Civic Intelligence

American Edge

990 • Fiscal year 2023 • EIN 84-3837074

Nov 01, 2022 to Oct 31, 2023 • Filed on Sep 12, 2024

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

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2023 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

18th percentile

0.01x

Higher debt load relative to revenue than 18% of similar nonprofits.

2023 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2023

Net Margin

46th percentile

4.7%

Higher net margin than 46% of similar nonprofits.

2023 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

67th percentile

$280,500

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2023 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2023

Asset Growth

60th percentile

7.5%

Faster asset growth than 60% of similar nonprofits.

2023 filings • 501(c)4 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

14th percentile

-33%

Faster revenue growth than 14% of similar nonprofits.

2023 filings • 501(c)4 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$16,007,722

Up $1,123,411 (+7.5%) from 2022

Net Assets

Up

$15,773,200

Up $1,490,165 (+10%) from 2022

Liabilities

Down

$234,522

Down $366,754 (-61%) from 2022

Revenue

Down

$31,904,000

Down $15,596,000 (-33%) from 2022

Expenses

Down

$30,413,835

Down $16,344,647 (-35%) from 2022

Net Income

Up

$1,490,165

Up $748,647 (+101%) from 2022

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2020: $1,282,077Liabilities 2020: $0Net Assets 2020: $1,282,0772020Assets 2022: $14,884,311Liabilities 2022: $601,276Net Assets 2022: $14,283,0352022Assets 2023: $16,007,722Liabilities 2023: $234,522Net Assets 2023: $15,773,2002023Assets 2024: $6,126,341Liabilities 2024: $190,558Net Assets 2024: $5,935,7832024

Highlighted filing

2023

Assets$16,007,722
Liabilities$234,522
Net Assets$15,773,200

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 2022: $47,500,000Expenses 2022: $46,758,482Net Income 2022: $741,5182022Revenue 2023: $31,904,000Expenses 2023: $30,413,835Net Income 2023: $1,490,1652023Revenue 2024: $24,117,533Expenses 2024: $33,954,950Net Income 2024: -$9,837,4172024

Highlighted filing

2023

Revenue$31,904,000
Expenses$30,413,835
Net Income$1,490,165
Jump To
Filing Snapshot
Filing Period
Nov 1, 2022 to Oct 31, 2023
Signed
Sep 12, 2024
Return Version
2022v5.0
Gross Receipts
$31,904,000
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$14,638,722$14,369,708▼ $269,014
Prepaid Expenses and Deferred Charges$245,589$1,638,014▲ $1,392,425
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$14,884,311$16,007,722▲ $1,123,411
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$601,276$227,385▼ $373,891
Other Liabilities$0$7,137▲ $7,137
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$601,276$234,522▼ $366,754
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,283,035$15,773,200▲ $1,490,165
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$14,283,035$15,773,200▲ $1,490,165
Total Liabilities and Net Assets / Fund Balance$14,884,311$16,007,722▲ $1,123,411
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Douglas KellyCEOFT$280,500$280,500
Brad SmithDirector/president-$55,000$55,000
Christopher CarneyDirector/secretary-$55,000$55,000
Susana MartinezDirector-$55,000$55,000

Board Members and Trustees

NameTitle
Amy GilbertTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fp1 Strategies LLCStrat/mgmt/res/media3001 WASHINGTON BLVD 7TH FLOOR, Arlington, VA 22201$24,237,217
Cavalry LLCStrat/comm/media1634 EYE STREET NW STE 800, Washington, DC 20006$9,081,841
Global Strategy Group LLCStrat/surveys/media215 PARK AVENUE SOUTH 15TH FLOOR, New York, NY 10003$6,346,692
Rational 360Field Programs1828 L STREET NW 640, Washington, DC 20036$3,355,000
Beacon Global Strategies LLCGlobal Strategic Svc800 17TH STREET NW STE 600, Washington, DC 20006$640,000
Revenue and Support

Revenue Composition

Contributions and Grants
$31,904,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$31,904,000
Change in Net Assets
$1,490,165

Audited Revenue Reconciliation

Revenue per Audited Statements
$31,904,000
Total Revenue per Audited Statements
$31,904,000
Total Revenue per Form 990
$31,904,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,600,668
Salaries, Compensation, and Employee Benefits$499,667
Grants and Similar Amounts Paid$313,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$28,760,071--$28,760,071
Current Officers, Directors, Trustees, and Key Employees$454,927$30,547-$485,474
Grants to Domestic Orgs$313,500--$313,500
Fees for Services Legal-$263,029-$263,029
Fees for Services Accounting-$256,712-$256,712
Fees for Services Management$120,000$120,000-$240,000
Insurance-$47,841-$47,841
Office Expenses$14,260$4,901-$19,161
Payroll Taxes$12,773$1,420-$14,193
Conferences and Meetings-$12,098-$12,098
Occupancy-$1,756-$1,756
Total Functional Expenses$29,675,531$738,304$0$30,413,835

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$30,413,835
Total Expenses per Audited Statements$30,413,835
Total Expenses per Form 990$30,413,835
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Smarter RegulationWashington, DC501(c)(4)General Support$126,000
Competitive Enterprise InstituteWashington, DC501(c)(3)General Support$32,500
Center for Individual FreedomFairfax, VA501(c)(4)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
National Black Chamber of CommerceWashington, DC501(c)(3)General Support$10,000
National Puerto Rican Chamber of CommerceWashington, 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
UspaaccWashington, DC501(c)(6)General Support$10,000
Women Impacting Public PolicySan Francisco, CA501(c)(6)General Support$10,000
Financial Services Innovation CoalitionWashington, DC501(c)(4)General Support$7,500
Latino CoalitionKansas City, MO501(c)(3)General Support$7,500
Madison Services Group IncWashington, DC-General Support$7,500
Market InstituteBurke, VA501(c)(4)General Support$7,500
Partnership for Innovation & EmpowermentWashington, DC501(c)(3)General Support$7,500
US Minority Chamber of CongressMiami Springs, FL501(c)(3)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
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$4,086,954
Total Nondeductible Lobbying and Political Cost$4,086,954
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gilbert Wolfand PcA Gilbert, Treas,sh G&wAccounting ServicesNo$225,645

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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Liabilities$7,137
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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 V Section C, Line 19

Organizational documents and annual tax returns are available upon request in accordance with irs regulations.

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
2024-09-12
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
1

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

Form 990 Part IX Line 11G

Description:media placement/strat serv total fees:27614766

Form 990 Part IX Line 11G

Description:polling/comm/content total fees:1145305

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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/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt14GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt15GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt16GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt17GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1TRADE ALLIANCE TO PROMOTE PROSPERITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CENTER OF INNOVATION & FREE ENTERPRISE

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