Civic Intelligence

Westedge Foundation Inc.

990 • Fiscal year 2018 • EIN 45-1998194

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

Organization ProfileN/A
18 Bee StreetCharleston, SC 29425

(843) 792-2677

Siviq Scores

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

Liabilities / Assets

70th percentile

0.46x

Higher debt load relative to assets than 70% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

85th percentile

1.56x

Higher debt load relative to revenue than 85% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

98th percentile

89%

Higher net margin than 98% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

46th percentile

$163,410

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

88th percentile

25%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-44%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$17,643,856

Up $3,555,716 (+25%) from 2017

Net Assets

Up

$9,535,785

Up $4,610,429 (+94%) from 2017

Liabilities

Down

$8,108,071

Down $1,054,713 (-12%) from 2017

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin98th percentile

Revenue

Down

$5,182,469

Down $3,998,079 (-44%) from 2017

Expenses

Up

$572,040

Up $80,763 (+16%) from 2017

Net Income

Down

$4,610,429

Down $4,078,842 (-47%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$20M$15M$10M$5.0M$0Assets 2017: $14,088,140Liabilities 2017: $9,162,784Net Assets 2017: $4,925,3562017Assets 2018: $17,643,856Liabilities 2018: $8,108,071Net Assets 2018: $9,535,7852018Assets 2019: $19,506,941Liabilities 2019: $10,910,515Net Assets 2019: $8,596,4262019Assets 2020: $19,987,053Liabilities 2020: $13,098,686Net Assets 2020: $6,888,3672020Assets 2021: $16,981,609Liabilities 2021: $12,456,846Net Assets 2021: $4,524,7632021Assets 2022: $15,433,566Liabilities 2022: $11,847,266Net Assets 2022: $3,586,3002022Assets 2023: $13,690,092Liabilities 2023: $10,751,800Net Assets 2023: $2,938,2922023Assets 2024: $12,819,959Liabilities 2024: $110,182Net Assets 2024: $12,709,7772024Assets 2025: $13,519,191Liabilities 2025: $4,484Net Assets 2025: $13,514,7072025

Highlighted filing

2018

Assets$17,643,856
Liabilities$8,108,071
Net Assets$9,535,785
Open 2018 Filing

Operations Trend

Revenue Growth6th percentile

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

$30M$20M$10M$0-$10MRevenue 2017: $9,180,548Expenses 2017: $491,277Net Income 2017: $8,689,2712017Revenue 2018: $5,182,469Expenses 2018: $572,040Net Income 2018: $4,610,4292018Revenue 2019: $2,739Expenses 2019: $942,098Net Income 2019: -$939,3592019Revenue 2020: $2,823Expenses 2020: $1,710,882Net Income 2020: -$1,708,0592020Revenue 2021: $18,669,032Expenses 2021: $21,032,636Net Income 2021: -$2,363,6042021Revenue 2022: $804,235Expenses 2022: $1,742,698Net Income 2022: -$938,4632022Revenue 2023: $840,428Expenses 2023: $1,488,436Net Income 2023: -$648,0082023Revenue 2024: $10,714,253Expenses 2024: $942,768Net Income 2024: $9,771,4852024Revenue 2025: $1,513,522Expenses 2025: $708,592Net Income 2025: $804,9302025

Highlighted filing

2018

Revenue$5,182,469
Expenses$572,040
Net Income$4,610,429
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$5,182,469
Mission and Program Overview

Mission

Westedge is a bold economic and urban revitalization vision to advance knowledge-based sectors of the charleston, south carolina regional economy.

