Elkes Foundation Iii
- Assets
- $20.3m
- Revenue
- $1.4m
- Investments
- $10.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2018
- Data as of
- 12/2023
- EIN
- 82-3897250
Organization Overview
Elkes Foundation Iii is located in New York, NY. The organization was established in 2018. 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. Elkes Foundation Iii 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, Elkes Foundation Iii generated $1.4m 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 (5.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elkes Foundation Iii has awarded 287 individual grants totaling $4,118,467. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Elkes Trustee | 20 | $74,032 | |
Mitzi Elkes Trustee | 20 | $74,032 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,328,677 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $100,671 |
| Capital Gain Net Income | $100,671 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,892 |
| Total Revenue | $1,431,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $148,064 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85,487 |
| Total operating and administrative expenses | $281,251 |
| Contributions, gifts, grants paid | $969,955 |
| Total expenses and disbursements | $1,251,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,030,025 |
| 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 | $4,459,356 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,262,600 |
| 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, Elkes Foundation Iii has awarded $969,955 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
REACH OUT READ OF GREATER NEW YORK PURPOSE: CHARITABLE | $30,000 |
HUDSON RIVER SLOOP CLEARWATER INC PURPOSE: CHARITABLE | $69,205 |
FRESH YOUTH INITIATIVES PURPOSE: CHARITABLE | $100,000 |
JEWISH FAMILY SERVICES OF ROCHESTER PURPOSE: CHARITABLE | $20,000 |
THE PARENT CHILD HOME PROGRAM INC PURPOSE: CHARITABLE | $20,000 |
PARKINSONS UNITY WALK PURPOSE: CHARITABLE | $500 |