Simi Valley Education Foundation FY2020 filing

Tax-deductible

Simi Valley, CA501(c)(3)EducationEIN 77-0299495Revenue $88K in FY2020

On file with the IRSsvef.orgPo Box 1439, 93062-1439 · Simi Valley, CATax-exempt since Nov 1992Publicly supported charity — 170(b)(1)(A)(vi)

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Support of public schools and students in the Simi Valley unified school district.

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
$33K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $2K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$33K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $22K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$88K
Spent
$98K
To programs
49%
Net assets
$219K
By yearFY2020–FY2024
Revenue
$88K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$88K
FY2021$114K
FY2022$54K
FY2023$95K
FY2024$111K
Expenses
$98K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$98K
FY2021$84K
FY2022$85K
FY2023$90K
FY2024$95K
Net assets
$219K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$219K
FY2021$250K
FY2022$218K
FY2023$223K
FY2024$239K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $48K Management & general 34% · $33K Fundraising 17% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $33K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Direc
$33,075Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Cindy Jacoby’s $33K as Executive Direc is at the 25th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Cindy Jacoby$33,075$33,075$33,075$33,075$33,075

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Simi Valley Education Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports public schools and students in Simi Valley Unified School District.

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Provided by the organization

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3 programs · $48K · in their own filed words · FY2020
01

Student scholarships presented to graduating high school seniors and current junior college students.

$24Kprogram expense
02

Assistance to local public schools for needed classroom projects, supplies, education programs and other needs not funded by school budget.

$20Kprogram expense
03

Assistance to local public schools for the purchase of shirts and other promotional items in suport of district's dare, junior olympics, every 15 minutes, reflections, and speaker programs.

$4Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$22K
See all 3 funders →
Grants paid · 5 grants · $214K · 2020–2024
Simi Valley SchoolsFY2024$46,857
Simi Valley SchoolsFY2023$42,439
Simi Valley SchoolsFY2022$38,298
Simi Valley SchoolsFY2021$38,175
Simi Valley SchoolsFY2020$48,466

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$88K
Ln 12
Gifts and grantsLn 1h$55K
Other incomeLn 4–11$23K
Investment incomeLn 3$10K
Money outPt IX
$98K
Ln 25
Programscol B$48K
Managementcol C$33K
Fundraisingcol D$17K
Owns and owesPt X
$219K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$219K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$55K
Investment incomeLn 3$10K
Other incomeLn 4–11$23K
Gains on assetsLn 7$0
Total revenueLn 12$88K
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$13K
InvestmentsLn 11–13$206K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$219K
LiabilitiesLn 26$0
Net assetsLn 32$219K
OperationsPt I, VI
EmployeesI 51
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$34K$13K
InvestmentsLn 11–13$195K$206K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$229K$219K
LiabilitiesLn 26$0$0
Net assetsLn 32$229K$219K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$48K$48K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$33K$17K$17K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$3K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$516$516
Office expensesLn 13$6K$6K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$3K$3K
All other expensesLn 24e$0
Total functional expensesLn 25$98K$48K$33K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $111K$95K$16K$239K 990 PDF
FY2023 $95K$90K$5K$223K 990 PDF
FY2022 $54K$85K−$31K$218K 990 PDF
FY2021 $114K$84K$30K$250K 990 PDF
FY2020 Viewing $88K$98K−$10K$219K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $88,031 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $76,746$55,109
I-9 Program service revenue$0
I-10 Investment incomePrior year $15,133$9,861
I-11 Other revenuePrior year $20,340$23,061
I-12 Total revenuePrior year $112,219$88,031
I-13 Grants and similar amounts paidPrior year $40,869$48,466
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $34,339$35,717
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,939$14,040
I-18 Total expensesPrior year $92,147$98,223
I-19 Revenue less expensesPrior year $20,072−$10,192
Part VI · Governance 28 of 28 board members independent, 4 to look at
VI-1a Voting members of the governing body28
VI-1b Independent voting members28
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $88,031 across 9 lines filed
VIII-1b Membership dues$2,470
VIII-1f All other contributions, gifts and grants$52,639
VIII-1h Total contributions, gifts and grants$55,109
VIII-3 Investment incomeExcluded from tax $9,861$9,861
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $23,061$23,061
VIII-12 Total revenueExcluded from tax $32,922$88,031
Part IX · Statement of functional expenses $98,223 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $48,466$48,466
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $16,538 · Fundraising $16,537$33,075
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $2,642$2,642
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,300$3,300
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $516$516
IX-13 Office expensesManagement $5,617$5,617
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $2,024$2,024
IX-24 Other expenses (24a–d)Management $2,583$2,583
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $48,466 · Management $33,220 · Fundraising $16,537$98,223
Part X · Balance sheet $219,019 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $23,806$8,266
X-2 Savings and temporary cash investmentsStart of year $10,059$5,001
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $195,346$205,752
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $229,211$219,019
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $229,211$219,019
X-33 Total liabilities and net assetsStart of year $229,211$219,019
Part XI · Reconciliation of net assets $219,019 net assets at year end
XI-1 Total revenue$88,031
XI-2 Total expenses$98,223
XI-3 Revenue less expenses−$10,192
XI-4 Net assets at start of year$229,211
XI-10 Net assets at end of year$219,019

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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