Civic Intelligence

Edward Charles Foundation

990 • Fiscal year 2023 • EIN 26-4245043

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 14, 2023

Organization ProfileWWW.EDWARDCHARLESFOUNDATION.ORG

View Organization Page

269 South Beverly Drive 338Beverly Hills, CA 90212

(310) 557-1923

Siviq Scores

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

Liabilities / Assets

25th percentile

0.05x

Higher debt load relative to assets than 25% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

12th percentile

0.04x

Higher debt load relative to revenue than 12% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

93rd percentile

62%

Faster asset growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

32nd percentile

-3.6%

Faster revenue growth than 32% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$35,857,794

Up $13,696,894 (+62%) from 2022

Net Assets

Up

$34,119,018

Up $12,998,447 (+62%) from 2022

Liabilities

Up

$1,738,776

Up $698,447 (+67%) from 2022

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin86th percentile

Revenue

Down

$39,861,685

Down $1,472,197 (-3.6%) from 2022

Expenses

Down

$26,012,334

Down $28,870,987 (-53%) from 2022

Net Income

Up

$13,849,351

Up $27,398,790 (+202%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$80M$60M$40M$20M$0Assets 2010: $44,340Liabilities 2010: $0Net Assets 2010: $44,3402010Assets 2011: $30,834Liabilities 2011: $0Net Assets 2011: $30,8342011Assets 2012: $128,992Liabilities 2012: $0Net Assets 2012: $128,9922012Assets 2014: $777,451Liabilities 2014: $37,269Net Assets 2014: $740,1822014Assets 2015: $2,645,032Liabilities 2015: $156,215Net Assets 2015: $2,488,8172015Assets 2016: $1,852,985Liabilities 2016: $55,390Net Assets 2016: $1,797,5952016Assets 2017: $3,480,299Liabilities 2017: $84,819Net Assets 2017: $3,395,4802017Assets 2018: $8,584,362Liabilities 2018: $426,442Net Assets 2018: $8,157,9202018Assets 2019: $6,676,605Liabilities 2019: $2,986,103Net Assets 2019: $3,690,5022019Assets 2020: $5,690,189Liabilities 2020: $345,032Net Assets 2020: $5,345,1572020Assets 2021: $37,089,595Liabilities 2021: $1,026,058Net Assets 2021: $36,063,5372021Assets 2022: $22,160,900Liabilities 2022: $1,040,329Net Assets 2022: $21,120,5712022Assets 2023: $35,857,794Liabilities 2023: $1,738,776Net Assets 2023: $34,119,0182023Assets 2024: $51,692,237Liabilities 2024: $6,966,508Net Assets 2024: $44,725,7292024Assets 2025: $63,484,720Liabilities 2025: $8,868,917Net Assets 2025: $54,615,8032025

Highlighted filing

2023

Assets$35,857,794
Liabilities$1,738,776
Net Assets$34,119,018
Open 2023 Filing

Operations Trend

Revenue Growth32nd percentile

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

$100M$50M$0-$50MRevenue 2010: $185,557Expenses 2010: $141,217Net Income 2010: $44,3402010Revenue 2011: $62,427Expenses 2011: $75,933Net Income 2011: -$13,5062011Expenses 2012: $168,0912012Revenue 2014: $1,790,132Expenses 2014: $1,317,622Net Income 2014: $472,5102014Revenue 2015: $4,721,486Expenses 2015: $2,990,063Net Income 2015: $1,731,4232015Revenue 2016: $4,664,713Expenses 2016: $5,410,754Net Income 2016: -$746,0412016Revenue 2017: $7,534,515Expenses 2017: $6,439,930Net Income 2017: $1,094,5852017Revenue 2018: $13,927,442Expenses 2018: $8,734,203Net Income 2018: $5,193,2392018Revenue 2019: $13,285,448Expenses 2019: $17,433,013Net Income 2019: -$4,147,5652019Revenue 2020: $10,864,095Expenses 2020: $9,247,976Net Income 2020: $1,616,1192020Revenue 2021: $51,576,473Expenses 2021: $21,043,937Net Income 2021: $30,532,5362021Revenue 2022: $41,333,882Expenses 2022: $54,883,321Net Income 2022: -$13,549,4392022Revenue 2023: $39,861,685Expenses 2023: $26,012,334Net Income 2023: $13,849,3512023Revenue 2024: $66,506,474Expenses 2024: $52,303,147Net Income 2024: $14,203,3272024Revenue 2025: $67,600,579Expenses 2025: $59,279,182Net Income 2025: $8,321,3972025

Highlighted filing

2023

Revenue$39,861,685
Expenses$26,012,334
Net Income$13,849,351
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$42,972,392
Mission and Program Overview

Mission

To act as a fiscal sponsor for individuals and organizations that desire to operate and raise monies and give monies for charitable purposes and programs.

