Elizabeth B Ellis Foundation Trust
- Assets
- $2.8m
- Revenue
- $372.8k
- Investments
- $2.5m
- Employees
- 0
- Location
- Norristown, PA
- Founding
- 12/1986
- Data as of
- 05/2024
- EIN
- 23-6851809
Organization Overview
Elizabeth B Ellis Foundation Trust is located in Norristown, PA. The organization was established in 1986. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth B Ellis Foundation 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 05/2024, Elizabeth B Ellis Foundation Trust generated $372.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 44.2% each year . All expenses for the organization totaled $255.1k during the year ending 05/2024. While expenses have increased by 1.4% per year over the past 9 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 2016, Elizabeth B Ellis Foundation Trust has awarded 103 individual grants totaling $1,686,500. 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 |
|---|---|---|---|
Amy Sosnov Trustee | 4 | $21,244 | |
Lynne A Tsvetkov Trustee | 0 | $0 | |
William Allenco Wells Fargo Trustee | 2 | $21,244 | |
Sergei Tsvetkov Trustee | 0.5 | $21,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $106 |
| Dividends & Interest | $48,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $323,741 |
| Capital Gain Net Income | $323,741 |
| Net ST Capital Gain | $17,567 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $372,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,732 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,420 |
| Total operating and administrative expenses | $109,119 |
| Contributions, gifts, grants paid | $146,000 |
| Total expenses and disbursements | $255,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,909 |
| Savings and temporary cash investments | $203,647 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,771,119 |
| Accounts payable and accrued expenses | $22,523 |
| 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 | $2,543 |
| Total liabilities | $25,066 |
Grants Awarded
Over the last fiscal year, Elizabeth B Ellis Foundation Trust has awarded $146,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SWEDISH HISTORICAL MUSEUM PURPOSE: GENERAL OPERATING PURPOSES | $100,000 |
THE CHAMBER OF ORCHESTRA OF PHILADE PURPOSE: GENERAL OPERATIONS | $10,000 |
SCHULTZ HILL FOUNDATION PURPOSE: GENERAL OPERATIONS | $1,500 |
THE METROPOLITAN BUSINESS CITIZENS PURPOSE: GENERAL OPERATIONS | $1,000 |
HAWS AVE UNITED METHODIST CHURCH PURPOSE: GENERAL OPERATIONS | $4,000 |
BOSTON UNIVERSITY PURPOSE: GENERAL OPERATIONS | $17,500 |