Totals
- Total revenue
- $605,923
- Total expenses
- $841,791
- Contributions and grants received
- $74,205
- Grants paid
- $0
- Program service revenue
- $425,377
- Investment income
- $61,536
- Other revenue
- $44,805
- Total assets, end of year
- $3,397,210
- Total liabilities, end of year
- $393,731
- Net assets or fund balances, end of year
- $3,003,479
- Program services expenses (Part IX)
- $444,767
- Management and general expenses
- $381,962
- Fundraising expenses
- $15,062
- Program service expenses (Part III)
- $444,767
Program services were 52.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$74,205
-
2a · Program service revenue: MEMBERSHIP DUES
total $238,950 · related or exempt $238,950
-
2b · Program service revenue: PROGRAMMING
total $186,427 · related or exempt $186,427
-
3 · Investment income
total $60,379 · excluded $60,379
-
7a · Gross sales of assets other than inventory
securities $1,157
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $1,157
-
7d · Net gain or loss
total $1,157 · excluded $1,157
-
8a · Fundraising events: gross income
$70,639
-
8b · Fundraising events: direct expenses
$25,834
-
8c · Net income from fundraising events
total $44,805 · excluded $44,805
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $187,820 · program services $104,275 · management and general $79,482 · fundraising $4,063
-
7 · Other salaries and wages
total $414,649 · program services $199,440 · management and general $204,736 · fundraising $10,473
-
8 · Pension plan contributions
total -$9,988 · program services -$5,545 · management and general -$4,227 · fundraising -$216
-
10 · Payroll taxes
total $40,732 · program services $22,111 · management and general $17,879 · fundraising $742
-
11b · Fees: legal
total $1,075 · management and general $1,075
-
11c · Fees: accounting
total $17,388 · management and general $17,388
-
11g · Fees: other
total $101,558 · program services $98,118 · management and general $3,440
-
12 · Advertising and promotion
total $18,894 · management and general $18,894
-
13 · Office expenses
total $8,100 · program services $1,423 · management and general $6,677
-
14 · Information technology
total $13,972 · management and general $13,972
-
17 · Travel
total $15,047 · program services $4,793 · management and general $10,254
-
22 · Depreciation, depletion and amortization
total $3,554 · management and general $3,554
-
23 · Insurance
total $926 · management and general $926
-
24a · Other expenses: FACILITY RENTAL
total $4,972 · program services $4,972
-
24e · All other expenses
total $23,092 · program services $15,180 · management and general $7,912
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $27,908 · end of year $15,647
-
2 · Savings and temporary cash investments
end of year $677,279
-
4 · Accounts receivable
beginning of year $6,150 · end of year $17,859
-
9 · Prepaid expenses and deferred charges
beginning of year $973 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$18,084
-
10b · Land, buildings and equipment: accumulated depreciation
$10,953
-
10c · Land, buildings and equipment, net
beginning of year $5,572 · end of year $7,131
-
11 · Investments: publicly traded securities
beginning of year $3,826,708 · end of year $2,345,607
-
15 · Other assets
beginning of year $400,452 · end of year $333,687
-
17 · Accounts payable and accrued expenses
beginning of year $17,331 · end of year $18,770
-
19 · Deferred revenue
beginning of year $30,900 · end of year $41,150
-
25 · Other liabilities
beginning of year $400,473 · end of year $333,811
-
27 · Net assets without donor restrictions
beginning of year $3,819,059 · end of year $3,003,479
Mission and programs · 2022
Mission
EDGE SPARKS PROFITABLE BUSINESS GROWTH FOR MID-SIZED COMPANIES IN NORTHEAST OHIO BY ACCELERATING THE EXCHANGE OF KNOWLEDGE AND EXPERIENCE AMONG CEOS AND LEADERSHIP TEAMS.
Activities or mission (Part I)
TO ENHANCE ECONOMIC DEVELOPMENT IN NORTHEAST OHIO THROUGH INNOVATION AND ENTREPRENEURSHIP.
-
EDGE'S VISION IS TO MAKE NORTHEAST OHIO A PREEMINENT LOCATION FOR MIDSIZE COMPANIES. WITH THAT IN MIND, WE PROVIDE 4 PRIMARY PROGRAMS.1) MEMBERSHIP - EDGE DESIGNS EDUCATIONAL PROGRAMS FOR MEMBER MIDSIZE COMPANY CEOS AND THEIR LEADERSHIP TEAMS TO LEARN WITH AND FROM EACH OTHER VIA PEER-TO-PEER LEARNING AND OUTSIDE EXPERTS.2) SCALERATOR - AN INTENSE CLASSROOM BASED PROGRAM TARGETING SMALLER COMPANY MANAGEMENT TEAMS WHO WISH TO GROW THEIR COMPANIES.3) INNOQUEST- A PEER GROUP PROGRAM PROVIDING EXPERIENTIAL LEARNING TO COMPANY INNOVATION LEADERS.4) EDGE FELLOWS - A GRADUATE LEVEL STUDENT INTERN PROGRAM. STUDENTS WORK WITH COMPANIES TO EVALUATE NEW MARKET OPPORTUNITIES. EDGE FINDS THE PROJECTS, HIRES STUDENTS, & PROVIDES SUPERVISION & MENTORSHIP.
Expenses $444,767 · Revenue $425,377
As filed on the 2022 return.
Listed in Part VII
-
Sanjay SinghSANJAY SINGH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joe MajewskiJOE MAJEWSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lee A ChilcoteLEE A CHILCOTE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
D Kirk NeiswanderD KIRK NEISWANDER
PRESIDENT
- Total calculated
- $187,820
- From this org
- $216,096
- From related orgs
- $0
- Other
- -$28,276
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $216,096
- Bonus
- $0
- Other
- $0
- Deferred
- -$50,852
- Nontaxable benefits
- $22,576
- Filer's total
- $187,820
-
David O'HalloranDAVID O'HALLORAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Douglas SunaDOUGLAS SUNA
COO
- Total calculated
- $126,800
- From this org
- $126,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- 457(B) PLAN
- EDGE SPONSORS A SECTION 457(B) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN EMPLOYEES OF THE ORGANIZATION. THE ORGANIZATION CONTRIBUTED $5,000 DURING 2022 FOR THE PRESIDENT. ALSO INCLUDED IN OFFICER'S DEFERRED COMPENSATION ARE UNREALIZED LOSSES IN THE 457(B) PLAN OF $55,852 FOR 2022.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313059349301016
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