Ea Foundation
- Assets
- $13.1m
- Revenue
- $764.9k
- Investments
- $12.7m
- Employees
- 0
- Location
- Niles, IL
- Founding
- 02/1995
- Data as of
- 06/2024
- EIN
- 36-3978801
Organization Overview
Ea Foundation is located in Niles, IL. The organization was established in 1995. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, 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. Ea 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 06/2024, Ea Foundation generated $764.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $772.2k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Ea Foundation has awarded 48 individual grants totaling $2,533,000. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL, RESTORATIVE, SOCIAL AND SUPPORTIVE SERVICES FOR THE ELDERLY IN A DAY-CARE TYPE FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICAL, RESTORATIVE, SOCIAL AND SUPPORTIVE CARE TO THE FRAIL ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Consolo President | 8 | $50,000 | |
Edward V Novak Treasurer | 1 | $0 | |
Anthony J Novak Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,070 |
| Dividends & Interest | $371,899 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $386,889 |
| Capital Gain Net Income | $386,889 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $764,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,370 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $921 |
| Total operating and administrative expenses | $142,207 |
| Contributions, gifts, grants paid | $630,000 |
| Total expenses and disbursements | $772,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,514 |
| 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 | $420,862 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,081,195 |
| 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, Ea Foundation has awarded $630,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S RESEARCH TRIANGLE PURPOSE: INCREASE QUALITY OF AND ACCESS TO MENTAL HEALTH CARE SERVICES FOR YOUTH AND YOUNG ADULTS | $115,000 |
CHICAGO CHILDREN'S ADVOCACY CENTER PURPOSE: INCREASE QUALITY OF AND ACCESS TO MENTAL HEALTH CARE SERVICES FOR YOUTH AND YOUNG ADULTS | $7,500 |
ERIKA'S LIGHTHOUSE PURPOSE: INCREASE QUALITY OF AND ACCESS TO MENTAL HEALTH CARE SERVICES FOR YOUTH AND YOUNG ADULTS | $10,000 |
FOSTER PROGRESS PURPOSE: INCREASE QUALITY OF AND ACCESS TO MENTAL HEALTH CARE SERVICES FOR YOUTH AND YOUNG ADULTS | $20,000 |
HEPHZIBAH PURPOSE: INCREASE QUALITY OF AND ACCESS TO MENTAL HEALTH CARE SERVICES FOR YOUTH AND YOUNG ADULTS | $15,000 |
IGNITE PURPOSE: INCREASE QUALITY OF AND ACCESS TO MENTAL HEALTH CARE SERVICES FOR YOUTH AND YOUNG ADULTS | $120,000 |