Eleos Foundation
- Assets
- $4.1m
- Revenue
- $2.7m
- Investments
- $1.4m
- Employees
- 0
- Location
- Normal, IL
- Founding
- Data as of
- 12/2023
- EIN
- 87-2934139
Organization Overview
Eleos Foundation is located in Normal, IL. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Eleos 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, Eleos Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $306.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Eleos Foundation has awarded 13 individual grants totaling $517,071. 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
SUPPORTING COMMUNITY PROJECTS AROUND THE WORLD WITH AN EMPHASIS ON EDUCATION, HEALTH, WELL BEING AND CRISIS SUPPORT.THE PURPOSES FOR WHICH THE ELEOS FOUNDATION IS ORGANIZED ARE EXCLUSIVELY CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC, AND LITERARY. THE ELEOS FOUNDATION PLANS ON MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW. THE ELEOS FOUNDATION ALSO PLANS ON PROVIDING FINANCIAL ASSISTANCE TO MINISTRIES AND SCHOOLS IN EASTERN AFRICA TO FURTHER ITS EDUCATIONAL, RELIGIOUS, AND OVERALL CHARITABLE PURPOSES.IT IS ANTICIPATED THAT THE ELEOS FOUNDATION WILL BE AN OPERATING AND GRANT MAKING ORGANIZATION, PROVIDING FINANCIAL ASSISTANCE TO MINISTRIES AND MAKING GRANTS TO CHARITABLE ORGANIZATIONS THAT FURTHER THE GOALS WITHIN THE SCOPE OF ITS PURPOSE. THE BOARD OF DIRECTORS WILL APPROVE OPERATIONS AND GRANTS AT ITS DIRECTORS ME
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Hughes President | 2 | $0 | |
Amy Hughes Secretary | 0 | $0 | |
Linda Rader Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,641,389 |
| Interest on Savings | $47,026 |
| Dividends & Interest | $42,965 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,613 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,726,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $354 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,723 |
| Total operating and administrative expenses | $44,037 |
| Contributions, gifts, grants paid | $262,043 |
| Total expenses and disbursements | $306,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,653,101 |
| 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 | $1,436,265 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,089,366 |
| 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, Eleos Foundation has awarded $262,043 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICA INLAND CHURCH TANZANIA AICT PURPOSE: INDIVIDUAL ASSISTANCE - ASSISTANCE WITH MEDICAL EXPENSES, BURIAL COSTS, AND HOUSING PROJECTS | $15,610 |
AFRICA INLAND CHURCH TANZANIA AICT PURPOSE: EDUCATIONAL ASSISTANCE - ASSISTANCE WITH TUITION, ROOM, AND BOARD | $3,825 |
AFRICA INLAND CHURCH TANZANIA AICT PURPOSE: MINISTRY ASSISTANCE - ASSISTACE WITH CHOIR EQUIPMENT AND SCHOOL BUS | $37,313 |
AFRICA INLAND CHURCH TANZANIA AICT PURPOSE: PROJECT ASSISTANCE - ASSISTANCE WITH WATER FILTRATION PRODUCTS, MATERENITY WARD, TESTING PROJECTS, POULTRY HOUSE EXPANSION, NEW DISPENSARY AND CLINIC | $205,295 |