Civic Intelligence

Edison Innovation Foundation

990 • Fiscal year 2022 • EIN 22-3442892

Jan 01, 2022 to Dec 31, 2022 • Filed on May 15, 2023

1 Riverfront Plaza 3rd FloorNewark, NJ 07102

(973) 648-0500

Siviq Scores

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

Liabilities / Assets

35th percentile

0.01x

Higher debt load relative to assets than 35% of similar nonprofits.

2022 filings • NTEE A • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

38th percentile

0.04x

Higher debt load relative to revenue than 38% of similar nonprofits.

2022 filings • NTEE A • $1M-$5M nonprofits • Source year 2022

Net Margin

50th percentile

10%

Higher net margin than 50% of similar nonprofits.

2022 filings • NTEE A • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$203,500

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 27.0% of source-year revenue.

2022 filings • NTEE A • $1M-$5M nonprofits • Source year 2022

Asset Growth

21st percentile

-10%

Faster asset growth than 21% of similar nonprofits.

2022 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

28th percentile

-13%

Faster revenue growth than 28% of similar nonprofits.

2022 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Flat

$2,149,726

Flat from 2022

Net Assets

Flat

$2,118,287

Flat from 2022

Liabilities

Flat

$31,439

Flat from 2022

Revenue

Flat

$755,080

Flat from 2022

Expenses

Flat

$679,442

Flat from 2022

Net Income

Flat

$75,638

Flat from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,975,635Liabilities 2011: $35,121Net Assets 2011: $2,940,5142011Assets 2012: $3,474,662Liabilities 2012: $37,762Net Assets 2012: $3,436,9002012Assets 2013: $2,727,595Liabilities 2013: $32,544Net Assets 2013: $2,695,0512013Assets 2014: $2,682,243Liabilities 2014: $36,124Net Assets 2014: $2,646,1192014Assets 2015: $2,303,563Liabilities 2015: $34,734Net Assets 2015: $2,268,8292015Assets 2016: $1,865,246Liabilities 2016: $33,753Net Assets 2016: $1,831,4932016Assets 2017: $1,555,121Liabilities 2017: $33,213Net Assets 2017: $1,521,9082017Assets 2018: $1,724,654Liabilities 2018: $63,922Net Assets 2018: $1,660,7322018Assets 2019: $1,784,674Liabilities 2019: $32,653Net Assets 2019: $1,752,0212019Assets 2020: $1,895,677Liabilities 2020: $33,333Net Assets 2020: $1,862,3442020Assets 2021: $2,401,369Liabilities 2021: $62,721Net Assets 2021: $2,338,6482021Assets 2022: $2,149,726Liabilities 2022: $31,439Net Assets 2022: $2,118,2872022Assets 2022: $2,149,726Liabilities 2022: $31,439Net Assets 2022: $2,118,2872022Assets 2023: $2,133,476Liabilities 2023: $38,535Net Assets 2023: $2,094,9412023

Highlighted filing

2022

Assets$2,149,726
Liabilities$31,439
Net Assets$2,118,287

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $586,387Expenses 2011: $612,368Net Income 2011: -$25,9812011Revenue 2012: $1,017,279Expenses 2012: $577,834Net Income 2012: $439,4452012Revenue 2013: $358,434Expenses 2013: $1,232,764Net Income 2013: -$874,3302013Revenue 2014: $471,656Expenses 2014: $627,946Net Income 2014: -$156,2902014Revenue 2015: $514,282Expenses 2015: $757,690Net Income 2015: -$243,4082015Revenue 2016: $384,538Expenses 2016: $835,596Net Income 2016: -$451,0582016Revenue 2017: $407,095Expenses 2017: $785,260Net Income 2017: -$378,1652017Revenue 2018: $975,382Expenses 2018: $673,478Net Income 2018: $301,9042018Revenue 2019: $448,888Expenses 2019: $615,667Net Income 2019: -$166,7792019Revenue 2020: $761,133Expenses 2020: $663,582Net Income 2020: $97,5512020Revenue 2021: $867,148Expenses 2021: $632,001Net Income 2021: $235,1472021Revenue 2022: $755,080Expenses 2022: $679,442Net Income 2022: $75,6382022Revenue 2022: $755,080Expenses 2022: $679,442Net Income 2022: $75,6382022Revenue 2023: $621,683Expenses 2023: $707,143Net Income 2023: -$85,4602023

Highlighted filing

2022

Revenue$755,080
Expenses$679,442
Net Income$75,638
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$985,523
Mission and Program Overview

Mission

To preserve and promote the historical facilities and papers of thomas edison where and in which he invented the products that shaped the modern world;to benefit minorities and children providing the necessary skills to pursue careers in science and technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,924,222$1,784,201▼ $140,021
Savings and Temporary Cash Investments$366,306$254,581▼ $111,725
Land, Buildings, and Equipment, Net$27,728$27,728→ $0
Prepaid Expenses and Deferred Charges$2,074$2,177▲ $103
Cash and Non-Interest-Bearing Accounts-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,401,369$2,149,726▼ $251,643
Other Assets Total$81,039$81,039→ $0
Liabilities
Accounts Payable and Accrued Expenses$60,658$28,135▼ $32,523
Other Liabilities$2,063$3,304▲ $1,241
Total Liabilities$62,721$31,439▼ $31,282
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,338,648$2,118,287▼ $220,361
Total Net Assets Fund Balance$2,338,648$2,118,287▼ $220,361
Total Liabilities and Net Assets / Fund Balance$2,401,369$2,149,726▼ $251,643

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$27,500$119,380$146,880
Equipment$228$4,150$4,378
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John P KeeganChairman,PresPT$203,500$203,500
Thomas UngerlandExec Vice PresPT$82,500$82,500
George Q KeeganTreasurer/Secr-$24,860$24,860
Wade KnowlesVice President-$11,660$11,660

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$630,500
Program Service Revenue
$0
Investment Income
$124,580
Other Revenue
$0
All Other Contributions
$630,500
Change in Net Assets
$75,638

Audited Revenue Reconciliation

Revenue per Audited Statements
$755,080
Revenue Not Reported on Form 990
$-295,999
Total Revenue per Audited Statements
$459,081
Total Revenue per Form 990
$755,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$488,771
Other Expenses$138,763
Total Fundraising Expense$130,825
Grants and Similar Amounts Paid$51,908
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$203,500$119,020$322,520
Other Salaries and Wages-$136,141-$136,141
Occupancy-$72,645-$72,645
Grants to Domestic Individuals$51,408--$51,408
Fees for Services Accounting-$29,909-$29,909
Payroll Taxes-$23,376-$23,376
Office Expenses-$6,436-$6,436
Other Employee Benefits-$5,534-$5,534
Conferences and Meetings$5,070--$5,070
Insurance-$4,864-$4,864
Advertising--$3,565$3,565
Information Technology$2,750--$2,750
Pension Plan Contributions-$1,200-$1,200
Travel--$915$915
Other Expenses-$518$7,325$518
All Other Expenses-$507-$507
Grants to Domestic Orgs$500--$500
Total Functional Expenses$59,728$488,889$130,825$679,442

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$679,442
Total Expenses per Audited Statements$679,442
Total Expenses per Form 990$679,442
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$3,304
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

John p. Keegan, chairman and president of the edison innovation foundation is the father of george q. Keegan, secretary/treasurer/trustee.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed prior to its filing by john p. Keegan, chairman and president of the edison innovation foundation, as well as a trustee of the foundation

Form 990, Part VI, Section B, Line 12C

The foundation monitors and enforces compliance with the conflict of interest policy semi-annually at board meetings.

Form 990, Part VI, Section B, Line 15A

SEE ANSWER FOR 15B BELOW

Form 990, Part VI, Section B, Line 15B

There is an annual review of compensation by the compensation committee of the board of trustees, through which the committee reviews compensation data and statistics regarding comparable organizations from the council on foundations and association of small foundations for guidance, and then makes its recommendations to the board regarding the appropriate amount of compensation.

