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← EDISON FOUNDATION

Form 990 for tax year 2022

Filed by EDISON FOUNDATION.

Totals

Total revenue
$498,679
Total expenses
$294,521
Contributions and grants received
$448,349
Grants paid
$273,231
Program service revenue
$0
Investment income
$86,565
Other revenue
-$36,235
Total assets, end of year
$3,625,481
Total liabilities, end of year
$29,407
Net assets or fund balances, end of year
$3,596,074
Program services expenses (Part IX)
$294,217
Management and general expenses
$0
Fundraising expenses
$304
Program service expenses (Part III)
$294,217

Program services were 99.9% 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.

  • 1c · Fundraising events

    $94,161

  • 1f · All other contributions, gifts and grants

    $354,188

  • 3 · Investment income

    total $75,926 · related or exempt $75,926

  • 7a · Gross sales of assets other than inventory

    securities $7,461,380

  • 7b · Less cost or other basis and sales expenses

    securities $7,450,741

  • 7c · Gain or loss

    securities $10,639

  • 7d · Net gain or loss

    total $10,639 · related or exempt $10,639

  • 8a · Fundraising events: gross income

    $16,953

  • 8a · Fundraising events: contributions included on line 1c

    $94,161

  • 8b · Fundraising events: direct expenses

    $53,188

  • 8c · Net income from fundraising events

    total -$36,235

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $273,231 · program services $273,231

  • 11f · Fees: investment management

    total $21,439 · program services $21,439

  • 13 · Office expenses

    total -$453 · program services -$453

  • 24a · Other expenses: MISCELLANEOUS

    total $350 · fundraising $350

  • 24b · Other expenses: FUNDRAISING

    total -$46 · fundraising -$46

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $302,168 · end of year $245,471

  • 3 · Pledges and grants receivable

    beginning of year $8,052 · end of year $6,286

  • 4 · Accounts receivable

    beginning of year $3,614 · end of year $1,200

  • 11 · Investments: publicly traded securities

    beginning of year $2,907,783 · end of year $3,372,524

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,403 · end of year $29,407

  • 27 · Net assets without donor restrictions

    beginning of year $1,451,835 · end of year $1,666,610

  • 28 · Net assets with donor restrictions

    beginning of year $1,747,379 · end of year $1,929,464

Mission and programs · 2022

Mission

THE FOUNDATION IS ORGANIZED: (A) TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF EDISON COMMUNITY COLLEGE, PIQUA, OHIO, A PUBLIC INSTITUTION OF HIGHER EDUCATION, OWNED AND OPERATED BY THE BOARD OF TRUSTEES OF THE EDISON STATE COMMUNITY COLLEGE DISTRICT, A POLITICAL SUBDIVISION OF THE STATE; (B) TO PROMOTE AND RAISE FUNDS FOR THE PROGRAMS, DEPARTMENTS, SERVICES AND CAPITAL IMPROVEMENT PROJECTS OF EDISON COMMUNITY COLLEGE; (C) TO SOLICIT, RECEIVE, HOLD, ADMINISTER AND APPLY FUNDS OR OTHER PROPERTY, RAISED THROUGH GIFTS, DEVICES, LIFE INCOME CONTRACTS, BEQUESTS, ENDOWMENTS, GRANTS OR OTHERWISE, OR PROCEEDS THEREOF, FOR THE BENEFIT OF EDISON COMMUNITY COLLEGE; AND (D) IN GENERAL, TO DO THROUGH SUCH OTHER NECESSARY AND PROPER MEANS WHAT MAY BE REQUIRED TO EFFECT AND CARRY FORWARD THE AFORESAID PURPOSE.

Activities or mission (Part I)

THE PURPOSE OF THE EDISON FOUNDATION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF EDISON STATE COMMUNITY COLLEGE, PIQUA, OHIO. THE FOUNDATION PROMOTES AND SUPPORTS THE PROGRAMS, PRIVATE SCHOLARSHIPS, SERVICES AND CAPITAL IMPROVEMENT PROJECTS OF EDISON COMMUNITY COLLEGE BY SOLICITING, RECEIVING, HOLDING, ADMINISTERING AND APPLYING FUNDS.

  • TO PROVIDE ASSISTANCE TO ECONOMICALLY DISADVANTAGED STUDENTS OF EDISON STATE COMMUNITY COLLEGE, TO RUN GRADUATE ACADEMY FOR COMMUNITY LEADERSHIP, TO MANAGE THE COOPERATING COLLECTION - A FREE FUNDING INFORMATION CENTER THAT PROVIDES A CORE COLLECTION OF FOUNDATION CENTER PUBLICATIONS AND A VARIETY OF SUPPLEMENTARY MATERIALS AND SERVICES IN AREAS USEFUL TO GRANTSEEKERS, AND TO PROMOTE THE CAPITAL CAMPAIGN.

    Expenses $294,217 · Grants $273,231

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Richard Hanes

    EXECUTIVE DI

    Total calculated
    $165,913
    From this org
    $0
    From related orgs
    $118,306
    Other
    $47,607
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $118,306 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $47,607 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $165,913 related

  • Chris Spradlin

    COLLEGE PRES

    Total calculated
    $157,241
    From this org
    $0
    From related orgs
    $100,000
    Other
    $57,241
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $100,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $57,241 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $157,241 related

  • Dr Doreen Larson

    FORMER PRESI

    Total calculated
    $142,228
    From this org
    $0
    From related orgs
    $103,800
    Other
    $38,428

  • Heather Bailey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • D Ann Baird

    TRUSTEE EMER

    Total calculated
    $0
    Hours/week
    0

  • Naomi Cantrell

    SECRETARY

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Gavin Glasscoe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Van Haaren

    TRUSTEE EMER

    Total calculated
    $0
    Hours/week
    0

  • Dr Scott Kanagy

    BOARD AFFAIR

    Total calculated
    $0
    Hours/week
    1

  • Bettye Laughlin

    TRUSTEE EMER

    Total calculated
    $0
    Hours/week
    0

  • William Lukens

    TRUSTEE EMER

    Total calculated
    $0
    Hours/week
    0

  • J Kathryn Lukey

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Roger Luring

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eric Prenger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas Robinson

    TRUSTEE EMER

    Total calculated
    $0
    Hours/week
    0

  • Brooke Ruhenkamp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Connie Schneider

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Leah Shreves

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Justin Sommer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mat Verholz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dean Weinert

    BUS AFFAIRS

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Williams

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    1

  • Samanthe Wilt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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 · 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

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

  • EDISON STATE COMMUNITY COLLEGE

    $273,231

    TO ASSIST COLLEGE

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • EDISON STATE COMMUNITY COLLEGE

    EDUCATION · OH

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202303199349318410

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