Civic Intelligence

Cabrillo Education Foundation

990 • Fiscal year 2017 • EIN 94-2976402

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 09, 2018

PO Box 354Half Moon Bay, CA 94019

(650) 286-7811

Siviq Scores

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

Liabilities / Assets

45th percentile

0.07x

Higher debt load relative to assets than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

84th percentile

0.83x

Higher debt load relative to revenue than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

6th percentile

-47%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

65th percentile

$91,915

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 36.8% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

51st percentile

3.5%

Faster asset growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

17th percentile

-14%

Faster revenue growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,196,478

Up $109,269 (+3.5%) from 2016

Net Assets

Up

$2,988,444

Up $86,041 (+3.0%) from 2016

Liabilities

Up

$208,034

Up $23,228 (+13%) from 2016

Revenue

Down

$249,601

Down $39,543 (-14%) from 2016

Expenses

Down

$367,798

Down $39,670 (-9.7%) from 2016

Net Income

Up

-$118,197

Up $127 (+0.1%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,267,697Liabilities 2011: $170Net Assets 2011: $2,267,5272011Assets 2012: $2,596,873Liabilities 2012: $1,304Net Assets 2012: $2,595,5692012Assets 2013: $3,142,651Liabilities 2013: $250,000Net Assets 2013: $2,892,6512013Assets 2014: $3,171,061Liabilities 2014: $172,476Net Assets 2014: $2,998,5852014Assets 2015: $3,103,144Liabilities 2015: $180,139Net Assets 2015: $2,923,0052015Assets 2016: $3,087,209Liabilities 2016: $184,806Net Assets 2016: $2,902,4032016Assets 2017: $3,196,478Liabilities 2017: $208,034Net Assets 2017: $2,988,4442017Assets 2018: $2,835,970Liabilities 2018: $226,035Net Assets 2018: $2,609,9352018Assets 2019: $2,996,516Liabilities 2019: $152,397Net Assets 2019: $2,844,1192019Assets 2020: $3,286,706Liabilities 2020: $235,527Net Assets 2020: $3,051,1792020Assets 2021: $3,701,488Liabilities 2021: $193,264Net Assets 2021: $3,508,2242021Assets 2022: $2,922,310Liabilities 2022: $185,418Net Assets 2022: $2,736,8922022Assets 2023: $3,348,534Liabilities 2023: $16,534Net Assets 2023: $3,332,0002023Assets 2024: $3,514,633Liabilities 2024: $9,435Net Assets 2024: $3,505,1982024

Highlighted filing

2017

Assets$3,196,478
Liabilities$208,034
Net Assets$2,988,444

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $867,351Expenses 2011: $111,852Net Income 2011: $755,4992011Revenue 2012: $306,221Expenses 2012: $158,054Net Income 2012: $148,1672012Revenue 2013: $354,447Expenses 2013: $339,881Net Income 2013: $14,5662013Revenue 2014: $440,951Expenses 2014: $256,256Net Income 2014: $184,6952014Revenue 2015: $335,559Expenses 2015: $313,139Net Income 2015: $22,4202015Revenue 2016: $289,144Expenses 2016: $407,468Net Income 2016: -$118,3242016Revenue 2017: $249,601Expenses 2017: $367,798Net Income 2017: -$118,1972017Revenue 2018: $226,339Expenses 2018: $318,998Net Income 2018: -$92,6592018Revenue 2019: $374,214Expenses 2019: $390,204Net Income 2019: -$15,9902019Revenue 2020: $264,573Expenses 2020: $458,703Net Income 2020: -$194,1302020Revenue 2021: $426,915Expenses 2021: $378,437Net Income 2021: $48,4782021Revenue 2022: $277,376Expenses 2022: $405,178Net Income 2022: -$127,8022022Revenue 2023: $342,656Expenses 2023: $417,534Net Income 2023: -$74,8782023Revenue 2024: $313,951Expenses 2024: $395,947Net Income 2024: -$81,9962024

Highlighted filing

2017

Revenue$249,601
Expenses$367,798
Net Income-$118,197
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 9, 2018
Return Version
2017v2.3
Gross Receipts
$250,169
Mission and Program Overview