Form 990, Part VI, Section C, Line 19

The foundation does not disclose its governing documents, conflict of interest policy or its financial statements to the general public.please see continiuation of schedule o for other items

Filing and Contact Details

Filer

Filer Name
Edison Innovation
EIN
22-3442892
Phone
9736480500
Address
1 RIVERFRONT PLAZA 3RD FLOOR, NEWARK, NJ 07102

Signing Officer

Name
John P Keegan
Title
Chairman and Pres
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John P Keegan
Formed
1996
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
2
Employees
3
Volunteers
1

Preparer

Firm
Krim Landau LLC
Address
57 APPLE STREET, TINTON FALLS, NJ 07724
Preparer
Robert S Krim
Phone
7329457600
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IRS990/PrincipalOfficerNm0JOHN P KEEGAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0EIF'S PRIMARY GOAL IS TO RAISE $90 MILLION FOR THE RESTORATION AND UPKEEP OF EDISON'S LEGACY THROUGHOUT AMERICA. ON OCTOBER 9TH, 2009, THE LEGENDARY EDISON LABS IN WEST ORANGE, NJ OPENED AFTER MORE THAN FIVE YEARS OF MAJOR RENOVATIONS. THESE BUILDINGS WERE IN CRITICAL NEED OF REPAIR, AND THE COLLECTIONS INCLUDING, NOTEBOOKS, EARLY PROTOTYPES, AND THOUSANDS OF EARLY RECORDINGS WERE IN DANGER OR BEING LOST DUE TO DETERIORATION. THE INITIAL FOCUS OF THIS CAMPAIGN WAS TO SUPPORT THE NEWLY RENAMED THOMAS EDISON NATIONAL HISTORICAL PARK("TENHP') AND ASSOCIATED EDUCATIONAL AND RESEARCH EFFORTS IN GENERAL. HOWEVER, DURING THIS INITIAL PHASE, EIF IS ALSO WORKING ON INDIVIDUAL PUBLIC SECTOR PROJECTS AS WELL AS FORMING ALLIANCES WITH OTHER ORGANIZATIONS AND FOUNDATIONS IN ORDER TO ACHIEVE EDUCATIONAL INITIATIVES. SOME RECENT PUBLIC SECTOR WORK IS DESCRIBED IN SECTION BELOW. (CONTINUED ON SCH O)
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0700768
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt061778
IRS990/PYInvestmentIncomeAmt0166380
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0113102
IRS990/PYRevenuesLessExpensesAmt0235147
IRS990/PYSalariesCompEmpBnftPaidAmt0457121
IRS990/PYTotalExpensesAmt0632001
IRS990/PYTotalRevenueAmt0867148
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt075638
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0366306
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0254581
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0630500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0700678
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0674049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0368890
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0890597
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03264714
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt044670
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt039422
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt036348
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt035359
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt035419
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0191218
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.24930
IRS990ScheduleA/PublicSupportPY170Pct00.15000
IRS990ScheduleA/PublicSupportTotal170Amt0861663
IRS990ScheduleA/SubstantialContributorsTotAmt02403051
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0630500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0700678
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0674049
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0368890
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0890597
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03264714
IRS990ScheduleA/TotalSupportAmt03455932
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0228
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04150
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04378
IRS990ScheduleD/ExpensesSubtotalAmt0679442
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-272933
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt027500
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0119380
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0146880
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03304
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherRevenueAmt0-23066
IRS990ScheduleD/RevenueNotReportedAmt0-295999
IRS990ScheduleD/RevenueSubtotalAmt0755080
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027728
IRS990ScheduleD/TotalExpensesPerForm990Amt0679442
IRS990ScheduleD/TotalLiabilityAmt03304
IRS990ScheduleD/TotalRevenuePerForm990Amt0755080
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0459081
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0679442
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt011750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TEACHERS AWARDS/STIPENDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1PITCH CONTEST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2EDISON BULB/BASE/BUSTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3PITCH CONTEST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4GIFT CARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt5TOMMY AWARD STATUES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt6PITCH CONTEST TROPHY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt7PITCH CONTEST CUSTOM BOXES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt8PITCH CONTEST SHIRTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt05836
