The Edison School
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$602,000.00
Projected Expenses
$648,300.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| The Edison School IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $503,282.00 | $642,668.00 | $498,071.00 |
| Total Expenses | $652,107.00 | $751,020.00 | $545,148.00 |
| Revenue Less Expenses | ($148,825.00) | ($108,352.00) | ($47,077.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $53,454.00 | $47,145.00 | $59,925.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $444,680.00 | $595,520.00 | $437,117.00 |
| Investment Income, Net of Losses | $14.00 | $0.00 | $29.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $5,134.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $1,000.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $652,107.00 | $751,020.00 | $545,148.00 |
| Administration Expense | $0.00 | $0.00 | $0.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 77% | 86% | 91% |
| Program Expense/Total Expenses | 100% | 100% | 100% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $444,680.00 | Program Revenue $595,520.00 | Program Revenue $437,117.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $53,454.00 | Contributions, Gifts, and Grants $47,145.00 | Contributions, Gifts, and Grants $59,925.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $5,134.00 | $0.00 | Noncash Contributions $1,000.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $42,837.00 | $133,958.00 | $46,200.00 |
| Current Assets | $42,837.00 | $133,958.00 | $46,200.00 |
| Long-Term Liabilities | $200,000.00 | $200,000.00 | $12,040.00 |
| Current Liabilities | $65,854.00 | $8,150.00 | $0.00 |
| Total Net Assets | $-223,017.00 | $-74,192.00 | $34,160.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$10,000.00
What is the spending policy for your endowment?
N/A
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| The Edison School's tuition price point is fair and there is very little waste in our budget. Our primary challenge is raising money for tuition assistance in order to make our program affordable to everyone. We are working to meet this challenge by applying for grants that will cover scholarships as well as technology, curriculum development and classroom staples. As the Board develops comprehensive strategic and fundraising plans for the school, we will explore every possible funding alternative. |
Foundation Staff Comments
| Financial figures taken from the Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. 990 prepared by McMurray & Associates, CPA's. Comment provided by Nicole Rose 02/26/2024. |
