Edward Charles Foundation FY2023 filing

Tax-deductible

Beverly Hills, CA501(c)(3)Since 2009Human ServicesEIN 26-4245043Revenue $39.9M in FY2023

On file with the IRSedwardcharlesfoundation.org269 S Beverly Dr Ste 338, 90212-3851 · Beverly Hills, CATax-exempt since Oct 2009Publicly supported charity — 170(b)(1)(A)(vi)

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Fiscal sponsorship of charitable initiatives.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.5 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
$1.7M
5% of total assets
Looks good: liabilities are 5% 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
$39.9M
-4% vs prior year
Spent
$26.0M
To programs
93%
Net assets
$34.1M
By yearFY2021–FY2025
Revenue
$39.9M
FY2023▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2021$51.6M
FY2022$41.3M
FY2023$39.9M
FY2024$66.5M
FY2025$67.6M
Expenses
$26.0M
FY2023▼ -53%
Tap a bar for its year
Expenses by fiscal year
FY2021$21.0M
FY2022$54.9M
FY2023$26.0M
FY2024$52.3M
FY2025$59.3M
Net assets
$34.1M
FY2023▲ +62%
Tap a bar for its year
Net assets by fiscal year
FY2021$36.1M
FY2022$21.1M
FY2023$34.1M
FY2024$44.7M
FY2025$54.6M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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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

93 cents of each dollar spent went to programs.

Program services 93% · $24.1M Management & general 7% · $1.9M

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt 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.

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Provided by the organization

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3 programs · $6.2M · in their own filed words · FY2022
01

Outschool.org

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

$2.6Mprogram expense
02

Starlink initiative's endeavor is to connect the un-connected and under-connected people around the globe bringing the benefits of satellite broadband connectivity to those in need.

$2.1Mprogram expense
03

The 30 birds foundation is dedicated to safeguarding the future of a group of 450 afghans, predominantly schoolgirls, who we have evacuated from taliban-controlled afghanistan.

$1.4Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$39.9M
Ln 12
Gifts and grantsLn 1h$39.8M
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$20K
Money outPt IX
$26.0M
Ln 25
Programscol B$24.1M
Managementcol C$1.9M
Owns and owesPt X
$34.1M
net assets · Ln 32
Cash and savingsLn 1–2$27.0M
Total assetsLn 16$35.9M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$39.8M
Noncash giftsLn 1g$6.7M
Fundraising eventsLn 1c$1.3M
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$20K
Gains on assetsLn 7−$26K
Total revenueLn 12$39.9M
Assets in detailPt X, end of year
CashLn 1$319K
SavingsLn 2$26.7M
Cash and savings togetherLn 1–2$27.0M
InvestmentsLn 11–13$5.3M
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$163K
Total assetsLn 16$35.9M
LiabilitiesLn 26$1.7M
Net assetsLn 32$34.1M
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 FY23End FY23
Cash and savingsLn 1–2$19.4M$27.0M
InvestmentsLn 11–13$2.0M$5.3M
Land, buildings, equipmentLn 10c$6K$2K
Total assetsLn 16$22.2M$35.9M
LiabilitiesLn 26$1.0M$1.7M
Net assetsLn 32$21.1M$34.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$9.6M$9.6M
Grants to domestic individualsLn 2$212K$212K
Grants and assistance to foreign recipientsLn 3$1.8M$1.8M
Other salaries and wagesLn 7$3.2M$2.9M$319K
Payroll taxesLn 10$328K$297K$31K
Legal feesLn 11b$253K$252K$2K
Accounting feesLn 11c$1.3M$1.1M$169K
Other fees for servicesLn 11g$3.8M$2.7M$1.2M
Advertising and promotionLn 12$29K$29K
Office expensesLn 13$22K$10K$12K
Information technologyLn 14$940K$914K$27K
OccupancyLn 16$223K$202K$21K
InterestLn 20$311$311
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$165K$81K$84K
Other expenses (24a–d)Ln 24$4.1M$4.1M$24K
All other expensesLn 24e$14K$10K$4K
Total functional expensesLn 25$26.0M$24.1M$1.9M$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 Viewing $39.9M$26.0M$13.8M$34.1M 990 PDF
FY2022 $41.3M$54.9M−$13.5M$21.1M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $39,861,685 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,165,433$39,835,746
I-9 Program service revenuePrior year $1,030,251$1,333,987
I-10 Investment incomePrior year $138,198$20,135
I-11 Other revenuePrior year $0−$1,328,183
I-12 Total revenuePrior year $41,333,882$39,861,685
I-13 Grants and similar amounts paidPrior year $37,537,495$11,613,449
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,267,568$3,516,185
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,078,258$10,882,700
I-18 Total expensesPrior year $54,883,321$26,012,334
I-19 Revenue less expensesPrior year −$13,549,439$13,849,351
Part VI · Governance 3 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $39,861,685 across 10 lines filed
VIII-1c Fundraising events$1,307,123
VIII-1f All other contributions, gifts and grants$38,528,623
VIII-1g Noncash contributions (included above)$6,731,001
VIII-1h Total contributions, gifts and grants$39,835,746
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,333,987$1,333,987
VIII-3 Investment incomeExcluded from tax $46,575$46,575
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$26,440−$26,440
VIII-8 Net income from fundraising eventsExcluded from tax −$1,333,389−$1,333,389
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,206$5,206
VIII-12 Total revenueRelated to mission $1,339,193 · Unrelated business $0 · Excluded from tax −$1,313,254$39,861,685
Part IX · Statement of functional expenses $26,012,334 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $9,574,246$9,574,246
IX-2 Grants to domestic individualsPrograms $211,502$211,502
IX-3 Grants and assistance to foreign recipientsPrograms $1,827,701$1,827,701
IX-7 Other salaries and wagesPrograms $2,870,043 · Management $318,582$3,188,625
IX-10 Payroll taxesPrograms $296,838 · Management $30,722$327,560
IX-11b Legal feesPrograms $251,847 · Management $1,568$253,415
IX-11c Accounting feesPrograms $1,120,114 · Management $169,135$1,289,249
IX-11g Other fees for servicesPrograms $2,656,201 · Management $1,177,427$3,833,628
IX-12 Advertising and promotionManagement $29,175$29,175
IX-13 Office expensesPrograms $10,034 · Management $12,014$22,048
IX-14 Information technologyPrograms $913,639 · Management $26,596$940,235
IX-16 OccupancyPrograms $201,808 · Management $21,027$222,835
IX-20 InterestManagement $311$311
IX-22 Depreciation, depletion and amortizationPrograms $4,022$4,022
IX-23 InsurancePrograms $80,655 · Management $84,251$164,906
IX-24 Other expenses (24a–d)Programs $4,085,674 · Management $23,651$4,109,325
IX-24e All other expensesPrograms $10,013 · Management $3,538$13,551
IX-25 Total functional expensesPrograms $24,114,337 · Management $1,897,997 · Fundraising $0$26,012,334
Part X · Balance sheet $35,857,794 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $19,143,200$319,288
X-2 Savings and temporary cash investmentsStart of year $222,214$26,694,536
X-3 Pledges and grants receivableStart of year $770,526$1,527,260
X-4 Accounts receivable$375,182
X-9 Prepaid expenses and deferred chargesStart of year $2,950$781,645
X-10c Land, buildings and equipment, netStart of year $5,698$1,676
X-11 Publicly traded securitiesStart of year $1,096,312$4,835,984
X-12 Other securitiesStart of year $920,000$499,000
X-14 Intangible assets$659,945
X-15 Other assetsStart of year $0$163,278
X-16 Total assetsStart of year $22,160,900$35,857,794
X-17 Accounts payable and accrued expensesStart of year $813,511$616,514
X-18 Grants payableStart of year $178,974$848,466
X-24 Unsecured notes and loans payableStart of year $38,000$71,521
X-25 Other liabilitiesStart of year $9,844$202,275
X-26 Total liabilitiesStart of year $1,040,329$1,738,776
X-27 Net assets without donor restrictionsStart of year $251,928$944,474
X-28 Net assets with donor restrictionsStart of year $20,868,643$33,174,544
X-32 Total net assets or fund balancesStart of year $21,120,571$34,119,018
X-33 Total liabilities and net assetsStart of year $22,160,900$35,857,794
Part XI · Reconciliation of net assets $34,119,018 net assets at year end
XI-1 Total revenue$39,861,685
XI-2 Total expenses$26,012,334
XI-3 Revenue less expenses$13,849,351
XI-4 Net assets at start of year$21,120,571
XI-5 Net unrealized gains (losses) on investments−$1,510,850
XI-9 Other changes in net assets$659,946
XI-10 Net assets at end of year$34,119,018

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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