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Edward Charles Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Human Services - Multipurpose and Other N.E.C. (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2024 tax filing, this nonprofit:

Operated a donor-advised fund
Organization maintained a donor-advised fund or similar account through which donors could direct the distribution or investment of funds. Details are reported on Schedule D.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$66.5M (2024)

Expenses
$52.3M (2024)

Total Assets
$51.7M (2024)

Total Liabilities
$6.97M (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,506,474
Expenses
$52,303,147
Net Income
$14,203,327
Net Assets
$44,725,729
Notable Sources of Revenue Percent of Total Revenue
Contributions $66,223,177
99.6%
Program Services $2,822,548
4.2%
Investment Income $439,948
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $19,200
0.0%
Net Fundraising -$3,017,520
Sales of Assets $19,121
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,973,286
7.6%
Assets/Debt
Total Assets $51,692,237
Total Liabilities $6,966,508
Net Assets $44,725,729
Other
Operated a donor-advised fund
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kent Seton (Ceo, Cfo) $0 $0 $0
Kevin Grigorenko (Cto) $0 $0 $0
Andrew Altsule (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$39,861,685
Expenses
$26,012,334
Net Income
$13,849,351
Net Assets
$34,119,018
Notable Sources of Revenue Percent of Total Revenue
Contributions $39,835,746
99.9%
Program Services $1,333,987
3.3%
Investment Income $46,575
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$1,333,389
Sales of Assets -$26,440
Net Inventory Sales $0
Other Revenue $5,206
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,188,625
12.3%
Assets/Debt
Total Assets $35,857,794
Total Liabilities $1,738,776
Net Assets $34,119,018
Other
Operated a donor-advised fund
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kent Seton (Ceo) $0 $0 $0
Kevin Grigorenko (Cto) $0 $0 $0
Andrew Altsule (Secretary) $0 $0 $0
James Bullard (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,333,882
Expenses
$54,883,321
Net Income
-$13,549,439
Net Assets
$21,120,571
Notable Sources of Revenue Percent of Total Revenue
Contributions $40,165,433
97.2%
Program Services $1,030,251
2.5%
Investment Income $95,850
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $42,348
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,164,603
2.1%
Assets/Debt
Total Assets $22,160,900
Total Liabilities $1,040,329
Net Assets $21,120,571
Other
Operated a donor-advised fund
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kent Seton (Ceo) $0 $0 $0
Kevin Grigorenko (Cto) $0 $0 $0
Andrew Altsule (Secretary) $0 $0 $0
James Bullard (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$51,576,473
Expenses
$21,043,937
Net Income
$30,532,536
Net Assets
$36,063,537
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,712,586
98.3%
Program Services $825,433
1.6%
Investment Income $16,728
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $21,726
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $115,000
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $472,276
2.2%
Assets/Debt
Total Assets $37,089,595
Total Liabilities $1,026,058
Net Assets $36,063,537
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Kent Seton (Ceo) $115,000 $0 $0
Kevin Grigorenko (Cto) $0 $0 $0
Andrew Altsule (Secretary) $0 $0 $0
James Bullard (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,864,095
Expenses
$9,247,976
Net Income
$1,616,119
Net Assets
$5,345,157
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,297,153
94.8%
Program Services $540,925
5.0%
Investment Income $28,182
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,165
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $105,000
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $434,066
4.7%
Assets/Debt
Total Assets $5,690,189
Total Liabilities $345,032
Net Assets $5,345,157
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Tamara Brown (Program Director) $143,238 $0 $0
Kent Seton (Ceo) $105,000 $0 $0
Kevin Grigorenko (Cto) $0 $0 $0
Andrew Altsule (Secretary) $0 $0 $0
James Bullard (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,285,448
Expenses
$17,433,013
Net Income
-$4,147,565
Net Assets
$3,690,502
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,550,289
94.5%
Program Services $691,615
5.2%
Investment Income $34,313
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,231
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $240,000
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $773,819
4.4%
Assets/Debt
Total Assets $6,676,605
Total Liabilities $2,986,103
Net Assets $3,690,502
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Kent Seton (Ceo) $240,000 $0 $0
Kevin Grigorenko (Cto) $0 $0 $0
Andrew Altsule (Secretary) $0 $0 $0
James Bullard (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,927,442
Expenses
$8,734,203
Net Income
$5,193,239
Net Assets
$8,157,920
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,660,916
> 100%
Program Services $499,168
3.6%
Investment Income $1,008
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$1,233,650
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $530,869
6.1%
Assets/Debt
Total Assets $8,584,362
Total Liabilities $426,442
Net Assets $8,157,920
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Kent Seton (Ceo) $0 $0 $0
Kevin Grigorenko (Cto) $0 $0 $0
Andrew Altsule (Secretary) $0 $0 $0
James Bullard (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,534,515
Expenses
$6,439,930
Net Income
$1,094,585
Net Assets
$3,395,480
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,231,064
96.0%
Program Services $287,237
3.8%
Investment Income $1,497
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $14,717
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $25,000
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $542,746
8.4%
Assets/Debt
Total Assets $3,480,299
Total Liabilities $84,819
Net Assets $3,395,480
Compensation
Key Employees and Officers Compensation Related Other
Kent Seton (Ceo) $0 $0 $0
Kevin Grigorenko (Cto) $0 $0 $0
Andrew Altsule (Secretary) $0 $0 $0
James Bullard (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,664,713
Expenses
$5,410,754
Net Income
-$746,041
Net Assets
$1,797,595
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,664,614
100.0%
Program Services $271,952
5.8%
Investment Income $838
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$274,469
Sales of Assets $1,625
0.0%
Net Inventory Sales $0
Other Revenue $153
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $25,000
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $861,404
15.9%
Assets/Debt
Total Assets $1,852,985
Total Liabilities $55,390
Net Assets $1,797,595
Compensation
Key Employees and Officers Compensation Related Other
Kent E Seton (Ceo) $25,000 $0 $0
Kevin Grigorenko (Cto) $0 $0 $0
Andrew Altshule (Secretary) $0 $0 $0
James Bullard (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,721,486
Expenses
$2,990,063
Net Income
$1,731,423
Net Assets
$2,488,817
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,576,831
96.9%
Program Services $307,321
6.5%
Investment Income $1,383
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$164,278
Sales of Assets $229
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $100,000
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $449,727
15.0%
Assets/Debt
Total Assets $2,645,032
Total Liabilities $156,215
Net Assets $2,488,817
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Kent E Seton (Ceo) $100,000 $0 $0
Kevin Grigorenko (Cto) $0 $0 $0
Andrew Altshule (Secretary) $0 $0 $0
James Bullard (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,790,132
Expenses
$1,317,622
Net Income
$472,510
Net Assets
$740,182
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,749,235
97.7%
Program Services $41,119
2.3%
Investment Income $181
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$403
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $40,000
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $777,451
Total Liabilities $37,269
Net Assets $740,182
Compensation
Key Employees and Officers Compensation Related Other
Kent E Seton (Ceo; Director) $40,000 $0 $0
Kevin Grigorenko (Cto; Director) $0 $0 $0
Andrew Altshule (Secretary; Director) $0 $0 $0
James Bullard (Treasurer; Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,206,498
Expenses
$1,067,818
Net Income
$138,680
Net Assets
$267,672
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,111,603
92.1%
Program Services $94,895
7.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $269,780
Total Liabilities $2,108
Net Assets $267,672

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$266,250
Expenses
$168,091
Net Income
$98,159
Net Assets
$128,992
Notable Sources of Revenue Percent of Total Revenue
Contributions $245,414
92.2%
Program Services $20,836
7.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $128,992
Total Liabilities $0
Net Assets $128,992

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$62,427
Expenses
$75,933
Net Income
-$13,506
Net Assets
$30,834
Notable Sources of Revenue Percent of Total Revenue
Contributions $57,221
91.7%
Program Services $5,206
8.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $30,834
Total Liabilities $0
Net Assets $30,834

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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Types of Nonprofits

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