Overview
What is Redondo Beach Educational Foundation?
The Redondo Beach Educational Foundation (RBEF) is a nonprofit organization situated in Redondo Beach, California. With a team of 78 dedicated individuals, RBEF collaborates with local communities, businesses, and corporations to supplement the financial resources required for enhancing educational experiences in programs such as music, science, and technology. Their mission is to motivate the community to invest in Redondo Beach schools, enabling students to acquire knowledge and skills that surpass what public funding can achieve alone. The foundation works within the Redondo Beach Unified School District (RBUSD), aiming to enrich the educational journey for all children in the district.
Official website here: www.rbef.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating
The Redondo Beach Educational Foundation has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The 100% score reflects strong governance practices, with an independent board comprised entirely of independent members, as well as effective oversight of financial statements and no material diversion of assets. This level of transparency and accountability is crucial for instilling trust in donors and stakeholders.
Financially, the organization demonstrates sound management of its resources, with an impressive program expense ratio of 87.65%, meaning that a significant portion of funds is directed towards its educational programs. Additionally, the foundation exhibits efficient fundraising practices, with only $0.08 spent to raise each dollar, highlighting its commitment to maximizing donor contributions for its initiatives. The working capital ratio of 1.10 years further suggests a solid financial footing, allowing for operational stability.
While the ratings and feedback are overwhelmingly positive, the data does not specify any limitations or challenges the foundation faces. The organization's proactive approach to governance and financial management positions it well for continued support and success in its mission to enhance education in Redondo Beach.
This AI summary has been generated from information found on Charity Navigator.
Is Redondo Beach Educational Foundation legitimate?
Redondo Beach Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redondo Beach Educational Foundation 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: $125,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $377,195
For more financial information, click here
Official website here: www.rbef.org
What is the mission statement of Redondo Beach Educational Foundation?
The Redondo Beach Educational Foundation inspires its community to invest in local schools, aiming to provide every student with knowledge and skills exceeding what public funding alone can achieve. In collaboration with individuals, businesses, and corporations, the foundation supplements the educational experience in various programs such as music, science, and technology, ensuring these opportunities are available to all students within the Redondo Beach Unified School District.
Official website here: www.rbef.org
Who is the CEO of Redondo Beach Educational Foundation?
Doris Donlou-Richmond is the President of Redondo Beach Educational Foundation.
Official website here: www.rbef.org
What is the revenue of Redondo Beach Educational Foundation?
Redondo Beach Educational Foundation's revenue in 2023 was $2,123,889.
Official website here: www.rbef.org
Who are the executives of Redondo Beach Educational Foundation and what are their salaries?
The average compensation at Redondo Beach Educational Foundation during 2023 was $6,438. There are 78 employees and 40 volunteers at Redondo Beach Educational Foundation.
Here are 12 key members and their salaries:
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- Compensation: $83,423
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Official website here: www.rbef.org
Where can I find the form 990 for Redondo Beach Educational Foundation?
Redondo Beach Educational Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rbef.org
Learn more at the official website: www.rbef.org
Mission Statement of Redondo Beach Educational Foundation
The Redondo Beach Educational Foundation, or RBEF, inspires its community to invest in the local schools with the goal of enabling every student to acquire knowledge and skills that surpass what public funding alone can achieve. Recognizing the importance of enriching the educational experience, RBEF collaborates with individuals, businesses, and corporations to provide additional funding for programs such as music, science, and technology. Through these efforts, RBEF aims to cater to the needs of all children within the Redondo Beach Unified School District, ensuring they receive an education that extends beyond what is financially feasible through public resources alone.
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Impact
October, 2024
The Redondo Beach Educational Foundation (RBEF) significantly enhances the educational landscape for students in the Redondo Beach Unified School District. By fostering community investment in local schools, RBEF ensures that every student has the opportunity to access resources and programs that extend well beyond the limitations of public funding.
Through partnerships with individuals, businesses, and corporations, RBEF provides essential funding that enriches various educational programs, including music, science, and technology. This additional support not only elevates the quality of education but also cultivates a well-rounded learning environment where students can develop valuable skills and knowledge.
The foundation plays a critical role in inspiring community members to recognize the importance of investing in education, ultimately creating a more vibrant and dynamic school experience for every child in the Redondo Beach area.
This information is meant to be a general summary of Redondo Beach Educational Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: -$16,756
- Program Service Revenue: $386,544
- Gross Receipts: $2,907,569
Assets and Liabilities:
- Total Assets: $2,358,021
- Total Liabilities: $493,526
- Net Assets: $1,864,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUMMER SESSION & SEA H
Revenue
$386,544
Organization Details
Founding Year
1992
Phone
(310) 954-2004Principal Officer
Doris Donlou-Richmond
Main Address
407 N PACIFIC COAST HIGHWAY 310, REDONDO BEACH, CA, 90277
Website
www.rbef.orgNTEE Category
Code: Z99Z - Unknown
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