Elfers Foundation Inc
- Assets
- $0.0
- Revenue
- $657.4k
- Investments
- $11.6m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/1970
- Data as of
- 11/2020
- EIN
- 23-7090080
Organization Overview
Elfers Foundation Inc is located in Boston, MA. The organization was established in 1970. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Elfers Foundation Inc 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 11/2020, Elfers Foundation Inc generated $657.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $830.8k during the year ending 11/2020. While expenses have increased by 0.3% per year over the past 3 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 2020, Elfers Foundation Inc has awarded 19 individual grants totaling $1,297,626. 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 |
|---|---|---|---|
Deborah B Elfers President/treasurer | 5 | $0 | |
Jane Elfers Muther Director | 1 | $0 | |
William A Lowell Secretary/clerk | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $149,230 |
| Interest on Savings | $6,609 |
| Dividends & Interest | $200,682 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,837 |
| Total Revenue | $657,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $166,191 |
| Contributions, gifts, grants paid | $664,626 |
| Total expenses and disbursements | $830,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,638 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,211,029 |
| Other assets | $12,676 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Elfers Foundation Inc has awarded $633,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
West Newton, MA PURPOSE: GENERAL PURPOSE | $188,000 |
MASS GENERAL HOSPITAL (AKA MASS GENERAL BRIGHAM) PURPOSE: GENERAL PURPOSE | $150,000 |
Lakeville, CT PURPOSE: GENERAL PURPOSE | $150,000 |
MASS GENERAL NEWTON-WELLESLEY HOSPITAL PURPOSE: GENERAL PURPOSE | $145,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |