Edison Foundation
- Assets
- $3.2m
- Revenue
- $421.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Piqua, OH
- Founding
- 06/1993
- Data as of
- 06/2022
- EIN
- 31-1379781
Organization Overview
Edison Foundation is located in Piqua, OH. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edison Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Edison Foundation generated $421.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $329.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE EDISON FOUNDATION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF EDISON STATE COMMUNITY COLLEGE, PIQUA, OHIO. THE FOUNDATION PROMOTES AND SUPPORTS THE PROGRAMS, PRIVATE SCHOLARSHIPS, SERVICES AND CAPITAL IMPROVEMENT PROJECTS OF EDISON COMMUNITY COLLEGE BY SOLICITING, RECEIVING, HOLDING, ADMINISTERING AND APPLYING FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTANCE TO ECONOMICALLY DISADVANTAGED STUDENTS OF EDISON STATE COMMUNITY COLLEGE, TO RUN GRADUATE ACADEMY FOR COMMUNITY LEADERSHIP, TO MANAGE THE COOPERATING COLLECTION - A FREE FUNDING INFORMATION CENTER THAT PROVIDES A CORE COLLECTION OF FOUNDATION CENTER PUBLICATIONS AND A VARIETY OF SUPPLEMENTARY MATERIALS AND SERVICES IN AREAS USEFUL TO GRANTSEEKERS, AND TO PROMOTE THE CAPITAL CAMPAIGN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Doreen Larson College Pres | OfficerTrustee | $0 | |
Dr Richard Hanes Executive Di | OfficerTrustee | $0 | |
Julie Slattery Secretary | OfficerTrustee | $0 | |
J Kathryn Lukey Vice Chair | OfficerTrustee | 1 | $0 |
John Warner Immediate Pa | OfficerTrustee | 1 | $0 |
Dean Weinert Bus Affairs | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $279,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,817 |
| Total Program Service Revenue | $0 |
| Investment income | $72,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,998 |
| Net Income from Fundraising Events | -$31,809 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $421,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $299,671 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,296 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $329,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $302,168 |
| Pledges and grants receivable | $8,052 |
| Accounts receivable, net | $3,614 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,907,783 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,221,617 |
| Accounts payable and accrued expenses | $22,403 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,403 |
| Net assets without donor restrictions | $1,451,835 |
| Net assets with donor restrictions | $1,747,379 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,221,617 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Edison Foundation has recieved totaling $20,567.
| Awarding Organization | Amount |
|---|---|
Piqua Community Foundation Piqua, OH PURPOSE: EDUCATION | $20,567 |
Endowment Analysis
| Beg. Balance | $211,759 |
| Ending Balance | $211,759 |
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