2025-10-07T16:48:41-05:00 2024-06-30 461171913 SD MAYER & ASSOCIATES LLP 235 MONTGOMERY STREET 26TH FLOOR SAN FRANCISCO CA 94104 990 2023-07-01 941592822 SAN FRANCISCO EDUCATION FUND SANF 4156955400 650 MISSION STREET 3RD FLOOR SAN FRANCISCO CA 94105 ANN WALDEN CEO 4156955400 2025-10-07 1 0 W NOEL MCNABOLA P00181055 4156914040 2025-10-08 2023 2025-03-06 01:10:19Z X X ANN WALDEN 650 MISSION STREET 3RD FLOOR SAN FRANCISCO CA 94105 4698553 0 X WWW.SFEDFUND.ORG X 1964 CA TO EQUIP STUDENTS WITH SKILLS TO SUCCEED IN COLLEGE, CAREER & CIVIC RESPONSIBILITY. 11 11 25 343 0 0 2844224 4083225 0 0 372875 467775 -280047 -264088 2937052 4286912 1135410 250502 0 0 1660267 1527313 0 0 399220 713321 768764 3508998 2546579 -571946 1740333 11317981 12244183 1964811 547848 9353170 11696335 THE EDUCATION FUND MOBILIZES THE COMMUNITY TO SUPPORT EQUITABLE ACCESS TO A QUALITY EDUCATION FOR PUBLIC SCHOOL STUDENTS THROUGH TUTORING AND MENTORING, SCHOLARSHIPS, TEACHER GRANTS, AND CORPORATE SCHOOL ADOPTION. 0 0 963338 248002 THE MAISIN SCHOLAR AWARD PROGRAM OFFERS SCHOLARSHIPS AND COUNSELING TO 75 GRADUATING SENIORS FOR UP TO 4 YEARS OF POST-SECONDARY SCHOOLING. 352284 2500 THE PUBLIC ENGAGEMENT PROGRAM CONTINUES TO ENGAGE COMMUNITY MEMBERS IN ALL 117 SAN FRANCISCO PUBLIC SCHOOLS AS GENERAL VOLUNTEERS, TUTORS, MENTORS AND SUPPORTERS. A SUBSET OF THOSE SCHOOLS IS ALSO INVOLVED IN ITS CORPORATE PARTNERSHIP PROGRAM, CIRCLE THE SCHOOLS, AND RECEIVE GRANTS AS A RESULT. 419899 THE LITERACY PROGRAM WORKS IN 5 HIGH-NEED ELEMENTARY SCHOOLS. IN EACH SCHOOL, THE EDUCATION FUND TRAINS AND PLACES VOLUNTEERS IN CLASSROOMS TO WORK ONE-ON-ONE WITH STUDENTS ON THEIR LITERACY SKILLS. THE EDUCATION FUND SUPPLEMENTS THOSE VOLUNTEERS WITH DIRECT GRANTS TO TEACHERS AND PRINCIPALS FOCUSED ON IMPROVING LITERACY IN THEIR CLASSROOM OR SCHOOL, AND USES DATA ANALYSIS TO IDENTIFY WHICH INDIVIDUAL STUDENTS OR GROUPS OF STUDENTS NEED OUR SUPPORT. 1735521 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 37 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X THE ORGANIZATION 4156955400 650 MISSION STREET 3RD FLOOR SAN FRANCISCO CA 94105 BECKY KARSH PRESIDENT 4.00 X X 0 0 0 RACHEL PATTERSON VICE PRESIDENT 4.00 X X 0 0 0 JOSEPH GHOBRIAL TREASURER 4.00 X X 0 0 0 KATHERINE MITCHELL LADD SECRETARY 4.00 X X 0 0 0 PRASANTH BODA DIRECTOR 4.00 X 0 0 0 KATHRINE GILLESPIE DIRECTOR 4.00 X 0 0 0 ERIC JONES DIRECTOR 4.00 X 0 0 0 CAMELLIA PHAM DIRECTOR 4.00 X 0 0 0 DARIUS WHITE DIRECTOR 4.00 X 0 0 0 LORI BIRNBAUM GALANTE DIRECTOR 4.00 X 0 0 0 JAMES KIM DIRECTOR 4.00 X 0 0 0 SHALU UMAPATHY DIRECTOR 4.00 X 0 0 0 ANNE KAUTH WARREN DIRECTOR 4.00 X 0 0 0 DANIEL DANKER DIRECTOR 4.00 X 0 0 0 STACEY WANG CEO (LEFT AUGUST 2023) 40.00 X 101565 0 325 ANN L WALDEN CEO 40.00 X 78108 0 4477 REBECCA KROLL TALENT & OPERATIONS DIRECT 40.00 X 148417 0 7541 328090 0 12343 2 0 1 0 0 438790 3644435 5264 4083225 416087 416087 200000 148312 51688 51688 51688 0 438790 263329 -263329 -263329 OTHER INCOME 900099 -759 -759 -759 4286912 -759 0 204446 9325 9325 241177 241177 