4262018Revenue 2019: $6,644,616Expenses 2019: $6,023,795Net Income 2019: $620,8212019Revenue 2020: $4,610,690Expenses 2020: $4,973,745Net Income 2020: -$363,0552020Revenue 2021: $5,002,694Expenses 2021: $3,826,806Net Income 2021: $1,175,8882021Revenue 2022: $6,068,647Expenses 2022: $5,412,983Net Income 2022: $655,6642022Revenue 2023: $5,819,367Expenses 2023: $5,304,312Net Income 2023: $515,0552023Revenue 2024: $5,076,581Expenses 2024: $5,232,276Net Income 2024: -$155,6952024

Highlighted filing

2019

Revenue$6,644,616
Expenses$6,023,795
Net Income$620,821
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 23, 2020
Return Version
2018v3.1
Gross Receipts
$7,617,490
Mission and Program Overview

Mission

The pasadena educational foundation's mission is to support, enhance, and supplement the programs, initiatives, and priorities of the pasadena unified school district.

Fundraising for pasadena area public schools, including altadena, pasadena and sierra madre.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,241,764$7,184,842▲ $1,943,078
Cash and Non-Interest-Bearing Accounts$1,499,717$1,573,482▲ $73,765
Savings and Temporary Cash Investments$300,832$358,586▲ $57,754
Accounts Receivable$124,484$193,663▲ $69,179
Investments Other Securities$110,996$166,124▲ $55,128
Prepaid Expenses and Deferred Charges$31,441$35,942▲ $4,501
Total Assets$7,309,234$9,512,639▲ $2,203,405
Liabilities
Accounts Payable and Accrued Expenses$941,691$2,224,619▲ $1,282,928
Deferred Revenue$223,178$266,200▲ $43,022
Total Liabilities$1,164,869$2,490,819▲ $1,325,950
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,887,394$5,994,031▲ $106,637
Unrestricted Net Assets$11,146$731,714▲ $720,568
Permanently Rstr Net Assets$245,825$296,075▲ $50,250
Total Net Assets Fund Balance$6,144,365$7,021,820▲ $877,455
Total Liabilities and Net Assets / Fund Balance$7,309,234$9,512,639▲ $2,203,405

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$312,549$50,250▲ $31,253-$394,052
2017$289,037$100▲ $23,412-$312,549
2016$270,364$126▲ $18,547-$289,037
2015$262,389-▲ $7,975-$270,364
2014$290,667$10,092▲ $5,549$43,919$262,389
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick ConyersExecutive DirectorFT$155,000$7,750$162,750
Angela ParrisDevelopment DirectorFT$115,250$16,589$131,839

Board Members and Trustees

NameTitle
Kathy J OnoyeBoard President
William B CreimImmediate Past President
Felita KealingVice President
Melissa WinhamVice President
Sandy RobertsVice President
Sarah DeschenesVice President
ANGELITA MONT O'BRIENBoard Member
Alma M StokesBoard Member
Anett HillBoard Member
DAWN CARSON O'KEEFFEBoard Member
Del LileBoard Member
Erik BergBoard Member
Felicia WilliamsBoard Member
Frances DaymanBoard Member
George a BrumderBoard Member
Jane KaczmarekBoard Member
Jennifer Miyake-trappBoard Member
Jill GirodBoard Member
Jonathan S FuhrmanBoard Member
Julia MccallinBoard Member
Lawayne WilliamsBoard Member
Lorna Touryan MillerBoard Member
Lucy LambBoard Member
Luisa Rengifo-estradaBoard Member
Lydia Idem FinkleyBoard Member
Marguerite Ann SnowBoard Member
Maureen CarlsonBoard Member
Sharon LeflerBoard Member
Tamerlin J GodleyBoard Member
William E Thomson JrBoard Member
James PattersonSecretary
D Barton DoyleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,393,121
Program Service Revenue
$993,901
Investment Income
$257,594
Other Revenue
$0
All Other Contributions
$4,916,536
Change in Net Assets
$620,821

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded340$68,784Fair Market Value
Other Non Cash Contri Table1,500$7,122Fair Market Value
Food Inventory1$5,681Fair Market Value
Total Noncash Contributions1,841$81,587-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,448,847
Revenue Not Reported on Financial Statements
$195,769
Revenue Not Reported on Form 990
$256,634
Other Revenue Adjustments
$195,769
Total Revenue per Audited Statements
$6,705,481
Total Revenue per Form 990
$6,644,616
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,043,633
Salaries, Compensation, and Employee Benefits$1,990,009
Other Expenses$1,970,473
Total Fundraising Expense$523,380
Professional Fundraising Fees$19,680

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,588,966--$1,588,966
Other Salaries and Wages$1,134,797$101,919$305,627$1,542,343
Fees for Services Other$691,306$6,705$1,076$699,087
Grants to Domestic Individuals$454,667--$454,667
Current Officers, Directors, Trustees, and Key Employees$65,100$56,963$40,687$162,750
Office Expenses$86,651$23,036$40,480$150,167
Payroll Taxes$109,985$11,849$26,129$147,963
Other Employee Benefits$54,779$12,094$26,668$93,541
Conferences and Meetings$72,308--$72,308
All Other Expenses$47,039--$47,039
Pension Plan Contributions$25,075$4,459$13,878$43,412
Other Expenses$42,363-$48,155$42,363
Travel$35,911--$35,911
Fees for Services Professional Fundraising--$19,680$19,680
Fees for Services Accounting-$17,054-$17,054
Insurance$1,800$1,008$1,000$3,808
Fees for Service Investment Mgmnt Fees$3,362--$3,362
Information Technology-$2,800-$2,800
Fees for Services Legal-$525-$525
Total Functional Expenses$5,262,003$238,412$523,380$6,023,795

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,023,795
Expenses per Audited Statements$5,828,026
Total Expenses per Audited Statements$5,828,026
Expenses Not Reported on Financial Statements$195,769
Other Expense Adjustments$195,769
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pasadena Unified School DistrictPasadena, CA-Support Pasadena Unified School District Programs. See Sch. I, Part Iv for Program Listing.$1,588,966
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$49,744
Fundraising Gross Income$49,744
Professional Fundraising Fees$19,680

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Event$526,329$49,744$18,945$30,799
Total Events$526,329$49,744$49,744$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of form 990 will be provided as an email attachment for all board members to view. The executive committee will review the document.

