Civic Intelligence

Edge for Educational Excellence

EIN 59-2652255 • 501(c)3 • Crescent City, FL

Profile

Our mission is to support education in the community and operate a public charter school.

169 Wilderness TrailCrescent City, FL 32112

www.putnamedge.org

Siviq Scores

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

Liabilities / Assets

95th percentile

1.13x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

78th percentile

0.40x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

75th percentile

22%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

3rd percentile

-69%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

84th percentile

52%

Faster revenue growth than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$390,374

Down $858,204 (-69%) from 2021

Liabilities

Down

$439,186

Down $1,107,044 (-72%) from 2021

Net Assets

Up

-$48,812

Up $248,840 (+84%) from 2021

Revenue

Up

$1,111,664

Up $381,409 (+52%) from 2021

Expenses

Up

$862,824

Up $105,509 (+14%) from 2021

Net Income

Up

$248,840

Up $275,900 (+1020%) from 2021

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2012: $22,004Liabilities 2012: $0Net Assets 2012: $22,0042012Assets 2014: $889,031Liabilities 2014: $940,724Net Assets 2014: -$51,6932014Assets 2015: $993,962Liabilities 2015: $944,003Net Assets 2015: $49,9592015Assets 2016: $1,034,729Liabilities 2016: $1,060,840Net Assets 2016: -$26,1112016Assets 2017: $444,515Liabilities 2017: $542,543Net Assets 2017: -$98,0282017Assets 2018: $419,982Liabilities 2018: $480,198Net Assets 2018: -$60,2162018Assets 2019: $1,141,781Liabilities 2019: $1,281,796Net Assets 2019: -$140,0152019Assets 2020: $1,085,684Liabilities 2020: $1,444,752Net Assets 2020: -$359,0682020Assets 2021: $1,248,578Liabilities 2021: $1,546,230Net Assets 2021: -$297,6522021Assets 2022: $390,374Liabilities 2022: $439,186Net Assets 2022: -$48,8122022

Highlighted filing

2022

Assets$390,374
Liabilities$439,186
Net Assets-$48,812

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $11,100Expenses 2012: $7,021Net Income 2012: $4,0792012Revenue 2014: $570,850Expenses 2014: $615,009Net Income 2014: -$44,1592014Revenue 2015: $799,124Expenses 2015: $697,472Net Income 2015: $101,6522015Revenue 2016: $825,171Expenses 2016: $860,281Net Income 2016: -$35,1102016Revenue 2017: $745,863Expenses 2017: $810,321Net Income 2017: -$64,4582017Revenue 2018: $792,612Expenses 2018: $754,800Net Income 2018: $37,8122018Revenue 2019: $773,946Expenses 2019: $853,745Net Income 2019: -$79,7992019Revenue 2020: $613,390Expenses 2020: $832,443Net Income 2020: -$219,0532020Revenue 2021: $730,255Expenses 2021: $757,315Net Income 2021: -$27,0602021Revenue 2022: $1,111,664Expenses 2022: $862,824Net Income 2022: $248,8402022

Highlighted filing

2022

Revenue$1,111,664
Expenses$862,824
Net Income$248,840

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 8, 2023
Return Version
2021v4.0
Gross Receipts
$1,944,761
Mission and Program Overview

Mission

Our mission is to support education in the community and operate a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$532,500--
Land, Buildings, and Equipment, Net$925,384$94,107▼ $831,277
Pd in Cap Srpls Land Bldg Eqp Fund$38,493$94,107▲ $55,614
Cash and Non-Interest-Bearing Accounts$59,551$78,038▲ $18,487
Pledges and Grants Receivable$40,561$71,320▲ $30,759
Prepaid Expenses and Deferred Charges$254$11,803▲ $11,549
Rtn Earn Endowment Incm Other Fnds$-336,145$-142,919▲ $193,226
Total Assets$1,248,578$390,374▼ $858,204
Other Assets Total$222,828$135,106▼ $87,722
Liabilities
Mortgage Notes Payable Secured by Investment Property$431,272--
Other Liabilities$515,090$410,494▼ $104,596
Accounts Payable and Accrued Expenses$67,368$28,692▼ $38,676
Total Liabilities$1,546,230$439,186▼ $1,107,044
Net Assets / Fund Balance
Total Net Assets Fund Balance$-297,652$-48,812▲ $248,840
Total Liabilities and Net Assets / Fund Balance$1,248,578$390,374▼ $858,204

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$85,890$40,501$126,391
Other Assets Org$12,038--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patricia FreemanPresident
Deborah HessBoard Member
Shirley EubanksBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$203,354
Program Service Revenue
$423,364
Investment Income
$366,903
Other Revenue
$118,043
Change in Net Assets
$248,840

