EDGAR CAYCE FOUNDATION

EIN: 540538204 501(c)(3)

VIRGINIA BEACH, VA

Total Revenue
$120,892
Total Expenses
$81,495
Total Assets
$313,141
Net Assets
$313,141
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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
VA
Principal Officer
KEVIN TODESCHI
Phone
7574283588
Tax Period
2020-01-01 to 2020-12-31

EDGAR CAYCE FOUNDATION, founded in 1948, is a small nonprofit that reported $121K in total revenue in fiscal year 2020. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $39K, a strong 33% operating margin.

Mission

TO ACT AS CUSTODIANS AND OWNER OF COPIES OF PSYCHIC READINGS GIVEN BY EDGAR CAYCE. TO INDEX, CLASSIFY, COLLATE, EXTRACT FROM AND TAKE SUCH OTHER STEPS AS WILL MAKE THE READINGS MORE READILY USABLE. TO MAKE THE READINGS AVAILABLE FOR USE, AND TO ENTER INTO AGREEMENTS FOR THEIR USE, WITH PROPERLY QUALIFIED INDIVIDUALS, ORGANIZATIONS AND CORPORATIONS. TO SECURE ADDITIONAL REPORTS ON THE READINGS FROM INDIVIDUALS FOR WHOM GIVEN, FROM PHYSICIANS, AND FROM OTHERS AS AND WHENEVER POSSIBLE.

Program Service Accomplishments

Program 1
Expenses: $81,495

2020 ACCOMPLISHMENTS:E.C.F. SWITCHED TO ARCHIVES SPACE CATALOGING SOFTWARE AND TRANSFERRED ALL DATA FROM THE PREVIOUS COLLECTIVE ACCESS DATABASE. AS IS TIED TO THE PUBLIC-FACING...

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2020 ACCOMPLISHMENTS:E.C.F. SWITCHED TO ARCHIVES SPACE CATALOGING SOFTWARE AND TRANSFERRED ALL DATA FROM THE PREVIOUS COLLECTIVE ACCESS DATABASE. AS IS TIED TO THE PUBLIC-FACING EDGARCAYCEFOUNDATION.ORG, CREATED BY OMEKA SOFTWARE FOR CULTURAL HERITAGE INSTITUTIONS. USERS CAN SEARCH THE CURRENT INVENTORY BY COLLECTION, ITEM, OR RELATED INDIVIDUAL. E.C.F. STAFF ARE PLANNING FUTURE DIGITAL EXHIBITS USING THE OMEKA PLATFORM.THE EDGAR CAYCE READINGS WERE FULLY PROCESSED AS OF DECEMBER 2020. THE ARCHIVIST WROTE AND IMPLEMENTED A 2021 ACTION PLAN, WHICH INCLUDES FINISHING PROCESSING WORK ON THE A.R.E. AND E.C.F. COLLECTIONS BY THE END OF 2021. FINDING AIDS FOR 21 COLLECTIONS ARE NOW AVAILABLE ONLINE. IN ADDITION, 11 SMALLER COLLECTIONS REMAIN TO BE PROCESSED. THE ARCHIVIST ANSWERED 84 RESEARCH REQUESTS BETWEEN APRIL AND DECEMBER 2020.THE NORTHEAST DOCUMENT CONSERVATION CENTER CLEANED, DIGITIZED, AND RETURNED HUGH LYNN CAYCE'S MYSTERIES OF THE MIND RADIO PROGRAM, BY WOR NEW YORK, RECORDED ON 2 LACQUER DISCS DATING FROM 1938. THIS AUDIO WAS USED IN A YOUTUBE PROJECT FOR THE FOUNDATION.E.C.F. CONTINUED TO EXPAND ITS OUTREACH ACTIVITIES. IT RELEASED 12 VIDEOS ON ITS YOUTUBE CHANNEL IN 2020, HIGHLIGHTING A VARIETY OF ARCHIVAL MATERIALS FROM ITS COLLECTIONS. E.C.F. MADE SOCIAL MEDIA POSTS BI-WEEKLY, CONTINUED TO CONTRIBUTE ARTICLES TO VENTURE INWARD MAGAZINE, AND PARTICIPATED IN THREE A.R.E. HQ CONFERENCES AND ONE WEBINAR IN 2020. THE ARCHIVIST PARTICIPATED IN A FINDING AID TO MY SOUL, A STORYTELLING EVENT SPONSORED BY THE SOCIETY OF AMERICAN ARCHIVISTS, IN OCTOBER 2020.E.C.F. HELPED PLAN VIRGINIA ARCHIVES MONTH AS A MEMBER OF THE WORKING GROUP. A PHOTOGRAPH OF EDGAR CAYCE WAS INCLUDED FOR THE MONTH OF MARCH IN THIS YEAR'S ARCHIVES MONTH CALENDAR, WHICH WAS SOLD BY THE LIBRARY OF VIRGINIA TO SUPPORT AN EMERGENCY FUND FOR ARCHIVISTS IN FINANCIAL NEED. THE ARCHIVIST HELPED TO REVISE THE GUIDELINES FOR GRADUATE ARCHIVAL EDUCATION AS A COMMITTEE MEMBER FOR THE SOCIETY OF AMERICAN ARCHIVISTS.E.C.F.'S SOLIDIFIED WRITTEN POLICIES AND PROCEDURES, INCLUDING RESEARCHER AGREEMENTS AND GUIDELINES FOR USE OF ITS COLLECTIONS, ARE NOW ONLINE AT EDGARCAYCEFOUNDATION.ORG. THE ARCHIVE FOLLOWS THE SOCIETY OF AMERICAN ARCHIVIST'S PROFESSIONAL GUIDELINES AND CODE OF ETHICS. ONE OF THE MAIN GOALS OF THE ARCHIVES PROJECT IS TO KEEP IN ALIGNMENT WITH HOW THE FOUNDERS, EDGAR EVANS CAYCE, HUGH LYNN CAYCE, AND GLADYS DAVIS, SET UP THE FOUNDATION. THE ABOVE MENTIONED FIRST STEPS WILL SET THE ARCHIVE UP FOR THE NEXT PHASE OF PROCESSING THE VARIOUS COLLECTIONS WITHIN THE ARCHIVE AND PREPARING MATERIALS DIGITALLY FOR A CONTENT MANAGEMENT SYSTEM. THE OVERALL PROJECT GOAL IS TO HAVE THE PHYSICAL COLLECTION IN COMPLETE COLLABORATION WITH THE DIGITAL ASPECT OF THE COLLECTION. THE VARIOUS PHASES THAT WILL BRING THIS PROJECT TO COMPLETION MAY TAKE YEARS AND WE ARE DEDICATED TO PRESERVING THE HISTORY OF THE EDGAR CAYCE WORK IN THE BEST WAY POSSIBLE. THIS ASSESSMENT COULD NOT HAVE HAPPENED WITHOUT THE SUPPORT OF SEVERAL CONTRIBUTIONS. WE ARE SO GRATEFUL AND APPRECIATIVE FOR THE CONTINUED SUPPORT.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $120,450
Program Service Revenue $0
Investment Income $-901
Other Revenue $1,343
TOTAL REVENUE $120,892

