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Mbx Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020603467 ✦ Manhattan beach, CA ✦ Designated as a 501(c)(3)

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Overview

What is Mbx Foundation Inc?

Mbx Foundation Inc, based in Manhattan Beach, California, is a nonprofit organization dedicated to enriching the educational experiences of students within the Manhattan Beach Unified School District. With a team of 116 dedicated individuals, the foundation provides and supports a wide array of academic, educational, musical, athletic, and co-curricular programs. Their mission extends beyond just offering these activities; they also actively solicit volunteers and raise funds to further these initiatives. The foundation's work aims to enhance the overall educational journey of students in Manhattan Beach, California.


Official website here: www.mbxfoundation.org

Is Mbx Foundation Inc legitimate?

Mbx Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mbx Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $106,769
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mbxfoundation.org

What is the mission statement of Mbx Foundation Inc?

The Mbx Foundation's mission is centered around supporting academic, educational, musical, athletic, and co-curricular programs. This non-profit organization aims to bolster these activities established for the Manhattan Beach Unified School District in California. In addition, the foundation actively solicits volunteers and raises funds to further enhance these initiatives. The organization's efforts extend to after-school, summer, and booster club programs.


Official website here: www.mbxfoundation.org

What is the revenue of Mbx Foundation Inc?

Mbx Foundation Inc's revenue in 2023 was $4,970,679.


Official website here: www.mbxfoundation.org

Who are the executives of Mbx Foundation Inc and what are their salaries?

The average compensation at Mbx Foundation Inc during 2023 was $1,007. There are 106 employees and 300 volunteers at Mbx Foundation Inc.

Here are 10 key members and their salaries:


Andrea Barker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Fournell (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bonnie Darrow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Mukai (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Cochran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Hoffman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Tang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pennie Stepcyzk (Booster Advisory Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pip Coyne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Interian (Executive Director)
  • Compensation: $103,577
  • Related: $0
  • Other: $3,192


Official website here: www.mbxfoundation.org

Where can I find the form 990 for Mbx Foundation Inc?

Mbx Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.mbxfoundation.org

Learn more at the official website: www.mbxfoundation.org

Mission Statement of Mbx Foundation Inc

Mbx Foundation Inc is committed to providing and supporting a variety of academic, educational, musical, athletic, and co-curricular programs established for the Manhattan Beach Unified School District in Manhattan Beach, California. The organization's mission is twofold: firstly, it aims to enhance these activities by soliciting volunteers and raising funds; secondly, it strives to establish after-school, summer, and booster club programs. By doing so, Mbx Foundation Inc aims to contribute positively to the educational experiences and extracurricular opportunities available to students within the Manhattan Beach Unified School District.

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Impact




October, 2024

Mbx Foundation Inc significantly enhances the educational landscape in Manhattan Beach, California, by providing vital support for academic, musical, athletic, and co-curricular programs within the Manhattan Beach Unified School District. Through its dedicated efforts, the foundation fosters a robust learning environment that extends beyond traditional classroom education.

By facilitating after-school and summer programs, as well as supporting various booster club initiatives, Mbx Foundation Inc enriches the student experience, allowing young learners to explore diverse interests and talents. This holistic approach to education not only nurtures students' academic growth but also promotes teamwork, discipline, and creativity.

Furthermore, the foundation actively engages the community by soliciting volunteers and raising funds, ensuring that these programs are sustainable and inclusive. This collaborative spirit strengthens the bond between schools and the community, and empowers families to take an active role in their children's education. Overall, Mbx Foundation Inc plays a crucial role in shaping well-rounded individuals who are prepared for future challenges and opportunities.




This information is meant to be a general summary of Mbx Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$4,970,679 (2023)
Expenses
$5,026,357 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $111,791
  • Program Service Revenue: $1,520,569
  • Gross Receipts: $5,209,991

Assets and Liabilities:

  • Total Assets: $4,101,432
  • Total Liabilities: $5,222
  • Net Assets: $4,096,210

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SUMMER SCHOOL PROGRAMS

Revenue

$829,835

AFTER SCHOOL PROGRAMS

Revenue

$690,734

Organization Details

Founding Year

2002

Principal Officer

Paul Hoffman

NTEE Category

Code: B11 - Education

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