Edge Foundation Inc
- Assets
- $747.4k
- Revenue
- $49.1k
- Investments
- $631.5k
- Employees
- 0
- Location
- Vale, NC
- Founding
- 09/2008
- Data as of
- 12/2022
- EIN
- 26-1455441
Organization Overview
Edge Foundation Inc is located in Vale, NC. The organization was established in 2008. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edge Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Edge Foundation Inc generated $49.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.1%) each year. All expenses for the organization totaled $87.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Edge Foundation Inc has awarded 99 individual grants totaling $190,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Downs Vp/sec, Treas & Director | 40 | $35,568 | |
Lorie Reece Director | 0.5 | $0 | |
Jeff Buice Director | 0.5 | $0 | |
Donna Downs President/ceo & Director | 0.5 | $0 | |
Shirley Faye Downs Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,000 |
| Interest on Savings | $1,791 |
| Dividends & Interest | $7,285 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,076 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,568 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $13,747 |
| Interest | $0 |
| Taxes | $2,738 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,674 |
| Total operating and administrative expenses | $57,477 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $87,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $115,902 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $560,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $747,432 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Edge Foundation Inc has awarded $30,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST CHRISTIAN CHURCH OF NEWTON PURPOSE: OPERATIONS | $6,500 |
Hickory, NC PURPOSE: OPERATIONS | $6,500 |
BAPTIST CHILDREN'S HOMES OF NC PURPOSE: OPERATIONS | $2,000 |
Jacksonville, FL PURPOSE: OPERATIONS | $2,000 |
Staten Island, NY PURPOSE: OPERATIONS | $2,000 |
Rockville, MD PURPOSE: OPERATIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Mac Soldiers Fund Inc Ashburn, VA | $3,599,907 | $5,224,033 |
Ujft Community Campus L L C Virginia Beach, VA | $22,712,202 | $1,877,122 |
Generations Inc Memphis, TN | $2,391,169 | $2,284,255 |
Francis P Chiaramonte Md Family Foundation Inc Alexandria, VA | $42,064,981 | $1,988,575 |
Special Operation Care Fund Inc Atlanta, GA | $332,687 | $2,251,151 |
Svdp Diocesan Council Of Charleston Simpsonville, SC | $683,288 | $1,824,626 |
A Step Ahead Foundation Inc Memphis, TN | $3,137,526 | $2,423,176 |
Autozoner Assistance Fund Inc Memphis, TN | $1,988,697 | $1,522,560 |
Children Of Restaurant Employees Woodstock, GA | $1,825,017 | $1,448,112 |
Jackson Emc Foundation Inc Jefferson, GA | $239,768 | $1,230,630 |
Richmond Fisher House Founation Richmond, VA | $1,722,892 | $357,614 |
The Mirza Family Foundation Herndon, VA | $9,452,035 | $5,003,144 |