Overview
What is Manhattan Beach Education Foundation Endowment Fund?
The Manhattan Beach Education Foundation Endowment Fund is a nonprofit organization situated in Manhattan Beach, California, at 325 S Peck Ave. Its mission is to raise, receive, invest, and administer funds to support services and specific programs for the Manhattan Beach Education Foundation, ultimately enhancing the quality of public education in the area for future generations. By providing a continuous and sustainable funding source, the Endowment Fund aims to expand and improve the educational programs offered by the Manhattan Beach Unified School District.
Official website here: www.endowment.mbef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating.
The Manhattan Beach Education Foundation Endowment Fund has achieved an exceptional rating of 100%, reflecting its strong commitment to accountability and finance. This rating is derived entirely from its performance in financial transparency and governance practices, which have led to a perfect score in various metrics, including independent board membership and financial oversight.
Key organizational strengths include a fully independent board, with all members meeting the criteria for independence, and a high program expense ratio of 92.03%, indicating that a significant portion of its funds is directed towards its educational programs. Additionally, the foundation has robust policies in place for conflict of interest, whistleblowing, and document retention, further demonstrating its dedication to ethical management.
There are no notable limitations reported in the data, as the foundation appears to maintain a strong financial health with a low liabilities-to-assets ratio of 0.27%. Overall, the Manhattan Beach Education Foundation Endowment Fund stands out as a highly rated nonprofit that prioritizes transparency and effective use of resources for educational purposes.
This AI summary has been generated from information found on Charity Navigator.
Is Manhattan Beach Education Foundation Endowment Fund legitimate?
Manhattan Beach Education Foundation Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manhattan Beach Education Foundation Endowment Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.endowment.mbef.org
What is the mission statement of Manhattan Beach Education Foundation Endowment Fund?
The Manhattan Beach Education Foundation Endowment Fund's mission is to provide a continuous and sustainable funding source, ensuring the enhancement and improvement of public education in the long term. By raising, receiving, investing, and administering funds, the organization aims to supply supportive services and fund specific programs, ultimately benefiting the Manhattan Beach Education Foundation and subsequently, the educational programs within the Manhattan Beach Unified School District. The primary goal is to expand and enhance the quality of education, securing its benefits for future generations.
Official website here: www.endowment.mbef.org
Who is the CEO of Manhattan Beach Education Foundation Endowment Fund?
Mike Duckworth is the President of Manhattan Beach Education Foundation Endowment Fund.
Official website here: www.endowment.mbef.org
What is the revenue of Manhattan Beach Education Foundation Endowment Fund?
Manhattan Beach Education Foundation Endowment Fund's revenue in 2022 was $1,901,786.
Official website here: www.endowment.mbef.org
Who are the executives of Manhattan Beach Education Foundation Endowment Fund and what are their salaries?
There 10 volunteers at Manhattan Beach Education Foundation Endowment Fund.
Here are 9 key members and their salaries:
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- Related: $142,800
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- Related: $117,325
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Official website here: www.endowment.mbef.org
Where can I find the form 990 for Manhattan Beach Education Foundation Endowment Fund?
Manhattan Beach Education Foundation Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.endowment.mbef.org
Learn more at the official website: www.endowment.mbef.org
Mission Statement of Manhattan Beach Education Foundation Endowment Fund
The Manhattan Beach Education Foundation Endowment Fund serves a vital role in providing a continuous and sustainable funding source for the Manhattan Beach Education Foundation. This endowment's mission is to enhance and expand the quality of public education in Manhattan Beach, ensuring its benefits for future generations. The organization achieves this by raising, receiving, holding, investing, and administering funds and properties. These funds are then utilized to provide supportive services and finance specific programs, benefiting the Manhattan Beach Education Foundation and subsequently, the educational programs of the Manhattan Beach Unified School District. By doing so, the Manhattan Beach Education Foundation Endowment Fund plays a significant role in supporting and improving the educational experience for the community's students.
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Impact
July, 2024
The impact of the Manhattan Beach Education Foundation Endowment Fund is significant in enhancing the quality of public education in Manhattan Beach now and for generations to come. By providing a sustainable funding source to the Manhattan Beach Education Foundation, the endowment fund helps expand and improve educational programs within the Manhattan Beach Unified School District. This support contributes to the overall advancement of educational opportunities for students, teachers, and the community as a whole, ensuring a lasting impact on the quality of public education in the area.
This information is meant to be a general summary of Manhattan Beach Education Foundation Endowment Fund. 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: $782,552
- Gross Receipts: $3,252,319
Assets and Liabilities:
- Total Assets: $21,812,360
- Total Liabilities: $65,000
- Net Assets: $21,747,360
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Organization Details
Founding Year
2011
Phone
(310) 303-3342Principal Officer
Mike Duckworth
Main Address
325 S PECK AVE, MANHATTAN BEACH, CA, 90266
Website
www.endowment.mbef.orgNTEE Category
Code: B12 - Education
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