Edgemont School Foundation INC

Tax-deductible

Scarsdale, NY501(c)(3)Since 1993EducationEIN 13-3754763

Edgemont School Foundation awards monetary grants that support and enhance the Edgemont School Districts curriculum, students, and teachers. Since its inception, Edgemont School Foundation has granted over $2.2 Million to the Edgemont School District for programs that have improved the curriculum, modernized facilities, and enhanced the educational experience of all Edgemont students.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $100K a year · 66% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $17K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$200K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$115K
-28% vs prior year
Spent
$368K
To programs
98%
Net assets
$869K
By yearFY2020–FY2024
Revenue
$115K
FY2024▼ -28%
Revenue by fiscal year
FY2020$128K
FY2021$269K
FY2022$95K
FY2023$115K
FY2024$160K
FY2024$115K
Expenses
$368K
FY2024▲ ×34
Expenses by fiscal year
FY2020$76K
FY2021$128K
FY2022$36K
FY2023$13K
FY2024$11K
FY2024$368K
Net assets
$869K
FY2024▼ -18%
Net assets by fiscal year
FY2020$613K
FY2021$754K
FY2022$697K
FY2023$838K
FY2024$1.1M
FY2024$869K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $360K Management & general 1% · $5K Fundraising 1% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Edgemont School Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enhance Edgemont schools' curriculum through support and enrichment programs.

Provided by the organization

This section is blank until Edgemont School Foundation INC claims this page.

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1 program service account for $360K of program spending, described in the organization's own filed words · FY2024.
01

Awarded the edgemont union free school district $354,325 in support to enhance the quality of edgemont students' education

$360Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 4 grants · $514K · 2020–2024
Edgemont UfsdFY2024$354,325
Edgemont UfsdFY2021$26,509
Edgemont UfsdFY2021$26,509
Edgemont UfsdFY2020$106,384

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$115K
Ln 12
Gifts and grantsLn 1h$89K
Investment incomeLn 3$26K
Money outPt IX
$368K
Ln 25
Programscol B$360K
Managementcol C$5K
Fundraisingcol D$4K
Owns and owesPt X
$869K
net assets · Ln 32
Cash and savingsLn 1–2$241K
Total assetsLn 16$1.1M
LiabilitiesLn 26$200K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$89K
Investment incomeLn 3$26K
Gains on assetsLn 7$6K
Total revenueLn 12$115K
Assets in detailPt X, end of year
CashLn 1$241K
SavingsLn 2$0
Cash and savings togetherLn 1–2$241K
InvestmentsLn 11–13$828K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.1M
LiabilitiesLn 26$200K
Net assetsLn 32$869K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$92K$241K
InvestmentsLn 11–13$1.2M$828K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.3M$1.1M
LiabilitiesLn 26$233K$200K
Net assetsLn 32$1.1M$869K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$354K$354K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$7K$5K$666$666
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$587$587
All other expensesLn 24e$0
Total functional expensesLn 25$368K$360K$5K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $160K$11K$149K$1.1M 990 PDF
FY2023 $115K$13K$102K$838K 990 PDF
FY2022 $95K$36K$59K$697K 990 PDF
FY2021 $269K$128K$141K$754K 990 PDF
FY2020 $128K$76K$51K$613K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $115,141 across 8 lines filed
VIII-1f All other contributions, gifts and grants$89,416
VIII-1h Total contributions, gifts and grants$89,416
VIII-3 Investment incomeExcluded from tax $19,749$19,749
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $5,976$5,976
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $5,976 · Excluded from tax $19,749$115,141
Part IX · Statement of functional expenses $367,909 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $354,325$354,325
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,430$3,430
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionFundraising $2,902$2,902
IX-13 Office expensesPrograms $5,333 · Management $666 · Fundraising $666$6,665
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $587$587
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $359,658 · Management $4,683 · Fundraising $3,568$367,909
Part X · Balance sheet $1,068,980 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $91,231$240,544
X-2 Savings and temporary cash investmentsStart of year $835$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,201,700$828,436
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,293,766$1,068,980
X-18 Grants payableStart of year $233,331$199,998
X-26 Total liabilitiesStart of year $233,331$199,998
X-27 Net assets without donor restrictionsStart of year $1,060,435$868,982
X-32 Total net assets or fund balancesStart of year $1,060,435$868,982
X-33 Total liabilities and net assetsStart of year $1,293,766$1,068,980
Part XI · Reconciliation of net assets $868,982 net assets at year end
XI-1 Total revenue$115,141
XI-2 Total expenses$367,909
XI-3 Revenue less expenses−$252,768
XI-4 Net assets at start of year$1,060,435
XI-5 Net unrealized gains (losses) on investments$61,315
XI-10 Net assets at end of year$868,982

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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