Civic Intelligence

Manhattan Beach Education Foundation Endowment Fund

990 • Fiscal year 2023 • EIN 45-3552314

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 17, 2024

Organization ProfileENDOWMENT.MBEF.ORG
325 S Peck AveManhattan Beach, CA 90266

(310) 303-3342

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

14th percentile

0.03x

Higher debt load relative to revenue than 14% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

86th percentile

36%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

37th percentile

$147,056

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

57th percentile

8.4%

Faster asset growth than 57% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

48th percentile

4.5%

Faster revenue growth than 48% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets10th percentile

Assets

Flat

$23,649,646

Flat from 2023

Net Assets

Flat

$23,584,646

Flat from 2023

Liabilities

Flat

$65,000

Flat from 2023

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin86th percentile

Revenue

Flat

$1,986,497

Flat from 2023

Expenses

Flat

$1,266,107

Flat from 2023

Net Income

Flat

$720,390

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$30M$20M$10M$0Assets 2012: $0Liabilities 2012: $02012Assets 2013: $85,377Net Assets 2013: $85,3772013Assets 2014: $13,303,017Liabilities 2014: $23,535Net Assets 2014: $13,279,4822014Assets 2015: $13,836,325Liabilities 2015: $77,184Net Assets 2015: $13,759,1412015Assets 2016: $14,407,313Liabilities 2016: $72,998Net Assets 2016: $14,334,3152016Assets 2017: $17,046,853Liabilities 2017: $65,000Net Assets 2017: $16,981,8532017Assets 2018: $18,563,560Liabilities 2018: $68,000Net Assets 2018: $18,495,5602018Assets 2019: $19,554,391Liabilities 2019: $68,200Net Assets 2019: $19,486,1912019Assets 2020: $19,188,638Liabilities 2020: $124,271Net Assets 2020: $19,064,3672020Assets 2021: $24,473,098Liabilities 2021: $65,000Net Assets 2021: $24,408,0982021Assets 2022: $21,812,360Liabilities 2022: $65,000Net Assets 2022: $21,747,3602022Assets 2023: $23,649,646Liabilities 2023: $65,000Net Assets 2023: $23,584,6462023Assets 2023: $23,649,646Liabilities 2023: $65,000Net Assets 2023: $23,584,6462023Assets 2024: $26,612,248Liabilities 2024: $65,000Net Assets 2024: $26,547,2482024

Highlighted filing

2023

Assets$23,649,646
Liabilities$65,000
Net Assets$23,584,646
Open 2023 Filing

Operations Trend

Revenue Growth48th percentile

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

$15M$10M$5.0M$0Revenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $127,973Expenses 2013: $42,596Net Income 2013: $85,3772013Revenue 2014: $12,006,988Expenses 2014: $262,758Net Income 2014: $11,744,2302014Revenue 2015: $891,078Expenses 2015: $348,400Net Income 2015: $542,6782015Revenue 2016: $1,838,628Expenses 2016: $383,322Net Income 2016: $1,455,3062016Revenue 2017: $2,183,238Expenses 2017: $586,038Net Income 2017: $1,597,2002017Revenue 2018: $1,813,989Expenses 2018: $841,718Net Income 2018: $972,2712018Revenue 2019: $1,593,201Expenses 2019: $966,433Net Income 2019: $626,7682019Revenue 2020: $1,379,947Expenses 2020: $1,058,631Net Income 2020: $321,3162020Revenue 2021: $1,760,718Expenses 2021: $1,074,289Net Income 2021: $686,4292021Revenue 2022: $1,901,786Expenses 2022: $1,249,613Net Income 2022: $652,1732022Revenue 2023: $1,986,497Expenses 2023: $1,266,107Net Income 2023: $720,3902023Revenue 2023: $1,986,497Expenses 2023: $1,266,107Net Income 2023: $720,3902023Revenue 2024: $3,202,329Expenses 2024: $1,278,236Net Income 2024: $1,924,0932024

Highlighted filing

2023

Revenue$1,986,497
Expenses$1,266,107
Net Income$720,390
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 17, 2024
Return Version
2022v5.0
Gross Receipts
$3,039,435
Mission and Program Overview

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.

The manhattan beach education foundation endowment fund provides the manhattan beach education foundation 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,698,185$22,645,361▲ $1,947,176
Cash and Non-Interest-Bearing Accounts$162,252$159,016▼ $3,236
Prepaid Expenses and Deferred Charges$7,306$7,353▲ $47
Savings and Temporary Cash Investments$9,955$3,807▼ $6,148
Pledges and Grants Receivable-$500-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$21,812,360$23,649,646▲ $1,837,286
Other Assets Total$934,662$833,609▼ $101,053
Liabilities
Other Liabilities$65,000$65,000→ $0
Total Liabilities$65,000$65,000→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,184,254$12,189,049▲ $2,004,795
Net Assets Without Donor Restrictions$11,563,106$11,395,597▼ $167,509
Total Net Assets Fund Balance$21,747,360$23,584,646▲ $1,837,286
Total Liabilities and Net Assets / Fund Balance$21,812,360$23,649,646▲ $1,837,286

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$5,696$5,696
Other Land Buildings$0$1,418$1,418

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$21,684,221$1,003,909▲ $2,086,774$156,000$23,460,453
2021$23,975,465$1,361,236▼ $2,515,278-$21,684,221
2020$18,915,301$224,017▲ $5,835,564-$23,975,465
2019$19,329,812$151,084▲ $358,237-$18,915,301
2018$18,208,555$973,561▲ $971,696-$19,329,812
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Hilary MahanExecutive DirectorPT$147,056$147,056
David BrennanDirector of Development & PartnershipPT$118,558$118,558

Board Members and Trustees

NameTitle
Mike DuckworthPresident
Alice KuoDirector
Geoff BremerDirector
Jeri VickDirector
Roger SpencerDirector
Rich WeissCIO
Mitchell OzawaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,003,913
Program Service Revenue
$0
Investment Income
$982,584
Other Revenue
$0
All Other Contributions
$151,825
Change in Net Assets
$720,390

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,986,497
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,116,896
Total Revenue per Audited Statements
$3,103,393
Total Revenue per Form 990
$1,986,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,162,951
Other Expenses$103,156
Total Fundraising Expense$75,471
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,162,951--$1,162,951
Fees for Services Management-$19,500$45,500$65,000
Fees for Services Accounting-$3,200$400$3,600
Insurance-$3,414-$3,414
Office Expenses-$1,156-$1,156
Other Expenses-$15$531$546
Information Technology-$400-$400
Total Functional Expenses$1,162,951$27,685$75,471$1,266,107

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,266,107
Total Expenses per Audited Statements$1,266,107
Total Expenses per Form 990$1,266,107
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Manhattan Beach Education FoundationManhattan Beach, CA501(c)(3)K-12 Educational Support$1,162,951
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Manhattan Beach Education Foundation$65,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Describe the process used by the organization to review this form 990: the audit and compliance committee reviews and approves the form 990. It is then provided to the full board for final review, and the audit and compliance committee chair presents the committee's approval.”

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

“Did the organization regularly and consistently monitor 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. The person with conflict concerns shall not participate in discussion and vote of the matter.”

Form 990, Part VI, Section B, Line 15

“Did the process to determine compensation include a review and approval by independent persons, comparable data, and comtemporaneous substantiation of the deliberation and decision? 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

“Describe how the organization makes its governing documents, conflict of interest policy, and financial statements available to the public: the organization makes governing documents, conflict of interest policy, and financial statements available upon request. The organization makes its form 1023 and form 990 available upon request.”

Filing and Contact Details

Filer

Filer Name
Manhattan Beach Education Foundation
EIN
45-3552314
Phone
3103033342
Address
325 S PECK AVE, MANHATTAN BEACH, CA 90266

Signing Officer

Name
Mitch Ozawa
Title
Treasurer
Phone
3103033342
Signed
2024-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roger Spencer
Formed
2011
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
10

Preparer

Firm
Windes Inc
Address
PO BOX 87, LONG BEACH, CA 90801
Preparer
Aaron Phillips
Phone
5624351191
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Per endowment's disbursement policy, if the market value of the funds is greater than $10 million on december 31 of each year, the board may make an annual disbursement to mbef. Current target disbursement rate is 1% for fund market value $10-$12 million, 2% for fund market value of $12-$13 million, 3% for fund market value of $13-$14 million, 4% for fund market value of $14-$15 million, 5% for fund market value of over $15 million. For 2022- the fund market value at 12/31/22 was around $21.8 million so 5% was the disbursement rate. The board approved $1,158,451 (5% of the three-year average year end market value of the endowment).”

PART X, LINE 2:

“Fin 48: the organization 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. The organization 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.”

