Eliseo Foundation
- Assets
- $6.1m
- Revenue
- $472.6k
- Investments
- $138.1k
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 06/1987
- Data as of
- 12/2022
- EIN
- 94-3031579
Organization Overview
Eliseo Foundation is located in Tacoma, WA. The organization was established in 1987. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eliseo 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 12/2022, Eliseo Foundation generated $472.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $596.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE ELISEO TO ENHANCE SERVICES TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION EXPENSES ARE RELATED TO ENABLING ELISEO TO EXPAND ITS SERVICES TO THE ELDERLY COMMUNITY. ELISEO IS A NON-DENOMINATIONAL SENIOR COMMUNITY WHERE RESIDENTS FIND TRUE KINSHIP AND FUN. IT IS THE ONLY NONPROFIT CAMPUS IN PIERCE COUNTY THAT OFFERS A FULL CONTINUUM OF QUALITY CARE AT AN AFFORDABLE PRICE AND PARTICIPATES IN MEDICARE AND MEDICAID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Kevin Mcfeely President/ceo | Officer | 2.5 | $0 |
David Hoffman CFO | Officer | 2.5 | $0 |
Marc Streleski Chair & Immediate Past Chair | OfficerTrustee | 2 | $0 |
Ed Larson Trustee & Chair | OfficerTrustee | 2 | $0 |
Stephanie Schramm Vice Chair | OfficerTrustee | 2 | $0 |
Molly Axworthy Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,560 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,777 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,337 |
| Total Program Service Revenue | $0 |
| Investment income | $98,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $106,446 |
| Net Income from Fundraising Events | -$20,165 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $350,562 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $91,373 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,845 |
| Payroll taxes | $6,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $36,000 |
| Fees for services: Investment Management | $54,311 |
| Fees for services: Other | $10,202 |
| Advertising and promotion | $1,917 |
| Office expenses | $8,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,096 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $596,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,962,581 |
| Investments—other securities | $138,083 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,399 |
| Total assets | $6,125,063 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,979,384 |
| Net assets with donor restrictions | $1,145,679 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,125,063 |