Elisha-Bolton Foundation
- Assets
- $4.4m
- Revenue
- $271.5k
- Investments
- $4.3m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/1986
- Data as of
- 12/2022
- EIN
- 34-1500135
Organization Overview
Elisha-Bolton Foundation is located in Cleveland, OH. The organization was established in 1986. 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. Elisha-Bolton 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, Elisha-Bolton Foundation generated $271.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $349.4k during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Elisha-Bolton Foundation has awarded 184 individual grants totaling $1,484,500. 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 |
|---|---|---|---|
Gilbert P Schafer III Co-President/trustee | 1 | $0 | |
Julian B Schafer Co-President/trustee | 1 | $0 | |
Kenneth G Hochman Trustee | 1 | $0 | |
James C Sekerak Treasurer | 2 | $0 | |
Marianne Grega Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ferguson Wellman Capital Management | 12/30/16 | $0 |
Mn Advisory Services Llc | 12/30/16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $143,580 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $127,927 |
| Capital Gain Net Income | $127,927 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $271,507 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,389 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,083 |
| Total operating and administrative expenses | $89,359 |
| Contributions, gifts, grants paid | $260,000 |
| Total expenses and disbursements | $349,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,865 |
| Savings and temporary cash investments | $126,144 |
| 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 | $193,146 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,410,311 |
| 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, Elisha-Bolton Foundation has awarded $260,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMARGOSA CONSERVANCY PURPOSE: SUPPORT FOR RIVER WILDLIFE | $10,000 |
AMERICAN FRIENDS OF ATTINGHAM PURPOSE: SCHOLARSHIP SUPPORT FOR ANNUAL SUMMER SCHOOL | $5,000 |
ASH MEADOWS NATIONAL WILDLIFE REFUGE PURPOSE: CURRENT OPERATIONS | $10,000 |
CHALLENGED ATHLETES FOUDATION PURPOSE: CURRENT OPERATIONS | $20,000 |
BRYN MAWR COLLEGE PURPOSE: GROWTH AND STRUCTURE OF THE CITIES DEPARTMENT | $2,500 |
CLEVELAND CLINIC-COLE EYE INSTITUTE PURPOSE: DRY MACULAR DEGENERATION RESEARCH | $5,000 |