Civic Intelligence

Eastlake Educational Foundation

990 • Fiscal year 2023 • EIN 33-0678106

Jul 01, 2022 to Jun 30, 2023 • Filed on Aug 09, 2023

PO Box 210004Chula Vista, CA 91921

(619) 997-6470

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

27th percentile

-7.1%

Higher net margin than 27% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

56th percentile

$75,460

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 28.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

39th percentile

0.7%

Faster asset growth than 39% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-20%

Faster revenue growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,093,612

Up $7,941 (+0.7%) from 2022

Net Assets

Up

$1,093,612

Up $7,941 (+0.7%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$262,000

Down $64,207 (-20%) from 2022

Expenses

Down

$280,512

Down $726 (-0.3%) from 2022

Net Income

Down

-$18,512

Down $63,481 (-141%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $985,230Liabilities 2013: $56,809Net Assets 2013: $928,4212013Assets 2014: $1,032,895Liabilities 2014: $0Net Assets 2014: $1,032,8952014Assets 2015: $1,024,362Liabilities 2015: $0Net Assets 2015: $1,024,3622015Assets 2016: $987,397Liabilities 2016: $0Net Assets 2016: $987,3972016Assets 2018: $1,083,823Liabilities 2018: $0Net Assets 2018: $1,083,8232018Assets 2020: $1,022,976Liabilities 2020: $0Net Assets 2020: $1,022,9762020Assets 2021: $1,291,498Liabilities 2021: $0Net Assets 2021: $1,291,4982021Assets 2022: $1,085,671Liabilities 2022: $0Net Assets 2022: $1,085,6712022Assets 2023: $1,093,612Liabilities 2023: $0Net Assets 2023: $1,093,6122023Assets 2025: $1,210,874Liabilities 2025: $0Net Assets 2025: $1,210,8742025

Highlighted filing

2023

Assets$1,093,612
Liabilities$0
Net Assets$1,093,612

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2013: $243,7712013Revenue 2014: $203,295Expenses 2014: $214,861Net Income 2014: -$11,5662014Revenue 2015: $237,968Expenses 2015: $233,828Net Income 2015: $4,1402015Revenue 2016: $259,426Expenses 2016: $234,693Net Income 2016: $24,7332016Revenue 2018: $239,500Expenses 2018: $244,017Net Income 2018: -$4,5172018Revenue 2020: $165,514Expenses 2020: $179,854Net Income 2020: -$14,3402020Revenue 2021: $220,383Expenses 2021: $203,624Net Income 2021: $16,7592021Revenue 2022: $326,207Expenses 2022: $281,238Net Income 2022: $44,9692022Revenue 2023: $262,000Expenses 2023: $280,512Net Income 2023: -$18,5122023Revenue 2025: $223,340Expenses 2025: $263,446Net Income 2025: -$40,1062025

Highlighted filing

2023

Revenue$262,000
Expenses$280,512
Net Income-$18,512
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Aug 9, 2023
Return Version
2022v5.0
Gross Receipts
$295,894
Mission and Program Overview

Mission

The organization was established to improve, enhance, and support the quality of education among the children attending the public elementary, secondary and high schools in the eastlake community of chula vista, california.

The organization was established to improve, enhance, and support the quality of education among the children attending the public elementary, secondary and high schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$979,988$1,057,426▲ $77,438
Savings and Temporary Cash Investments$23,040$21,272▼ $1,768
Cash and Non-Interest-Bearing Accounts$82,180$14,914▼ $67,266
Receivable From Disqualified Prsn$463$0▼ $463
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,085,671$1,093,612▲ $7,941
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,082,341$1,093,612▲ $11,271
Net Assets With Donor Restrictions$3,330--
Total Net Assets Fund Balance$1,085,671$1,093,612▲ $7,941
Total Liabilities and Net Assets / Fund Balance$1,085,671$1,093,612▲ $7,941

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0--
Other Securities$1,057,426--
Financial Derivatives$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Janet FrancisExecutive DirectorFT$75,460$75,460