To support the city of charleston and the medical university of south carolina foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,402,975$671,344▼ $731,631
Cash and Non-Interest-Bearing Accounts$73,922$530,660▲ $456,738
Total Assets$14,088,140$17,643,856▲ $3,555,716
Other Assets Total$12,611,243$16,441,852▲ $3,830,609
Liabilities
Other Liabilities$9,139,554$8,108,071▼ $1,031,483
Accounts Payable and Accrued Expenses$23,230$0▼ $23,230
Total Liabilities$9,162,784$8,108,071▼ $1,054,713
Net Assets / Fund Balance
Unrestricted Net Assets$4,925,356$9,535,785▲ $4,610,429
Total Net Assets Fund Balance$4,925,356$9,535,785▲ $4,610,429
Total Liabilities and Net Assets / Fund Balance$14,088,140$17,643,856▲ $3,555,716

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$16,441,852--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr Michael T Maher HpfCEOFT$151,717$11,693$163,410

Board Members and Trustees

NameTitle
Mr William a BakerChair
Ms Colleen CarducciVice Chair
Councilman William Dudley GregorieDirector
Dr Larry OlanoffDirector
Mayor John TecklenburgDirector
Mr Montez MartinDirector
Mr Patrick W MckinneyDirector
Mr Wally Seinsheimer JrDirector
Ms Linda F WoodsideDirector
Ms Lisa MontgomeryDirector
Ms Robyn FramptonDirector
Ms Cheryl KaynardSecretary
Mr Thomas P AndersonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Gateway Facility Services LLCNon Developer Costs75 5TH STREET NW, Atlanta, GA 30308$263,217
Revenue and Support

Revenue Composition

Contributions and Grants
$5,063,183
Program Service Revenue
$50,000
Investment Income
$69,286
Other Revenue
$0
All Other Contributions
$2,129,177
Change in Net Assets
$4,610,429

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$2,059,177Fair Market Value (FMV)
Total Noncash Contributions1$2,059,177-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,182,469
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,182,469
Total Revenue per Form 990
$5,182,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$348,672
Salaries, Compensation, and Employee Benefits$223,368
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$111,684$111,684-$223,368
Insurance$4,346$21,130-$25,476
Fees for Services Accounting-$19,999-$19,999
Fees for Services Legal$11,184$298-$11,482
Travel$6,822--$6,822
Office Expenses-$4,328-$4,328
Other Expenses$5,040$2,264-$2,264
Interest$1,466--$1,466
Total Functional Expenses$403,759$168,281$0$572,040

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$572,040
Total Expenses per Audited Statements$572,040
Total Expenses per Form 990$572,040
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Infrastructure Costs$8,014,696
Master Planning and Development Fees Payable$76,105
Accrued Payroll$17,270
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

“Tom anderson and robyn frampton have a business relationship. Lisa montgomery and dr. Larry olanoff have a business relationship. Mayor tecklenburg, colleen carducci and councilman gregorie have a business relationship.”

Form 990, Part VI, Section B, Line 11B

“The westedge executive committee reviews the 990; the executive committee has authority to take action, or may choose to forward to the full board.”

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

“The policy is provided to all directors, principal officers, and top management annually. They are asked to sign a statement affirming that they have received a copy of the policy, have read and understand the policy, and agree to comply with the policy.”

Form 990, Part VI, Section B, Line 15

“The executive committee of the board of directors sets compensation for the ceo. The committee relies on performance evaluations, peer and industry comparisons, and any additional independent data to set the executive compensation. The board whall conduct periodic reviews of its compensation policy and its implementation.”

Form 990, Part VI, Section C, Line 19

“The organization makes is governing documents, conflict of interest policy and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Westedge Foundation Inc
EIN
45-1998194
Phone
8437922677
Address
18 BEE STREET, CHARLESTON, SC 29425

Signing Officer

Name
Michael T Maher
Title
CEO
Phone
8437922677
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael T Maher
Formed
2011
Legal Domicile
Sc
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Elliott Davis Llcpllc
Address
100 CALHOUN STREET SUITE 300, CHARLESTON, SC 29401
Preparer
Brandon T Renaud
Phone
8435777040
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“PROCESS HAS NOT CHANGED.”

Financial Statement Notes

PART X, LINE 2:

“Management has evaluated the foundation's tax positions and concluded that the foundation has taken no uncertain tax positions for the year ended june 30, 2018.”

