Eleos Capital Inc
- Assets
- $1.7m
- Revenue
- $780.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Jersey City, NJ
- Founding
- 09/2015
- Data as of
- 12/2020
- EIN
- 47-3609541
Organization Overview
Eleos Capital Inc is located in Jersey City, NJ. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Eleos Capital 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 12/2020, Eleos Capital Inc generated $780.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.2% each year . All expenses for the organization totaled $280.5k during the year ending 12/2020. While expenses have increased by 25.9% per year over the past 3 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO PROMOTE PHILANTHROPY BY PROVIDING PROGRAMS THAT SUPPORT AND ENHANCE CHARITABLE GIVING. IT WILL AIM TO DO THIS THROUGH THE OPERATION OF A DONOR-ADVISED FUND PROGRAM. IT INTENDS TO FOCUS ON COMBATING POVERTY AND SUPPORTING UNDERPRIVILEGED COMMUNITIES BY INVITING DONOR-ADVISORS TO POOL THE INVESTMENT INCOME TO PROVIDE TARGETED AND STRATEGIC FINANCIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE OPERATION AND ACTIVE MANAGEMENT OF OUR DONOR-ADVISED FUND PROGRAM, ELEOS CAPITAL HELPED PROMOTE PHILANTHROPY AND ENHANCED CHARITABLE GIVING TO SUPPORT SOCIAL AND ECONOMIC JUSTICE EFFORTS. BY POOLING THE INVESTMENT INCOME GENERATED FROM OPT-IN DONOR-ADVISED FUND ACCOUNTS, ELEOS CAPITAL WAS ABLE TO OFFER GRANTS AS PART OF ITS MISSION TO COMBAT POVERTY AND SUPPORT UNDERPRIVILEGED AND UNDERSERVED COMMUNITIES.THE LARGEST GRANT MADE WAS TO EMBERS INTERNATIONAL TO FUND THE LAUNCH OF ITS GENERATIONAL RESTORATION AND CHILDREN'S EDUCATION ("G.R.A.C.E") INITIATIVE TO PROVIDE PRIMARY AND SECONDARY EDUCATION TO DISADVANTAGED CHILDREN IN INDIA BORN INTO BROTHELS AND LIVING IN THE RED-LIGHT DISTRICT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jong Yoon Woo President | OfficerTrustee | 40 | $0 |
Philip Kim Treasurer | OfficerTrustee | 5 | $0 |
Janny Lee Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,091 |
| Noncash contributions included in lines 1a–1f | $158,075 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,091 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $602,496 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $780,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $141,650 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,000 |
| Advertising and promotion | $0 |
| Office expenses | $3,477 |
| Information technology | $369 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $280,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,174 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,707,649 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,725,823 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,725,823 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,725,823 |
Grants Awarded
Over the last fiscal year, Eleos Capital Inc has awarded $133,550 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Lee, NJ PURPOSE: FUNDING A NEW CHILDRENS' EDUCATION INITIATIVE | $65,000 |
New York, NY PURPOSE: FUND A NEW ELAB INITIATIVE AT RESTORE NYC | $53,550 |
New York, NY PURPOSE: DONOR-ADVISED | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eleos Capital Inc has recieved totaling $22.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Anabaptist Foundation Lewisburg, PA | $47,495,861 | $36,276,504 |
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |