Civic Intelligence

The Education and Science Fund Inc

EIN 93-4930081 • 501(c)3 • Santa Monica, CA

Profile

The education and science fund was established for the purposes of supporting, benefiting, and furthering the purposes of the milken institute.

1250 Fourth StreetSanta Monica, CA 90401

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

5th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

6th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Up

$14,172,164

Up $14,172,164 from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$14,172,164

Up $14,172,164 from 2023

Revenue

Up

$14,172,164

Up $14,172,164 from 2023

Expenses

Flat

$0

Flat from 2023

Net Income

Up

$14,172,164

Up $14,172,164 from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $14,172,164Liabilities 2024: $0Net Assets 2024: $14,172,1642024

Highlighted filing

2024

Assets$14,172,164
Liabilities$0
Net Assets$14,172,164

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $14,172,164Expenses 2024: $0Net Income 2024: $14,172,1642024

Highlighted filing

2024

Revenue$14,172,164
Expenses$0
Net Income$14,172,164

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$14,172,164
Mission and Program Overview

Mission

The education and science fund was established for the purposes of supporting, benefiting, and furthering the purposes of the milken institute.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$0$14,172,164▲ $14,172,164
Investments in Publicly Traded Securities-$13,382,400-
Savings and Temporary Cash Investments-$789,764-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$14,172,164▲ $14,172,164
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$14,172,164▲ $14,172,164
Total Liabilities and Net Assets / Fund Balance$0$14,172,164▲ $14,172,164
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard SandlerPresident
Stanley MaronSecretary
John HunterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,172,164
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$14,172,164
Change in Net Assets
$14,172,164

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$14,172,164Fair Market Value (FMV)
Total Noncash Contributions1$14,172,164-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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 A, Line 4

The organization amended its certificate of incorporation following unanimous written consent of the board of directors. The amendment reorganized the corporation to be operated as a type i supporting organization under the federal tax code for the purpose of supporting, benefiting, or furthering the purposes of the milken institute, a 501c3 organization.

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the governing body.

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

The members of the board of directors review the return in detail and are provided the opportunity to ask questions of the preparers or make any modifications deemed necessary.

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

An annual disclosure questionnaire for identifying conflicts is circulated to all the board members to review, complete and sign. If a potential conflict of interest arises, all details regarding the potential conflict are disclosed to the board. The board, excluding any interested person, will review the conflict and make a decision on how best to proceed based on the best interest of the fund.

Form 990, Part VI, Section B, Line 15

Not applicable - no compensation is offered to the board or directors, and there are no top management.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and the financial statements are available to the public at the entity's place of business and upon request.

Filing and Contact Details

Filer

Filer Name
The Education and Science Fund Inc
EIN
93-4930081
Phone
3105704616
Address
1250 FOURTH STREET, SANTA MONICA, CA 90401

Signing Officer

Name
Richard Sandler
Title
President
Phone
3105704600
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Sandler
Formed
2023
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Green Hasson & Janks Llp
Address
700 S FLOWER STREET, LOS ANGELES, CA 90017
Preparer
Lizbeth G Nevarez
Phone
3108731600
Raw XML Appendix366 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/GoverningBodyVotingMembersCnt03
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IRS990/IndependentVotingMemberCnt03
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IRS990/NetAssetsOrFundBalancesBOYAmt00
IRS990/NetAssetsOrFundBalancesEOYAmt014172164
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt014172164
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
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IRS990/PoliticalCampaignActyInd00
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION PAID BY RELATED PARTY, MILKEN INSTITUTE TO JOHN HUNTER: THE CEO ANNUALLY PROVIDES THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS A DETAILED REPORT OF ALL COMPENSATION ADJUSTMENTS, INCLUDING ADJUSTMENTS FOR THE INSTITUTE'S OFFICERS AND SENIOR EMPLOYEES. DURING THEIR REVIEW, THE MEMBERS OF THE COMMITTEE INQUIRE ABOUT THE BASIS FOR ALL COMPENSATION DETERMINATIONS, INCLUDING INDIVIDUAL AND ENTERPRISE PERFORMANCE AND AVAILABLE COMPARABILITY DATA FOR SIMILARLY SITUATED NONPROFIT INSTITUTIONS. THE COMPENSATION COMMITTEE, EXCLUDING THE CEO, DISCUSSES AND APPROVES ANY ADJUSTMENTS TO THE OFFICERS' COMPENSATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION AMENDED ITS CERTIFICATE OF INCORPORATION FOLLOWING UNANIMOUS WRITTEN CONSENT OF THE BOARD OF DIRECTORS. THE AMENDMENT REORGANIZED THE CORPORATION TO BE OPERATED AS A TYPE I SUPPORTING ORGANIZATION UNDER THE FEDERAL TAX CODE FOR THE PURPOSE OF SUPPORTING, BENEFITING, OR FURTHERING THE PURPOSES OF THE MILKEN INSTITUTE, A 501C3 ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE BOARD OF DIRECTORS REVIEW THE RETURN IN DETAIL AND ARE PROVIDED THE OPPORTUNITY TO ASK QUESTIONS OF THE PREPARERS OR MAKE ANY MODIFICATIONS DEEMED NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN ANNUAL DISCLOSURE QUESTIONNAIRE FOR IDENTIFYING CONFLICTS IS CIRCULATED TO ALL THE BOARD MEMBERS TO REVIEW, COMPLETE AND SIGN. IF A POTENTIAL CONFLICT OF INTEREST ARISES, ALL DETAILS REGARDING THE POTENTIAL CONFLICT ARE DISCLOSED TO THE BOARD. THE BOARD, EXCLUDING ANY INTERESTED PERSON, WILL REVIEW THE CONFLICT AND MAKE A DECISION ON HOW BEST TO PROCEED BASED ON THE BEST INTEREST OF THE FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NOT APPLICABLE - NO COMPENSATION IS OFFERED TO THE BOARD OR DIRECTORS, AND THERE ARE NO TOP MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE ENTITY'S PLACE OF BUSINESS AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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ReasonableCauseExplanation/ExplanationTxt0WE RESPECTFULLY REQUEST ABATEMENT OF ANY LATE FILING PENALTIES OF THE FORM 990. THE FAILURE TO TIMELY FILE WAS DUE TO THE FACT THAT THE ENTITY WAS CREATED LATE IN THE 2023 TAX YEAR AND CONTROL WAS THEN WAS TRANSFERRED TO THE MILKEN INSTITUTE. THE MILKEN INSTITUE WAS UNAWARE OF THE UNFILED TAX RETURN FOR 2024. THE ORGANIZATION IS NOW SORTING THROUGH MISSED FILINGS AND CORRECTIVE ACTION WAS BEEN TAKEN. THE ORGANIZATION HAS ENGAGED AN ACCOUNTING FIRM TO TIMELY FILE ALL FUTURE RETURNS.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD SANDLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03105704600
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE EDUCATION AND SCIENCE FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0934930081
ReturnHeader/Filer/PhoneNum03105704616
ReturnHeader/Filer/USAddress/AddressLine1Txt01250 FOURTH STREET
ReturnHeader/Filer/USAddress/CityNm0SANTA MONICA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090401
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453269313
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREEN HASSON & JANKS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0700 S FLOWER STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090017
ReturnHeader/PreparerPersonGrp/PhoneNum03108731600
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LIZBETH G NEVAREZ
ReturnHeader/ReturnTs02025-11-14T10:04:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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