Civic Intelligence

Edge Foundation

990 • Fiscal year 2023 • EIN 35-2262709

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

2017 Fairview Avenue East Ste ISeattle, WA 98102-7113

(888) 781-8886

Siviq Scores

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

Liabilities / Assets

80th percentile

0.28x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.12x

Higher debt load relative to revenue than 71% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

10th percentile

-37%

Higher net margin than 10% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

67th percentile

$50,000

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

4th percentile

-45%

Faster asset growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

5th percentile

-58%

Faster revenue growth than 5% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$222,847

Down $185,355 (-45%) from 2022

Net Assets

Down

$160,551

Down $187,315 (-54%) from 2022

Liabilities

Up

$62,296

Up $1,960 (+3.2%) from 2022

Revenue

Down

$505,434

Down $689,903 (-58%) from 2022

Expenses

Down

$692,749

Down $311,817 (-31%) from 2022

Net Income

Down

-$187,315

Down $378,086 (-198%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $423,129Liabilities 2010: $269,434Net Assets 2010: $153,6952010Assets 2011: $270,669Liabilities 2011: $108,287Net Assets 2011: $162,3822011Assets 2012: $214,524Liabilities 2012: $94,262Net Assets 2012: $120,2622012Assets 2015: $119,776Liabilities 2015: $69,791Net Assets 2015: $49,9852015Assets 2016: $112,441Liabilities 2016: $60,036Net Assets 2016: $52,4052016Assets 2017: $189,504Liabilities 2017: $68,495Net Assets 2017: $121,0092017Assets 2018: $169,985Liabilities 2018: $67,087Net Assets 2018: $102,8982018Assets 2021: $211,527Liabilities 2021: $65,271Net Assets 2021: $146,2562021Assets 2022: $408,202Liabilities 2022: $60,336Net Assets 2022: $347,8662022Assets 2023: $222,847Liabilities 2023: $62,296Net Assets 2023: $160,5512023Assets 2024: $254,853Liabilities 2024: $76,765Net Assets 2024: $178,0882024

Highlighted filing

2023

Assets$222,847
Liabilities$62,296
Net Assets$160,551

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $358,1542010Expenses 2011: $297,7972011Expenses 2012: $516,7862012Revenue 2015: $383,113Expenses 2015: $492,159Net Income 2015: -$109,0462015Revenue 2016: $936,676Expenses 2016: $934,256Net Income 2016: $2,4202016Revenue 2017: $1,090,772Expenses 2017: $1,024,593Net Income 2017: $66,1792017Revenue 2018: $1,073,266Expenses 2018: $1,091,377Net Income 2018: -$18,1112018Revenue 2021: $849,985Expenses 2021: $1,015,201Net Income 2021: -$165,2162021Revenue 2022: $1,195,337Expenses 2022: $1,004,566Net Income 2022: $190,7712022Revenue 2023: $505,434Expenses 2023: $692,749Net Income 2023: -$187,3152023Revenue 2024: $640,246Expenses 2024: $622,709Net Income 2024: $17,5372024

Highlighted filing

2023

Revenue$505,434
Expenses$692,749
Net Income-$187,315
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$505,434
Mission and Program Overview

Mission

Our mission is to ensure that the most vulnerable children, including those children who are homeless, in foster care, have had childhood trauma, live below the poverty line, and have adhd, receive the executive function skills to succeed in school and in life. Our approach is through coaching and training coaches, our model is data-driven, and our outcomes are measurable.

To provide personal coaches to individuals who have executive function challenges and those with adhd.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$398,314$191,553▼ $206,761
Loans From Officers Directors$31,691$31,691→ $0
Accounts Receivable$9,888$26,794▲ $16,906
Pledges and Grants Receivable-$4,500-
Total Assets$408,202$222,847▼ $185,355
Liabilities
Accounts Payable and Accrued Expenses$28,645$30,605▲ $1,960
Total Liabilities$60,336$62,296▲ $1,960
Net Assets / Fund Balance
Net Assets With Donor Restrictions$139,480$100,994▼ $38,486
Net Assets Without Donor Restrictions$208,386$59,557▼ $148,829
Total Net Assets Fund Balance$347,866$160,551▼ $187,315
Total Liabilities and Net Assets / Fund Balance$408,202$222,847▼ $185,355
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Denise Von PressentinProgram DirectorFT$50,000$50,000
Neil PetersonFounder Chairman and CEOFT$1$1
Revenue and Support

Revenue Composition

Contributions and Grants
$230,783
Program Service Revenue
$269,934
Investment Income
$32
Other Revenue
$4,685
All Other Contributions
$230,783
Change in Net Assets
$-187,315

Audited Revenue Reconciliation

Revenue per Audited Statements
$505,434
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$300,000
Total Revenue per Audited Statements
$805,434
Total Revenue per Form 990
$505,434
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$645,179
Total Fundraising Expense$81,129
Salaries, Compensation, and Employee Benefits$47,570
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$50,306$5,160$73,526$128,992
Fees for Services Management$90,110$3,538$6,352$100,000
Fees for Services Accounting$14,694$44,081-$58,775
Other Salaries and Wages$32,500$17,500-$50,000
Advertising$34,533$3,452$383$38,368
Travel$24,792$2,479$276$27,547
Information Technology$22,387$2,238$248$24,873
Office Expenses$11,028$1,103$123$12,254
Insurance$3,725$373$41$4,139
Other Expenses$729$73$8$810
Fees for Services Legal-$20-$20
Current Officers, Directors, Trustees, and Key Employees$1--$1
Payroll Taxes$-1,580$-851-$-2,431
Total Functional Expenses$507,673$103,947$81,129$692,749

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$992,749
Expenses per Audited Statements$692,749
Total Expenses per Form 990$692,749
Expenses Not Reported on Form 990$300,000
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$31,691$31,691→ $0
Governance and Compliance

Governance Checklist

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

A copy was provided to the governing body for review prior to e-filing.

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

Board members are annually reminded of the conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

All compensation agreements approved by board.

Form 990, Part VI, Section C, Line 19

Other organization documents publicly available. No other documents are available to the public.

Filing and Contact Details

Filer

Filer Name
Edge Foundation
EIN
35-2262709
Phone
8887818886
Address
2017 FAIRVIEW AVENUE EAST STE I, SEATTLE, WA 98102-7113

Signing Officer

Name
Neil Peterson
Title
Founder, Chairman & CEO
Phone
8887818886
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neil Peterson
Formed
2005
Legal Domicile
Wa
Voting Board Members
21
Independent Board Members
21
Employees
2
Volunteers
0

Preparer

Firm
Brantley Janson
Address
909 SOUTH 336TH STREET - SUITE 201, FEDERAL WAY, WA 98003
Preparer
Austin Perlatti CPA
Phone
2538383484
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 50,306. Management and general expenses 5,160. Fundraising expenses 73,526. Total expenses 128,992.

FORM 990, PART XII, LINE 2C:

No changes from prior year.

Financial Statement Notes

PART X, LINE 2:

The organization follows gaap, which prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. For the year ended, the organization has no material uncertain tax positions to be accounted for in the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0FOUNDER CHAIRMAN AND CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt21PROGRAM DIRECTOR
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IRS990/FormationYr02005
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02238
IRS990/InformationTechnologyGrp/ProgramServicesAmt022387
IRS990/InformationTechnologyGrp/TotalAmt024873
IRS990/InsuranceGrp/FundraisingAmt041
IRS990/InsuranceGrp/ManagementAndGeneralAmt0373
IRS990/InsuranceGrp/ProgramServicesAmt03725
IRS990/InsuranceGrp/TotalAmt04139
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt031691
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OUR MISSION IS TO ENSURE THAT THE MOST VULNERABLE CHILDREN, INCLUDING THOSE CHILDREN WHO ARE HOMELESS, IN FOSTER CARE, HAVE HAD CHILDHOOD TRAUMA, LIVE BELOW THE POVERTY LINE, AND HAVE ADHD, RECEIVE THE EXECUTIVE FUNCTION SKILLS TO SUCCEED IN SCHOOL AND IN LIFE. OUR APPROACH IS THROUGH COACHING AND TRAINING COACHES, OUR MODEL IS DATA-DRIVEN, AND OUR OUTCOMES ARE MEASURABLE.
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IRS990/NetAssetsOrFundBalancesEOYAmt0160551
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt059557
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01103
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IRS990/OfficeExpensesGrp/TotalAmt012254
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IRS990/OperateHospitalInd00
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc0TRAINING EXPENSES
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0160
IRS990/OtherExpensesGrp/FundraisingAmt112
IRS990/OtherExpensesGrp/FundraisingAmt28
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt023229
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11436
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2116
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt373
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IRS990/OtherExpensesGrp/ProgramServicesAmt114358
IRS990/OtherExpensesGrp/ProgramServicesAmt21029
IRS990/OtherExpensesGrp/ProgramServicesAmt3729
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IRS990/OtherExpensesGrp/TotalAmt115954
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IRS990/OtherExpensesGrp/TotalAmt3810
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt032500
IRS990/OtherSalariesAndWagesGrp/TotalAmt050000
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0-851
IRS990/PayrollTaxesGrp/ProgramServicesAmt0-1580
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0NEIL PETERSON
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IRS990/ProgramServiceRevenueGrp/Desc0PRIVATE CLIENT COACHIN
IRS990/ProgramServiceRevenueGrp/Desc1IN-SCHOOL REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0217434
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt152500
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt152500
IRS990/ProgSrvcAccomActy2Grp/Desc0DEVELOP SCHOLARSHIP RESOURCES SO THAT ALL INDIVIDUALS WHO WANT COACHING WILL HAVE ACCESS TO COACHING, REGARDLESS OF FINANCIAL STATUS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt053835
IRS990/ProgSrvcAccomActy3Grp/Desc0RAISE AWARENESS ABOUT ADHD AND ENSURE A SUFFICIENT POOL OF QUALIFIED TRAINED COACHES.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0108717
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IRS990/PYProgramServiceRevenueAmt0339025
IRS990/PYRevenuesLessExpensesAmt0190771
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01195337
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IRS990/RevenueAmt0165902
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0469208
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0702400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0752705
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0269934
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IRS990ScheduleA/PublicSupportTotal170Amt02657062
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0702400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0752705

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