Liabilities / Assets
38th percentile
Higher debt load relative to assets than 38% of similar nonprofits.
Edward Charles Foundation
990 • Fiscal year 2024 • EIN 26-4245043
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.13x
Liabilities / Revenue
21st percentile
Higher debt load relative to revenue than 21% of similar nonprofits.
Net Margin
77th percentile
Higher net margin than 77% of similar nonprofits.
Top Officer Pay
6th percentile
Higher top officer pay than 6% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
94th percentile
Faster asset growth than 94% of similar nonprofits.
Revenue Growth
89th percentile
Faster revenue growth than 89% of similar nonprofits.
Balance Sheet
Assets
Up$51,692,237
Up $15,834,443 (+44%) from 2023
Net Assets
Up$44,725,729
Up $10,606,711 (+31%) from 2023
Liabilities
Up$6,966,508
Up $5,227,732 (+301%) from 2023
Revenue And Expenses
Revenue
Up$66,506,474
Up $26,644,789 (+67%) from 2023
Expenses
Up$52,303,147
Up $26,290,813 (+101%) from 2023
Net Income
Up$14,203,327
Up $353,976 (+2.6%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- Nov 15, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $75,710,716
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
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $26,694,536 | $40,341,394 | ▲ $13,646,858 |
| Investments in Publicly Traded Securities | $4,835,984 | $6,299,597 | ▲ $1,463,613 |
| Pledges and Grants Receivable | $1,527,260 | $2,526,661 | ▲ $999,401 |
| Intangible Assets | $659,945 | $746,915 | ▲ $86,970 |
| Prepaid Expenses and Deferred Charges | $781,645 | $548,472 | ▼ $233,173 |
| Investments Other Securities | $499,000 | $528,000 | ▲ $29,000 |
| Cash and Non-Interest-Bearing Accounts | $319,288 | $485,722 | ▲ $166,434 |
| Accounts Receivable | $375,182 | $75,172 | ▼ $300,010 |
| Land, Buildings, and Equipment, Net | $1,676 | $0 | ▼ $1,676 |
| Total Assets | $35,857,794 | $51,692,237 | ▲ $15,834,443 |
| Other Assets Total | $163,278 | $140,304 | ▼ $22,974 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $616,514 | $5,567,922 | ▲ $4,951,408 |
| Grants Payable | $848,466 | $877,062 | ▲ $28,596 |
| Unsecured Notes Loans Payable | $71,521 | $290,607 | ▲ $219,086 |
| Other Liabilities | $202,275 | $230,917 | ▲ $28,642 |
| Total Liabilities | $1,738,776 | $6,966,508 | ▲ $5,227,732 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $33,174,544 | $43,467,537 | ▲ $10,292,993 |
| Net Assets Without Donor Restrictions | $944,474 | $1,258,192 | ▲ $313,718 |
| Total Net Assets Fund Balance | $34,119,018 | $44,725,729 | ▲ $10,606,711 |
| Total Liabilities and Net Assets / Fund Balance | $35,857,794 | $51,692,237 | ▲ $15,834,443 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $0 | $9,050 | $9,050 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Kent Seton | CEO, CFO |
| Kevin Grigorenko | CTO |
| Andrew Altsule | Secretary |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Sap Management Team INC | Management Services | 269 S BEVERLY DR 338, Beverly Hills, CA 90212, Pl | $1,234,538 |
| Flyps Sp Zoo | Programming Services | 11766 WILSHIRE BLVD STE 500, Los Angeles, CA 90025 | $610,140 |
| Dat Dude Entertainment | Management | 5400 IRWINDALE AV, Irwindale, CA 91706 | $393,472 |
| Phoenix Decorating Company INC | Float Building | 2020 N BAYSHORE DR APT 201, Miami, FL 33137 | $325,000 |
| Matter Unlimited LLC | Impact Consulting | - | $310,900 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $66,223,177
- Program Service Revenue
- $2,822,548
- Investment Income
- $459,069
- Other Revenue
- $-2,998,320
- All Other Contributions
- $61,275,599