Form 990, Part VI, Section B, Line 12C

Board members complete and sign a conflict of interest policy which is reviewed by the executive director.

Form 990, Part VI, Section B, Line 15

The executive committee meets to determine the compensation of the executive director and uses comparable local nonprofit salaries and experience, to determine salary range. The executive director recommends to the executive committee compensation levels for all employees. The board of directors approves the budget which includes compensation.

Form 990, Part VI, Section C, Line 19

Form 990 is uploaded on pef website and on the website of guidestar.

Filing and Contact Details

Filer

Filer Name
Pasadena Educational Foundation
EIN
23-7149451
Phone
6263963625
Address
351 SOUTH HUDSON AVENUE NO 153, PASADENA, CA 91101

Signing Officer

Name
Patrick Conyers
Title
Executive Director
Phone
6263963625
Signed
2020-04-23

Organization Details

Principal Officer
Patrick Conyers
Formed
1971
Legal Domicile
CA
Voting Board Members
32
Independent Board Members
32
Employees
198
Volunteers
335

Preparer

Firm
Quigley & Miron
Address
3550 WILSHIRE BLVD 1660, LOS ANGELES, CA 90010
Preparer
Armen Grigorian
Phone
2136393550
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside contractors & services: program service expenses 691,306. Management and general expenses 6,705. Fundraising expenses 1,076. Total expenses 699,087.

FORM 990, PART XII, LINE 2C:

The audit committee is responsible for the oversight of the audit of the financial statements and selection of an independent accountant. This process is unchanged from the prior year.

Financial Statement Notes

PART V, LINE 4:

Permanently restricted net assets at june 30, 2019 consist of donor-restricted amounts received in which the principal gift is to remain in perpetuity. Only the income earned can be used to satisfy temporary restrictions, or for operations, if unrestricted. Summary of endowment fund balances and activity. Permanently restricted endowment net asset composition by donor imposed stipulations for the years ended june 30, 2019 is as follows: wilson library $ 100,920 music and education 64,000 general operating purposes 131,155 totals $ 296,075 endowment net assets consist of the following at june 30, 2019: cash $ 31,280 investments 196,648 beneficial interest in perpetual trust 166,124 totals $ 394,052

PART X, LINE 2:

Accounting standards require an organization to evaluate its tax positions and provide for a liability for any positions that would not be considered "more likely than not" to be upheld under a tax authority examination. Management has evaluated its tax positions and has concluded that a provision for a tax liability is not necessary at june 30, 2019 and 2018. Generally, the foundation's information returns remain open for examination for three years (federal) or four years (state of california) from the date of filing.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Summer school scholarships expense 195,769.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Summer school scholarships expense 195,769.

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IRS990/ActivityOrMissionDesc0FUNDRAISING FOR PASADENA AREA PUBLIC SCHOOLS, INCLUDING ALTADENA, PASADENA AND SIERRA MADRE.
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IRS990/Form990PartVIISectionAGrp/PersonNm13JENNIFER MIYAKE-TRAPP
IRS990/Form990PartVIISectionAGrp/PersonNm14JILL GIROD
IRS990/Form990PartVIISectionAGrp/PersonNm15JONATHAN S FUHRMAN
IRS990/Form990PartVIISectionAGrp/PersonNm16JULIA MCCALLIN
IRS990/Form990PartVIISectionAGrp/PersonNm17KATHY J ONOYE
IRS990/Form990PartVIISectionAGrp/PersonNm18LAWAYNE WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm19LORNA TOURYAN MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm20LUCY LAMB
IRS990/Form990PartVIISectionAGrp/PersonNm21LUISA RENGIFO-ESTRADA
IRS990/Form990PartVIISectionAGrp/PersonNm22LYDIA IDEM FINKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm23MARGUERITE ANN SNOW
IRS990/Form990PartVIISectionAGrp/PersonNm24MAUREEN CARLSON
IRS990/Form990PartVIISectionAGrp/PersonNm25MELISSA WINHAM
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IRS990/Form990PartVIISectionAGrp/PersonNm27SARAH DESCHENES
IRS990/Form990PartVIISectionAGrp/PersonNm28SHARON LEFLER
IRS990/Form990PartVIISectionAGrp/PersonNm29TAMERLIN J GODLEY
IRS990/Form990PartVIISectionAGrp/PersonNm30WILLIAM B CREIM
IRS990/Form990PartVIISectionAGrp/PersonNm31WILLIAM E THOMSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm32PATRICK CONYERS
IRS990/Form990PartVIISectionAGrp/PersonNm33ANGELA PARRIS
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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt26VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt29BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt30IMMEDIATE PAST PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt32EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DEVELOPMENT DIRECTOR
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IRS990/MissionDesc0THE PASADENA EDUCATIONAL FOUNDATION'S MISSION IS TO SUPPORT, ENHANCE, AND SUPPLEMENT THE PROGRAMS, INITIATIVES, AND PRIORITIES OF THE PASADENA UNIFIED SCHOOL DISTRICT.
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