EIN 45-3552314

Manhattan Beach Education Foundation Endowment Fund (MBEF)

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2011
Most recent tax filings
2022-06-01
Description
The Manhattan Beach Education Foundation Endowment provides a means for schools, individuals and businesses to work together to help children achieve their potential in an increasingly complex, interesting and challenging world by providing resources for a broad, engaging curriculum beyond what can be offered through public funding. The goal of the MBEF Endowment is to protect Manhattan Beach public schools from the erratic fluctuations of state funding, budget cuts and other economic realities by creating a long-term, stable and secure form of funding.
Total revenues
$1,901,786
2022
Total expenses
$1,249,613
2022
Total assets
$21,812,360
2022
Num. employees
0
2022

Program areas at MBEF

The organization's mission is to raise, receive, hold, invest, and administer funds and property so received, and to make expenditures therefrom to supply supportive service and Fund specific programs for the benefit of the Manhattan Beach Education Foundation and in turn, the educational programs of the Manhattan Beach unified school district.

Grants made by MBEF

GranteeGrant descriptionAmount
Manhattan Beach Education Foundation (MBEF)K-12 Educational Support$1,141,702

Who funds Manhattan Beach Education Foundation Endowment Fund (MBEF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Manhattan Beach Education Foundation (MBEF)Annual Contribution To Endowment Fund$984,408
American Online Giving FoundationGeneral Support$17,243
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$9,000
...and 1 more grant received

Personnel at MBEF

NameTitleCompensation
Rich WeissChief Investment Officer / Chief Information Officer$0
Hilary MahanExecutive Director$0
David BrennanDirector of Development and Partnership$0
Mike DuckworthPresident$0
Mitchell OzawaTreasurer$0
...and 4 more key personnel

Financials for MBEF

RevenuesFYE 06/2022
Total grants, contributions, etc.$1,119,234
Program services$0
Investment income and dividends$472,838
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$309,714
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,901,786

Form 990s for MBEF

Fiscal year endingDate received by IRSFormPDF link
2020-062021-04-27990View PDF
2019-062020-10-29990View PDF
2018-062019-08-17990View PDF
2017-062018-10-16990View PDF
2016-062017-09-15990View PDF
...and 5 more Form 990s
Data update history
May 10, 2023
Received grants
Identified 1 new grant, including a grant for $327,164 from Manhattan Beach Education Foundation (MBEF)
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
July 1, 2021
Posted financials
Added Form 990 for fiscal year 2020
June 20, 2021
Received grants
Identified 2 new grant, including a grant for $124,194 from Manhattan Beach Education Foundation (MBEF)
January 11, 2021
Updated personnel
Identified 2 new personnel
Nonprofit Types
School foundationsGrantmaking organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationProvides grantsState / local levelEndowed supportAuction fundraisersTax deductible donationsNo full-time employees
General information
Address
325 S Peck Ave
Manhattan Beach, CA 90266
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
endowment.mbef.org/ 
Phone
(310) 303-3342
Facebook page
MBEFEndowment 
IRS details
EIN
45-3552314
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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