Civic Intelligence

Beverly Hills Education Foundation Inc.

990 • Fiscal year 2016 • EIN 95-3625879

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 04, 2017

255 South Lasky DriveBeverly Hills, CA 90212

(310) 557-0651

Siviq Scores

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

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

45th percentile

0.08x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

61st percentile

6.1%

Higher net margin than 61% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

62nd percentile

5.1%

Faster asset growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

15th percentile

-21%

Faster revenue growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$4,492,978

Up $219,376 (+5.1%) from 2015

Net Assets

Up

$4,428,352

Up $561,049 (+15%) from 2015

Liabilities

Down

$64,626

Down $341,673 (-84%) from 2015

Revenue

Down

$788,002

Down $212,526 (-21%) from 2015

Expenses

Down

$739,790

Down $252,513 (-25%) from 2015

Net Income

Up

$48,212

Up $39,987 (+486%) from 2015

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 2011: $4,597,177Liabilities 2011: $924,950Net Assets 2011: $3,672,2272011Assets 2012: $4,192,830Liabilities 2012: $921,725Net Assets 2012: $3,271,1052012Assets 2013: $4,319,763Liabilities 2013: $735,806Net Assets 2013: $3,583,9572013Assets 2014: $4,403,043Liabilities 2014: $479,956Net Assets 2014: $3,923,0872014Assets 2015: $4,273,602Liabilities 2015: $406,299Net Assets 2015: $3,867,3032015Assets 2016: $4,492,978Liabilities 2016: $64,626Net Assets 2016: $4,428,3522016Assets 2017: $5,185,052Liabilities 2017: $391,952Net Assets 2017: $4,793,1002017Assets 2018: $5,072,079Liabilities 2018: $151,985Net Assets 2018: $4,920,0942018Assets 2019: $4,816,839Liabilities 2019: $950Net Assets 2019: $4,815,8892019Assets 2020: $4,326,052Liabilities 2020: $57,878Net Assets 2020: $4,268,1742020Assets 2021: $5,153,177Liabilities 2021: $179,538Net Assets 2021: $4,973,6392021Assets 2022: $4,289,555Liabilities 2022: $105,063Net Assets 2022: $4,184,4922022Assets 2023: $3,961,669Liabilities 2023: $122,402Net Assets 2023: $3,839,2672023Assets 2025: $4,472,783Liabilities 2025: $2,006Net Assets 2025: $4,470,7772025

Highlighted filing

2016

Assets$4,492,978
Liabilities$64,626
Net Assets$4,428,352

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,878,362Expenses 2011: $2,250,164Net Income 2011: -$371,8022011Revenue 2012: $1,057,826Expenses 2012: $1,271,583Net Income 2012: -$213,7572012Revenue 2013: $1,771,423Expenses 2013: $1,834,743Net Income 2013: -$63,3202013Revenue 2014: $1,401,316Expenses 2014: $1,552,649Net Income 2014: -$151,3332014Revenue 2015: $1,000,528Expenses 2015: $992,303Net Income 2015: $8,2252015Revenue 2016: $788,002Expenses 2016: $739,790Net Income 2016: $48,2122016Revenue 2017: $793,194Expenses 2017: $857,842Net Income 2017: -$64,6482017Revenue 2018: $756,617Expenses 2018: $881,679Net Income 2018: -$125,0622018Revenue 2019: $814,706Expenses 2019: $1,071,076Net Income 2019: -$256,3702019Revenue 2020: $425,063Expenses 2020: $903,385Net Income 2020: -$478,3222020Revenue 2021: $431,595Expenses 2021: $736,374Net Income 2021: -$304,7792021Revenue 2022: $497,821Expenses 2022: $689,663Net Income 2022: -$191,8422022Revenue 2023: $454,275Expenses 2023: $1,051,154Net Income 2023: -$596,8792023Revenue 2025: $656,215Expenses 2025: $704,186Net Income 2025: -$47,9712025

