Edison Festival of Light Inc

Nonprofit profile at a glance

EIN
650118122
IRS 990-EZ coverage
2014–2024
Forms available
Form 990 2016, Form 990-EZ 2024
Location
Fort Myers, FL, USA
Phone
2393342999
Rating
43
Verdict
MIXED
Rating confidence
Moderate
Sector
Community Celebrations

Reported finances

Revenue
$175,849
Expenses
$165,794
Assets
$126,326
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

People named in this filing

  • ALISON GLASSMAN (DIR)
  • AMANDA HEIDT (DIR)
  • BEN SISK (TR/DIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To educate the public about the contributions made by thomas alva edison through community activities and showcasing his many inventions.

What it reported doing in 2024

Children's events - these events include a science and inventors fair for over 500 elementary, middle, and high school students in a five county area. The fairs emphasize edison's history of contributions to science through his many inventions. Winners of the science fairs qualifty for a state competition. There is a junior parade that draws more than 6,000 participants and parents and children are encouraged to design and build their own floats for the junior parade. No entrance fees are charged for children, their families or the public. There is also a junior coronation of the junior parade winner.

Operating model

Revenue model
Donor-supported. 62% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 54
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 5.7%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 0.76; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -36.5% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -1.5% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: -4.6% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.