Overview
What is Hermosa Beach Education Foundation?
Hermosa Beach Education Foundation is a nonprofit organization situated in Hermosa Beach, California. Their primary mission is to foster investment in the local public schools and provide educational grants, supplementing the core curriculum and benefiting students across all grade levels. By offering these grants, the foundation aims to enrich and improve the educational experience for students in the Hermosa Beach City School District.
Official website here: www.hbef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
The Hermosa Beach Education Foundation has been rated with a score of 77%, indicating a solid level of accountability and finance practices. The organization achieved high marks in several key areas, including having an entirely independent board and maintaining a program expense ratio of 96.19%, which suggests that a significant portion of their expenses directly supports their educational programs.
Strengths of the foundation include no material diversion of assets and effective governance practices, as evidenced by their conflict of interest policy and the availability of board meeting minutes. These factors contribute to the foundation's overall transparency and responsible management of resources, which are critical for building trust with donors and the community.
While the foundation demonstrates strong financial accountability, the summary does not provide insight into its programmatic impact or community engagement. Future assessments could benefit from a more comprehensive evaluation of its outcomes and effectiveness in fulfilling its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hermosa Beach Education Foundation legitimate?
Hermosa Beach Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hermosa Beach Education 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.
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Official website here: www.hbef.org
What is the mission statement of Hermosa Beach Education Foundation?
The Hermosa Beach Education Foundation, as a mission, is dedicated to fostering investments in local public schools. They accomplish this by providing educational grants, which serve to augment the core curriculum and benefit students across various grade levels in the Hermosa Beach City School District. By offering these funds, the foundation strives to enhance the learning experience and contribute to the overall educational development of the students.
Official website here: www.hbef.org
Who is the CEO of Hermosa Beach Education Foundation?
Erin Smith is the President of Hermosa Beach Education Foundation.
Official website here: www.hbef.org
What is the revenue of Hermosa Beach Education Foundation?
Hermosa Beach Education Foundation's revenue in 2022 was $1,336,942.
Official website here: www.hbef.org
Who are the executives of Hermosa Beach Education Foundation and what are their salaries?
There 50 volunteers at Hermosa Beach Education Foundation.
Here are 24 key members and their salaries:
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Official website here: www.hbef.org
Where can I find the form 990 for Hermosa Beach Education Foundation?
Hermosa Beach Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hbef.org
Learn more at the official website: www.hbef.org
Mission Statement of Hermosa Beach Education Foundation
The Hermosa Beach Education Foundation, a notable nonprofit organization, is committed to fostering investment in the educational sector of Hermosa Beach's public schools. Its primary mission is to provide educational grants, aiming to supplement the core curriculum and benefit students across all grade levels within the Hermosa Beach City School District. By offering these grants, the foundation seeks to enrich the learning experience and contribute to the overall development of the students. The foundation's efforts are instrumental in enriching the educational landscape of Hermosa Beach's public schools, ensuring that students have access to a well-rounded and enriched learning environment.
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Impact
October, 2024
The Hermosa Beach Education Foundation significantly enhances the educational landscape of Hermosa Beach public schools by promoting investment and providing critical educational grants. These grants are designed to supplement the core curriculum, ensuring that students at all grade levels receive enriched learning experiences. By addressing the diverse needs of the Hermosa Beach City School District, the foundation plays a vital role in fostering innovation and excellence in education, ultimately benefiting the entire community.
This information is meant to be a general summary of Hermosa Beach Education 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 2022.
- Investment Income: $67,118
- Gross Receipts: $1,538,732
Assets and Liabilities:
- Total Assets: $4,053,979
- Total Liabilities: $1
- Net Assets: $4,053,978
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Organization Details
Phone
(310) 372-1785Principal Officer
Erin Smith
Main Address
PO BOX 864, HERMOSA BEACH, CA, 90254
Website
www.hbef.orgNTEE Category
Code: Z99Z - Unknown
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