Mission

Mission: we champion success for coastside public school students. Cef serves as a student success innovation fund to launch new, creative and powerful initiatives to improve students' education. Its endowment provides the sustainability until these initiatives are woven into the fabric of our community. Cef is an advocate for and funds high leverage programs that have well defined outcomes and can make "big impacts" for student success. In collaboration with coastside school districts, cef identifies clear goals, strategies, and resources required for each initiative to achieve results. There are several major themes for cef basic grant making at this time: - literacy (k-3) - college and career readiness (avid 6th - 12th grades, computer science and science) - critical thinking skills (innovation grants) grants in these areas fund and promote teacher professional development and informational libraries that increase our students' reading proficiency by the end of third grade. Cef has

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,942,275$3,097,448▲ $155,173
Cash and Non-Interest-Bearing Accounts$141,705$89,798▼ $51,907
Total Assets$3,087,209$3,196,478▲ $109,269
Other Assets Total$3,229$9,232▲ $6,003
Liabilities
Other Liabilities$184,656$195,909▲ $11,253
Accounts Payable and Accrued Expenses$150$12,125▲ $11,975
Total Liabilities$184,806$208,034▲ $23,228
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,806,796$2,794,287▼ $12,509
Unrestricted Net Assets$95,607$194,157▲ $98,550
Total Net Assets Fund Balance$2,902,403$2,988,444▲ $86,041
Total Liabilities and Net Assets / Fund Balance$3,087,209$3,196,478▲ $109,269

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$2,750,334$87,713▲ $305,173$57,410$2,891,137
2016$2,739,769$139,492▲ $182,293$99,255$2,750,334
2015$2,874,878$203,663▼ $51,999$94,771$2,739,769
2014$2,782,083$339,867▲ $9,184$94,199$2,874,878
2013$2,485,003$271,591▲ $365,370$58,693$2,782,083
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Keith CernakExecutive DiFT$91,915$91,915

Board Members and Trustees

NameTitle
Corrine BucherPresident
Leila LurieCo-secretary
Jackson RobertsonSecretary
Kevin AndersenTreasurer
Deborah HedgerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$136,892
Program Service Revenue
$0
Investment Income
$104,350
Other Revenue
$8,359
All Other Contributions
$136,892
Change in Net Assets
$-118,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$187,861
Salaries, Compensation, and Employee Benefits$120,862
Other Expenses$59,075
Total Fundraising Expense$25,872
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$187,861--$187,861
Current Officers, Directors, Trustees, and Key Employees$68,936$4,596$18,383$91,915
Other Employee Benefits$14,973$999$3,993$19,965
Payroll Taxes$5,490$366$1,464$7,320
Occupancy-$6,125-$6,125
Advertising$3,732$1,072-$4,804
All Other Expenses$32$4,527$8$4,567
Insurance-$1,695-$1,695
Other Salaries and Wages$1,247$83$332$1,662
Fees for Services Accounting-$1,414-$1,414
Other Expenses$12,000$1,200$1,692$1,200
Office Expenses-$578-$578
Total Functional Expenses$319,271$22,655$25,872$367,798
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cabrillo Unified School DistrictHalf Moon Bay, CAGovReading Proficiency$172,018
Cabrillo Unified School DistrictHalf Moon Bay, CAGovBig Lift Reading$15,843
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,927
Fundraising Direct Expenses$568
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
Cusd Awards to Be Paid Out$186,483
Accrued Pto$8,803
Credit Cards$623
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 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

The board has a written policy for document retention and destruction.

Form 990, Page 6, Part VI, Line 11B

The treasurer and executive director review the draft form 990 in detail. Once they approve the draft, a draft 990 is provided to all board members for review.

Form 990, Page 6, Part VI, Line 12C

Directors are monitored annually for conflict of interest.

Form 990, Page 6, Part VI, Line 15A

The human resource committee meets at least annually and conducts a performance and compensation review of the executive director.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Form 990, Part VII

Executive director is a non-voting member of the executive board.

