Overview
What is Las Lomitas Education Foundation?
The Las Lomitas Education Foundation is a nonprofit organization situated in Menlo Park, California. Its primary goal is to bridge the financial gap between the funds obtained from property taxes and the actual cost of delivering a high-quality education within the Las Lomitas School District. This district is renowned for its high performance among state-ranked districts, making it a crucial provider of top-notch education for local children. Due to the escalating costs of providing such education, the property tax base only covers approximately three-quarters of the current education provision expenses. Consequently, the Las Lomitas Education Foundation serves as a vital source of funding, enabling the district to maintain its current level of commitment to academic excellence. With a small team of dedicated individuals, this foundation plays a significant role in supporting the Las Lomitas School District.
Official website here: www.llef.org
Is Las Lomitas Education Foundation legitimate?
Las Lomitas Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Las Lomitas 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $136,945
For more financial information, click here
Official website here: www.llef.org
What is the mission statement of Las Lomitas Education Foundation?
The Las Lomitas Education Foundation's mission is centered around raising funds to bridge the gap between the escalating expenses of top-tier education and the limited funding available from public sources in the Las Lomitas School District. Given the district's reputation as one of the highest-performing in the state, its residents heavily rely on it for providing quality education to their children. However, the property tax base only covers roughly three-quarters of the current education provision costs at the district. As a result, the Las Lomitas Education Foundation serves as a crucial source of funding, enabling the district to maintain its current level of operations and educational standards.
Official website here: www.llef.org
Who is the CEO of Las Lomitas Education Foundation?
Dan Bergeron is the Executive Director of Las Lomitas Education Foundation.
Official website here: www.llef.org
What is the revenue of Las Lomitas Education Foundation?
Las Lomitas Education Foundation's revenue in 2022 was $1,478,780.
Official website here: www.llef.org
Who are the executives of Las Lomitas Education Foundation and what are their salaries?
The average compensation at Las Lomitas Education Foundation during 2022 was $136,945. There is 1 employee and 11 volunteers at Las Lomitas Education Foundation.
Here are 12 key members and their salaries:
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Official website here: www.llef.org
Where can I find the form 990 for Las Lomitas Education Foundation?
Las Lomitas Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.llef.org
Learn more at the official website: www.llef.org
Mission Statement of Las Lomitas Education Foundation
The Las Lomitas Education Foundation's mission is centered around raising funds to bridge the gap between the escalating costs of high-quality education and the existing public funding for the Las Lomitas School District. This nonprofit organization plays a crucial role in compensating for the shortfall, as the funding from property taxes and other sources only cover about three-quarters of the current provision of education in the district. The Las Lomitas School District is renowned for its high performance, and the community relies on it to deliver top-notch education to their children. Therefore, the Las Lomitas Education Foundation is an essential source of funding for the district to continue its work at its current level.
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Impact
October, 2024
Las Lomitas Education Foundation plays a crucial role in enhancing the educational experience within the Las Lomitas School District by raising essential funds to bridge the financial gap left by property tax revenues. While the district is known for its high performance—ranking among the top in the state—funding from property taxes and other sources only covers approximately three-fourths of the total cost needed for a comprehensive, high-quality education.
Without the support provided by this foundation, the schools may struggle to maintain their standards, potentially impacting the quality of education that the community relies on for their children. By addressing the funding shortfall, the foundation ensures that resources for teachers, educational programs, and student services remain robust, fostering an enriching environment that benefits all students in the district. This commitment not only supports immediate educational needs but also contributes to the long-term success and reputation of the Las Lomitas School District as a leader in education.
This information is meant to be a general summary of Las Lomitas 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: $1,301
- Gross Receipts: $1,647,420
Assets and Liabilities:
- Total Assets: $1,448,109
- Total Liabilities: $1,290,000
- Net Assets: $158,109
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Organization Details
Founding Year
1984
Phone
(408) 390-3952Principal Officer
Dan Bergeron
Main Address
PO BOX 7282, MENLO PARK, CA, 94026
Website
www.llef.orgNTEE Category
Code: B12 - Education
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