Civic Intelligence

Hermosa Beach Education Foundation

990 • Fiscal year 2017 • EIN 33-0522270

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

PO Box 864Hermosa Beach, CA 90254

(310) 372-1785

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

65th percentile

9.5%

Higher net margin than 65% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

24th percentile

-6.8%

Faster revenue growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,063,859

Up $254,539 (+14%) from 2016

Net Assets

Up

$2,061,333

Up $252,013 (+14%) from 2016

Liabilities

Up

$2,526

Up $2,526 from 2016

Revenue

Down

$981,029

Down $71,747 (-6.8%) from 2016

Expenses

Down

$887,920

Down $80,560 (-8.3%) from 2016

Net Income

Up

$93,109

Up $8,813 (+10%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2014: $1,488,426Liabilities 2014: $100Net Assets 2014: $1,488,3262014Assets 2015: $1,714,684Liabilities 2015: $2,945Net Assets 2015: $1,711,7392015Assets 2016: $1,809,320Liabilities 2016: $0Net Assets 2016: $1,809,3202016Assets 2017: $2,063,859Liabilities 2017: $2,526Net Assets 2017: $2,061,3332017Assets 2018: $2,334,036Liabilities 2018: $0Net Assets 2018: $2,334,0362018Assets 2019: $2,552,028Liabilities 2019: $0Net Assets 2019: $2,552,0282019Assets 2020: $3,771,967Liabilities 2020: $0Net Assets 2020: $3,771,9672020Assets 2021: $4,344,084Liabilities 2021: $0Net Assets 2021: $4,344,0842021Assets 2022: $4,053,979Liabilities 2022: $1Net Assets 2022: $4,053,9782022Assets 2023: $4,473,658Liabilities 2023: $0Net Assets 2023: $4,473,6582023Assets 2024: $5,184,192Liabilities 2024: $0Net Assets 2024: $5,184,1922024

Highlighted filing

2017

Assets$2,063,859
Liabilities$2,526
Net Assets$2,061,333

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $1,095,962Expenses 2014: $1,321,068Net Income 2014: -$225,1062014Revenue 2015: $1,088,387Expenses 2015: $969,467Net Income 2015: $118,9202015Revenue 2016: $1,052,776Expenses 2016: $968,480Net Income 2016: $84,2962016Revenue 2017: $981,029Expenses 2017: $887,920Net Income 2017: $93,1092017Revenue 2018: $1,056,067Expenses 2018: $945,759Net Income 2018: $110,3082018Revenue 2019: $1,235,592Expenses 2019: $1,158,694Net Income 2019: $76,8982019Revenue 2020: $1,193,904Expenses 2020: $30,206Net Income 2020: $1,163,6982020Revenue 2021: $1,117,051Expenses 2021: $1,106,904Net Income 2021: $10,1472021Revenue 2022: $1,336,942Expenses 2022: $1,130,348Net Income 2022: $206,5942022Revenue 2023: $1,331,799Expenses 2023: $1,191,450Net Income 2023: $140,3492023Revenue 2024: $1,510,631Expenses 2024: $1,167,769Net Income 2024: $342,8622024

Highlighted filing

2017

Revenue$981,029
Expenses$887,920
Net Income$93,109
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$1,103,885
Mission and Program Overview

Mission

To promote investment in hermosa beach public schools and provide educational grants

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,805,285$2,055,659▲ $250,374
Savings and Temporary Cash Investments$4,035$8,200▲ $4,165
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,809,320$2,063,859▲ $254,539
Other Assets Total-$0-
Liabilities
Other Liabilities-$2,526-
Total Liabilities$0$2,526▲ $2,526
Net Assets / Fund Balance
Unrestricted Net Assets$1,809,320$2,061,333▲ $252,013
Total Net Assets Fund Balance$1,809,320$2,061,333▲ $252,013
Total Liabilities and Net Assets / Fund Balance$1,809,320$2,063,859▲ $254,539
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carla PercellPresident
Ali MaloneVice President
Alissa MillerVice President
Cristina TastoVice President
Emily HegenbergerVice President
Gail LaskowskiVice President
Jen MolodVice President
Stephen MccallVice President
Dan InskeepCFO
Patrick GoshtigianCIO
Carol Reid KlutheSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$754,780
Program Service Revenue
$0
Investment Income
$23,264
Other Revenue
$202,985
All Other Contributions
$707,049
Change in Net Assets
$93,109

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported Amount
Other Non Cash Contri Table$47,731
Total Noncash Contributions$47,731
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$861,056
Other Expenses$26,864
Total Fundraising Expense$6,370
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$861,056--$861,056
Advertising--$2,681$2,681
Insurance-$1,532-$1,532
All Other Expenses-$200$476$676
Other Expenses-$675$3,213$675
Fees for Services Accounting-$98-$98
Total Functional Expenses$861,056$20,494$6,370$887,920
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hermosa Beach CsdHermosa Beach, CA--$861,056
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$325,841
Fundraising Direct Expenses$122,856
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pier to Pier Walk$130,000$130,000$2,122$127,878
Dinner Dance$177,486$129,755$113,756$15,999
Total Events$373,572$325,841$122,856$202,985
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Directed Grants Payable$2,525
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

All executive board positions are approved by a vote of the entire board.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Decisons of the executive board are approved or disapproved by a vote of the entire board.

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 will be reviewed by the governing board.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Officers and board members are questioned at least annually regarding any possible conflicts.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Copies of all documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Hermosa Beach Education Foundation
EIN
33-0522270
Phone
3103721785
Address
PO BOX 864, HERMOSA BEACH, CA 90254

Signing Officer

Name
Dan Inskeep
Title
CFO
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
11
Independent Board Members
31
Employees
0
Volunteers
31

Preparer

Firm
Gina L DeRosa CPA PC
Address
3625 Del Amo Blvd Ste 395, Torrance, CA 90503-1695
Preparer
Gina L DeRosa CPA
Phone
3105429966
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IRS990/PayrollTaxesGrp/TotalAmt00
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/ProfessionalFundraisingInd0false
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IRS990/PYOtherRevenueAmt0216132
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0981029
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt08200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0707049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0698317
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0775894
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0886191
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0885073
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03952524
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt034724
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt034162
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IRS990ScheduleA/PublicSupportPY170Pct00.95950
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0698317
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0775894
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0886191
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0885073
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03952524
IRS990ScheduleA/TotalSupportAmt04117351
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DIRECTED GRANTS PAYABLE
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IRS990ScheduleD/TotalLiabilityAmt02526
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/EmailSolicitationsInd0X
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt047731
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DINNER DANCE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0PIER TO PIER WALK
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0130000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt066086
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0130000
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0202985
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IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0861056
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HERMOSA BEACH CSD
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IRS990ScheduleI/RecipientTable/USAddress/CityNm0HERMOSA BEACH
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IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL EXECUTIVE BOARD POSITIONS ARE APPROVED BY A VOTE OF THE ENTIRE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DECISONS OF THE EXECUTIVE BOARD ARE APPROVED OR DISAPPROVED BY A VOTE OF THE ENTIRE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 WILL BE REVIEWED BY THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICERS AND BOARD MEMBERS ARE QUESTIONED AT LEAST ANNUALLY REGARDING ANY POSSIBLE CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false

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