Ellman Discovery Foundation
- Assets
- $4.0m
- Revenue
- $404.5k
- Investments
- $2.6m
- Employees
- 0
- Location
- Sparta, NJ
- Founding
- 02/2018
- Data as of
- 07/2022
- EIN
- 47-5621058
Organization Overview
Ellman Discovery Foundation is located in Sparta, NJ. 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. Ellman Discovery 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 07/2022, Ellman Discovery Foundation generated $404.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 65.6% each year . All expenses for the organization totaled $252.3k during the year ending 07/2022. While expenses have increased by 22.1% per year over the past 5 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 2018, Ellman Discovery Foundation has awarded 14 individual grants totaling $615,634. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SERVICES, PROGRAMS, AND SUPPORT TO IMPOVERISHED, DISTRESSED, UNDERPRIVILEGED, AND DISADVANTAGED INDIVIDUALS IN NORTHWESTERN NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWO PROGRAMS UNDER DEVELOPMENT - MOBILE MEAL DELIVERY FOR THOSE IN NEED AND A TRANSPORTATION PROGRAM THAT WILL TURN DONATED VEHICLES INTO RELIABLE TRANSPORTATION TO ENABLE INDIVIDUALS BEING SERVED TO SEEK EMPLOYMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Ellman Pres/secetary | 1 | $0 | |
Colette B Cross Director | 1 | $0 | |
Brenda Kay Basinger Director | 1 | $0 | |
Jeffrey Glenn Schwartz MD Director | 1 | $0 | |
Catherine Ellman Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,274 |
| Dividends & Interest | $96,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $306,369 |
| Capital Gain Net Income | $306,369 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11 |
| Total Revenue | $404,522 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,113 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,118 |
| Total operating and administrative expenses | $18,962 |
| Contributions, gifts, grants paid | $233,298 |
| Total expenses and disbursements | $252,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,725 |
| Savings and temporary cash investments | $1,358,639 |
| 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 | $2,635,252 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,012,616 |
| 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, Ellman Discovery Foundation has awarded $233,298 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FED- GTR METROWEST NJ PURPOSE: MEET HUMANITRIAN & SOCIAL NEEDS | $121,298 |
PROJECT SELF SUFFICIENCY PURPOSE: PSS JOURNEY: OPPORTUNITY ON THE MOVE | $100,000 |
THE WILLOW SCHOOL PURPOSE: EDUCATION ASSISTANCE | $10,000 |
NJSH PET RESCUE PURPOSE: TO HELP SUPPORT THE NEEDS OF RESCUED DOGS AND CATS. | $2,000 |