Fiscal sponsorship of charitable initiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$222,214$26,694,536▲ $26,472,322
Investments in Publicly Traded Securities$1,096,312$4,835,984▲ $3,739,672
Pledges and Grants Receivable$770,526$1,527,260▲ $756,734
Prepaid Expenses and Deferred Charges$2,950$781,645▲ $778,695
Intangible Assets-$659,945-
Investments Other Securities$920,000$499,000▼ $421,000
Accounts Receivable-$375,182-
Cash and Non-Interest-Bearing Accounts$19,143,200$319,288▼ $18,823,912
Land, Buildings, and Equipment, Net$5,698$1,676▼ $4,022
Total Assets$22,160,900$35,857,794▲ $13,696,894
Other Assets Total$0$163,278▲ $163,278
Liabilities
Grants Payable$178,974$848,466▲ $669,492
Accounts Payable and Accrued Expenses$813,511$616,514▼ $196,997
Other Liabilities$9,844$202,275▲ $192,431
Unsecured Notes Loans Payable$38,000$71,521▲ $33,521
Total Liabilities$1,040,329$1,738,776▲ $698,447
Net Assets / Fund Balance
Net Assets With Donor Restrictions$20,868,643$33,174,544▲ $12,305,901
Net Assets Without Donor Restrictions$251,928$944,474▲ $692,546
Total Net Assets Fund Balance$21,120,571$34,119,018▲ $12,998,447
Total Liabilities and Net Assets / Fund Balance$22,160,900$35,857,794▲ $13,696,894

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,676$7,374$9,050
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Kent SetonCEO
Kevin GrigorenkoCTO
Andrew AltsuleSecretary
James BullardTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Seton & Associates PlcCeo Services269 S BEVERLY DR 338, Beverly Hills, CA 90212, Pl$606,851
Flyps Sp ZooProgramming Services269 S BEVERLY DR 338, Beverly Hills, CA 90212, Fi$290,515
Seton & Associates PlcLicensing Fee1143 W RUNDELL PL STE 301, Chicago, IL 60607$260,079
Cauldron Development OySoftware Development-$195,763
Banner Collective LLC (dba Banner StudioProduction Of Program Curriculum-$171,643
Revenue and Support

Revenue Composition

Contributions and Grants
$39,835,746
Program Service Revenue
$1,333,987
Investment Income
$20,135
Other Revenue
$-1,328,183
All Other Contributions
$38,528,623
Change in Net Assets
$13,849,351

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Closely Held Stock1$6,578,170Independent Valuation Re
Food Inventory1$131,366Actual Cost
Clothing and Household Goods-$13,735Actual Cost
Total Noncash Contributions2$6,723,271-

Audited Revenue Reconciliation

Revenue per Audited Statements
$39,861,685
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-650,904
Total Revenue per Audited Statements
$39,210,781
Total Revenue per Form 990
$39,861,685
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$11,613,449
Other Expenses$10,882,700
Salaries, Compensation, and Employee Benefits$3,516,185
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$9,574,246--$9,574,246
Fees for Services Other$2,656,201$1,177,427-$3,833,628
Other Salaries and Wages$2,870,043$318,582-$3,188,625
Foreign Grants$1,827,701--$1,827,701
Fees for Services Accounting$1,120,114$169,135-$1,289,249
Information Technology$913,639$26,596-$940,235
Payroll Taxes$296,838$30,722-$327,560
Fees for Services Legal$251,847$1,568-$253,415
Occupancy$201,808$21,027-$222,835
Grants to Domestic Individuals$211,502--$211,502
Insurance$80,655$84,251-$164,906
Advertising-$29,175-$29,175
Office Expenses$10,034$12,014-$22,048
Other Expenses$6,363$10,378-$16,741
All Other Expenses$10,013$3,538-$13,551
Depreciation Depletion$4,022--$4,022
Interest-$311-$311
Total Functional Expenses$24,114,337$1,897,997$0$26,012,334

