E L Cord Foundation
- Assets
- $67.2m
- Revenue
- $3.7m
- Investments
- $65.5m
- Employees
- 0
- Location
- Reno, NV
- Founding
- 05/1964
- Data as of
- 12/2023
- EIN
- 36-6072793
Organization Overview
E L Cord Foundation is located in Reno, NV. The organization was established in 1964. 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. E L Cord 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 12/2023, E L Cord Foundation generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, E L Cord Foundation has awarded 175 individual grants totaling $6,221,400. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A - THE ACTIVITIES OF THE FOUNDATION ARE LIMITED SOLELY TO GRANT MAKING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph S Bradley Co-Trustee | 20 | $294,000 | |
William O Bradley Jr Co-Trustee | 20 | $294,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,182 |
| Dividends & Interest | $1,777,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,939,525 |
| Capital Gain Net Income | $1,939,525 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,743,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $588,000 |
| Other employee salaries and wages | $102,700 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $94,179 |
| Depreciation | $0 |
| Occupancy | $77,879 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,905 |
| Total operating and administrative expenses | $1,322,278 |
| Contributions, gifts, grants paid | $3,233,400 |
| Total expenses and disbursements | $4,555,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,911 |
| Savings and temporary cash investments | $1,574,930 |
| 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 | $29,533,683 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $67,164,874 |
| 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 | $23,739 |
| Total liabilities | $23,739 |
Grants Awarded
Over the last fiscal year, E L Cord Foundation has awarded $3,233,400 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
ALA NEVADA GIRLS STATE INC PURPOSE: GENERAL PURPOSE | $10,000 |
AMPLIFY LIFE PURPOSE: GENERAL PURPOSE | $15,000 |
ANGEL FLIGHT WEST PURPOSE: GENERAL PURPOSE | $5,000 |
ARTOWN PURPOSE: GENERAL PURPOSE | $100,000 |
ARTS FOR ALL NEVADA PURPOSE: GENERAL PURPOSE | $25,000 |
ASSISTANCE LEAGUE RENO-SPARKS PURPOSE: GENERAL PURPOSE | $40,000 |