Ed23 Foundation INC

Public charity (501(c)(3)) Syracuse, NY Since 2023 EIN 93-3067885 NTEE N12
Revenue
$131K
▼ -45%
FY2025 · Pt VIII · Ln 12
Expenses
$118K
▼ -51%
FY2025 · Pt IX · Ln 25
Net assets
$50K
FY2025 · Pt X · Ln 32
To programs
34%
FY2025 · Pt IX · col B
Revenue & expenses by yearFY2023–FY2025
Revenue
$131K
FY2025▼ -45%
Expenses
$118K
FY2025▼ -51%

Funds and operates basketball camps, teaching youth skills and supporting teams in Syracuse.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Yes — filed FY2025
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Foundation funders?
1 funder — Central New York Community Foundation INC
$330K in the latest grant year.
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Spent on programs?
34% to programs
Form 990 Part IX, latest filing.
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Size and trend
$100K–1M
↓ -45% vs prior year
Details →

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).


Funds and operates basketball camps, teaching youth skills and supporting teams in Syracuse.

Founded
2023
Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Syracuse, NY
Website
ed23foundation.org
Filings
3 on file (2023–2025)
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Provided by the organization

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Where the money goes · FY2025
Where spending went · Part IX cols B–D
Program services $0.34 Management & general $0.44 Fundraising $0.22
Program efficiency
34%
of spending reaches programs▼ -59% vs prior filing year
Operating runway
5.0mo
months of highly liquid reserves at operating expense rate▲ +178% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▲ ×54 vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$50K
FY2025▲ +35%
Total liabilities
$0
FY2025
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$50K
Program-expense ratioPt IX · col B34%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CEd23 Foundation INC
EINHdr · item D93-3067885
Principal addressHdr · item CSyracuse, NY
WebsiteHdr · item Jed23foundation.org
Year of formationHdr · item L2023
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N12)
Ruling yearIRS BMFOct 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $40K of program spending, described in the organization's own filed words · FY2025.
01

The organization conducted the help a girl fly event, a conference program designed to support and empower women through education, leadership development, networking, and community engagement.

$25Kprogram expense
02

The organization provided funding and support for a holiday assistance program benefiting elementary school students and families in need. Through donations received from prior fundraising and charitable contributions, the organization purchased and distributed christmas gifts to students to help ensure children in the community were…

$10Kprogram expense
03

Organization helped fund and contribute to the gym rental fees, supplies, coaches, tournament registrations, and travel for basketball camps and tournament teams for the entire 2025 year. Organization operates a food drive the week of thanksgiving and handed out over 500 turkeys and other thanksgiving food to the syracuse community.

$6Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$75K · 57%
Contributions & grants$56K · 43%
Program service revenue57%$75K
Contributions & grants43%$56K
Total revenueLn 12$131K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.34 Management & general $0.44 Fundraising $0.22
Program services34%$40K
Management & general44%$52K
Fundraising22%$26K
Total functional expensesLn 25$118K

Balance Sheet

Part X · end of year
CashLn 1$50K
Total assetsLn 16$50K
Total liabilitiesLn 26$0
Total net assetsLn 32$50K
Months of cash on handcomputed5.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $50K · Operating expenses/yr $118K
5.0 months
Where the money goes
Program services
Program services $40K · Total expenses $118K
34%
Management & General
Management & general $52K · Total expenses $118K
44%
Fundraising
Fundraising $26K · Total expenses $118K
22%
Cost to raise $1
Fundraising expense (2-yr avg) $26K · Solicited contributions (2-yr avg) $71K
$0.37 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $56K · Total revenue $131K
43%
Government reliance
Government grants — · Total revenue $131K
—
Earned-income share
Program service revenue $75K · Total revenue $131K
57%
Investment reliance
Investment income $0 · Total revenue $131K
0%
Program self-sufficiency
Program service revenue $75K · Total expenses $118K
63%
Growth & trend
Revenue growth (YoY)
This year $131K · Prior year $239K
-45%
Net-asset trend (YoY)
End of year $50K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $131K · Expenses $118K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $50K
—
Net-asset ratio
Net assets $50K · Total assets $50K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $50K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Eric M Devendorf · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $118K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $118K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 34%——
Overhead ratio 44%——
Fundraising cost ratio 46%——
Revenue growth -45%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$330K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$131K revenue · viewing · ⤓ 990 PDF
FY2024$239K revenue · ⤓ 990 PDF
FY2023$48K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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