Civic Intelligence

The Edison Foundation

990 • Fiscal year 2014 • EIN 31-1379781

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 11, 2014

1973 Edison Drive45356-9239

(937) 778-7806

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

3rd percentile

-97%

Higher net margin than 3% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

87th percentile

$174,323

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 89.3% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

54th percentile

3.1%

Faster asset growth than 54% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$2,042,406

Up $60,699 (+3.1%) from 2013

Net Assets

Up

$2,042,406

Up $60,699 (+3.1%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

$195,166

No earlier filing loaded for comparison.

Expenses

Down

$384,974

Down $84,409 (-18%) from 2013

Net Income

-$189,808

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $2,027,615Liabilities 2012: $0Net Assets 2012: $2,027,6152012Assets 2013: $1,981,707Liabilities 2013: $0Net Assets 2013: $1,981,7072013Assets 2014: $2,042,406Liabilities 2014: $0Net Assets 2014: $2,042,4062014Assets 2016: $1,820,704Liabilities 2016: $37,787Net Assets 2016: $1,782,9172016Assets 2017: $4,600,501Liabilities 2017: $55,686Net Assets 2017: $4,544,8152017Assets 2018: $4,617,914Liabilities 2018: $2,905Net Assets 2018: $4,615,0092018Assets 2019: $3,698,247Liabilities 2019: $92,763Net Assets 2019: $3,605,4842019Assets 2020: $3,069,593Liabilities 2020: $236,855Net Assets 2020: $2,832,7382020Assets 2021: $3,481,954Liabilities 2021: $1,000Net Assets 2021: $3,480,9542021Assets 2022: $3,221,617Liabilities 2022: $22,403Net Assets 2022: $3,199,2142022Assets 2023: $3,625,481Liabilities 2023: $29,407Net Assets 2023: $3,596,0742023

Highlighted filing

2014

Assets$2,042,406
Liabilities$0
Net Assets$2,042,406

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2012: $735,8512012Expenses 2013: $469,3832013Revenue 2014: $195,166Expenses 2014: $384,974Net Income 2014: -$189,8082014Revenue 2016: $139,014Expenses 2016: $370,070Net Income 2016: -$231,0562016Revenue 2017: $2,813,319Expenses 2017: $85,857Net Income 2017: $2,727,4622017Revenue 2018: $337,254Expenses 2018: $341,784Net Income 2018: -$4,5302018Revenue 2019: $471,179Expenses 2019: $1,627,525Net Income 2019: -$1,156,3462019Revenue 2020: $396,732Expenses 2020: $1,208,362Net Income 2020: -$811,6302020Revenue 2021: $293,050Expenses 2021: $186,388Net Income 2021: $106,6622021Revenue 2022: $421,323Expenses 2022: $329,155Net Income 2022: $92,1682022Revenue 2023: $498,679Expenses 2023: $294,521Net Income 2023: $204,1582023

Highlighted filing

2014

Revenue$195,166
Expenses$384,974
Net Income-$189,808
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 11, 2014
Return Version
2013v3.0
Gross Receipts
$657,760
Mission and Program Overview

Mission

The edison foundation assists edison state community college in meeting its educational and community service goals by providing resources to advance student success.

The purpose of the edison foundation is to operate exclusively for the benefit of edison community college, piqua, ohio. The foundation promotes and supports the programs, private scholarships, services and capital improvement projects of edison community college by soliciting, receiving, holding, administering and applying funds or other property, raised through gifts, devises, bequests, endowment, grants and otherwise for the benefit of edison and its students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,727,973$1,921,320▲ $193,347
Savings and Temporary Cash Investments$142,526$115,283▼ $27,243
Pledges and Grants Receivable$106,700--
Other Notes and Loans Receivable, Net$4,508$3,572▼ $936
Accounts Receivable-$2,231-
Total Assets$1,981,707$2,042,406▲ $60,699
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,189,460$1,299,804▲ $110,344
Temporarily Rstr Net Assets$658,625$601,268▼ $57,357
Permanently Rstr Net Assets$133,622$141,334▲ $7,712
Total Net Assets Fund Balance$1,981,707$2,042,406▲ $60,699
Total Liabilities and Net Assets / Fund Balance$1,981,707$2,042,406▲ $60,699

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$133,622$0▲ $8,140$-428$142,190
2012$132,332$817▲ $973$-500$133,622
2011$93,882$38,540▼ $90-$132,332
2010$1,046,634$199,000▲ $175,635$1,327,387$93,882
2009$985,502$13,238▲ $56,679$8,785$1,046,634
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Julie SlatterySecretaryFT$41,909$41,909
Kim HortonVP Institutional Adv.FT$29,100$29,100
Chris NormanFormer VP Inst. Adv.FT$25,664$25,664

Board Members and Trustees

NameTitle
Cristobal ValdezFormer College President
Cindy HelmanPresident
Chris HainesVice President
Ann BairdTrustee
Carrie RinehartTrustee
George AtkinsonTrustee
Jackie HartzellTrustee
James ThompsonTrustee
Jean HeathTrustee
Jeff KnieseTrustee
John WarnerTrustee
Mike DoddsTrustee
Thomas MilliganTrustee
Thomas WittTrustee
Betty LaughlinTrustee Emeritus
Harry FaulknerTrustee Emeritus
Michael Van HaarenTrustee Emeritus
Thomas RobinsonTrustee Emeritus
William LukensTrustee Emeritus
Alan KappersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$162,466
Program Service Revenue
$0
Investment Income
$70,734
Other Revenue
$-38,034
All Other Contributions
$81,964
Change in Net Assets
$-189,808

Audited Revenue Reconciliation

Revenue per Audited Statements
$257,543
Revenue Not Reported on Financial Statements
$-62,377
Revenue Not Reported on Form 990
$188,130
Other Revenue Adjustments
$-62,377
Total Revenue per Audited Statements
$445,673
Total Revenue per Form 990
$195,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$309,427
Other Expenses$75,547
Total Fundraising Expense$62,377
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$309,427--$309,427
Other Expenses$13,170-$62,377$13,170
Total Functional Expenses$322,597$0$62,377$384,974

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$384,974
Total Expenses per Audited Statements$384,974
Total Expenses per Form 990$384,974
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
31-0836468-170(b)(1)(a)(iv)To Assist and Benefit Edison Community College in Providing a Quality College Education$309,427
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$62,377
Fundraising Gross Income$24,343
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$104,845$24,343$39,262$-14,919
Total Events$104,845$24,343$62,377$-38,034
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
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 11

The governing body receives a copy of the audited financial statements for review and approval. The 990 is prepared using the audited financial statements. Therefore, the governing body does not deem it necessary to also review the 990.

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

The organization discusses any possible conflicts with the board members as those issues arise.

Form 990, Part VI, Section C, Line 19

The conflict of interest policy, the whistleblower policy, and the code of regulations are all available on the foundation's website.

Filing and Contact Details

Filer

EIN
31-1379781
Phone
9377787806

Signing Officer

Name
Kim Horton
Title
VP Institutional Advancement
Phone
9377787806
Signed
2014-12-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Horton
Formed
1993
Legal Domicile
Oh
Voting Board Members
26
Independent Board Members
21
Employees
0
Volunteers
0

Preparer

Preparer
Tony Wendeln CPA
Phone
9377736373
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Holiday evening event expense 62,377.

FORM 990, PART XII, LINE 2C:

The edison foundation has an oversight committee for the audit. Once the audit is complete, the governing body receives a copy of the audited financial statements for review and approval.

Financial Statement Notes

PART X, LINE 2:

Fasb interpretation no. 48, accounting for uncertainty in income taxes ("fin 48"), issued july 2006, was effective as of january 1, 2007. The foundation has elected to defer adoption of fin 48, in accordance with the provisions of fasb staff position no. Fin 48-3, which permits certain nonpublic enterprises to delay adoption until fiscal years beginning after december 15, 2008. Currently, the foundation accounts for contingencies associated with uncertain tax positions in accordance with sfas no.5, accounting for contingencies, which provides the recording of a contingency based on the probability of certain events to transpire that range from probable to remote.

Raw XML AppendixShowing 400 of 593 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/ActivityOrMissionDesc0THE PURPOSE OF THE EDISON FOUNDATION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF EDISON COMMUNITY COLLEGE, PIQUA, OHIO. THE FOUNDATION PROMOTES AND SUPPORTS THE PROGRAMS, PRIVATE SCHOLARSHIPS, SERVICES AND CAPITAL IMPROVEMENT PROJECTS OF EDISON COMMUNITY COLLEGE BY SOLICITING, RECEIVING, HOLDING, ADMINISTERING AND APPLYING FUNDS OR OTHER PROPERTY, RAISED THROUGH GIFTS, DEVISES, BEQUESTS, ENDOWMENT, GRANTS AND OTHERWISE FOR THE BENEFIT OF EDISON AND ITS STUDENTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0FORMER VP INST. ADV.
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP INSTITUTIONAL ADV.
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15FORMER COLLEGE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
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IRS990/MissionDesc0THE FOUNDATION IS ORGANIZED:(A) TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF EDISON COMMUNITY COLLEGE, PIQUA, OHIO, A PUBLIC INSTITUTION OF HIGHER EDUCATION, OWNED AND OPERATED BY THE BOARD OF TRUSTEES OF THE EDISON STATE COMMUNITY COLLEGE DISTRICT, A POLITICAL SUBDIVISION OF THE STATE OF OHIO;(B) TO PROMOTE AND RAISE FUNDS FOR THE PROGRAMS, DEPARTMENTS, SERVICES AND CAPITAL IMPROVEMENT PROJECTS OF EDISON COMMUNITY COLLEGE;(C) TO SOLICIT, RECEIVE, HOLD, ADMINISTER AND APPLY FUNDS OR OTHER PROPERTY, RAISED THROUGH GIFTS, DEVICES, LIFE INCOME CONTRACTS, BEQUESTS, ENDOWMENTS, GRANTS OR OTHERWISE, OR PROCEEDS THEREOF, FOR THE BENEFIT OF EDISON COMMUNITY COLLEGE; AND(D) IN GENERAL, TO DO THROUGH SUCH OTHER NECESSARY AND PROPER MEANS WHAT MAY BE REQUIRED TO EFFECT AND CARRY FORWARD THE AFORESAID PURPOSES.
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