2016-05-16T19:14:33-05:00 2015-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2014-07-01 264245043 EDWARD CHARLES FOUNDATION EDWA 3105571923 269 SOUTH BEVERLY DRIVE NO 339 BEVERLY HILLS CA 90212 KENT SETON CEO 3105571923 2016-05-16 1 DONITA M JOSEPH P00286656 5624351191 2016-05-16 2014 2016-08-17 19:52:53Z X KENT SETON 269 SOUTH BEVERLY DRIVE NO 339 BEVERLY HILLS CA 90212 5026708 0 X WWW.EDWARDCHARLESFOUNDATION.ORG X 2009 DE FISCAL SPONSORSHIP OF CHARITABLE PROGRAM SERVICES. 4 4 0 5 0 0 1749235 4576831 41119 307321 -222 1612 0 -164278 1790132 4721486 356371 529671 0 0 126686 653418 0 0 0 834565 1806974 1317622 2990063 472510 1731423 777451 2645032 37269 156215 740182 2488817 X TO ACT AS A FISCAL SPONSOR FOR INDIVIDUALS AND ORGANIZATIONS THAT DESIRE TO OPERATE AND RAISE MONIES AND GIVE MONIES FOR CHARITABLE PURPOSES AND PROGRAMS. 0 0 288161 SPONSOR TO PERSHING SQUARE RENEW, INC. ASSISTING IN THE COLLABORATION BETWEEN GOVERNMENT, COMMUNITY, AND BUSINESS LEADERS IN DOWNTOWN LA, DEDICATED TO SUPPORTING AND FACILITATING PERSHING SQUARE'S REVITALIZATION. 142191 SPONSOR TO TARGET ZERO PREVENTING CRUELTY TO ANIMALS, PROVIDING ALL KINDS OF PREVENTION PROGRAMMATIC SERVICES IN MAJOR CITIES IN THE US. 233158 SPONSOR TO GODSPEED FOUNDATION. GODSPEED IS A DOCUMENTARY FILM TO RAISE MONEY AND AWARENESS FOR THOSE SUFFERING FROM BRAIN RELATED INJURIES. 1700088 529671 307321 SERVED AS A FISCAL SPONSOR FOR 68 MORE ORGANIZATIONS TO PERFORM CHARITABLE PURPOSES. 1700088 529671 307321 2363598 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KENT SETON 3105571923 269 SOUTH BEVERLY DRIVE SUITE 338 BEVERLY HILLS CA 90212 KENT E SETON CEO 24.00 X X 100000 0 0 KEVIN GRIGORENKO CTO 1.00 X X 0 0 0 ANDREW ALTSHULE SECRETARY 1.00 X X 0 0 0 JAMES BULLARD TREASURER 1.00 X X 0 0 0 100000 0 0 0 0 0 0 0 245 4576586 4576831 FISCAL SPONSORSHIP FEE 900099 307321 307321 307321 1383 1383 3907 3678 229 229 229 137266 245 301544 -164278 -164278 4721486 307321 0 -162666 X 512421 512421 17250 17250 100000 100000 449727 449727 95031 95031 8660 765 7895 269365 10102 259263 155546 155546 89930 89930 535365 492486 42879 28142 28142 44212 37312 6900 64549 57398 7151 98043 87104 10939 30769 30769 25099 20641 4458 DOCUMENTARY PRODUCTION 226572 226572 REFURBISHMENT OF BUILDI 63914 63914 YOUTH SPORTS 35868 35868 FOOD FOR VOLUNTEERS AND 16147 16147 123453 121434 2019 2990063 2363598 626465 0 673045 2526820 6754 97652 115412 0 2800 777451 2645032 37269 156215 37269 156215 X -17916 740182 2506733 740182 2488817 777451 2645032 1731423 17212 0 X 0 1 X 0 0 X 57221 245414 1111603 1874037 4883907 8172182 57221 245414 1111603 1874037 4883907 8172182 2006135 6166047 181 1383 1564 8173746 0.75440 0.60060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 6000 7642 1 1 0 X 5040242 17212 301544 318756 4721486 0 4721486 3291607 301544 301544 2990063 0 2990063 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE IMPACT OF TAX POSITIONS ON THE FINANCIAL STATEMENTS IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC NO. 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ("ASC 740"). ASC 740 CLARIFIES THE UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS IN ACCORDANCE WITH FASB STATEMENTS NO. 109, ACCOUNTING FOR INCOME TAXES, AND PRESCRIBES A RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN ACCORDANCE WITH ASC 740, THE ORGANIZATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. TO DATE, THE ORGANIZATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE ORGANIZATION RECOGNIZES POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. DURING THE YEAR ENDED JUNE 30, 2015, THE ORGANIZATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. IN ACCORDANCE WITH THE TAX STATUTE, THE ORGANIZATION'S TAX RETURNS REMAIN SUBJECT TO EXAMINATION FOR ALL TAX YEARS ENDED ON OR AFTER JUNE 30, 2011 WITH REGARD TO ALL TAX POSITIONS AND THE RESULTS REPORTED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 301,544. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNRAISING EXPENSE 301,544. GOLF TOURNAMENT 22470 245 22225 3500 1252 HALLOWEEN FUNDRAISER 115041 115041 2233 3380 291179 137511 245 137266 5733 3380 292431 301544 -164278 0 EDWARD CHARLES FOUNDATION 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 264245043 20426 TO SUPPORT CHARITABLE MISSION LINDSEY & ALEX DAVIS FOUNDATION 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 58186 TO SUPPORT CHARITABLE MISSION LION'S ATHLETE FOUNDATION 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 10250 TO SUPPORT CHARITABLE MISSION POST CHARITABLE FNDT (OTHER) 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 67192 TO SUPPORT CHARITABLE MISSION 97K GRANT (PARTNER CITIES) 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 21177 TO SUPPORT CHARITABLE MISSION MARC MILGROM (AGORA FUND FOUNDATION) 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 6249 TO SUPPORT CHARITABLE MISSION AGORA FUND FOUNDATION - OTHER 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 10842 TO SUPPORT CHARITABLE MISSION ALL SPORTS UNITED 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 10183 TO SUPPORT CHARITABLE MISSION BRANDON WEEDEN FOUNDATION 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 96257 TO SUPPORT CHARITABLE MISSION CHRIS PAUL FAMILY FOUNDATION 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 13500 TO SUPPORT CHARITABLE MISSION CHIME (CROWDRISE) 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 6182 TO SUPPORT CHARITABLE MISSION DEMOCRACY FOUNDATION 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 28627 TO SUPPORT CHARITABLE MISSION DETROIT WATER PROJECT 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 27902 TO SUPPORT CHARITABLE MISSION FACE THE MUSIC FOUNDATION 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 5430 TO SUPPORT CHARITABLE MISSION FIGHT FOR LIFE FOUNDATION 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 7544 TO SUPPORT CHARITABLE MISSION GENERATION HUMANITY 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 15175 TO SUPPORT CHARITABLE MISSION PERSHING SQUARE RENEW INC 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 14205 TO SUPPORT CHARITABLE MISSION SUGAR AND STILETTOS 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 31000 TO SUPPORT CHARITABLE MISSION TARGET ZERO INSTITUTE 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 17648 TO SUPPORT CHARITABLE MISSION WETZEL FOUNDATION INC 269 SOUTH BEVERLY DRIVE SUITE 339 BEVERLY HILLS CA 90212 25067 TO SUPPORT CHARITABLE MISSION 20 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE BOARD PRIOR TO FILING AND THEN 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 CONFICLT OF INTEREST POLICY, READ AND UNDERSTANDS THE 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 PRESUMPTION OF REASONABLENESS UNDER CODE SECTION 4958 (AND SUPPORTING TREASURY REGULATIONS). THIS PROCEDURE OCCURS IN ADVANCE, BY AN INDEPENDENT GROUP OF BOARD MEMBERS BASED ON APPROPRIATE COMPARABILITY DATA. 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 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. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 290,199. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 290,199. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 202,287. MANAGEMENT AND GENERAL EXPENSES 42,879. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 245,166.