179673 124760 21331 33582 1137664 789965 135061 212638 102922 68387 7362 27173 107054 74739 12713 19602 161771 36748 97166 27857 109003 24761 65472 18770 13163 9358 901 2904 53883 30129 11551 12203 4343 3797 384 162 29931 20210 1535 8186 23063 15320 1538 6205 EQUIPMENT RENTAL 168215 148888 3875 15452 OTHER EXPENSES 77065 22902 50035 4128 SCHOOL SITE FUNDS 74657 75795 -1138 PROGRAM EVENTS 25609 25009 600 28061 14251 2314 11496 2546579 1735521 411838 399220 714288 1191175 1616000 1243471 32150 21415 86098 35840 76079 50258 8879464 9737864 11317981 12244183 204981 149373 226875 1759830 171600 1964811 547848 X 3016361 3067923 6336809 8628412 9353170 11696335 11317981 12244183 1740333 602832 0 X X 0 1 X 1 0 X 1763741 8030412 5960021 2844224 4083225 22681623 1763741 8030412 5960021 2844224 4083225 22681623 7714385 14967238 414412 153327 170024 206899 416087 1360749 366400 355095 12714 15101 -759 748551 24790923 0.60370 0.60580 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 910. 2021 AMOUNT: $ 12,714. 2022 AMOUNT: $ 15,101. 2023 AMOUNT: $ -759. FUNDRAISING EVENTS - 2019 AMOUNT: $ 366,400. 2020 AMOUNT: $ 354,185. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7317723 868626 543498 7642851 7017573 652856 352706 7317723 7598741 -581168 7017573 6554664 2020147 976070 7598741 6831824 -86145 191015 6554664 0.19200 0.41440 0.39360 0 0 86098 35840 50258 50258 MUTUAL FUNDS 9737864 F 9737864 LEASE PAYABLE 18511 OTHER PAYABLE 153089 171600 X 4923073 602832 33329 636161 4286912 0 4286912 2579908 33329 33329 2546579 0 2546579 PART V, LINE 4: THE EDUCATION FUND'S ENDOWMENT INCLUDES TWO DONOR-RESTRICTED ENDOWMENT FUNDS: ONE TO SUPPORT TEACHER GRANTS; AND THE SECOND TO SUPPORT ACTIVITIES DEEMED BY THE BOARD OF DIRECTORS OF THE EDUCATION FUND TO IMPROVE THE QUALITY OF EDUCATION IN SAN FRANCISCO PUBLIC SCHOOLS. A THIRD ENDOWMENT FUND CONSISTS OF RESERVES DESIGNATED BY THE BOARD OF DIRECTORS OF THE EDUCATION FUND TO FUNCTION AS AN ENDOWMENT. PART X, LINE 2: THE EDUCATION FUND IS A NOT-FOR-PROFIT ORGANIZATION, EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S INTERNAL REVENUE CODE (THE CODE), AND CONTRIBUTIONS TO IT ARE TAX DEDUCTIBLE AS PRESCRIBED BY THE CODE. THE EDUCATION FUND IS ALSO EXEMPT FROM CALIFORNIA INCOME TAX UNDER SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE EDUCATION FUND IS GENERALLY NO LONGER SUBJECT TO TAX EXAMINATIONS RELATING TO FEDERAL AND STATE TAX RETURNS FOR YEARS PRIOR TO 2018. THE EDUCATION FUND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) AND HAS BEEN DESIGNATED AS A "PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 170(B)(1)(A)(VI) OF THE CODE. THE EDUCATION FUND ASSESSES ITS ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN ITS FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS. THERE WAS NO MATERIAL IMPACT ON THE EDUCATION FUND'S FINANCIAL STATEMENTS AS A RESULT OF THE ADOPTION OF THIS POLICY. X X 1 JENNIFER BING 5924 FREDRICKS ROAD SEBASTOPOL CA 95472 EVENT PLANNING AND STAFFING 0 27500 0 27500 27500 27500 CA BACK TO SCHOOL