Expense Breakdown

Grants Paid $0
Salaries & Benefits $63,325
Fundraising Expenses $0
Program Expenses $81,495
Other Expenses $18,170
TOTAL EXPENSES $81,495

Year-over-Year Comparison

2020 2019 Change
Revenue $120,892 $134,603 -0.1%
Expenses $81,495 $93,481 -0.1%
Net Income $39,397 $41,122 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$165,748
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN TODESCHI EXECUTIVE DIRECTOR/CEO 0.50
Officer
$0 $27,482 $165,748
LORA LITTLE TRUSTEE, BOARD CHAIR 1.25
Director
$0 $0 $0
GORGIANA ALONZO TRUSTEE 1.25
Director
$0 $0 $0
LESLIE CAYCE TRUSTEE 1.25
Director
$0 $0 $0
BERNIE COOMES TRUSTEE 1.25
Director
$0 $0 $0
DAN DEMAR TRUSTEE 1.25
Director
$0 $0 $0
VIRDELLA DENWIDDIE TRUSTEE 1.25
Director
$0 $0 $0
SHARON JAMES FAZEL TRUSTEE 1.25
Director
$0 $0 $0
DOUG KNUEVEN TRUSTEE 1.25
Director
$0 $0 $0
PENNY SANCHEZ TRUSTEE 1.25
Director
$0 $0 $0
MARIANNE SPLENDA TRUSTEE 1.25
Director
$0 $0 $0
DIANNE STANFORD TRUSTEE 1.25
Director
$0 $0 $0
ARTHUR P STRICKLAND TRUSTEE 1.25
Director
$0 $0 $0
MARK THURSON TRUSTEE 1.25
Director
$0 $0 $0
LOU UMSCHEID TRUSTEE 1.25
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2020 $120,892 $81,495 $313,141 $39,397
2019 $134,603 $93,481 $273,041 $41,122
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