Civic Intelligence

American Edge

990 • Fiscal year 2021 • EIN 84-3837074

Nov 01, 2020 to Oct 31, 2021 • Filed on Sep 13, 2022

8300 Boone Blvd Suite 500Vienna, VA 22182

(202) 342-6000

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2021 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

15th percentile

0.01x

Higher debt load relative to revenue than 15% of similar nonprofits.

2021 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2021

Net Margin

68th percentile

36%

Higher net margin than 68% of similar nonprofits.

2021 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2021

Asset Growth

99th percentile

970%

Faster asset growth than 99% of similar nonprofits.

2021 filings • 501(c)4 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

751%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)4 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$13,719,812

Up $12,437,735 (+970%) from 2020

Net Assets

Up

$13,541,517

Up $12,259,440 (+956%) from 2020

Liabilities

Up

$178,295

Up $178,295 from 2020

Revenue

Up

$34,025,000

Up $30,025,000 (+751%) from 2020

Expenses

Up

$21,608,208

Up $18,890,285 (+695%) from 2020

Net Income

Up

$12,416,792

Up $11,134,715 (+868%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2020: $1,282,077Liabilities 2020: $0Net Assets 2020: $1,282,0772020Assets 2021: $13,719,812Liabilities 2021: $178,295Net Assets 2021: $13,541,5172021Assets 2022: $14,884,311Liabilities 2022: $601,276Net Assets 2022: $14,283,0352022Assets 2024: $6,126,341Liabilities 2024: $190,558Net Assets 2024: $5,935,7832024

Highlighted filing

2021

Assets$13,719,812
Liabilities$178,295
Net Assets$13,541,517

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2020: $4,000,000Expenses 2020: $2,717,923Net Income 2020: $1,282,0772020Revenue 2021: $34,025,000Expenses 2021: $21,608,208Net Income 2021: $12,416,7922021Revenue 2022: $47,500,000Expenses 2022: $46,758,482Net Income 2022: $741,5182022Revenue 2024: $24,117,533Expenses 2024: $33,954,950Net Income 2024: -$9,837,4172024

Highlighted filing

2021

Revenue$34,025,000
Expenses$21,608,208
Net Income$12,416,792
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Sep 13, 2022
Return Version
2020v4.1
Gross Receipts
$34,025,000
Mission and Program Overview

Mission

The organization is established primarily to further the common good and general welfare of u.s. Citizens by engaging in education and advocacy efforts to promote the benefits of american technology.

Further the common good and general welfare of u.s. Citizens by engaging in education and advocacy efforts to promote the benefits of american technology

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,282,077$12,418,209▲ $11,136,132
Prepaid Expenses and Deferred Charges$0$1,301,603▲ $1,301,603
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,282,077$13,719,812▲ $12,437,735
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$178,295▲ $178,295
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$178,295▲ $178,295
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,282,077$13,541,517▲ $12,259,440
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,282,077$13,541,517▲ $12,259,440
Total Liabilities and Net Assets / Fund Balance$1,282,077$13,719,812▲ $12,437,735
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad SmithDirector/president
Susana MartinezDirector
Christopher CarneyDirector/secretary
Douglas KellyCEO Began 9/7/2021
Amy GilbertTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cavalry LLCStrat/comm/media1634 EYE STREET NW STE 800, Washington, DC 20006$1,123,867
Global Strategy Group LLCStrat/mgmt Support215 PARK AVENUE SOUTH 15TH FLOOR, New York, NY 10003$910,000
Fp1 Strategies LLCStrat/mgmt/research3001 WASHINGTON BLVD 7TH FLOOR, Arlington, VA 22201$748,319
Hvbtj PllcLegal Services15405 JOHN MARSHALL HIGHWAY, Haymarket, VA 20169$213,326
Advanced Advocacy LLCStrategic Services1750 K STREET NW STE 1200, Washington, DC 20006$110,000
Revenue and Support

Revenue Composition

Contributions and Grants
$34,025,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$34,025,000
Change in Net Assets
$12,416,792

