Carlsbad Educational Foundation FY2020 filing

Tax-deductible

Carlsbad, CA501(c)(3)Since 1982EIN 95-3768448

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To provide increased Educational opportunities for all students in the Carlsbad unified school district by developing and funding impactful programs.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$147K 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
5 of 5
filings with a surplus
Average surplus $457K a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$147K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$663K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
Spent
$2.7M
To programs
84%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$3.5M
FY2020
Revenue by fiscal year
FY2020$3.5M
FY2021$3.8M
FY2022$4.6M
FY2023$5.6M
FY2024$6.3M
FY2024$6.8M
Expenses
$2.7M
FY2020
Expenses by fiscal year
FY2020$2.7M
FY2021$3.6M
FY2022$4.3M
FY2023$5.1M
FY2024$5.8M
FY2024$6.6M
Net assets
$1.6M
FY2020
Net assets by fiscal year
FY2020$1.6M
FY2021$1.8M
FY2022$2.1M
FY2023$4.0M
FY2024$4.5M
FY2024$4.7M

From the FY2020 Form 990 (year ending August 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1985.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $2.2M Management & general 9% · $226K Fundraising 7% · $192K

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

15 people listed on the 990; $147K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$147,012Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Laura Pitts$207,350$201,166$195,877———
Laura Pitts——$195,877$130,500$95,652—
Michelle Ginn————$130,114$147,012
Taylor Beveridge$116,085$109,247$103,079———
Taylor Beveridge——$103,079———
Mandy McKnight$101,607—————

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.

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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 programs to boost educational opportunities for all students in Carlsbad Unified School District.

Provided by the organization

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1 program service account for $2.2M of program spending, described in the organization's own filed words · FY2019.
01

The foundation provieds private support for public education programs throughout the carlsbad unified school district, including the funding of lab equipment for classrooms, music instruction, science olympiad program, kids care progam which provides before and after school licensed childcare to students of the carlsbad unified school…

$2.2Mprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$7K
Grants paid · 2 grants · $2.6M · 2023–2024
Carlsbad Unified School DistFY2024$1,365,096
Carlsbad Unified School DistFY2023$1,253,540

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Fees for servicesLn 2g$2.5M
Gifts and grantsLn 1h$874K
Other incomeLn 4–11$110K
Money outPt IX
$2.7M
Ln 25
Programscol B$2.2M
Managementcol C$226K
Fundraisingcol D$192K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$2.3M
LiabilitiesLn 26$663K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$874K
Government grantsLn 1e$330K
Fundraising eventsLn 1c$29K
Fees for servicesLn 2g$2.5M
Investment incomeLn 3$13K
Other incomeLn 4–11$110K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$413K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$595K
Land, buildings, equipmentLn 10c$35K
Total assetsLn 16$2.3M
LiabilitiesLn 26$663K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 5149
VolunteersI 680
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
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$1.3M$1.6M
InvestmentsLn 11–13$268K$595K
Land, buildings, equipmentLn 10c$41K$35K
Total assetsLn 16$1.7M$2.3M
LiabilitiesLn 26$949K$663K
Net assetsLn 32$757K$1.6M
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$137K$68K$41K$27K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.2M$1.0M$78K$107K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$134K$109K$12K$13K
Payroll taxesLn 10$120K$98K$11K$12K
Management feesLn 11a$48K$41K$3K$4K
Legal feesLn 11b$30K$14K$16K
Accounting feesLn 11c$48K$16K$32K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$10K$7K$4K
Advertising and promotionLn 12$13K$7K$339$5K
Office expensesLn 13$19K$16K$1K$2K
Information technologyLn 14$24K$21K$1K$2K
RoyaltiesLn 15$0
OccupancyLn 16$120K$104K$7K$10K
TravelLn 17$7K$6K$444$592
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$13K$11K$761$1K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$17K$14K$1K$1K
InsuranceLn 23$50K$42K$4K$5K
Other expenses (24a–d)Ln 24$597K$597K
All other expensesLn 24e$47K$32K$14K$2K
Total functional expensesLn 25$2.7M$2.2M$226K$192K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $6.3M$5.8M$437K$4.5M 990 PDF
FY2023 $5.6M$5.1M$510K$4.0M 990 PDF
FY2022 $4.6M$4.3M$325K$2.1M 990 PDF
FY2021 $3.8M$3.6M$128K$1.8M 990 PDF
FY2020 Viewing $3.5M$2.7M$885K$1.6M 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 (4 parts)
Part VIII · Statement of revenue $3,537,535 across 9 lines filed
Lines not itemized here account for −$4,958 of total revenue; see the IRS return.
VIII-1c Fundraising events$28,950
VIII-1e Government grants$330,500
VIII-1f All other contributions, gifts and grants$514,195
VIII-1h Total contributions, gifts and grants$873,645
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,546,071$2,546,071
VIII-3 Investment incomeExcluded from tax $13,266$13,266
VIII-8 Net income from fundraising eventsExcluded from tax $92,414$92,414
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,097$17,097
VIII-12 Total revenueRelated to mission $2,558,210 · Excluded from tax $105,680$3,537,535
Part IX · Statement of functional expenses $2,652,842 across 30 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 staffPrograms $68,462 · Management $41,077 · Fundraising $27,385$136,924
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,031,724 · Management $78,083 · Fundraising $107,317$1,217,124
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $109,053 · Management $11,811 · Fundraising $13,353$134,217
IX-10 Payroll taxesPrograms $97,826 · Management $10,595 · Fundraising $11,978$120,399
IX-11a Management feesPrograms $41,316 · Management $2,883 · Fundraising $3,843$48,042
IX-11b Legal feesPrograms $14,477 · Management $15,745$30,222
IX-11c Accounting feesPrograms $16,455 · Management $31,708$48,163
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $6,590 · Management $3,784$10,374
IX-12 Advertising and promotionPrograms $6,928 · Management $339 · Fundraising $5,299$12,566
IX-13 Office expensesPrograms $16,214 · Management $1,131 · Fundraising $1,508$18,853
IX-14 Information technologyPrograms $20,818 · Management $1,453 · Fundraising $1,936$24,207
IX-15 Royalties$0
IX-16 OccupancyPrograms $103,591 · Management $7,227 · Fundraising $9,636$120,454
IX-17 TravelPrograms $6,363 · Management $444 · Fundraising $592$7,399
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $10,913 · Management $761 · Fundraising $1,016$12,690
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $14,387 · Management $1,004 · Fundraising $1,338$16,729
IX-23 InsurancePrograms $41,668 · Management $3,892 · Fundraising $4,628$50,188
IX-24 Other expenses (24a–d)Programs $596,833$596,833
IX-24e All other expensesPrograms $31,783 · Management $13,826 · Fundraising $1,849$47,458
IX-25 Total functional expensesPrograms $2,235,401 · Management $225,763 · Fundraising $191,678$2,652,842
Part X · Balance sheet $2,308,474 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $533,712$413,107
X-2 Savings and temporary cash investmentsStart of year $735,961$1,177,504
X-4 Accounts receivableStart of year $80,924$67,245
X-9 Prepaid expenses and deferred chargesStart of year $47,356$20,225
X-10c Land, buildings and equipment, netStart of year $40,961$35,494
X-11 Publicly traded securitiesStart of year $268,047$594,899
X-16 Total assetsStart of year $1,706,961$2,308,474
X-17 Accounts payable and accrued expensesStart of year $276,092$125,502
X-18 Grants payableStart of year $561,862$266,552
X-19 Deferred revenueStart of year $111,532$120,758
X-24 Unsecured notes and loans payable$150,000
X-26 Total liabilitiesStart of year $949,486$662,812
X-27 Net assets without donor restrictionsStart of year $535,913$1,160,813
X-28 Net assets with donor restrictionsStart of year $221,562$484,849
X-32 Total net assets or fund balancesStart of year $757,475$1,645,662
X-33 Total liabilities and net assetsStart of year $1,706,961$2,308,474
Part XI · Reconciliation of net assets $1,645,662 net assets at year end
XI-1 Total revenue$3,537,535
XI-2 Total expenses$2,652,842
XI-3 Revenue less expenses$884,693
XI-4 Net assets at start of year$757,475
XI-5 Net unrealized gains (losses) on investments$3,494
XI-10 Net assets at end of year$1,645,662

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

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