Elim Palmtrees Incorporated
- Assets
- $1.7m
- Revenue
- $8.4k
- Investments
- $1.3m
- Employees
- 0
- Location
- Plano, TX
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 37-1870759
Organization Overview
Elim Palmtrees Incorporated is located in Plano, TX. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. Elim Palmtrees Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Elim Palmtrees Incorporated has awarded 14 individual grants totaling $335,199. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO 1) SUPPORT CHRISTIAN ORGANIZATIONS LIKE DALLAS THEOLOGICAL SEMINARY, FOCUS ON THE FAMILY AND MANY OTHERS, 2) SUPPORT SOME MISSIONARIES OR PASTORS AND, 3) HELP ANY EVENTS LIKE NATURE DISASTER OR INDIVIDUALS NEED EMERGENCY HELP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING CHRISTIAN ORGANIZATIONS LIKE THE DALLAS THEOLOGICAL SEMINARY, FOCUS ON THE FAMILY AND MANY OTHERS. WE WILL ALSO SUPPORT SOME MISSIONARIES OR PASTORS. BUT THIS ORGANIZATION WILL NOT LIMIT ITSELF TO CHRISTIAN SOCIETY. WE WILL DEFINITELY DO OUR BEST TO HELP ANY EVENTS LIKE NATURAL DISASTER OR INDIVIDUALS IN NEED OF EMERGENCY HELP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ethan Wang President | OfficerTrustee | 5 | $0 |
Tianzhong Li Trustee | Trustee | 2 | $0 |
Xiaoqiang Li Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,400 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $165,075 |
| Grants and other assistance to domestic individuals. | $105,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $121,450 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,016 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $444,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,655 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,299,814 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,704,469 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,704,469 |
| Total liabilities and net assets/fund balances | $1,704,469 |
Grants Awarded
Over the last fiscal year, Elim Palmtrees Incorporated has awarded $165,075 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SILOAM PURPOSE: GENERAL ASSISTANCE | $15,000 |
BETHEL RENEWAL PURPOSE: GENERAL ASSISTANCE | $31,075 |
CHINA OUTREACH PURPOSE: GENERAL ASSISTANCE | $19,000 |
DALLAS THEOLOGICAL SEMINARY PURPOSE: GENERAL ASSISTANCE | $100,000 |