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Edge for Educational Excellence

IRS exemption revoked

Palatka, FLUnknown exempt organizationEIN 59-2652255Revenue $1.1M in FY2022

On file with the IRSputnamedge.orgPo Box 1258 · Palatka, FL

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Our mission is to support education in the community and operate a public charter school.

89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $909 a year · under 1% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$439K
113% of total assets
Concern: liabilities are 113% of assets; over 80%.
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
$1.1M
+52% vs prior year
Spent
$863K
To programs
89%
Net assets
−$49K
By yearFY2020–FY2022
Revenue
$1.1M
FY2022▲ +52%
Tap a bar for its year
Revenue by fiscal year
FY2020$613K
FY2021$730K
FY2022$1.1M
Expenses
$863K
FY2022▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$832K
FY2021$757K
FY2022$863K
Net assets
−$49K
FY2022▲ +84%
Tap a bar for its year
Net assets by fiscal year
FY2020−$359K
FY2021−$298K
FY2022−$49K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $771K Management & general 11% · $92K

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 (FY2021); the FY2022 filing did not itemize Part VII
Shirley Eubanks
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Deborah Hess
Board Member
$0Pt VII · Sec A
See Edge for Educational Excellence 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 15aYes

Programs and updates

Operates a public charter school to support community education.

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Provided by the organization

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1 program · $771K · in their own filed words · FY2021
01

Putnam edge is a high-tech high school, using the latest technology to engage students. Every student works daily on a computer that is assigned only to them. They are learning how to master programs that they will need to be successful in today's business world.

$771Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$423K
Investment incomeLn 3$367K
Gifts and grantsLn 1h$203K
Money outPt IX
$863K
Ln 25
Programscol B$771K
Managementcol C$92K
Owns and owesPt X
−$49K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$390K
LiabilitiesLn 26$439K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$203K
Government grantsLn 1e$203K
Fees for servicesLn 2g$423K
Investment incomeLn 3$367K
Other incomeLn 4–11$118K
Gains on assetsLn 7$367K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$78K
Cash and savings togetherLn 1–2$78K
Land, buildings, equipmentLn 10c$94K
Other assetsLn 15$135K
Total assetsLn 16$390K
LiabilitiesLn 26$439K
Net assetsLn 32−$49K
OperationsPt I, VI
EmployeesI 522
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 FY22End FY22
Cash and savingsLn 1–2$60K$78K
Land, buildings, equipmentLn 10c$925K$94K
Total assetsLn 16$1.2M$390K
LiabilitiesLn 26$1.5M$439K
Net assetsLn 32−$298K−$49K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$425K$409K$16K
Pension plan contributionsLn 8$41K$41K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$34K$34K
Other fees for servicesLn 11g$114K$91K$23K
Advertising and promotionLn 12$4K$3K$756
Office expensesLn 13$14K$11K$3K
OccupancyLn 16$121K$97K$24K
TravelLn 17$5K$5K
InterestLn 20$8K$6K$2K
Depreciation, depletion and amortizationLn 22$34K$27K$7K
InsuranceLn 23$9K$7K$2K
Other expenses (24a–d)Ln 24$47K$38K$9K
All other expensesLn 24e$1K$1K$282
Total functional expensesLn 25$863K$771K$92K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $1.1M$863K$249K−$49K 990 PDF
FY2021 $730K$757K−$27K−$298K 990 PDF
FY2020 $613K$832K−$219K−$359K 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 FY2022 990 (6 parts)
Part I · Summary $1,111,664 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $229,455$203,354
I-9 Program service revenuePrior year $484,827$423,364
I-10 Investment income$366,903
I-11 Other revenuePrior year $15,973$118,043
I-12 Total revenuePrior year $730,255$1,111,664
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $522,045$505,233
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $235,270$357,591
I-18 Total expensesPrior year $757,315$862,824
I-19 Revenue less expensesPrior year −$27,060$248,840
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $1,111,664 across 6 lines filed
VIII-1e Government grants$203,354
VIII-1h Total contributions, gifts and grants$203,354
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $423,364$423,364
VIII-7 Net gain or loss on sales of assetsRelated to mission $366,903$366,903
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $118,043$118,043
VIII-12 Total revenueRelated to mission $908,310$1,111,664
Part IX · Statement of functional expenses $862,824 across 14 lines filed
IX-7 Other salaries and wagesPrograms $408,794 · Management $16,256$425,050
IX-8 Pension plan contributionsPrograms $40,853$40,853
IX-9 Other employee benefitsPrograms $5,464$5,464
IX-10 Payroll taxesPrograms $33,866$33,866
IX-11g Other fees for servicesPrograms $90,859 · Management $22,715$113,574
IX-12 Advertising and promotionPrograms $3,023 · Management $756$3,779
IX-13 Office expensesPrograms $11,351 · Management $2,838$14,189
IX-16 OccupancyPrograms $97,125 · Management $24,281$121,406
IX-17 TravelManagement $5,359$5,359
IX-20 InterestPrograms $6,144 · Management $1,536$7,680
IX-22 Depreciation, depletion and amortizationPrograms $27,037 · Management $6,759$33,796
IX-23 InsurancePrograms $7,154 · Management $1,789$8,943
IX-24 Other expenses (24a–d)Programs $38,371 · Management $9,083$47,454
IX-24e All other expensesPrograms $1,129 · Management $282$1,411
IX-25 Total functional expensesPrograms $771,170 · Management $91,654 · Fundraising $0$862,824
Part X · Balance sheet $390,374 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $59,551$78,038
X-3 Pledges and grants receivableStart of year $40,561$71,320
X-9 Prepaid expenses and deferred chargesStart of year $254$11,803
X-10c Land, buildings and equipment, netStart of year $925,384$94,107
X-15 Other assetsStart of year $222,828$135,106
X-16 Total assetsStart of year $1,248,578$390,374
X-17 Accounts payable and accrued expensesStart of year $67,368$28,692
X-25 Other liabilitiesStart of year $515,090$410,494
X-26 Total liabilitiesStart of year $1,546,230$439,186
X-32 Total net assets or fund balancesStart of year −$297,652−$48,812
X-33 Total liabilities and net assetsStart of year $1,248,578$390,374
Part XI · Reconciliation of net assets −$48,812 net assets at year end
XI-1 Total revenue$1,111,664
XI-2 Total expenses$862,824
XI-3 Revenue less expenses$248,840
XI-4 Net assets at start of year−$297,652
XI-10 Net assets at end of year−$48,812

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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