St Elmo Foundation C/O Gregory McElroy EIN 13-6170013 Form 990 (PDF) Claim this org

St Elmo Foundation C/O Gregory McElroy

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Supports student learning, education, and welfare through aid and encouragement. For fiscal year 2025 it reported $437K in revenue, $367K in expenses, and $3.7M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Pearl River, NY
Filings
6 on file (2020–2025)
Revenue
$437KFY2025
Expenses
$367K
Net assets
$3.7M
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  13-6170013 Public charity (501(c)(3)) Pearl River, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports student learning, education, and welfare through aid and encouragement.
Leadership
Bruce Belzak · Trustee
Money in and out
$437K revenue, $367K expenses
Bottom line
72% program efficiency
Where the money goes · FY2025
Total revenue
$437K
Pt VIII · Ln 12
Total expenses
$367K
Pt IX · Ln 25
Net assets
$3.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $70K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.21 Fundraising $0.08
Program efficiency
72%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
116.4mo
months of highly liquid reserves at operating expense rate▼ -24% vs prior filing year
Surplus margin
+16%
revenue over expenses, this year▲ +185% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$437K
FY2025▲ +101%
Expenses
$367K
FY2025▲ +42%
Total assets
$3.7M
FY2025▲ +11%
Total liabilities
$0
FY2025
Total revenue
$437K
Pt VIII · Ln 12
Total expenses
$367K
Pt IX · Ln 25
Net assets
$3.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$70K
Total assetsPt X · Ln 16$3.7M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $264K of program spending, described in the organization's own filed words · FY2025.
01

To aid, encourage, promote and contribute to the learning, education and welfare of students. This is done by providing gifts, loans, facilities, opportunities, etc

$264Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSt Elmo Foundation C/O Gregory McElroy
EINHdr · item D13-6170013
Principal addressHdr · item CPearl River, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1991

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Dr
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Gregory E McElroy$13,000$13,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Investment income$383K · 88%
Contributions & grants$54K · 12%
Investment income88%$383K
Contributions & grants12%$54K
Total revenueLn 12$437K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.21 Fundraising $0.08
Program services72%$264K
Management & general21%$75K
Fundraising8%$28K
Total functional expensesLn 25$367K

Balance Sheet

Part X · end of year
CashLn 1$137K
Total assetsLn 16$3.7M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.7M
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.6M · Operating expenses/yr $367K
116.4 months
Where the money goes
Program services
Program services $264K · Total expenses $367K
72%
Management & General
Management & general $75K · Total expenses $367K
21%
Fundraising
Fundraising $28K · Total expenses $367K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $23K · Solicited contributions (3-yr avg) $44K
$0.52 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $54K · Total revenue $437K
12%
Government reliance
Government grants — · Total revenue $437K
Earned-income share
Program service revenue $0 · Total revenue $437K
0%
Investment reliance
Investment income $383K · Total revenue $437K
+88%
Program self-sufficiency
Program service revenue $0 · Total expenses $367K
0%
Growth & trend
Revenue growth (YoY)
This year $437K · Prior year $218K
+101%
Revenue CAGR
FY2020 $212K · FY2025 $437K
+16%
Net-asset trend (YoY)
End of year $3.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $437K · Expenses $367K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $3.7M
Net-asset ratio
Net assets $3.7M · Total assets $3.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.7M
93%
People & payroll
Highest Reported Total Compensation
Individual Bruce Belzak · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $367K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $367K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 21%
Fundraising cost ratio 51%
Revenue growth 101%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$10K
Grants paid · 16 grants · $935K · 2020–2025
Delta Phi FraternityFY2025$161,100
Unitemized GrantFY2025$53,500
Delta Phi Fraternity INCNY · FY2024$96,000
Unitemized GrantFY2024$42,250
Lambda Educational GrantFY2023$66,722
Delta Phi Fraternity INCNY · FY2023$56,400
Unitemized GrantFY2023$27,500
Nottingham GrantFY2023$10,500
Delta Phi Fraternity INCNY · FY2022$94,175
Unitemized GrantFY2022$25,500
Lambda Educational GrantFY2021$172,275
Delta Phi Fraternity INCNY · FY2021$45,707
Unitemized GrantFY2021$32,250
Delta Phi Fraternity INCNY · FY2020$23,800
Unitemized GrantFY2020$20,250
Chi ChapterCT · FY2020$7,398

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$437K revenue · viewing · ⤓ 990 PDF
FY2024$218K revenue · ⤓ 990 PDF
FY2023$210K revenue · ⤓ 990 PDF
FY2022$258K revenue · ⤓ 990 PDF
FY2021$352K revenue · ⤓ 990 PDF
FY2020$212K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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