Civic Intelligence

The Edison Charitable Foundation

990 • Fiscal year 2023 • EIN 82-3773713

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

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.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

5th percentile

0.00x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

97th percentile

82%

Higher net margin than 97% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

76th percentile

18%

Faster asset growth than 76% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-29%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$28,040,391

Up $4,259,640 (+18%) from 2022

Net Assets

Up

$28,034,366

Up $4,257,865 (+18%) from 2022

Liabilities

Up

$6,025

Up $1,775 (+42%) from 2022

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin97th percentile

Revenue

Down

$1,373,740

Down $566,349 (-29%) from 2022

Expenses

Up

$249,561

Up $93,223 (+60%) from 2022

Net Income

Down

$1,124,179

Down $659,572 (-37%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth76th 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

2023

Assets$28,040,391
Liabilities$6,025
Net Assets$28,034,366
Open 2023 Filing

Operations Trend

Revenue Growth12th 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

2023

Revenue$1,373,740
Expenses$249,561
Net Income$1,124,179
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$6,030,476
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$23,776,501$28,034,366▲ $4,257,865
Investments in Publicly Traded Securities$22,888,447$27,099,353▲ $4,210,906
Investments Other Securities$499,994$499,994→ $0
Savings and Temporary Cash Investments$392,310$441,044▲ $48,734
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$23,780,751$28,040,391▲ $4,259,640
Liabilities
Accounts Payable and Accrued Expenses$4,250$6,025▲ $1,775
Total Liabilities$4,250$6,025▲ $1,775
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,776,501$28,034,366▲ $4,257,865
Total Liabilities and Net Assets / Fund Balance$23,780,751$28,040,391▲ $4,259,640
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Parilee Edison WangPresident and Director
Leslie D EdisonDirector
Jeffrey S EdisonDirector and CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$54,620
Program Service Revenue
$0
Investment Income
$1,319,120
Other Revenue
$0
All Other Contributions
$54,620
Change in Net Assets
$1,124,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$156,061
Grants and Similar Amounts Paid$93,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$93,500--$93,500
Fees for Services Legal-$80,000-$80,000
Fees for Service Investment Mgmnt Fees-$62,053-$62,053
Fees for Services Accounting-$6,550-$6,550
Other Expenses-$6,351-$6,351
Insurance-$882-$882
Fees for Services Other-$225-$225
Total Functional Expenses$93,500$156,061$0$249,561
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 and director leslie d. Edison are the parents of officer and director parilee edison wang.”

Form 990, Part VI, Section A, Line 2

“Director and officer jeffrey s. Edison and director leslie d. Edison are married.”

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
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey S Edison
Formed
2017
Legal Domicile
Oh
Voting Board Members
3
Independent Board Members
3
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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04250
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06025
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE FOUNDATION IS ORGANIZED TO PROVIDE ASSISTANCE FOR CHARITABLE AND EDUCATIONAL PURPOSES.
IRS990/AllOtherContributionsAmt054620
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JEFFREY S EDISON
IRS990/BooksInCareOfDetail/PhoneNum05135541110
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03247 SANTA FE ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0PARK CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0UT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd084098
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt054620
IRS990/CYGrantsAndSimilarPaidAmt093500
IRS990/CYInvestmentIncomeAmt01319120
IRS990/CYOtherExpensesAmt0156061
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01124179
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0249561
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01373740
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE ORGANIZATION GRANTED SCHOLARSHIPS TO SEVENTEEN RECIPIENTS TO ATTEND ACCREDITED POST SECONDARY EDUCATIONAL INSTITUTIONS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt093500
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06550
IRS990/FeesForServicesAccountingGrp/TotalAmt06550
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt080000
IRS990/FeesForServicesLegalGrp/TotalAmt080000
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0225
IRS990/FeesForServicesOtherGrp/TotalAmt0225
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt062053
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt062053
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.25
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0PARILEE EDISON WANG
IRS990/Form990PartVIISectionAGrp/PersonNm1JEFFREY S EDISON
IRS990/Form990PartVIISectionAGrp/PersonNm2LESLIE D EDISON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AND DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0701226
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt093500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt093500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt093500
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05357962
IRS990/GrossReceiptsAmt06030476
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0882
IRS990/InsuranceGrp/TotalAmt0882
IRS990/InvestmentIncomeGrp/ExclusionAmt0617894
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0617894
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0499994
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0499994
IRS990/InvestmentsPubTradedSecGrp/BOYAmt022888447
IRS990/InvestmentsPubTradedSecGrp/EOYAmt027099353
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04656736
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE O.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt023776501
IRS990/NetAssetsOrFundBalancesEOYAmt028034366
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0701226
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0701226
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03133686
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06351
IRS990/OtherExpensesGrp/TotalAmt06351
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JEFFREY S EDISON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01855379
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt086000
IRS990/PYInvestmentIncomeAmt084710
IRS990/PYOtherExpensesAmt070338
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01783751
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0156338
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01940089
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01124179
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt023776501
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt028034366
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0392310
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0441044
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt054620
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01855379
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06674929
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04784100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02508545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt015877573
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0617894
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0514847
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0350733
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0209544
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0189154
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01882172
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.41600
IRS990ScheduleA/PublicSupportPY170Pct00.40070
IRS990ScheduleA/PublicSupportTotal170Amt07387483
IRS990ScheduleA/SubstantialContributorsTotAmt08490090
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt054620
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01855379
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06674929
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04784100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02508545
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015877573
IRS990ScheduleA/TotalSupportAmt017759745
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt087500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt16000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATION SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1ICSC FOUNDATION SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt017
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt11
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
IRS990/ScheduleORequiredInd01
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 AND DIRECTOR LESLIE D. EDISON ARE THE PARENTS OF OFFICER AND DIRECTOR PARILEE EDISON WANG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTOR AND OFFICER JEFFREY S. EDISON AND DIRECTOR LESLIE D. EDISON ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD PROVIDED A COPY FOR REVIEW PRIOR TO FILING FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL DISCLOSURES AND A SIGNED STATEMENT IS REQUIRED FOR ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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/ExplanationTxt6THE 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/ExplanationTxt7ADDRESS 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 A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VIII, LINE 7A THROUGH 7C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 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/TotalAssetsBOYAmt023780751
IRS990/TotalAssetsEOYAmt028040391
IRS990/TotalAssetsGrp/BOYAmt023780751
IRS990/TotalAssetsGrp/EOYAmt028040391
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt054620
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0156061
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt093500
IRS990/TotalFunctionalExpensesGrp/TotalAmt0249561
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04250
IRS990/TotalLiabilitiesEOYAmt06025
IRS990/TotalLiabilitiesGrp/BOYAmt04250
IRS990/TotalLiabilitiesGrp/EOYAmt06025
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt023776501
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt028034366
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt093500
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01319120
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01373740
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt023780751
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028040391
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/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.THEEDISONFOUNDATION.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY S EDISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05135541110
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
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/IRSResponsiblePrtyInfoCurrInd00
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/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELANIE J PREVOST CPA
ReturnHeader/ReturnTs02024-11-15T09:00:06-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,040,391
Liabilities
$6,025
Net assets
$28,034,366
Revenue
$1,373,740
Expenses
$249,561
Net income
$1,124,179
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