Civic Intelligence

Martinez Education Foundation

990 • Fiscal year 2018 • EIN 68-0031693

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 06, 2019

PO Box 933Martinez, CA 94553

(925) 372-8782

Siviq Scores

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

Liabilities / Assets

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

52nd percentile

0.04x

Higher debt load relative to revenue than 52% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

86th percentile

33%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

52nd percentile

2.3%

Faster asset growth than 52% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

33rd percentile

-3.7%

Faster revenue growth than 33% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$958,745

Up $21,469 (+2.3%) from 2017

Net Assets

Up

$950,075

Up $21,469 (+2.3%) from 2017

Liabilities

Flat

$8,670

Flat from 2017

Revenue

Down

$228,904

Down $8,891 (-3.7%) from 2017

Expenses

Down

$153,801

Down $2,528 (-1.6%) from 2017

Net Income

Down

$75,103

Down $6,363 (-7.8%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $481,295Liabilities 2011: $141,1022011Assets 2012: $473,486Liabilities 2012: $30,4352012Assets 2013: $520,735Liabilities 2013: $30,232Net Assets 2013: $490,5032013Assets 2014: $717,727Liabilities 2014: $5,400Net Assets 2014: $712,3272014Assets 2015: $789,811Liabilities 2015: $14,370Net Assets 2015: $775,4412015Assets 2016: $801,565Liabilities 2016: $8,670Net Assets 2016: $792,8952016Assets 2017: $937,276Liabilities 2017: $8,670Net Assets 2017: $928,6062017Assets 2018: $958,745Liabilities 2018: $8,670Net Assets 2018: $950,0752018Assets 2019: $1,109,611Liabilities 2019: $5,946Net Assets 2019: $1,103,6652019Assets 2020: $1,180,383Liabilities 2020: $1,884Net Assets 2020: $1,178,4992020Assets 2021: $1,255,123Liabilities 2021: $7,500Net Assets 2021: $1,247,6232021Assets 2022: $1,176,889Liabilities 2022: $11,975Net Assets 2022: $1,164,9142022Assets 2023: $1,308,912Liabilities 2023: $0Net Assets 2023: $1,308,9122023Assets 2024: $1,589,865Liabilities 2024: $0Net Assets 2024: $1,589,8652024

Highlighted filing

2018

Assets$958,745
Liabilities$8,670
Net Assets$950,075

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $165,441Expenses 2011: $129,664Net Income 2011: $35,7772011Revenue 2012: $87,928Expenses 2012: $1,279Net Income 2012: $86,6492012Revenue 2013: $158,521Expenses 2013: $111,069Net Income 2013: $47,4522013Revenue 2014: $223,257Expenses 2014: $109,151Net Income 2014: $114,1062014Revenue 2015: $213,264Expenses 2015: $128,545Net Income 2015: $84,7192015Revenue 2016: $147,871Expenses 2016: $168,330Net Income 2016: -$20,4592016Revenue 2017: $237,795Expenses 2017: $156,329Net Income 2017: $81,4662017Revenue 2018: $228,904Expenses 2018: $153,801Net Income 2018: $75,1032018Revenue 2019: $155,620Expenses 2019: $148,340Net Income 2019: $7,2802019Revenue 2020: $111,281Expenses 2020: $202,543Net Income 2020: -$91,2622020Revenue 2021: $118,840Expenses 2021: $162,703Net Income 2021: -$43,8632021Revenue 2022: $252,332Expenses 2022: $142,110Net Income 2022: $110,2222022Revenue 2023: $175,790Expenses 2023: $141,320Net Income 2023: $34,4702023Revenue 2024: $446,412Expenses 2024: $259,236Net Income 2024: $187,1762024

Highlighted filing

2018

Revenue$228,904
Expenses$153,801
Net Income$75,103
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 6, 2019
Return Version
2018v3.1
Gross Receipts
$228,904
Mission and Program Overview

Mission

MEF is a separate and independent entity from the Martinez Unified School District. All funds raised by MEF are distributed or invested in the Legacy Fund account at MEFs sole discretion by a majority vote of the MEF Board of Directors.

Martinez Education Foundation (MEF) is a community-based partnership of energetic volunteers committed to providing resources to enhance educational opportunities for our children. MEF believes education is both an investment and a priority for the Martinez community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$633,367$708,912▲ $75,545
Cash and Non-Interest-Bearing Accounts$147,613$148,464▲ $851
Savings and Temporary Cash Investments$156,296$101,369▼ $54,927
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 Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$937,276$958,745▲ $21,469
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$8,670$8,670→ $0
Total Liabilities$8,670$8,670→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$771,998$793,467▲ $21,469
Temporarily Rstr Net Assets$156,608$156,608→ $0
Total Net Assets Fund Balance$928,606$950,075▲ $21,469
Total Liabilities and Net Assets / Fund Balance$937,276$958,745▲ $21,469
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rochelle BadgleyPresident
Cheryl VereschaginVice President
Carol SullivanDirector
Dylan RadkeDirector
Jack FunkDirector
Jennifer ClausonDirector
John DoddDirector
Larry LippowDirector
Martha MorinDirector
Mike BeckDirector
Shannon WurthDirector
Bobbi HorackSecretary
Diane BeckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$184,821
Program Service Revenue
$21,093
Investment Income
$22,990
Other Revenue
$0
All Other Contributions
$184,821
Change in Net Assets
$75,103
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$141,335
Other Expenses$12,466
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$141,335--$141,335
Fees for Services Accounting-$1,143-$1,143
Fees for Services Other-$888-$888
Office Expenses-$170-$170
Other Expenses$156$786-$156
All Other Expenses-$70-$70
Total Functional Expenses$150,229$3,572$0$153,801
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Martinez Unified School DistMartinez, CASchoolGeneral Support$141,335
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Treasurer Diane Beck and Director Mike Beck are wife and husband.

