Edgewater Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 36-3738216)

Revenue by fiscal year
FY2020	$42K
FY2021	$56K
FY2022	$43K
FY2023	$25K
FY2024	$49K

Expenses by fiscal year
FY2020	$46K
FY2021	$58K
FY2022	$45K
FY2023	$25K
FY2024	$45K

Net assets by fiscal year
FY2020	$500K
FY2021	$499K
FY2022	$496K
FY2023	$495K
FY2024	$499K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1995.

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

Where the money goes

61 cents of each dollar spent went to programs.

61%

39%

Program services 61% · $28K Management & general 39% · $18K

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

Kelly Stoltz

Board Chair

$0Pt VII · Sec A

Dave Frederickson

Vice Chair

$0Pt VII · Sec A

Cecilia Rodriquez

Treasurer

$0Pt VII · Sec A

See Edgewater Development Corporation executive salaries →

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

Empowering entrepreneurs and small businesses with training, workshops, and networking for success.

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1 program · $28K · in their own filed words · FY2024

01

Support and attract entrepreneurs and small businesses through a series of programs including orientations, workshops, training programs and networking that provide pathways to success through empowerment, insight and solutions.

$28Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2023

Amazonsmile FoundationFY2023$16

Total grants receivedfrom 1 funder$16

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$49K

Ln 12

Gifts and grantsLn 1h$45K

Investment incomeLn 3$4K

Money outPt IX

$45K

Ln 25

Programscol B$28K

Managementcol C$18K

Owns and owesPt X

$499K

net assets · Ln 32

Cash and savingsLn 1–2$459K

Total assetsLn 16$504K

LiabilitiesLn 26$5K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$45K

Government grantsLn 1e$45K

Investment incomeLn 3$4K

Total revenueLn 12$49K

Assets in detailPt X, end of year

CashLn 1$459K

Cash and savings togetherLn 1–2$459K

Pledges and grants receivableLn 3$45K

Total assetsLn 16$504K

LiabilitiesLn 26$5K

Net assetsLn 32$499K

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$471K	$459K
Total assetsLn 16	$495K	$504K
LiabilitiesLn 26	$0	$5K
Net assetsLn 32	$495K	$499K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$35K	$28K	$7K
Accounting feesLn 11c	$2K		$2K
OccupancyLn 16	$9K		$9K
Total functional expensesLn 25	$45K	$28K	$18K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 13, 2025	$49K	$45K	$4K	$499K	990 PDF
FY2023Filed with the IRS Nov 12, 2024	$25K	$25K	−$635	$495K	990 PDF
FY2022Filed with the IRS Nov 14, 2023	$43K	$45K	−$2K	$496K	990 PDF
FY2021Filed with the IRS Nov 13, 2022	$56K	$58K	−$2K	$499K	990 PDF
FY2020Filed with the IRS Oct 14, 2022	$42K	$46K	−$4K	$500K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $49,322 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $24,761$45,000

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $48$4,322

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $24,809$49,322

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $20,460$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $4,984$45,324

I-18 Total expensesPrior year $25,444$45,324

I-19 Revenue less expensesPrior year −$635$3,998

Part VI · Governance 8 of 8 board members independent, 4 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

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

Part VIII · Statement of revenue $49,322 across 4 lines filed

VIII-1e Government grants$45,000

VIII-1h Total contributions, gifts and grants$45,000

VIII-3 Investment incomeRelated to mission $4,322$4,322

VIII-12 Total revenueRelated to mission $4,322 · Unrelated business $0 · Excluded from tax $0$49,322

Part IX · Statement of functional expenses $45,324 across 3 lines filed

IX-11a Management feesPrograms $27,822 · Management $6,955$34,777

IX-11c Accounting feesManagement $1,695$1,695

IX-16 OccupancyManagement $8,852$8,852

IX-25 Total functional expensesPrograms $27,822 · Management $17,502 · Fundraising $0$45,324

Part X · Balance sheet $504,270 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $471,475$459,270

X-3 Pledges and grants receivableStart of year $12,838$45,000

X-16 Total assetsStart of year $495,448$504,270

X-17 Accounts payable and accrued expenses$4,825

X-26 Total liabilitiesStart of year $0$4,825

X-27 Net assets without donor restrictionsStart of year $495,448$499,445

X-32 Total net assets or fund balancesStart of year $495,448$499,445

X-33 Total liabilities and net assetsStart of year $495,448$504,270

Part XI · Reconciliation of net assets $499,445 net assets at year end

XI-1 Total revenue$49,322

XI-2 Total expenses$45,324

XI-3 Revenue less expenses$3,998

XI-4 Net assets at start of year$495,448

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$499,445

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

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Edgewater Development Corporation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Edgewater Development Corporation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV