Civic Intelligence

Westedge Foundation Inc.

990 • Fiscal year 2019 • EIN 45-1998194

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 03, 2020

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

76th percentile

0.56x

Higher debt load relative to assets than 76% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

100th percentile

3983.39x

Higher debt load relative to revenue than 100% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

1st percentile

-34296%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

61st percentile

$212,979

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 7775.8% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$19,506,941

Up $1,863,085 (+11%) from 2018

Net Assets

Down

$8,596,426

Down $939,359 (-9.9%) from 2018

Liabilities

Up

$10,910,515

Up $2,802,444 (+35%) from 2018

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$2,739

Down $5,179,730 (-100%) from 2018

Expenses

Up

$942,098

Up $370,058 (+65%) from 2018

Net Income

Down

-$939,359

Down $5,549,788 (-120%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2019

Assets$19,506,941
Liabilities$10,910,515
Net Assets$8,596,426
Open 2019 Filing

Operations Trend

Revenue Growth1st 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

2019

Revenue$2,739
Expenses$942,098
Net Income-$939,359
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 3, 2020
Return Version
2018v3.1
Gross Receipts
$2,739
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
Land, Buildings, and Equipment, Net$0$8,111,105▲ $8,111,105
Savings and Temporary Cash Investments$671,344$874,597▲ $203,253
Cash and Non-Interest-Bearing Accounts$530,660$419,317▼ $111,343
Total Assets$17,643,856$19,506,941▲ $1,863,085
Other Assets Total$16,441,852$10,101,922▼ $6,339,930
Liabilities
Other Liabilities$8,108,071$10,498,581▲ $2,390,510
Accounts Payable and Accrued Expenses$0$411,934▲ $411,934
Total Liabilities$8,108,071$10,910,515▲ $2,802,444
Net Assets / Fund Balance
Unrestricted Net Assets$9,535,785$8,596,426▼ $939,359
Total Net Assets Fund Balance$9,535,785$8,596,426▼ $939,359
Total Liabilities and Net Assets / Fund Balance$17,643,856$19,506,941▲ $1,863,085

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,111,105$137,476$8,248,581
Other Assets Org$10,101,922--
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr Michael T Maher HpfCEOFT$168,888$44,091$212,979

Board Members and Trustees

NameTitle
Mr William a BakerChair
Ms Cheryl KaynardVice Chair
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
Matt FrohlichSecretary
Mr Thomas P AndersonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Charleston Horizon Devco LLCNon Developer Costs75 5TH STREET NW, Atlanta, GA 30308$267,966
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,739
Other Revenue
$0
Change in Net Assets
$-939,359

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,739
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,739
Total Revenue per Form 990
$2,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$703,268
Salaries, Compensation, and Employee Benefits$238,830
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$119,415$119,415-$238,830
Interest$183,576--$183,576
Depreciation Depletion$137,476--$137,476
Fees for Services Other$32,667--$32,667
Fees for Services Accounting-$22,696-$22,696
Fees for Services Legal$10,668$1,896-$12,564
Travel$6,589--$6,589
Other Expenses$286,385$4,213-$4,213
All Other Expenses-$4,059-$4,059
Office Expenses-$1,988-$1,988
Total Functional Expenses$776,776$165,322$0$942,098

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$942,098
Total Expenses per Audited Statements$942,098
Total Expenses per Form 990$942,098
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
Notes Payable to Related Parties$10,098,581
Cash Advances to Related Parties$400,000
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 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, matt frohlich 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 will conduct periodic reviews of its compensation policy and its implementation.”

Form 990, Part VI, Section C, Line 19

“The organization makes 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
2020-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael T Maher
Formed
2011
Legal Domicile
Sc
Voting Board Members
12
Independent Board Members
12
Employees
1
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, 2019.”

Raw XML AppendixShowing 400 of 469 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/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02739
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ProgramServicesAmt0183576
IRS990/InterestGrp/TotalAmt0183576
IRS990/InvestmentIncomeGrp/ExclusionAmt02739
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02739
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0137476
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08111105
IRS990/LandBldgEquipCostOrOtherBssAmt08248581
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/NetAssetsOrFundBalancesBOYAmt09535785
IRS990/NetAssetsOrFundBalancesEOYAmt08596426
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01988
IRS990/OfficeExpensesGrp/TotalAmt01988
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt016441852
IRS990/OtherAssetsTotalGrp/EOYAmt010101922
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0GATEWAY-NON-DEVELOPER C
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3TELEPHONE & TELECOMMUNI
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05541
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15514
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24213
IRS990/OtherExpensesGrp/ProgramServicesAmt0286385
IRS990/OtherExpensesGrp/TotalAmt0286385
IRS990/OtherExpensesGrp/TotalAmt15541
IRS990/OtherExpensesGrp/TotalAmt25514
IRS990/OtherExpensesGrp/TotalAmt34213
IRS990/OtherLiabilitiesGrp/BOYAmt08108071
IRS990/OtherLiabilitiesGrp/EOYAmt010498581
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL T MAHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05063183
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt069286
IRS990/PYOtherExpensesAmt0348672
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt050000
IRS990/PYRevenuesLessExpensesAmt04610429
IRS990/PYSalariesCompEmpBnftPaidAmt0223368
IRS990/PYTotalExpensesAmt0572040
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05182469
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-939359
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0671344
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0874597
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05063183
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt09018832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014082015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02739
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt069286
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt072025
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt050000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99490
IRS990ScheduleA/PublicSupportPY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt014082015
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05063183
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt09018832
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014082015
IRS990ScheduleA/TotalSupportAmt014154040
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08111105
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0137476
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08248581
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0942098
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt010101922
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0400000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110098581
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CASH ADVANCES TO RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTES PAYABLE TO RELATED PARTIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02739
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, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08111105
IRS990ScheduleD/TotalBookValueOtherAssetsAmt010101922
IRS990ScheduleD/TotalExpensesPerForm990Amt0942098
IRS990ScheduleD/TotalLiabilityAmt010498581
IRS990ScheduleD/TotalRevenuePerForm990Amt02739
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02739
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0942098
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0168888
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt033499
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt010592
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MR MICHAEL T MAHER HPF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0212979
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
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, MATT FROHLICH 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 WILL CONDUCT PERIODIC REVIEWS OF ITS COMPENSATION POLICY AND ITS IMPLEMENTATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES 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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt017643856
IRS990/TotalAssetsEOYAmt019506941
IRS990/TotalAssetsGrp/BOYAmt017643856
IRS990/TotalAssetsGrp/EOYAmt019506941
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0165322
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0776776
IRS990/TotalFunctionalExpensesGrp/TotalAmt0942098

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,506,941
Liabilities
$10,910,515
Net assets
$8,596,426
Revenue
$2,739
Expenses
$942,098
Net income
-$939,359
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