Ellen G Adelson Family Foundation
- Assets
- $8.6m
- Revenue
- $379.9k
- Investments
- $3.0m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 26-0638885
Organization Overview
Ellen G Adelson Family Foundation is located in Tulsa, OK. The organization was established in 2007. 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. Ellen G Adelson Family 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 12/2022, Ellen G Adelson Family Foundation generated $379.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $337.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,932 |
| Interest on Savings | $39,372 |
| Dividends & Interest | $260,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,931 |
| Capital Gain Net Income | $47,931 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $379,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $241 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,701 |
| Total operating and administrative expenses | $42,342 |
| Contributions, gifts, grants paid | $295,257 |
| Total expenses and disbursements | $337,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,622 |
| Savings and temporary cash investments | $5,475,167 |
| Net Accounts receivable | $2,958 |
| 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 | $3,037,662 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,561,409 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ellen G Adelson Family Foundation has awarded $295,257 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE CLEVELAND CLINIC PURPOSE: MEDICAL | $17,400 |
TULSA COMMUNITY FNDN PURPOSE: COMMUNITY WORKS | $125,000 |
THE UNIVERSITY OF TULSA PURPOSE: EDUCATION | $152,857 |