Civic Intelligence

The Edison Foundation

990 • Fiscal year 2015 • EIN 31-1379781

Jul 01, 2014 to Jun 30, 2015 • Filed on Dec 03, 2015

Refreshing map…

1973 Edison DrivePiqua, OH 45356-9239

(937) 778-7806

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

26th percentile

-5.5%

Higher net margin than 26% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

64th percentile

$89,815

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 29.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

50th percentile

0.7%

Faster asset growth than 50% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

90th percentile

57%

Faster revenue growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,056,185

Up $13,779 (+0.7%) from 2014

Net Assets

Up

$2,048,744

Up $6,338 (+0.3%) from 2014

Liabilities

Up

$7,441

Up $7,441 from 2014

Revenue

Up

$306,796

Up $111,630 (+57%) from 2014

Expenses

Down

$323,819

Down $61,155 (-16%) from 2014

Net Income

Up

-$17,023

Up $172,785 (+91%) from 2014

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 2015: $2,056,185Liabilities 2015: $7,441Net Assets 2015: $2,048,7442015Assets 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

2015

Assets$2,056,185
Liabilities$7,441
Net Assets$2,048,744

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 2015: $306,796Expenses 2015: $323,819Net Income 2015: -$17,0232015Revenue 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

2015

Revenue$306,796
Expenses$323,819
Net Income-$17,023
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Dec 3, 2015
Return Version
2014v5.0
Gross Receipts
$1,045,160
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 foundation is organized: (a) to opertate 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; (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 purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,921,320$1,992,342▲ $71,022
Savings and Temporary Cash Investments$115,283$56,285▼ $58,998
Pledges and Grants Receivable-$4,202-
Other Notes and Loans Receivable, Net$3,572--
Accounts Receivable$2,231$3,356▲ $1,125
Total Assets$2,042,406$2,056,185▲ $13,779
Liabilities
Accounts Payable and Accrued Expenses-$7,441-
Total Liabilities$0$7,441▲ $7,441
Net Assets / Fund Balance
Unrestricted Net Assets$1,299,804$1,585,718▲ $285,914
Temporarily Rstr Net Assets$601,268$319,138▼ $282,130
Permanently Rstr Net Assets$141,334$143,888▲ $2,554
Total Net Assets Fund Balance$2,042,406$2,048,744▲ $6,338
Total Liabilities and Net Assets / Fund Balance$2,042,406$2,056,185▲ $13,779

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$141,334-▲ $2,478$-124-
2013$133,622-▲ $8,140$-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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Kim HortonVP InstitutiFT$89,815$89,815
Julie SlatterySecretaryFT$31,708$31,708

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$218,012
Program Service Revenue
$0
Investment Income
$145,820
Other Revenue
$-57,036
All Other Contributions
$135,945
Change in Net Assets
$-17,023

Audited Revenue Reconciliation

Revenue per Audited Statements
$401,207
Revenue Not Reported on Financial Statements
$-94,411
Revenue Not Reported on Form 990
$-71,050
Other Revenue Adjustments
$-94,411
Total Revenue per Audited Statements
$330,157
Total Revenue per Form 990
$306,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$215,669
Other Expenses$108,150
Total Fundraising Expense$94,411
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$215,669--$215,669
Other Expenses$13,739-$94,411$13,739
Total Functional Expenses$229,408$0$94,411$323,819

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$323,819
Total Expenses per Audited Statements$323,819
Total Expenses per Form 990$323,819
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Edison Community CollegePiqua, OH170(b)To Assist and Benefi$215,669
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$94,411
Fundraising Gross Income$37,375
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Holiday & Eveni$119,442$37,375$54,768$-17,393
Total Events$119,442$37,375$94,411$-57,036
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
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

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, Page 6, Part VI, Line 12C

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

Form 990, Page 6, Part VI, Line 19

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

Form 990, Page 7, Part VII

Parent organization has filed a separate return

Filing and Contact Details

Filer

Filer Name
The Edison Foundation
EIN
31-1379781
Phone
9377787806
Address
1973 EDISON DRIVE, PIQUA, OH 45356-9239

Signing Officer

Name
Kim Horton
Title
VP Institutional Advancement
Phone
9377787806
Signed
2015-12-03
Discuss with paid preparer
Yes

Organization Details

Formed
1993
Legal Domicile
Oh
Voting Board Members
26
Independent Board Members
21
Employees
0
Volunteers
50

Preparer

Firm
Murray Wells Wendeln & Robinson Cpas Inc
Address
PO BOX 613, PIQUA, OH 45356-0613
Preparer
Tony Wendeln CPA
Phone
9377736373
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundation is organized: (a) to opertate 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; (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 purpose.

Form 990, Part XI, Line 9

Holiday evening event expense 94,411

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Holiday evening event expense -94,411

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IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
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/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE EMER
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE EMER
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE EMER
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE EMER
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE EMER
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
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IRS990/MissionDesc0THE FOUNDATION IS ORGANIZED: (A) TO OPERTATE 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; (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 PURPOSE.
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IRS990ScheduleA/CollegeOrganizationInd0X
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt079076
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt061972
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt042360
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt043505
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt037375
IRS990ScheduleA/PublicSupportCY170Pct00.47850
IRS990ScheduleA/PublicSupportPY170Pct00.57310
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0218012
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0162466
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0288841
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0258856
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0339430
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01267605
IRS990ScheduleA/TotalSupportAmt01542190
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0141334
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02478
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0-124
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0133622
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-94411
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HOLIDAY EVENING EVENT EXPENSE -94,411
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
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IRS990ScheduleI/RecipientTable/CashGrantAmt0215669
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(B)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ASSIST AND BENEFI
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EDISON COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0310836468
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01973 EDISON DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PIQUA

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.63$0.03$3.60$0.50$0.29$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.22$0.02$3.20$0.42$0.33$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.00$3.48$0.29$0.19$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.07$0.24$2.83$0.40$1.21$0.81
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.70$0.09$3.61$0.47$1.63$1.16
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.62$0.00$4.62$0.34$0.34$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.60$0.06$4.54$2.81$0.09$2.73
2016Detailed filing. Detailed filing data is available for this year.$1.82$0.04$1.78$0.14$0.37$0.23
2015Detailed filing. Detailed filing data is available for this year.$2.06$0.01$2.05$0.31$0.32$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.04$0.00$2.04$0.20$0.38$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.00$1.98$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.00$2.03$0.74