To support domestic and foreign charitable organizations focused on child and youth welfare.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 5 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $312K a year · 32% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$41K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 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
$299K
-61% vs prior year
Spent
$507K
To programs
80%
Net assets
$76K
By yearFY2020–FY2024
Revenue
$299K
FY2024▼ -61%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.7M
FY2022$948K
FY2023$774K
FY2024$299K
Expenses
$507K
FY2024▼ -38%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$1.2M
FY2022$1.5M
FY2023$822K
FY2024$507K
Net assets
$76K
FY2024▼ -77%
Tap a bar for its year
Net assets by fiscal year
FY2020$398K
FY2021$892K
FY2022$379K
FY2023$332K
FY2024$76K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2015.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $407K Management & general 18% · $90K Fundraising 2% · $11K

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
President & CEO
$0Pt VII · Sec A
Secretary, Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Assistant Treasurer & Assistant CFO
$0Pt VII · Sec A

Kathleen Morgan Riordan’s $128K as Chief Program Officer Thru 09/18/23 is at the 91st percentile of top reported officer pay among 1637 $100K–1M international 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 · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Jennifer Xu—$125,277$130,000$129,619
Kathleen Morgan Riordan$127,922$128,800$120,000$120,000

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 Epic Foundation INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds charities helping children and youth worldwide.

Questions for Epic Foundation INC

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Your first name shows with your question. Epic Foundation INC answers here, for everyone.

Provided by the organization

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3 programs · $406K · in their own filed words · FY2024
01

Grantmaking

Funding for charitable programs. The foundation provides charitable contributions to organizations that have received accreditation from the foundation. Any fundraising that occurs related to such charitable funding is conducted by the epic foundation on behalf of the charitable organizations.

$401Kprogram expense
02

Monitoring and Evaluation

The foundation provides ongoing monitoring and evaluation of portfolio organizations, which includes a 360 degree analysis of impact, operations, leadership, finance, and governance. Organizations report to epic foundation through qualitative reporting and quantitative impact data which is used to assess performance against…

$5Kprogram expense
03

Accreditation

Epic foundation analyzes and validates the social impact, financial sustainability, operational efficiency and management quality of social organizations focused on youth welfare and the defense of the planet.

$951program 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 · FY2024
Total grants receivedfrom 1 funder$50K
Grants paid · 20 grants · $1.8M · 2020–2024
The Jed FoundationNY · FY2024$61,001
Common JusticeNY · FY2024$45,000
Strongminds INCNJ · FY2024$30,000
Lwala Community Alliance INCTN · FY2024$20,000
Kidogo Early Years INCIN · FY2024$20,000
Strongminds INCNJ · FY2023$90,000
Common JusticeNY · FY2023$10,000
Common JusticeNY · FY2022$270,000
Commonlit INCDC · FY2022$113,600
The Jed FoundationNY · FY2022$102,500
Strongminds INCNJ · FY2022$10,000
Commonlit INCDC · FY2021$150,000
The Jed FoundationNY · FY2021$100,000
Pivotal ConnectionsCA · FY2021$100,000
The Jed FoundationNY · FY2020$112,500
Lawyers for Children INCNY · FY2020$100,000
See all 20 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$299K
Ln 12
Gifts and grantsLn 1h$299K
Money outPt IX
$507K
Ln 25
Programscol B$407K
Managementcol C$90K
Fundraisingcol D$11K
Owns and owesPt X
$76K
net assets · Ln 32
Cash and savingsLn 1–2$103K
Total assetsLn 16$117K
LiabilitiesLn 26$41K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$299K
Total revenueLn 12$299K
Assets in detailPt X, end of year
CashLn 1$103K
Cash and savings togetherLn 1–2$103K
Total assetsLn 16$117K
LiabilitiesLn 26$41K
Net assetsLn 32$76K
OperationsPt I, VI
EmployeesI 55
VolunteersI 65
Fiscal year endsHeaderDecember
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$204K$103K
Total assetsLn 16$442K$117K
LiabilitiesLn 26$111K$41K
Net assetsLn 32$332K$76K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$176K$176K
Grants and assistance to foreign recipientsLn 3$225K$225K
Pension plan contributionsLn 8$114$114
Other employee benefitsLn 9$1K$1K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$59K$59K
Other fees for servicesLn 11g$837$837
Office expensesLn 13$3K$3K
Information technologyLn 14$22K$3K$12K$7K
OccupancyLn 16$6K$6K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$4K$4K
Total functional expensesLn 25$507K$407K$90K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $299K$507K−$208K$76K 990 PDF
FY2023 $774K$822K−$47K$332K 990 PDF
FY2022 $948K$1.5M−$513K$379K 990 PDF
FY2021 $1.7M$1.2M$494K$892K 990 PDF
FY2020 $1.2M$2.5M−$1.3M$398K 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 F · Foreign O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $299,012 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $774,317$299,012
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $774,317$299,012
I-13 Grants and similar amounts paidPrior year $464,500$400,701
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $212,987$1,189
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $144,135$105,445
I-18 Total expensesPrior year $821,622$507,335
I-19 Revenue less expensesPrior year −$47,305−$208,323
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $299,012 across 3 lines filed
VIII-1f All other contributions, gifts and grants$299,012
VIII-1h Total contributions, gifts and grants$299,012
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$299,012
Part IX · Statement of functional expenses $507,335 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $176,001$176,001
IX-3 Grants and assistance to foreign recipientsPrograms $224,700$224,700
IX-8 Pension plan contributionsManagement $114$114
IX-9 Other employee benefitsManagement $1,075$1,075
IX-11b Legal feesManagement $5,153$5,153
IX-11c Accounting feesManagement $58,626$58,626
IX-11g Other fees for servicesManagement $837$837
IX-13 Office expensesManagement $2,914$2,914
IX-14 Information technologyPrograms $3,171 · Management $11,591 · Fundraising $6,780$21,542
IX-16 OccupancyManagement $5,614$5,614
IX-17 TravelPrograms $2,901$2,901
IX-19 Conferences, conventions and meetingsFundraising $3,792$3,792
IX-23 InsuranceManagement $4,066$4,066
IX-25 Total functional expensesPrograms $406,773 · Management $89,990 · Fundraising $10,572$507,335
Part X · Balance sheet $116,678 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $204,089$103,443
X-3 Pledges and grants receivableStart of year $219,883$0
X-9 Prepaid expenses and deferred chargesStart of year $18,307$13,235
X-16 Total assetsStart of year $442,279$116,678
X-17 Accounts payable and accrued expensesStart of year $110,555$40,837
X-26 Total liabilitiesStart of year $110,555$40,837
X-27 Net assets without donor restrictionsStart of year $28,136$30,114
X-28 Net assets with donor restrictionsStart of year $303,588$45,727
X-32 Total net assets or fund balancesStart of year $331,724$75,841
X-33 Total liabilities and net assetsStart of year $442,279$116,678
Part XI · Reconciliation of net assets $75,841 net assets at year end
XI-1 Total revenue$299,012
XI-2 Total expenses$507,335
XI-3 Revenue less expenses−$208,323
XI-4 Net assets at start of year$331,724
XI-9 Other changes in net assets−$47,560
XI-10 Net assets at end of year$75,841

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

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