Overview
What is Manhattan Beach Education Foundation?
Manhattan Beach Education Foundation, a community-driven nonprofit organization based in Manhattan Beach, California, aims to augment state funding for educational programs. With a mission to inspire learning, enrich teaching, and promote academic excellence in the public schools of Manhattan Beach, the foundation raises funds to support this cause. Its primary activities involve granting funds to the Manhattan Beach Unified School District, specifically to pay for teachers' and educators' salaries and various academic and enrichment program costs. These grants are distributed across the district's seven schools, serving approximately 5,839 students. With a team of six dedicated individuals, the Manhattan Beach Education Foundation contributes significantly to enhancing education within the community.
Official website here: www.mbef.org
What are the reviews and ratings of this charity?
Charity Navigator has rated the Manhattan Beach Education Foundation with a remarkable Four-Star out of Four Star rating, reflecting an overall score of 100%. This score is based entirely on the charity's Accountability & Finance metrics, indicating exceptional transparency and management of funds. The organization boasts a fully independent board of directors and shows a strong commitment to fiscal responsibility, with no material diversions of assets reported.
Strengths highlighted in the rating include the charity's high program expense ratio of 91.47%, which suggests that most of its expenditures are directed towards its mission rather than administrative costs. Positive indicators such as compliance with conflict of interest and whistleblower policies further bolster its reputation as a financially accountable and well-managed organization.
However, while the foundation excels in financial accountability, it lacks available data on its impact measurement, community culture, and leadership adaptability. This absence does not imply any shortcomings but suggests an area for potential improvement in demonstrating the broader effects of its initiatives. Unfortunately, user reviews from GreatNonprofits could not be fetched to provide additional perspectives.
This AI summary has been generated from information found on Charity Navigator.
Is Manhattan Beach Education Foundation legitimate?
Manhattan Beach Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manhattan 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $146,785
Professional Fundraising Fees: $0
Other Salaries and Wages: $265,024
For more financial information, click here
Official website here: www.mbef.org
What is the mission statement of Manhattan Beach Education Foundation?
The Manhattan Beach Education Foundation serves as a community-driven fundraising organization, supplementing state funding for educational programs that foster learning, enrich teaching, and encourage innovation and academic excellence in public schools. Its primary mission is to provide financial support for teachers' salaries and various academic and enrichment program costs, distributing grants across seven schools serving approximately 5,839 students. The foundation aims to inspire learning and promote educational advancements, enriching the overall educational experience.
Official website here: www.mbef.org
Who is the CEO of Manhattan Beach Education Foundation?
Scott Rosenthal is the President of Manhattan Beach Education Foundation.
Official website here: www.mbef.org
What is the revenue of Manhattan Beach Education Foundation?
Manhattan Beach Education Foundation's revenue in 2022 was $7,912,080.
Official website here: www.mbef.org
Who are the executives of Manhattan Beach Education Foundation and what are their salaries?
The average compensation at Manhattan Beach Education Foundation during 2022 was $68,635. There are 6 employees and 100 volunteers at Manhattan Beach Education Foundation.
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Official website here: www.mbef.org
Where can I find the form 990 for Manhattan Beach Education Foundation?
Manhattan Beach Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mbef.org
Learn more at the official website: www.mbef.org
Mission Statement of Manhattan Beach Education Foundation
The Manhattan Beach Education Foundation, a community-driven organization, is dedicated to raising funds to supplement state funding for educational programs in the Manhattan Beach Unified School District. The foundation's mission is to inspire learning, enrich teaching, and promote innovation and academic excellence in the district's public schools. By providing grants to the school district, the Manhattan Beach Education Foundation supports teachers' and educators' salaries and covers the costs of academic and enrichment programs. These grants are distributed among the district's seven schools, serving approximately 5,839 students. The foundation's efforts aim to enhance the educational experience and foster a conducive learning environment for students in the Manhattan Beach Unified School District.
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Impact
July, 2024
Manhattan Beach Education Foundation's impact is significant in enhancing education within the Manhattan Beach Unified School District. By raising funds to support education in the district, the foundation plays a crucial role in funding teachers' salaries, academic programs, and enrichment activities across the district's seven schools. The foundation's efforts benefit approximately 5,839 students, promoting innovation, academic excellence, and a conducive learning environment. Through community-driven fundraising initiatives, the Manhattan Beach Education Foundation helps inspire learning, enrich teaching, and supplement state funding for the betterment of public schools in Manhattan Beach.
This information is meant to be a general summary of Manhattan 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: $8,748
- Gross Receipts: $8,503,742
Assets and Liabilities:
- Total Assets: $8,671,487
- Total Liabilities: $2,008,765
- Net Assets: $6,662,722
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Organization Details
Founding Year
1983
Phone
(310) 303-3342Principal Officer
Scott Rosenthal
Main Address
325 S PECK AVE, MANHATTAN BEACH, CA, 90266
Website
www.mbef.orgNTEE Category
Code: B20I - Education
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