EDWARD CHARLES FOUNDATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- EDWARD CHARLES FOUNDATION (EIN 26-4245043)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-04-26
- IRS object ID
- 201331169349300548
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-26T16:43:22-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 952399533 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NSBN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9454 WILSHIRE BLVD 4TH FLOOR | AddressLine1 |
| City | BEVERLY HILLS | City |
| State | CA | State |
| ZIP Code | 902122907 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264245043 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDWARD CHARLES INSTITUTE OF NONPROFIT | BusinessNameLine1 |
| Business Name Line2 | MERGERS AND ACQUISITIONS FOUNDATION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | EDWA | NameControl |
| Phone | 3105571923 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8383 WILSHIRE BLVD NO 202 | AddressLine1 |
| City | BEVERLY HILLS | City |
| State | CA | State |
| ZIP Code | 90211 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KENT E SETON | Name |
| Title | CEO | Title |
| Phone | 3105571923 | Phone |
| Date Signed | 2013-04-05 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GLORIA D BIRNKRANT | Name |
| PTIN | P00436548 | PTIN |
| Phone | 3102732501 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Initial Return | X | InitialReturn |
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDWARD CHARLES FOUNDATION FOR NONPROFITS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KENT E SETON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8383 WILSHIRE BLVD NO 202 | AddressLine1 |
| City | BEVERLY HILLS | City |
| State | CA | State |
| ZIP Code | 90211 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 266250 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | HTTP://WWW.EDWARDCHARLESFOUNDATION.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2009 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | FISCAL SPONSORSHIP OF CHARITABLE PROGRAM SERVICES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 2 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 2 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 5 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 245414 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 20836 | ProgramServiceRevenueCY |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Current Year | 266250 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expenses Current Year | 168091 | OtherExpensesCurrentYear |
| Total Expenses Current Year | 168091 | TotalExpensesCurrentYear |
| Revenues Less Expenses CY | 98159 | RevenuesLessExpensesCY |
| Total Assets BOY | 30833 | TotalAssetsBOY |
| Total Assets EOY | 128992 | TotalAssetsEOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 30833 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 128992 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 1 | SignificantChange |
| Expense | 52050 | Expense |
| Description | SPONSOR TO A GRAN FOUNDATION:A GRAN FOUNDATION EMPOWERS OUR YOUTH WITH THE TOOLS FOR A SUCCESSFUL FUTURE. IT PROVIDES YOUTH WITH THE SKILLS TO EMBRACE LEARNING, LEAD HEALTHY LIVES AND MENTOR OTHERS IN THEIR COMMUNITY. IT BUILDS PARTNERSHIPS WITH ELEMENTARY SCHOOLS AND THE COMMUNITY TO UTILIZE MENTORSHIP TO IMPLEMENT PROGRAMS THAT INCORPORATE STRENGTHENING STUDENTS' PHYSICAL AND MENTAL WELL-BEING. SPECIFICALLY, IT ESTABLISHED ROCKY'S ROAD PROGRAM AT YORKSHIRE ELEMENTARY SCHOOL IN MANASSAS, VIRGINIA. ROCKY'S ROAD TRACKS THE EVOLUTION OF 26 KINDERGARTNERS WHO HAVE BEEN IDENTIFIED AS NEEDING MORE SUPPORT. THE PROGRAM IS LED BY LOCAL HIGH SCHOOL STUDENTS AND CHAMPIONED BY 5TH GRADE MENTORS, WHO WORK WITH EACH STUDENT TO SET PERSONAL GOALS AND TRACK THEIR PROGRESS THROUGH HEALTHY MIND/HEALTHY BODY DAILY WORKBOOKS, WEEKLY ACTIVITIES AND MONTHLY CHECK-INS WITH THEIR PARENTS. ALL ACTIVITIES ARE ENTERED INTO AN ONLINE COMPUTER DATABASE WHICH TRACKS THE PATH OF SUCCESS DOWN ROCKY'S ROAD. ROCKY'S ROAD WILL SHOW THAT WITH THE RIGHT TOOLS ANY STUDENT CAN ACHIEVE SUCCESS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 40008 | Expense |
