Elkhart Chamber Foundation Inc
- Assets
- $217.6k
- Revenue
- $85.2k
- Investments
- $189.1k
- Employees
- 0
- Location
- Elkhart, IN
- Founding
- 12/1984
- Data as of
- 08/2023
- EIN
- 35-1612912
Organization Overview
Elkhart Chamber Foundation Inc is located in Elkhart, IN. The organization was established in 1984. 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. Elkhart Chamber 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 08/2023, Elkhart Chamber Foundation Inc generated $85.2k in total revenue. All expenses for the organization totaled $55.1k during the year ending 08/2023. While expenses have increased by 20.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
Rhett Fisher Chairman | 0.05 | $0 | |
Cedric Waters Vice Chair | 0.05 | $0 | |
Robert Deputy Treasurer Until 6/2023 | 0.05 | $0 | |
Levon Johnson Secretary And Treasurer | 0.05 | $0 | |
Jan Farron Director | 0.05 | $0 | |
John Gildea Director Until 6/2023 | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $79,899 |
| Interest on Savings | $4,220 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,052 |
| Capital Gain Net Income | $1,052 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,171 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,442 |
| Contributions, gifts, grants paid | $50,613 |
| Total expenses and disbursements | $55,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143 |
| Savings and temporary cash investments | $28,343 |
| 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 | $189,095 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $217,581 |
| 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, Elkhart Chamber Foundation Inc has awarded $12,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IVY TECH SCHOLARSHIP FUND PURPOSE: CHARITABLE | $10,000 |
YOUNG ENTREPRENEURS ACADEMY (YEA) PURPOSE: CHARITABLE | $2,500 |