Civic Intelligence

The Edison Charitable Foundation

990 • Fiscal year 2021 • EIN 82-3773713

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 13, 2022

Organization ProfileWWW.THEEDISONFOUNDATION.COM
3247 Santa Fe RoadPark City, UT 84098

(513) 554-1110

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

5th percentile

0.00x

Higher debt load relative to revenue than 5% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

93rd percentile

54%

Faster asset growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

77th percentile

43%

Faster revenue growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$25,961,474

Up $9,089,912 (+54%) from 2020

Net Assets

Up

$25,957,474

Up $9,088,412 (+54%) from 2020

Liabilities

Up

$4,000

Up $1,500 (+60%) from 2020

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin99th percentile

Revenue

Up

$7,025,662

Up $2,121,261 (+43%) from 2020

Expenses

Up

$141,003

Up $36,885 (+35%) from 2020

Net Income

Up

$6,884,659

Up $2,084,376 (+43%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth93rd 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

2021

Assets$25,961,474
Liabilities$4,000
Net Assets$25,957,474
Open 2021 Filing

Operations Trend

Revenue Growth77th 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

2021

Revenue$7,025,662
Expenses$141,003
Net Income$6,884,659
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 13, 2022
Return Version
2021v4.2
Gross Receipts
$7,025,662
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$16,869,062$25,957,474▲ $9,088,412
Investments in Publicly Traded Securities$11,709,631$19,211,546▲ $7,501,915
Savings and Temporary Cash Investments$5,161,931$6,749,928▲ $1,587,997
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$16,871,562$25,961,474▲ $9,089,912
Liabilities
Accounts Payable and Accrued Expenses$2,500$4,000▲ $1,500
Total Liabilities$2,500$4,000▲ $1,500
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,869,062$25,957,474▲ $9,088,412
Total Liabilities and Net Assets / Fund Balance$16,871,562$25,961,474▲ $9,089,912
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$6,674,929
Program Service Revenue
$0
Investment Income
$350,733
Other Revenue
$0
All Other Contributions
$6,674,929
Change in Net Assets
$6,884,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$82,500
Other Expenses$58,503
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$82,500--$82,500
Fees for Service Investment Mgmnt Fees-$45,127-$45,127
Fees for Services Other-$5,511-$5,511
Fees for Services Accounting-$4,186-$4,186
Other Expenses-$2,797-$2,797
Insurance-$882-$882
Total Functional Expenses$82,500$58,503$0$141,003
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 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
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.”

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

“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
3247 SANTA FE ROAD, PARK CITY, UT 84098

Signing Officer

Name
Jeffrey S Edison
Title
CEO
Phone
5135541110
Signed
2022-11-13
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
Plante & Moran Pllc
Address
537 E PETE ROSE WAY, CINCINNATI, OH 45202
Preparer
Melanie J Prevost CPA
Phone
5135958800
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: 3247 santa fe road park city, ut 84098”

Raw XML Appendix335 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:
IRS990/ScheduleJRequiredInd00
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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.
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/ExplanationTxt4THE 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: 3247 SANTA FE ROAD PARK CITY, UT 84098
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt016871562
IRS990/TotalAssetsEOYAmt025961474
IRS990/TotalAssetsGrp/BOYAmt016871562
IRS990/TotalAssetsGrp/EOYAmt025961474
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06674929
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058503
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt082500
IRS990/TotalFunctionalExpensesGrp/TotalAmt0141003
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02500
IRS990/TotalLiabilitiesEOYAmt04000
IRS990/TotalLiabilitiesGrp/BOYAmt02500
IRS990/TotalLiabilitiesGrp/EOYAmt04000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016869062
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt025957474
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt082500
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0350733
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07025662
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016871562
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt025961474
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03247 SANTA FE ROAD
IRS990/USAddress/CityNm0PARK CITY
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084098
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THEEDISONFOUNDATION.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY S EDISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05135541110
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE EDISON CHARITABLE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0EDIS
ReturnHeader/Filer/EIN0823773713
ReturnHeader/Filer/PhoneNum05135541110
ReturnHeader/Filer/USAddress/AddressLine1Txt03247 SANTA FE ROAD
ReturnHeader/Filer/USAddress/CityNm0PARK CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084098
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381357951
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLANTE & MORAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0537 E PETE ROSE WAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CINCINNATI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045202
ReturnHeader/PreparerPersonGrp/PhoneNum05135958800
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELANIE J PREVOST CPA
ReturnHeader/ReturnTs02022-11-14T13:17:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JEFFREY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0EDISON
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,961,474
Liabilities
$4,000
Net assets
$25,957,474
Revenue
$7,025,662
Expenses
$141,003
Net income
$6,884,659
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