Civic Intelligence

Marymount Education Foundation

990 • Fiscal year 2023 • EIN 88-4077281

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 24, 2024

35 Peninsula CenterRolling Hills Estates, CA 90274

(310) 853-0762

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

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

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

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

Net Margin

94th percentile

66%

Higher net margin than 94% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$236,548

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 17.1% of source-year revenue.

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

Asset Growth

99th percentile

707%

Faster asset growth than 99% of similar nonprofits.

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

Revenue Growth

99th percentile

820%

Faster revenue growth than 99% of similar nonprofits.

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

Assets

Up

$1,034,256

Up $906,045 (+707%) from 2022

Net Assets

Up

$1,030,909

Up $914,037 (+782%) from 2022

Liabilities

Down

$3,347

Down $7,992 (-70%) from 2022

Revenue

Up

$1,380,644

Up $1,230,640 (+820%) from 2022

Expenses

Up

$466,607

Up $433,475 (+1308%) from 2022

Net Income

Up

$914,037

Up $797,165 (+682%) from 2022

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2022: $128,211Liabilities 2022: $11,339Net Assets 2022: $116,8722022Assets 2023: $1,034,256Liabilities 2023: $3,347Net Assets 2023: $1,030,9092023Assets 2024: $53,959,055Liabilities 2024: $4,777,598Net Assets 2024: $49,181,4572024

Highlighted filing

2023

Assets$1,034,256
Liabilities$3,347
Net Assets$1,030,909

Operations Trend

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

$60M$40M$20M$0Revenue 2022: $150,004Expenses 2022: $33,132Net Income 2022: $116,8722022Revenue 2023: $1,380,644Expenses 2023: $466,607Net Income 2023: $914,0372023Revenue 2024: $48,319,648Expenses 2024: $599,887Net Income 2024: $47,719,7612024

Highlighted filing

2023

Revenue$1,380,644
Expenses$466,607
Net Income$914,037
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 24, 2024
Return Version
2023v5.1
Gross Receipts
$1,380,644
Mission and Program Overview

Mission

Marymount education foundation funds educational grants, scholarships, and programs in order to provide opportunities for individuals who are beyond the compulsory school attendance age to acquire a higher level of knowledge, skills, and specialization in their chosen areas of interest within a formal school setting, including, but not limited to, universities and other degree granting institutions.

Marymount education foundation will fund educational grants, scholarships, and programs in order to provide opportunities for individuals who are beyond the compulsory school attendance age to acquire a higher level of knowledge, skills, and specialization in their chosen areas of interest within a formal school setting, including, but not limited to, universities and other degree granting institutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$994,560▲ $994,560
Prepaid Expenses and Deferred Charges$32,576$33,660▲ $1,084
Cash and Non-Interest-Bearing Accounts$95,635$6,036▼ $89,599
Total Assets$128,211$1,034,256▲ $906,045
Liabilities
Accounts Payable and Accrued Expenses$11,339$3,347▼ $7,992
Total Liabilities$11,339$3,347▼ $7,992
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$116,872$848,007▲ $731,135
Net Assets With Donor Restrictions$0$182,902▲ $182,902
Total Net Assets Fund Balance$116,872$1,030,909▲ $914,037
Total Liabilities and Net Assets / Fund Balance$128,211$1,034,256▲ $906,045
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robyn JonesExecutive DirectorFT$165,000$24,000$189,000

Board Members and Trustees

NameTitle
Rick EdlerChairman/president
Ariane SchauerVice President/secretary
Antoine-marie BaurierTrustee
Caroline SayersTrustee
Dave TomblinTrustee
Mark VillanoTrustee
Ryan AlcantaraTrustee
Sue SoldoffTrustee
Lynn MarshTrustee (until 09/2023)
Brian MarcotteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,380,510
Program Service Revenue
$0
Investment Income
$134
Other Revenue
$0
All Other Contributions
$1,380,510
Change in Net Assets
$914,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$201,918
Grants and Similar Amounts Paid$154,135
Other Expenses$110,554
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$94,500$94,500-$189,000
Grants to Domestic Orgs$111,017--$111,017
Fees for Services Accounting-$55,500-$55,500
Grants to Domestic Individuals$43,118--$43,118
Insurance-$36,559-$36,559
Payroll Taxes$6,459$6,459-$12,918
Fees for Services Legal-$10,552-$10,552
Information Technology$1,277$4,410-$5,687
Other Expenses$309$363-$363
Occupancy-$100-$100
Office Expenses-$77-$77
Fees for Services Other-$75-$75
Total Functional Expenses$257,204$209,403$0$466,607
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Usc Wrigley Marine Science CenterLos Angeles, CA-David Meid Visiting Mentor Program$111,017
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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

Governance Explanations

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

The audit committee reviews the form 990, then provides to the full board before it is filed.

