Elohim Foundation
- Assets
- $2.4m
- Revenue
- $450.7k
- Investments
- $567.4k
- Employees
- 0
- Location
- Hoover, AL
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 32-0425131
Organization Overview
Elohim Foundation is located in Hoover, AL. The organization was established in 2014. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elohim 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 12/2021, Elohim Foundation generated $450.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $125.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elohim Foundation has awarded 60 individual grants totaling $210,500. 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 |
|---|---|---|---|
Wayne B Nelson IV Treasurer | 0 | $0 | |
Cheryl N Nelson Vice President & Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,662 |
| 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 | $198,027 |
| Total Revenue | $450,689 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,092 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,992 |
| Contributions, gifts, grants paid | $110,500 |
| Total expenses and disbursements | $125,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,788,324 |
| Savings and temporary cash investments | $0 |
| 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 | $567,400 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,355,724 |
| 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, Elohim Foundation has awarded $110,500 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY PURPOSE: ENGINEERING SCHOLARSHIPS | $35,000 |
Birmingham, AL PURPOSE: PROGRAM SUPPORT | $11,000 |
Charlottesville, VA PURPOSE: PROGRAM SUPPORT | $10,000 |
UNITED WAY PURPOSE: PROGRAM SUPPORT | $10,000 |
REDEEMER CITY TO CITY PURPOSE: PROGRAM SUPPORT | $7,500 |
San Antonio, TX PURPOSE: PROGRAM SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi State University Foundation Inc Mississippi State, MS | $560,789,333 | $59,624,907 |
Trustbridge Inc West Palm Beach, FL | $246,958,049 | $48,624,490 |
Empath Health Inc Clearwater, FL | $161,550,445 | $45,488,843 |
Youth Villages Foundation Inc Memphis, TN | $339,159,403 | $27,952,778 |
Arnies Army Charitable Events Foundation Inc Orlando, FL | $24,420,608 | $35,690,094 |
Hospice Of Chattanooga Foundation Chattanooga, TN | $0 | $886,666 |
Morselife Foundation Inc West Palm Beach, FL | $49,056,952 | $14,295,083 |
Trustbridge Foundation Inc West Palm Beach, FL | $165,141,180 | $27,715,967 |
Family Allies Inc Rockledge, FL | $2,052,888 | $5,472,573 |
The Hospice Foundation Of Martin & St Lucie Inc Stuart, FL | $38,872,394 | $6,423,921 |
Sos Childrens Villages Florida Inc Coconut Creek, FL | $5,627,775 | $5,841,080 |
Sheriffs Ranches Enterprises Inc Boys Ranch, FL | $1,230,660 | $4,068,193 |