Gail G Ellis Foundation Inc
- Assets
- $11.9m
- Revenue
- $520.3k
- Investments
- $11.7m
- Employees
- 0
- Location
- Bannockburn, IL
- Founding
- 06/1996
- Data as of
- 12/2022
- EIN
- 36-4076867
Organization Overview
Gail G Ellis Foundation Inc is located in Bannockburn, IL. The organization was established in 1996. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gail G Ellis 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 12/2022, Gail G Ellis Foundation Inc generated $520.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gail G Ellis Foundation Inc has awarded 1,118 individual grants totaling $5,377,480. 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 |
|---|---|---|---|
Gail G Ellis Director | 0 | $0 | |
Brian C Sullivan Director | 0 | $0 | |
Carrie E Sullivan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47,355 |
| Dividends & Interest | $77,444 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $108,243 |
| Capital Gain Net Income | $108,243 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $287,245 |
| Total Revenue | $520,287 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11,152 |
| Taxes | $32,113 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $302,836 |
| Total operating and administrative expenses | $349,951 |
| Contributions, gifts, grants paid | $718,000 |
| Total expenses and disbursements | $1,067,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $228,923 |
| 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 | $11,682,740 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,911,663 |
| 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, Gail G Ellis Foundation Inc has awarded $718,000 in support to 136 organizations.
| Grant Recipient | Amount |
|---|---|
AASH PURPOSE: PUBLIC CHARITY | $1,000 |
ABILITYFIRST PURPOSE: PUBLIC CHARITY | $4,000 |
ACADEMY OF ST JOAN OF ARC PURPOSE: PUBLIC CHARITY | $1,000 |
AIM FOR MENTAL HEALTH PURPOSE: PUBLIC CHARITY | $1,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: PUBLIC CHARITY | $3,000 |
AM LUNG ASSOCIATION PURPOSE: PUBLIC CHARITY | $1,000 |