Elster Forbes Foundation
- Assets
- $6.8m
- Revenue
- $178.2k
- Investments
- $6.3m
- Employees
- 0
- Location
- Ballwin, MO
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 32-0566645
Organization Overview
Elster Forbes Foundation is located in Ballwin, MO. The organization was established in 2019. According to its NTEE Classification (F12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elster Forbes 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, Elster Forbes Foundation generated $178.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $295.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elster Forbes Foundation has awarded 55 individual grants totaling $2,145,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanine J Elster Director Chair | 10 | $0 | |
Patricia Forbes Vice Chair | 1 | $0 | |
Allen D Elster Sec Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,961 |
| Dividends & Interest | $198,954 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$45,694 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $178,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,501 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,501 |
| Contributions, gifts, grants paid | $287,500 |
| Total expenses and disbursements | $295,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,415 |
| Savings and temporary cash investments | $303,015 |
| 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 | $6,773,585 |
| 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, Elster Forbes Foundation has awarded $287,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LITERACY TOGETHER PURPOSE: FULFILL ITS EDUCATIONAL MISSION | $2,500 |
UNICEF PURPOSE: HELP FULFILL ITS CHARITABLE MISSIONS | $50,000 |
CURE ALZHEIMER FUND PURPOSE: HELP FULFILL ITS CHARITABLE MISSIONS | $50,000 |
MENTAL HEALTH AMERICA PURPOSE: HELP FULFILL ITS CHARITABLE MISSIONS | $50,000 |
FEEDING AMERICA PURPOSE: HELP FULFILL ITS CHARITABLE MISSIONS | $50,000 |
NOT ONE MORE VET PURPOSE: HELP FULFILL ITS CHARITABLE MISSIONS | $30,000 |