Elling O Eide Charitable Foundation Inc
- Assets
- $66.4m
- Revenue
- $1.6m
- Investments
- $18.1m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-1488932
Organization Overview
Elling O Eide Charitable Foundation Inc is located in Sarasota, FL. The organization was established in 2014. 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. Elling O Eide Charitable 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 12/2021, Elling O Eide Charitable Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 8.2% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH LIBRARY DEDICATED TO THE STUDY OF CLASSICAL CHINESE LITERATURE AND ART.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold G Mitchell Managing Director/presiden | 40 | $114,764 | |
Georgia L Hudson Director Of Operatio | 40 | $76,320 | |
David Moulton Maintenance Manager | 40 | $68,079 | |
Zhao Liu Librarian | 40 | $50,875 | |
Thomas Buchter Vice President | 3 | $18,000 | |
Cynthia L Chennault Director | 2 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dean Thompson Inc | 12/30/21 | $145,170 |
Precision Marine Construction | 12/30/21 | $58,819 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,025 |
| Interest on Savings | $0 |
| Dividends & Interest | $477,976 |
| Net Rental Income | $184,667 |
| Net Gain on Sale of Assets | $867,436 |
| Capital Gain Net Income | $867,436 |
| Net ST Capital Gain | $50,329 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $104 |
| Total Revenue | $1,556,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $192,764 |
| Other employee salaries and wages | $321,824 |
| Pension plans, employee benefits | $75,116 |
| Interest | $0 |
| Taxes | $53,081 |
| Depreciation | $386,170 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,593 |
| Printing and publications | $51 |
| Other expenses | $386,161 |
| Total operating and administrative expenses | $1,612,065 |
| Contributions, gifts, grants paid | $5,035 |
| Total expenses and disbursements | $1,617,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,600 |
| Savings and temporary cash investments | $1,547,276 |
| 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 | $2,400,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,510,931 |
| Net Land, buildings, and equipment | $39,063,092 |
| Other assets | $5,274,538 |
| Total assets | $66,382,103 |
| Accounts payable and accrued expenses | $32,917 |
| 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 | $32,917 |
Grants Awarded
Over the last fiscal year, Elling O Eide Charitable Foundation Inc has awarded $5,035 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Osprey, FL PURPOSE: GENERAL | $4,750 |
NEW COLLEGE OF FLORIDA FOUNDATION PURPOSE: GENERAL | $250 |
Englewood, FL PURPOSE: GENERAL | $35 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elling O Eide Charitable Foundation Inc has recieved totaling $9,490.
| Awarding Organization | Amount |
|---|---|
Peck Stacpoole Foundation Brooklyn, NY PURPOSE: TO ENABLE THEIR RESEARCH LIBRARY TO PURCHASE A PROFESSIONAL BOOK SCANNER. | $9,490 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |
Bangladesh American Society Of Muslim Aid For Humanity Inc Boca Raton, FL | $701,948 | $2,077,483 |
Elling O Eide Charitable Foundation Inc Sarasota, FL | $66,382,103 | $1,556,208 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |
Beech Foundation Inc Conyers, GA | $2,116,092 | $45,755 |