2024-07-30T12:55:00-07:00 2023-12-31 954577262 RUSLAN MAGIDOV 1080 S LA CIENEGA BLVD STE 205 LOS ANGELES CA 90035 990 2023-01-01 810631189 EDUCATION ADVANTAGE FOUNDATION CO JOSEPH KILLINGER EDUC 3109438533 11755 WILSHIRE BOULVARD 2380 LOS ANGELES CA 90025 JOSEPH KILLINGER President 2024-07-30 true true RUSLAN MAGIDOV CPA P00539502 3102785004 2023 2024-08-08 14:25:15Z JOSEPH KILLINGER 11755 WILSHIRE BOULVARD 2380 LOS ANGELES CA 90025 0 false X WWW.EDUCATIONADVANTAGE.ORG X 2003 NV EDUCATION ADVANTAGE FOUNDATION IS COMMITTED TO PROVIDING EDUCATIONAL RESOURCES TO YOUTH IN LOW INCOME URBAN AREAS. OUR AFTER-SCHOOL RESOURCE ROOMS PROVIDE OUR KIDS WITH THE TOOLS NECESSARY TO EXCEL ACADEMICALLY AND PROMOTE HIGHER EDUCATION. 7 7 0 8 0 0 0 0 0 0 0 0 0 0 450 60 1920 60 1920 -60 -1920 5794 3874 0 5794 3874 EDUCATION ADVANTAGE FOUNDATION IS COMMITTED TO PROVIDING EDUCATIONAL RESOURCES TO YOUTH IN LOW INCOME URBAN AREAS. OUR AFTER-SCHOOL RESOURCE ROOMS PROVIDE OUR KIDS WITH THE TOOLS NECESSARY TO EXCEL ACADEMICALLY AND PROMOTE HIGHER EDUCATION. false false 1170 AFTER-SCHOOL PROGRAM: THE PROGRAM HAS A 2.5 HOURS/DAY, 4 DAYS A WEEK, FREE AFTER SCHOOL MENTORING AND TUTORING SESSION AT 1 DIFFERENT LOCATION EVERYDAY AFTER SCHOOL. THERE IS 1 LOCATION IN DALLAS. THE PROGRAM INVOLVES A TOTAL OF 46 STUDENTS. THE RESOURCE CENTERS INCLUDE COMPUTERS, A LIBRARY, EDUCATIONAL GAMES, AND ARTS.WE CREATED A SUB-DIVISION FOR EAF CALLED WIRE FOUNDATION FOR WOMEN IN REAL ESTATE. WE PUT TOGETHER MENTORS AND UNDERPRIVELEGED WOMEN THROUGHOUT THE GREATER LOS ANGELES AREA WHO THEN MENTOR THE WOMEN IN THE PROGRAM TO SHOW THEM AND GUIDE THEM TO GETTING STARTED IN THEIR REAL ESTATE CAREER. MENTORED TWO WOMEN IN 2023. 1170 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1 0 true 0 false false false false false false false 0 false false false false false false false X 7 7 false false false false false false false true false false false true true true true true true true true false X CO JOSEPH KILLINGER 3109438533 11755 WILSHIRE BOULVARD 2380 LOS ANGELES CA 90025 X MARK FUCHS Director 0.00 0.00 X 0 0 0 VIVIAN CHOW Director 0.00 0.00 X 0 0 0 DYLAN ELKIN Director 0.00 0.00 X 0 0 0 DAN FAGAN Director 0.00 0.00 X 0 0 0 TODD KLEINFELD Director 0.00 0.00 X 0 0 0 JOSEPH KILLINGER President 15.00 0.00 X 0 0 0 GEORGE PINO Vice President 10.00 0.00 X 0 0 0 0 false false false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1800 1170 180 450 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BANK CHARGE 120 120 0 1920 1170 300 450 5794 3874 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5794 3874 0 0 X 5794 3874 5794 3874 5794 3874 -1920 X false false false X 0 0 0 0 0 0 0 0 0 X 0.00000 Form 990, Part VI, Section B, Line 11b THE RETURN PREPARER EMAILS A COPY OF THE FINAL VERSION OF FORM 990 TO EDUCATION ADVANTAGE FOUNDATION'S PRESIDENT AND DIRECTOR PRIOR TO ITS FILING WITH THE IRS. PRESIDENT AND/OR DIRECTOR MAKE SURE THAT THE RETURN IS FORWARDED TO THE ORGANIZATION'S DESIGNATED TRUSTEES FOR THEIR REVIEW AND APPROVAL. ONCE APPROVED BY THE BOARD, PRESIDENT AND/OR DIRECTOR WILL EMAIL AN ACKNOWLEDGMENT BACK TO THE RETURN PREPARER FOR FINAL PROCESSING AND FILING. Form 990, Part VI, Section B, Line 12c EVERY INDIVIDUAL TRUSTEE AND SENIOR ADMINISTRATOR HAS THE RESPONSIBILITY TO ENSURE THE ENTIRE BOARD IS MADE AWARE OF SITUATIONS THAT INVOLVE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIPS THAT COULD CREATE A REAL OR PERCEIVE A CONFLICT OF INTEREST. THUS, THE BOARD REQUIRES EACH TRUSTEE AND INSTITUTIONAL OFFICER ANNUALLY (A) TO BE FAMILIAR WITH THE TERMS OF THIS POLICY; (B) TO DISCLOSE TO THE BOARD CHAIR ANY POSSIBLE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIPS THAT REASONABLY MIGHT GIVE RISE TO A CONFLICT INVOLVING EDUCATION ADVANTAGE FOUNDATION ("EAF"); AND (C) TO ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT HE OR SHE IS IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THIS POLICY.IN THE EVENT ANY FINANCIAL TRANSACTION INVOLVING EDUCATION ADVANTAGE FOUNDATION ALSO INVOLVES (A) A DIRECTOR, OFFICER, EMPLOYEE OR A MEMBER OF THEIR EXTENDED FAMILY, OR (B) AN ORGANIZATION WITH WHICH ANY DIRECTOR, OFFICER, OR EMPLOYEE OF EAF HAS ANY MATERIAL FINANCIAL INTEREST, THE DIRECTOR, OFFICER, OR EMPLOYEE HAVING THE AFFILIATION OR INTEREST, AT THE FIRST KNOWLEDGE OF THE TRANSACTION, SHALL DISCLOSE FULLY THE PRECISE NATURE OF THE INTEREST OR INVOLVEMENT.EACH BOARD MEMBER, OFFICER, AND EMPLOYEE OF EDUCATION ADVANTAGE FOUNDATION SHALL BE REQUESTED ANNUALLY BY EDUCATION ADVANTAGE FOUNDATION TO SUBMIT A DISCLOSURE STATEMENT LISTING ALL ORGANIZATIONS WITH WHICH HE OR SHE IS AFFILIATED AND DESCRIBING THE NATURE OF THE AFFILIATION. IN THE EVENT THERE IS ANY MATERIAL CHANGE IN THE INFORMATION CONTAINED IN ANY DISCLOSURE STATEMENT, THE PERSON WHO SUBMITTED IT SHALL PROMPTLY SUBMIT WRITTEN NOTIFICATION OF THE CHANGE.A DIRECTOR, OFFICER, OR EMPLOYEE IS DEEMED TO BE AFFILIATED WITH ANY ORGANIZATION THAT MAY BE POTENTIALLY RELATED TO THE FINANCIAL OPERATION OF EDUCATION ADVANTAGE FOUNDATION (A) OF WHICH HE OR SHE, OR A MEMBER OF HIS OR HER FAMILY, IS A DIRECTOR, OFFICER, TRUSTEE, PARTNER, EMPLOYEE, OR AGENT; OR (B) IN WHICH HE OR SHE OR MEMBERS OF HIS OR HER FAMILY RECEIVE DIRECT FINANCIAL BENEFIT FROM SALES OR SERVICES; OR (C) IN WHICH HE OR SHE OR MEMBERS OF HIS OR HER EXTENDED FAMILY HAVE A 35 PERCENT OR GREATER INTEREST.A DIRECTOR OR OFFICER WHO HAS DECLARED OR HAS BEEN FOUND TO HAVE A CONFLICT-OF-INTEREST IN ANY PROPOSED TRANSACTION OR OTHER MATTER SHALL REFRAIN FROM PARTICIPATING IN CONSIDERATION OF THE PROPOSED TRANSACTION OR OTHER MATTER, UNLESS FOR SPECIAL REASONS THE BOARD OF DIRECTORS REQUESTS INFORMATION OR INTERPRETATION FROM THE PERSON OR PERSONS INVOLVED. IN THE CASE OF A DIRECTOR, HE OR SHE SHALL NOT VOTE ON THE MATTER IN QUESTION AND SHALL NOT BE PRESENT AT THE TIME OF THE VOTE. WITH RESPECT TO RESTRAINT ON PARTICIPATION BY STAFF, THE PRESIDENT, OR, WHERE APPLICABLE, THE CHAIR SHALL TAKE SUCH ACTION AS IS NECESSARY TO ASSURE THAT THE TRANSACTION IS COMPLETED IN THE BEST INTERESTS OF EDUCATION ADVANTAGE FOUNDATION WITHOUT THE SUBSTANTIVE INVOLVEMENT OF THE PERSON WHO HAS THE POSSIBLE CONFLICT-OF INTEREST.ANY BOARD MEMBER WHO IS UNCERTAIN ABOUT POSSIBLE CONFLICT-OF INTEREST IN ANY MATTER MAY REQUEST THE EXECUTIVE COMMITTEE TO DETERMINE WHETHER A POSSIBLE CONFLICT EXISTS; THE EXECUTIVE COMMITTEE SHALL RESOLVE THE QUESTION BY MAJORITY VOTE. IF REQUIRED, THE QUESTION OF POTENTIAL CONFLICT MIGHT BE REFERRED TO COUNSEL FOR AN OPINION PRIOR TO THE EXECUTIVE COMMITTEE VOTE. Form 990, Part VI, Section B, Line 15b THIS SIMPLE POLICY DELEGATES RESPONSIBILITY FOR MANAGING THE PERFORMANCE REVIEW AND COMPENSATION DETERMINATION PROCESS TO A COMMITTEE THAT WILL WORK WITH AN EXTERNAL CONSULTANT.THE BYLAWS OF EDUCATION ADVANTAGE FOUNDATION ESTABLISH A COMPENSATION COMMITTEE THAT HAS GENERAL OVERSIGHT OF THE ORGANIZATION'S HUMAN RESOURCE PLAN. SPECIFIC DUTIES INCLUDE YEARLY EVALUATION OF THE CHIEF EXECUTIVE OF THE ORGANIZATION.A COMPETENT SALARY SURVEY IS USED TO BENCHMARK COMPENSATION FOR THE POSITION UTILIZING INDUSTRY- SPECIFIC REPORTS AND OTHER STUDIES. THE COMMITTEE MEETS INDEPENDENT OF THE CHIEF EXECUTIVE TO DISCUSS PERFORMANCE RELATIVE TO THE POSITION DESCRIPTION. DURING THESES DELIBERATIONS, THE COMMITTEE ALSO CONSIDERS INPUT OBTAINED FROM OTHER BOARD MEMBERS, STAFF, PROFESSIONAL ADVISORS, GRANTED RECIPIENTS, AND OTHER INFORMED COMMUNITY LEADERS.ONCE A CONSENSUS IS REACHED REGARDING PERFORMANCE, A SIMILAR DISCUSSION IS HELD CONCERNING COMPENSATION RELATIVE TO ANNUAL BENCHMARK AND ESTABLISHED OBJECTIVES.THE COMMITTEE PRESENTS ITS FINDING AND RECOMMENDATIONS, IN AN EXECUTIVE SESSION WITHOUT THE CHIEF EXECUTIVE PRESENT, TO THE FULL BOARD FOR REVIEW AND APPROVAL. THE COMMITTEE AND/OR THE BOARD CHAIR (A MEMBER OF THE COMMITTEE) THEN MEET WITH THE CHIEF EXECUTIVE TO DISCUSS AND DOCUMENT STRENGTHS, WEAKNESSES, AND GOALS FOR THE UPCOMING YEAR. COMPENSATION FOR THE UPCOMING YEAR IS ALSO DISCUSSED AND DOCUMENTED. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S BYLAWS, FORM 990, AND ANY OTHER FINANCIAL INFORMATION IS PROVIDED TO PUBLIC UPON REQUEST. ORGANIZATION'S POLICIES AND PROCEDURES ARE COMMUNICATED TO ITS EMPLOYEES AND VOLUNTEERS AT LEAST ANNUALLY.