Civic Intelligence

Edgemont School Foundation Inc.

990 • Fiscal year 2019 • EIN 13-3754763

Jul 01, 2018 to Jun 30, 2019 • Filed on May 22, 2020

PO Box 1154Scarsdale, NY 10583

(999) 999-9999

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.51x

Higher debt load relative to assets than 76% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

2.96x

Higher debt load relative to revenue than 97% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

36th percentile

-0.8%

Faster revenue growth than 36% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,019,067

Up $107,601 (+12%) from 2018

Net Assets

Up

$497,999

Up $23,647 (+5.0%) from 2018

Liabilities

Up

$521,068

Up $83,954 (+19%) from 2018

Revenue

Down

$175,946

Down $1,417 (-0.8%) from 2018

Expenses

Down

$152,867

Down $152,888 (-50%) from 2018

Net Income

Up

$23,079

Up $151,471 (+118%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $982,486Liabilities 2011: $173,502Net Assets 2011: $808,9842011Assets 2012: $918,592Liabilities 2012: $43,947Net Assets 2012: $874,6452012Assets 2013: $1,250,574Liabilities 2013: $24,649Net Assets 2013: $1,225,9252013Assets 2014: $1,379,379Liabilities 2014: $428,100Net Assets 2014: $951,2792014Assets 2015: $1,038,752Liabilities 2015: $576,761Net Assets 2015: $461,9912015Assets 2016: $1,003,445Liabilities 2016: $493,269Net Assets 2016: $510,1762016Assets 2018: $911,466Liabilities 2018: $437,114Net Assets 2018: $474,3522018Assets 2019: $1,019,067Liabilities 2019: $521,068Net Assets 2019: $497,9992019Assets 2020: $994,824Liabilities 2020: $381,535Net Assets 2020: $613,2892020Assets 2021: $1,092,989Liabilities 2021: $338,830Net Assets 2021: $754,1592021Assets 2022: $1,025,374Liabilities 2022: $328,650Net Assets 2022: $696,7242022Assets 2023: $1,107,252Liabilities 2023: $269,414Net Assets 2023: $837,8382023

Highlighted filing

2019

Assets$1,019,067
Liabilities$521,068
Net Assets$497,999

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $168,7272011Expenses 2012: $55,9672012Revenue 2013: $438,750Expenses 2013: $128,532Net Income 2013: $310,2182013Revenue 2014: $120,177Expenses 2014: $453,839Net Income 2014: -$333,6622014Revenue 2015: $151,403Expenses 2015: $568,073Net Income 2015: -$416,6702015Revenue 2016: $257,876Expenses 2016: $57,869Net Income 2016: $200,0072016Revenue 2018: $177,363Expenses 2018: $305,755Net Income 2018: -$128,3922018Revenue 2019: $175,946Expenses 2019: $152,867Net Income 2019: $23,0792019Revenue 2020: $127,635Expenses 2020: $76,171Net Income 2020: $51,4642020Revenue 2021: $268,712Expenses 2021: $127,842Net Income 2021: $140,8702021Revenue 2022: $94,757Expenses 2022: $35,665Net Income 2022: $59,0922022Revenue 2023: $115,012Expenses 2023: $13,475Net Income 2023: $101,5372023

Highlighted filing

2019

Revenue$175,946
Expenses$152,867
Net Income$23,079
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 22, 2020
Return Version
2018v3.1
Gross Receipts
$183,696
Mission and Program Overview

Mission

Support and enhance edgemont schools curriculum

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$827,112$841,491▲ $14,379
Cash and Non-Interest-Bearing Accounts$81,037$172,876▲ $91,839
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$911,466$1,019,067▲ $107,601
Other Assets Total$3,317$4,700▲ $1,383
Liabilities
Grants Payable$433,334$516,068▲ $82,734
Accounts Payable and Accrued Expenses$3,780$5,000▲ $1,220
Total Liabilities$437,114$521,068▲ $83,954
Net Assets / Fund Balance
Unrestricted Net Assets$444,823$462,884▲ $18,061
Temporarily Rstr Net Assets$29,529$35,115▲ $5,586
Total Net Assets Fund Balance$474,352$497,999▲ $23,647
Total Liabilities and Net Assets / Fund Balance$911,466$1,019,067▲ $107,601
Compensation and Service Providers

