Civic Intelligence

Manhattan Beach Education Foundation Endowment Fund

990 • Fiscal year 2020 • EIN 45-3552314

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 15, 2021

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

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

22nd percentile

0.09x

Higher debt load relative to revenue than 22% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

27th percentile

$112,538

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

20th percentile

-1.9%

Faster asset growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-13%

Faster revenue growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets12th percentile

Assets

Down

$19,188,638

Down $365,753 (-1.9%) from 2019

Net Assets

Down

$19,064,367

Down $421,824 (-2.2%) from 2019

Liabilities

Up

$124,271

Up $56,071 (+82%) from 2019

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin79th percentile

Revenue

Down

$1,379,947

Down $213,254 (-13%) from 2019

Expenses

Up

$1,058,631

Up $92,198 (+9.5%) from 2019

Net Income

Down

$321,316

Down $305,452 (-49%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth20th 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 2024: $26,612,248Liabilities 2024: $65,000Net Assets 2024: $26,547,2482024

Highlighted filing

2020

Assets$19,188,638
Liabilities$124,271
Net Assets$19,064,367
Open 2020 Filing

Operations Trend

Revenue Growth24th 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 2024: $3,202,329Expenses 2024: $1,278,236Net Income 2024: $1,924,0932024

Highlighted filing

2020

Revenue$1,379,947
Expenses$1,058,631
Net Income$321,316
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 15, 2021
Return Version
2019v5.2
Gross Receipts
$3,661,848
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$18,534,239$18,779,984▲ $245,745
Cash and Non-Interest-Bearing Accounts$104,438$229,504▲ $125,066
Pledges and Grants Receivable$86,088--
Savings and Temporary Cash Investments$4,051$15,673▲ $11,622
Prepaid Expenses and Deferred Charges$8,960$8,960→ $0
Land, Buildings, and Equipment, Net$220$17▼ $203
Total Assets$19,554,391$19,188,638▼ $365,753
Other Assets Total$816,395$154,500▼ $661,895
Liabilities
Other Liabilities$65,000$124,271▲ $59,271
Accounts Payable and Accrued Expenses$3,200--
Total Liabilities$68,200$124,271▲ $56,071
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,904,911$11,251,721▼ $653,190
Net Assets With Donor Restrictions$7,581,280$7,812,646▲ $231,366
Total Net Assets Fund Balance$19,486,191$19,064,367▼ $421,824
Total Liabilities and Net Assets / Fund Balance$19,554,391$19,188,638▼ $365,753

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$5,696$5,696
Other Land Buildings$17$1,401$1,418

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$19,329,812$151,084▲ $358,237-$18,915,301
2018$18,208,555$973,561▲ $971,696-$19,329,812
2017$16,630,063$1,130,312▲ $1,208,180-$18,208,555
2016$13,912,696$1,622,551▲ $1,594,816-$16,630,063
2015$13,462,111$766,040▼ $11,455-$13,912,696
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Hilary MahanExecutive DirectorPT$112,538$112,538

Board Members and Trustees

NameTitle
Mike DuckworthPresident
Geoff BremerDirector
Rich WeissCIO
Mary WilsonSecretary
Mitchell OzawaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$275,278
Program Service Revenue
$0
Investment Income
$1,104,669
Other Revenue
$0
All Other Contributions
$151,084
Change in Net Assets
$321,316

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 Traded2$28,328Fair Market Value (FMV)
Total Noncash Contributions2$28,328-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,379,947
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-743,140
Total Revenue per Audited Statements
$636,807
Total Revenue per Form 990
$1,379,947
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$983,103
Other Expenses$75,528
Total Fundraising Expense$46,686
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$983,103--$983,103
Fees for Services Management-$19,500$45,500$65,000
Insurance-$3,405-$3,405
Fees for Services Accounting-$3,200-$3,200
Office Expenses-$1,305$1,186$2,491
Other Expenses-$1,029-$1,029
Information Technology-$403-$403
Total Functional Expenses$983,103$28,842$46,686$1,058,631

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,058,631
Total Expenses per Audited Statements$1,058,631
Total Expenses per Form 990$1,058,631
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$983,103
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$124,271
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
No
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

“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

“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 15A

“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 compensation committee. Any proposed changes to current compensation are provided to the compensation committee and 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

“The organization makes governing documents, conflict of interest policy, and financial statements available upon request.”

