Edward Charles Foundation FY2024 filing

Tax-deductible

Beverly Hills, CA501(c)(3)Since 2009Human ServicesEIN 26-4245043Revenue $66.5M in FY2024

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.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 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
$7.0M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$66.5M
+67% vs prior year
Spent
$52.3M
To programs
94%
Net assets
$44.7M
By yearFY2021–FY2025
Revenue
$66.5M
FY2024▲ +67%
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
$52.3M
FY2024▲ +101%
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
$44.7M
FY2024▲ +31%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

94 cents of each dollar spent went to programs.

Program services 94% · $49.3M Management & general 6% · $3.0M

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
CEO, CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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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 · $14.6M · in their own filed words · FY2023
01

Solve gne funds academic and medical research related to the disease known as as "gne myopathy" to help develop treatments and a cure.

$6.3Mprogram expense
02

Workingnations educates the public and assists in alleviating the burdens of those who are poor & unemployed.

$4.3Mprogram expense
03

Cosmos is aimed at helping humanity through research, fellowships, grants and education.

$3.9Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$66.5M
Ln 12
Gifts and grantsLn 1h$66.2M
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$459K
Money outPt IX
$52.3M
Ln 25
Programscol B$49.3M
Managementcol C$3.0M
Owns and owesPt X
$44.7M
net assets · Ln 32
Cash and savingsLn 1–2$40.8M
Total assetsLn 16$51.7M
LiabilitiesLn 26$7.0M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$66.2M
Government grantsLn 1e$636K
Noncash giftsLn 1g$2.6M
Fundraising eventsLn 1c$4.3M
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$459K
Gains on assetsLn 7$19K
Total revenueLn 12$66.5M
Assets in detailPt X, end of year
CashLn 1$486K
SavingsLn 2$40.3M
Cash and savings togetherLn 1–2$40.8M
InvestmentsLn 11–13$6.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$140K
Total assetsLn 16$51.7M
LiabilitiesLn 26$7.0M
Net assetsLn 32$44.7M
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 FY24End FY24
Cash and savingsLn 1–2$27.0M$40.8M
InvestmentsLn 11–13$5.3M$6.8M
Land, buildings, equipmentLn 10c$2K$0
Total assetsLn 16$35.9M$51.7M
LiabilitiesLn 26$1.7M$7.0M
Net assetsLn 32$34.1M$44.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22.0M$22.0M
Grants to domestic individualsLn 2$480K$480K
Grants and assistance to foreign recipientsLn 3$8.1M$8.1M
Other salaries and wagesLn 7$4.0M$3.6M$415K
Payroll taxesLn 10$542K$499K$43K
Legal feesLn 11b$225K$200K$26K
Accounting feesLn 11c$1.9M$1.8M$172K
Other fees for servicesLn 11g$7.4M$5.2M$2.1M
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$21K$5K$16K
Information technologyLn 14$1.3M$1.3M$24K
OccupancyLn 16$219K$153K$66K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$124K$36K$89K
Other expenses (24a–d)Ln 24$5.9M$5.9M$24K
All other expensesLn 24e$11K$5$11K
Total functional expensesLn 25$52.3M$49.3M$3.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $67.6M$59.3M$8.3M$54.6M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $66,506,474 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,835,746$66,223,177
I-9 Program service revenuePrior year $1,333,987$2,822,548
I-10 Investment incomePrior year $20,135$459,069
I-11 Other revenuePrior year −$1,328,183−$2,998,320
I-12 Total revenuePrior year $39,861,685$66,506,474
I-13 Grants and similar amounts paidPrior year $11,613,449$30,606,469
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,516,185$4,515,571
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,882,700$17,181,107
I-18 Total expensesPrior year $26,012,334$52,303,147
I-19 Revenue less expensesPrior year $13,849,351$14,203,327
