Edgerton Area Foundation Inc
- Assets
- $2.5m
- Revenue
- $43.9k
- Investments
- $1.3m
- Employees
- 3
- Location
- Edgerton, OH
- Founding
- 12/1993
- Data as of
- 06/2022
- EIN
- 34-1593384
Organization Overview
Edgerton Area Foundation Inc is located in Edgerton, OH. The organization was established in 1993. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Edgerton Area Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edgerton Area Foundation Inc 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, Edgerton Area Foundation Inc generated $43.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $100.4k during the year ending 06/2022. While expenses have increased by 11.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
TO SUPPORT CHARITABLE ORGANIZATIONS IN THE EDGERTON AREA. THIS CAN INCLUDE EDUCATIONAL, RELIGIOUS, SCIENTIFIC AND OTHER CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS TO EDGERTON AREA STUDENTS.
CASH DONATIONS TO EDGERTON AREA NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Dietsch Vice Preside | OfficerTrustee | 1 | $0 |
Matt Elden Treasurer | OfficerTrustee | 1 | $0 |
Andy Farnham President | OfficerTrustee | 1 | $0 |
Shea Walkup Director | Trustee | 1 | $0 |
Kelly Wilhelm Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,145 |
| Investment income | $47,448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$72,332 |
| Net Income from Fundraising Events | $11,356 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $40,550 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $13,126 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,350 |
| Office expenses | $1,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,000 |
| 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 | $1,603 |
| All other expenses | $0 |
| Total functional expenses | $100,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,528 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $987,440 |
| Investments—other securities | $1,345,637 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,484,605 |
| Accounts payable and accrued expenses | $0 |
| 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 | $328 |
| Total liabilities | $328 |
| Net assets without donor restrictions | $100,066 |
| Net assets with donor restrictions | $2,384,211 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,484,277 |
Grants Awarded
Over the last fiscal year, Edgerton Area Foundation Inc has awarded $26,635 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EDGERTON LOCAL SCHOOLS PURPOSE: TRACK RENOVATION | $16,635 |
VILLAGE OF EDGERTON PURPOSE: SUMMER RECREATION | $10,000 |