Filing and Contact Details

Filer

Filer Name
Cabrillo Education Foundation
EIN
94-2976402
Phone
6502867811
Address
PO BOX 354, HALF MOON BAY, CA 94019

Signing Officer

Name
Deborah Hedger
Title
Vice President
Signed
2018-10-09

Organization Details

Principal Officer
Deborah Hedger
Formed
1985
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
16

Preparer

Firm
Coastside Tax Consultants
Address
225 CABRILLO HWY S STE 105D, HALF MOON BAY, CA 94019-7205
Preparer
Cindy Chong
Phone
6507135089
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Mission: we champion success for coastside public school students. Cef serves as a student success innovation fund to launch new, creative and powerful initiatives to improve students' education. Its endowment provides the sustainability until these initiatives are woven into the fabric of our community. Cef is an advocate for and funds high leverage programs that have well defined outcomes and can make "big impacts" for student success. In collaboration with coastside school districts, cef identifies clear goals, strategies, and resources required for each initiative to achieve results. There are several major themes for cef basic grant making at this time: - literacy (k-3) - college and career readiness (avid 6th - 12th grades, computer science and science) - critical thinking skills (innovation grants) grants in these areas fund and promote teacher professional development and informational libraries that increase our students' reading proficiency by the end of third grade. Cef has also been able to expand the outcome based college and career readiness program (avid) from 6th through 12th grade. Cef leverages the power of its annual endowment distribution to add new programs such as its innovation grants to both cusd faculty and students. These grants seek to identify and support teacher and student innovations that can be gamechangers and potentially taken to scale.

Form 990, Page 2, Part III, Line 4A

To learn to read proficiently by the end of third grade so that they can then read to learn. More than 2 million in early learning/literacy funds have been brought into our community due to cef advocacy.

Form 990, Page 2, Part III, Line 4B

Professional development for our teachers through columbia university's teacher's college reading and writing program. - cef has been building upon its investment in early reading development through providing "targeted" reading materials across the k-5 grade level range as part of the classrooms' libraries. Approximately 95% of students (1500) in the school district increased at least one reading level in the past year and 3723 books were distributed. (b) avid/ science - in 2017, cef continued funding the nationally recognized avid program for 6th and 12th grade students to develop the organizational skills to be college and career ready. - approximately 2000 students benefited from faculty-directed professional development and collaboration to assist secondary science teachers in becoming models and experts in next generation science standards. - cef partnered with the school district to continue its third year in designing and funding computer science programs for elementary through high school to introduce computer science concepts and fundamentals.

Form 990, Page 2, Part III, Line 4C

Scholarships to low income students. This coastside futures pre-k through college initiative is a collective impact effort, a collaboration that allows expertise and funds to be leveraged to have the greatest impact on our coastside students' success. National, regional and local recognition: in 2017 cef became a national model presented to the national school foundation association in chicago. It also received the 2017 hmb chamber of commerce education award with formal award recognition from: u.s. Congress, the california state senate, california state legislature, san mateo board of supervisors and the city of half moon bay.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The cabrillo education foundation endowment fund is designed to provide a long term, stable source of unrestricted income to the schools within the cabrillo unified school district. Every donation is a lasting gift that will benefit our students and community for generations. For 2017, there was 186,484 accrued cusd grants that were not expensed by 12/31/17. This ongoing disparity extends from the fact that the organization uses the accrual method of accounting and the school year ends in 6/30 rather than 12/31.