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt1240
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt220995
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt32160
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt43000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt5443
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt63789
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt73195
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc03D PRINTERS/STEM MAKER KITS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1EDISON BULB/BASE/BUSTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc2CONTEST KITS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc3GIFT CARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc4STATUES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc5TROPHY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc6CUSTOM BOXES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc7CUSTOM SHIRTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt058
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt110
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt212
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt3154
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt4102
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt56
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt61
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt7350
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt8145
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0COST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1COST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc2COST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc3COST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc4COST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc5COST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc6COST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc7COST
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EDISON INNOVATION FOUNDATION (EIF) RECOMMENDS THAT A GRANT REQUEST BE SUBMITTED ON THE REQUESTING ORGANIZATIONS LETTERHEAD AND BE SIGNED BY AN OFFICIAL ON BEHALF OF THE GOVERNING BOARD. EIF DOES NOT REQUIRE OR SUPPLY APPLICATION FORMS. THE REQUEST SHOULD BE DETAILED, COMPLETE AND INCLUDE BACKGROUND INFORMATION ABOUT THE ORGANIZATION, A FULL EXPLANATION OF THE PROJECT AND ITS COSTS, AND A FINANCIAL REPORT, CURRENT BUDGET AND EVIDENCE OF TAX-EXEMPT STATUS OF THE REQUESTING ORGANIZATION. EIF MEETS TWICE A YEAR, USUALLY IN DECEMBER AND JULY AT WHICH TIME REQUESTS WHICH HAVE BEEN SUBMITTED AT LEAST THREE WEEKS PRIOR TO THE MEETING WILL BE CONSIDERED. PROGRESS REPORTS AND A FINAL ACCOUNTING OF THE USE OF THE GRANT FUNDS ARE REQUIRED OF ALL GRANT RECIPIENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/FirstClassOrCharterTravelInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0203500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN P KEEGAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Chairman,Pres
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0203500
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ALL TRAVEL AND RELATED EXPENSES ARE AUTHORIZED AND APPROVED BY THE BOARD OF TRUSTEES AT MEETINGS IN ADVANCE OF TRAVEL RELATED EXPENDITURES TAKING PLACE.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THERE IS NOT A WRITTEN POLICY, THE FOUNDATION FOLLOWS AN INFORMAL POLICY, WHEREAS ALL TRAVEL AND RELATED EXPENSES ARE AUTHORIZED AND APPROVED BY THE BOARD OF TRUSTEES IN ADVANCE OF RELATED EXPENDITURES AS DESCRIBED IN THE RESPONSE TO LINE 1A, ABOVE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 1a: Relevant information in regards to selections on 1a.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 1b: Reason for not following policy regarding payment provisions for expenses
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0false
IRS990/ScheduleORequiredInd0true

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.13$0.04$2.09$0.62$0.71$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.15$0.03$2.12$0.76$0.68$0.08
2022Summary only. Only limited summary data is available for this year.$2.15$0.03$2.12$0.76$0.68$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$0.06$2.34$0.87$0.63$0.24
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.03$1.86$0.76$0.66$0.10
2019Summary only. Only limited summary data is available for this year.$1.78$0.03$1.75$0.45$0.62$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$0.06$1.66$0.98$0.67$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.03$1.52$0.41$0.79$0.38
2016Summary only. Only limited summary data is available for this year.$1.87$0.03$1.83$0.38$0.84$0.45
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.03$2.27$0.51$0.76$0.24
2014Detailed filing. Detailed filing data is available for this year.$2.68$0.04$2.65$0.47$0.63$0.16
2013Detailed filing. Detailed filing data is available for this year.$2.73$0.03$2.70$0.36$1.23$0.87
2012Summary only. Only limited summary data is available for this year.$3.47$0.04$3.44$1.02$0.58$0.44
2011Summary only. Only limited summary data is available for this year.$2.98$0.04$2.94$0.59$0.61$0.03