Ea Foundation
- Assets
- $12.0m
- Revenue
- $2.4m
- Investments
- $11.1m
- Employees
- 0
- Location
- Park Ridge, IL
- Founding
- 02/1995
- Data as of
- 06/2022
- EIN
- 36-3978801
Organization Overview
Ea Foundation is located in Park Ridge, 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 06/2022, Ea Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 64.8% each year . All expenses for the organization totaled $827.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Ea Foundation has awarded 11 individual grants totaling $704,000. 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
2022
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 |
|---|---|---|---|
Anthony J Novak Director | 1 | $0 | |
Linda Consolo President | 8 | $0 | |
Edward V Novak Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $212 |
| Dividends & Interest | $197,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,242,320 |
| Capital Gain Net Income | $2,242,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,440,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,659 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,300 |
| Total operating and administrative expenses | $123,517 |
| Contributions, gifts, grants paid | $704,000 |
| Total expenses and disbursements | $827,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $851,962 |
| 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 | $572,812 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,970,412 |
| 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 $704,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
RINCON FAMILY SERVICES PURPOSE: INCREASE QUALITY OF AND ACCESS TO MENTAL HEALTH CARE SERVICES FOR YOUTH AND YOUNG ADULTS. | $100,000 |
Chicago, IL PURPOSE: INCREASE QUALITY OF AND ACCESS TO MENTAL HEALTH CARE SERVICES FOR YOUTH AND YOUNG ADULTS. | $100,000 |
PRIMO CENTER PURPOSE: INCREASE QUALITY OF AND ACCESS TO MENTAL HEALTH CARE SERVICES FOR YOUTH AND YOUNG ADULTS. | $84,000 |
IGNITE PURPOSE: INCREASE QUALITY OF AND ACCESS TO MENTAL HEALTH CARE SERVICES FOR YOUTH AND YOUNG ADULTS. | $80,000 |
Chicago, IL PURPOSE: INCREASE QUALITY OF AND ACCESS TO MENTAL HEALTH CARE SERVICES FOR YOUTH AND YOUNG ADULTS. | $75,000 |
Chicago, IL PURPOSE: INCREASE QUALITY OF AND ACCESS TO MENTAL HEALTH CARE SERVICES FOR YOUTH AND YOUNG ADULTS. | $70,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ea Foundation has recieved totaling $84,220.
| Awarding Organization | Amount |
|---|---|
Dorothy Boone Fund Dallas, TX PURPOSE: EDUCATIONAL & RESEARCH FDN | $76,505 |
John P Mcgovern Foundation Houston, TX PURPOSE: JOHN P. MCGOVERN AWARD IN HEALTH EDUCATION | $7,700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wesley Retirement Services Inc Johnston, IA | $293,962,808 | $95,958,203 |
John Knox Village Lees Summit, MO | $177,748,432 | $73,269,206 |
Bhi Senior Living Inc Indianapolis, IN | $339,336,234 | $58,133,040 |
Evangelical Retirement Homes Of Greater Chicago Inc Schaumburg, IL | $118,730,594 | $50,606,372 |
Northwest Senior Housing Corporation West Des Moines, IA | $270,336,764 | $32,213,860 |
Friendship Village Of South County St Louis, MO | $305,494,367 | $44,131,100 |
Westminster Place Skokie, IL | $182,178,492 | $52,629,368 |
Council For Jewish Elderly Chicago, IL | $47,075,141 | $58,056,888 |
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |