CABRILLO EDUCATION FOUNDATION

EIN: 942976402 501(c)(3)

HALF MOON BAY, CA

Total Revenue
$309,915
Total Expenses
$415,604
Total Assets
$3,816,149
Net Assets
$3,806,064
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
CA
Principal Officer
STEPHANIE IZZARELLI
Phone
6502867811
Tax Period
2025-01-01 to 2025-12-31

CABRILLO EDUCATION FOUNDATION, founded in 1985, is a small nonprofit that reported $310K in total revenue in fiscal year 2025. Expenses of $416K exceeded revenue, resulting in a 34% operating deficit.

Mission

CEF IS SERVING AS A STUDENT SUCCESS INNOVATION FUND TO PROMOTE NEW, CREATIVE AND POWERFUL INITIATIVES TO IMPROVE STUDENTS' EDUCATION IN OUR COMMUNITY. IT IS AN ADVOCATE FOR AND FUNDS HIGH LEVERAGE PROGRAMS THAT HAVE WELL DEFINED OUTCOMES AND CAN MAKE "BIG IMPACTS" FOR STUDENT SUCCESS. IN COLLABORATION WITH COASTSIDE SCHOOL DISTRICTS, CEF IDENTIFIES CLEAR GOALS, STRATEGIES, AND RESOURCES REQUIRED FOR EACH INITIATIVE TO ACHIEVE RESULTS. THERE ARE SEVERAL MAJOR THEMES FOR CEF BASIC GRANT MAKING AT THIS TIME: - LITERACY (K-3) - COLLEGE AND CAREER READINESS (AVID 6TH - 12TH GRADES, SCIENCE, SOCIAL AND EMOTIONAL WELL BEING) - LEARNING AND ENRICHMENT (INNOVATION GRANTS) GRANTS IN THESE AREAS HAVE FUNDED AND PROMOTED TEACHER PROFESSIONAL DEVELOPMENT AND INFORMATIONAL LIBRARIES THAT SIGNIFICANTLY INCREASE OUR STUDENTS' READING PROFICIENCY BY THE END OF THIRD GRADE. CEF HAS ALSO BEEN ABLE TO EXPAND THE OUTCOME BASED COLLEGE AND CAREER READINESS PROGRAM (AVID) FROM 6TH THROUGH 12TH GRADE. CEF LEV

Program Service Accomplishments

Program 1
Expenses: $314,696

CEF ACHIEVEMENTS FOR 2025 THE CABRILLO EDUCATION FOUNDATION (CEF) FUNDED PROGRAM SERVICES FOR 3,200 CABRILLO UNIFIED SCHOOL DISTRICT STUDENTS COVERING THREE VITAL EDUCATION PILLARS: SCIENCE, MATH...

