Ellis Family Foundation
- Assets
- $248.3k
- Revenue
- $11.3k
- Investments
- $225.0k
- Employees
- 0
- Location
- Centre, AL
- Founding
- 12/1997
- Data as of
- 12/2023
- EIN
- 72-1376448
Organization Overview
Ellis Family Foundation is located in Centre, AL. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ellis Family 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, Ellis Family Foundation generated $11.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $28.9k during the year ending 12/2023. While expenses have increased by 12.7% per year over the past 8 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 2016, Ellis Family Foundation has awarded 35 individual grants totaling $108,852. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHEROKEE COUNTY HIGH SCHOOL SCHOLARSHIP FUND
EXIE CONGREGATIONAL HOLINESS CHURCH
FIRST BAPTIST CHURCH ROC BUILDING IS USED FOR DRUG REHAB SERVICES, YOUTH FUNCTIONS AND COMMUNITY NEEDS
UNION CONGREGATIONAL METHODIST CHURCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Watt A Ellis III President/director | 2 | $0 | |
Freida R Ellis Vice President/director | 2 | $0 | |
Freida R Ellis Secretary/director | 0 | $0 | |
Freida R Ellis Treasurer/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,709 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,601 |
| Capital Gain Net Income | $6,601 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,310 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $101 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $101 |
| Contributions, gifts, grants paid | $28,775 |
| Total expenses and disbursements | $28,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,233 |
| Savings and temporary cash investments | $0 |
| 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 | $248,269 |
| 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, Ellis Family Foundation has awarded $28,775 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHEROKEE COUNTY BOARD OF EDUCATION PURPOSE: CONTRIBUTIONS & PROGRAMS | $8,000 |
EXIE CONGREGATIONAL HOLINESS CHURCH PURPOSE: CONTRIBUTION | $1,000 |
FIRST BAPTIST CHURCH OF CENTRE PURPOSE: CONTRIBUTION | $7,516 |
UNION CONGREGATIONAL METHODIST CHURCH PURPOSE: CONTRIBUTION | $2,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: CONTRIBUTION | $275 |
CEDAR BLUFF SCHOOL PURPOSE: CONTRIBUTION | $200 |