Civic Intelligence

Glendale Educational Foundation

990 • Fiscal year 2023 • EIN 95-3815676

Aug 01, 2022 to Jul 31, 2023 • Filed on Feb 05, 2025

223 N Jackson St 110Glendale, CA 91206

(818) 247-0466

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$606,636

Down $12,022 (-1.9%) from 2022

Net Assets

Down

$606,628

Down $12,030 (-1.9%) from 2022

Liabilities

Up

$8

Up $8 from 2022

Revenue And Expenses

Revenue

Down

$244,389

Down $30,746 (-11%) from 2022

Expenses

Up

$181,225

Up $39,682 (+28%) from 2022

Net Income

Down

$63,164

Down $70,428 (-53%) 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 2023: $692,097Liabilities 2023: $8Net Assets 2023: $692,0892023Assets 2023: $606,636Liabilities 2023: $8Net Assets 2023: $606,6282023Assets 2024: $571,792Liabilities 2024: $43,008Net Assets 2024: $528,7842024

Highlighted filing

2023

Assets$606,636
Liabilities$8
Net Assets$606,628

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 2023: $254,667Expenses 2023: $181,236Net Income 2023: $73,4312023Revenue 2023: $244,389Expenses 2023: $181,225Net Income 2023: $63,1642023Revenue 2024: $134,814Expenses 2024: $188,807Net Income 2024: -$53,9932024

Highlighted filing

2023

Revenue$244,389
Expenses$181,225
Net Income$63,164
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Feb 5, 2025
Return Version
2022v5.0
Gross Receipts
$314,768
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$410,524$354,459▼ $56,065
Cash and Non-Interest-Bearing Accounts$134,621$196,788▲ $62,167
Savings and Temporary Cash Investments$71,944$53,644▼ $18,300
Prepaid Expenses and Deferred Charges$1,569$1,745▲ $176
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$618,658$606,636▼ $12,022
Other Assets Total-$0-
Liabilities
Other Liabilities-$8-
Total Liabilities$0$8▲ $8
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$546,714$552,984▲ $6,270
Net Assets With Donor Restrictions$71,944$53,644▼ $18,300
Total Net Assets Fund Balance$618,658$606,628▼ $12,030
Total Liabilities and Net Assets / Fund Balance$618,658$606,636▼ $12,022

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$371,767-▲ $4,454-$376,221
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
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$263,704
Program Service Revenue
$0
Investment Income
$4,454
Other Revenue
$-23,769
All Other Contributions
$131,324
Change in Net Assets
$63,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$112,315
Other Expenses$56,404
Grants and Similar Amounts Paid$12,506
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$103,828-$103,828
All Other Expenses$5,003$18,794-$23,797
Grants to Domestic Individuals$12,506--$12,506
Payroll Taxes-$8,487-$8,487
Fees for Services Accounting-$4,334-$4,334
Other Expenses$13,672$3,714-$3,714
Insurance-$2,569-$2,569
Total Functional Expenses$31,181$150,044$0$181,225
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$28,969
Fundraising Gross Income$5,200
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
State of the Schools$103,980-$19,310-
Diamond Gala$5,200$5,200$9,659$-4,459
Total Events$109,180$5,200$28,969$-23,769
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
Payroll Liabilities$8
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, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

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, Section B, Line 15A

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

Form 990, Part VI, Section C, Line 18

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

Form 990, Part VI, Section C, Line 19

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
Georgette Green
Title
Treasurer
Signed
2025-02-05
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
CA
Voting Board Members
27
Independent Board Members
27
Employees
4
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

Form 990, Part IX, Line 24E

Annual Meeting Expense: Column (A) - Total = $213; Column (B) - Program Services = $0; Column (C) - Management & General = $213; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

BOARD EXPENSES: Column (A) - Total = $747; Column (B) - Program Services = $0; Column (C) - Management & General = $747; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

BUSINESS PARTNERSHIP PROGRAM: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

CREDIT CARD FEES: Column (A) - Total = $2033; Column (B) - Program Services = $0; Column (C) - Management & General = $2033; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Dancing with Diamond Expense: Column (A) - Total = $3000; Column (B) - Program Services = $0; Column (C) - Management & General = $3000; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Donor Recognnition: Column (A) - Total = $3628; Column (B) - Program Services = $3628; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

DUES & SUBSCRIPTIONS: Column (A) - Total = $445; Column (B) - Program Services = $0; Column (C) - Management & General = $445; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

FILING FEES AND LICENSES: Column (A) - Total = $100; Column (B) - Program Services = $0; Column (C) - Management & General = $100; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

INVESTMENT MANAGEMENT FEES: Column (A) - Total = $3560; Column (B) - Program Services = $0; Column (C) - Management & General = $3560; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

