Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
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
6 people listed on the 990.
Peter Bernard’s $106K as Executive Director is at the 35th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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.
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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 15aYes
Programs and updates
Educates industry on low-power machine learning for AI.
Questions for Edge Ai Foundation
Your first name shows with your question. Edge Ai Foundation answers here, for everyone.
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The organization conducts and hosts technical events (including scientific conferences, workshops, meetups, and webinars) to disseminate knowledge and promote community collaboration and education related to low power machine learning for artificial intelligence applications and technologies.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $86K | $108K |
| Total assetsLn 16 | $86K | $108K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $86K | $108K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $66K | $33K | $33K | |
| Legal feesLn 11b | $554 | $554 | ||
| Accounting feesLn 11c | $2K | $2K | ||
| Office expensesLn 13 | $325 | $161 | $164 | |
| Information technologyLn 14 | $28K | $12K | $16K | |
| TravelLn 17 | $4K | $4K | ||
| Conferences, conventions and meetingsLn 19 | $2K | $1K | $332 | |
| InsuranceLn 23 | $839 | $839 | ||
| Other expenses (24a–d)Ln 24 | $291K | $291K | ||
| All other expensesLn 24e | $13K | $11K | $2K | |
| Total functional expensesLn 25 | $406K | $353K | $54K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.0M | $1.2M | −$121K | $735K | 990 PDF |
| FY2023 | $992K | $750K | $241K | $856K | 990 PDF |
| FY2022 | $821K | $538K | $283K | $614K | 990 PDF |
| FY2021 | $550K | $327K | $223K | $331K | 990 PDF |
| FY2020 Viewing | $429K | $406K | $23K | $108K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $429,026 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 3 to look at
Part VIII · Statement of revenue $429,026 across 5 lines filed
Part IX · Statement of functional expenses $406,249 across 10 lines filed
Part X · Balance sheet $108,302 assets, 5 lines filed
Part XI · Reconciliation of net assets $108,302 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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