Elardi Foundation is located in Las Vegas, NV. The organization was established in 2006. 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. Elardi 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, Elardi Foundation generated $202.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $181.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Elardi Foundation has awarded 101 individual grants totaling $823,684. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Elardi Secretary | 0.5 | $0 | |
Margaret Elardi President | 0.5 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,354 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $202,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,226 |
| Contributions, gifts, grants paid | $172,500 |
| Total expenses and disbursements | $181,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,744 |
| Savings and temporary cash investments | $1,522,327 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,424,530 |
| Total assets | $12,954,601 |
| 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 |
Over the last fiscal year, Elardi Foundation has awarded $172,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN METHODIST UNIVERSITY PURPOSE: SCHOLARSHIP FOR CHRISTIAN MOYANO | $7,500 |
NEW YORK UNIVERSITY PURPOSE: SCHOLARSHIP FOR FRANCESCA DI SANTO | $7,500 |
AUBURN UNIVERSITY PURPOSE: SCHOLARSHIP FOR ELIZABETH HAND | $5,000 |
WESTERN UNIVERSITY PURPOSE: SCHOLARSHIP FOR ARIAN ABDI | $7,500 |
BOSTON COLLEGE PURPOSE: SCHOLARSHIP FOR ISABELLA MONROE | $7,500 |
UNIVERSITY OF CALIFORNIA SAN DIEGO PURPOSE: SCHOLARSHIP FOR MAX RIORDAN | $5,000 |