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$26,212,334
Expenses per Audited Statements$26,012,334
Total Expenses per Form 990$26,012,334
Expenses Not Reported on Form 990$200,000
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Starlink Initiative LtdHawthorne, CA501(c)(3)Charitable Gift$2,100,000
Heart of DinnerNew York, NY501(c)(3)Charitable Gift$1,077,316
Structural Unemployment (dba Working Nation)Los Angeles, CA501(c)(3)Charitable Gift$1,045,996
Thrive Market IncLos Angeles, CA501(c)(3)Charitable Gift$605,126
CHILDREN'S HOSPITAL OF PITTSBURGH FOUNDATIONPittsburgh, PA501(c)(3)Charitable Gift$280,000
Naismith Memorial Basketball Hall of FameSpringfield, MA501(c)(3)Charitable Gift$268,647
Jeremy Lin FoundationFairfield, CT501(c)(3)Charitable Gift$250,000
The Sona FoundationEncino, CA501(c)(3)Charitable Gift$245,162
Outschool IncSan Francisco, CA501(c)(3)Charitable Gift$180,739
Be School Inc (dba Sv Academy)Pasadena, CA501(c)(3)Charitable Gift$173,950
Moca - the Museum of Contemporary ArtLos Angeles, CA501(c)(3)Charitable Gift$162,500
DPA'S ASSIST THE OFFICER FDNDallas, TX501(c)(3)Charitable Gift$150,000
Chris Paul Family Foundation - Club 61Beverly Hills, CA501(c)(3)Charitable Gift$125,000
The Ymca of Northwest North CarolinaWinston Salem, NC501(c)(3)Charitable Gift$112,500
Chicago Park DistrictChicago, IL501(c)(3)Charitable Gift$100,000
Duke UniversityDurham, NC501(c)(3)Charitable Gift$100,000
Paulbooker Golf EventBeverly Hills, CA501(c)(3)Charitable Gift$100,000
Players Philanthrophy Fund Dba Greater Good MusicTowson, MD501(c)(3)Charitable Gift$98,500
Prepaid Expense Card Solutions Inc (dba Pex)New York, NY501(c)(3)Charitable Gift$83,200
Lsu Health Sciences Foundation in ShreveportShreveport, LA501(c)(3)Charitable Gift$81,877
Phoenix Suns CharitiesPhoenix, AZ501(c)(3)Charitable Gift$80,667
Chris Paul Family Fdn Team Cp3Lewisvill, NC501(c)(3)Charitable Gift$80,000
Playing for Change FoundationSanta Monica, CA501(c)(3)Charitable Gift$77,560
Engaged DetroitDetroit, MI501(c)(3)Charitable Gift$70,987
Cluster EducationBeverly Hills, CA501(c)(3)Charitable Gift$60,000
Bb&d Hockey Ventures LLCLake Forest, CA501(c)(3)Charitable Gift$50,049
Casa Familiar IncSan Ysidro, CA501(c)(3)Charitable Gift$50,000
Commonwealth of Kentucky - Office of State TreasurerFrankfurt, KY501(c)(3)Charitable Gift$50,000
The Defensive LineTowson, MD501(c)(3)Charitable Gift$50,000
The Perveen Shakir FoundationCedar Park, TX501(c)(3)Charitable Gift$49,050
World Central Kitchen IncorporatedWashington, DC501(c)(3)Charitable Gift$43,624
Aim (art in Motion)Chicago, IL501(c)(3)Charitable Gift$35,000
Knox County Board of Education Gibbs High SchoolCorryton, TN501(c)(3)Charitable Gift$35,000
Windward SchoolLos Angeles, CA501(c)(3)Charitable Gift$35,000
Los Angeles Brotherhood CrusadeLos Angeles, CA501(c)(3)Charitable Gift$32,500
Hancock County Board of EducationSneedville, TN501(c)(3)Charitable Gift$30,000
The Entertainment Industry FoundationLos Angeles, CA501(c)(3)Charitable Gift$30,000
Baby2babyLos Angeles, CA501(c)(3)Charitable Gift$25,000
College TrackOakland, CA501(c)(3)Charitable Gift$25,000
Entertainment Industry College Outreach ProgramBurbank, CA501(c)(3)Charitable Gift$25,000
Family and Child Empowerment Service of San Francisco (faces Sf)San Francisco, CA501(c)(3)Charitable Gift$25,000
Foodcorps IncPortland, OR501(c)(3)Charitable Gift$25,000
Foothill Country Day SchoolClaremont, CA501(c)(3)Charitable Gift$25,000
Mercy Chefs IncPortsmouth, VA501(c)(3)Charitable Gift$25,000
The Carnegie Hall CorporationNew York, NY501(c)(3)Charitable Gift$25,000
Musicares FoundationSanta Monica, CA501(c)(3)Charitable Gift$24,021
Notes for Notes IncSanta Barbara, CA501(c)(3)Charitable Gift$24,021
Childrens Hospital Los AngelesLos Angeles, CA501(c)(3)Charitable Gift$21,000
Choose Love IncNew York, NY501(c)(3)Charitable Gift$21,000
Make a Wish Foundation of AmericaPhoenix, AZ501(c)(3)Charitable Gift$21,000
1010 Wine and EventsIngelwood, CA501(c)(3)Charitable Gift$20,000
Big Dog Rescue IncLoxahatchee Groves, FL501(c)(3)Charitable Gift$20,000
Bridgetown Roti LLCLos Angeles, CA501(c)(3)Charitable Gift$20,000
BurritobreakPasadena, CA501(c)(3)Charitable Gift$20,000
Coffeepreneur LLC (dba Sip & Sonder)Ingelwood, CA501(c)(3)Charitable Gift$20,000
Gentefy IncMontebello, CA501(c)(3)Charitable Gift$20,000
La Imperial TortilleriaLos Angeles, CA501(c)(3)Charitable Gift$20,000
Laidrey LLCWoodland Hills, CA501(c)(3)Charitable Gift$20,000
Muun Chi LLCRedondo Beach, CA501(c)(3)Charitable Gift$20,000
OBET&DEL'S X WOMANMADE LLC (DBA OBET&DEL'S COFFEE SHOP)Los Angeles, CA501(c)(3)Charitable Gift$20,000
Saucy Chick RotisserieTemple City, CA501(c)(3)Charitable Gift$20,000
The Salvation ArmyKnoxville, TN501(c)(3)Charitable Gift$20,000
Triad Dream Center IncWinston Salem, NC501(c)(3)Charitable Gift$20,000
Reher DcBeverly Hills, CA501(c)(3)Charitable Gift$19,500
Bismack Biyombo Foundation IncSanta Monica, CA501(c)(3)Charitable Gift$18,000
Amplify GrGrand Rapids, MI501(c)(3)Charitable Gift$17,250
Just Keep Livin FdnSherman Oaks, CA501(c)(3)Charitable Gift$16,213
Portal SchoolsEl Segundo, CA501(c)(3)Charitable Gift$15,747
Justices of the Peace Constable Assc (texas Peace Officer Flag Fund)Garland, TX501(c)(3)Charitable Gift$15,000
Muuse Reuse LLC (dba Muuse)Nevada City, CA501(c)(3)Charitable Gift$15,000
Pioneer Academics PbcArdmore, PA501(c)(3)Charitable Gift$13,050
K9s for Warriors IncPonte Verdra, FL501(c)(3)Charitable Gift$12,500
Three Saints IncLawrence, MA501(c)(3)Charitable Gift$12,000
HUMPHREY'S COUNTY DIXIE LEAGUEWaverly, TN501(c)(3)Charitable Gift$11,000
Polygence IncMenlo Park, CA501(c)(3)Charitable Gift$10,124
Children Are People IncGallatin, TN-Charitable Gift$10,000
Community Foundation for Greater Buffalo IncBuffalo, NY-Charitable Gift$10,000
Homes for Our Troops IncTaunton, MA-Charitable Gift$10,000
Jump N for the Future (the Robert Pack Organization)New Orleans, LA501(c)(3)Charitable Gift$10,000
Keeneland Association IncLexington, KY501(c)(3)Charitable Gift$10,000
Mcneese State University FoundationLake Charles, LA501(c)(3)Charitable Gift$10,000
National Center for Victims of Crime Dba National Compassion Fund LLCAlexandria, VA501(c)(3)Charitable Gift$10,000
North Shore Animal League America Inc Dba Animal League AmericaPort Washington, NY501(c)(3)Charitable Gift$10,000
Pet PartnersBellevue, WA501(c)(3)Charitable Gift$10,000
Root Elixirs LLCSan Luis Obispo, CA501(c)(3)Charitable Gift$10,000
The Film Collaborative IncLos Angeles, CA501(c)(3)Charitable Gift$10,000
The Jayson Tatum FoundationSt Louis, MO501(c)(3)Charitable Gift$10,000
The Marfan Foundation IncPort Washington, NY501(c)(3)Charitable Gift$10,000
The Porch Ministries IncCorryton, TN501(c)(3)Charitable Gift$10,000
The Salvation Army Ken Carlson Boys & Girls ClubWinston Salem, NC501(c)(3)Charitable Gift$10,000
Reyes Boxing IncSalem, MA-Charitable Gift$9,485
Matt Martin Foundation IncWest Hempstead, NY-Charitable Gift$7,500
Solve Cares FoundationRoswll, GA-Charitable Gift$6,900
Doerner Brokerage & InvestmentsWestlake Village, CA-Charitable Gift$6,500
Usta Fdn IncWhite Plains, NY-Charitable Gift$6,270
The University of Texas Southwest Medical Center (ut Southwestern)Dallas, TX-Charitable Gift$6,124
Carma (california Retirement Management Account)Arcadia, CA-Charitable Gift$6,000
Community Cooperative IncFort Meyers, FL-Charitable Gift$6,000
Haughton Middle SchoolHaughton, LA-Charitable Gift$6,000
Cross Roads Presbyterian ChurchKnoxville, TN-Charitable Gift$5,625
Wake Forest UniversityWinston Salem, NC-Charitable Gift$5,396
AKIN'S PATH INC (DBA DREAMBUILDERS FOUNDATION)Brentwood, TN-Charitable Gift$5,300

