2019-20 Financial Overview
$736,675 GIVEN TO OUR SCHOOLS IN 2018-19
The SchoolPower Endowment Fund is a separate charitable foundation that complements SchoolPower. It advances the same goals by providing a reliable, long-term income stream for the present and future of Laguna Beach schools.
These figures represent actual revenue and expenses through June 15, 2019 and projected revenue and expenses through the end of the fiscal year on June 30, 2019. Updated financials will be posted online.
SchoolPower is proud to state that 100% of our operating expenses are used in direct support of our mission to enrich the education of all children in the Laguna Beach Unified School District.
|SOURCE OF FUNDS*||$||%|
|Wave of Giving Campaign||480,698||51%|
|Dinner Dance (includes Building Your Future Self Fund-a-Need)||218,753||23%|
|Business Support (includes Business Alliance, Real Estate Honor Roll & Directory)||73,228||8%|
|3 Clubs Barefoot Canyon Classic & BBQ||60,500||6%|
|Chef Challenge X||10,916||1%|
|Payroll (1 full-time staff member & 3 part-time staff)||150,192||78%|
|Adminstrative Expenses (rent, ultilties, insurance, office supplies)||30,821||16%|
|Marketing and PR||11,372||6%|
|NET INCOME BEFORE DISTRIBUTIONS||758,771|
|Annual Gift to LBUSD||307,200||42%|
|Fund-a-Need: Building Your Future Self||175,850||24%|
|Designations to Teachers, School Programs and Boosters||142,175||19%|
|Allocations to Endowment Fund||112,578||15%|
*Revenue is net of Event and Campaign direct expenses.