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CEF ACHIEVEMENTS FOR 2025 THE CABRILLO EDUCATION FOUNDATION (CEF) FUNDED PROGRAM SERVICES FOR 3,200 CABRILLO UNIFIED SCHOOL DISTRICT STUDENTS COVERING THREE VITAL EDUCATION PILLARS: SCIENCE, MATH, AND COLLEGE & CAREER READINESS. IN ADDITION TO SUPPORTING CRITICAL SCHOOL PROGRAMS, CEF ALSO PROVIDED YEARLY TEACHER INNOVATION GRANTS AND COASTSIDE FUTURES STUDENT SCHOLARSHIPS. SCIENCE PROGRAMS: APPROXIMATELY 2000 STUDENTS BENEFITED FROM DEDICATED FACULTY-DIRECTED MONTHLY COLLABORATION TIME TO ASSIST DISTRICT SCIENCE TEACHERS FROM 5TH GRADE TO 12TH GRADE IN BECOMING MODELS AND EXPERTS IN NEXT GENERATION SCIENCE STANDARDS. CEF PARTNERED WITH THE SCHOOL DISTRICT TO PROVIDE 107,000 FOR A 5TH GRADE SCIENCE SPECIALIST POSITION FOR THE 9TH YEAR. WITH THE SUPPORT OF CEF, THE 5TH GRADE SCIENCE TEACHER CONTINUED TO TEACH 5TH GRADE LAB SCIENCE TO APPROXIMATELY 250 STUDENTS AT ALL FOUR ELEMENTARY SCHOOLS. MATH PROGRAM: CEF FUNDING SUPPORTED THE 6TH - 12TH GRADE MATH TEACHERS IN A MONTHLY COLLABORATION, WHICH WAS KEY TO CONTINUE TO ALIGN THE NEW CURRICULUM ADOPTION. COLLEGE & CAREER READINESS: CEF FUNDED THE REAL LIFE LEARNING (RLL) COORDINATOR AND PROGRAM AT HALF MOON BAY HS, WHICH GIVES ALL HIGH SCHOOL STUDENTS OPPORTUNITIES TO EXPLORE CAREER PATHWAYS THROUGH COMMUNITY SERVICE AND WORK-BASED LEARNING. INNOVATION GRANTS: CEF FUNDED 11 INNOVATION GRANTS (1000 EACH) TO TEACHERS WITHIN THE CUSD SCHOOLS. THESE GRANTS ALLOW TEACHERS TO THINK OUTSIDE OF THEIR STANDARD CURRICULUM. FOR EXAMPLE, FUNDING PROVIDES ENGAGING MATERIALS FOR THE 5TH GRADE SCIENCE CURRICULUM, EDUCATIONAL GAMES & SUPPLIES TO HELP DEVELOP BASIC STEM SKILLS, AND A HORSE CLASS FOR THE STUDENTS AT PILARCITOS, THE CUSD ALTERNATIVE HIGH SCHOOL. COASTSIDE FUTURES/SCHOLARSHIPS: IN 2025, CEF CONTINUED ITS COLLABORATION WITH COLLEGE FUTURES IN THE COASTSIDE FUTURES INITIATIVE. COLLEGE SCHOLARSHIPS FROM 1,000 TO 5,000 WERE GRANTED TO 15 UNDER RESOURCED STUDENTS AT HALF MOON BAY HIGH SCHOOL TO FURTHER THEIR EDUCATION.

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Trantor Score

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $177,564
Program Service Revenue $0
Investment Income $82,339
Other Revenue $50,012
TOTAL REVENUE $309,915

Expense Breakdown

Grants Paid $168,333
Salaries & Benefits $159,443
Fundraising Expenses $44,644
Program Expenses $314,696
Other Expenses $87,828
TOTAL EXPENSES $415,604

Year-over-Year Comparison

2025 2024 Change
Revenue $309,915 $313,951 0.0%
Expenses $415,604 $395,947 +0.0%
Net Income $-105,689 $-81,996 +0.3%
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
4
Independent Members
4
Employees
1
Volunteers
30

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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLAN SMITH PRESIDENT/SE 4.00
Officer
$0 $0 $0
CARRIE BLANTON VICE PRESIDE 4.00
Officer
$0 $0 $0
STEPHANIE IZZARELLI TREASURER 4.00
Officer
$0 $0 $0
JOY DARDENELLE DIRECTOR 4.00
Director
$0 $0 $0
CORRINE BUCHER EXECUTIVE DI 40.00
Highest
$112,750 $0 $112,750
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 $309,915 $415,604 $3,816,149 $-105,689
2024 $313,951 $395,947 $3,514,633 $-81,996
2023 $342,656 $417,534 $3,348,534 $-74,878
2022 $277,376 $405,178 $2,922,310 $-127,802
2022 $277,376 $405,178 $2,922,310 $-127,802
2021 $426,915 $378,437 $3,701,488 $48,478
2020 $264,573 $458,703 $3,286,706 $-194,130
2019 $374,214 $390,204 $2,996,516 $-15,990
2018 $226,339 $318,998 $2,835,970 $-92,659
2018 $228,850 $253,122 $2,813,219 $-24,272
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