Raw XML AppendixShowing 400 of 471 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/Desc0WESTEDGE (THE "PROJECT"), FORMERLY KNOWN AS THE HORIZON REDEVELOPMENT PROJECT, IS A BOLD ECONOMIC AND URBAN REVITALIZATION VISION TO ADVANCE KNOWLEDGE-BASED SECTORS OF THE CHARLESTON, SOUTH CAROLINA REGIONAL ECONOMY. THE PROJECT ASPIRES TO BE A NATIONAL MODEL FOR RESEARCH-ORIENTED URBAN INFILL DEVELOPMENT, AN INNOVATIVE INITIATIVE THAT WILL INCORPORATE ALL OF THE ELEMENTS NECESSARY TO CREATE A VITAL URBAN PLACE IN THE KNOWLEDGE-BASED ECONOMY. THE PROJECT WILL ATTRACT THE ATTENTION AND INVESTMENT OF ESTABLISHED RESEARCH AND DEVELOPMENT BUSINESSES, AND NURTURE THE GROWTH OF START-UP VENTURES FOCUSED ON RESEARCH AND TECHNOLOGY TRANSFER.THE PROJECT SITE IS A 20-ACRE COMPONENT OF A LARGER LONG-TERM DEVELOPMENT, AND REPRESENTS THE MOST ADVANTAGEOUS OPPORTUNITY FOR THE ADVANCEMENT OF WESTEDGE. THE PROJECT SITE IS AN AGGREGATION OF CONTIGUOUS PARCELS LOCATED IN DOWNTOWN CHARLESTON ALONG THE ASHLEY RIVER AND ADJACENT TO THE MUSC CAMPUS. THIS PRIME DEVELOPMENT SITE IS SITUATED WITHIN CHARLESTON'S HISTORIC QUARTER, YET PROVIDES THE OPPORTUNITY FOR THE DENSITY AND SCALE NECESSARY FOR CREATING A VIBRANT AND ECONOMICALLY-SUCCESSFUL INFILL IN CONCERT WITH CONTEMPORARY DEVELOPMENT STANDARDS. IN ITS LEADERSHIP CAPACITY ON THE PROJECT, THE FOUNDATION WILL HAVE A CONTROLLING INTEREST, OPTIONS OR LETTERS OF INTENT FOR ALL OF THE PROPERTY INCLUDED WITHIN A PROPOSED OFFERING, AND WILL BE EMPOWERED TO MAKE DECISIONS ON THE DISPOSITION OF THIS PROPERTY TO ADVANCE WESTEDGE UNDER THE MASTER OPTION AGREEMENT (SEE NOTE 5). THE FOUNDATION IS THE CONTRACTING ORGANIZATION WITH THE MASTER DEVELOPER. THE FOUNDATION HAS PERFORMED SIGNIFICANT PRE-DEVELOPMENT WORK AND HAS PROVIDED THIS WORK-PRODUCT TO THE MASTER DEVELOPER TO ASSIST AND GUIDE THE MASTER DEVELOPER'S EFFORTS ON THE PROJECT.
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IRS990/InsuranceGrp/ProgramServicesAmt04346
IRS990/InsuranceGrp/TotalAmt025476
IRS990/InterestGrp/ProgramServicesAmt01466
IRS990/InterestGrp/TotalAmt01466
IRS990/InvestmentIncomeGrp/ExclusionAmt069286
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt069286
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SUPPORT THE CITY OF CHARLESTON AND THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04925356
IRS990/NetAssetsOrFundBalancesEOYAmt09535785
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt02059177
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04328
IRS990/OfficeExpensesGrp/TotalAmt04328
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012611243
IRS990/OtherAssetsTotalGrp/EOYAmt016441852
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0GATEWAY-NON-DEVELOPER C
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3TELEPHONE & TELECOMMUNI
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06867
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11711
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22264
IRS990/OtherExpensesGrp/ProgramServicesAmt0263217
IRS990/OtherExpensesGrp/ProgramServicesAmt15040
IRS990/OtherExpensesGrp/TotalAmt0263217
IRS990/OtherExpensesGrp/TotalAmt16867
IRS990/OtherExpensesGrp/TotalAmt26751
IRS990/OtherExpensesGrp/TotalAmt32264
IRS990/OtherLiabilitiesGrp/BOYAmt09139554
IRS990/OtherLiabilitiesGrp/EOYAmt08108071
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL T MAHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0CLOSING EXTENSION DEPO
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt050000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt050000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt09018832
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0375
IRS990/PYOtherExpensesAmt0304375
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0161341
IRS990/PYRevenuesLessExpensesAmt08689271
IRS990/PYSalariesCompEmpBnftPaidAmt0186902
IRS990/PYTotalExpensesAmt0491277
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09180548
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt04610429
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt050000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01402975
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0671344
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05063183
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt09018832
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt014082015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt069286