Raw XML AppendixShowing 400 of 486 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND PROVIDES THE MANHATTAN BEACH EDUCATION FOUNDATION 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.
IRS990/AllOtherContributionsAmt0151825
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0HILARY MAHAN EXECUTIVE DIRECTOR
IRS990/BooksInCareOfDetail/PhoneNum03103033342
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0325 S PECK AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MANHATTAN BEACH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090266
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0162252
IRS990/CashNonInterestBearingGrp/EOYAmt0159016
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01003913
IRS990/CYGrantsAndSimilarPaidAmt01162951
IRS990/CYInvestmentIncomeAmt0982584
IRS990/CYOtherExpensesAmt0103156
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0720390
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01266107
IRS990/CYTotalFundraisingExpenseAmt075471
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01986497
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE 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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt010184254
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt012189049
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01162951
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/FundraisingAmt0400
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03200
IRS990/FeesForServicesAccountingGrp/TotalAmt03600
IRS990/FeesForServicesManagementGrp/FundraisingAmt045500
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt019500
IRS990/FeesForServicesManagementGrp/TotalAmt065000
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt232.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt332.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt78.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt88.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0MIKE DUCKWORTH
IRS990/Form990PartVIISectionAGrp/PersonNm1MITCHELL OZAWA
IRS990/Form990PartVIISectionAGrp/PersonNm2RICH WEISS
IRS990/Form990PartVIISectionAGrp/PersonNm3GEOFF BREMER
IRS990/Form990PartVIISectionAGrp/PersonNm4JERI VICK
IRS990/Form990PartVIISectionAGrp/PersonNm5ROGER SPENCER
IRS990/Form990PartVIISectionAGrp/PersonNm6ALICE KUO
IRS990/Form990PartVIISectionAGrp/PersonNm7HILARY MAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID BRENNAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7147056
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8118558
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIR. OF DEVELOPMENT & PARTNERSHIP
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0447062
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt01162951
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01162951
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01162951
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01500000
IRS990/GrossReceiptsAmt03039435
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0400
IRS990/InformationTechnologyGrp/TotalAmt0400
IRS990/InsuranceGrp/ManagementAndGeneralAmt03414
IRS990/InsuranceGrp/TotalAmt03414
IRS990/InvestmentIncomeGrp/ExclusionAmt0535522
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0535522
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt020698185
IRS990/InvestmentsPubTradedSecGrp/EOYAmt022645361
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07114
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt07114
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01052938
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MBEF 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt021747360
IRS990/NetAssetsOrFundBalancesEOYAmt023584646
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0447062
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0447062
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01116896
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt011563106
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011395597
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01156
IRS990/OfficeExpensesGrp/TotalAmt01156
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0934662
IRS990/OtherAssetsTotalGrp/EOYAmt0833609
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0COMMUNITY RELATIONS
IRS990/OtherExpensesGrp/Desc1BANK & MERCHANT FEES
IRS990/OtherExpensesGrp/FundraisingAmt029040
IRS990/OtherExpensesGrp/FundraisingAmt1531
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015
IRS990/OtherExpensesGrp/TotalAmt029040
IRS990/OtherExpensesGrp/TotalAmt1546
IRS990/OtherLiabilitiesGrp/BOYAmt065000
IRS990/OtherLiabilitiesGrp/EOYAmt065000
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07306
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07353
IRS990/PrincipalOfficerNm0ROGER SPENCER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01119234
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01141702
IRS990/PYInvestmentIncomeAmt0782552
IRS990/PYOtherExpensesAmt0107911
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0652173
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01249613
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01901786
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0720390
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0852088
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09955
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03807
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01003913
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01119234
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0551180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0275278
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0973561
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03923166
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0535522
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0472838
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0425170
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0430420
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0447982
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02311932
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.62010
IRS990ScheduleA/PublicSupportPY170Pct00.63800
IRS990ScheduleA/PublicSupportTotal170Amt03866532
IRS990ScheduleA/SubstantialContributorsTotAmt056634
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01003913
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01119234
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0551180
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0275278
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0973561
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03923166
IRS990ScheduleA/TotalSupportAmt06235098
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/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.48190
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt021684221
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01003909
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt023460453
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01158451
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02086774
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0156000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt023975465
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01361236
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt021684221
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01137202
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2515278
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt018915301
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0224017
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt023975465
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0999417
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05835564
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt019329812
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0151084
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt018915301
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0923832
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0358237
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt018208555
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0973561
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt019329812
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0824000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0971696
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05696
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05696
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01266107
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01116896
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01418
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01418
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt065000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO MANHATTAN BEACH EDUCATION FOUNDATION
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.37100
IRS990ScheduleD/RevenueNotReportedAmt01116896
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01986497
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PER ENDOWMENT'S DISBURSEMENT POLICY, IF THE MARKET VALUE OF THE FUNDS IS GREATER THAN $10 MILLION ON DECEMBER 31 OF EACH YEAR, THE BOARD MAY MAKE AN ANNUAL DISBURSEMENT TO MBEF. CURRENT TARGET DISBURSEMENT RATE IS 1% FOR FUND MARKET VALUE $10-$12 MILLION, 2% FOR FUND MARKET VALUE OF $12-$13 MILLION, 3% FOR FUND MARKET VALUE OF $13-$14 MILLION, 4% FOR FUND MARKET VALUE OF $14-$15 MILLION, 5% FOR FUND MARKET VALUE OF OVER $15 MILLION. FOR 2022- THE FUND MARKET VALUE AT 12/31/22 WAS AROUND $21.8 MILLION SO 5% WAS THE DISBURSEMENT RATE. THE BOARD APPROVED $1,158,451 (5% OF THE THREE-YEAR AVERAGE YEAR END MARKET VALUE OF THE ENDOWMENT).
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FIN 48: THE ORGANIZATION 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. THE ORGANIZATION 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.14710
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01266107
IRS990ScheduleD/TotalLiabilityAmt065000
IRS990ScheduleD/TotalRevenuePerForm990Amt01986497
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03103393
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01266107
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01162951
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0K-12 EDUCATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MANHATTAN BEACH EDUCATION FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0953881166
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0325 PECK AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MANHATTAN BEACH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd090266
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PER ENDOWMENT'S DISBURSEMENT POLICY, IF THE MARKET VALUE OF THE FUNDS IS GREATER THAN $10 MILLION ON DECEMBER 31 OF EACH YEAR, THE BOARD MAY MAKE AN ANNUAL DISBURSEMENT TO MBEF. CURRENT TARGET DISBURSEMENT RATE IS 1% FOR FUND MARKET VALUE $10-$12 MILLION, 2% FOR FUND MARKET VALUE OF $12-$13 MILLION, 3% FOR FUND MARKET VALUE OF $13-$14 MILLION, 4% FOR FUND MARKET VALUE OF $14-$15 MILLION, 5% FOR FUND MARKET VALUE OF OVER $15 MILLION. FOR 2022- THE FUND MARKET VALUE AT 12/31/22 WAS AROUND $21.8 MILLION SO 5% WAS THE DISBURSEMENT RATE. THE BOARD APPROVED $1,158,451 (5% OF THE THREE-YEAR AVERAGE YEAR END MARKET VALUE OF THE ENDOWMENT).
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIBE THE PROCESS USED BY THE ORGANIZATION TO REVIEW THIS FORM 990: THE AUDIT AND COMPLIANCE COMMITTEE REVIEWS AND APPROVES THE FORM 990. IT IS THEN PROVIDED TO THE FULL BOARD FOR FINAL REVIEW, AND THE AUDIT AND COMPLIANCE COMMITTEE CHAIR PRESENTS THE COMMITTEE'S APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DID THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITOR 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. THE PERSON WITH CONFLICT CONCERNS SHALL NOT PARTICIPATE IN DISCUSSION AND VOTE OF THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DID THE PROCESS TO DETERMINE COMPENSATION INCLUDE A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABLE DATA, AND COMTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION? 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIBE HOW THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC: THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MANHATTAN BEACH EDUCATION FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0953881166
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PUBLIC CHARITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0325 S PECK AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MANHATTAN BEACH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090266
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,649,646
Liabilities
$65,000
Net assets
$23,584,646
Revenue
$1,986,497
Expenses
$1,266,107
Net income
$720,390
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.6$0.07$26.5$3.20$1.28$1.92
2023Detailed filing. Detailed filing data is available for this year.$23.6$0.07$23.6$1.99$1.27$0.72
2023Summary only. Only limited summary data is available for this year.$23.6$0.07$23.6$1.99$1.27$0.72
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.8$0.07$21.7$1.90$1.25$0.65
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.5$0.07$24.4$1.76$1.07$0.69
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$0.12$19.1$1.38$1.06$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.6$0.07$19.5$1.59$0.97$0.63
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$0.07$18.5$1.81$0.84$0.97
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.0$0.07$17.0$2.18$0.59$1.60
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.4$0.07$14.3$1.84$0.38$1.46
2015Detailed filing. Detailed filing data is available for this year.$13.8$0.08$13.8$0.89$0.35$0.54
2014Detailed filing. Detailed filing data is available for this year.$13.3$0.02$13.3$12.0$0.26$11.7
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.09$0.13$0.04$0.09
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00