Elhapa Foundation Inc
- Assets
- $43.5m
- Revenue
- $1.6m
- Investments
- $40.5m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-5371533
Organization Overview
Elhapa Foundation Inc is located in Lexington, KY. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Elhapa 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 12/2021, Elhapa Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year.
Since 2017, Elhapa Foundation Inc has awarded 415 individual grants totaling $13,449,000. 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 |
|---|---|---|---|
Angela L Thomas Treasurer | 15 | $40,000 | |
Anne Clay Kenan Secretary | 0.5 | $0 | |
James G Kenan III Director | 0.5 | $0 | |
James Graham Kenan IV Vice-President | 0.5 | $0 | |
Emma Kenan Thomson Director | 0.5 | $0 | |
Elizabeth P Kenan President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $514,341 |
| Interest on Savings | $204 |
| Dividends & Interest | $985,886 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,385 |
| Capital Gain Net Income | $750,161 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,635,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,514 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,296 |
| Total operating and administrative expenses | $117,168 |
| Contributions, gifts, grants paid | $3,852,000 |
| Total expenses and disbursements | $3,969,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,950,981 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,489,972 |
| 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, Elhapa Foundation Inc has awarded $3,852,000 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: TO SUPPORT COGNITIVE AUGMENTATION IN OLDER ADULTS RESEARCH | $200,000 |
Charleston, SC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $200,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: TO SUPPORT THE DEPT OF PSYCHIATRY AND BEHAVIORAL SCIENCES | $150,000 |
ST ANNE'S-BELFIELD SCHOOL PURPOSE: TO SUPPORT GENERAL OPERATIONS | $140,000 |
Lexington, KY PURPOSE: TO SUPPORT THE BUILDING CAMPAIGN AND SCHOLARSHIP FUND | $130,000 |
Charleston, SC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
Claude Moore Charitable Foundation Fairfax, VA | $240,670,570 | $26,185,543 |
Community Anti-Drug Coalitions Of America Alexandria, VA | $15,283,034 | $14,789,686 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |