Civic Intelligence

Glendale Educational Foundation

990 • Fiscal year 2022 • EIN 95-3815676

Aug 01, 2021 to Jul 31, 2022 • Filed on Sep 29, 2023

Organization ProfileWWW.GLENED.ORG
223 N Jackson St 110Glendale, CA 91206

(818) 247-0466

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$618,658

Flat from 2022

Net Assets

Flat

$618,658

Flat from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses

Revenue

Flat

$275,135

Flat from 2022

Expenses

Flat

$141,543

Flat from 2022

Net Income

Flat

$133,592

Flat from 2022

Historical Trend

Balance Sheet Trend

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 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

2022

Assets$618,658
Liabilities$0
Net Assets$618,658
Open 2022 Filing

Operations Trend

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 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

2022

Revenue$275,135
Expenses$141,543
Net Income$133,592
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Sep 29, 2023
Return Version
2021v4.1
Gross Receipts
$376,284
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$372,134$410,524▲ $38,390
Cash and Non-Interest-Bearing Accounts$180,266$134,621▼ $45,645
Savings and Temporary Cash Investments$71,944$71,944→ $0
Prepaid Expenses and Deferred Charges$1,673$1,569▼ $104
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$626,017$618,658▼ $7,359
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$124,000--
Other Liabilities$16,951--
Total Liabilities$140,951$0▼ $140,951
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$413,122$546,714▲ $133,592
Net Assets With Donor Restrictions$71,944$71,944→ $0
Total Net Assets Fund Balance$485,066$618,658▲ $133,592
Total Liabilities and Net Assets / Fund Balance$626,017$618,658▼ $7,359

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$340,070-▲ $31,697-$371,767
2020$301,824$10,000▲ $28,246-$340,070
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer CanoExecutive DirectorPT$84,823$84,823

Board Members and Trustees

NameTitle
Marvel FordPast President
Robert GordonPresident
Eric SchirdingVice President
Alex BrunoMember
Corrie Siegalmember
Darren MerrittMember
Debbie BluteMember
Dr Vivian Ekchianmember
Jennifer Berrymember
John Maghaguianmember
Julia RabagoMember
Maria Sahakianmember
Mary BejanyanMember
Raana HasnatMember
Rebecca JohnsonMember
Shant Sahakianmember
Sima Koeshgerianmember
Sona TatiyantsMember
Stela FejtekMember
Yuliya Pobereykomember
Pam SoremSecretary
Georgette GreenTreasurer
Eddie TufenkjianVP Marketing
Alex ParajonVP of Events
Revenue and Support

Revenue Composition

Contributions and Grants
$266,446
Program Service Revenue
$0
Investment Income
$31,967
Other Revenue
$-23,278
All Other Contributions
$137,995
Change in Net Assets
$133,592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$91,522
Other Expenses$37,271
Grants and Similar Amounts Paid$12,750
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$84,823-$84,823
Grants to Domestic Orgs$12,750--$12,750
All Other Expenses$1,327$9,510-$10,837
Payroll Taxes-$6,699-$6,699
Fees for Services Accounting-$3,750-$3,750
Other Expenses-$3,497-$3,497
Insurance-$2,275-$2,275
Total Functional Expenses$14,077$127,466$0$141,543
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Glendale Unified School DistrGlendale, CA--$12,750
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$45,131
Fundraising Gross Income$21,853
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Diamond Gala$79,139$13,198$34,951$-21,753
State of the Schools$47,849$5,190$10,180$-4,990
Total Events$126,988$18,388$45,131$-26,743
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
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 110, GLENDALE, CA 91206

Signing Officer

Name
Alejandra Ruiz
Title
Executive Director
Signed
2023-09-29
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
CA
Voting Board Members
21
Independent Board Members
21
Employees
2
Volunteers
50

Preparer

Firm
The Accountancy Llp
Address
500 N BRAND BLVD STE 1930, GLENDALE, CA 91203
Preparer
Nassif E Shammaa CPA
Phone
8185475701
Supplemental Narrative

Additional Explanations

Amended Explanation

“Corrected page 1 signing officer, page 6 line 20 corrected person holding books and records, page 9 line 8a income from fundraising included contributions included on page 9 line 1c.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Member
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$618,658
Liabilities
$0
Net assets
$618,658
Revenue
$275,135
Expenses
$141,543
Net income
$133,592
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
2022Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.28$0.14$0.13
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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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