Civic Intelligence

Glendale Educational Foundation

990 • Fiscal year 2020 • EIN 95-3815676

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 15, 2021

Organization ProfileWWW.GLENED.ORG
223 N Jackson StGlendale, CA 91206

(818) 247-0466

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.25x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

84th percentile

0.50x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

48th percentile

5.1%

Higher net margin than 48% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

64th percentile

$43,750

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

71st percentile

23%

Faster asset growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

45th percentile

-4.2%

Faster revenue growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$561,525

Up $105,973 (+23%) from 2019

Net Assets

Up

$419,925

Up $87,352 (+26%) from 2019

Liabilities

Up

$141,600

Up $18,621 (+15%) from 2019

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin48th percentile

Revenue

Down

$281,933

Down $12,407 (-4.2%) from 2019

Expenses

Down

$267,522

Down $5,587 (-2.0%) from 2019

Net Income

Down

$14,411

Down $6,820 (-32%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$1.5M$1.0M$500K$0Assets 2011: $869,809Liabilities 2011: $0Net Assets 2011: $869,8092011Assets 2012: $1,018,554Liabilities 2012: $0Net Assets 2012: $1,018,5542012Assets 2013: $247,684Liabilities 2013: $27,175Net Assets 2013: $220,5092013Assets 2014: $339,403Liabilities 2014: $15,000Net Assets 2014: $324,4032014Assets 2015: $313,831Liabilities 2015: $0Net Assets 2015: $313,8312015Assets 2016: $349,744Liabilities 2016: $92,558Net Assets 2016: $257,1862016Assets 2017: $391,884Liabilities 2017: $114,858Net Assets 2017: $277,0262017Assets 2018: $420,959Liabilities 2018: $109,617Net Assets 2018: $311,3422018Assets 2019: $455,552Liabilities 2019: $122,979Net Assets 2019: $332,5732019Assets 2020: $561,525Liabilities 2020: $141,600Net Assets 2020: $419,9252020Assets 2021: $626,017Liabilities 2021: $140,951Net Assets 2021: $485,0662021Assets 2022: $618,658Liabilities 2022: $0Net Assets 2022: $618,6582022Assets 2023: $692,097Liabilities 2023: $8Net Assets 2023: $692,0892023Assets 2024: $571,792Liabilities 2024: $43,008Net Assets 2024: $528,7842024

Highlighted filing

2020

Assets$561,525
Liabilities$141,600
Net Assets$419,925
Open 2020 Filing

Operations Trend

Revenue Growth45th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $750,865Expenses 2011: $625,502Net Income 2011: $125,3632011Revenue 2012: $763,740Expenses 2012: $614,995Net Income 2012: $148,7452012Revenue 2013: $244,301Expenses 2013: $190,210Net Income 2013: $54,0912013Revenue 2014: $193,941Expenses 2014: $97,937Net Income 2014: $96,0042014Revenue 2015: $195,102Expenses 2015: $205,674Net Income 2015: -$10,5722015Revenue 2016: $247,897Expenses 2016: $304,542Net Income 2016: -$56,6452016Revenue 2017: $274,310Expenses 2017: $254,470Net Income 2017: $19,8402017Revenue 2018: $287,715Expenses 2018: $267,926Net Income 2018: $19,7892018Revenue 2019: $294,340Expenses 2019: $273,109Net Income 2019: $21,2312019Revenue 2020: $281,933Expenses 2020: $267,522Net Income 2020: $14,4112020Revenue 2021: $250,108Expenses 2021: $220,241Net Income 2021: $29,8672021Revenue 2022: $275,135Expenses 2022: $141,543Net Income 2022: $133,5922022Revenue 2023: $254,667Expenses 2023: $181,236Net Income 2023: $73,4312023Revenue 2024: $134,814Expenses 2024: $188,807Net Income 2024: -$53,9932024

Highlighted filing

2020

Revenue$281,933
Expenses$267,522
Net Income$14,411
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 15, 2021
Return Version
2019v5.0
Gross Receipts
$412,619
Mission and Program Overview

Mission

The glendale educational foundation is committed to generating funds to enrich and enhance the programs and projects of the glendale unified school district for a healthy and quality learning environment to benefit students, staff, parents and the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$269,323$301,824▲ $32,501
Cash and Non-Interest-Bearing Accounts$167,597$186,055▲ $18,458
Savings and Temporary Cash Investments$12,036$71,944▲ $59,908
Prepaid Expenses and Deferred Charges$6,596$1,702▼ $4,894
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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$455,552$561,525▲ $105,973
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$110,479$125,000▲ $14,521
Other Liabilities-$14,800-
Deferred Revenue$12,500$1,800▼ $10,700
Total Liabilities$122,979$141,600▲ $18,621
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$320,537$347,981▲ $27,444
Net Assets With Donor Restrictions$12,036$71,944▲ $59,908
Total Net Assets Fund Balance$332,573$419,925▲ $87,352
Total Liabilities and Net Assets / Fund Balance$455,552$561,525▲ $105,973

