Edison Universe Inc
- Assets
- $1.3m
- Revenue
- $644.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Palos Park, IL
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 45-2703444
Organization Overview
Edison Universe Inc is located in Palos Park, IL. The organization was established in 2012. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Edison Universe Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edison Universe 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 12/2021, Edison Universe Inc generated $644.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $450.2k during the year ending 12/2021. While expenses have increased by 28.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDISON UNIVERSE IS DEDICATED TO FOSTERING, NURTURING, DEVELOPING AND SPONSORING CURRICULUM, EDUCATIONAL PROGRAMS, EVENTS, MEDIA ASSETS, ETC. IN SUPPORT OF INNOVATION AND INNOVATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURRENT ACTIVITIES INCLUDE THE DEVELOPMENT OF AN ON LINE PORTAL THAT WILL PROMOTE AND PROVIDE ACCESS TO A VAST LIBRARY OF LEARNING RESOURCES MADE AVAILABLE BY COMPANIES AND ORGANIZATIONS WHO ARE WINNERS IN AN ANNUAL INNOVATION AWARDS PROGRAM CALLED EDISON AWARDS. THIS CONTENT-RICH RESOURCE WILL BE PROMOTED TO K-12 EDUCATORS AND OTHERS WHO WISH TO INSTILL CURIOSITY AND INNOVATIVE THINKING AMONG THEIR STUDENTS. IN ADDITION, EDISON UNIVERSE WILL SOLICIT INVOLVEMENT OF THESE SAME CORPORATE PARTNERS TO ENGAGE IN HANDS-ON LEARNING ACTIVITIES, MENTORING PROGRAMS AND OTHER OPPORTUNITIES TO BRIDGE INDUSTRY WITH THESE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Bonafilia Treasurer | Officer | 40 | $0 |
Robin Manes Vice President | Officer | 40 | $0 |
Anna Bonafila Secretary | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Aebli Group Sales | 12/30/19 | $161,422 |
Robin Manes Management | 12/30/19 | $119,841 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $40 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $644,311 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $644,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,790 |
| Grants and other assistance to domestic individuals. | $230,765 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,446 |
| Compensation of current officers, directors, key employees. | $57,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,999 |
| 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 | $5,000 |
| All other expenses | $476 |
| Total functional expenses | $450,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,204,773 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $100,000 |
| Other assets | $0 |
| Total assets | $1,304,773 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,304,773 |
| Net assets with donor restrictions | $0 |
| 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 | $1,304,773 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Edison Universe Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Delta Dental Of California San Francisco, CA PURPOSE: 2021 EDISON AWARDS SPONSORSHIP | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
Spencer Foundation Chicago, IL | $670,624,797 | $32,472,140 |
Childrens First Fund The Chicago Public School Foundation Chicago, IL | $26,791,850 | $26,985,163 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |