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Edge for Educational Excellence FY2020 filing

IRS exemption revoked

Palatka, FLUnknown exempt organizationEIN 59-2652255Revenue $613K in FY2020

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.

81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
133% of total assets
Concern: liabilities are 133% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$613K
Spent
$832K
To programs
81%
Net assets
−$359K
By yearFY2020–FY2022
Revenue
$613K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$613K
FY2021$730K
FY2022$1.1M
Expenses
$832K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$832K
FY2021$757K
FY2022$863K
Net assets
−$359K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$359K
FY2021−$298K
FY2022−$49K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2025
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

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

81 cents of each dollar spent went to programs.

Program services 81% · $670K Management & general 19% · $162K

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 · most recent filed roster (FY2019); the FY2020 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
Julie Pinner
Vice Preside
$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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Operates a public charter school to support community education.

Questions for Edge for Educational Excellence

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Provided by the organization

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1 program · $670K · in their own filed words · FY2019
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.

$670Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$613K
Ln 12
Fees for servicesLn 2g$469K
Gifts and grantsLn 1h$82K
Other incomeLn 4–11$62K
Money outPt IX
$832K
Ln 25
Programscol B$670K
Managementcol C$162K
Owns and owesPt X
−$359K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$1.1M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Government grantsLn 1e$82K
Fees for servicesLn 2g$469K
Other incomeLn 4–11$62K
Total revenueLn 12$613K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
Land, buildings, equipmentLn 10c$877K
Other assetsLn 15$180K
Total assetsLn 16$1.1M
LiabilitiesLn 26$1.4M
Net assetsLn 32−$359K
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 FY20End FY20
Cash and savingsLn 1–2$24K$14K
Land, buildings, equipmentLn 10c$867K$877K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$1.3M$1.4M
Net assetsLn 32−$140K−$359K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$414K$367K$46K
Pension plan contributionsLn 8$108K$93K$15K
Other employee benefitsLn 9$2K$2K$832
Payroll taxesLn 10$34K$19K$15K
Management feesLn 11a$23K$23K
Legal feesLn 11b$17K$14K$3K
Advertising and promotionLn 12$976$781$195
Office expensesLn 13$16K$9K$7K
OccupancyLn 16$37K$30K$7K
TravelLn 17$1K$1K
InterestLn 20$30K$24K$6K
Depreciation, depletion and amortizationLn 22$36K$30K$5K
InsuranceLn 23$11K$6K$5K
Other expenses (24a–d)Ln 24$95K$76K$19K
All other expensesLn 24e$9K$1K$7K
Total functional expensesLn 25$832K$670K$162K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $1.1M$863K$249K−$49K 990 PDF
FY2021 $730K$757K−$27K−$298K 990 PDF
FY2020 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $613,390 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,686$82,191
I-9 Program service revenuePrior year $738,270$469,160
I-10 Investment income$0
I-11 Other revenuePrior year $8,990$62,039
I-12 Total revenuePrior year $773,946$613,390
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $469,933$557,703
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $383,812$274,740
I-18 Total expensesPrior year $853,745$832,443
I-19 Revenue less expensesPrior year −$79,799−$219,053
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $613,390 across 5 lines filed
VIII-1e Government grants$82,191
VIII-1h Total contributions, gifts and grants$82,191
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $469,160$469,160
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $62,039$62,039
VIII-12 Total revenueRelated to mission $531,199$613,390
Part IX · Statement of functional expenses $832,443 across 15 lines filed
IX-7 Other salaries and wagesPrograms $367,360 · Management $46,278$413,638
IX-8 Pension plan contributionsPrograms $92,699 · Management $15,295$107,994
IX-9 Other employee benefitsPrograms $1,555 · Management $832$2,387
IX-10 Payroll taxesPrograms $18,606 · Management $15,078$33,684
IX-11a Management feesManagement $22,554$22,554
IX-11b Legal feesPrograms $13,838 · Management $3,459$17,297
IX-12 Advertising and promotionPrograms $781 · Management $195$976
IX-13 Office expensesPrograms $8,716 · Management $6,867$15,583
IX-16 OccupancyPrograms $29,572 · Management $7,393$36,965
IX-17 TravelManagement $1,011$1,011
IX-20 InterestPrograms $24,377 · Management $6,094$30,471
IX-22 Depreciation, depletion and amortizationPrograms $30,077 · Management $5,441$35,518
IX-23 InsurancePrograms $5,726 · Management $5,291$11,017
IX-24 Other expenses (24a–d)Programs $75,517 · Management $19,072$94,589
IX-24e All other expensesPrograms $1,439 · Management $7,320$8,759
IX-25 Total functional expensesPrograms $670,263 · Management $162,180 · Fundraising $0$832,443
Part X · Balance sheet $1,085,684 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $24,406$13,752
X-3 Pledges and grants receivableStart of year $7,508$10,196
X-9 Prepaid expenses and deferred chargesStart of year $6,283$4,779
X-10c Land, buildings and equipment, netStart of year $866,569$876,558
X-15 Other assetsStart of year $237,015$180,399
X-16 Total assetsStart of year $1,141,781$1,085,684
X-17 Accounts payable and accrued expensesStart of year $202,003$129,161
X-25 Other liabilitiesStart of year $393,293$400,238
X-26 Total liabilitiesStart of year $1,281,796$1,444,752
X-32 Total net assets or fund balancesStart of year −$140,015−$359,068
X-33 Total liabilities and net assetsStart of year $1,141,781$1,085,684
Part XI · Reconciliation of net assets −$359,068 net assets at year end
XI-1 Total revenue$613,390
XI-2 Total expenses$832,443
XI-3 Revenue less expenses−$219,053
XI-4 Net assets at start of year−$140,015
XI-10 Net assets at end of year−$359,068

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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