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The Edison Foundation FY2023 filing

Tax-deductible

Piqua, OH501(c)(3)Unclassified EIN 31-1379781Revenue $499K in FY2023

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

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
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
10 mo
of spending, in cash
Plus $3.4M in investments, Pt X · Ln 11–13
Looks good: 10.0 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
$29K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$499K
+18% vs prior year
Spent
$295K
To programs
100%
Net assets
$3.6M
By yearFY2020–FY2025
Revenue
$499K
FY2023▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$397K
FY2021$293K
FY2022$421K
FY2023$499K
FY2024$1.1M
FY2025$829K
Expenses
$295K
FY2023▼ -11%
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
$3.6M
FY2023▲ +12%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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% · $294K Fundraising 0% · $304

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

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Dr Richard Hanes
Executive Di
$0Pt VII · Sec A
Chris Spradlin
College Pres
$0Pt VII · Sec A
Dr Doreen Larson
Former Presi
$0Pt VII · Sec A
$0Pt VII · Sec A
D Ann Baird
Trustee Emer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael Van Haaren
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 · $294K · in their own filed words · FY2022
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…

$294Kprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$499K
Ln 12
Gifts and grantsLn 1h$448K
Investment incomeLn 3$87K
Money outPt IX
$295K
Ln 25
Programscol B$294K
Fundraisingcol D$304
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$245K
Total assetsLn 16$3.6M
LiabilitiesLn 26$29K
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$448K
Fundraising eventsLn 1c$94K
Investment incomeLn 3$87K
Gains on assetsLn 7$11K
Total revenueLn 12$499K
Assets in detailPt X, end of year
SavingsLn 2$245K
Cash and savings togetherLn 1–2$245K
InvestmentsLn 11–13$3.4M
Total assetsLn 16$3.6M
LiabilitiesLn 26$29K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
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$302K$245K
InvestmentsLn 11–13$2.9M$3.4M
Total assetsLn 16$3.2M$3.6M
LiabilitiesLn 26$22K$29K
Net assetsLn 32$3.2M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$273K$273K
Investment management feesLn 11f$21K$21K
Office expensesLn 13−$453−$453
Other expenses (24a–d)Ln 24$304$304
Total functional expensesLn 25$295K$294K$0$304

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 Viewing $499K$295K$204K$3.6M 990 PDF
FY2022 $421K$329K$92K$3.2M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $498,679 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $367,817$448,349
I-9 Program service revenue$0
I-10 Investment incomePrior year $85,315$86,565
I-11 Other revenuePrior year −$31,809−$36,235
I-12 Total revenuePrior year $421,323$498,679
I-13 Grants and similar amounts paidPrior year $299,671$273,231
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $29,484$21,290
I-18 Total expensesPrior year $329,155$294,521
I-19 Revenue less expensesPrior year $92,168$204,158
Part VI · Governance 23 of 23 board members independent, 1 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $498,679 across 7 lines filed
VIII-1c Fundraising events$94,161
VIII-1f All other contributions, gifts and grants$354,188
VIII-1h Total contributions, gifts and grants$448,349
VIII-3 Investment incomeRelated to mission $75,926$75,926
VIII-7 Net gain or loss on sales of assetsRelated to mission $10,639$10,639
VIII-8 Net income from fundraising events−$36,235
VIII-12 Total revenueRelated to mission $86,565$498,679
Part IX · Statement of functional expenses $294,521 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $273,231$273,231
IX-11f Investment management feesPrograms $21,439$21,439
IX-13 Office expensesPrograms −$453−$453
IX-24 Other expenses (24a–d)Fundraising $304$304
IX-25 Total functional expensesPrograms $294,217 · Management $0 · Fundraising $304$294,521
Part X · Balance sheet $3,625,481 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $302,168$245,471
X-3 Pledges and grants receivableStart of year $8,052$6,286
X-4 Accounts receivableStart of year $3,614$1,200
X-11 Publicly traded securitiesStart of year $2,907,783$3,372,524
X-16 Total assetsStart of year $3,221,617$3,625,481
X-17 Accounts payable and accrued expensesStart of year $22,403$29,407
X-26 Total liabilitiesStart of year $22,403$29,407
X-27 Net assets without donor restrictionsStart of year $1,451,835$1,666,610
X-28 Net assets with donor restrictionsStart of year $1,747,379$1,929,464
X-32 Total net assets or fund balancesStart of year $3,199,214$3,596,074
X-33 Total liabilities and net assetsStart of year $3,221,617$3,625,481
Part XI · Reconciliation of net assets $3,596,074 net assets at year end
XI-1 Total revenue$498,679
XI-2 Total expenses$294,521
XI-3 Revenue less expenses$204,158
XI-4 Net assets at start of year$3,199,214
XI-5 Net unrealized gains (losses) on investments$214,141
XI-7 Investment expenses−$21,439
XI-10 Net assets at end of year$3,596,074

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

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