OFFICE SUPPLIES: Column (A) - Total = $420; Column (B) - Program Services = $0; Column (C) - Management & General = $420; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Other Admin Expense: Column (A) - Total = $1200; Column (B) - Program Services = $0; Column (C) - Management & General = $1200; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Parking: Column (A) - Total = $16; Column (B) - Program Services = $0; Column (C) - Management & General = $16; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

PAYROLL PROCESSING FEES: Column (A) - Total = $660; Column (B) - Program Services = $0; Column (C) - Management & General = $660; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

POSTAGE: Column (A) - Total = $1086; Column (B) - Program Services = $0; Column (C) - Management & General = $1086; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Principal for a Day: Column (A) - Total = $1375; Column (B) - Program Services = $1375; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Printing and Publications: Column (A) - Total = $725; Column (B) - Program Services = $0; Column (C) - Management & General = $725; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Printing and Stationary: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

SOFTWARE: Column (A) - Total = $3551; Column (B) - Program Services = $0; Column (C) - Management & General = $3551; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Summer School Expense: Column (A) - Total = $50; Column (B) - Program Services = $0; Column (C) - Management & General = $50; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Training: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Workers Comp Insurance: Column (A) - Total = $988; Column (B) - Program Services = $0; Column (C) - Management & General = $988; Column (D) - Fundraising = $0

Form 990, Part XI, Line 9

Decreases in College View fund = -$18300

Amended Explanation

The taxpayer received revised brokerage accounts and has updated the portfolio income and expenses in part viii. Payroll informaiton was also updated in part ix.

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IRS990/Form990PartVIISectionAGrp/PersonNm2Corrie Siegal
IRS990/Form990PartVIISectionAGrp/PersonNm3MARVEL FORD
IRS990/Form990PartVIISectionAGrp/PersonNm4Maria Sahakian
IRS990/Form990PartVIISectionAGrp/PersonNm5John Maghaguian
IRS990/Form990PartVIISectionAGrp/PersonNm6Nayiri Nahabedian
IRS990/Form990PartVIISectionAGrp/PersonNm7DEBBIE BLUTE
IRS990/Form990PartVIISectionAGrp/PersonNm8Melinda Khechumyan
IRS990/Form990PartVIISectionAGrp/PersonNm9Jennifer Berry
IRS990/Form990PartVIISectionAGrp/PersonNm10Yuliya Pobereyko
IRS990/Form990PartVIISectionAGrp/PersonNm11Lerna Amiryans
IRS990/Form990PartVIISectionAGrp/PersonNm12Roberta Currier
IRS990/Form990PartVIISectionAGrp/PersonNm13Brenda Danna
IRS990/Form990PartVIISectionAGrp/PersonNm14PAM SOREM
IRS990/Form990PartVIISectionAGrp/PersonNm15Alex Parajon
IRS990/Form990PartVIISectionAGrp/PersonNm16Yvette Davis
IRS990/Form990PartVIISectionAGrp/PersonNm17Vrejh Hovespian
IRS990/Form990PartVIISectionAGrp/PersonNm18Kristin Levy
IRS990/Form990PartVIISectionAGrp/PersonNm19Nayiri Nahabedian
IRS990/Form990PartVIISectionAGrp/PersonNm20Ron Scott
IRS990/Form990PartVIISectionAGrp/PersonNm21Hala Shonouda
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IRS990/Form990PartVIISectionAGrp/PersonNm24Darren Merritt
IRS990/Form990PartVIISectionAGrp/PersonNm25Raana Hasnat
IRS990/Form990PartVIISectionAGrp/PersonNm26SONA TATIYANTS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt4member
IRS990/Form990PartVIISectionAGrp/TitleTxt5member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt9member
IRS990/Form990PartVIISectionAGrp/TitleTxt10member
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP of Events
IRS990/Form990PartVIISectionAGrp/TitleTxt16Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Member
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IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingDirectExpensesAmt028969
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IRS990/InfoInScheduleOPartIXInd0X
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IRS990/InsuranceGrp/TotalAmt02569
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IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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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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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-6865
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-23769
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Program Expense
IRS990/OtherExpensesGrp/Desc1MARKETING PR COMMITTEE EXPENSE
IRS990/OtherExpensesGrp/Desc2Holiday Party
IRS990/OtherExpensesGrp/Desc3OUTSIDE CONTRACT /WEBSITE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13915
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23714
IRS990/OtherExpensesGrp/ProgramServicesAmt013672
IRS990/OtherExpensesGrp/TotalAmt013672
IRS990/OtherExpensesGrp/TotalAmt14403

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2023Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.24$0.18$0.06
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