Elhapa Foundation Inc
- Assets
- $41.6m
- Revenue
- $1.6m
- Investments
- $40.5m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-5371533
Organization Overview
Elhapa Foundation Inc is located in Lexington, KY. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Elhapa 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, Elhapa Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Elhapa Foundation Inc has awarded 423 individual grants totaling $13,583,000. 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 |
|---|---|---|---|
James G Kenan III Director | 0.5 | $0 | |
Elizabeth P Kenan President | 0.5 | $0 | |
Angela L Thomas Treasurer | 15 | $40,000 | |
James Graham Kenan IV Vice-President | 0.5 | $0 | |
Emma Kenan Thomson Director | 0.5 | $0 | |
Anne Clay Kenan Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $617,210 |
| Interest on Savings | $23,966 |
| Dividends & Interest | $965,527 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2 |
| Capital Gain Net Income | $2 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,606,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,262 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,446 |
| Total operating and administrative expenses | $115,890 |
| Contributions, gifts, grants paid | $3,425,000 |
| Total expenses and disbursements | $3,540,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,017,941 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,555,787 |
| 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, Elhapa Foundation Inc has awarded $3,425,000 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
BARRIER ISLANDS FREE CLINIC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $20,000 |
APPALACHIAN COMMUNITY FUND PURPOSE: TO SUPPORT GENERAL OPERATIONS | $15,000 |
AMERICAN SPIRITUAL ENSEMBLE PURPOSE: TO SUPPORT GENERAL OPERATIONS | $50,000 |
ASHLEY HALL FOUNDATION PURPOSE: FINANCIAL AID/DIVERSITY | $35,000 |
ALLIANCE OF FAMILIES FOR JUSTICE PURPOSE: TO SUPPORT GENERAL OPERATIONS | $5,000 |
BELIEVING IN FOREVER PURPOSE: TO SUPPORT GENERAL OPERATIONS | $4,000 |