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IRS990/ActivityOrMissionDesc0MISSION: WE CHAMPION SUCCESS FOR COASTSIDE PUBLIC SCHOOL STUDENTS. CEF SERVES AS A STUDENT SUCCESS INNOVATION FUND TO LAUNCH NEW, CREATIVE AND POWERFUL INITIATIVES TO IMPROVE STUDENTS' EDUCATION. ITS ENDOWMENT PROVIDES THE SUSTAINABILITY UNTIL THESE INITIATIVES ARE WOVEN INTO THE FABRIC OF OUR COMMUNITY. CEF IS AN ADVOCATE FOR AND FUNDS HIGH LEVERAGE PROGRAMS THAT HAVE WELL DEFINED OUTCOMES AND CAN MAKE "BIG IMPACTS" FOR STUDENT SUCCESS. IN COLLABORATION WITH COASTSIDE SCHOOL DISTRICTS, CEF IDENTIFIES CLEAR GOALS, STRATEGIES, AND RESOURCES REQUIRED FOR EACH INITIATIVE TO ACHIEVE RESULTS. THERE ARE SEVERAL MAJOR THEMES FOR CEF BASIC GRANT MAKING AT THIS TIME: - LITERACY (K-3) - COLLEGE AND CAREER READINESS (AVID 6TH - 12TH GRADES, COMPUTER SCIENCE AND SCIENCE) - CRITICAL THINKING SKILLS (INNOVATION GRANTS) GRANTS IN THESE AREAS FUND AND PROMOTE TEACHER PROFESSIONAL DEVELOPMENT AND INFORMATIONAL LIBRARIES THAT INCREASE OUR STUDENTS' READING PROFICIENCY BY THE END OF THIRD GRADE. CEF HAS
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IRS990/MissionDesc0MISSION: WE CHAMPION SUCCESS FOR COASTSIDE PUBLIC SCHOOL STUDENTS. CEF SERVES AS A STUDENT SUCCESS INNOVATION FUND TO LAUNCH NEW, CREATIVE AND POWERFUL INITIATIVES TO IMPROVE STUDENTS' EDUCATION. ITS ENDOWMENT PROVIDES THE SUSTAINABILITY UNTIL THESE INITIATIVES ARE WOVEN INTO THE FABRIC OF OUR COMMUNITY. CEF IS AN ADVOCATE FOR AND FUNDS HIGH LEVERAGE PROGRAMS THAT HAVE WELL DEFINED OUTCOMES AND CAN MAKE "BIG IMPACTS" FOR STUDENT SUCCESS. IN COLLABORATION WITH COASTSIDE SCHOOL DISTRICTS, CEF IDENTIFIES CLEAR GOALS, STRATEGIES, AND RESOURCES REQUIRED FOR EACH INITIATIVE TO ACHIEVE RESULTS. THERE ARE SEVERAL MAJOR THEMES FOR CEF BASIC GRANT MAKING AT THIS TIME: - LITERACY (K-3) - COLLEGE AND CAREER READINESS (AVID 6TH - 12TH GRADES, COMPUTER SCIENCE AND SCIENCE) - CRITICAL THINKING SKILLS (INNOVATION GRANTS) GRANTS IN THESE AREAS FUND AND PROMOTE TEACHER PROFESSIONAL DEVELOPMENT AND INFORMATIONAL LIBRARIES THAT INCREASE OUR STUDENTS' READING PROFICIENCY BY THE END OF THIRD GRADE. CEF HAS
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IRS990/ProgSrvcAccomActy2Grp/Desc02ND ACCOMPLISHMENT - COLLEGE/CAREER READINESS PROGRAMS (A) READING PROFICIENCY/EARLY LITERACY - BY THE END OF THE 2017 SCHOOL YEAR THERE WAS AN INCREASE OF READING PROFICIENCY FOR 3RD GRADERS I.E. 48% TO 53%. THIS WAS ACHIEVED BY CEF: - BUILDING UPON PRE-K LITERACY EFFORTS SO THAT 80% OF OUR STUDENTS WILL BE READING PROFICIENTLY BY THE END OF THIRD GRADE. - PROGRAMS INCLUDE THE READER'S WORKSHOP THAT PROVIDES HIGH QUALITY PROFESSIONAL DEVELOPMENT FOR OUR TEACHERS THROUGH COLUMBIA UNIVERSITY'S TEACHER'S COLLEGE READING AND WRITING PROGRAM. - CEF HAS BEEN BUILDING UPON ITS INVESTMENT IN EARLY READING DEVELOPMENT THROUGH PROVIDING "TARGETED" READING MATERIALS ACROSS THE K-5 GRADE