Edwins Foundation
- Assets
- $2.7m
- Revenue
- $1.7m
- Investments
- $177.9k
- Employees
- 92
- Location
- Cleveland, OH
- Founding
- 06/2016
- Data as of
- 07/2023
- EIN
- 81-2196126
Organization Overview
Edwins Foundation is located in Cleveland, OH. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 07/2023, Edwins Foundation employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edwins Foundation 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 07/2023, Edwins Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.2% each year . All expenses for the organization totaled $1.6m during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Edwins Foundation has awarded 20 individual grants totaling $1,273,070. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATION WAS FORMED TO COORDINATE, PROMOTE AND OVERSEE THE OPERATIONS OF EDWINS, SECOND CHANCE, THE BUTCHER SHOP, THE BAKERY, EDWINS TOO AND THE FAMILY CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COORDINATE, PROMOTE AND DEVELOP THE OPERATIONAL CAPACITY OF ENTITIES, INCLUDING THOSE OF WHICH THE CORPORATION IS THE SOLE MEMBER, THAT ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSES OF ASSISTING RETURNING CITIZENS AND SIMILARLY DISADVANTAGED AND AT RISK INDIVIDUALS IN MEETING THE SOCIAL, VOCATIONAL, EDUCATIONAL AND PERSONAL CHALLENGES IMPEDING SUCCESSFUL REENTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl Deckard Trustee | Trustee | 1 | $0 |
Jenniffer Deckard Trustee | Trustee | 1 | $0 |
Duane Deskins Trustee | Trustee | 1 | $0 |
Christopher M Kelly Trustee | Trustee | 1 | $0 |
John Sinnenberg Trustee | Trustee | 1 | $0 |
Mark Swary Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $389,922 |
| Related organizations | $39,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $835,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,264,116 |
| Total Program Service Revenue | $0 |
| Investment income | $3,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,764 |
| Net Income from Fundraising Events | -$406,996 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $807,160 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,729,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $410,430 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $543,285 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,072 |
| Payroll taxes | $57,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,853 |
| Travel | $13,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,061 |
| Insurance | $30,095 |
| All other expenses | $53,757 |
| Total functional expenses | $1,575,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,737 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $61,465 |
| Accounts receivable, net | $15,675 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,393 |
| Prepaid expenses and deferred charges | $14,593 |
| Net Land, buildings, and equipment | $1,789,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $177,852 |
| Investments—program-related | $0 |
| Intangible assets | $5,739 |
| Other assets | $252,964 |
| Total assets | $2,730,378 |
| Accounts payable and accrued expenses | $50,983 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $240,704 |
| Total liabilities | $291,687 |
| Net assets without donor restrictions | $2,302,199 |
| Net assets with donor restrictions | $136,492 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,730,378 |
Grants Awarded
Over the last fiscal year, Edwins Foundation has awarded $334,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EDWINS SECOND CHANCE LIFE SKILLS CENTER PURPOSE: FOR OPERATIONS | $143,500 |
EDWINS LEADERSHIP & RESTAURANT INSTITUTE PURPOSE: FOR OPERATIONS | $7,000 |
EDWINS BUTCHER SHOP AND TRAINING CENTER PURPOSE: FOR OPERATIONS | $50,000 |
EDWINS BAKERY AND TRAINING CENTER PURPOSE: FOR OPERATIONS | $25,000 |
EDWINS RESTAURANT AND TRAINING CENTER DBA EDWINS TOO PURPOSE: FOR OPERATIONS | $74,500 |
EDWINS FAMILY CENTER LLC PURPOSE: FOR OPERATIONS | $34,500 |