Bay Education Fund

Nonprofit profile at a glance

EIN
874788862
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Oakland, CA, USA
Phone
6502040575
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$5,709,979
Expenses
$5,780,303
Assets
$3,642,793
Liabilities
$414,451

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Tammy Crown (President)

Highest reported compensation

  • Paul Keys (Managing Partner): $328,672 total reported compensation
  • Ash Solar (SecretaryPartner): $268,550 total reported compensation
  • Nicole Williams Browning (Partner): $205,724 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Build a community investment fund that catalyzes local movements and transforms district capacity by bringing together families, communities, teachers, district leaders, and philanthropy to co-design a vision for students and implement proven solutions for change in schools.

What it reported doing in 2024

South San Francisco: In close partnership with South San Francisco Unified School District and community leaders, crafted a comprehensive strategy to make the communitys student vision a reality. The board adopted this strategy with enthusiastic support from the community, and the district has aligned its goals, budget, and staffing resources to the plan. We continue supporting the strategic plans goals through capacity building and partnerships with best-in-class providers who are transforming instruction to be high-quality and student-centered. We continued to train and support family leaders who provided critical input to the strategic plan.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 82% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 87
  • Accountability: 71
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.6%; rating input score 79
  • Program expense ratio: 77.6%; rating input score 78
  • Fundraising efficiency: $24.63 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.2%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 18.3%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 81.1% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 50.3% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 51.8% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 78.6% of revenue deployed · 77.6% of spending went to programs
  • Governance: 2 of 4 board members independent · 8 of 8 filing controls reported
  • Programs: 5 filed program accomplishments · $4.5M in reported program spending
  • Leadership: top reported pay $329K · 7 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $792K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Independent voting board scored 50/100.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.