Edge For Educational Excellence Inc
- Assets
- $1.2m
- Revenue
- $730.3k
- Investments
- $0.0
- Employees
- 10
- Location
- Palatka, FL
- Founding
- 06/1986
- Data as of
- 06/2021
- EIN
- 59-2652255
Organization Overview
Edge For Educational Excellence Inc is located in Palatka, FL. The organization was established in 1986. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Edge For Educational Excellence Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edge For Educational Excellence 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 06/2021, Edge For Educational Excellence Inc generated $730.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $757.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. 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
OUR MISSION IS TO SUPPORT EDUCATION IN THE COMMUNITY AND OPERATE A PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUTNAM EDGE IS A HIGH-TECH HIGH SCHOOL, USING THE LATEST TECHNOLOGY TO ENGAGE STUDENTS. EVERY STUDENT WORKS DAILY ON A COMPUTER THAT IS ASSIGNED ONLY TO THEM. THEY ARE LEARNING HOW TO MASTER PROGRAMS THAT THEY WILL NEED TO BE SUCCESSFUL IN TODAY'S BUSINESS WORLD. THIS EXPERIENCE COUPLED WITH A DESIRABLE LEARNING ENVIRONMENT, LIKE WE OFFER AT EDGE, IS A WAY TO BUILD A STRONG FOUNDATION FOR ANY COLLEGE OR CAREER BOUND STUDENT. PUTNAM EDGE HAS SERVICED 69 STUDENTS THIS SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Freeman President | OfficerTrustee | 0.5 | $0 |
Shirley Eubanks Board Member | Trustee | 0.5 | $0 |
Deborah Hess Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $229,455 |
| 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 | $229,455 |
| Total Program Service Revenue | $484,827 |
| 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 | $730,255 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $376,551 |
| Pension plan accruals and contributions | $104,621 |
| Other employee benefits | $9,112 |
| Payroll taxes | $31,761 |
| Fees for services: Management | $23,324 |
| 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 | $0 |
| Fees for services: Other | $60,984 |
| Advertising and promotion | $0 |
| Office expenses | $10,306 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,649 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,634 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,954 |
| Insurance | $12,893 |
| All other expenses | $7,746 |
| Total functional expenses | $757,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,551 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,561 |
| 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 | $254 |
| Net Land, buildings, and equipment | $925,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $222,828 |
| Total assets | $1,248,578 |
| Accounts payable and accrued expenses | $67,368 |
| 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 | $532,500 |
| Secured mortgages and notes payable | $431,272 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $515,090 |
| Total liabilities | $1,546,230 |
| Net assets without donor restrictions | $0 |
| 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 | $38,493 |
| Retained earnings, endowment, accumulated income, or other funds | -$336,145 |
| Total liabilities and net assets/fund balances | $1,248,578 |
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