2022-12-20T17:34:31-06:00 2022-06-30 390859910 BAKER TILLY US LLP 15760 VENTURA BLVD SUITE 1100 ENCINO CA 91436 990 2021-07-01 264245043 EDWARD CHARLES FOUNDATION EDWA 3105571923 269 SOUTH BEVERLY DRIVE 338 BEVERLY HILLS CA 90212 KENT SETON CEO 3105571923 2022-12-19 1 KENT SETON 999009999 SHASHI MIRPURI P00874030 8189812600 2022-12-19 X 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KENT SETON 269 SOUTH BEVERLY DRIVE 338 BEVERLY HILLS CA 90212 54684880 0 X WWW.EDWARDCHARLESFOUNDATION.ORG X 2009 DE FISCAL SPONSORSHIP OF CHARITABLE INITIATIVES. 4 3 10 0 0 0 50712586 40165433 825433 1030251 38454 138198 0 0 51576473 41333882 6141063 37537495 0 0 694215 1267568 0 0 0 14208659 16078258 21043937 54883321 30532536 -13549439 37089595 22160900 1026058 1040329 36063537 21120571 X TO ACT AS A FISCAL SPONSOR FOR VARIOUS CHARITABLE INITIATIVES 0 0 7018974 1936953 HELP KITCHEN PROVIDES RELIEF TO THE DISTRESSED AND POOR BY PROVIDING FOOD AND OTHER ITEMS OF NOURISHMENT TO THOSE WHO DO NOT HAVE. 2770960 135452 OUTSCHOOL.ORG - TO PROVIDE FREE CLASSES TO PUBLIC SCHOOL FAMILIES AFFECTED BY SCHOOL CLOSURES AS A RESUT OF CORONAVIRUS. 452929 17886 HEART OF DINNER COMBATS FOOD INSECURITY AND ISOLATION WITHIN NYC'S ELDERLY ASIAN AMERICAN COMMUNITY, BY DELIVERING CARE PACKAGES OF HOT LUNCHES AND FRESH PRODUC. 43078889 35447204 SERVED AS FISCAL SPONSOR FOR OTHER ORGANIZATIONS TO PERFORM CHARITABLE PURPOSES. 43078889 35447204 53321752 1 1 0 0 0 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 202 0 1 10 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA KS NY TN X THE ORGANIZATION 3105571923 269 SOUTH BEVERLY DRIVE 338 BEVERLY HILLS CA 90212 X KENT SETON CEO 40.00 X X 0 0 0 KEVIN GRIGORENKO CTO 1.00 X X 0 0 0 ANDREW ALTSULE SECRETARY 1.00 X X 0 0 0 JAMES BULLARD TREASURER 1.00 X X 0 0 0 0 0 0 0 0 0 0 THE NASARATI EXPERIENCE INC 3000 MARCUS AVE STE 1W5 LAKE SUCCESS NY 11042 EVENT EXPENSE 520690 SETON & ASSOCIATES PLC 269 S BEVERLY DR 338 BEVERLY HILLS CA 90212 CEO SERVICES 499500 SETON & ASSOCIATES PLC 269 S BEVERLY DR 338 BEVERLY HILLS CA 90212 LICENSING FEE 215720 OFFOR (OFFOR WALKER GROUP LLC) 500 S GENOIS ST NEW ORLEANS LA 70119 CONSULTING 171100 THE ARTEMIS AGENCY LLC 508 NORWICH DRIVE WEST HOLLYWOD CA 90048 CONSULTING 159484 14 40165433 2073076 40165433 FEE INCOME 561000 1030251 1030251 1030251 95850 95850 13393346 13350998 42348 42348 42348 41333882 1072599 0 95850 37070123 37070123 200183 200183 267189 267189 1164603 919178 245425 102965 50690 52275 96780 76011 20769 1109048 874227 234821 4007939 3147825 860114 78587 78587 44901 40988 3913 460752 438974 21778 201879 165088 36791 3352 3337 15 112742 63671 49071 AWARENESS EVENT 8738891 8738891 OTHER PROGRAM EXPENSES 1132920 1127696 5224 BANK CHARGES 42055 42055 LICENSES AND FEES 39424 11565 27859 8988 5474 3514 54883321 53321752 1561569 0 15269684 19143200 19985376 222214 539690 770526 3150 2950 9050 3352 0 5698 1291695 1096312 920000 37089595 22160900 189041 813511 792993 178974 38000 38000 6024 9844 1026058 1040329 X 599486 251928 35464051 20868643 36063537 21120571 37089595 22160900 -13549439 -1393527 0 X 0 1 X 0 0 X 14364930 12550289 10297153 50712586 40165357 128090315 14364930 12550289 10297153 50712586 40165357 128090315 31008372 97081943 9988 34313 28182 16728 95850 185061 128275376 2969025 0.75680 0.66780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 1028520 215520 1181418 1 1 9050 3352 5698 5698 CREDIT CARDS PAYABLE 6049 DEFERRED RENT 3795 9844 X 40540355 -1393527 600000 -793527 41333882 0 41333882 55483321 600000 600000 54883321 0 54883321 PART X, LINE 2: EDWARD CHARLES FOUNDATION (FOUNDATION) HAS RECEIVED TAX-EXEMPT STATUS FROM THE INTERNAL REVENUE SERVICE AND CALIFORNIA FRANCHISE TAX BOARD UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND SECTION 2370L(D) OF THE REVENUE AND TAXATION CODE, RESPECTIVELY. THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS OF TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE ORGANIZATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. 0 0 0 0 0 0 0 0 0 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT FOR UNICEF EVENT. 114880 0 EUROPE (INCLUDING ICELAND & GREENLAND) WE PLANT TREES, TREE PLANTING, DONATION. 79432 0 EUROPE (INCLUDING ICELAND & GREENLAND) SCIENTIFIC RESEARCH FOR ECOLOGICAL MAPPING 50000 0 EAST ASIA AND THE PACIFIC SCIENTIFIC RESEARCH 20377 0 2 2 0 0 0 0 0 0 PART I, LINE 2: 1. THE ORGANIZATION RESEARCHES THE FOREIGN RECIPIENT BASED ON THE INFORMATION PROVIDED BY THE GRANTING FISCAL SPONSEE. 2, THE ORGANIZATION IDENTIFIES IF THE FOREIGN RECIPIENT IS AN NGO OR FOREIGN EQUIVALENT TO A US BASED CHARITY. 3. IF NO, THE ORGANIZATION REPORTS BACK TO THE FISCAL SPONSEE THAT A GRANT CANNOT BE DISTRIBUTED. 4. IF YES, THE ORGANIZATION GATHERS SUPPORTING DOCUMENTS AND BANKING INFORMATION. 5. THEN, THE GRANT IS DISTRIBUTED. PART III ACCOUNTING METHOD: 1 FELTHEIMER FAMILY FOUNDATION 3550 WILSHIRE BLVD SUITE 400 LOS ANGELES CA 90010 861437492 501(C)(3) 19561510 0 CHARITABLE GIFT STARLINK INITIATIVE LTD 1 ROCKET ROAD HAWTHORNE CA 90250 861497022 501(C)(3) 6082590 0 CHARITABLE GIFT SCHOOLHOUSEWORLD INC 3790 EL CAMINO REAL UNIT PMB 544 PALO ALTO CA 94306 853101725 501(C)(3) 2338186 0 CHARITABLE GIFT HELPKITCHEN CLIENT 394 PACIFIC AVENUE 2ND FLOOR SAN FRANCISCO CA 94111 871267912 501(C)(3) 1735171 0 CHARITABLE GIFT LETO FUND 508 NORWICH DR WEST HOLLYWOOD CA 90069 873652432 501(C)(3) 1208972 0 CHARITABLE GIFT THRIVE MARKET INC 5340 ALLA RD SUITE 105 LOS ANGELES CA 90066 463408763 501(C)(3) 933974 0 CHARITABLE GIFT CHILDREN'S HOSPITAL OF PITTSBURGH FOUNDATION 4401 PENN AVE CENTRAL PLANT FLR 3 PITTSBURGH PA 15224 251865744 501(C)(3) 740000 0 CHARITABLE GIFT SINGLE PARENTS IN NEED FOUNDATION 5435 BALBOA BLVD ENCINO CA 91316 472427791 501(C)(3) 350000 0 CHARITABLE GIFT INGA KULBERG TESLER FOUNDATION 200 SAN MARCOS 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AWARD 9 36731 OTHER DONATIONS 26 163452 PART I, LINE 2: 1. THE ORGANIZATION RESEARCHES THE DOMESTIC RECIPIENT BASED ON THE INFORMATION PROVIDED BY THE GRANTING FISCAL SPONSEE. 2. THE ORGANIZATION ENSURES THAT THE DOMESTIC RECIPIENT IS IN GOOD STANDING WITH THE IRS. 3. IF NO, THE ORGANIZATION REPORTS BACK TO THE FISCAL SPONSEE THAT A GRANT CANNOT BE DISTRIBUTED. 4. IF YES, THE ORGANIZATION GATHERS SUPPORTING DOCUMENTS AND BANKING INFORMATION. 5. IF THE GRANT IS SUBSTANTIAL, THE ORGANIZATION REQUIRES A GRANT AGREEMENT BE PUT IN PLACE. 6. THEN, THE GRANT IS DISTRIBUTED. KENT SETON INDIVIDUAL IS THE CEO OF EDWARD CHARLES FOUNDATION 499500 EDWARD CHARLES FOUNDATION MADE PAYMENTS TO THE INDIVIDUAL'S BUSINESS (SETON & ASSOCIATES, PLC) IN EXCHANGE FOR CEO SERVICES 0 KENT SETON INDIVIDUAL IS THE CEO OF EDWARD CHARLES FOUNDATION 215720 EDWARD CHARLES FOUNDATION MADE PAYMENTS TO THE INDIVIDUAL'S BUSINESS (SETON & ASSOCIATES, PLC) FOR LICENSING FEES 0 X 1 2073000 INDEPENDENT VALUATION X 1 76 ACTUAL COST 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD PRIOR TO FILING AND SIGNED BY THE CEO/TREASURER. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF THE COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 WHEN COMPENSATING DISQUALIFIED PERSONS, THE FOUNDATION ADHERES TO THE DEFINITION OF REASONABLE COMPENSATION AS SET FORTH UNDER SECTION 53.4958-(B)(1)(II) OF THE TREASURY REGULATIONS THAT SECTION PROVIDES THAT REASONABLE COMPENSATION IS THE AMOUNT THAT WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY LIKE ENTERPRISES, WHETHER TAXABLE OR TAX-EXEMPT, UNDER LIKE CIRCUMSTANCES. FURTHERMORE ANY COMPENSATION THE FOUNDATION PAYS TO A DISQUALIFIED PERSON IS APPROVED IN ADVANCE BY THE FOUNDATION'S BOARD OF DIRECTORS IT IS APPROVED PURSUANT TO THE PROCEDURES FOR ESTABLISHING A REBUTTABLE PROCEDURE OCCURS IN ADVANCE, BY AN INDEPENDENT GROUP OF BOARD MEMBERS BASED ON APPROPRIATE COMPARABILITY DATE IT IS ADEQUATELY DOCUMENTED THAT THE BOARD USES THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER CODE SECTION 4958 ALSO TO ENSURE THAT COMPENSATION DOES NOT CONSTITUTE PRIVATE INUREMENT. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS, FORM 1023, AND FORM 990 ARE AVAILABLE IN OFFICE AT ANY TIME. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS, FORM 1023 AND FORM 990 ARE AVAILABLE IN OFFICE AT ANY TIME.