Highlighted filing

2016

Revenue$788,002
Expenses$739,790
Net Income$48,212
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 4, 2017
Return Version
2015v3.0
Gross Receipts
$814,358
Mission and Program Overview

Mission

The beverly hills education foundation (bhef) was established in 1978 by concerned parents and community leaders. The first of its kind, bhef has become a national model for more than 500 school districts throughout the united states. Bhef works diligently so that our children can have the kinds of quality programming and exceptional teachers that have been the hallmark of a beverly hills public school education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,993,080$3,687,888▼ $305,192
Cash and Non-Interest-Bearing Accounts$126,178$556,955▲ $430,777
Savings and Temporary Cash Investments$152,743$207,212▲ $54,469
Pledges and Grants Receivable-$35,000-
Prepaid Expenses and Deferred Charges$476,010$4,649▼ $471,361
Land, Buildings, and Equipment, Net$1,601$1,274▼ $327
Total Assets$4,749,612$4,492,978▼ $256,634
Liabilities
Deferred Revenue$108,000$51,126▼ $56,874
Other Liabilities$35,000--
Accounts Payable and Accrued Expenses$13,299$13,500▲ $201
Total Liabilities$156,299$64,626▼ $91,673
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,074,123$1,679,790▼ $394,333
Permanently Rstr Net Assets$1,515,751$1,515,751→ $0
Unrestricted Net Assets$1,003,439$1,232,811▲ $229,372
Total Net Assets Fund Balance$4,593,313$4,428,352▼ $164,961
Total Liabilities and Net Assets / Fund Balance$4,749,612$4,492,978▼ $256,634

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,274$61,737-
Other Securities$123,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$3,958,080$68,429▼ $141,295$184,990$3,687,888
2014$4,043,264$115,917▲ $10,787$198,178$3,958,080
2013$3,539,074-▲ $564,269$45,800$4,043,264
2012$3,254,472-▲ $443,259$145,925$3,539,074
2011$3,576,484-▼ $133,273$175,106$3,254,472
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$437,210
Program Service Revenue
$289,682
Investment Income
$61,110
Other Revenue
$0
All Other Contributions
$30,800
Change in Net Assets
$48,212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$545,480
Salaries, Compensation, and Employee Benefits$194,310
Total Fundraising Expense$39,782
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$120,975$24,857$24,857$170,689
Payroll Taxes$16,741$3,440$3,440$23,621
Insurance$3,387$2,541$2,541$8,469
Fees for Services Accounting-$7,473-$7,473
Information Technology-$1,922$4,788$6,710
All Other Expenses$3,443$1,735$245$5,423
Office Expenses-$2,230-$2,230
Other Expenses$2,000$2,099$3,180$2,000
Advertising--$731$731
Total Functional Expenses$653,711$46,297$39,782$739,790
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$26,356
Fundraising Gross Income$26,356
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Compaign$432,766$26,356$26,356$0
Total Events$432,766$26,356$26,356-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Endownment Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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, Page 6, Part VI, Line 11B

The tax return was prepared by certified public accountant who forwards a draft of the return to the members of the executive board for review before the return is filed.

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

The organization regularly and consistently monitors and enforces the compliance with the conflict of interest policy. The organization distributes conflict of interest questionnaire to complete by all board members on an annual basis, requires any director, principal officer, or member of a committee with governing board delegated powers, who has direct or indirect financial interest to disclose the existence of the financial interest. The governing board or committee shall determine whether a conflict of interest exists, whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If the governing board or committee has reasonable cause to believe a member has failed to disclose, it will investigate, take appropriate disciplinary and corrective action if necessary.

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

The board of directors discuss and determine compensation once a year at the executive board meeting.