- Change in Net Assets
- $14,203,327
Noncash Contribution Practices
- Property subject to holding requirements
- No
- Reviewed unusual noncash gifts
- No
- Third parties used for noncash contributions
- No
Noncash Contributions
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Securities Publicly Traded | 1 | $2,234,052 | Market Trading Value |
| Clothing and Household Goods | - | $90,317 | Actual Cost |
| Other Non Cash Contri Table | 8 | $30,055 | Acutal Costs |
| Cars and Other Vehicles | 2 | $28,297 | Fair Market Value |
| Other Non Cash Contri Table | 2 | $1,775 | Actual Cost |
| Food Inventory | 1 | $594 | Actual Cost |
| Total Noncash Contributions | 14 | $2,385,090 | - |
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $66,506,474
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $-3,396,616
- Total Revenue per Audited Statements
- $63,109,858
- Total Revenue per Form 990
- $66,506,474
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $30,606,469 |
| Other Expenses | $17,181,107 |
| Salaries, Compensation, and Employee Benefits | $4,515,571 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $21,999,748 | - | - | $21,999,748 |
| Foreign Grants | $8,126,627 | - | - | $8,126,627 |
| Fees for Services Other | $5,222,082 | $2,144,473 | - | $7,366,555 |
| Other Salaries and Wages | $3,558,564 | $414,722 | - | $3,973,286 |
| Fees for Services Accounting | $1,777,368 | $171,937 | - | $1,949,305 |
| Information Technology | $1,321,093 | $24,407 | - | $1,345,500 |
| Payroll Taxes | $499,179 | $43,106 | - | $542,285 |
| Grants to Domestic Individuals | $480,094 | - | - | $480,094 |
| Fees for Services Legal | $199,647 | $25,571 | - | $225,218 |
| Occupancy | $153,029 | $65,912 | - | $218,941 |
| Insurance | $35,661 | $88,805 | - | $124,466 |
| Other Expenses | $18,893 | $6,899 | - | $25,792 |
| Office Expenses | $5,455 | $15,619 | - | $21,074 |
| All Other Expenses | $5 | $11,276 | - | $11,281 |
| Advertising | - | $10,950 | - | $10,950 |
| Depreciation Depletion | $1,676 | - | - | $1,676 |
| Interest | $1,435 | - | - | $1,435 |
| Total Functional Expenses | $49,262,660 | $3,040,487 | $0 | $52,303,147 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $52,503,147 |
| Expenses per Audited Statements | $52,303,147 |
| Total Expenses per Form 990 | $52,303,147 |
| Expenses Not Reported on Form 990 | $200,000 |
| Expenses Not Reported on Financial Statements | $0 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Structural Unemployment (dba Working Nation) | Los Angeles, CA | 501(c)(3) | Charitable Gift | $4,213,478 |
| Gradalis Inc | Carrollton, TX | 501(c)(3) | Charitable Gift | $2,612,387 |
| Genosera Inc | Wilmington, DE | 501(c)(3) | Charitable Gift | $2,309,623 |
| Kindred One Foundation | Chino Hills, CA | 501(c)(3) | Charitable Gift | $1,819,018 |
| John Hopkins University | Baltimore, MD | 501(c)(3) | Charitable Gift | $894,014 |
| Artsdesign Alumni Research | Providence, RI | 501(c)(3) | Charitable Gift | $882,000 |
| Wildfiresorg | Claymont, DE | 501(c)(3) | Charitable Gift | $738,272 |
| Habitat for Humanity of Greater Nashville | Nashville, TN | 501(c)(3) | Charitable Gift | $500,000 |
| The Board of Trustees of Leland Stanford Jr University (dba Stanford Univer | Redwood City, CA | 501(c)(3) | Charitable Gift | $500,000 |
| College Track | Oakland, CA | 501(c)(3) | Charitable Gift | $475,000 |
| Thrive Market Inc | Los Angeles, CA | 501(c)(3) | Charitable Gift | $369,554 |
| CHILDREN'S HOSPITAL OF PITTSBURGH FOUNDATION | Pittsburgh, PA | 501(c)(3) | Charitable Gift | $340,000 |
| Prepaid Expense Card Solutions Inc (dba Pex) | New York, NY | 501(c)(3) | Charitable Gift | $296,100 |
| THE MR HOLLAND'S OPUS FOUNDATION | Studio City, CA | 501(c)(3) | Charitable Gift | $232,600 |
| American Near East Refugee Aid (dba Anera) | Washington, DC | 501(c)(3) | Charitable Gift | $225,000 |
| PALESTINE CHILDREN'S RELIEF FUND | Kent, OH | 501(c)(3) | Charitable Gift | $225,000 |
| United Nations Foundation Inc | Washington, DC | 501(c)(3) | Charitable Gift | $210,185 |
| The Period Co | Los Angeles, CA | 501(c)(3) | Charitable Gift | $202,668 |
| But God Ministries | Madison, MS | 501(c)(3) | Charitable Gift | $200,000 |
| International Rescue Committee Inc | New York, NY | 501(c)(3) | Charitable Gift | $186,870 |
| Starlink Initiative Ltd | Hawthorne, CA | 501(c)(3) | Charitable Gift | $176,000 |
| The Brent Shapiro Foundation for Drug Awareness | Los Angeles, CA | 501(c)(3) | Charitable Gift | $137,500 |
| Aqua Terra Aeris Law Group | Oakland, CA | 501(c)(3) | Charitable Gift | $100,000 |
| Arts & Business Council of Greater Nashville | Nashville, TN | 501(c)(3) | Charitable Gift | $100,000 |
| Atlanta Braves Foundation | Atlanta, GA | 501(c)(3) | Charitable Gift | $100,000 |
| Boys and Girls Club of America | Atlanta, GA | 501(c)(3) | Charitable Gift | $100,000 |
| Duke University | Durham, NC | 501(c)(3) | Charitable Gift | $100,000 |
| Merit Spread Foundation Inc | Aventura, FL | 501(c)(3) | Charitable Gift | $100,000 |
| The Entertainment Industry Foundation | Los Angeles, CA | 501(c)(3) | Charitable Gift | $100,000 |
| That Man May See Inc (dba All May See Foundation) | San Francisco, CA | 501(c)(3) | Charitable Gift | $96,444 |
| Montefiore Medical Center | Bronx, NY | 501(c)(3) | Charitable Gift | $93,000 |
| Give Merit Inc | Detroit, MI | 501(c)(3) | Charitable Gift | $87,500 |
| The Greg and India Keith Foundation | Charlotte, NC | 501(c)(3) | Charitable Gift | $87,500 |
| Providence Day School Inc | Charlotte, NC | 501(c)(3) | Charitable Gift | $81,250 |
| City of Jefferson City | Jefferson City, TN | 501(c)(3) | Charitable Gift | $80,000 |
| Single Parents in Need Foundation | Encino, CA | 501(c)(3) | Charitable Gift | $80,000 |
| City of Fort Worth | Fort Worth, TX | 501(c)(3) | Charitable Gift | $76,500 |
| Food Education Fund | New York, NY | 501(c)(3) | Charitable Gift | $75,000 |
| Little League Baseball Incorporated | Williamsport, PA | 501(c)(3) | Charitable Gift | $75,000 |
| RADY CHILDREN'S HOSPITAL FOUNDATION | San Diego, CA | 501(c)(3) | Charitable Gift | $75,000 |
| Rainforest Foundation Inc | Brooklyn, NY | 501(c)(3) | Charitable Gift | $70,000 |
| Schwab Charitable Fund | San Francisco, CA | 501(c)(3) | Charitable Gift | $62,500 |
| Offender Alumni Association | Birmingham, AL | 501(c)(3) | Charitable Gift | $60,000 |
| America Israel Democracy Coalition (dba Aid Coalition) | Wynnewood, PA | 501(c)(3) | Charitable Gift | $50,000 |
| American National Red Cross | Boone, IA | 501(c)(3) | Charitable Gift | $50,000 |
| Casa Familiar Inc | San Ysidro, CA | 501(c)(3) | Charitable Gift | $50,000 |
| Tackle Tomorrow Foundation | Dallas, TX | 501(c)(3) | Charitable Gift | $50,000 |
| The Defensive Line | Towson, MD | 501(c)(3) | Charitable Gift | $50,000 |
| Ukraine House Dc Federation Inc | Washington, DC | 501(c)(3) | Charitable Gift | $50,000 |
| Amplify Gr | Grand Rapids, MI | 501(c)(3) | Charitable Gift | $48,750 |
| National Museum of African American Music | Nashville, TN | 501(c)(3) | Charitable Gift | $40,000 |
| Tender Foundation Inc | Atlanta, GA | 501(c)(3) | Charitable Gift | $36,535 |
| Diamond Youth Baseball | Knoxville, TN | 501(c)(3) | Charitable Gift | $35,000 |
| Inbody | Beverly Hills, CA | 501(c)(3) | Charitable Gift | $35,000 |
| Mightycause Charitable Fdn | Marianna, FL | 501(c)(3) | Charitable Gift | $34,014 |
| Rainforest Trust Inc | Warrenton, VA | 501(c)(3) | Charitable Gift | $32,500 |
| Americans for Oxford | New York, NY | 501(c)(3) | Charitable Gift | $31,837 |
| Amazon Watch | Oakland, CA | 501(c)(3) | Charitable Gift | $31,000 |
| Rainforest Alliance Inc | New York, NY | 501(c)(3) | Charitable Gift | $31,000 |
| World Wildlife Fund Inc | Washington, DC | 501(c)(3) | Charitable Gift | $31,000 |
| Second Harvest Food Bank of East Tennessee | Maryville, TN | 501(c)(3) | Charitable Gift | $30,000 |
| William Howard Brown Farms LLC | Montezuma, GA | 501(c)(3) | Charitable Gift | $30,000 |
| Bb&d Hockey Ventures LLC | Lake Forest, CA | 501(c)(3) | Charitable Gift | $27,390 |
| The Jordan Elizabeth Harris Foundation | Fort Worth, TX | 501(c)(3) | Charitable Gift | $26,725 |
| Achieving Vicktory Foundation Inc | Las Vegas, NV | 501(c)(3) | Charitable Gift | $25,000 |
| American Cancer Society | Atlanta, GA | 501(c)(3) | Charitable Gift | $25,000 |
| Audubon Board of Education | Audubon, NJ | 501(c)(3) | Charitable Gift | $25,000 |
| Dana-farber Cancer Instituteinc | Brookline, MA | 501(c)(3) | Charitable Gift | $25,000 |
| Entertainment Industry College Outreach Program | Burbank, CA | 501(c)(3) | Charitable Gift | $25,000 |
| Girl Effect Inc | New York, NY | 501(c)(3) | Charitable Gift | $25,000 |
| Hayden Hurst Family Foundation Inc | Jacksonville, FL | 501(c)(3) | Charitable Gift | $25,000 |
| Hollywood Cares Foundation Inc | Los Angeles, CA | 501(c)(3) | Charitable Gift | $25,000 |
| Lexington Leadership Foundation Inc | Lexington, KY | 501(c)(3) | Charitable Gift | $25,000 |
| Surf & Turf Therapy | San Juan Capistrano, CA | 501(c)(3) | Charitable Gift | $25,000 |
| Team United | Charlotte, NC | 501(c)(3) | Charitable Gift | $25,000 |
| The Covenant School | Nashville, TN | 501(c)(3) | Charitable Gift | $25,000 |
| Tj Martell Fdn for Cancer Research | Nashville, TN | 501(c)(3) | Charitable Gift | $25,000 |
| Mount Sinai Hospital | New York, NY | 501(c)(3) | Charitable Gift | $22,000 |
| New York Presbyterian Fund Inc | New York, NY | 501(c)(3) | Charitable Gift | $20,700 |
| Emerald Youth Foundation | Knoxville, TN | 501(c)(3) | Charitable Gift | $20,000 |
| Jefferson City Little League | Jefferson City, TN | 501(c)(3) | Charitable Gift | $20,000 |
| Knox County Schools (adrian Burnett Elementary School) | Knoxville, TN | 501(c)(3) | Charitable Gift | $20,000 |
| Metro Police Christmas Charities Inc | Hermitage, TN | 501(c)(3) | Charitable Gift | $20,000 |
| Mission of Hope Inc | Knoxville, TN | 501(c)(3) | Charitable Gift | $20,000 |
| Second Harvest Food Bank of Middle Tennessee | Nashville, TN | 501(c)(3) | Charitable Gift | $20,000 |
| Second Harvest Food Bank of Northeast Tennessee | Kingsport, TN | 501(c)(3) | Charitable Gift | $20,000 |
| The Roots of Progress | Beaverton, OR | 501(c)(3) | Charitable Gift | $20,000 |
| The Krim Group Inc | Miami, FL | 501(c)(3) | Charitable Gift | $19,352 |
| Mmb Enterprises LLC | Scotch Plains, NJ | 501(c)(3) | Charitable Gift | $18,618 |
| Homes for Our Troops (rockland Trust) | Taunton, MA | 501(c)(3) | Charitable Gift | $18,000 |
| PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS MD | Upper Marlboro, MD | 501(c)(3) | Charitable Gift | $17,500 |
| Berkley House Foundation | Palo Alto, CA | 501(c)(3) | Charitable Gift | $15,000 |
| Fury Sports Club | Harrison, OH | 501(c)(3) | Charitable Gift | $15,000 |
