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The Edison Foundation FY2021 filing

Tax-deductible

Piqua, OH501(c)(3)Unclassified EIN 31-1379781Revenue $293K in FY2021

On file with the IRSedisonohio.edu1973 Edison Dr, 45356-9239 · Piqua, OHTax-exempt since Jun 1993Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the Edison Foundation is to operate exclusively for the benefit of Edison state community college, piqua, ohio. The Foundation promotes and supports the programs, private scholarships, services and capital improvement projects of Edison community college by soliciting, receiving, holding, administering and applying funds.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
5 of 6
filings with a surplus
Average surplus $126K a year · 21% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Plus $3.1M in investments, Pt X · Ln 11–13
Looks good: 24.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$293K
-26% vs prior year
Spent
$186K
To programs
100%
Net assets
$3.5M
By yearFY2020–FY2025
Revenue
$293K
FY2021▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$397K
FY2021$293K
FY2022$421K
FY2023$499K
FY2024$1.1M
FY2025$829K
Expenses
$186K
FY2021▼ -85%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$186K
FY2022$329K
FY2023$295K
FY2024$435K
FY2025$348K
Net assets
$3.5M
FY2021▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$3.5M
FY2022$3.2M
FY2023$3.6M
FY2024$4.5M
FY2025$5.3M

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 Jun 1993.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $186K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Doreen Larson
College Pres
$0Pt VII · Sec A
Richard Hanes
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
Ann Baird
Trustee Emer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Harry Faulkner
Trustee Emer
$0Pt VII · Sec A
See The Edison 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 15aNo

Programs and updates

Supports Edison State Community College's programs, scholarships, and improvements through fundraising and fund management.

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Provided by the organization

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1 program · $186K · in their own filed words · FY2020
01

To provide assistance to economically disadvantaged students of edison state community college, to run graduate academy for community leadership, to manage the cooperating collection - a free funding information center that provides a core collection of foundation center publications and a variety of supplementary materials and services…

$186Kprogram 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
The Paul G Duke FoundationFY2025$75K
Total grants receivedfrom 1 funder$75K
Grants paid · 6 grants · $2.6M · 2019–2024
Edison State Community CollegeFY2024$302,643
Edison State Community CollegeFY2023$387,158
Edison State Community CollegeFY2022$273,231
Edison State Community CollegeFY2021$299,671
Edison State Community CollegeFY2020$164,787
Edison State Community CollegeFY2019$1,188,176

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$293K
Ln 12
Gifts and grantsLn 1h$201K
Investment incomeLn 3$101K
Money outPt IX
$186K
Ln 25
Programscol B$186K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$376K
Total assetsLn 16$3.5M
LiabilitiesLn 26$1K
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$201K
Fundraising eventsLn 1c$69K
Investment incomeLn 3$101K
Gains on assetsLn 7$26K
Total revenueLn 12$293K
Assets in detailPt X, end of year
SavingsLn 2$376K
Cash and savings togetherLn 1–2$376K
InvestmentsLn 11–13$3.1M
Total assetsLn 16$3.5M
LiabilitiesLn 26$1K
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$587K$376K
InvestmentsLn 11–13$2.5M$3.1M
Total assetsLn 16$3.1M$3.5M
LiabilitiesLn 26$237K$1K
Net assetsLn 32$2.8M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$165K$165K
Other expenses (24a–d)Ln 24$22K$22K
Total functional expensesLn 25$186K$186K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $829K$348K$482K$5.3M 990 PDF
FY2024 $1.1M$435K$681K$4.5M 990 PDF
FY2023 $499K$295K$204K$3.6M 990 PDF
FY2022 $421K$329K$92K$3.2M 990 PDF
FY2021 Viewing $293K$186K$107K$3.5M 990 PDF
FY2020 $397K$1.2M−$812K$2.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $293,050 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $408,234$200,613
I-9 Program service revenue$0
I-10 Investment incomePrior year $15,791$101,059
I-11 Other revenuePrior year −$27,293−$8,622
I-12 Total revenuePrior year $396,732$293,050
I-13 Grants and similar amounts paidPrior year $1,188,176$164,787
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $20,186$21,601
I-18 Total expensesPrior year $1,208,362$186,388
I-19 Revenue less expensesPrior year −$811,630$106,662
Part VI · Governance 25 of 25 board members independent, 2 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $293,050 across 7 lines filed
VIII-1c Fundraising events$69,000
VIII-1f All other contributions, gifts and grants$131,613
VIII-1h Total contributions, gifts and grants$200,613
VIII-3 Investment incomeExcluded from tax $75,529$75,529
VIII-7 Net gain or loss on sales of assetsRelated to mission $25,530$25,530
VIII-8 Net income from fundraising events−$8,622
VIII-12 Total revenueRelated to mission $25,530 · Excluded from tax $75,529$293,050
Part IX · Statement of functional expenses $186,388 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $164,787$164,787
IX-24 Other expenses (24a–d)Programs $21,601$21,601
IX-25 Total functional expensesPrograms $186,388 · Management $0 · Fundraising $0$186,388
Part X · Balance sheet $3,481,954 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $587,228$375,884
X-3 Pledges and grants receivableStart of year $7,677$7,611
X-4 Accounts receivableStart of year $3,715$3,921
X-11 Publicly traded securitiesStart of year $2,470,973$3,094,538
X-16 Total assetsStart of year $3,069,593$3,481,954
X-17 Accounts payable and accrued expensesStart of year $236,855$1,000
X-26 Total liabilitiesStart of year $236,855$1,000
X-27 Net assets without donor restrictionsStart of year $1,192,137$1,669,241
X-28 Net assets with donor restrictionsStart of year $1,640,601$1,811,713
X-32 Total net assets or fund balancesStart of year $2,832,738$3,480,954
X-33 Total liabilities and net assetsStart of year $3,069,593$3,481,954
Part XI · Reconciliation of net assets $3,480,954 net assets at year end
XI-1 Total revenue$293,050
XI-2 Total expenses$186,388
XI-3 Revenue less expenses$106,662
XI-4 Net assets at start of year$2,832,738
XI-5 Net unrealized gains (losses) on investments$541,554
XI-10 Net assets at end of year$3,480,954

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

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