LEVEL RANGE AS PART OF THE CLASSROOMS' LIBRARIES. APPROXIMATELY 95% OF STUDENTS (1500) IN THE SCHOOL DISTRICT INCREASED AT LEAST ONE READING LEVEL IN THE PAST YEAR AND 3723 BOOKS WERE DISTRIBUTED. (B) AVID/ SCIENCE - IN 2017, CEF CONTINUED FUNDING THE NATIONALLY RECOGNIZED AVID PROGRAM FOR 6TH AND 12TH GRADE STUDENTS TO DEVELOP THE ORGANIZATIONAL SKILLS TO BE COLLEGE AND CAREER READY. - APPROXIMATELY 2000 STUDENTS BENEFITED FROM FACULTY-DIRECTED PROFESSIONAL DEVELOPMENT AND COLLABORATION TO ASSIST SECONDARY SCIENCE TEACHERS IN BECOMING MODELS AND EXPERTS IN NEXT GENERATION SCIENCE STANDARDS. - CEF PARTNERED WITH THE SCHOOL DISTRICT TO CONTINUE ITS THIRD YEAR IN DESIGNING AND FUNDING COMPUTER SCIENCE PROGRAMS FOR ELEMENTARY THROUGH HIGH SCHOOL TO INTRODUCE COMPUTER SCIENCE CONCEPTS AND FUNDAMENTALS.
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IRS990/ProgSrvcAccomActy3Grp/Desc03RD ACCOMPLISHMENT - COASTSIDE FUTURES IN 2017, CEF IN COLLABORATION WITH THE CABRILLO UNIFIED SCHOOL DISTRICT AND THE LA HONDA PESCADERO UNIFIED SCHOOL DISTRICT, CONTINUED ITS COASTSIDE FUTURES EFFORT. THIS COASTSIDE FUTURES INITIATIVE NOW BEING TAKEN TO SCALE PROVIDES CRITICAL SUPPORTS TO STUDENTS ALONG THE PATHWAY FROM PRE K-COLLEGE TO INSURE COLLEGE & CAREER READINESS AND COMPLETION. CEF HAS SEED FUNDED THIS MULTIMILLION DOLLAR PRE-K THROUGH COLLEGE INITIATIVE WITH ITS ADVOCACY AND CASH MATCH FOR THE BIG LIFT EARLY LEARNING GRANT, K-3 LITERACY PROGRAMS, THE EXPANSION OF THE AVID COLLEGE READINESS PROGRAM FROM 6TH-12TH GRADES AND NOW COLLEGE SCHOLARSHIPS. IN 2017 CEF DISTRIBUTED 35 COLLEGE SCHOLARSHIPS TO LOW INCOME STUDENTS. THIS COASTSIDE FUTURES PRE-K THROUGH COLLEGE INITIATIVE IS A COLLECTIVE IMPACT EFFORT, A COLLABORATION THAT ALLOWS EXPERTISE AND FUNDS TO BE LEVERAGED TO HAVE THE GREATEST IMPACT ON OUR COASTSIDE STUDENTS' SUCCESS. NATIONAL, REGIONAL AND LOCAL RECOGNITION: IN 2017 CEF BECAME A NATIONAL MODEL PRESENTED TO THE NATIONAL SCHOOL FOUNDATION ASSOCIATION IN CHICAGO. IT ALSO RECEIVED THE 2017 HMB CHAMBER OF COMMERCE EDUCATION AWARD WITH FORMAL AWARD RECOGNITION FROM: U.S. CONGRESS, THE CALIFORNIA STATE SENATE, CALIFORNIA STATE LEGISLATURE, SAN MATEO BOARD OF SUPERVISORS AND THE CITY OF HALF MOON BAY.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING EVENTS 62,881
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CABRILLO EDUCATION FOUNDATION ENDOWMENT FUND IS DESIGNED TO PROVIDE A LONG TERM, STABLE SOURCE OF UNRESTRICTED INCOME TO THE SCHOOLS WITHIN THE CABRILLO UNIFIED SCHOOL DISTRICT. EVERY DONATION IS A LASTING GIFT THAT WILL BENEFIT OUR STUDENTS AND COMMUNITY FOR GENERATIONS. FOR 2017, THERE WAS 186,484 ACCRUED CUSD GRANTS THAT WERE NOT EXPENSED BY 12/31/17. THIS ONGOING DISPARITY EXTENDS FROM THE FACT THAT THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING AND THE SCHOOL YEAR ENDS IN 6/30 RATHER THAN 12/31.