Edward Charles Foundation FY2021 filing

Tax-deductible

Beverly Hills, CA501(c)(3)Since 2009Human ServicesEIN 26-4245043

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Fiscal sponsorship of charitable initiatives.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$115K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $10.7M a year · 20% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$115K
to officers and key staff · 0.5% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 20.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $522K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$51.6M
Spent
$21.0M
To programs
96%
Net assets
$36.1M
By yearFY2021–FY2025
Revenue
$51.6M
FY2021
Revenue by fiscal year
FY2021$51.6M
FY2022$41.3M
FY2023$39.9M
FY2024$66.5M
FY2025$67.6M
Expenses
$21.0M
FY2021
Expenses by fiscal year
FY2021$21.0M
FY2022$54.9M
FY2023$26.0M
FY2024$52.3M
FY2025$59.3M
Net assets
$36.1M
FY2021
Net assets by fiscal year
FY2021$36.1M
FY2022$21.1M
FY2023$34.1M
FY2024$44.7M
FY2025$54.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2009.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $20.2M Management & general 4% · $893K

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

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Who runs it and what they're paid

4 people listed on the 990; $115K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$115,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Justin a Dent’s $232K as Director is at the 57th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2021
Justin a Dent$231,500—
Michael B McCord$219,308—
Stacey C William$215,730—
Morgan Camu$211,500—
Tatiana Litvin$195,000—
Kent Seton—$115,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Edward Charles Foundation 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 15aYes

Programs and updates

Provides fiscal sponsorship and administrative support to diverse charitable initiatives, including an educational think tank researching artificial intelligence ethics in partnership with Oxford University.

Provided by the organization

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3 programs · $9.1M · in their own filed words · FY2020
01

Help kitchen provides relief to the distressed and poor by providing food and other items of nourishment to those who do not have.

$6.0Mprogram expense
02

Outschool.org

To provide free classes to public school families affected by school closures as a resut of coronavirus.

$2.6Mprogram expense
03

More than a meal provides relief to the distressed and poor by providing food to insecure population with food and necessities.

