West Valley Educational Endowment Fund

Sunnyvale, CAUnknown exempt organizationEIN 77-0491540Revenue $17K in FY2020

On file with the IRSsites.google.com/site/wveefhome/homePo Box 2032 · Sunnyvale, CA

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To serve as a funding source for West Valley Elementary School in Sunnyvale, California.

17¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
17%
of spending
Concern: 17% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 15.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $227
Fine: 1 funder names it on their filings; under 3.
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
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17K
Spent
$6K
To programs
17%
Net assets
$549K

From the FY2020 Form 990 (year ending July 2020) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

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

Where the money goes

17 cents of each dollar spent went to programs.

Program services 17% · $999 Management & general 83% · $5K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See West Valley Educational Endowment Fund 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 15aYes

Programs and updates

Funds West Valley Elementary School in Sunnyvale, California.

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Provided by the organization

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1 program · $999 · in their own filed words · FY2019
01

To provide a continuing organization, outside of the public school system, which will work to provide financial support as a supplement to the resources of the Cupertino Union School District (CUSD) to sustain and enrich the educational environment of the students at West Valley Elementary School in Sunnyvale, California.

$999program expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$227

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$17K
Ln 12
Investment incomeLn 3$12K
Gifts and grantsLn 1h$5K
Money outPt IX
$6K
Ln 25
Programscol B$999
Managementcol C$5K
Owns and owesPt X
$549K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$549K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Investment incomeLn 3$12K
Gains on assetsLn 7$0
Total revenueLn 12$17K
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$0
Cash and savings togetherLn 1–2$8K
InvestmentsLn 11–13$541K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$549K
LiabilitiesLn 26$0
Net assetsLn 32$549K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$7K$8K
InvestmentsLn 11–13$506K$541K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$513K$549K
LiabilitiesLn 26$0$0
Net assetsLn 32$513K$549K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
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$0
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$0
Management feesLn 11a$0
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$1K$1K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$20$20
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$0
Other expenses (24a–d)Ln 24$999$999
All other expensesLn 24e$0
Total functional expensesLn 25$6K$999$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $17K$6K$11K$549K 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 $17,284 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $679$5,448
I-9 Program service revenue$0
I-10 Investment incomePrior year $22,761$11,836
I-11 Other revenue$0
I-12 Total revenuePrior year $23,440$17,284
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $675$5,904
I-18 Total expensesPrior year $675$5,904
I-19 Revenue less expensesPrior year $22,765$11,380
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $17,284 across 8 lines filed
VIII-1f All other contributions, gifts and grants$5,448
VIII-1h Total contributions, gifts and grants$5,448
VIII-3 Investment incomeExcluded from tax $11,836$11,836
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 events$0
VIII-12 Total revenueExcluded from tax $11,836$17,284
Part IX · Statement of functional expenses $5,904 across 31 lines filed
IX-1 Grants to domestic organizations$0
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 staff$0
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 taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $3,453$3,453
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $1,432$1,432
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $20$20
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 Insurance$0
IX-24 Other expenses (24a–d)Programs $999$999
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $999 · Management $4,905 · Fundraising $0$5,904
Part X · Balance sheet $548,763 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $6,832$7,826
X-2 Savings and temporary cash investments$0
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 $506,471$540,937
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 $513,303$548,763
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $513,303$548,763
X-32 Total net assets or fund balancesStart of year $513,303$548,763
X-33 Total liabilities and net assetsStart of year $513,303$548,763
Part XI · Reconciliation of net assets $548,763 net assets at year end
XI-1 Total revenue$17,284
XI-2 Total expenses$5,904
XI-3 Revenue less expenses$11,380
XI-4 Net assets at start of year$513,303
XI-5 Net unrealized gains (losses) on investments$24,080
XI-10 Net assets at end of year$548,763

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

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