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$154,652
Program Service Revenue
$0
Investment Income
$93,651
Other Revenue
$13,697
All Other Contributions
$154,652
Change in Net Assets
$-18,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$129,875
Salaries, Compensation, and Employee Benefits$107,398
Other Expenses$43,239
Total Fundraising Expense$35,612
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$105,000--$105,000
Current Officers, Directors, Trustees, and Key Employees$45,276$11,319$18,865$75,460
Grants to Domestic Individuals$24,875--$24,875
Other Salaries and Wages$12,636$3,159$5,265$21,060
Information Technology$5,353$1,368$2,231$8,952
Fees for Service Investment Mgmnt Fees$5,036$1,259$2,098$8,393
Payroll Taxes$7,938$0$0$7,938
Conferences and Meetings$3,016$754$1,257$5,027
Insurance$3,011$752$1,255$5,018
Fees for Services Accounting$2,541$635$1,059$4,235
Advertising$2,323$581$968$3,872
Other Employee Benefits$1,764$441$735$2,940
Fees for Services Legal$856$215$357$1,428
Other Expenses$494$124$206$824
Office Expenses$312$78$130$520
Total Functional Expenses$223,277$21,623$35,612$280,512
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arroyo Vista Elementary Charter SchoolChula Vista, CA-Annual Grant Award$15,000
Eastlake ElementaryChula Vista, CA-Annual Grant Award$15,000
Eastlake High SchoolChula Vista, CA-Annual Grant Award$15,000
Eastlake Middle SchoolChula Vista, CA-Annual Grant Award$15,000
Olympic View ElementaryChula Vista, CA-Annual Grant Award$15,000
Salt Creek ElementaryChula Vista, CA-Annual Grant Award$15,000
Thurgood Marshall ElementaryChula Vista, CA-Annual Grant Award$15,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$47,591
Fundraising Direct Expenses$33,894
Professional Fundraising Fees$0
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$463$0▼ $463
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Eastlake Educational Foundation
EIN
33-0678106
Phone
6199976470
Address
PO BOX 210004, CHULA VISTA, CA 91921

Signing Officer

Name
Janet Francis
Title
Executive Director
Phone
6199976470
Signed
2023-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet Francis
Formed
1995
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
7
Volunteers
450

Preparer

Firm
Cynthia Whitney CPA
Address
9129 Inverness Road, Santee, CA 92071
Preparer
Cynthia Whitney CPA
Phone
6199710733
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 was reviewed by the executive director and or president of the organization to ensure accuracy.

Pt VI, Line 12C

The board of directors provides oversight to ensure all policies are adhered to.

Pt VI, Line 15A

The board of directors or committee thereof evaluates all employment and compensation decisions.

Pt XI

Other changes consist of changes to temp.rest.net assets

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IRS990/OfficeExpensesGrp/ProgramServicesAmt0312
IRS990/OfficeExpensesGrp/TotalAmt0520
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-3330
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0735
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0441
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01764
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02940
IRS990/OtherExpensesGrp/Desc0Telephone
IRS990/OtherExpensesGrp/Desc1Dues and subscriptions
IRS990/OtherExpensesGrp/Desc2Office supplies
IRS990/OtherExpensesGrp/Desc3Credit Card & Bank fees
IRS990/OtherExpensesGrp/FundraisingAmt0514
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt2672
IRS990/OtherExpensesGrp/FundraisingAmt3206
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0309
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1226
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2403
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3124
IRS990/OtherExpensesGrp/ProgramServicesAmt01233
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt21613
IRS990/OtherExpensesGrp/ProgramServicesAmt3494
IRS990/OtherExpensesGrp/TotalAmt02056
IRS990/OtherExpensesGrp/TotalAmt1226
IRS990/OtherExpensesGrp/TotalAmt22688
IRS990/OtherExpensesGrp/TotalAmt3824
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05265
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03159
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt012636
IRS990/OtherSalariesAndWagesGrp/TotalAmt021060
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt07938
IRS990/PayrollTaxesGrp/TotalAmt07938
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JANET FRANCIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc025 Acts of Steam Awards, Stem, and Restricted Fund Scholarships
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt024875
IRS990/ProgSrvcAccomActy2Grp/GrantAmt010250
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0257181
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0115240
IRS990/PYInvestmentIncomeAmt069026
IRS990/PYOtherExpensesAmt072742
IRS990/PYRevenuesLessExpensesAmt044969
IRS990/PYSalariesCompEmpBnftPaidAmt093256
IRS990/PYTotalExpensesAmt0281238
IRS990/PYTotalRevenueAmt0326207
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt0463
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-18512
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt098850
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023040
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021272
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: NET FUNDRAISING INCOME 2018: 50346. 2019: 5097. 2020: 0. 2021: 0. 2022: 13697.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0154652
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0257181
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0194138
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0123228
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0148749
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0877948
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt093651
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt069027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt026245
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt037189
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt048167
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0274279
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt093651
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt069027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt026245
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt037189
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt048167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0274279
IRS990ScheduleA/InvestmentIncomeCYPct00.22460
IRS990ScheduleA/InvestmentIncomePYPct00.13500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt013697
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05097
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt050346
IRS990ScheduleA/OtherIncome509Grp/TotalAmt069140
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.71880
IRS990ScheduleA/PublicSupportPY509Pct00.76220
IRS990ScheduleA/PublicSupportTotal509Amt0877948
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0154652
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0257181
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0194138
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0123228
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0148749
IRS990ScheduleA/Total509Grp/TotalAmt0877948
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01221367
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt00
IRS990ScheduleD/FinancialDerivativesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01057426
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01057426
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01650

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