Elm Foundation
- Assets
- $1.1m
- Revenue
- $405.4k
- Investments
- $347.4k
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 46-0921239
Organization Overview
Elm Foundation is located in Huntsville, AL. The organization was established in 2013. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Elm 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, Elm Foundation generated $405.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $315.7k during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Elm Foundation has awarded 279 individual grants totaling $923,321. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT - RECIPIENTS RECEIVED TUITION AND BOOK ASSISTANCE AS WELL AS WORK RELATED TRAINING
EDUCATION GRANTS - MAY BE USED TO FUND GAPS FOR DEGREE PROGRAMS AT TWO AND FOUR YEAR COLLEGES AND TRADE CERTIFICATION. MAY BE USED TO FUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Anthony Nolan III Board Chair | 2 | $0 | |
Ryan John Lindow Board President | 2 | $0 | |
Jennie Robinson Secretary | 2 | $0 | |
Aaron Biggs Treasurer | 2 | $0 | |
Helen Conway Nolan Vice President | 2 | $0 | |
Donna Messervy Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $393,269 |
| Interest on Savings | $863 |
| Dividends & Interest | $8,833 |
| Net Rental Income | $0 |
| 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 | $2,416 |
| Total Revenue | $405,381 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $164,261 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,797 |
| Depreciation | $0 |
| Occupancy | $29,325 |
| Travel, conferences, and meetings | $596 |
| Printing and publications | $328 |
| Other expenses | $39,510 |
| Total operating and administrative expenses | $254,217 |
| Contributions, gifts, grants paid | $61,500 |
| Total expenses and disbursements | $315,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $712,858 |
| 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 | $2,231 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,062,474 |
| 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 | $2,975 |
| Total liabilities | $2,975 |
Grants Awarded
Over the last fiscal year, Elm Foundation has awarded $61,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
PRICILLA AROR PURPOSE: EDUCATION ASSISTANCE | $4,600 |
ENIKO KIS PURPOSE: EDUCATIONALASSISTANCE | $1,818 |
BOLOU TAGRO CYRILLE PURPOSE: EDUCATIONALASSISTANCE | $9,629 |
CHRIS ANDREW LEWIS PURPOSE: EDUCATIONALASSISTANCE | $4,900 |
SPENCER MINTON PURPOSE: EDUCATIONALASSISTANCE | $3,000 |
JENNIFER ALSTON PURPOSE: EDUCATIONAL ASSISTANCE | $5,815 |