GALA 438790 438790 263329 438790 438790 263329 263329 -263329 1 EDUCATOR AND STUDENT GRANTS 52 241177 PART I, LINE 2: GRANTEES OF THE SAN FRANCISCO EDUCATION FUND ARE REQUIRED TO SUBMIT A MID-YEAR AND END-OF-YEAR REPORT TO OUTLINE THEIR ACTIVITIES AND FINANCES RELATED TO THE GRANT. THE FINANCIAL PIECE OF THESE REPORTS INCLUDES SUBMITTING RECEIPTS FOR ALL PURCHASES MADE WITH GRANT FUNDS, AND A TRACKING OF ANY INDIVIDUAL COMPENSATION VIA EITHER STIPEND OR HOURLY WAGE, PAID THROUGH GRANT FUNDS. IF THERE ARE EXPENSES LEFT AT THE END OF THE GRANT PERIOD WE REQUIRE AN EXPLANATION OF HOW THE FUNDS WILL BE SPENT (SUBJECT TO APPROVAL BY SAN FRANCISCO EDUCATION FUND STAFF) AND THE RECEIPTS TO DOCUMENT THOSE FINAL EXPENSES. 0 0 0 0 0 0 0 0 0 REBECCA KROLL TALENT & OPERATIONS DIRECT 148417 0 0 0 0 0 0 0 7541 0 155958 0 0 0 FORM 990 AND SCHEDULES D AND G: AMENDED RETURN EXPLANATION - FORM 990 HAS BEEN AMENDED TO CORRECT THE AMOUNTS LISTED BELOW AS PER THE COMPLETED ANNUAL AUDIT. SCHEDULES D & G ALSO CHANGED ACCORDINGLY. 11 - OTHER REVENUE CHANGED FROM -$255,645 TO -$264,088. 12 - TOTAL REVENUE CHANGED FROM $4,295,360 TO $4,286,912. 15 - SALARIES, OTHER COMPENSATION, EMPLOYEE BENEFITS CHANGED FROM $1,523,921 TO $1,527,313. 16B - TOTAL FUNDRAISING EXPENSES CHANGED FROM $322,924 TO $399,220. 17 - OTHER EXPENSES CHANGED FROM $773,913 TO $768,764. 18 - TOTAL EXPENSES CHANGED FROM $2,548,336 TO $2,546,579. 19 - REVENUE LESS EXPENSES CHANGED FROM $1,747,024 TO $1,740,333. 20 - TOTAL ASSETS CHANGED FROM $12,250,871 TO $12,244,183. 21 - TOTAL LIABILITIES CHANGED FROM $547,845 TO $547,848. 22 - NET ASSETS OR FUND BALANCES CHANGED FROM $11,703,026 TO $11,696,335. FORM 990, PART VI, SECTION B, LINE 11B THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE DIRECTOR OF FINANCE. THE DIRECTOR OF FINANCE FORWARDED THE FORM 990 TO THE MEMBERS OF THE AUDIT COMMITTEE FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING THE FORM 990. THE FORM 990 WAS ALSO SHARED WITH ALL BOARD MEMBERS, WHO ARE ENCOURAGED TO REVIEW THE FORM 990 AND TO FORWARD THEIR QUESTIONS TO THE DIRECTOR OF FINANCE AND/OR THE AUDIT COMMITTEE CHAIR. THE DIRECTOR OF FINANCE, AUDIT COMMITTEE MEMBERS, OR THE ACCOUNTING FIRM ADDRESS THE QUESTIONS FROM THE BOARD. FINALLY, THE BOARD RATIFIES THE AUDIT COMMITTEE'S APPROVAL OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE REQUIRED TO REVIEW AND ACKNOWLEDGE ACCEPTANCE OF THE TERMS AND CONDITIONS OF THE EMPLOYEE HANDBOOK, WHICH INCLUDES THE MOST RECENT VERSION OF THE CONFLICT OF INTEREST POLICY. IN ADDITION, THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND OVERSEES BOARD COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION INCLUDES REVIEW OF COMPENSATION SURVEYS AND SIMILAR FORMS 990. FORMAL APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE IS NEEDED TO DECIDE ON COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS VIA MAIL OR EMAIL UPON REQUEST. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THE MANNER IN WHICH THE ANNUAL AUDIT IS OVERSEEN BY THE AUDIT COMMITTEE.