Elawa Farm Foundation
- Assets
- $2.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 34
- Location
- Lake Forest, IL
- Founding
- 10/2002
- Data as of
- 12/2023
- EIN
- 71-0875472
Organization Overview
Elawa Farm Foundation is located in Lake Forest, IL. The organization was established in 2002. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Elawa Farm Foundation employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elawa Farm 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, Elawa Farm Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 9.3% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SOLICIT, FUNDRAISE, MANAGE AND DISBURSE FUNDS IN THE FURTHERANCE OF THE MASTER PLAN FOR RESTORATION AND OPERATION OF THE ELAWA FARM SITE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE FARM AT ELAWA FARM - GROWING PRODUCE TO SELL TO GENERAL PUBLIC.
MARKET AND OTHER PROGRAMS.
FARM RENTALS - LEASING AND MANAGEMENT OF BUILDING LOCATED ON ELAWA FARM PROPERTY; RENTAL OF PROPERTY FOR HOSTING EVENTS AND MEETINGS, INCLUDING WEDDINGS.
OPERATION OF THE COMMERCIAL KITCHEN AT ELAWA FARM - PREPARING BAKED GOODS, AND MEALS FROM PRODUCE GROWN IN THE GARDEN, TO SELL TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Adolph Director | Trustee | 1 | $0 |
Elisa Allan Director | Trustee | 1 | $0 |
Elizabeth Borland Blodgett Director | Trustee | 1 | $0 |
Ned Borland Director | Trustee | 1 | $0 |
Michael Calogero Director | Trustee | 1 | $0 |
Marion Christoph Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $235,997 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $957,681 |
| Noncash contributions included in lines 1a–1f | $11,225 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,193,678 |
| Total Program Service Revenue | $876,555 |
| Investment income | $20,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,132 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,117,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $677,355 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,887 |
| Payroll taxes | $49,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,360 |
| Advertising and promotion | $0 |
| Office expenses | $19,693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,027 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,977 |
| Insurance | $22,099 |
| All other expenses | $53,237 |
| Total functional expenses | $1,585,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,409 |
| Savings and temporary cash investments | $795,433 |
| Pledges and grants receivable | $265,500 |
| Accounts receivable, net | $44,724 |
| 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 | $18,406 |
| Net Land, buildings, and equipment | $519,879 |
| Investments—publicly traded securities | $458,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,772 |
| Total assets | $2,745,723 |
| Accounts payable and accrued expenses | $51,106 |
| Grants payable | $0 |
| Deferred revenue | $130,700 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $107,099 |
| Total liabilities | $288,905 |
| Net assets without donor restrictions | $1,890,309 |
| Net assets with donor restrictions | $566,509 |
| 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 | $2,745,723 |