Civic Intelligence

The Edison Charitable Foundation

990 • Fiscal year 2018 • EIN 82-3773713

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

Organization ProfileWWW.THEEDISONFOUNDATION.COM
11501 Northlake DriveCincinnati, OH 45249

(513) 554-1110

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

88th percentile

30%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-56%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$6,470,928

Up $1,508,011 (+30%) from 2017

Net Assets

Up

$6,462,878

Up $1,499,961 (+30%) from 2017

Liabilities

Up

$8,050

Up $8,050 from 2017

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin99th percentile

Revenue

Down

$2,220,118

Down $2,797,153 (-56%) from 2017

Expenses

Up

$52,762

Up $52,762 from 2017

Net Income

Down

$2,167,356

Down $2,849,915 (-57%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$40M$30M$20M$10M$0Assets 2017: $4,962,917Liabilities 2017: $0Net Assets 2017: $4,962,9172017Assets 2018: $6,470,928Liabilities 2018: $8,050Net Assets 2018: $6,462,8782018Assets 2019: $10,475,529Liabilities 2019: $1,240Net Assets 2019: $10,474,2892019Assets 2020: $16,871,562Liabilities 2020: $2,500Net Assets 2020: $16,869,0622020Assets 2021: $25,961,474Liabilities 2021: $4,000Net Assets 2021: $25,957,4742021Assets 2022: $23,780,751Liabilities 2022: $4,250Net Assets 2022: $23,776,5012022Assets 2023: $28,040,391Liabilities 2023: $6,025Net Assets 2023: $28,034,3662023Assets 2024: $32,261,150Liabilities 2024: $7,050Net Assets 2024: $32,254,1002024

Highlighted filing

2018

Assets$6,470,928
Liabilities$8,050
Net Assets$6,462,878
Open 2018 Filing

Operations Trend

Revenue Growth4th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2017: $5,017,271Expenses 2017: $0Net Income 2017: $5,017,2712017Revenue 2018: $2,220,118Expenses 2018: $52,762Net Income 2018: $2,167,3562018Revenue 2019: $2,794,626Expenses 2019: $84,638Net Income 2019: $2,709,9882019Revenue 2020: $4,904,401Expenses 2020: $104,118Net Income 2020: $4,800,2832020Revenue 2021: $7,025,662Expenses 2021: $141,003Net Income 2021: $6,884,6592021Revenue 2022: $1,940,089Expenses 2022: $156,338Net Income 2022: $1,783,7512022Revenue 2023: $1,373,740Expenses 2023: $249,561Net Income 2023: $1,124,1792023Revenue 2024: $941,118Expenses 2024: $218,497Net Income 2024: $722,6212024

Highlighted filing

2018

Revenue$2,220,118
Expenses$52,762
Net Income$2,167,356
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$7,170,105
Mission and Program Overview

Mission

The foundation is organized to provide assistance for charitable and educational purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,962,917$6,462,878▲ $1,499,961
Investments in Publicly Traded Securities$4,962,917$6,207,540▲ $1,244,623
Savings and Temporary Cash Investments$0$263,388▲ $263,388
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,962,917$6,470,928▲ $1,508,011
Liabilities
Accounts Payable and Accrued Expenses$0$8,050▲ $8,050
Total Liabilities$0$8,050▲ $8,050
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,962,917$6,462,878▲ $1,499,961
Total Liabilities and Net Assets / Fund Balance$4,962,917$6,470,928▲ $1,508,011
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Parilee Edison WangPresident, Treasurer, Director
Lauren PiecDirector
Molly DeckerDirector
Rachel M BosleyDirector
Jeffrey S EdisonDirector and CEO
Leslie D EdisonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,266,294
Program Service Revenue
$0
Investment Income
$953,824
Other Revenue
$0
All Other Contributions
$1,266,294
Change in Net Assets
$2,167,356