| Description | SPONSOR TO ALL SPORTS UNITED:ALL SPORTS UNITED PROVIDES A PLATFORM FOR ATHLETES, SPORTS PERSONALITIES, BUSINESSES AND INDIVIDUALS TO ENGAGE IN PHILANTHROPIC ENDEAVORS WHILE IMPROVING THE EFFICIENCY OF THE GREATER COMMUNITY. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 23726 | Expense |
| Description | SPONSOR TO GODSPEED:GODSPEED IS A DOCUMENTARY FILM PRODUCED BY 1ST WAVE PRODUCTIONS. THE FILM PRESENTS AN INSPIRATIONAL STORY ABOUT PAGE JONES, FORMER RACECAR DRIVER, AND HIS RECOVERY FROM CAREER-ENDING BRAIN INJURY SUFFERED WHILE RACING IN 1994. THE MOVIE PRESENTS HOPE FOR THOSE WHO STRUGGLE WITH TBI AND THEIR FAMILIES, HELPING THEM UNDERSTAND THAT THEY ARE NOT ALONE ON THIS OFTEN-LONG JOURNEY HOME. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 45548 | Expense |
| Description | SERVED AS A FISCAL SPONSOR FOR SIX MORE ORGANIZATIONS TO PERFORM CHARITABLE PURPOSES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 45548 | TotalOfOtherProgramServiceExp |
| Total Program Service Expense | 161332 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 21 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 2 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 2 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENT E SETON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3105571923 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8383 WILSHIRE BLVD STE 202 | AddressLine1 |
| City | BEVERLY HILLS | City |
| State | CA | State |
| ZIP Code | 90211 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (2 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| KENT E SETON | ||||||
| CEO, TREASURER AND SECRETARY; DIRECTOR | 1.00 | X | X | 0 | 0 | 0 |
| KEVIN GRIGORENKO | ||||||
| CTO; DIRECTOR | 1.00 | X | X | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 245414 | AllOtherContributions |
| Total Contributions | 245414 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FISCAL SPONSORSIP FEE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 20836 | TotalRevenueColumn |
| Related Or Exempt Function Income | 20836 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 20836 | TotalProgramServiceRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 266250 | TotalRevenueColumn |
| Related Or Exempt Function Income | 20836 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2593 | Total |
| Management And General | 2593 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 350 | Total |
| Management And General | 350 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2950 | Total |
| Management And General | 2950 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| FISCAL SPONSORSHIP DISB | 144927 | 144927 | |
| FISCAL SPONSORSHIP FEES | 15636 | 15636 | |
| MISCELLANEOUS | 1635 | 769 | 866 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 168091 | Total |
| Program Services | 161332 | ProgramServices |
| Management And General | 6759 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30833 | BOY |
| EOY | 128992 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30833 | BOY |
| EOY | 128992 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30833 | BOY |
| EOY | 128992 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30833 | BOY |
| EOY | 128992 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30833 | BOY |
| EOY | 128992 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 98159 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 176554 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 57221 | CurrentTaxYearMinus1Year |
| Current Tax Year | 245414 | CurrentTaxYear |
| Total | 479189 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 176554 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 57221 | CurrentTaxYearMinus1Year |
| Current Tax Year | 245414 | CurrentTaxYear |
| Total | 479189 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 252488 | AmountsSubstContributorsTotal |
| Public Support Total170 | 226701 | PublicSupportTotal170 |
| Total Support | 479189 | TotalSupport |
| Gross Receipts From Admissions Etc | 35045 | GrossReceiptsFromAdmissionsEtc |
| First5 Years170 | X | First5Years170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
| Total Revenue | 266250 | TotalRevenue |
| Total Expenses | 168091 | TotalExpenses |
| Excess Or Deficit For Year | 98159 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 98159 | ExcessOrDeficitPerFS |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| CHANGES IN PROGRAM SERVICES | FORM 990, PART III, LINE 3 | THE ORGANIZATION NO LONGER OPERATES EDUCATIONAL SEMINARS AND CONFERENCES REGARDING DISSOLUTION NOR DOES IT RECEIVE ASSETS ON BEHALF OF DISSOLVING ORGANIZATIONS FOR DISTRIBUTION TO OTHER CHARITABLE ORGANIZATIONS. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION MADE THE FOLLOWING CHANGES TO THE ORGANIZATIONAL DOCUMENTS SINCE THE PRIOR FORM 990 WAS FILED: FIRST, THE ORGANIZATION THE FOUNDATION REFERRED TO IN ITS IRS FORM 1023, THE EDWARD CHARLES INSTITUTE OF NONPROFIT MERGERS AND ACQUISITIONS IS DEFUNCT. AS REPRESENTED IN THE FOUNDATION'S IRS FORM 1023, THE FOUNDATION DID NOT MAKE ANY BUSINESS REFERRALS TO THE INSTITUTE BEFORE ITS DEMISE. SECOND, THE ORGANIZATION RESERVES THE RIGHT TO PAY REASONABLE COMPENSATION TO ITS EXECUTIVES IN COMPLIANCE WITH CODE SECTION 4958. THE FOUNDATION IS NOT CURRENTLY COMPENSATING ANY OF ITS EXECUTIVES, BUT MAY DO SO IN THE FUTURE. ALSO, MR. SETON IS THE MANAGING PARTNER OF A LAW FIRM, SETON AND ASSOCIATES. PERIODICALLY, THE FIRM WILL PROVIDE LEGAL OR ADMINISTRATIVE STAFF SUPPORT TO THE FOUNDATION. THE FOUNDATION WILL REIMBURSE THE FIRM FOR REASONABLE EXPENSES IT INCURS IN CONNECTION WITH PROVIDING STAFF AND SUPPORT SERVICES. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED AND SIGNED BY THE CEO/TREASURER. | |
| FORM 990, PART VI, SECTION B, LINE 12 | 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, 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 | THE FOUNDATION IS NOT CURRENTLY COMPENSATING ANY OF ITS EXECUTIVES, BUT MAY DO SO IN THE FUTURE. ORGANIZATION RESERVES THE RIGHT TO PAY REASONABLE COMPENSATION TO ITS EXECUTIVES IN COMPLIANCE WITH CODE SECTION 4958. FOR EXAMPLE, THE FOUNDATION MAY PAY REASONABLE COMPENSATION TO KENT SETON FOR SERVICES HE RENDERS THE FOUNDATION AS ITS CHIEF EXECUTIVE OFFICER. WHEN COMPENSATING DISQUALIFIED PERSONS, THE FOUNDATION WILL ADHERE TO THE DEFINITION OF REASONABLE COMPENSATION AS SET FORTH UNDER SECTION 53.4958-4(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 WILL BE APPROVED IN ADVANCE BY THE FOUNDATION'S BOARD OF DIRECTORS PURSUANT TO THE PROCEDURES FOR ESTABLISHING A REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER CODE SECTION 4958 (AND SUPPORTING TREASURY REGULATIONS). IN OTHER WORDS, IT WILL BE APPROVED IN ADVANCE BY AN INDEPENDENT GROUP OF BOARD MEMBERS, IT WILL BE BASED ON APPROPRIATE COMPARABILITY DATA, AND IT WILL BE ADEQUATELY DOCUMENTED. THE BOARD WILL USE 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 990 ARE AVAILABLE IN OFFICE AT ANY TIME. | |
| FISCAL SPOSSORHIP DISBURSEMENTS | FORM 990, PART IX, LINE 24 | THE ORGANIZATION ACTS AS A FISCAL SPONSOR TO OTHER NOT FOR PROFIT ORGANIZATIONS. THE DISBURSEMENTS WERE MADE FOR THE FOLLOWING ENTITIES: - GIRL ON A WALL, INC., $17,126 - YELLOW RIBBON UNITED, $3,000 - ALL SPORTS UNITED, $37,136 - AUTISM RESOURCES, $1,891 - A GRAN FOUNDATION, $46,217 - GODSPEED, $22,357 - MISSY BEAVER, $17,200 |
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