SAN MATEO-FOSTER CITY COMMUNITY ED… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

KARINA WILHELMS

Phone

6503127235

Tax Period

2024-07-01 to 2025-06-30

SAN MATEO-FOSTER CITY COMMUNITY EDUCATION FOUNDATION, founded in 1989, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $938K in total revenue in fiscal year 2024. The organization ran a surplus of $188K, a strong 20% operating margin.

Mission

THE FOUNDATION IS COMMITTED TO REACHING EVERY CHILD IN THE SAN MATEO FOSTER CITY SCHOOL DISTRICT. A STRONG SCHOOL DISTRICT DOES MORE THAN JUST SUPPORT THE CHILDREN IN ITS CARE, IT IMPACTS THE ENTIRE COMMUNITY. A STRONG SCHOOL DISTRICT PRODUCES A SMART AND MOTIVATED SUPPLY OF WORKERS, AND BENEFITS THE LOCAL ECONOMY, SUSTAINING LOCAL BUSINESSES AND PROPERTY PRICES. WE ARE COMMITTED TO REACHING OUT TO OUR GREATER COMMUNITY, RAISING AWARENESS OF THE VALUE OF SUPPORTING LOCAL SCHOOLS TO THOSE OUTSIDE OF THE IMMEDIATE PARENT BASE. WE BELIEVE SO STRONGLY IN THIS THAT SEVERAL MEMBERS OF THE BOARD ARE DEVOTED ENTIRELY TO OUTREACH, BOTH WITHIN THE SCHOOL DISTRICT AND OUTSIDE TO THE CORPORATIONS AND BUSINESSES THAT RELY ON OUR BUSINESS AND THE WORKFORCE THAT THIS DISTRICT IS CREATING.

Program Service Accomplishments

Program 1

Expenses: $642,309

THROUGH GENEROUS CONTRIBUTIONS FROM CORPORATIONS, PARENTS, AND THE COMMUNITY, THE SMFC EDUCATION FOUNDATION IS ABLE TO HELP FUND:- MUSIC EDUCATION AT EVERY ELEMENTARY SCHOOL- AFTER-SCHOOL ATHLETICS AT OUR MIDDLE SCHOOLS- SCHOLARSHIPS FOR UNDER PRIVILEGED CHILDREN TO AID THEM IN THEIR EDUCATION AND MOVE TOWARDS ATTENDING COLLEGE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $947,824

Program Service Revenue $0

Investment Income $6,719

Other Revenue $-16,568

TOTAL REVENUE $937,975

Expense Breakdown

Grants Paid $635,000

Salaries & Benefits $89,198

Fundraising Expenses $0

Program Expenses $642,309

Other Expenses $25,526

TOTAL EXPENSES $749,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$937,975	$958,157	0.0%
Expenses	$749,724	$978,503	-0.2%
Net Income	$188,251	$-20,346	-10.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$8,000

Total Directors

$25,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENEL LIM	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHRISTINA OGBURN-CHOW	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KATHERINE JUNUS	TREASURER	0.50	Officer Director	$0	$0	$0
MARKESHA TATUM	SECRETARY	0.50	Officer Director	$0	$0	$0
NANCY BUI	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH COLGLAZIER	DIRECTOR	0.50	Director	$0	$0	$0
LAUREN CUMMINGS	DIRECTOR	0.50	Director	$0	$0	$0
NICCOLINA MANGROO	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTIAN RUBALCABA	DIRECTOR	0.50	Director	$0	$0	$0
COLLEEN SULLIVAN	DIRECTOR/INTERIM ED (PART-YEAR)	0.50	Director	$25,400	$0	$25,400
SAJITHA VINOD	DIRECTOR	0.50	Director	$0	$0	$0
MARIANNE WALLACE	DIRECTOR	0.50	Director	$0	$0	$0
KARINA WILHELMS	EXECUTIVE DIRECTOR	40.00	Officer	$8,000	$0	$8,000

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	$937,975	$749,724	$332,258	$188,251
2024	$958,157	$978,503	$144,007	$-20,346
2023	$574,988	$669,280	$164,353	$-94,292
2022	$1,146,270	$1,272,265	$258,645	$-125,995
2021	$1,005,313	$869,266	$384,640	$136,047
2020	$1,314,335	$1,356,253	$248,452	$-41,918
2019	$564,551	$422,250	$290,312	$142,301
2018	$351,125	$364,887	$148,011	$-13,762

SAN MATEO-FOSTER CITY COMMUNITY EDUCATION FOUNDATION