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,111,664
Total Revenue per Audited Statements
$1,111,664
Total Revenue per Form 990
$1,111,664
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$505,233
Other Expenses$357,591
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$408,794$16,256-$425,050
Occupancy$97,125$24,281-$121,406
Fees for Services Other$90,859$22,715-$113,574
Pension Plan Contributions$40,853--$40,853
Payroll Taxes$33,866--$33,866
Depreciation Depletion$27,037$6,759-$33,796
Office Expenses$11,351$2,838-$14,189
Insurance$7,154$1,789-$8,943
Interest$6,144$1,536-$7,680
Other Employee Benefits$5,464--$5,464
Travel-$5,359-$5,359
Advertising$3,023$756-$3,779
Other Expenses$2,035$2,045-$2,035
All Other Expenses$1,129$282-$1,411
Total Functional Expenses$771,170$91,654$0$862,824

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$862,824
Total Expenses per Audited Statements$862,824
Total Expenses per Form 990$862,824
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$532,500--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflow$246,547
Pension Libaility$163,947
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Page 6, Part VI, Line 11B

Return is prepared by accountant and reviewed by board.

Form 990, Page 6, Part VI, Line 12C

Organization monitored compliance by obtaining at least 2 bids for services and requesting disclosure of relationships. Board members and staff cannot be related.

Form 990, Page 6, Part VI, Line 15A

The board of directors approves salaries for directors, top management and key employees.

Form 990, Page 6, Part VI, Line 15B

The board of directors approves salaries for officers and key employees.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public on the organization's website and are available upon request.

Filing and Contact Details

Filer

Filer Name
Edge for Educational Excellence
EIN
59-2652255
Phone
3863857292
Address
169 WILDERNESS TRAIL, CRESCENT CITY, FL 32112

Signing Officer

Name
Patricia Freeman
Title
President
Phone
3863857292
Signed
2023-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Freeman
Formed
1985
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
12

Preparer

Firm
Mccrady & Associates Pllc
Address
107 WATER OAK LN, ALTAMONTE SPRINGS, FL 32714
Preparer
Stacy Mccrady
Phone
4079604429
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Purchased services 90,859 22,715 0

Financial Statement Notes

Schedule D, Page 3, Part X

The school qualifies as a tax-exempt organization under internal revenue code section 501(c)(3), and is therefore, exempt from income taxes. Accordingly, no tax provision has been made in the accompanying financial additionally, no uncertain tax positions have been made requiring disclosure in the related notes to the financial statements. The school's income tax returns for the past three tax years are subject to examination by tax authorities, and may change upon examination.

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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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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0REVENUES ARE RECEIVED FROM THE FLORIDA DEPARTMENT OF EDUCATION UNDER THE FLORIDA EDUCATION FINANCE PROGRAM. THE AMOUNT RECEIVED IS BASED UPON THE NUMBER OF WEIGHTED FULL TIME EQUIVALENT STUDENTS REPORTED BY THE SCHOOL DURING THE SURVEY PERIOD.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN IS PREPARED BY ACCOUNTANT AND REVIEWED BY BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION MONITORED COMPLIANCE BY OBTAINING AT LEAST 2 BIDS FOR SERVICES AND REQUESTING DISCLOSURE OF RELATIONSHIPS. BOARD MEMBERS AND STAFF CANNOT BE RELATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS APPROVES SALARIES FOR DIRECTORS, TOP MANAGEMENT AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS APPROVES SALARIES FOR OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PURCHASED SERVICES 90,859 22,715 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PUTNAM COUNTY SCHOOL DISTRICT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL BOA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0200 REID STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PALATKA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd032177
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01248578
IRS990/TotalAssetsEOYAmt0390374
IRS990/TotalAssetsGrp/BOYAmt01248578
IRS990/TotalAssetsGrp/EOYAmt0390374
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0203354
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt091654
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0771170
IRS990/TotalFunctionalExpensesGrp/TotalAmt0862824
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01546230
IRS990/TotalLiabilitiesEOYAmt0439186
IRS990/TotalLiabilitiesGrp/BOYAmt01546230
IRS990/TotalLiabilitiesGrp/EOYAmt0439186
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-297652
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-48812
IRS990/TotalProgramServiceExpensesAmt0771170
IRS990/TotalProgramServiceRevenueAmt0423364
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0908310
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01111664
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01248578
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0390374
IRS990/TravelGrp/ManagementAndGeneralAmt05359
IRS990/TravelGrp/TotalAmt05359
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0169 WILDERNESS TRAIL
IRS990/USAddress/CityNm0CRESCENT CITY
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032112
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.PUTNAMEDGE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICIA FREEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03863857292
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDGE FOR EDUCATIONAL EXCELLENCE
ReturnHeader/Filer/BusinessNameControlTxt0EDGE
ReturnHeader/Filer/EIN0592652255
ReturnHeader/Filer/PhoneNum03863857292
ReturnHeader/Filer/USAddress/AddressLine1Txt0169 WILDERNESS TRAIL
ReturnHeader/Filer/USAddress/CityNm0CRESCENT CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032112
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0822180420
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCCRADY & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0107 WATER OAK LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALTAMONTE SPRINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032714
ReturnHeader/PreparerPersonGrp/PhoneNum04079604429
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STACY MCCRADY
ReturnHeader/ReturnTs02023-05-08T08:29:28-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PATRICIA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FREEMAN
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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