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0READING PROFICIENCY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1BIG LIFT READING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CABRILLO UNIFIED SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CABRILLO UNIFIED SCHOOL DISTRICT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISSION: WE CHAMPION SUCCESS FOR COASTSIDE PUBLIC SCHOOL STUDENTS. CEF SERVES AS A STUDENT SUCCESS INNOVATION FUND TO LAUNCH NEW, CREATIVE AND POWERFUL INITIATIVES TO IMPROVE STUDENTS' EDUCATION. ITS ENDOWMENT PROVIDES THE SUSTAINABILITY UNTIL THESE INITIATIVES ARE WOVEN INTO THE FABRIC OF OUR COMMUNITY. CEF IS AN ADVOCATE FOR AND FUNDS HIGH LEVERAGE PROGRAMS THAT HAVE WELL DEFINED OUTCOMES AND CAN MAKE "BIG IMPACTS" FOR STUDENT SUCCESS. IN COLLABORATION WITH COASTSIDE SCHOOL DISTRICTS, CEF IDENTIFIES CLEAR GOALS, STRATEGIES, AND RESOURCES REQUIRED FOR EACH INITIATIVE TO ACHIEVE RESULTS. THERE ARE SEVERAL MAJOR THEMES FOR CEF BASIC GRANT MAKING AT THIS TIME: - LITERACY (K-3) - COLLEGE AND CAREER READINESS (AVID 6TH - 12TH GRADES, COMPUTER SCIENCE AND SCIENCE) - CRITICAL THINKING SKILLS (INNOVATION GRANTS) GRANTS IN THESE AREAS FUND AND PROMOTE TEACHER PROFESSIONAL DEVELOPMENT AND INFORMATIONAL LIBRARIES THAT INCREASE OUR STUDENTS' READING PROFICIENCY BY THE END OF THIRD GRADE. CEF HAS ALSO BEEN ABLE TO EXPAND THE OUTCOME BASED COLLEGE AND CAREER READINESS PROGRAM (AVID) FROM 6TH THROUGH 12TH GRADE. CEF LEVERAGES THE POWER OF ITS ANNUAL ENDOWMENT DISTRIBUTION TO ADD NEW PROGRAMS SUCH AS ITS INNOVATION GRANTS TO BOTH CUSD FACULTY AND STUDENTS. THESE GRANTS SEEK TO IDENTIFY AND SUPPORT TEACHER AND STUDENT INNOVATIONS THAT CAN BE GAMECHANGERS AND POTENTIALLY TAKEN TO SCALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO LEARN TO READ PROFICIENTLY BY THE END OF THIRD GRADE SO THAT THEY CAN THEN READ TO LEARN. MORE THAN 2 MILLION IN EARLY LEARNING/LITERACY FUNDS HAVE BEEN BROUGHT INTO OUR COMMUNITY DUE TO CEF ADVOCACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROFESSIONAL DEVELOPMENT FOR OUR TEACHERS THROUGH COLUMBIA UNIVERSITY'S TEACHER'S COLLEGE READING AND WRITING PROGRAM. - CEF HAS BEEN BUILDING UPON ITS INVESTMENT IN EARLY READING DEVELOPMENT THROUGH PROVIDING "TARGETED" READING MATERIALS ACROSS THE K-5 GRADE LEVEL RANGE AS PART OF THE CLASSROOMS' LIBRARIES. APPROXIMATELY 95% OF STUDENTS (1500) IN THE SCHOOL DISTRICT INCREASED AT LEAST ONE READING LEVEL IN THE PAST YEAR AND 3723 BOOKS WERE DISTRIBUTED. (B) AVID/ SCIENCE - IN 2017, CEF CONTINUED FUNDING THE NATIONALLY RECOGNIZED AVID PROGRAM FOR 6TH AND 12TH GRADE STUDENTS TO DEVELOP THE ORGANIZATIONAL SKILLS TO BE COLLEGE AND CAREER READY. - APPROXIMATELY 2000 STUDENTS BENEFITED FROM FACULTY-DIRECTED PROFESSIONAL DEVELOPMENT AND COLLABORATION TO ASSIST SECONDARY SCIENCE TEACHERS IN BECOMING MODELS AND EXPERTS IN NEXT GENERATION SCIENCE STANDARDS. - CEF PARTNERED WITH THE SCHOOL DISTRICT TO CONTINUE ITS THIRD YEAR IN DESIGNING