Civic Intelligence

Edison Scholarship & Memorial Fund

EIN 41-6023937 • 501(c)3 • Minneapolis, MN

Profile

The Edison Scholarship and Memorial Fund paid out $44333 in scholarships to 12 different universities/colleges/post-secondary institutions for the benefit of 17 different students who were graduates of Edison High School.

Refreshing map…

700 22nd Avenue NEMinneapolis, MN 55418
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

38th percentile

-3.6%

Higher net margin than 38% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

52nd percentile

-0.4%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-67%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$113,882

Down $429 (-0.4%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$113,882

Down $429 (-0.4%) from 2021

Operations
Liabilities / Revenue62nd percentileNet Margin38th percentile

Revenue

Down

$11,854

Down $24,261 (-67%) from 2021

Expenses

Down

$12,283

Down $4,267 (-26%) from 2021

Net Income

Down

-$429

Down $19,994 (-102%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2010: $101,859Liabilities 2010: $0Net Assets 2010: $101,8592010Assets 2011: $132,581Liabilities 2011: $0Net Assets 2011: $132,5812011Assets 2012: $115,934Liabilities 2012: $0Net Assets 2012: $115,9342012Assets 2013: $141,981Liabilities 2013: $0Net Assets 2013: $141,9812013Assets 2014: $120,225Liabilities 2014: $0Net Assets 2014: $120,2252014Assets 2015: $94,732Liabilities 2015: $02015Assets 2016: $87,529Liabilities 2016: $0Net Assets 2016: $87,5292016Assets 2017: $116,827Liabilities 2017: $0Net Assets 2017: $116,8272017Assets 2018: $113,741Liabilities 2018: $02018Assets 2019: $107,231Liabilities 2019: $0Net Assets 2019: $107,2312019Assets 2020: $94,746Liabilities 2020: $02020Assets 2021: $114,311Liabilities 2021: $0Net Assets 2021: $114,3112021Assets 2022: $113,882Liabilities 2022: $0Net Assets 2022: $113,8822022

Highlighted filing

2022

Assets$113,882
Liabilities$0
Net Assets$113,882
Open 2022 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2010: $37,256Expenses 2010: $69,472Net Income 2010: -$32,2162010Revenue 2011: $80,061Expenses 2011: $49,339Net Income 2011: $30,7222011Revenue 2012: $55,747Expenses 2012: $72,394Net Income 2012: -$16,6472012Revenue 2013: $70,380Expenses 2013: $44,333Net Income 2013: $26,0472013Revenue 2014: $42,470Expenses 2014: $64,226Net Income 2014: -$21,7562014Revenue 2015: $68,118Expenses 2015: $93,611Net Income 2015: -$25,4932015Revenue 2016: $81,836Expenses 2016: $89,039Net Income 2016: -$7,2032016Revenue 2017: $90,810Expenses 2017: $61,512Net Income 2017: $29,2982017Revenue 2018: $56,618Expenses 2018: $59,704Net Income 2018: -$3,0862018Revenue 2019: $35,111Expenses 2019: $41,621Net Income 2019: -$6,5102019Revenue 2020: $26,093Expenses 2020: $38,578Net Income 2020: -$12,4852020Revenue 2021: $36,115Expenses 2021: $16,550Net Income 2021: $19,5652021Revenue 2022: $11,854Expenses 2022: $12,283Net Income 2022: -$4292022

Highlighted filing

2022

Revenue$11,854
Expenses$12,283
Net Income-$429
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$113,882
Liabilities
$0
Net assets
$113,882
Revenue
$11,854
Expenses
$12,283
Net income
-$429
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.12$0.12$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.36$0.17$0.20
2020Summary only. Only limited summary data is available for this year.$0.95$0.00$0.26$0.39$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.35$0.42$0.07
2018Summary only. Only limited summary data is available for this year.$1.14$0.00$0.57$0.60$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.91$0.62$0.29
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.00$0.88$0.82$0.89$0.07
2015Summary only. Only limited summary data is available for this year.$0.95$0.00$0.68$0.94$0.25
2014Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.42$0.64$0.22
2013Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$0.70$0.44$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.00$1.16$0.56$0.72$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.00$1.33$0.80$0.49$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.00$1.02$0.37$0.69$0.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$11,854
Mission and Program Overview

Mission

The Edison Scholarship and Memorial Fund paid out $89038.61 in scholarships to 17 different universities/colleges/post-secondary institutions for the benefit of 33 different students who were graduates of Edison High School.

The Edison Scholarship and Memorial Fund paid out $12059.99 in scholarships to 8 different universities/colleges/post-secondary institutions for the benefit of 11 different students who were graduates of Edison High School.

Program Services

DescriptionGrantsExpenses
The Edison Scholarship and Memorial Fund paid out $12059.99 in scholarships to 8 different universities/colleges/post-secondary institutions for the benefit of 11 different students who were graduates of Edison High School. Presidential Award pins ($225.85) were also awarded to all honors graduates.$12,057$226
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael IacarellaPresident-$0--
Claire HypoliteTreasurer-$0--
Tara Stassen-FergusonSecretary-$0--
Nora GuerinDirector-$0--
Theodore StassenDirector-$0--
Filing and Contact Details

Filer

Filer Name
Edison Scholarship & Memorial Fund
EIN
41-6023937
Phone
6126681300
Address
700 22nd Avenue NE, Minneapolis, MN 55418

Signing Officer

Name
Claire Hypolite
Title
Treasurer
Phone
6126681300
Signed
2023-05-15
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Purchase of Presidential Award Pins for High Honors graduates.”

Raw XML Appendix245 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.

Path#Value
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IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/PrintingPublicationsPostageAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Purchase of Presidential Award Pins for High Honors graduates.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06126681300
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDISON SCHOLARSHIP & MEMORIAL FUND
ReturnHeader/Filer/BusinessNameControlTxt0EDIS
ReturnHeader/Filer/EIN0416023937
ReturnHeader/Filer/PhoneNum06126681300
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ReturnHeader/Filer/USAddress/CityNm0Minneapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055418
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02023-05-15T21:56:39-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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