Elohim Foundation
- Assets
- $2.5m
- Revenue
- $360.8k
- Investments
- $400.6k
- Employees
- 0
- Location
- Hoover, AL
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 32-0425131
Organization Overview
Elohim Foundation is located in Hoover, AL. The organization was established in 2014. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elohim 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, Elohim Foundation generated $360.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $185.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elohim Foundation has awarded 89 individual grants totaling $327,050. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne B Nelson III President | 0 | $0 | |
Cheryl N Nelson Vice President & Secretary | 0 | $0 | |
Wayne B Nelson IV Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $306,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,123 |
| 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 | $52,189 |
| Total Revenue | $360,812 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $62,419 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $68,919 |
| Contributions, gifts, grants paid | $116,550 |
| Total expenses and disbursements | $185,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,130,495 |
| Savings and temporary cash investments | $0 |
| 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 | $400,572 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,531,067 |
| 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, Elohim Foundation has awarded $116,550 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
A EDUCATION PURPOSE: PROGRAM SUPPORT | $1,000 |
AU FCA PURPOSE: PROGRAM SUPPORT | $500 |
BIBLE STUDY FELLOWSHIP PURPOSE: PROGRAM SUPPORT | $5,000 |
AUBURN UNIVERSITY PURPOSE: ENGINEERING SCHOLARSHIPS | $40,000 |
BIGTIME MINISTRIES PURPOSE: PROGRAM SUPPORT | $2,500 |
CHILDREN'S HARBOR PURPOSE: PROGRAM SUPPORT | $5,000 |