| Just Keep Livin Fdn | Sherman Oaks, CA | 501(c)(3) | Charitable Gift | $15,000 |
| K9s for Warriors Inc | Ponte Vedra, FL | 501(c)(3) | Charitable Gift | $15,000 |
| Philanthropic Ventures Foundation | Oakland, CA | 501(c)(3) | Charitable Gift | $15,000 |
| Vardy Community Historical Society Inc | Sneedville, TN | 501(c)(3) | Charitable Gift | $15,000 |
| Windward School | Los Angeles, CA | 501(c)(3) | Charitable Gift | $15,000 |
| NY POLICE & FIRE WIDOW'S & CHILDREN'S BENEFIT FUND INC (DBA ANSWER THE C | New York, NY | 501(c)(3) | Charitable Gift | $14,300 |
| Foodcorps Inc | Portland, OR | 501(c)(3) | Charitable Gift | $12,500 |
| Ravens Foundation Inc | Owings Mills, MD | 501(c)(3) | Charitable Gift | $12,500 |
| Schoolseed Foundation | Memphis, TN | 501(c)(3) | Charitable Gift | $12,113 |
| William Raymond Communications | Manhattan Beach, CA | 501(c)(3) | Charitable Gift | $11,500 |
| Defy Ventures Inc | Los Angeles, CA | 501(c)(3) | Charitable Gift | $11,111 |
| Dream Center of Forsyth County | Winston Salem, NC | 501(c)(3) | Charitable Gift | $11,000 |
| Feedmore Western New York Inc | Buffalo, NY | 501(c)(3) | Charitable Gift | $11,000 |
| Trusted Gives | Buffalo, NY | 501(c)(3) | Charitable Gift | $11,000 |
| Interbay Little League Inc | Tampa, FL | 501(c)(3) | Charitable Gift | $10,008 |
| Alliance of Ai for Equity | Alexandria, VA | 501(c)(3) | Charitable Gift | $10,000 |
| CAMBODIAN CHILDREN'S FUND | Santa Monica, CA | 501(c)(3) | Charitable Gift | $10,000 |
| Castle Hill Little League Inc | Bronx, NY | 501(c)(3) | Charitable Gift | $10,000 |
| Community Initiatives | Oakland, CA | - | Charitable Gift | $10,000 |
| Cure Violence Atlanta Inc (dba Hope Hustler) | Atlanta, GA | 501(c)(3) | Charitable Gift | $10,000 |
| Cystic Fibrosis Foundation | Bethesda, MD | 501(c)(3) | Charitable Gift | $10,000 |
| ETHAN'S SMILE FOUNDATION | La Conner, WA | - | Charitable Gift | $10,000 |
| Everymom Chicago | Chicago, IL | 501(c)(3) | Charitable Gift | $10,000 |
| Humanitarian Organization Divac | Mokena, IL | - | Charitable Gift | $10,000 |
| Jessie Rees Foundation | Rancho Santa Margarita, CA | 501(c)(3) | Charitable Gift | $10,000 |
| Kering Foundation in the Americas Inc | New York, NY | 501(c)(3) | Charitable Gift | $10,000 |
| Klein Forest High School Band Booster Club Inc | Houston, TX | - | Charitable Gift | $10,000 |
| Los Angeles Jewish Home for the Aging | Reseda, CA | - | Charitable Gift | $10,000 |
| Make a Wish Foundation International | Phoenix, AZ | 501(c)(3) | Charitable Gift | $10,000 |
| North Shore Animal League America Inc Dba Animal League America | Port Washington, NY | 501(c)(3) | Charitable Gift | $10,000 |
| Players Philanthropy Fund Dba Astrordinary Dobbs Foundation Inc | Towson, MD | 501(c)(3) | Charitable Gift | $10,000 |
| Regents of the University of Michigan | Ann Arbor, MI | 501(c)(3) | Charitable Gift | $10,000 |
| TUESDAY'S CHILDREN | Manhasset, NY | 501(c)(3) | Charitable Gift | $10,000 |
| The Healthy Room Project | Saint George, UT | 501(c)(3) | Charitable Gift | $10,000 |
| The Jewish Federation Council of Greater La | Los Angeles, CA | 501(c)(3) | Charitable Gift | $10,000 |
| The Relentless Church Inc Dba Love Story Church | Greenville, SC | - | Charitable Gift | $10,000 |
| Tides Foundation (dba Community Justice Reform Coalition) | Los Angeles, CA | 501(c)(3) | Charitable Gift | $10,000 |
| Valeisha LLC | Porter Ranch, CA | 501(c)(3) | Charitable Gift | $10,000 |
| Veterans Fighting Fascism Inc | Lewes, DE | 501(c)(3) | Charitable Gift | $10,000 |
