Elsa M Heisel Sule Charitable Trust
- Assets
- $26.8m
- Revenue
- $2.2m
- Investments
- $26.2m
- Employees
- 0
- Location
- Ft Mitchell, KY
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 20-7277661
Organization Overview
Elsa M Heisel Sule Charitable Trust is located in Ft Mitchell, KY. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. Elsa M Heisel Sule Charitable Trust 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 12/2021, Elsa M Heisel Sule Charitable Trust generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Elsa M Heisel Sule Charitable Trust has awarded 532 individual grants totaling $5,834,617. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Klette Trustee | 50 | $256,755 | |
Jordan Klette-Cusher Foundation Mgr. | 40 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $40,274 |
| Dividends & Interest | $977,268 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,162,686 |
| Capital Gain Net Income | $1,162,686 |
| Net ST Capital Gain | $59,815 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,180,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $316,755 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,479 |
| Depreciation | $308 |
| Occupancy | $15,071 |
| Travel, conferences, and meetings | $3,425 |
| Printing and publications | $0 |
| Other expenses | $48,764 |
| Total operating and administrative expenses | $472,232 |
| Contributions, gifts, grants paid | $1,132,290 |
| Total expenses and disbursements | $1,604,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,117 |
| Savings and temporary cash investments | $496,120 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,485 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,572,176 |
| Net Land, buildings, and equipment | $771 |
| Other assets | $0 |
| Total assets | $26,794,910 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2 |
| Total liabilities | $2 |
Grants Awarded
Over the last fiscal year, Elsa M Heisel Sule Charitable Trust has awarded $1,132,290 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: SCHOLARSHIPS | $56,000 |
Highland Heights, KY PURPOSE: PROVIDE SCHOLARSHIPS AND SPONSOR A VISUAL ARTS EVENT | $42,500 |
Cincinnati, OH PURPOSE: SCHOLARSHIP FUNDING | $42,000 |
URSULINE ACADEMY OF CINCINNATI PURPOSE: SCHOLARSHIPS | $40,000 |
UC FOUNDATION PURPOSE: SCHOLARSHIP | $40,000 |
Loveland, OH PURPOSE: PROGRAM SUPPORT | $31,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |