El-Erian Family Foundation
- Assets
- $7.4m
- Revenue
- $357.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2010
- Data as of
- 12/2023
- EIN
- 26-2935065
Organization Overview
El-Erian Family Foundation is located in Wilmington, DE. The organization was established in 2010. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El-Erian 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 12/2023, El-Erian Family Foundation generated $357.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 74.2% each year . All expenses for the organization totaled $314.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie W El-Erian Pres, Dir, Sec | 1 | $0 | |
Mohamed El-Erian Pres, Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $357,318 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $357,318 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,506 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,219 |
| Total operating and administrative expenses | $14,725 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $314,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,355,509 |
| 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 | $7,355,509 |
| 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, El-Erian Family Foundation has awarded $470,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CAMBRIDGE IN AMERICA PURPOSE: STEPHEN TOOPE STUDENTSHIPS AT THE UNIVERSITY OF CAMBRIDGE | $120,000 |
EGYPT CANCER NETWORK 57357 AND AFNCI INC PURPOSE: GENERAL & UNRESTRICTED | $150,000 |
CAMBRIDGE IN AMERICA PURPOSE: GENERAL & UNRESTRICTED | $200,000 |