| Waco Housing Authority & Affiliates | Waco, TX | 501(c)(3) | Charitable Gift | $10,000 |
| Wags and Walks | Los Angeles, CA | 501(c)(3) | Charitable Gift | $10,000 |
| Ymca of San Diego County (mission Valley Ymca) | San Diego, CA | 501(c)(3) | Charitable Gift | $10,000 |
| The Science Haven | Alexandria, VA | - | Charitable Gift | $8,436 |
| Acevedo Foundation | Santa Monica, CA | - | Charitable Gift | $8,325 |
| Edwin J Gregson Foundation | Arcadia, CA | - | Charitable Gift | $8,000 |
| Direct Relief | Santa Barbara, CA | - | Charitable Gift | $7,500 |
| Heroes and Horses | Manhattan, MT | - | Charitable Gift | $7,500 |
| Pasadena Panthers Inc | Pasadena, CA | - | Charitable Gift | $7,500 |
| Powell Band Boosters Association | Powell, TN | - | Charitable Gift | $7,500 |
| Transcendance Youth Arts Project (dba Transcentdance) | San Diego, CA | - | Charitable Gift | $7,500 |
| Th Ventures LLC | Fox Point, WI | - | Charitable Gift | $6,577 |
| Central Unified School District | Fresno, CA | - | Charitable Gift | $6,200 |
| Erie County Restorative Justice Coalition | Buffalo, NY | - | Charitable Gift | $6,000 |
| Valleywide Fence LLC | Grand Junction, CO | - | Charitable Gift | $5,901 |
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 Item | Amount |
|---|---|
| Fundraising Direct Expenses | $5,968,800 |
| Fundraising Gross Income | $2,951,280 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| 1 Rdj Dream Cars | $1,703,422 | $1,703,422 | $467,306 | $1,236,116 |
| 2 Faith Fight Finish Gala | $1,447,983 | $750,000 | $325,332 | $424,668 |
| Total Events | $7,259,030 | $2,951,280 | $5,130,475 | $-2,179,195 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Interested-Person Transactions
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Sap Management Team Inc | Kent Seton Is the Owner of S.a.p. & the CEO of Edward Charles Foundation | WITH RESPECT TO THE MANAGEMENT OF ITS FISCAL SPONSORSHIP PROGRAM AND ITS LEADERSHIP TEAM, EDWARD CHARLES FOUNDATION ("ECF") SECURES THESE SERVICES FROM S.A.P. MANAGEMENT, A BUSINESS OWNED BY ECF'S CEO (WHO IS NOT COMPENSATED DIRECTLY BY ECF). THE FEES PAID TO S.A.P. MANAGEMENT ARE DETERMINED BASED ON THE COST AND VALUE OF THE SERVICES PERFORMED BY S.A.P. MANAGEMENT THROUGH ITS OWN EMPLOYEES, ON AN ARMS-LENGTH BASIS, APPROVED BY THE DISINTERESTED DIRECTORS OF ECF AS REPRESENTING FAIR MARKET VALUE FOR THE SERVICES PROVIDED. | No | $1,234,538 |
| Sap Management Team Inc | Kent Seton Is the Owner of S.a.p. & the CEO of Edward Charles Foundation | Edward Charles Foundation Made Payments to the S.a.p. Management for Licensing Fees. the License Is for Business Expertise, Client Base, Networking, Intellectual Property, and Exempt Organization Know-how. | No | $529,088 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Lease Liability | $141,601 |
| Deposits | $30,629 |
| Sales Tax | $30,296 |
| Credit Cards Payable | $17,446 |
| Unearned Revenue | $10,945 |
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
- 2024-11-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Kent Seton
- Formed
- 2009
- Legal Domicile
- De
- Voting Board Members
- 3
- Independent Board Members
- 2
- Employees
- 44
- Volunteers
- 50
Preparer
- Firm
- Baker Tilly Advisory Group Lp
- Address
- 6320 CANOGA AVE 17TH FLOOR, WOODLAND HILLS, CA 91367
- Preparer
- Shashi Mirpuri
- Phone
- 8189950090
Supplemental Narrative
Additional Explanations
Form 990, Part IX, Line 11G
“Consulting: program service expenses 5,222,082. Management and general expenses 2,144,473. Fundraising expenses 0. Total expenses 7,366,555.”
FORM 990, PART XI, LINE 9:
“Gain on pension obligation 86,969.”