Part VI · Governance 2 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
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 $66,506,474 across 11 lines filed
VIII-1c Fundraising events$4,312,057
VIII-1e Government grants$635,521
VIII-1f All other contributions, gifts and grants$61,275,599
VIII-1g Noncash contributions (included above)$2,585,091
VIII-1h Total contributions, gifts and grants$66,223,177
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,822,548$2,822,548
VIII-3 Investment incomeExcluded from tax $439,948$439,948
VIII-6 Net rental income or lossExcluded from tax $19,200$19,200
VIII-7 Net gain or loss on sales of assetsExcluded from tax $19,121$19,121
VIII-8 Net income from fundraising eventsExcluded from tax −$3,017,520−$3,017,520
VIII-12 Total revenueRelated to mission $2,822,548 · Unrelated business $0 · Excluded from tax −$2,539,251$66,506,474
Part IX · Statement of functional expenses $52,303,147 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $21,999,748$21,999,748
IX-2 Grants to domestic individualsPrograms $480,094$480,094
IX-3 Grants and assistance to foreign recipientsPrograms $8,126,627$8,126,627
IX-7 Other salaries and wagesPrograms $3,558,564 · Management $414,722$3,973,286
IX-10 Payroll taxesPrograms $499,179 · Management $43,106$542,285
IX-11b Legal feesPrograms $199,647 · Management $25,571$225,218
IX-11c Accounting feesPrograms $1,777,368 · Management $171,937$1,949,305
IX-11g Other fees for servicesPrograms $5,222,082 · Management $2,144,473$7,366,555
IX-12 Advertising and promotionManagement $10,950$10,950
IX-13 Office expensesPrograms $5,455 · Management $15,619$21,074
IX-14 Information technologyPrograms $1,321,093 · Management $24,407$1,345,500
IX-16 OccupancyPrograms $153,029 · Management $65,912$218,941
IX-20 InterestPrograms $1,435$1,435
IX-22 Depreciation, depletion and amortizationPrograms $1,676$1,676
IX-23 InsurancePrograms $35,661 · Management $88,805$124,466
IX-24 Other expenses (24a–d)Programs $5,880,997 · Management $23,709$5,904,706
IX-24e All other expensesPrograms $5 · Management $11,276$11,281
IX-25 Total functional expensesPrograms $49,262,660 · Management $3,040,487 · Fundraising $0$52,303,147
Part X · Balance sheet $51,692,237 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $319,288$485,722
X-2 Savings and temporary cash investmentsStart of year $26,694,536$40,341,394
X-3 Pledges and grants receivableStart of year $1,527,260$2,526,661
X-4 Accounts receivableStart of year $375,182$75,172
X-9 Prepaid expenses and deferred chargesStart of year $781,645$548,472
X-10c Land, buildings and equipment, netStart of year $1,676$0
X-11 Publicly traded securitiesStart of year $4,835,984$6,299,597
X-12 Other securitiesStart of year $499,000$528,000
X-14 Intangible assetsStart of year $659,945$746,915
X-15 Other assetsStart of year $163,278$140,304
X-16 Total assetsStart of year $35,857,794$51,692,237
X-17 Accounts payable and accrued expensesStart of year $616,514$5,567,922
X-18 Grants payableStart of year $848,466$877,062
X-24 Unsecured notes and loans payableStart of year $71,521$290,607
X-25 Other liabilitiesStart of year $202,275$230,917
X-26 Total liabilitiesStart of year $1,738,776$6,966,508
X-27 Net assets without donor restrictionsStart of year $944,474$1,258,192
X-28 Net assets with donor restrictionsStart of year $33,174,544$43,467,537
X-32 Total net assets or fund balancesStart of year $34,119,018$44,725,729
X-33 Total liabilities and net assetsStart of year $35,857,794$51,692,237
Part XI · Reconciliation of net assets $44,725,729 net assets at year end
XI-1 Total revenue$66,506,474
XI-2 Total expenses$52,303,147
XI-3 Revenue less expenses$14,203,327
XI-4 Net assets at start of year$34,119,018
XI-5 Net unrealized gains (losses) on investments−$3,683,585
XI-9 Other changes in net assets$86,969
XI-10 Net assets at end of year$44,725,729

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

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