Epic Foundation Inc
- Assets
- $539.0k
- Revenue
- $948.4k
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-1191096
Organization Overview
Epic Foundation Inc, operating under the name 1, is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, 1 employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1 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 12/2022, 1 generated $948.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, 1 has awarded 44 individual grants totaling $3,425,502. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT DOMESTIC AND FOREIGN CHARITABLE ORGANIZATIONS FOCUSED ON CHILD AND YOUTH WELFARE AND THE DEFENSE OF THE NATURAL ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING - FUNDING FOR CHARITABLE PROGRAMS. THE FOUNDATION PROVIDES CHARITABLE CONTRIBUTIONS TO ORGANIZATIONS THAT HAVE RECEIVED ACCREDITATION FROM THE FOUNDATION. ANY FUNDRAISING THAT OCCURS RELATED TO SUCH CHARITABLE FUNDING IS CONDUCTED BY THE EPIC FOUNDATION ON BEHALF OF THE CHARITABLE ORGANIZATIONS.
COMMUNICATIONS TECHNOLOGIES - SUPPORT CHARITABLE ORGANIZATIONS ADVOCACY AND FUNDRAISING INITIATIVES. COMMUNICATION TECHNOLOGIES ENABLE ORGANIZATIONS TO SUCCESSFULLY ENGAGE THEIR NETWORK OF SUPPORTERS.
MONITORING AND EVALUATION - THE FOUNDATION PROVIDES ONGOING MONITORING AND EVALUATION OF PORTFOLIO ORGANIZATIONS, WHICH INCLUDES A 360 DEGREE ANALYSIS OF IMPACT, OPERATIONS, LEADERSHIP, FINANCE, AND GOVERNANCE. ORGANIZATIONS REPORT TO EPIC FOUNDATION THROUGH QUALITATIVE REPORTING AND QUANTITATIVE IMPACT DATA WHICH IS USED TO ASSESS PERFORMANCE AGAINST ORGANIZATIONAL STRATEGY AND PREDEFINED METRICS OF SUCCESS.
ACCREDITATION - EPIC FOUNDATION ANALYZES AND VALIDATES THE SOCIAL IMPACT, FINANCIAL SUSTAINABILITY, OPERATIONAL EFFICIENCY AND MANAGEMENT QUALITY OF SOCIAL ORGANIZATIONS FOCUSED ON YOUTH WELFARE AND THE DEFENSE OF THE NATURAL ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandre Mars President & CEO | OfficerTrustee | 25 | $0 |
Charles Henri Prevost Secretary, Treasurer | OfficerTrustee | 1 | $0 |
Florence Mars Director | Trustee | 1 | $0 |
Rebecca Sopchik Assistant Treasurer & Assistant CFO | Officer | 20 | $0 |
Kathleen Morgan Riordan Chief Program Officer | 40 | $128,800 | |
Jennifer Xu Head Of Development | 40 | $125,277 |
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 | $948,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $948,443 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $948,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $496,100 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $495,049 |
| 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 | $276,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,520 |
| Payroll taxes | $24,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $64,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,121 |
| Advertising and promotion | $1,100 |
| Office expenses | $5,057 |
| Information technology | $16,872 |
| Royalties | $0 |
| Occupancy | $21,289 |
| Travel | $7,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,044 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,461,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $410,147 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $128,640 |
| 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 | $184 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $538,971 |
| Accounts payable and accrued expenses | $159,942 |
| 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 | $159,942 |
| Net assets without donor restrictions | $8,737 |
| Net assets with donor restrictions | $370,292 |
| 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 | $538,971 |
Grants Awarded
Over the last fiscal year, Epic Foundation Inc has awarded $496,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMONLIT INC PURPOSE: GENERAL OPERATING SUPPORT | $113,600 |
THE JED FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $102,500 |
COMMON JUSTICE INC PURPOSE: GENERAL OPERATING SUPPORT | $270,000 |
STRONGMINDS INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |