Civic Intelligence

The Edison Foundation

990 • Fiscal year 2016 • EIN 31-1379781

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 14, 2016

Organization ProfileWWW.EDISONOHIO.EDU

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

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.27x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

2nd percentile

-166%

Higher net margin than 2% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

73rd percentile

$109,904

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 79.1% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

11th percentile

-11%

Faster asset growth than 11% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-55%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$1,820,704

Down $221,702 (-11%) from 2014

Net Assets

Down

$1,782,917

Down $259,489 (-13%) from 2014

Liabilities

Up

$37,787

Up $37,787 from 2014

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin2nd percentile

Revenue

Down

$139,014

Down $56,152 (-29%) from 2014

Expenses

Down

$370,070

Down $14,904 (-3.9%) from 2014

Net Income

Down

-$231,056

Down $41,248 (-22%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

2016

Assets$1,820,704
Liabilities$37,787
Net Assets$1,782,917
Open 2016 Filing

Operations Trend

Revenue Growth5th percentile

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

2016

Revenue$139,014
Expenses$370,070
Net Income-$231,056
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$940,575
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 state 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,992,342$1,736,613▼ $255,729
Savings and Temporary Cash Investments$56,285$79,563▲ $23,278
Pledges and Grants Receivable$4,202$2,884▼ $1,318
Accounts Receivable$3,356$1,644▼ $1,712
Total Assets$2,056,185$1,820,704▼ $235,481
Liabilities
Accounts Payable and Accrued Expenses$7,441$37,787▲ $30,346
Total Liabilities$7,441$37,787▲ $30,346
Net Assets / Fund Balance
Unrestricted Net Assets$1,585,718$1,404,681▼ $181,037
Temporarily Rstr Net Assets$319,138$244,348▼ $74,790
Permanently Rstr Net Assets$143,888$133,888▼ $10,000
Total Net Assets Fund Balance$2,048,744$1,782,917▼ $265,827
Total Liabilities and Net Assets / Fund Balance$2,056,185$1,820,704▼ $235,481

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$143,888--$-10,000$133,888
2014$141,334$200▲ $2,478$-124$143,888
2013$133,622-▲ $8,140$-428$141,334
2012$132,332$817▲ $973$-500$133,622
2011$93,882$38,540▼ $90-$132,332
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Doreen LarsonCollege PresFT$109,904$109,904
Kim HortonFormer VPFT$92,332$92,332
Julie SlatterySecretary-$30,026$30,026

Board Members and Trustees

NameTitle
Stanley EvansChair
Darryl MehaffieTrustee
Edward W CurryTrustee
Jackie HartzellTrustee
James ThompsonTrustee
Jean HeathTrustee
Jennifer WilliamsTrustee
John WarnerTrustee
Kent JamesTrustee
Thomas MilliganTrustee
Ann BairdTrustee Emer
Betty LaughlinTrustee Emer
Harry FaulknerTrustee Emer
Michael Van HaarenTrustee Emer
Thomas RobinsonTrustee Emer
William LukensTrustee Emer
Jeff KnieseTreasurer
Richard HanesVP Bus/comm
Revenue and Support

Revenue Composition

Contributions and Grants
$181,393
Program Service Revenue
$0
Investment Income
$20,083
Other Revenue
$-62,462
All Other Contributions
$123,668
Change in Net Assets
$-231,056

Audited Revenue Reconciliation

Revenue per Audited Statements
$139,014
Revenue Not Reported on Form 990
$-34,771
Total Revenue per Audited Statements
$104,243
Total Revenue per Form 990
$139,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$356,957
Other Expenses$13,113
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$356,957--$356,957
Other Expenses$13,113--$13,113
Total Functional Expenses$370,070$0$0$370,070

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$370,070
Total Expenses per Audited Statements$370,070
Total Expenses per Form 990$370,070
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Edison State Community CollegePiqua, OH170(b)To Assist College$356,957
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$90,962
Fundraising Gross Income$28,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Holiday Evening$86,225$28,500$49,440$-20,940
Total Events$86,225$28,500$90,962$-62,462
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.”

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
Richard Hanes
Title
VP Bus/comm Ptrships
Phone
9377787806
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Hanes
Formed
1993
Legal Domicile
Oh
Voting Board Members
26
Independent Board Members
21
Employees
0

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.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE EMER
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE EMER
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE EMER
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE EMER
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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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IRS990/NetUnrlzdGainsLossesInvstAmt0-34771
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/PrincipalOfficerNm0RICHARD HANES
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IRS990/PYInvestmentIncomeAmt0145820
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IRS990/PYOtherRevenueAmt0-57036
IRS990/PYRevenuesLessExpensesAmt0-17023
IRS990/PYTotalExpensesAmt0323819
IRS990/PYTotalRevenueAmt0306796
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-231056
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt056285
IRS990/SavingsAndTempCashInvstGrp/EOYAmt079563
IRS990ScheduleA/CollegeOrganizationInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0258856
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01109568
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt062284
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt061972
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt042360
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0162466
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0288841
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0258856
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01109568
IRS990ScheduleA/TotalSupportAmt01398765
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
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0133888
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0-10000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0141334
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0200
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0143888
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02478
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0-124
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0133622
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0141334
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08140
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0-428
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0132332
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0817
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0133622
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0973
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0-500
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt038540
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0132332
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-90
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0370070
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-34771
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IRS990ScheduleD/RevenueSubtotalAmt0139014
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IRS990ScheduleD/TotalRevenuePerForm990Amt0139014
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ASSIST COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EDISON STATE COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0310836468
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01973 EDISON DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PIQUA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,820,704
Liabilities
$37,787
Net assets
$1,782,917
Revenue
$139,014
Expenses
$370,070
Net income
-$231,056
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
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