Ellison Foundation
- Assets
- $42.7m
- Revenue
- $2.0m
- Investments
- $41.4m
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 03/2003
- Data as of
- 12/2023
- EIN
- 91-6557865
Organization Overview
Ellison Foundation is located in Bellevue, WA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ellison 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, Ellison Foundation generated $2.0m 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 (5.3%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ellison Foundation has awarded 349 individual grants totaling $12,071,097. 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
N A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Ellison President | 5 | $0 | |
Maureen Sue Ellison V. President | 4 | $0 | |
Robert Hurlbut Foundation Director | 40 | $147,709 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $228,252 |
| Dividends & Interest | $1,346,352 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $432,021 |
| Capital Gain Net Income | $432,021 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,072 |
| Total Revenue | $2,007,697 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $147,709 |
| Other employee salaries and wages | $11,958 |
| Pension plans, employee benefits | $23,108 |
| Interest | $0 |
| Taxes | $17,696 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,700 |
| Printing and publications | $0 |
| Other expenses | $3,138 |
| Total operating and administrative expenses | $285,763 |
| Contributions, gifts, grants paid | $2,647,304 |
| Total expenses and disbursements | $2,933,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,242,987 |
| 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 | $401,119 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,677,087 |
| Accounts payable and accrued expenses | $3,934 |
| 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 | $3,934 |
Grants Awarded
Over the last fiscal year, Ellison Foundation has awarded $2,647,304 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
ADA DEVELOPERS ACADEMY PURPOSE: EDUCATIONAL | $20,000 |
ART CORPS PURPOSE: ARTS EDUCATION | $25,000 |
ATTAIN HOUSING PURPOSE: RENTAL ASSISTANCE | $15,000 |
BELLEVUE BOYS & GIRLS CLUB PURPOSE: YOUTH PROGRAMS | $100,000 |
BASTYR UNIVERSITY PURPOSE: NATURAL HEALTH EDUCATION | $10,000 |
BELLEVUE POLICE FOUNDATION PURPOSE: OFFICER TRAINING, EQUIPMENT & PROGRAMS | $500 |