AND FUNDING COMPUTER SCIENCE PROGRAMS FOR ELEMENTARY THROUGH HIGH SCHOOL TO INTRODUCE COMPUTER SCIENCE CONCEPTS AND FUNDAMENTALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SCHOLARSHIPS TO LOW INCOME STUDENTS. THIS COASTSIDE FUTURES PRE-K THROUGH COLLEGE INITIATIVE IS A COLLECTIVE IMPACT EFFORT, A COLLABORATION THAT ALLOWS EXPERTISE AND FUNDS TO BE LEVERAGED TO HAVE THE GREATEST IMPACT ON OUR COASTSIDE STUDENTS' SUCCESS. NATIONAL, REGIONAL AND LOCAL RECOGNITION: IN 2017 CEF BECAME A NATIONAL MODEL PRESENTED TO THE NATIONAL SCHOOL FOUNDATION ASSOCIATION IN CHICAGO. IT ALSO RECEIVED THE 2017 HMB CHAMBER OF COMMERCE EDUCATION AWARD WITH FORMAL AWARD RECOGNITION FROM: U.S. CONGRESS, THE CALIFORNIA STATE SENATE, CALIFORNIA STATE LEGISLATURE, SAN MATEO BOARD OF SUPERVISORS AND THE CITY OF HALF MOON BAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD HAS A WRITTEN POLICY FOR DOCUMENT RETENTION AND DESTRUCTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE TREASURER AND EXECUTIVE DIRECTOR REVIEW THE DRAFT FORM 990 IN DETAIL. ONCE THEY APPROVE THE DRAFT, A DRAFT 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DIRECTORS ARE MONITORED ANNUALLY FOR CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE HUMAN RESOURCE COMMITTEE MEETS AT LEAST ANNUALLY AND CONDUCTS A PERFORMANCE AND COMPENSATION REVIEW OF THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9EXECUTIVE DIRECTOR IS A NON-VOTING MEMBER OF THE EXECUTIVE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 2, PART III, LINE 4C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART VII
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.51$0.01$3.51$0.31$0.40$0.08
2023Detailed filing. Detailed filing data is available for this year.$3.35$0.02$3.33$0.34$0.42$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.92$0.19$2.74$0.28$0.41$0.13
2021Detailed filing. Detailed filing data is available for this year.$3.70$0.19$3.51$0.43$0.38$0.05
2020Detailed filing. Detailed filing data is available for this year.$3.29$0.24$3.05$0.26$0.46$0.19
2019Detailed filing. Detailed filing data is available for this year.$3.00$0.15$2.84$0.37$0.39$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.84$0.23$2.61$0.23$0.32$0.09
2017Detailed filing. Detailed filing data is available for this year.$3.20$0.21$2.99$0.25$0.37$0.12
2016Detailed filing. Detailed filing data is available for this year.$3.09$0.18$2.90$0.29$0.41$0.12
2015Detailed filing. Detailed filing data is available for this year.$3.10$0.18$2.92$0.34$0.31$0.02
2014Detailed filing. Detailed filing data is available for this year.$3.17$0.17$3.00$0.44$0.26$0.18
2013Summary only. Only limited summary data is available for this year.$3.14$0.25$2.89$0.35$0.34$0.01
2012Summary only. Only limited summary data is available for this year.$2.60$0.00$2.60$0.31$0.16$0.15
2011Summary only. Only limited summary data is available for this year.$2.27$0.00$2.27$0.87$0.11$0.76