Board Members and Trustees

NameTitle
Adam FriedmanCo-chairman
Nancy GordonCo-chairman
Gary ZimbergDirector
Jason FeldmanDirector
Jennifer DemarraisDirector
Jennifer RatnerDirector
Jon KahnDirector
Leslie SternDirector
Michael RielaDirector
Michael SadicarioDirector
Nancy Jacobson PaleyDirector
Paul BrinbergDirector
Peter KaufmanDirector
Rebecca AscherDirector
Risa MccarthyDirector
Dylan F PyneSecretary
Ann DevriesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$136,943
Program Service Revenue
$0
Investment Income
$46,753
Other Revenue
$-7,750
All Other Contributions
$136,943
Change in Net Assets
$23,079
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$152,867
Total Fundraising Expense$8,395
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$5,416-$5,416
Fees for Services Accounting-$5,000-$5,000
Insurance-$1,927-$1,927
Advertising--$1,324$1,324
All Other Expenses-$434$472$906
Other Expenses$502$2,795$6,599$502
Total Functional Expenses$128,900$15,572$8,395$152,867
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$7,750
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

reviewed by co-president and treasurer

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Edgemont School Foundation Inc
EIN
13-3754763
Address
PO Box 1154, SCARSDALE, NY 10583

Signing Officer

Name
Ann Devries
Title
Treasurer
Signed
2020-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Friedman
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
Gary S Eisenkraft CPA
Address
271 Madison Avenue Suite 602, New York, NY 10016
Preparer
Gary S Eisenkraft CPA
Phone
2126892655
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IRS990/Desc0ESF had a strong financial performance for fiscal year 2018-2019. The organization achieved fundraising of $128,866 and Marla's fund raised $8,077. Our district appeal fundraising was up 43% YoY. On a normalized basis (ex. distinguished alumni donors), fundraising was up 16% YoY. Our operating expenses were low with fundraising nets 93% after expenses. The organization approved $210,663 grants for the year: $165k Seely/Greenville libraries, $33k school bond, $5k sliding doors, $5k Math Circle, $2,491 literacy. The library grant was approved at the May 2019 meeting with actual expenses being paid mostly after the fiscal year-end. Total expenses paid during the year were $72,894. The organization successfully recruited three new board members during the year: Risa McCarthy, Rebecca Ascher and Jason Feldman. We also identified Dana Leff Niedzielsk as a prospective board member and officially voted her in September 2019. Meanwhile, Adam Friedman, Gary Zimberg and Jon Kahn retired from the Board following the June meeting. During the year, we also hosted a distinguished alumni event for ESPN CEO Jimmy Pittaro. This event was well-received by our community and also resulted in several large donations to ESF.
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IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt01927
IRS990/InsuranceGrp/TotalAmt01927
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt021021
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021021
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0827112
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0841491
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SUPPORT AND ENHANCE EDGEMONT SCHOOLS CURRICULUM
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0474352
IRS990/NetAssetsOrFundBalancesEOYAmt0497999
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt025732
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt025732
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-7750
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0568
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05416
IRS990/OfficeExpensesGrp/TotalAmt05416
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt03317
IRS990/OtherAssetsTotalGrp/EOYAmt04700
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0GRANT EXPENSE
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2PROCESSING FEES
IRS990/OtherExpensesGrp/Desc3DONATION
IRS990/OtherExpensesGrp/FundraisingAmt06599
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02795
IRS990/OtherExpensesGrp/ProgramServicesAmt0128398
IRS990/OtherExpensesGrp/ProgramServicesAmt1502
IRS990/OtherExpensesGrp/TotalAmt0128398
IRS990/OtherExpensesGrp/TotalAmt16599
IRS990/OtherExpensesGrp/TotalAmt22795
IRS990/OtherExpensesGrp/TotalAmt3502
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ADAM FRIEDMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0130919
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0263088
IRS990/PYInvestmentIncomeAmt046444
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt042667
IRS990/PYRevenuesLessExpensesAmt0-128392
IRS990/PYTotalExpensesAmt0305755
IRS990/PYTotalRevenueAmt0177363
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt023079
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0136943
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0130919
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0102403
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt07065
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt07065
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0384395
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt046753
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt033642
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt012223
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt016931
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt016931
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0126480
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt046753
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt033642
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt012223
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt016931
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt016931
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0126480
IRS990ScheduleA/InvestmentIncomeCYPct00.24760
IRS990ScheduleA/InvestmentIncomePYPct00.35660
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.75240
IRS990ScheduleA/PublicSupportPY509Pct00.64340
IRS990ScheduleA/PublicSupportTotal509Amt0384395
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0136943
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0130919
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0102403
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt07065

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Import issue. A filing source exists for this year, but detailed import did not complete cleanly.
2023Detailed filing. Detailed filing data is available for this year.$1.11$0.27$0.84$0.12$0.01$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.33$0.70$0.09$0.04$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.34$0.75$0.27$0.13$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.38$0.61$0.13$0.08$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.02$0.52$0.50$0.18$0.15$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.44$0.47$0.18$0.31$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.49$0.51$0.26$0.06$0.20
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.58$0.46$0.15$0.57$0.42
2014Detailed filing. Detailed filing data is available for this year.$1.38$0.43$0.95$0.12$0.45$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.02$1.23$0.44$0.13$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.04$0.87$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.17$0.81$0.17