Form 990, Part VI, Section C, Line 18

“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
Mike Duckworth
Title
President
Phone
3103033342
Signed
2021-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Duckworth
Formed
2011
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
10

Preparer

Firm
Windes Inc
Address
PO BOX 87, LONG BEACH, CA 90801-0087
Preparer
Donita M Joseph
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 2019-20 the fund market value at 12/31/19 was around $20.5 million so 5% was the disbursement rate. The board approved $923,832 (5% of the three-year average year end market value of the endowment).”

PART X, LINE 2:

“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 organizatoin 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 465 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.

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IRS990/PYRevenuesLessExpensesAmt0626768
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0966433
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01593201
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0321316
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0124194
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04051
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0275278
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0973561
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01130312
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01622551
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0969951
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04971653
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0430420
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0447982
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0391867
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0340817
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0296655
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01907741
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.71340
IRS990ScheduleA/PublicSupportPY170Pct00.74570
IRS990ScheduleA/PublicSupportTotal170Amt04907426
IRS990ScheduleA/SubstantialContributorsTotAmt064227
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0275278
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0973561
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01130312
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01622551
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0969951
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04971653
IRS990ScheduleA/TotalSupportAmt06879394
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/BoardDesignatedBalanceEOYPct00.58770
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt019329812
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0151084
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt018915301
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0923832
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0358237
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt018208555
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0973561
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt019329812
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0824000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0971696
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt016630063
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01130312
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt018208555
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0760000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01208180
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt013912696
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01622551
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt016630063
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0500000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01594816
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt013462111
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0766040
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt013912696
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0304000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-11455
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05696
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05696
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01058631
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-743140
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01401
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01418
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0124271
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO MANHATTAN BEACH EDUCATION FOUNDATION
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.33600
IRS990ScheduleD/RevenueNotReportedAmt0-743140
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01379947
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 2019-20 THE FUND MARKET VALUE AT 12/31/19 WAS AROUND $20.5 MILLION SO 5% WAS THE DISBURSEMENT RATE. THE BOARD APPROVED $923,832 (5% OF THE THREE-YEAR AVERAGE YEAR END MARKET VALUE OF THE ENDOWMENT).
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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 ORGANIZATOIN 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/TermEndowmentBalanceEOYPct00.07630
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017
IRS990ScheduleD/TotalExpensesPerForm990Amt01058631
IRS990ScheduleD/TotalLiabilityAmt0124271
IRS990ScheduleD/TotalRevenuePerForm990Amt01379947
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0636807
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01058631
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0983103
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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 2019-20 THE FUND MARKET VALUE AT 12/31/19 WAS AROUND $20.5 MILLION SO 5% WAS THE DISBURSEMENT RATE. THE BOARD APPROVED $923,832 (5% OF THE THREE-YEAR AVERAGE YEAR END MARKET VALUE OF THE ENDOWMENT)
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt028328
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0PART I, COLUMN (B) INDICATES THE NUMBER OF CONTRIBUTIONS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1EMPLOYEES, 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/ExplanationTxt2EMPLOYEES 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 COMPENSATION COMMITTEE. ANY PROPOSED CHANGES TO CURRENT COMPENSATION ARE PROVIDED TO THE COMPENSATION COMMITTEE AND 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/ExplanationTxt3THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt019554391
IRS990/TotalAssetsEOYAmt019188638
IRS990/TotalAssetsGrp/BOYAmt019554391
IRS990/TotalAssetsGrp/EOYAmt019188638
IRS990/TotalCompGreaterThan150KInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,188,638
Liabilities
$124,271
Net assets
$19,064,367
Revenue
$1,379,947
Expenses
$1,058,631
Net income
$321,316
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
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
2020Detailed filing. Detailed filing data is available for this year.$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