Overview
What is San Marino Schools Foundation?
The San Marino Schools Foundation (SMSF) is a long-standing nonprofit organization based in San Marino, California. Established in 1980, its primary objective is to provide financial assistance to the San Marino Unified School District, supporting four schools: KL Carver Elementary School, Valentine Elementary School, Henry E. Huntington Middle School, and San Marino High School. In the 2021-2022 academic year, SMSF successfully raised over $2.5 million to aid in employing 20 dedicated teachers. This foundation plays a crucial role in bolstering educational resources within the San Marino community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
The San Marino Schools Foundation has received a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization's score is solely derived from its Accountability & Finance score of 90%, reflecting its commitment to transparency and responsible management of resources.
Strengths highlighted in the data include a fully independent board with 21 members, stringent policies in place regarding conflicts of interest and whistleblowing, and no material diversion of assets. The foundation also demonstrates strong financial ratios, with an impressive program expense ratio of 95.19%, ensuring that a significant portion of funds directly supports its educational initiatives.
However, while the foundation excels in accountability and financial management, there are no detailed insights into its specific programs or outcomes. This could be an area for potential improvement, as stakeholders may benefit from understanding the impact of the foundation's work in the community.
This AI summary has been generated from information found on Charity Navigator.
Is San Marino Schools Foundation legitimate?
San Marino Schools Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Marino Schools 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: $79,073
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,038
For more financial information, click here
What is the mission statement of San Marino Schools Foundation?
The San Marino Schools Foundation (SMSF) is committed to providing financial assistance to the San Marino Unified School District for its four schools: KL Carver Elementary School, Valentine Elementary School, Henry E. Huntington Middle School, and San Marino High School. The organization's primary goal is to support full-time teachers within these schools. In the 2021-2022 academic year, SMSF managed to raise over $2.5 million to aid in this mission. The funds raised by SMSF contribute significantly to the educational experiences of students within these schools.
What is the revenue of San Marino Schools Foundation?
San Marino Schools Foundation's revenue in 2024 was $2,289,924.
Who are the executives of San Marino Schools Foundation and what are their salaries?
The average compensation at San Marino Schools Foundation during 2024 was $33,037. There are 3 employees and 33 volunteers at San Marino Schools Foundation.
Here are 27 key members and their salaries:
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Where can I find the form 990 for San Marino Schools Foundation?
San Marino Schools Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of San Marino Schools Foundation
The San Marino Schools Foundation, established in 1980, is a California-based non-profit organization with a mission to provide financial aid to the San Marino Unified School District. This mission primarily focuses on supporting its four schools, including KL Carver Elementary School, Valentine Elementary School, Henry E. Huntington Middle School, and San Marino High School. The foundation's primary role is to assist in maintaining the educational standards by funding full-time teachers for these institutions. In the 2021-2022 academic year, the San Marino Schools Foundation successfully raised over $2.5 million to contribute to this cause. This funding not only ensures the availability of qualified educators but also plays a significant role in enhancing the educational experience for the students enrolled in these schools.
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Impact
July, 2024
San Marino Schools Foundation's impact is significant in supporting the San Marino Unified School District by providing financial assistance to its four schools: KL Carver Elementary School, Valentine Elementary School, Henry E. Huntington Middle School, and San Marino High School. In the 2021-2022 academic year, SMSF raised over $2.5 million, which helped fund 20 full-time teachers. This contribution directly enhances the quality of education for students in these schools, ensuring they receive the necessary resources and support for their academic success. SMSF's dedication to supporting education underscores its commitment to the advancement of students and the community as a whole.
This information is meant to be a general summary of San Marino Schools 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 2024.
- Investment Income: $101,710
- Gross Receipts: $2,289,924
Assets and Liabilities:
- Total Assets: $4,976,220
- Total Liabilities: $9,277
- Net Assets: $4,966,943
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Organization Details
Founding Year
1980
Principal Officer
Allison Moller
NTEE Category
Code: B120 - Education
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