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

All board of trustee members are required to sign a statement acknowledging they understand the conflict of interest policy and the board of trustee members are required to disclose any such conflicts.

Form 990, Part VI, Section B, Line 15A

The organization's board of trustees periodically reviews the executive director's compensation package in its determination of compensation. The board reviews data from other similar-sized private non-profit foundations as well as other data sources.

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. Requests will be reviewed and provided upon approval.

Filing and Contact Details

Filer

Filer Name
Marymount Education Foundation
EIN
88-4077281
Phone
3108530762
Address
35 PENINSULA CENTER, ROLLING HILLS ESTATES, CA 90274

Signing Officer

Name
Brian Marcotte
Title
Treasurer
Phone
3108530762
Signed
2024-09-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robyn Jones
Formed
2022
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
10

Preparer

Firm
Windes Inc
Address
2050 MAIN ST STE 1300, IRVINE, CA 92614
Preparer
Eleanor a Livingston CPA Mst
Phone
9498529433
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0150000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01530510
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0134
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0138
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01530510
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01380510
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0150000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01530510
IRS990ScheduleA/TotalSupportAmt01530648
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
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt043118
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt04
IRS990ScheduleI/RecipientTable/CashGrantAmt0111017
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DAVID MEID VISITING MENTOR PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0USC WRIGLEY MARINE SCIENCE CENTER
IRS990ScheduleI/RecipientTable/RecipientEIN0951642394
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03454 TROUSDALE PARKWAY CAS 200
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd090089
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0COMPLETE ACCOUNTING DETAILS AND COPIES OF ITEMIZED STUDENT ACCOUNT RECORDS PROVIDED BY THE UNIVERSITY ARE KEPT IN THE ORGANIZATION'S SHAREPOINT SITE, ACCESSIBLE TO ALL BOARD MEMBERS. AT THE BEGINNING OF EACH SEMESTER, AFTER THE ADD/DROP PERIOD, THE UNIVERSITY OFFICE OF STUDENT ACCOUNTS PROVIDES THE MEF EXECUTIVE DIRECTOR WITH ITEMIZED STUDENT ACCOUNT DETAILS FOR EACH SCHOLARSHIP RECIPIENT. SCHOLARSHIP FUNDS ARE DISTRIBUTED DIRECTLY TO THE UNIVERSITY OFFICE OF STUDENT ACCOUNTS TO BE POSTED TO THE STUDENTS' ACCOUNTS. SCHOLARSHIP FUNDS ARE NOT DISTRIBUTED DIRECTLY TO A STUDENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1165000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0211429
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt124000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt025119
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRIAN MARCOTTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ROBYN JONES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1189000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0236548
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AUDIT COMMITTEE REVIEWS THE FORM 990, THEN PROVIDES TO THE FULL BOARD BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD OF TRUSTEE MEMBERS ARE REQUIRED TO SIGN A STATEMENT ACKNOWLEDGING THEY UNDERSTAND THE CONFLICT OF INTEREST POLICY AND THE BOARD OF TRUSTEE MEMBERS ARE REQUIRED TO DISCLOSE ANY SUCH CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S BOARD OF TRUSTEES PERIODICALLY REVIEWS THE EXECUTIVE DIRECTOR'S COMPENSATION PACKAGE IN ITS DETERMINATION OF COMPENSATION. THE BOARD REVIEWS DATA FROM OTHER SIMILAR-SIZED PRIVATE NON-PROFIT FOUNDATIONS AS WELL AS OTHER DATA SOURCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIBE HOW THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. REQUESTS WILL BE REVIEWED AND PROVIDED UPON APPROVAL.
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MARYMOUNT CALIFORNIA UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0952113260
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COLLEGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 4809
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PALOS VERDES PENINSULA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090274
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0MARYMOUNT CALIFORNIA UNIVERSITY (MCU) DISSOLVED IN JANUARY 2024 AFTER TRANSFERRING ITS REMAINING ASSETS TO THE MARYMOUNT EDUCATION FOUNDATION (MEF). A MAJORITY OF MEF'S BOARD ALSO SIT ON THE BOARD FOR MCU.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R, PART II, RELATED TAX-EXEMPT ORGANIZATION:
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

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