Overview
What is Edward Charles Foundation?
The Edward Charles Foundation is a California-based nonprofit organization with a mission to serve as a fiscal sponsor for various charitable initiatives. Their primary endeavor, known as the Starlink Initiative, aims to bridge the digital divide by providing satellite broadband connectivity to under-connected and unconnected communities around the world. With a team of 37 employees, they are dedicated to making a difference by supporting and funding charitable projects that align with their mission.
Official website here: www.edwardcharlesfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
The Edward Charles Foundation has received a Three-Star rating from Charity Navigator, indicating a strong emphasis on accountability and finance. The foundation scored 87%, reflecting its commitment to transparency and responsible financial management. This rating is particularly significant as it is based solely on the Accountability & Finance beacon, showcasing the organization's dedication to maintaining high standards in these areas.
The foundation demonstrates impressive governance and operational practices. Key strengths include a majority of independent board members, no material diversion of assets, and comprehensive policies regarding conflicts of interest and whistleblower protections. Additionally, the foundation's program expense ratio stands at an impressive 95.73%, indicating that a significant portion of its resources is directed towards its programs and mission.
While the foundation shows strong financial stewardship, potential donors might consider the limited scope of the rating, which focuses exclusively on accountability and financial metrics. As a result, while the financial aspects are well-managed, other factors such as program effectiveness and community impact are not assessed in this rating.
This AI summary has been generated from information found on Charity Navigator.
Is Edward Charles Foundation legitimate?
Edward Charles Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edward Charles Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,188,625
For more financial information, click here
Official website here: www.edwardcharlesfoundation.org
What is the mission statement of Edward Charles Foundation?
The Edward Charles Foundation functions as a fiscal sponsor, supporting various charitable initiatives. One of its endeavors, Starlink Initiative, aims to bridge the gap for under-connected and unconnected individuals across the globe. Through satellite broadband connectivity, this initiative brings essential digital resources to those in need, enhancing their access to opportunities and improving their overall quality of life.
Official website here: www.edwardcharlesfoundation.org
Who is the CEO of Edward Charles Foundation?
Kent Seton is the Ceo of Edward Charles Foundation. The CEO's salary of Edward Charles Foundation is $0 and their total compensation is $0.
Official website here: www.edwardcharlesfoundation.org
What is the revenue of Edward Charles Foundation?
Edward Charles Foundation's revenue in 2023 was $39,861,685.
Official website here: www.edwardcharlesfoundation.org
Who are the executives of Edward Charles Foundation and what are their salaries?
The average compensation at Edward Charles Foundation during 2023 was $86,179. There are 37 employees at Edward Charles Foundation.
Here are 4 key members and their salaries (Edward Charles Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.edwardcharlesfoundation.org
Where can I find the form 990 for Edward Charles Foundation?
Edward Charles Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.edwardcharlesfoundation.org
Learn more at the official website: www.edwardcharlesfoundation.org
Mission Statement of Edward Charles Foundation
The Edward Charles Foundation serves as a fiscal sponsor for numerous charitable initiatives. In simpler terms, it provides financial and administrative support to various projects, enabling them to operate efficiently and focus on their missions. The Foundation's primary role is to act as a catalyst, facilitating the growth and success of these initiatives.
One of the initiatives the Edward Charles Foundation supports is the Starlink Initiative. This ambitious endeavor aims to bridge the digital divide by bringing satellite broadband connectivity to underserved communities around the world. By connecting the unconnected and under-connected, Starlink aspires to provide access to essential information, education, and communication tools, empowering individuals and communities to thrive in today's interconnected world. The Foundation's backing plays a crucial role in making this vision a reality.
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Impact
August, 2024
The Edward Charles Foundation's impact lies in its initiative, the Starlink Initiative, which aims to connect the un-connected and under-connected people around the globe by bringing the benefits of satellite broadband connectivity to those in need. Their mission, acting as a fiscal sponsor for various charitable initiatives, highlights their commitment to supporting human services and bridging the digital divide for marginalized communities. The foundation's work has the potential to significantly improve access to vital resources and opportunities for individuals who lack adequate connectivity, thereby making a tangible difference in the lives of many.
This information is meant to be a general summary of Edward Charles Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $20,135
- Program Service Revenue: $1,333,987
- Gross Receipts: $42,972,392
Assets and Liabilities:
- Total Assets: $35,857,794
- Total Liabilities: $1,738,776
- Net Assets: $34,119,018
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$1,333,987
Organization Details
Founding Year
2009
Phone
(310) 557-1923Principal Officer
Kent Seton
Main Address
269 SOUTH BEVERLY DRIVE 338, BEVERLY HILLS, CA, 90212
NTEE Category
Code: P99 - Human services
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