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$1,206,390Fair Market Value (FMV) as of Contr Date
Total Noncash Contributions1$1,206,390-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,762
Grants and Similar Amounts Paid$25,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$25,000--$25,000
Fees for Service Investment Mgmnt Fees-$9,545-$9,545
Fees for Services Accounting-$8,050-$8,050
Fees for Services Legal-$4,500-$4,500
Other Expenses-$1,409-$1,409
Fees for Services Other-$200-$200
Total Functional Expenses$25,000$27,762$0$52,762
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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 A, Line 2

“Director and officer jeffrey s. Edison is the father of officer and director parilee edison wang. Officer leslie d. Edison is the mother of officer and director parilee edison wang and the wife of officer and director jeffrey s. Edison.”

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

“Board provided a copy for review prior to filing form 990.”

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

“Annual disclosures and a signed statement is required for all officers, trustees, and key employees.”

Form 990, Part VI, Section C, Line 19

“Annual disclosures and signed statements required of each officer, director, and key employees. Section c. Disclosure, question 19 - the governing documents are submitted to the secretary of state. All governing documents as well as policy and financial statements are available upon request.”

Form 990, Part VIII, Line 7A Through 7C

“The gain on sale of securities reflected on line 7c of part viii of form 990 is calculated based on book basis not tax basis as determined under irc section 1015 (which is lower).”

Filing and Contact Details

Filer

Filer Name
The Edison Charitable Foundation
EIN
82-3773713
Phone
5135541110
Address
11501 NORTHLAKE DRIVE, CINCINNATI, OH 45249

Signing Officer

Name
Jeffrey S Edison
Title
CEO
Phone
5135541110
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey S Edison
Formed
2017
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
6

Preparer

Firm
Phillips Edison & Co Ltd
Address
11501 NORTHLAKE DRIVE, CINCINNATI, OH 45249
Preparer
Joseph C Hoffmann
Phone
5135541110
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

“The foundation is organized exclusively to provide assistance for charitable and educational purposes within the meaning of section 501(c)(3). The purpose of the foundation specifically is 1)to grant scholarships for students to attend accredited post-secondary educational institutions, 2)fund or implement programs for conservation and environmental activities and the relief of the poor or distressed or of the under privileged, 3) to fund charitable, scientific, and educational purposes within the meaning of section 501(c)(3).”

Form 990, Page 1, Line F

“Address of principal officer: p.o. Box 3657, 128 ontario court park city, ut 84060-3657”