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$269,323$10,182▲ $22,319-$301,824
2018$246,428$5,962▲ $16,933-$269,323
2017$213,512$10,984▲ $21,932-$246,428
2016$194,819$9,906▲ $8,787-$213,512
2015$178,764$8,235▲ $7,820-$194,819
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mineh PetrosianExecutive DirectorPT$43,750$43,750
Elsa ChagollaExecutive DirectorPT$19,087$19,087
Susan HuntExecutive DirectorPT$12,500$12,500

Board Members and Trustees

NameTitle
Eric HamiltonPast President
Marvel FordPresident
Eric SchirdingVice President
Pam SoremVice President
Addora BeallDirector
Alex BrunoDirector
Alex ParajonDirector
Carl PovilaitisDirector
Darren MerrittDirector
Eddie TufenkjianDirector
Edward LeeDirector
Greg KrikorianDirector
Karen SwanDirector
Kris HonsDirector
Marisol EspinosaDirector
Raana HasnatDirector
Robert GordonDirector
Roberta CurrierDirector
Shakeh HaroutiounianDirector
Sima KeoshgerianDirector
Sona TatiyantsDirector
Stela FejtekDirector
Vrejh HovsepianDirector
Yvette DavisDirector
Joylene WagnerSecretary
Q BanjaiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$197,695
Program Service Revenue
$0
Investment Income
$11,362
Other Revenue
$72,876
All Other Contributions
$197,695
Change in Net Assets
$14,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$150,814
Salaries, Compensation, and Employee Benefits$81,788
Other Expenses$34,920
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$150,814--$150,814
Current Officers, Directors, Trustees, and Key Employees-$75,337-$75,337
All Other Expenses$696$10,496-$11,192
Payroll Taxes-$6,451-$6,451
Fees for Services Accounting-$5,237-$5,237
Insurance-$2,244-$2,244
Other Expenses-$2,119-$2,119
Total Functional Expenses$151,510$116,012$0$267,522
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Glendale Unified School DistrGlendale, CA--$71,100
Glendale Unified School DistrGlendale, CA--$56,514
Glendale Unified School DistrGlendale, CA--$23,200
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$120,896
Fundraising Direct Expenses$48,020
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Diamond Gala$64,731$64,731$32,509$32,222
State of the Schools$56,165$56,165$15,511$40,654
Total Events$120,896$120,896$48,020$72,876
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$14,800
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, Line 11B: Form 990 Review Process

“The board of directors is given a draft copy of the return to review prior to it being filed.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The board members sign a conflict of interest policy upon acceptance of their term and disclose anything that may give rise to a conflict of interest.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board reviews comparable salaries from similar organizations and votes on the salaries at the board meeting.”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“The governing documents and form 990 made available upon request and the form 990 is available on the guidestar website.”

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

“The board members sign a conflict of interest policy upon acceptance of their term and disclose anything that may give rise to a conflict of interest.”

Filing and Contact Details

Filer

Filer Name
Glendale Educational Foundation
EIN
95-3815676
Phone
8182470466
Address
223 N JACKSON ST, GLENDALE, CA 91206

Signing Officer

Name
Jennifer Cano
Title
Executive Director
Signed
2021-06-15
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
CA
Voting Board Members
25
Independent Board Members
29
Employees
1
Volunteers
50

Preparer

Firm
The Accountancy Llp
Address
500 N Brand Blvd Fl 20, Glendale, CA 91203
Preparer
Nassif E Shammaa CPA
Phone
8185475701
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Net increases int College VIew Funds = $59908”

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IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8President
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
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IRS990/MissionDesc0THE GLENDALE EDUCATIONAL FOUNDATION IS COMMITTED TO GENERATING FUNDS TO ENRICH AND ENHANCE THE PROGRAMS AND PROJECTS OF THE GLENDALE UNIFIED SCHOOL DISTRICT FOR A HEALTHY AND QUALITY LEARNING ENVIRONMENT TO BENEFIT STUDENTS, STAFF, PARENTS AND THE COMMUNITY.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$561,525
Liabilities
$141,600
Net assets
$419,925
Revenue
$281,933
Expenses
$267,522
Net income
$14,411
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.04$0.53$0.13$0.19$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.00$0.69$0.25$0.18$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.00$0.62$0.28$0.14$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.14$0.49$0.25$0.22$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.56$0.14$0.42$0.28$0.27$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.12$0.33$0.29$0.27$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.11$0.31$0.29$0.27$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.11$0.28$0.27$0.25$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.09$0.26$0.25$0.30$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.20$0.21$0.01
2014Summary only. Only limited summary data is available for this year.$0.34$0.02$0.32$0.19$0.10$0.10
2013Summary only. Only limited summary data is available for this year.$0.25$0.03$0.22$0.24$0.19$0.05
2012Summary only. Only limited summary data is available for this year.$1.02$0.00$1.02$0.76$0.61$0.15
2011Summary only. Only limited summary data is available for this year.$0.87$0.00$0.87$0.75$0.63$0.13