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

Form 990 is prepared by an outside tax professional. The form is then reviewed by the Organization's Board of Directors. A member of the Board discusses the contents of the return with the outside tax professional. After a full review, the final version of the tax return is provided to all members of the Organization's voting body. A representative of the Board authorizes the final Form 990 which is then e-filed with the Internal Revenue Service.

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

Members of the Board of Directors review all potential conflicts of interest at least annually. All personnel and board members are required to disclose potential conflicts and any related party affiliations. Loans from the Organization to members of management and the Board are strictly prohibited. The Organization seeks full transparency on all related party transactions. Any potential conflicts of interest (in fact or appearance) are discussed openly and resolved in accordance with the Organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Martinez Education Foundation does not have any employees. The Foundation survives from the efforts of its all-volunteer Board of Directors.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Martinez Education Foundation does not have any employees. The Foundation survives from the efforts of its all-volunteer Board of Directors.

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

All of the organization's governing documents, financial statements and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to www.guidestar.org (where they are available for viewing as a electronic copues) and are also available for a physical inspection at the Organization's office in Martinez, California.

Filing and Contact Details

Filer

Filer Name
Martinez Education Foundation
EIN
68-0031693
Phone
9253728782
Address
PO Box 933, Martinez, CA 94553

Signing Officer

Name
Diane Beck
Title
Treasurer
Phone
9253728782
Signed
2019-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rochelle Badgley
Formed
1983
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
11
Employees
0
Volunteers
70

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
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IRS990/MissionDesc0MEF is a separate and independent entity from the Martinez Unified School District. All funds raised by MEF are distributed or invested in the Legacy Fund account at MEFs sole discretion by a majority vote of the MEF Board of Directors.
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IRS990/OtherExpensesGrp/Desc0Bank Fees
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1469
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IRS990/OtherExpensesGrp/ProgramServicesAmt07767
IRS990/OtherExpensesGrp/ProgramServicesAmt1971
IRS990/OtherExpensesGrp/ProgramServicesAmt2156
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IRS990/OtherExpensesGrp/TotalAmt11440
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IRS990/OtherExpensesGrp/TotalAmt3156
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IRS990/PayrollTaxesGrp/TotalAmt00
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IRS990/PrincipalOfficerNm0Rochelle Badgley
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt021093
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010683
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0369290
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IRS990ScheduleA/PublicSupportPY170Pct00.46200
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0619230
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IRS990ScheduleI/RecipientTable/CashGrantAmt0141335
IRS990ScheduleI/RecipientTable/IRCSectionDesc0School
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Martinez Unified School Dist
IRS990ScheduleI/RecipientTable/RecipientEIN0680342004
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0921 Susana Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Martinez
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd094553
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Treasurer Diane Beck and Director Mike Beck are wife and husband.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is prepared by an outside tax professional. The form is then reviewed by the Organization's Board of Directors. A member of the Board discusses the contents of the return with the outside tax professional. After a full review, the final version of the tax return is provided to all members of the Organization's voting body. A representative of the Board authorizes the final Form 990 which is then e-filed with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members of the Board of Directors review all potential conflicts of interest at least annually. All personnel and board members are required to disclose potential conflicts and any related party affiliations. Loans from the Organization to members of management and the Board are strictly prohibited. The Organization seeks full transparency on all related party transactions. Any potential conflicts of interest (in fact or appearance) are discussed openly and resolved in accordance with the Organization's policies and procedures.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Martinez Education Foundation does not have any employees. The Foundation survives from the efforts of its all-volunteer Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Martinez Education Foundation does not have any employees. The Foundation survives from the efforts of its all-volunteer Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All of the organization's governing documents, financial statements and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to www.guidestar.org (where they are available for viewing as a electronic copues) and are also available for a physical inspection at the Organization's office in Martinez, California.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.59$0.00$1.59$0.45$0.26$0.19
2023Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$0.18$0.14$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.01$1.16$0.25$0.14$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.26$0.01$1.25$0.12$0.16$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.11$0.20$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.01$1.10$0.16$0.15$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.95$0.23$0.15$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.94$0.01$0.93$0.24$0.16$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.80$0.01$0.79$0.15$0.17$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.79$0.01$0.78$0.21$0.13$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.01$0.71$0.22$0.11$0.11
2013Summary only. Only limited summary data is available for this year.$0.52$0.03$0.49$0.16$0.11$0.05
2012Summary only. Only limited summary data is available for this year.$0.47$0.03$0.09$0.00$0.09
2011Summary only. Only limited summary data is available for this year.$0.48$0.14$0.17$0.13$0.04