$521Kprogram expense

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 · FY2025
Ct3 FoundationFY2025$287K
Visionary WomenFY2025$40K
Total grants receivedfrom 9 funders$522K
See all 9 funders →
Grants paid · 618 grants · $99.0M · 2020–2024
Structural Unemployment (dba Working Nation)FY2024$4,008,656
When Justice PbcCA · FY2024$2,843,000
Root Cause FoundationFL · FY2024$1,000,000
Unitemized GrantFY2024$709,469
Crisis Text Line INCNY · FY2024$620,533
Arts & Design Alumni ResearchRI · FY2024$617,400
College TrackCA · FY2024$600,000
Rennervation FoundationNV · FY2024$597,405
Thrive Market INCFY2024$455,012
Heal Palestine INCOH · FY2024$423,869
Rod Dedeaux FoundationCA · FY2024$423,590
Starlink Initiative LtdFY2024$368,450
See all 618 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$51.6M
Ln 12
Gifts and grantsLn 1h$50.7M
Fees for servicesLn 2g$825K
Investment incomeLn 3$38K
Money outPt IX
$21.0M
Ln 25
Programscol B$20.2M
Managementcol C$893K
Owns and owesPt X
$36.1M
net assets · Ln 32
Cash and savingsLn 1–2$35.3M
Total assetsLn 16$37.1M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50.7M
Government grantsLn 1e$90K
Noncash giftsLn 1g$27K
Fees for servicesLn 2g$825K
Investment incomeLn 3$38K
Gains on assetsLn 7$22K
Total revenueLn 12$51.6M
Assets in detailPt X, end of year
CashLn 1$15.3M
SavingsLn 2$20.0M
Cash and savings togetherLn 1–2$35.3M
InvestmentsLn 11–13$1.3M
Total assetsLn 16$37.1M
LiabilitiesLn 26$1.0M
Net assetsLn 32$36.1M
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$4.4M$35.3M
InvestmentsLn 11–13$1.2M$1.3M
Total assetsLn 16$5.7M$37.1M
LiabilitiesLn 26$345K$1.0M
Net assetsLn 32$5.3M$36.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.0M$6.0M
Grants to domestic individualsLn 2$88K$88K
Grants and assistance to foreign recipientsLn 3$34K$34K
Pay of current officers, directors and key staffLn 5$115K$115K
Other salaries and wagesLn 7$472K$100K$372K
Other employee benefitsLn 9$60K$60K
Payroll taxesLn 10$47K$18K$29K
Legal feesLn 11b$100K$88K$12K
Accounting feesLn 11c$735K$652K$83K
Other fees for servicesLn 11g$2.0M$1.8M$237K
Advertising and promotionLn 12$247K$247K
Office expensesLn 13$23K$21K$3K
Information technologyLn 14$301K$300K$888
OccupancyLn 16$79K$57K$23K
InsuranceLn 23$106K$32K$74K
Other expenses (24a–d)Ln 24$10.6M$10.6M$420
Total functional expensesLn 25$21.0M$20.2M$893K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $67.6M$59.3M$8.3M$54.6M 990 PDF
FY2024 $66.5M$52.3M$14.2M$44.7M 990 PDF
FY2023 $39.9M$26.0M$13.8M$34.1M 990 PDF
FY2022 $41.3M$54.9M−$13.5M$21.1M 990 PDF
FY2021 Viewing $51.6M$21.0M$30.5M$36.1M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $51,576,473 across 8 lines filed
VIII-1e Government grants$90,000
VIII-1f All other contributions, gifts and grants$50,622,586
VIII-1g Noncash contributions (included above)$27,312
VIII-1h Total contributions, gifts and grants$50,712,586
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $825,433$825,433
VIII-3 Investment incomeExcluded from tax $16,728$16,728
VIII-7 Net gain or loss on sales of assetsRelated to mission $21,726$21,726
VIII-12 Total revenueRelated to mission $847,159 · Unrelated business $0 · Excluded from tax $16,728$51,576,473
Part IX · Statement of functional expenses $21,043,937 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $6,019,535$6,019,535
IX-2 Grants to domestic individualsPrograms $87,653$87,653
IX-3 Grants and assistance to foreign recipientsPrograms $33,875$33,875
IX-5 Pay of current officers, directors and key staffPrograms $115,000$115,000
IX-7 Other salaries and wagesPrograms $99,939 · Management $372,337$472,276
IX-9 Other employee benefitsManagement $60,000$60,000
IX-10 Payroll taxesPrograms $18,356 · Management $28,583$46,939
IX-11b Legal feesPrograms $88,500 · Management $11,682$100,182
IX-11c Accounting feesPrograms $652,395 · Management $82,597$734,992
IX-11g Other fees for servicesPrograms $1,792,807 · Management $236,641$2,029,448
IX-12 Advertising and promotionPrograms $247,442$247,442
IX-13 Office expensesPrograms $20,662 · Management $2,586$23,248
IX-14 Information technologyPrograms $299,665 · Management $888$300,553
IX-16 OccupancyPrograms $56,527 · Management $22,879$79,406
IX-23 InsurancePrograms $31,758 · Management $73,973$105,731
IX-24 Other expenses (24a–d)Programs $10,587,237 · Management $420$10,587,657
IX-25 Total functional expensesPrograms $20,151,351 · Management $892,586 · Fundraising $0$21,043,937
Part X · Balance sheet $37,089,595 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $4,227,330$15,269,684
X-2 Savings and temporary cash investmentsStart of year $194,744$19,985,376
X-3 Pledges and grants receivableStart of year $75,069$539,690
X-9 Prepaid expenses and deferred chargesStart of year $3,150$3,150
X-11 Publicly traded securitiesStart of year $1,189,896$1,291,695
X-16 Total assetsStart of year $5,690,189$37,089,595
X-17 Accounts payable and accrued expensesStart of year $10,099$189,041
X-18 Grants payableStart of year $240,725$792,993
X-24 Unsecured notes and loans payableStart of year $90,000$38,000
X-25 Other liabilitiesStart of year $4,208$6,024
X-26 Total liabilitiesStart of year $345,032$1,026,058
X-27 Net assets without donor restrictionsStart of year $1,023,342$599,486
X-28 Net assets with donor restrictionsStart of year $4,321,815$35,464,051
X-32 Total net assets or fund balancesStart of year $5,345,157$36,063,537
X-33 Total liabilities and net assetsStart of year $5,690,189$37,089,595
Part XI · Reconciliation of net assets $36,063,537 net assets at year end
XI-1 Total revenue$51,576,473
XI-2 Total expenses$21,043,937
XI-3 Revenue less expenses$30,532,536
XI-4 Net assets at start of year$5,345,157
XI-5 Net unrealized gains (losses) on investments$185,844
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$36,063,537

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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