Denny And Candy Elwell Foundation
- Assets
- $2.8m
- Revenue
- $986.0k
- Investments
- $2.0m
- Employees
- 0
- Location
- Ankeny, IA
- Founding
- 07/1988
- Data as of
- 12/2023
- EIN
- 42-1298057
Organization Overview
Denny And Candy Elwell Foundation is located in Ankeny, IA. The organization was established in 1988. 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. Denny And Candy Elwell 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 12/2023, Denny And Candy Elwell Foundation generated $986.0k in total revenue. All expenses for the organization totaled $223.9k during the year ending 12/2023.
Since 2017, Denny And Candy Elwell Foundation has awarded 153 individual grants totaling $818,550. 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 |
|---|---|---|---|
Dennis L Elwell Pres & Director | 0.25 | $0 | |
Candy Elwell Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $870,177 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,475 |
| Net Rental Income | $51,347 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $986,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,978 |
| Depreciation | $12,587 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,117 |
| Total operating and administrative expenses | $45,937 |
| Contributions, gifts, grants paid | $178,000 |
| Total expenses and disbursements | $223,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,258 |
| Savings and temporary cash investments | $9,845 |
| 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 | $725,675 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,761,756 |
| 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 | $8,185 |
| Total liabilities | $8,185 |
Grants Awarded
Over the last fiscal year, Denny And Candy Elwell Foundation has awarded $178,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCATION PURPOSE: GENERAL FUND | $10,000 |
ABUNDANT LIFE CHURCH PURPOSE: GENERAL FUND | $500 |
ANIMAL RESCUE LEAGUE OF IOWA INC PURPOSE: GENERAL FUND | $5,000 |
ANKENY AFTER PROM INC PURPOSE: GENERAL FUND | $1,000 |
ANKENY AMERICAN LEGION PURPOSE: GENERAL FUND | $1,000 |
ANKENY ART CENTER PURPOSE: GENERAL FUND | $2,500 |