Ellington Fund
- Assets
- $25.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 07/1979
- Data as of
- 09/2021
- EIN
- 52-1152273
Organization Overview
Ellington Fund is located in Washington, DC. The organization was established in 1979. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Ellington Fund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ellington Fund 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 09/2021, Ellington Fund generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.5m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS AND ACADEMIC PROGRAMMING: THIS CONSISTS OF INSTRUCTIONAL PROGRAMS AND SUPPLIES FOR SCHOOL PROGRAMS IN DANCE, THEATER, VOCAL MUSIC, INSTRUMENTAL MUSIC, VISUAL ARTS, LITERARY, MEDIA AND COMMUNICATIONS, MUSEUM STUDIES AND TECHNICAL DESIGN AND PRODUCTION.
SCHOLARSHIPS: SCHOLARSHIPS ARE AWARDED TO SENIORS WHO WILL MATRICULATE TO POST-SECONDARY EDUCATION. STUDENTS SUBMIT A WRITTEN STATEMENT OF ACHIEVEMENTS, GOALS & REASONS FOR APPLYING. THE SCHOLARSHIP COMMITTEE CHOOSES RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandi M Logan Principal & Head Of School | Officer | 8 | $35,028 |
Anne Marie Logue CFO | Officer | 8 | $26,127 |
Tia Powell Harris Former CEO | 8 | $24,813 | |
Lee Jackson Director Of Finance | Officer | 8 | $10,454 |
Ari Fitzgerald President | OfficerTrustee | 5 | $0 |
Annie Whatley Chair-Nominating Committee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,270 |
| Related organizations | $0 |
| Government grants | $133,153 |
| All other contributions, gifts, grants, and similar amounts not included above | $604,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $777,316 |
| Total Program Service Revenue | $0 |
| Investment income | $861,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $341,111 |
| Net Income from Fundraising Events | -$10,610 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,972,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,165,206 |
| Grants and other assistance to domestic individuals. | $56,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,708 |
| Compensation of current officers, directors, key employees. | $14,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,944 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $104,043 |
| Fees for services: Other | $21,443 |
| Advertising and promotion | $0 |
| Office expenses | $3,137 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$2,423 |
| Interest | $14,880 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,392 |
| All other expenses | -$1,000 |
| Total functional expenses | $1,528,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,028 |
| Savings and temporary cash investments | $34,224 |
| Pledges and grants receivable | $2 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,975 |
| Net Land, buildings, and equipment | $747 |
| Investments—publicly traded securities | $25,094,641 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $156,500 |
| Total assets | $25,535,117 |
| Accounts payable and accrued expenses | $5,010 |
| Grants payable | $405,738 |
| Deferred revenue | $110 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $977,389 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $265,890 |
| Total liabilities | $1,654,137 |
| Net assets without donor restrictions | -$788,474 |
| Net assets with donor restrictions | $24,669,454 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,535,117 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Ellington Fund has recieved totaling $154,119.
| Awarding Organization | Amount |
|---|---|
Sacks Family Foundation Highland Park, IL PURPOSE: PROGRAM SUPPORT | $50,000 |
The Miner Anderson Family Foundation Wilmington, DE PURPOSE: DAVE CHAPPELLE THEATER NAMING | $25,000 |
Kimsey Foundation Washington, DC PURPOSE: GENERAL OPERATING | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,575 |
The Bernstein Family Foundation Washington, DC PURPOSE: COMMUNITY SERVICE | $10,000 |
Annette M And Theodore N Lerner Family Foundation Inc Rockville, MD PURPOSE: SUPPORT PROGRAMS AT THE DC SCHOOL OF THE ARTS | $10,000 |
Endowment Analysis
| Beg. Balance | $22,084,801 |
| Earnings | $3,316,656 |
| Other Expense | $79,393 |
| Grants | $620,585 |
| Ending Balance | $24,701,479 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charles T Bauer Charitable Foundation Baltimore, MD | $0 | $6,889,193 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Marriott Daughters Foundation Bethesda, MD | $79,408,936 | $2,865,441 |