Civic Intelligence

Moraga Educational Foundation

990 • Fiscal year 2018 • EIN 94-2791659

Jul 01, 2017 to Jun 30, 2018 • Filed on May 01, 2019

PO Box 34Moraga, CA 94556

(925) 376-0934

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

45th percentile

$52,000

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

76th percentile

13%

Faster asset growth than 76% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

2.4%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$3,780,365

Up $441,243 (+13%) from 2017

Net Assets

Up

$3,765,411

Up $440,169 (+13%) from 2017

Liabilities

Up

$14,954

Up $1,074 (+7.7%) from 2017

Revenue

Up

$2,564,531

Up $59,067 (+2.4%) from 2017

Expenses

Up

$2,161,642

Up $61,863 (+2.9%) from 2017

Net Income

Down

$402,889

Down $2,796 (-0.7%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $2,073,605Liabilities 2012: $0Net Assets 2012: $2,073,6052012Assets 2013: $2,742,559Liabilities 2013: $232,995Net Assets 2013: $2,509,5642013Assets 2014: $2,711,295Liabilities 2014: $69,555Net Assets 2014: $2,641,7402014Assets 2015: $2,780,001Liabilities 2015: $47,510Net Assets 2015: $2,732,4912015Assets 2016: $2,897,976Liabilities 2016: $43,167Net Assets 2016: $2,854,8092016Assets 2017: $3,339,122Liabilities 2017: $13,880Net Assets 2017: $3,325,2422017Assets 2018: $3,780,365Liabilities 2018: $14,954Net Assets 2018: $3,765,4112018Assets 2019: $4,170,190Liabilities 2019: $91,150Net Assets 2019: $4,079,0402019Assets 2020: $4,048,981Liabilities 2020: $124,408Net Assets 2020: $3,924,5732020Assets 2021: $4,325,922Liabilities 2021: $37,054Net Assets 2021: $4,288,8682021Assets 2022: $4,260,947Liabilities 2022: $27,369Net Assets 2022: $4,233,5782022Assets 2023: $4,753,736Liabilities 2023: $39,280Net Assets 2023: $4,714,4562023Assets 2024: $5,394,235Liabilities 2024: $80,154Net Assets 2024: $5,314,0812024

Highlighted filing

2018

Assets$3,780,365
Liabilities$14,954
Net Assets$3,765,411

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $1,737,576Expenses 2012: $1,509,490Net Income 2012: $228,0862012Expenses 2013: $1,680,4832013Revenue 2014: $2,080,576Expenses 2014: $2,001,838Net Income 2014: $78,7382014Revenue 2015: $2,169,925Expenses 2015: $2,052,500Net Income 2015: $117,4252015Revenue 2016: $2,203,329Expenses 2016: $2,068,684Net Income 2016: $134,6452016Revenue 2017: $2,505,464Expenses 2017: $2,099,779Net Income 2017: $405,6852017Revenue 2018: $2,564,531Expenses 2018: $2,161,642Net Income 2018: $402,8892018Revenue 2019: $2,728,541Expenses 2019: $2,410,519Net Income 2019: $318,0222019Revenue 2020: $2,513,218Expenses 2020: $2,610,432Net Income 2020: -$97,2142020Revenue 2021: $2,476,420Expenses 2021: $2,582,200Net Income 2021: -$105,7802021Revenue 2022: $3,064,932Expenses 2022: $2,481,461Net Income 2022: $583,4712022Revenue 2023: $2,897,492Expenses 2023: $2,755,244Net Income 2023: $142,2482023Revenue 2024: $2,963,834Expenses 2024: $2,777,177Net Income 2024: $186,6572024

Highlighted filing

2018

Revenue$2,564,531
Expenses$2,161,642
Net Income$402,889
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 1, 2019
Return Version
2017v2.2
Gross Receipts
$2,606,939
Mission and Program Overview

Mission

MEF raises funds to preserve and enhance educational opportunities for all students attending Moraga public schools, through a broad-based community effort.

Moraga Education Foundation is a non- profit organization which collects financial resources from within the community to fund programs in Moraga schools. These programs benefit the students attending Camino Pablo, Donald Rheem and Los Perales Elementary Schools, and (continued)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,225,726$3,427,417▲ $201,691
Cash and Non-Interest-Bearing Accounts$73,159$306,935▲ $233,776
Savings and Temporary Cash Investments$26,613$25,912▼ $701
Other Notes and Loans Receivable, Net$8,856$15,384▲ $6,528
Prepaid Expenses and Deferred Charges$4,768$4,717▼ $51
Accounts Receivable-$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-
Total Assets$3,339,122$3,780,365▲ $441,243
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$13,880$14,954▲ $1,074
Total Liabilities$13,880$14,954▲ $1,074
Net Assets / Fund Balance
Unrestricted Net Assets$3,325,242$3,765,411▲ $440,169
Total Net Assets Fund Balance$3,325,242$3,765,411▲ $440,169
Total Liabilities and Net Assets / Fund Balance$3,339,122$3,780,365▲ $441,243
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kim MatrangaExec DirectorFT$52,000$52,000

Board Members and Trustees

NameTitle
Heather DavisPresident
Kitty StephensVice President
Nancy KendzierskiFin'l Secretary
Tricia HollowayFinanc'l Review
Ana MoonRec Secretary
Marc CarrascoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,265,145
Program Service Revenue
$0
Investment Income
$99,270
Other Revenue
$200,116
All Other Contributions
$2,265,145
Change in Net Assets
$402,889

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
Real Estate Other1$16,365Fair Market Value (FMV)
Securities Publicly Traded3$13,258Fair Market Value (FMV)
Other Non Cash Contri Table1$1,750Fair Market Value (FMV)
Other Non Cash Contri Table2$800Fair Market Value (FMV)
Total Noncash Contributions7$32,173-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,564,531
Revenue Not Reported on Form 990
$37,280
Total Revenue per Audited Statements
$2,601,811
Total Revenue per Form 990
$2,564,531
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,999,428
Other Expenses$90,973
Salaries, Compensation, and Employee Benefits$71,241
Total Fundraising Expense$40,581
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,999,428--$1,999,428
Current Officers, Directors, Trustees, and Key Employees-$39,000$13,000$52,000
Occupancy-$8,131$7,784$15,915
Other Salaries and Wages-$6,000$6,000$12,000
Fees for Services Other-$7,898$1,750$9,648
Payroll Taxes-$3,718$1,570$5,288
Advertising--$3,686$3,686
Insurance-$3,658-$3,658
Other Employee Benefits-$1,373$580$1,953
Other Expenses-$591$1,302$1,893
All Other Expenses-$350$307$657
Total Functional Expenses$1,999,428$121,633$40,581$2,161,642

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,161,642
Total Expenses per Audited Statements$2,161,642
Total Expenses per Form 990$2,161,642
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Moraga School DistrictMoraga, CA-Augment School Funding$1,500,000
Acalanes Union High School DiLafayette, CA-Augment School Funding$499,428
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$242,524
Fundraising Direct Expenses$42,408
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction-Spring Event$242,524$242,524$2,274$240,250
Total Events$242,524$242,524$42,408$200,116
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
Audit committee
Yes
Backup withholding compliance
Yes
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

A married couple served on the Board of Directors of the Moraga Education Foundation.

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

Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's treasurer and at least one member of the board of directors. This group of individuals then 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 management authorizes the return which is then e-filed with the department of the treasury.

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 atleast annually. All personnel and board members are required to disclose (inwriting) potential conflicts and any related party affiliations. Loans between theorganization and members of management and the board are strictly prohibited. Theorganization seeks full transparency on all relationships. Any potential conflicts (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

Members of the board of directors review the compensation of the executive director periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.

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

There are no other officers or key employees (as defined by the irs).

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

ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE THEY ARE AVAILABLE FOR VIEWING AS ELECTRONIC COPIES) AND ARE ALSO AVAILABLE FOR A PHYSICAL INSPECTION AT THE ORGANIZATION'S OFFICE IN MORAGA, CALIFORNIA. The audited financial statements are posted to the organization's website.

Filing and Contact Details

Filer

Filer Name
Moraga Education Foundation
EIN
94-2791659
Phone
9253760934
Address
PO BOX 34, Moraga, CA 94556

Signing Officer

Name
Marc Carrasco
Title
Treasurer
Signed
2019-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Matranga
Formed
1981
Legal Domicile
CA
Voting Board Members
17
Independent Board Members
16
Employees
2
Volunteers
50

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, MEF is required to report information regarding its exposure to various tax positions taken by MEF and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that MEF has adequately evaluated its current tax positions and has concluded that as of June 30, 2018, MEF does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.MEF has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. MEF may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, MEF would calculate and accrue the applicable taxes payable.

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IRS990/Desc0The Moraga Education Foundation raises funds to preserve and enhance educational opportunities for all Moraga public school students, through a broad-based community effort. We believe that together the entire community can build a better future for our children consistent with the educational goals of the Moraga School District and Campolindo High School.During the year ended June 30, 2018, Moraga Education Foundation raised over $2,265,000 in contributions from the community which included parents and business partners. This allowed MEF to expend $1,999,428 in direct monetary support for educational programs at the elementary, intermediate, and high schools in the Moraga area.
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IRS990/MissionDesc0Joaquin Moraga Intermediate in the Moraga School District and Campolindo High in the Acalanes Union High School District. MEF's goal is to support and enrich the educational experience of school children in kindergarten through twelfth grade.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, MEF is required to report information regarding its exposure to various tax positions taken by MEF and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that MEF has adequately evaluated its current tax positions and has concluded that as of June 30, 2018, MEF does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.MEF has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. MEF may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, MEF would calculate and accrue the applicable taxes payable.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Augment School Funding
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Augment School Funding
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Acalanes Union High School Di
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MORAGA SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientEIN0680260270
IRS990ScheduleI/RecipientTable/RecipientEIN1943084722
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01212 Pleasant Hill Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11540 SCHOOL STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Lafayette
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MORAGA
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Moraga Education Foundation maintains a list of programs covered by its grants to Moraga School District and Campolindo High School in its Board minutes. The Executive Director and the Board Treasurer also review invoices submitted for the grants from the schools.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
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IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV

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