Elling O Eide Charitable Foundation Inc
- Assets
- $62.6m
- Revenue
- $1.0m
- Investments
- $15.3m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-1488932
Organization Overview
Elling O Eide Charitable Foundation Inc is located in Sarasota, FL. The organization was established in 2014. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Elling O Eide Charitable Foundation Inc 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, Elling O Eide Charitable Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 0.6% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH LIBRARY DEDICATED TO THE STUDY OF CLASSICAL CHINESE LITERATURE AND ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold G Mitchell Managing Director/presiden | 40 | $120,473 | |
Thomas Buchter Director | 3 | $8,750 | |
Cynthia L Chennault Chair | 2 | $11,000 | |
Michael R Drompp Secretary | 3 | $9,000 | |
Lee Eide Elliott Treasurer | 3 | $9,000 | |
Carlese C Westock Director | 2 | $9,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Precision Marine Construction | 12/30/22 | $58,295 |
Ac Today | 12/30/22 | $51,779 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,389 |
| Interest on Savings | $0 |
| Dividends & Interest | $441,041 |
| Net Rental Income | $184,256 |
| Net Gain on Sale of Assets | $238,196 |
| Capital Gain Net Income | $238,196 |
| Net ST Capital Gain | $123,426 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $121,570 |
| Total Revenue | $1,012,452 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $167,223 |
| Other employee salaries and wages | $328,842 |
| Pension plans, employee benefits | $86,959 |
| Interest | $0 |
| Taxes | $65,070 |
| Depreciation | $308,824 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $66,257 |
| Printing and publications | $323 |
| Other expenses | $548,540 |
| Total operating and administrative expenses | $1,705,968 |
| Contributions, gifts, grants paid | $1,944 |
| Total expenses and disbursements | $1,707,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,100 |
| Savings and temporary cash investments | $1,081,754 |
| 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 | $2,400,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,005,595 |
| Net Land, buildings, and equipment | $38,547,370 |
| Other assets | $5,276,897 |
| Total assets | $62,638,972 |
| Accounts payable and accrued expenses | $45,510 |
| 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 | $45,510 |
Grants Awarded
Over the last fiscal year, Elling O Eide Charitable Foundation Inc has awarded $29,725 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
T'ANG STUDIES SOCIETY PURPOSE: GENERAL | $25,000 |
CONSERVATION FOUNDATION OF THE GULF COAST PURPOSE: GENERAL | $3,800 |
CHORAL ARTISTS SARASOTA PURPOSE: GENERAL | $500 |
WUSF PURPOSE: GENERAL | $250 |
SARASOTA ALLIANCE FOR HISTORIC PRESERVATION PURPOSE: GENERAL | $150 |
LWR YOUNG LEADERS ALLIANCE PURPOSE: GENERAL | $25 |