Elmo Foundation
- Assets
- $13.7m
- Revenue
- $778.3k
- Investments
- $13.6m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 12/2007
- Data as of
- 12/2021
- EIN
- 26-0795189
The information for Elmo Foundation is as of the organization's most recent filing in December '21. This organization is located in Charlottesville, VA. It has been in existence for 14 years, following its founding in 2007.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Elmo Foundation's NTEE code is T20, indicating that it is classified as a Philanthropy, Voluntarism & Grantmaking Foundation. As a Private Grantmaking Foundation, the Elmo Foundation is a nongovernmental, nonprofit organization that has funds and programs managed by its own trustees or directors. It is established to maintain or aid social, educational, religious, or other charitable activities serving the common welfare, primarily through grantmaking. Additionally, the Elmo Foundation is classified under section 3 of the Internal Revenue Code, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations.
Grant History
Our dataset includes six years of grant history for the Elmo Foundation. Over the course of these years, they have awarded a total of 347 grants, with an average check size of $15,148. On average, the organization awards 58 grants each year. The Elmo Foundation's grants are distributed across various NTEE sectors, with the most grants awarded in the Environment sector (30), followed by Crime & Legal-Related (20), and International, Foreign Affairs & National Security (18). In terms of geographic distribution, the organization has awarded the highest number of grants in Virginia (116), followed by Washington, D.C. (55), and Maryland (28). Other states where the Elmo Foundation has awarded grants include California (29), Pennsylvania (15), New York (21), and Florida (14), among others.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $677,229 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $101,026 |
| Capital Gain Net Income | $101,026 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $778,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $650 |
| Contributions, gifts, grants paid | $749,500 |
| Total expenses and disbursements | $750,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,665 |
| 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 | $0 |
| Total assets | $13,687,366 |
| 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, Elmo Foundation has awarded $749,500 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLOTTESVILLE HABITAT FOR HUMANIT PURPOSE: AFFORDABLE HOUSING | $100,000 |
Charlottesville, VA PURPOSE: SCHOLARSHIP | $40,000 |
Charlottesville, VA PURPOSE: GRASSROOTS ORGANIZING | $37,500 |
Charlottesville, VA PURPOSE: HEALTH | $25,000 |
POSSIBLE NYAYA HEALTH PURPOSE: NEPAL HEALTH | $25,000 |
CENTRAL MEXICAN YOUTH FOUNDATION PURPOSE: HEALTH & EDUCATION MEXICO | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |