St Elmo Foundation
- Assets
- $3.2m
- Revenue
- $209.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Pearl River, NY
- Founding
- 06/1991
- Data as of
- 12/2023
- EIN
- 13-6170013
Organization Overview
St Elmo Foundation is located in Pearl River, NY. The organization was established in 1991. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Elmo Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, St Elmo Foundation generated $209.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $268.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, St Elmo Foundation has awarded 17 individual grants totaling $1,090,503. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO AID, ENCOURAGE, PROMOTE AND CONTRIBUTE TO THE LEARNING, EDUCATION AND WELFARE OF STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO AID, ENCOURAGE, PROMOTE AND CONTRIBUTE TO THE LEARNING, EDUCATION AND WELFARE OF STUDENTS. THIS IS DONE BY PROVIDING GIFTS, LOANS, FACILITIES, OPPORTUNITIES, ETC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Klestadt Trustee | Trustee | 1 | $0 |
Gregory E Mcelroy Executive Dr | Trustee | 5 | $0 |
Roger Mike Trustee | Trustee | 1 | $0 |
Clifford Moodie Trustee | Trustee | 1 | $0 |
Paul N Leitner President Pres/trustee | Trustee | 3 | $0 |
Joseph Scognamiglio Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,962 |
| Total Program Service Revenue | $0 |
| Investment income | $95,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,449 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,622 |
| Grants and other assistance to domestic individuals. | $27,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $18,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,500 |
| Fees for services: Investment Management | $23,282 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,854 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,782 |
| All other expenses | $0 |
| Total functional expenses | $268,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,512 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,047,072 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,033 |
| Total assets | $3,174,617 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,693,321 |
| Net assets with donor restrictions | $481,296 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,174,617 |
Grants Awarded
Over the last fiscal year, St Elmo Foundation has awarded $133,622 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LAMBDA EDUCATIONAL GRANT | | | $66,722 |
NOTTINGHAM GRANT | | | $10,500 |
DELTA PHI FRATERNITY PURPOSE: LEADERSHIP TRAINING | $56,400 |