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,773,423
Fundraising Gross Income$440,034
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Veuve Clicquot 2022$548,887$498,887$6,747$492,140
Faith Flight Finish Gala$479,824-$205,380-
Total Events$1,733,521$668,750$1,193,510$-524,760
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kent SetonIndividual Is the CEO of Edward Charles FoundationEDWARD CHARLES FOUNDATION MADE PAYMENTS TO THE INDIVIDUAL'S BUSINESS (SETON & ASSOCIATES, PLC) IN EXCHANGE FOR CEO SERVICESNo$606,851
Kent SetonIndividual Is the CEO of Edward Charles FoundationEDWARD CHARLES FOUNDATION MADE PAYMENTS TO THE INDIVIDUAL'S BUSINESS (SETON & ASSOCIATES, PLC) FOR LICENSING FEESNo$260,079
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$165,820
Credit Cards Payable$14,054
Sales Tax$13,001
Unearned Revenue$9,400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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 B, Line 11B

“The form 990 is reviewed by the board prior to filing and signed by the ceo/treasurer.”

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

“Each director, principal officer, and member of the committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the conflict of interest policy, agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

Form 990, Part VI, Section B, Line 15

“When compensating disqualified persons, the foundation adheres to the definition of reasonable compensation as set forth under section 53.4958-(b)(1)(ii) of the treasury regulations that section provides that reasonable compensation is the amount that would ordinarily be paid for like services by like enterprises, whether taxable or tax-exempt, under like circumstances. Furthermore any compensation the foundation pays to a disqualified person is approved in advance by the foundation's board of directors it is approved pursuant to the procedures for establishing a rebuttable procedure occurs in advance, by an independent group of board members based on appropriate comparability date it is adequately documented that the board uses the rebuttable presumption of reasonableness under code section 4958 also to ensure that compensation does not constitute private inurement.”

Form 990, Part VI, Section C, Line 18

“The organization's governing documents, conflict of interest policy, and financial statements, form 1023, and form 990 are available in office at any time.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements, form 1023 and form 990 are available in office at any time.”

