Elliot Foundation Inc
- Assets
- $32.1m
- Revenue
- $15.9m
- Investments
- $31.9m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 11/2009
- Data as of
- 12/2023
- EIN
- 26-2253829
Organization Overview
Elliot Foundation Inc is located in Charleston, WV. The organization was established in 2009. 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. Elliot 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 12/2023, Elliot Foundation Inc generated $15.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $99.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Elliot Foundation Inc has awarded 23 individual grants totaling $2,097,376. 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 |
|---|---|---|---|
John R Elliot Director/president | 1 | $0 | |
Fonda J Elliot Director/vice President | 1 | $0 | |
Andrew M Elliot Director/secretary/treasur | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,639,348 |
| Interest on Savings | $1,461 |
| Dividends & Interest | $383,544 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$159,878 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,864,475 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $65,697 |
| Total operating and administrative expenses | $70,980 |
| Contributions, gifts, grants paid | $28,000 |
| Total expenses and disbursements | $98,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $289,441 |
| Net Accounts receivable | $1,780 |
| 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 | $32,149,013 |
| Accounts payable and accrued expenses | $486 |
| 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 | $486 |
Grants Awarded
Over the last fiscal year, Elliot Foundation Inc has awarded $28,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
READ-A-LOUD WV PURPOSE: SUPPORT | $5,000 |
YMCA OF KANAWHA VALLEY PURPOSE: SUPPORT | $10,000 |
UNITED WAY OF CENTRAL WV PURPOSE: SUPPORT | $10,000 |
YWCA CHARLESTON PURPOSE: SUPPORT | $3,000 |