Liabilities / Assets
23rd percentile
Higher debt load relative to assets than 23% of similar nonprofits.
Edge AI Foundation
990 • Fiscal year 2024 • EIN 84-2137184
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
21st percentile
Higher debt load relative to revenue than 21% of similar nonprofits.
Net Margin
20th percentile
Higher net margin than 20% of similar nonprofits.
Top Officer Pay
69th percentile
Higher top officer pay than 69% of similar nonprofits.
Top officer pay equals 10.1% of source-year revenue.
Asset Growth
11th percentile
Faster asset growth than 11% of similar nonprofits.
Revenue Growth
46th percentile
Faster revenue growth than 46% of similar nonprofits.
Balance Sheet
Assets
Down$736,344
Down $119,363 (-14%) from 2023
Net Assets
Down$735,150
Down $120,557 (-14%) from 2023
Liabilities
Up$1,194
Up $1,194 from 2023
Revenue And Expenses
Revenue
Up$1,049,077
Up $57,177 (+5.8%) from 2023
Expenses
Up$1,169,634
Up $419,142 (+56%) from 2023
Net Income
Down-$120,557
Down $361,965 (-150%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Jul 12, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $1,049,077
Mission and Program Overview
Mission
To educate industry and the general public, promote research and community collaborations, and conduct technical events related to low power machine learning for artificial intelligence applications
To educate industry on low power machine learning for artificial intelligence applications.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $855,707 | $735,150 | ▼ $120,557 |
| Cash and Non-Interest-Bearing Accounts | $208,138 | $443,048 | ▲ $234,910 |
| Savings and Temporary Cash Investments | $647,569 | $293,296 | ▼ $354,273 |
| Total Assets | $855,707 | $736,344 | ▼ $119,363 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $0 | $1,194 | ▲ $1,194 |
| Total Liabilities | $0 | $1,194 | ▲ $1,194 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $855,707 | $735,150 | ▼ $120,557 |
| Total Liabilities and Net Assets / Fund Balance | $855,707 | $736,344 | ▼ $119,363 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Peter Bernard | Executive Director | PT | $105,624 | $105,624 |
Board Members and Trustees
| Name | Title |
|---|---|
| Didem Un Ates | Director |
| Vijay Janapa Reddi | Director |
| Zach Shelby | Director |
| Marian Verhelst | Director, Resigned April 20, 2024 |
| Evgeni Gousev | Chariman |
| Ira Feldman | Secretary/treasurer, Resigned April 30 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $881,409
- Program Service Revenue
- $158,834
- Investment Income
- $12,558
- Other Revenue
- $-3,724
- All Other Contributions
- $881,409
- Change in Net Assets
- $-120,557
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $862,271 |
| Salaries, Compensation, and Employee Benefits | $296,193 |
| Grants and Similar Amounts Paid | $11,170 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| All Other Expenses | $594,739 | $129 | $0 | $594,868 |
| Other Salaries and Wages | $146,969 | $105,624 | $0 | $252,593 |
| Fees for Services Management | $0 | $92,951 | $0 | $92,951 |
| Travel | $69,081 | $0 | $0 | $69,081 |
| Comp Disqual Persons | $0 | $43,600 | $0 | $43,600 |
| Information Technology | $40,448 | $0 | $0 | $40,448 |
| Fees for Services Legal | $0 | $35,215 | $0 | $35,215 |
| Grants to Domestic Individuals | $11,170 | - | - | $11,170 |
| Other Expenses | $5,129 | $0 | $0 | $5,129 |
| Insurance | $4,162 | $0 | $0 | $4,162 |
| Advertising | $3,662 | $0 | $0 | $3,662 |
| Fees for Services Other | $0 | $392 | $0 | $392 |
| Office Expenses | $0 | $183 | $0 | $183 |
| Total Functional Expenses | $891,067 | $278,567 | $0 | $1,169,634 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Unesco | Medina, WA | - | Education | $10,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- Backup withholding compliance
- 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
- Yes
- 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
- Yes
Filing and Contact Details
Filer
- Filer Name
- Edge Ai Foundation
- EIN
- 84-2137184
- Phone
- 4086068005
- Address
- 2021 THE ALAMEDA, SAN JOSE, CA 95126
Signing Officer
- Name
- Pete Bernard
- Title
- Officer
- Phone
- 4086068005
- Signed
- 2025-07-12
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Pete Bernard
- Formed
- 2019
- Legal Domicile
- CA
- Voting Board Members
- 6
- Independent Board Members
- 6
- Employees
- 0
- Volunteers
- 100
Preparer
- Firm
- Grimaldi Solutions LLC
- Address
- 2021 THE ALAMEDA STE 250, SAN JOSE, CA 95126
- Preparer
- Laura a Grimaldi
- Phone
- 4086068005
Supplemental Narrative
Additional Explanations
Pt VI, Line 3
“Edge ai foundation contracts feldman engineering corp. (fec)to provide administrative services. Fec is owned by ira feldman (prior director resigned april 20, 2024)total paid (including expense reimbursements) to fec was $249,715.15 or which 92,950.83 was paid for ira feldmans services as managing director.”