Filing and Contact Details

Filer

Filer Name
Edward Charles Foundation
EIN
26-4245043
Phone
3105571923
Address
269 SOUTH BEVERLY DRIVE 338, BEVERLY HILLS, CA 90212

Signing Officer

Name
Kent Seton
Title
CEO
Phone
3105571923
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent Seton
Formed
2009
Legal Domicile
De
Voting Board Members
4
Independent Board Members
3
Employees
37
Volunteers
0

Preparer

Firm
Baker Tilly US Llp
Address
15760 VENTURA BLVD SUITE 1100, ENCINO, CA 91436
Preparer
Shashi Mirpuri
Phone
8189812600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 2,656,201. Management and general expenses 1,177,427. Fundraising expenses 0. Total expenses 3,833,628.”

FORM 990, PART XI, LINE 9:

“Gain on pension obligation 659,946.”

Financial Statement Notes

PART X, LINE 2:

“Edward charles foundation (foundation) has received tax-exempt status from the internal revenue service and california franchise tax board under section 501(c)(3) of the internal revenue code, and section 2370l(d) of the revenue and taxation code, respectively. Each year, management considers whether any material tax position the foundation has taken is more likely than not to be sustained upon examination by the applicable taxing authority. Management believes that any positions the foundation has taken are supported by substantial authority and, hence, do not need to be measured or disclosed in these financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Gain on pension obligation”