Form 990, Schedule B
“Shares 6.00 aon plc shs 1,892.34 35.00 axalta coating systems ltd com 1,127.00 2.00 accenture plc 755.82 15.00 eaton corporation plc 4,253.55 10.00 linde plc com 4,448.00 41.00 norwegian cruise line hldg ltd 782.69 7.00 trane technologies plc 1,984.64 11.00 royal caribbean group 1,355.75 12.00 adobe inc com 6,629.88 39.00 advanced micro devices inc 6,942.00 14.00 airbnb inc 2,128.84 3.00 align technology inc 939.18 126.00 alphabet inc 17,652.60 142.00 alphabet inc cap 19,720.96 206.00 amazon.com inc 35,749.24 17.00 american express co 3,705.66 2.00 ameriprise financial inc 817.42 7.00 ametek inc 1,244.39 20.00 amphenol corp 2,158.80 13.00 analog devices inc 2,457.91 12.00 ansys inc 4,029.24 7.00 apollo global mgmt inc 775.74 370.00 apple inc 67,573.10 26.00 applied materials inc 5,274.36 7.00 autodesk inc 1,798.65 17.00 baker hughes company cl a 505.24 39.00 berkshire hathaway inc com 15,947.49 17.00 blackstone inc 2,154.75 13.00 boeing co 2,618.20 51.00 boston scientific corp 3,387.93 10.00 broadcom inc 12,962.30 19.00 cbiz inc 1,448.18 10.00 cme group inc 2,194.50 15.00 csx corp 569.40 9.00 cadence design systems inc com 2,700.09 14.00 caesars entertainment inc 587.44 19.00 capital one financial corp com 2,599.58 10.00 carmax inc 766.60 100.00 carnival corp 1,591.00 42.00 carrier global corporation 2,311.68 10.00 cheniere energy inc 1,531.80 82.00 cisco systems inc 3,961.42 1.00 cintas corp 628.15 30.00 cognizant technology solutions 2,374.20 39.00 coinbase global inc com cl a 7,769.58 113.00 comcast corp 4,776.51 32.00 copart inc 1,693.44 11.00 costco wholesale corp com 8,191.81 30.00 delta air lines inc 1,259.40 61.00 diamondrock hospitality co 559.98 47.00 disney walt co 5,142.74 9.00 doordash inc 1,113.30 29.00 dow inc com 1,631.83 12.00 dupont de nemours inc com 835.20 20.00 ebay inc. Com 887.80 8.00 emcor group inc 2,219.76 3.00 equinix inc 2,619.15 9.00 exact sciences corp 512.10 53.00 meta platforms inc class a 25,813.65 42.00 fastenal com 3,072.30 19.00 federal signal corp 1,600.56 10.00 fedex corp com 2,414.00 19.00 fiserv inc com 2,862.35 9.00 floor &decor hldgs inc cl a 1,084.95 108.00 ford mtr co 1,296.00 26.00 fortinet inc 1,818.70 16.00 fortune brands innovations inc co 34964c106 1,303.36 19.00 franklin electric 1,907.03 11.00 ge healthcare technologies inc 1,017.72 3.00 arthur j. Gallagher & co. 730.65 34.00 general electric co 5,235.66 15.00 global payments inc 1,998.45 23.00 graco inc 2,060.11 7.00 hca healthcare inc 2,198.00 27.00 hp inc com 778.41 16.00 "hilton worldwide hldgs inc " 3,257.44 4.00 idexx laboratories inc 2,300.28 6.00 illinois tool works inc 1,569.06 19.00 ingersoll rand inc 1,717.22 88.00 intel corp 3,760.24 6.00 intuit inc 4,016.16 67.00 jpmorgan chase & co 12,291.15 1.00 kla corp 677.58 64.00 kb home 4,076.80 17.00 kroger co 822.29 4.00 lam research corp 3,722.92 10.00 las vegas sands corp 534.00 4.00 lennox international inc 1,876.16 11.00 liberty media corp 757.68 1.00 eli lilly &co com 765.00 2.00 lululemon athletica inc 935.68 24.00 mgm resorts international 1,008.00 14.00 msc industrial direct co inc 1,401.96 4.00 msci inc 2,231.36 28.00 steven madden ltd 1,221.64 3.00 marsh &mclennan companies inc 609.69 12.00 marriott international inc 2,988.36 5.00 martin marietta materials inc 2,795.40 41.00 marvell technology inc 2,834.33 19.00 mastercard incorporated cl a 9,020.25 16.00 mcdonald s corp 4,700.16 144.00 microsoft corp 58,677.12 15.00 microchip technology inc 1,244.10 25.00 micron technology inc 2,296.25 38.00 mondelez intl inc 2,778.94 5.00 monolithic power systems inc 3,546.45 34.00 monster beverage corp 1,907.74 8.00 moodys corp 3,021.36 11.00 moog inc 1,640.10 4.00 motorola solutions inc 1,314.72 82.00 mueller water products inc 1,285.76 11.00 netflix inc 6,618.37 11.00 nucor corp 2,124.32 56.00 nvidia corporation 44,072.56 3.00 oreilly automotive inc 3,245.25 7.00 okta inc 608.37 6.00 old dominion freight line inc 2,646.36 20.00 on semiconductor corp com 1,539.40 36.00 oracl”
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 23701(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 2,160 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/OfficeExpensesGrp/TotalAmt | 0 | 21074 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 163278 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 140304 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 86969 |
| IRS990/OtherExpensesGrp/Desc | 0 | AWARENESS EVENT |
| IRS990/OtherExpensesGrp/Desc | 1 | BANK CHARGES |
| IRS990/OtherExpensesGrp/Desc | 2 | PRINT AND POSTAGE |
| IRS990/OtherExpensesGrp/Desc | 3 | LICENSES AND FEES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 9169 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 2950 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 4691 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 6899 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 5164635 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 663212 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 34257 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 18893 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 5173804 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 666162 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 38948 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 25792 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 202275 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 230917 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 414722 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 3558564 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 3973286 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 43106 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 499179 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 542285 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 1527260 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 2526661 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 781645 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 548472 |
| IRS990/PrincipalOfficerNm | 0 | KENT SETON |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 561000 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 561000 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | FEE INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | SERVICE INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1965620 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 856928 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1965620 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 856928 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | COSMOS IS AIMED AT HELPING HUMANITY THROUGH RESEARCH, FELLOWSHIPS, GRANTS AND EDUCATION. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 3925010 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 3545200 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | WORKINGNATIONS EDUCATES THE PUBLIC AND ASSISTS IN ALLEVIATING THE BURDENS OF THOSE WHO ARE POOR & UNEMPLOYED. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 4348881 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 4213478 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | SERVED AS FISCAL SPONSOR FOR OTHER ORGANIZATIONS TO PERFORM CHARITABLE PURPOSES. |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 0 | 34652450 |
| IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt | 0 | 16531767 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 39835746 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 11613449 |
| IRS990/PYInvestmentIncomeAmt | 0 | 20135 |
| IRS990/PYOtherExpensesAmt | 0 | 10882700 |
| IRS990/PYOtherRevenueAmt | 0 | -1328183 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1333987 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 13849351 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 3516185 |
| IRS990/PYTotalExpensesAmt | 0 | 26012334 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 39861685 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 14203327 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 19200 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 26694536 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 40341394 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 61911120 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 39835746 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 40165357 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 50712586 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 10297153 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 202921962 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 459148 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 46575 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 95850 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 16728 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 28182 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 646483 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 4564191 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.82140 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.82040 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 167212794 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 35709168 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 61911120 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 39835746 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 40165357 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 50712586 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 10297153 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 202921962 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 203568445 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/DisclosedForCharitablePrpsInd | 0 | 1 |
| IRS990ScheduleD/DisclosedOrgLegCtrlInd | 0 | 1 |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 200000 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 200000 |
| IRS990ScheduleD/DonorAdvisedFundsContriAmt | 0 | 137000 |
| IRS990ScheduleD/DonorAdvisedFundsGrantsAmt | 0 | 2150350 |
| IRS990ScheduleD/DonorAdvisedFundsHeldCnt | 0 | 6 |
| IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt | 0 | 1119695 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 200000 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 52303147 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | -3683585 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 9050 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 9050 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 17446 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 141601 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 30296 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 10945 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 30629 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | CREDIT CARDS PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | LEASE LIABILITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | SALES TAX |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | UNEARNED REVENUE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | DEPOSITS |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 86969 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | -3396616 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 66506474 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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 23701(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/ExplanationTxt | 1 | GAIN ON PENSION OBLIGATION |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 52303147 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 230917 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 66506474 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $51,692,237
- Liabilities
- $6,966,508
- Net assets
- $44,725,729
- Revenue
- $66,506,474
- Expenses
- $52,303,147
- Net income
- $14,203,327