Overview
What is Santa Monica Education Foundation?
The Santa Monica Education Foundation is a community-driven nonprofit organization situated in Santa Monica, California. Its primary mission is to foster a rich and varied educational environment for all students enrolled in the Santa Monica Public Schools. They achieve this by raising funds, thereby enhancing and supplementing the existing curriculum in every public school within the city. John Baracy oversees the foundation's operations and activities. The Santa Monica Education Foundation's initiatives aim to enrich the educational experiences of its students, ultimately contributing to their overall development.
Official website here: www.smedfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 87% - Three-Star out of Four Star rating
The Santa Monica Education Foundation has received an 87% score, indicating a strong performance in terms of accountability and finance. This score reflects a commitment to transparency and effective financial management, with no material diversion of assets reported and comprehensive policies in place, such as a conflict of interest and whistleblower policy.
Strengths of the organization include a high program expense ratio of 71.68%, indicating that a significant portion of funds is directed toward its programs. Additionally, the foundation has demonstrated exceptional fundraising efficiency, costing just $0.12 to raise a dollar, and maintaining a solid working capital ratio of 4.70 years, which suggests long-term financial stability.
While the organization excels in many areas, it may benefit from expanding its focus beyond financial metrics to enhance its overall impact and community engagement. Continued emphasis on program effectiveness and outreach could further strengthen its reputation and provide greater benefits to the educational community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Santa Monica Education Foundation legitimate?
Santa Monica Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Monica 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: $155,374
Professional Fundraising Fees: $0
Other Salaries and Wages: $308,739
For more financial information, click here
Official website here: www.smedfoundation.org
What is the mission statement of Santa Monica Education Foundation?
The Santa Monica Education Foundation's mission is centered around engaging the community to financially support an enriching educational experience for all students in the Santa Monica Public Schools. By raising funds, the foundation works towards enhancing and supplementing the curriculum of each public school in the city, aiming to provide a well-rounded educational journey for its students.
Official website here: www.smedfoundation.org
Who is the CEO of Santa Monica Education Foundation?
John Baracy is the President of Santa Monica Education Foundation.
Official website here: www.smedfoundation.org
What is the revenue of Santa Monica Education Foundation?
Santa Monica Education Foundation's revenue in 2022 was $3,188,128.
Official website here: www.smedfoundation.org
Who are the executives of Santa Monica Education Foundation and what are their salaries?
There 23 volunteers at Santa Monica Education Foundation.
Here are 18 key members and their salaries:
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Official website here: www.smedfoundation.org
Where can I find the form 990 for Santa Monica Education Foundation?
Santa Monica Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.smedfoundation.org
Learn more at the official website: www.smedfoundation.org
Mission Statement of Santa Monica Education Foundation
The Santa Monica Education Foundation, in its mission, aims to engage the community in investing in a vibrant educational experience for all students within the Santa Monica Public Schools. By raising funds, this nonprofit organization works to enhance and supplement the curriculum of each public school in the city, thereby enriching the learning journey for every student. The Santa Monica Education Foundation's mission is centered around enhancing the quality of education and providing additional resources to ensure a well-rounded curriculum for the students.
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Impact
July, 2024
Santa Monica Education Foundation's impact can be seen in the enhanced and supplemented curriculum of every public school in Santa Monica. Their fundraising efforts have enabled a vibrant educational experience for all students in the Santa Monica Public Schools, ensuring that the community's investment directly benefits the quality of education provided to students.
This information is meant to be a general summary of Santa Monica 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: $125,206
- Gross Receipts: $11,368,282
Assets and Liabilities:
- Total Assets: $12,315,563
- Total Liabilities: $281,966
- Net Assets: $12,033,597
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Organization Details
Founding Year
1982
Phone
(310) 396-4557Principal Officer
John Baracy
Main Address
1717 4TH ST 132, SANTA MONICA, CA, 90401
Website
www.smedfoundation.orgNTEE Category
Code: B80 - Education
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