Inglewood Educational Foundation

Tax-deductible

Inglewood, CA501(c)(3)EducationEIN 95-4722534Revenue $306K in FY2024

On file with the IRSiusd.net/about-iusd/inglewood-educatio401 S Inglewood Ave, 90301-2501 · Inglewood, CATax-exempt since May 1999Publicly supported charity — 170(b)(1)(A)(vi)

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To support the Educational mission, programs, objectives, and strategic plan of the Inglewood unified school district.

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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 3
filings with a surplus
Average surplus $167K a year · 44% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
38 mo
of spending, in cash
Looks good: 37.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $95K
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
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$306K
-32% vs prior year
Spent
$268K
To programs
48%
Net assets
$836K
By yearFY2020–FY2024
Revenue
$306K
FY2024▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2020$71K
FY2021$136K
FY2022$397K
FY2023$449K
FY2024$306K
Expenses
$268K
FY2024▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$161K
FY2023$222K
FY2024$268K
Net assets
$836K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$224K
FY2021$335K
FY2022$572K
FY2023$798K
FY2024$836K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1999.

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

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $130K Fundraising 52% · $138K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Inglewood Educational 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 Inglewood Unified School District's educational mission and programs.

Questions for Inglewood Educational Foundation

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Provided by the organization

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1 program · $130K · in their own filed words · FY2024
01

Provide inglewood unified school district the following support: graduating student scholarships, college & career counseling materials, teacher grants, classroom & after school academic enhancement, school library improvement, summer seminars in science and medicine, and cultural and fine arts programs.

$130Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$95K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$306K
Ln 12
Gifts and grantsLn 1h$306K
Investment incomeLn 3$367
Money outPt IX
$268K
Ln 25
Programscol B$130K
Fundraisingcol D$138K
Owns and owesPt X
$836K
net assets · Ln 32
Cash and savingsLn 1–2$836K
Total assetsLn 16$836K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$306K
Investment incomeLn 3$367
Gains on assetsLn 7$0
Total revenueLn 12$306K
Assets in detailPt X, end of year
CashLn 1$836K
SavingsLn 2$0
Cash and savings togetherLn 1–2$836K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$836K
LiabilitiesLn 26$0
Net assetsLn 32$836K
OperationsPt I, VI
EmployeesI 50
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 FY24End FY24
Cash and savingsLn 1–2$798K$836K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$798K$836K
LiabilitiesLn 26$0$0
Net assetsLn 32$798K$836K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6K$6K
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$2K$2K
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$100$100
Advertising and promotionLn 12$0
Office expensesLn 13$55$55
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$3K$3K
Other expenses (24a–d)Ln 24$253K$115K$138K
All other expensesLn 24e$92$92
Total functional expensesLn 25$268K$130K$0$138K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $306K$268K$38K$836K 990 PDF
FY2023 $449K$222K$227K$798K 990 PDF
FY2022 $397K$161K$236K$572K 990 PDF
FY2021 $136K$335K 990 PDF
FY2020 $71K$224K 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 FY2024 990 (6 parts)
Part I · Summary $305,868 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $448,736$305,501
I-9 Program service revenue$0
I-10 Investment incomePrior year $299$367
I-11 Other revenue$0
I-12 Total revenuePrior year $449,035$305,868
I-13 Grants and similar amounts paidPrior year $3,939$6,440
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $218,446$261,207
I-18 Total expensesPrior year $222,385$267,647
I-19 Revenue less expensesPrior year $226,650$38,221
Part VI · Governance 0 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
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 $305,868 across 8 lines filed
VIII-1f All other contributions, gifts and grants$305,501
VIII-1h Total contributions, gifts and grants$305,501
VIII-3 Investment incomeRelated to mission $367$367
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 revenueRelated to mission $367$305,868
Part IX · Statement of functional expenses $267,647 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $6,440$6,440
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 feesPrograms $1,619$1,619
IX-11c Accounting feesPrograms $3,500$3,500
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $100$100
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $55$55
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 InsurancePrograms $3,305$3,305
IX-24 Other expenses (24a–d)Programs $114,524 · Fundraising $138,012$252,536
IX-24e All other expensesPrograms $92$92
IX-25 Total functional expensesPrograms $129,635 · Management $0 · Fundraising $138,012$267,647
Part X · Balance sheet $836,400 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $798,179$836,400
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 securities$0
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 $798,179$836,400
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $798,179$836,400
X-32 Total net assets or fund balancesStart of year $798,179$836,400
X-33 Total liabilities and net assetsStart of year $798,179$836,400
Part XI · Reconciliation of net assets $836,400 net assets at year end
XI-1 Total revenue$305,868
XI-2 Total expenses$267,647
XI-3 Revenue less expenses$38,221
XI-4 Net assets at start of year$798,179
XI-10 Net assets at end of year$836,400

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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