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

The board of directors discuss and determine compensation once a year at the executive board meeting.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Beverly Hills Education Foundation
EIN
95-3625879
Phone
3105570651
Address
255 SOUTH LASKY DRIVE, BEVERLY HILLS, CA 90212

Signing Officer

Name
Jonathan Forster
Title
Treasurer
Phone
3105570651
Signed
2017-02-04

Organization Details

Principal Officer
Monique Maas Gibbons
Formed
1978
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
19
Employees
52
Volunteers
30

Preparer

Firm
Boroda Holm a Professional Corporation
Address
15760 VENTURA BLVD 1030, ENCINO, CA 91436-3020
Preparer
Quan Holm
Phone
8189059550
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The beverly hills education foundation (bhef) was established in 1978 by concerned parents and community leaders. The first of its kind, bhef has become a national model for more than 500 school districts throughout the united states. Bhef works diligently so that our children can have the kinds of quality programming and exceptional teachers that have been the hallmark of a beverly hills public school education.

Form 990

Form 990, part i, line 5 50 of 52 employees are teachers and administrators who are directly for summer school.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The foundation supplements the beverly hills unified school district resources in the development of imaginative and creative teaching techniques as well as improvement of general instruction in the local public school.

Schedule D, Page 3, Part X

The foundation is a california not-for-profit corporation and is therefore exempt from taxation under section 501(c)(3) of the internal revenue code ('irc'), from federal income taxes pursuant to section 501(a) of the irc, and from state franchise taxes. However, income from certain activities not directly related to the foundation's tax-exempt purpose is subject to taxation as unrelated business income. During the years ended june 30, 2016 and 2015, the foundation did not incur any unrelated business income taxes. Accounting principles generally accepted in the united states of america require the foundation management to evaluate tax positions taken by the foundation and recognize a tax liability (or asset) if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The foundation recognizes potential accrued interest and penalties related to uncertain tax positions, if any, in income tax expense. For the years ended june 30, 2016 and 2015, the foundation performed an evaluation of uncertain tax positions and did not note any matters that would require recognition in the financial statements or which may have an effect on its tax-exempt status the foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The foundation believes it is no longer subject to income tax examinations for years prior to 2012.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/MissionDesc0THE BEVERLY HILLS EDUCATION FOUNDATION (BHEF) WAS ESTABLISHED IN 1978 BY CONCERNED PARENTS AND COMMUNITY LEADERS. THE FIRST OF ITS KIND, BHEF HAS BECOME A NATIONAL MODEL FOR MORE THAN 500 SCHOOL DISTRICTS THROUGHOUT THE UNITED STATES. BHEF WORKS DILIGENTLY SO THAT OUR CHILDREN CAN HAVE THE KINDS OF QUALITY PROGRAMMING AND EXCEPTIONAL TEACHERS THAT HAVE BEEN THE HALLMARK OF A BEVERLY HILLS PUBLIC SCHOOL EDUCATION.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.47$0.00$4.47$0.66$0.70$0.05
2023Summary only. Only limited summary data is available for this year.$3.96$0.12$3.84$0.45$1.05$0.60
2022Summary only. Only limited summary data is available for this year.$4.29$0.11$4.18$0.50$0.69$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.15$0.18$4.97$0.43$0.74$0.30
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.33$0.06$4.27$0.43$0.90$0.48
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$0.00$4.82$0.81$1.07$0.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.07$0.15$4.92$0.76$0.88$0.13
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.19$0.39$4.79$0.79$0.86$0.06
2016Detailed filing. Detailed filing data is available for this year.$4.49$0.06$4.43$0.79$0.74$0.05
2015Detailed filing. Detailed filing data is available for this year.$4.27$0.41$3.87$1.00$0.99$0.01
2014Detailed filing. Detailed filing data is available for this year.$4.40$0.48$3.92$1.40$1.55$0.15
2013Summary only. Only limited summary data is available for this year.$4.32$0.74$3.58$1.77$1.83$0.06
2012Summary only. Only limited summary data is available for this year.$4.19$0.92$3.27$1.06$1.27$0.21
2011Summary only. Only limited summary data is available for this year.$4.60$0.92$3.67$1.88$2.25$0.37