The Epic Foundation Inc
- Assets
- $80.0k
- Revenue
- $162.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Pembroke Pines, FL
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 46-5344583
Organization Overview
The Epic Foundation Inc is located in Pembroke Pines, FL. The organization was established in 2015. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 12/2023, Epic Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Epic 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 12/2023, Epic Foundation Inc generated $162.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $187.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ON-GOING SUPPORT FOR UNDERSERVED STUDENTS IN TODAY'S EVOLVING EDUCATION SYSTEM BY WAY OF SCHOLARSHIP, MENTORSHIP AND CAREER PATHWAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS AND FINANCIAL AID TO UNDERSERVED STUDENTS THROUGHOUT SOUTH FLORIDA VIA OUR SCHOLARSHIP, MENTORSHIP AND CAREER PATHWAY PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew J Donaldson President | OfficerTrustee | 60 | $60,000 |
Marlon E Bryan Director | OfficerTrustee | 5 | $0 |
Karel Gomez Director | Trustee | 0.5 | $0 |
Sean Delaney Director | Trustee | 0.5 | $0 |
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 | $60,683 |
| Noncash contributions included in lines 1a–1f | $1,699 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,683 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $101,521 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $162,204 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,744 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,077 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,569 |
| Payroll taxes | $6,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $500 |
| Advertising and promotion | $11,920 |
| Office expenses | $12,203 |
| Information technology | $5,049 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,673 |
| 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 | $3,378 |
| Total functional expenses | $187,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,564 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $55,000 |
| Accounts receivable, net | $1,000 |
| 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 | $1,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $79,964 |
| Accounts payable and accrued expenses | $2,227 |
| Grants payable | $3,500 |
| 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 | $5,727 |
| Net assets without donor restrictions | $74,237 |
| 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 | $79,964 |