Pt VI, Line 3
“Pete bernard was paid 105,624 for his services as executive director in 2024.”
Pt VI, Line 8B
“There is no committee with authority to act on behalf of the board.”
Pt VI, Line 11B
“The board reviews the form 990 before filing it.”
Pt VI, Line 12C
“To ensure the organization operates in a manner consistent with its charitable purposes and does not engage in activities that could jeanpardize its exemption, periodic reviews are conducted. These reviews shall include whether partnerships, joint ventures, and arrangement with management entities conform to the organizations written policies, are properly recorded, reflect reasonable investment or payment for goods and services, further the charitable purposes, and do not result in inurement, impermissible pribvate benefit, or an excess benefit transaction. The use of outside experts is permitted, but not required, in conducting the review.”
Pt VI, Line 15A
“The salaries of officers shall be fixed from time to time by resolution of the board of directors. In all cases, officer salaries shall be reasonable and given in return for services actually rendered to the organization. All officer salaries shall be approved in advance in accordance with the conflice of interest policy in article 9 of the bylaws.”
Pt VI, Line 15B
“SAME AS PT VI, LINE 15A”
Pt VI, Line 18
“AVAILABLE UPON REQUEST”
Pt VI, Line 19
“The foundation governing documents, conflict of interest policy and financial statements are available upon request at the foundation.”
Pt VI, Line 4
“Organization changed its name from tinyml foundation to edge ai foundation. This name change reflects the changing nature of ai technology.”
Form 990, Part IX, Line 24E
“Marketing 187746. 187746. 0. 0.”
Form 990, Part IX, Line 24E
“Other professional fees 24500. 24500. 0. 0.”
Form 990, Part IX, Line 24E
“Postage and shipping 6. 0. 6. 0.”
Form 990, Part IX, Line 24E
“State fees 123. 0. 123. 0.”
Form 990, Part IX, Line 24E
“Event expenses 382493. 382493. 0. 0.”
Raw XML AppendixShowing 400 of 432 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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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EDGE AI FOUNDATION CONTRACTS FELDMAN ENGINEERING CORP. (FEC)TO PROVIDE ADMINISTRATIVE SERVICES. FEC IS OWNED BY IRA FELDMAN (PRIOR DIRECTOR RESIGNED APRIL 20, 2024)TOTAL PAID (INCLUDING EXPENSE REIMBURSEMENTS) TO FEC WAS $249,715.15 OR WHICH 92,950.83 WAS PAID FOR IRA FELDMANS SERVICES AS MANAGING DIRECTOR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PETE BERNARD WAS PAID 105,624 FOR HIS SERVICES AS EXECUTIVE DIRECTOR IN 2024. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE BOARD REVIEWS THE FORM 990 BEFORE FILING IT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEANPARDIZE ITS EXEMPTION, PERIODIC REVIEWS ARE CONDUCTED. THESE REVIEWS SHALL INCLUDE WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENT WITH MANAGEMENT ENTITIES CONFORM TO THE ORGANIZATIONS WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENT FOR GOODS AND SERVICES, FURTHER THE CHARITABLE PURPOSES, AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIBVATE BENEFIT, OR AN EXCESS BENEFIT TRANSACTION. THE USE OF OUTSIDE EXPERTS IS PERMITTED, BUT NOT REQUIRED, IN CONDUCTING THE REVIEW. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE SALARIES OF OFFICERS SHALL BE FIXED FROM TIME TO TIME BY RESOLUTION OF THE BOARD OF DIRECTORS. IN ALL CASES, OFFICER SALARIES SHALL BE REASONABLE AND GIVEN IN RETURN FOR SERVICES ACTUALLY RENDERED TO THE ORGANIZATION. ALL OFFICER SALARIES SHALL BE APPROVED IN ADVANCE IN ACCORDANCE WITH THE CONFLICE OF INTEREST POLICY IN ARTICLE 9 OF THE BYLAWS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | SAME AS PT VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | AVAILABLE UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | THE FOUNDATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE FOUNDATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | ORGANIZATION CHANGED ITS NAME FROM TINYML FOUNDATION TO EDGE AI FOUNDATION. THIS NAME CHANGE REFLECTS THE CHANGING NATURE OF AI TECHNOLOGY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | MARKETING 187746. 187746. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | OTHER PROFESSIONAL FEES 24500. 24500. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | POSTAGE AND SHIPPING 6. 0. 6. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | STATE FEES 123. 0. 123. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | EVENT EXPENSES 382493. 382493. 0. 0. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 8b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Pt VI, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Pt VI, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Pt VI, Line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Pt VI, Line 18 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Pt VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Pt VI, Line 4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Form 990, Part IX, Line 24e |
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Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $736,344
- Liabilities
- $1,194
- Net assets
- $735,150
- Revenue
- $1,049,077
- Expenses
- $1,169,634
- Net income
- -$120,557