Bear Valley USD Education Foundation

EIN: 832591755 501(c)(3) Education

Big Bear Lake, CA

Total Revenue
$141,267
Total Expenses
$78,398
Total Assets
$4,015,858
Net Assets
$4,015,858
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
Stephen Foulkes
Phone
9098664631
Tax Period
2024-07-01 to 2025-06-30

Bear Valley USD Education Foundation, founded in 2018, is a small nonprofit in the Education sector that reported $141K in total revenue in fiscal year 2024. The organization ran a surplus of $63K, a strong 45% operating margin.

Mission

Support Bear Valley USD Students by providing supplemental funds for educational programs and creating additional resources for extra curricular activities and resources for students and the community

Program Service Accomplishments

Program 1
Expenses: $70,591

Community members came to the Foundation right after we received the property from the school district and asked that we consider constructing an aquatic center for the community. There was...

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Community members came to the Foundation right after we received the property from the school district and asked that we consider constructing an aquatic center for the community. There was sufficient interest that we formed a working group to study the feasibility. We funded a focused feasibility study which presented the construction and operating costs for several options. The Foundation funded a preliminary design for the selected option and a fundraising study to determine if sufficient donors could be found to fund the construction cost of $45 million. The fundraising consultant attempted to locate donors to finance this amount but were unable to find a lead donor to get the fundraising process going. The Foundation decided the project was financially unfeasible and suspended it pending a lead donor. We have been unable to identify donors and have decided to cancel the program.

Program 2
Expenses: $5,264

We continue to maintain the trail system and have allowed several charity running and biking events to be held. The design of our Youth Sports Complex has been completed along with the environmental...

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We continue to maintain the trail system and have allowed several charity running and biking events to be held. The design of our Youth Sports Complex has been completed along with the environmental review process. A Mitigated Negative Declaration was approved by the School District in December and recorded with the County. The required permits from the County of San Bernardino and the State Department of Forestry and Fire Protection (CalFire) were in the final phase of the approval process at the end of the fiscal year. Construction is expected to begin early in the next fiscal year.

Program 3

Our youth sports complex project will construct three full size baseball/softball fields and seven soccer fields of varying sizes to meet the needs of our local youth sports leagues. The project has...

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Our youth sports complex project will construct three full size baseball/softball fields and seven soccer fields of varying sizes to meet the needs of our local youth sports leagues. The project has completed environmental review and the state permitting process and is under review by the County of San Bernardino for a grading permit. The construction is scheduled to begin in the fall of 2025. The speed at which construction will proceed will depend on donations, both monetary as well as labor and equipment.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $75,000
Program Service Revenue $0
Investment Income $66,267
Other Revenue $0
TOTAL REVENUE $141,267

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $75,855
Other Expenses $78,398
TOTAL EXPENSES $78,398

Year-over-Year Comparison

2024 2023 Change
Revenue $141,267 $140,589 +0.0%
Expenses $78,398 $172,488 -0.5%
Net Income $62,869 $-31,899 -3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
3
Employees
N/A
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$473,735
Total Directors
7
$478,165
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Manuel Marquez Director 2.00
Officer Director
$0 $52,449 $268,524
Jessica Rawlings CFO 2.00
Officer Director
$0 $36,162 $200,781
Jack Roberts Director 2.00
Director
$0 $1,910 $4,430
Stephen Foulkes President 2.00
Officer Director
$0 $1,910 $4,430
Ronald Peavy Director 2.00
Director
$0 $0 $0
David Lawrence Director 2.00
Director
$0 $0 $0
James Miller Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $141,267 $78,398 $4,015,858 $62,869
2024 $140,589 $172,488 $3,952,989 $-31,899
2023 $242,987 $16,301 $3,984,888 $226,686
2022 $46,590 $67,149 $3,647,431 $-20,559
2021 $1,015,449 $31,164 $3,855,755 $984,285
2020 $2,690,264 $4,884 $2,823,305 $2,685,380
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