Raw XML AppendixShowing 400 of 1,651 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0FISCAL SPONSORSHIP OF CHARITABLE INITIATIVES.
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IRS990/BooksInCareOfDetail/PhoneNum03105571923
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IRS990/BooksInCareOfDetail/USAddress/CityNm0BEVERLY HILLS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090212
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd01
IRS990/CashNonInterestBearingGrp/BOYAmt019143200
IRS990/CashNonInterestBearingGrp/EOYAmt0319288
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt013
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0606851
IRS990/ContractorCompensationGrp/CompensationAmt1290515
IRS990/ContractorCompensationGrp/CompensationAmt2260079
IRS990/ContractorCompensationGrp/CompensationAmt3195763
IRS990/ContractorCompensationGrp/CompensationAmt4171643
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/AddressLine1Txt0KAROLA OLSZEWSKIEGO 6
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/AddressLine1Txt1TEHTAANKAUT 14D 32
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CityNm0KIELCE
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CityNm1HELSINKI
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CountryCd0PL
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CountryCd1FI
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/ForeignPostalCd025-663
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/ForeignPostalCd100140
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0269 S BEVERLY DR 338
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1269 S BEVERLY DR 338
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt21143 W RUNDELL PL STE 301
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0BEVERLY HILLS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1BEVERLY HILLS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd090212
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd190212
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd260607
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SETON & ASSOCIATES PLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1FLYPS SP ZOO
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2SETON & ASSOCIATES PLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3CAULDRON DEVELOPMENT OY
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4BANNER COLLECTIVE LLC (DBA BANNER STUDIO
IRS990/ContractorCompensationGrp/ServicesDesc0CEO SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc1PROGRAMMING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2LICENSING FEE
IRS990/ContractorCompensationGrp/ServicesDesc3SOFTWARE DEVELOPMENT
IRS990/ContractorCompensationGrp/ServicesDesc4PRODUCTION OF PROGRAM CURRICULUM
IRS990/ContriRptFundraisingEventAmt01307123
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt039835746
IRS990/CYGrantsAndSimilarPaidAmt011613449
IRS990/CYInvestmentIncomeAmt020135
IRS990/CYOtherExpensesAmt010882700
IRS990/CYOtherRevenueAmt0-1328183
IRS990/CYProgramServiceRevenueAmt01333987
IRS990/CYRevenuesLessExpensesAmt013849351
IRS990/CYSalariesCompEmpBnftPaidAmt03516185
IRS990/CYTotalExpensesAmt026012334
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt039861685
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt04022
IRS990/DepreciationDepletionGrp/TotalAmt04022
IRS990/Desc0STARLINK INITIATIVE'S ENDEAVOR IS TO CONNECT THE UN-CONNECTED AND UNDER-CONNECTED PEOPLE AROUND THE GLOBE BRINGING THE BENEFITS OF SATELLITE BROADBAND CONNECTIVITY TO THOSE IN NEED.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd01
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt020868643
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt033174544
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt037
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02136650
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0169135
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01120114
IRS990/FeesForServicesAccountingGrp/TotalAmt01289249
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01568
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0251847
IRS990/FeesForServicesLegalGrp/TotalAmt0253415
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01177427
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02656201
IRS990/FeesForServicesOtherGrp/TotalAmt03833628
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignGrantsGrp/ProgramServicesAmt01827701
IRS990/ForeignGrantsGrp/TotalAmt01827701
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0KENT SETON
IRS990/Form990PartVIISectionAGrp/PersonNm1KEVIN GRIGORENKO
IRS990/Form990PartVIISectionAGrp/PersonNm2ANDREW ALTSULE
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES BULLARD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CTO
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt01307123
IRS990/FundraisingDirectExpensesAmt01773423
IRS990/FundraisingGrossIncomeAmt0440034
IRS990/GainOrLossGrp/SecuritiesAmt0-26440
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt02100000
IRS990/GrantsPayableGrp/BOYAmt0178974
IRS990/GrantsPayableGrp/EOYAmt0848466
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0211502
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0211502
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt09574246
IRS990/GrantsToDomesticOrgsGrp/TotalAmt09574246
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01310844
IRS990/GrossReceiptsAmt042972392
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt026596
IRS990/InformationTechnologyGrp/ProgramServicesAmt0913639
IRS990/InformationTechnologyGrp/TotalAmt0940235
IRS990/InsuranceGrp/ManagementAndGeneralAmt084251
IRS990/InsuranceGrp/ProgramServicesAmt080655
IRS990/InsuranceGrp/TotalAmt0164906
IRS990/IntangibleAssetsGrp/EOYAmt0659945
IRS990/InterestGrp/ManagementAndGeneralAmt0311
IRS990/InterestGrp/TotalAmt0311
IRS990/InvestmentIncomeGrp/ExclusionAmt046575
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt046575
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0920000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0499000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01096312
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04835984
IRS990/IRPDocumentCnt0229
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07374
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05698
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01676
IRS990/LandBldgEquipCostOrOtherBssAmt09050
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01337284
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ACT AS A FISCAL SPONSOR FOR VARIOUS CHARITABLE INITIATIVES
IRS990/MoreThan5000KToIndividualsInd01
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt021120571
IRS990/NetAssetsOrFundBalancesEOYAmt034119018
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-26440
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-26440
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-1333389
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-1333389
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1510850
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0251928
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0944474
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt06731001
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt021027
IRS990/OccupancyGrp/ProgramServicesAmt0201808
IRS990/OccupancyGrp/TotalAmt0222835
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012014
IRS990/OfficeExpensesGrp/ProgramServicesAmt010034
IRS990/OfficeExpensesGrp/TotalAmt022048
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0163278
IRS990/OtherChangesInNetAssetsAmt0659946
IRS990/OtherExpensesGrp/Desc0AWARENESS EVENT
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2LICENSES AND FEES
IRS990/OtherExpensesGrp/Desc3PRINT AND POSTAGE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02582
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1470
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt210221