Audited Revenue Reconciliation

Revenue per Audited Statements
$34,025,000
Total Revenue per Audited Statements
$34,025,000
Total Revenue per Form 990
$34,025,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,286,417
Grants and Similar Amounts Paid$277,500
Salaries, Compensation, and Employee Benefits$44,291
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$20,613,554--$20,613,554
Grants to Domestic Orgs$277,500--$277,500
Fees for Services Legal-$265,884-$265,884
Fees for Services Management$120,000$120,000-$240,000
Fees for Services Accounting-$147,150-$147,150
Current Officers, Directors, Trustees, and Key Employees$36,791$4,088-$40,879
Insurance-$15,295-$15,295
Payroll Taxes$3,071$341-$3,412
Office Expenses$209$1,341-$1,550
Occupancy-$1,525-$1,525
Conferences and Meetings-$1,459-$1,459
Total Functional Expenses$21,051,125$557,083$0$21,608,208

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$21,608,208
Total Expenses per Audited Statements$21,608,208
Total Expenses per Form 990$21,608,208
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Atlantic CouncilWashington, DC501(c)(3)General Support$200,000
Arizona Chamber of CommerceScottsdale, AZ501(c)(6)General Support$15,000
Small Business & Entrepreneurship CouncilVienna, VA501 (c)(4)General Support$15,000
Center of Innovation & Free EnterpriseRaleigh, NC501(c)(4)General Support$10,000
Hispanic Heritage FoundationWashington, DC501(c)(3)General Support$10,000
Ser Jobs for Progress NationalIrving, TX501(c)(3)General Support$10,000
Trade Alliance to Promote ProsperityStpaul, MN501 (c)(4)General Support$10,000
Market InstituteBurke, VA501(c)(4)General Support$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gilbert Wolfand PcAmy Gilbert, C4 Treas, Majority Shareholder Gilbert & Wolfand, PcAccounting ServicesNo$147,150

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
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
Yes
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
Yes

Governance Explanations

Part VI, Section A, Line 3

The organization utilizes an independent contractor to assist with management duties for the organization.

Part VI, Section B, Line 11B

Prior to the filing, a draft form 990 is reviewed by outside counsel. A final draft form 990 is emailed to the board of directors with an indication of an anticipated filing date. The directors are given the opportunity to raise any issues of concern. These issues are discussed and incorporated in the final form 990 as necessary. The form 990 is filed after board approval.

Part VI Section B Line 12C

The organization requires each director and officer to annually sign a statement which affirms that such person has received a copy of the conflict of interest policy; has read and understands such policy; has agreed to comply with the policy; and understands the organization is a tax-exempt social welfare organization and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.

Part VI Section B, Line 15A

Consultants familiar with fair market value compensation for similarly situated organizations were tasked with determining an appropriate rate of pay for the ceo of the organizaton.

Part VI, Section C, Line 19

The organization makes the form 990 available to the public upon request.

Filing and Contact Details

Filer

Filer Name
American Edge
EIN
84-3837074
In Care Of
% GILBERT & WOLFAND PC
Phone
2023426000
Address
8300 BOONE BLVD SUITE 500, VIENNA, VA 22182

Signing Officer

Name
Brad Smith
Title
President
Phone
2023426000
Signed
2022-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Smith
Formed
2019
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Gilbert & Wolfand Pc
Address
2201 WISCONSIN AVE NW SUITE 320, WASHINGTON, DC 20007
Preparer
Amy C Gilbert CPA
Phone
2023426000
Supplemental Narrative

Additional Explanations

Part XI, Line 9 and Part XII, Line 1

American edge changed its accounting method from cash to accrual basis, effective 11/1/2020. Accordingly, a net section 481(a) adjustment of -$157,352 was made to reflect prepaid expenses of $118,556 and accounts payable of $275,908 not required to be reported on the cash basis 2019 form 990 for the fiscal year ended 10/31/2020.

Form 990 Part IX Line 11G

Description:media placement/strategic serv total fees:19557809

Form 990 Part IX Line 11G

Description:polling/communications/content total fees:1055745

Financial Statement Notes

Fin 48 (asc 740)

For the year ended october 31, 2021, american edge has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.

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