Raw XML Appendix352 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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES SCHOLARSHIPS TO QUALIFIED STUDENTS TO ATTEND ACCREDITED POST SECONDARY EDUCATIONAL INSTITUTIONS. THE SCHOLARSHIP PROGRAM IS ADMINISTERED IN FULL COMPLIANCE WITH IRS REVENUE PROCEDURE 76-47. STUDENTS APPLY THROUGH THE FUND'S WEBSITE BY FILLING OUT AN APPLICATION AND PROVIDING THE REQUIRED DOCUMENTATION. AWARDS ARE RENEWABLE UP TO THREE YEARS ON THE BASIS OF MAINTAINING FULL-TIME ENROLLMENT STATUS AND A CUMULATIVE GRADE POINT AVERAGE OF 2.7 ON A 4.0 SCALE AS EVIDENCED BY TRANSRIPTS. AWARDS CHECKS ARE MAILED DIRECTLY FROM THE FOUNDATION TO THE RECIPIENT'S SCHOOL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS ORGANIZED EXCLUSIVELY TO PROVIDE ASSISTANCE FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3). THE PURPOSE OF THE FOUNDATION SPECIFICALLY IS 1)TO GRANT SCHOLARSHIPS FOR STUDENTS TO ATTEND ACCREDITED POST-SECONDARY EDUCATIONAL INSTITUTIONS, 2)FUND OR IMPLEMENT PROGRAMS FOR CONSERVATION AND ENVIRONMENTAL ACTIVITIES AND THE RELIEF OF THE POOR OR DISTRESSED OR OF THE UNDER PRIVILEGED, 3) TO FUND CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTOR AND OFFICER JEFFREY S. EDISON IS THE FATHER OF OFFICER AND DIRECTOR PARILEE EDISON WANG. OFFICER LESLIE D. EDISON IS THE MOTHER OF OFFICER AND DIRECTOR PARILEE EDISON WANG AND THE WIFE OF OFFICER AND DIRECTOR JEFFREY S. EDISON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD PROVIDED A COPY FOR REVIEW PRIOR TO FILING FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL DISCLOSURES AND A SIGNED STATEMENT IS REQUIRED FOR ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL DISCLOSURES AND SIGNED STATEMENTS REQUIRED OF EACH OFFICER, DIRECTOR, AND KEY EMPLOYEES. SECTION C. DISCLOSURE, QUESTION 19 - THE GOVERNING DOCUMENTS ARE SUBMITTED TO THE SECRETARY OF STATE. ALL GOVERNING DOCUMENTS AS WELL AS POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GAIN ON SALE OF SECURITIES REFLECTED ON LINE 7C OF PART VIII OF FORM 990 IS CALCULATED BASED ON BOOK BASIS NOT TAX BASIS AS DETERMINED UNDER IRC SECTION 1015 (WHICH IS LOWER).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ADDRESS OF PRINCIPAL OFFICER: P.O. BOX 3657, 128 ONTARIO COURT PARK CITY, UT 84060-3657
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VIII, LINE 7A THROUGH 7C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 1, LINE F
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04962917
IRS990/TotalAssetsEOYAmt06470928
IRS990/TotalAssetsGrp/BOYAmt04962917
IRS990/TotalAssetsGrp/EOYAmt06470928
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01266294
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027762
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025000
IRS990/TotalFunctionalExpensesGrp/TotalAmt052762
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt08050
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt08050
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04962917
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06462878
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt025000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0953824
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02220118
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04962917
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06470928
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 3657 128 ONTARIO COURT
IRS990/USAddress/CityNm0PARK CITY
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd0840603657
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THEEDISONFOUNDATION.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY S EDISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05135541110
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE EDISON CHARITABLE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0EDIS
ReturnHeader/Filer/EIN0823773713
ReturnHeader/Filer/PhoneNum05135541110
ReturnHeader/Filer/USAddress/AddressLine1Txt011501 NORTHLAKE DRIVE
ReturnHeader/Filer/USAddress/CityNm0CINCINNATI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045249
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B9D06D167B38CCAEB9FEF959FFFCC4DE5803AFFD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02B300E1FC09CCA321063079848B1E489E0A7BF4B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.129.194.246
ReturnHeader/FilingSecurityInformation/IPDt02019-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm013:05:07
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0311669229
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PHILLIPS EDISON & CO LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011501 NORTHLAKE DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CINCINNATI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045249
ReturnHeader/PreparerPersonGrp/PhoneNum05135541110
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH C HOFFMANN
ReturnHeader/ReturnTs02019-11-12T13:12:44-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$6,470,928
Liabilities
$8,050
Net assets
$6,462,878
Revenue
$2,220,118
Expenses
$52,762
Net income
$2,167,356
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.3$0.01$32.3$0.94$0.22$0.72
2023Detailed filing. Detailed filing data is available for this year.$28.0$0.01$28.0$1.37$0.25$1.12
2022Detailed filing. Detailed filing data is available for this year.$23.8$0.00$23.8$1.94$0.16$1.78
2021Detailed filing. Detailed filing data is available for this year.$26.0$0.00$26.0$7.03$0.14$6.88
2020Detailed filing. Detailed filing data is available for this year.$16.9$0.00$16.9$4.90$0.10$4.80
2019Detailed filing. Detailed filing data is available for this year.$10.5$0.00$10.5$2.79$0.08$2.71
2018Detailed filing. Detailed filing data is available for this year.$6.47$0.01$6.46$2.22$0.05$2.17
2017Detailed filing. Detailed filing data is available for this year.$4.96$0.00$4.96$5.02$0.00$5.02