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt310378
IRS990/OtherExpensesGrp/ProgramServicesAmt04024140
IRS990/OtherExpensesGrp/ProgramServicesAmt145646
IRS990/OtherExpensesGrp/ProgramServicesAmt29525
IRS990/OtherExpensesGrp/ProgramServicesAmt36363
IRS990/OtherExpensesGrp/TotalAmt04026722
IRS990/OtherExpensesGrp/TotalAmt146116
IRS990/OtherExpensesGrp/TotalAmt219746
IRS990/OtherExpensesGrp/TotalAmt316741
IRS990/OtherLiabilitiesGrp/BOYAmt09844
IRS990/OtherLiabilitiesGrp/EOYAmt0202275
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05206
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05206
IRS990/OtherRevenueTotalAmt05206
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0318582
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02870043
IRS990/OtherSalariesAndWagesGrp/TotalAmt03188625
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt030722
IRS990/PayrollTaxesGrp/ProgramServicesAmt0296838
IRS990/PayrollTaxesGrp/TotalAmt0327560
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0770526
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01527260
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02950
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0781645
IRS990/PrincipalOfficerNm0KENT SETON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/Desc0FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01333987
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01333987
IRS990/ProgSrvcAccomActy2Grp/Desc0OUTSCHOOL.ORG - TO PROVIDE FREE CLASSES TO PUBLIC SCHOOL FAMILIES AFFECTED BY SCHOOL CLOSURES AS A RESUT OF CORONAVIRUS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02623573
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0404923
IRS990/ProgSrvcAccomActy3Grp/Desc0THE 30 BIRDS FOUNDATION IS DEDICATED TO SAFEGUARDING THE FUTURE OF A GROUP OF 450 AFGHANS, PREDOMINANTLY SCHOOLGIRLS, WHO WE HAVE EVACUATED FROM TALIBAN-CONTROLLED AFGHANISTAN.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01397701
IRS990/ProgSrvcAccomActy3Grp/GrantAmt01166523
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SERVED AS FISCAL SPONSOR FOR OTHER ORGANIZATIONS TO PERFORM CHARITABLE PURPOSES.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt017956413
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt07942003
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt040165433
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt037537495
IRS990/PYInvestmentIncomeAmt0138198
IRS990/PYOtherExpensesAmt016078258
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01030251
IRS990/PYRevenuesLessExpensesAmt0-13549439
IRS990/PYSalariesCompEmpBnftPaidAmt01267568
IRS990/PYTotalExpensesAmt054883321
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt041333882
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt013849351
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0222214
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026694536
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt039835746
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt040165357
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt050712586
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt010297153
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt012550289
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0153561131
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt046575
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt095850
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt016728
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt028182
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt034313
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0221648
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03640820
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82040
IRS990ScheduleA/PublicSupportPY170Pct00.75680
IRS990ScheduleA/PublicSupportTotal170Amt0126165973
IRS990ScheduleA/SubstantialContributorsTotAmt027395158
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt039835746
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt040165357
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt050712586
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt010297153
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt012550289
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0153561131
IRS990ScheduleA/TotalSupportAmt0153782779
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/ScheduleBRequiredInd01
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0200000
IRS990ScheduleD/DonatedServicesUseFcltsAmt0200000
IRS990ScheduleD/DonorAdvisedFundsContriAmt03350000
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt0405399
IRS990ScheduleD/DonorAdvisedFundsHeldCnt07
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt03148250
IRS990ScheduleD/ExpensesNotReportedAmt0200000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt026012334
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01676
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07374
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09050
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1510850
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014054
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1165820
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt213001
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt39400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SALES TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3UNEARNED REVENUE
IRS990ScheduleD/OtherRevenueAmt0659946
IRS990ScheduleD/RevenueNotReportedAmt0-650904
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt039861685
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EDWARD CHARLES FOUNDATION (FOUNDATION) HAS RECEIVED TAX-EXEMPT STATUS FROM THE INTERNAL REVENUE SERVICE AND CALIFORNIA FRANCHISE TAX BOARD UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND SECTION 2370L(D) OF THE REVENUE AND TAXATION CODE, RESPECTIVELY. EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITION THE FOUNDATION HAS TAKEN IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS THE FOUNDATION HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, HENCE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THESE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAIN ON PENSION OBLIGATION
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01676
IRS990ScheduleD/TotalExpensesPerForm990Amt026012334
IRS990ScheduleD/TotalLiabilityAmt0202275
IRS990ScheduleD/TotalRevenuePerForm990Amt039861685
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt039210781
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt026212334
IRS990ScheduleF/BoycottCountriesInd00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,857,794
Liabilities
$1,738,776
Net assets
$34,119,018
Revenue
$39,861,685
Expenses
$26,012,334
Net income
$13,849,351
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.5$8.87$54.6$67.6$59.3$8.32
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.7$6.97$44.7$66.5$52.3$14.2
2023Detailed filing. Detailed filing data is available for this year.$35.9$1.74$34.1$39.9$26.0$13.8
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.2$1.04$21.1$41.3$54.9$13.5
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.1$1.03$36.1$51.6$21.0$30.5
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.69$0.35$5.35$10.9$9.25$1.62
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.68$2.99$3.69$13.3$17.4$4.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.58$0.43$8.16$13.9$8.73$5.19
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.08$3.40$7.53$6.44$1.09
2016Detailed filing. Detailed filing data is available for this year.$1.85$0.06$1.80$4.66$5.41$0.75
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.65$0.16$2.49$4.72$2.99$1.73
2014Detailed filing. Detailed filing data is available for this year.$0.78$0.04$0.74$1.79$1.32$0.47
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.00$0.13$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.00$0.03$0.06$0.08$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.00$0.04$0.19$0.14$0.04