Elocen Group Foundation Inc
- Assets
- $61.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bowie, MD
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 81-3987229
Organization Overview
Elocen Group Foundation Inc is located in Bowie, MD. The organization was established in 2016. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elocen Group 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 12/2021, Elocen Group Foundation Inc generated $66.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $25.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (24.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ELOCEN GROUP FOUNDATION'S (EGF) SERVES TO STRENGTHEN, INSPIRE, AND EMPOWER FAMILIES, PARTICULARLY TEEN MOTHERS AND AFRICAN-AMERICAN MALES RAISED IN SINGLE-PARENT HOUSEHOLDS. OUR MISSION IS TO FOSTER AND PROMOTE LIFE-SKILLS TRAINING, IMPLEMENT WORKFORCE DEVELOPMENT PROGRAMS, AND ENCOURAGE EDUCATIONAL ADVANCEMENT.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,645 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $47 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,692 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,110 |
| Total expenses | $25,110 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,646 |
| Other assets | $0 |
| Total assets | $61,646 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,646 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elocen Group Foundation Inc has recieved totaling $171,323.
| Awarding Organization | Amount |
|---|---|
United Charitable Ashburn, VA PURPOSE: General Support | $171,323 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |
Mm&p Maritime Advancement Training Ed & Safety Program Linthicum Heights, MD | $12,191,670 | $4,959,385 |
Baltimore Corps Inc Baltimore, MD | $9,476,399 | $10,474,967 |
Eastern Atlantic States Carpenters Technical College Philadelphia, PA | $14,328,660 | $6,924,336 |
Heating Piping & Refrigeration Training Fund Landover, MD | $40,125,047 | $11,368,274 |
Northeastern Joint Apprenticeship And Training Trust Fund Douglassville, PA | $22,903,103 | $9,711,696 |
Kml Carpenters Apprenticeship And Training Fund Pittsburgh, PA | $21,491,518 | $8,157,568 |
Iupat Finishing Trades Institute Hanover, MD | $16,339,084 | $7,845,156 |
Steamfitters Local Union No 449 Joint Apprenticeship & Training Pittsburgh, PA | $25,881,880 | $16,253,567 |
Local Workforce Investment For The Westmoreland-Fayette Workforce Youngwood, PA | $713,415 | $6,002,344 |
West Central Job Partnership Sharon, PA | $1,566,109 | $5,554,018 |
Atu Training And Education Center Inc Silver Spring, MD | $35,739,590 | $712,662 |