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt069286
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt050000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt050000
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt069286
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt069286
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt014132015
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05113183
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt09018832
IRS990ScheduleA/Total509Grp/TotalAmt014132015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05182469
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt09018832
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt014201301
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0572040
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016441852
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt076105
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18014696
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt217270
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MASTER PLANNING AND DEVELOPMENT FEES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INFRASTRUCTURE COSTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05182469
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt016441852
IRS990ScheduleD/TotalExpensesPerForm990Amt0572040
IRS990ScheduleD/TotalLiabilityAmt08108071
IRS990ScheduleD/TotalRevenuePerForm990Amt05182469
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05182469
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0572040
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0151717
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt011693
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MR MICHAEL T MAHER HPF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0163410
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt02059177
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TOM ANDERSON AND ROBYN FRAMPTON HAVE A BUSINESS RELATIONSHIP. LISA MONTGOMERY AND DR. LARRY OLANOFF HAVE A BUSINESS RELATIONSHIP. MAYOR TECKLENBURG, COLLEEN CARDUCCI AND COUNCILMAN GREGORIE HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE WESTEDGE EXECUTIVE COMMITTEE REVIEWS THE 990; THE EXECUTIVE COMMITTEE HAS AUTHORITY TO TAKE ACTION, OR MAY CHOOSE TO FORWARD TO THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICY IS PROVIDED TO ALL DIRECTORS, PRINCIPAL OFFICERS, AND TOP MANAGEMENT ANNUALLY. THEY ARE ASKED TO SIGN A STATEMENT AFFIRMING THAT THEY HAVE RECEIVED A COPY OF THE POLICY, HAVE READ AND UNDERSTAND THE POLICY, AND AGREE TO COMPLY WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SETS COMPENSATION FOR THE CEO. THE COMMITTEE RELIES ON PERFORMANCE EVALUATIONS, PEER AND INDUSTRY COMPARISONS, AND ANY ADDITIONAL INDEPENDENT DATA TO SET THE EXECUTIVE COMPENSATION. THE BOARD WHALL CONDUCT PERIODIC REVIEWS OF ITS COMPENSATION POLICY AND ITS IMPLEMENTATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES IS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014088140
IRS990/TotalAssetsEOYAmt017643856
IRS990/TotalAssetsGrp/BOYAmt014088140
IRS990/TotalAssetsGrp/EOYAmt017643856
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt05063183
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0168281
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0403759

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,643,856
Liabilities
$8,108,071
Net assets
$9,535,785
Revenue
$5,182,469
Expenses
$572,040
Net income
$4,610,429
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$13.5$0.00$13.5$1.51$0.71$0.80
2024Detailed filing. Detailed filing data is available for this year.$12.8$0.11$12.7$10.7$0.94$9.77
2023Detailed filing. Detailed filing data is available for this year.$13.7$10.8$2.94$0.84$1.49$0.65
2022Detailed filing. Detailed filing data is available for this year.$15.4$11.8$3.59$0.80$1.74$0.94
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$12.5$4.52$18.7$21.0$2.36
2020Detailed filing. Detailed filing data is available for this year.$20.0$13.1$6.89$0.00$1.71$1.71
2019Detailed filing. Detailed filing data is available for this year.$19.5$10.9$8.60$0.00$0.94$0.94
2018Detailed filing. Detailed filing data is available for this year.$17.6$8.11$9.54$5.18$0.57$4.61
2017Detailed filing. Detailed filing data is available for this year.$14.1$9.16$4.93$9.18$0.49$8.69