St Elmo Foundation C/O Gregory McElroy FY2020 filing

Tax-deductible

Pearl River, NY501(c)(3)EIN 13-6170013

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To aid, encourage, promote and contribute to the learning, education and welfare of students.

501(c)(3) charity; gifts are tax-deductible.
47¢ of each $1 spent went to programs.
$13K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $25K a year · 9% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$13K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$212K
Spent
$124K
To programs
47%
Net assets
$3.3M
By yearFY2020–FY2025
Revenue
$212K
FY2020
Revenue by fiscal year
FY2020$212K
FY2021$352K
FY2022$258K
FY2023$210K
FY2024$218K
FY2025$437K
Expenses
$124K
FY2020
Expenses by fiscal year
FY2020$124K
FY2021$320K
FY2022$196K
FY2023$269K
FY2024$259K
FY2025$367K
Net assets
$3.3M
FY2020
Net assets by fiscal year
FY2020$3.3M
FY2021$3.6M
FY2022$3.1M
FY2023$3.2M
FY2024$3.3M
FY2025$3.7M

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

47 cents of each dollar spent went to programs.

Program services 47% · $59K Management & general 32% · $40K Fundraising 20% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $13K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dr
$13,000Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

See St Elmo Foundation C/O Gregory McElroy executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports student learning, education, and welfare through aid and encouragement.

Provided by the organization

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1 program · $59K · in their own filed words · FY2020
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

$59Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$10K
Grants paid · 16 grants · $935K · 2020–2025
Individual RecipientFY2025$161,100
Unitemized GrantFY2025$53,500
Delta Phi Fraternity INCNY · FY2024$96,000
Unitemized GrantFY2024$42,250
Individual RecipientFY2023$66,722
Delta Phi Fraternity INCNY · FY2023$56,400
Unitemized GrantFY2023$27,500
Individual RecipientFY2023$10,500
Delta Phi Fraternity INCNY · FY2022$94,175
Unitemized GrantFY2022$25,500
Individual RecipientFY2021$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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$212K
Ln 12
Gifts and grantsLn 1h$138K
Investment incomeLn 3$74K
Money outPt IX
$124K
Ln 25
Programscol B$59K
Managementcol C$40K
Fundraisingcol D$25K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$179K
Total assetsLn 16$3.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$138K
Investment incomeLn 3$74K
Gains on assetsLn 7$19K
Total revenueLn 12$212K
Assets in detailPt X, end of year
CashLn 1$179K
Cash and savings togetherLn 1–2$179K
InvestmentsLn 11–13$3.1M
Other assetsLn 15$22K
Total assetsLn 16$3.3M
LiabilitiesLn 26$0
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$147K$179K
InvestmentsLn 11–13$2.9M$3.1M
Total assetsLn 16$3.1M$3.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.1M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$33K$33K
Grants to domestic individualsLn 2$20K$20K
Management feesLn 11a$13K$13K
Accounting feesLn 11c$5K$5K
Professional fundraising feesLn 11e$25K$25K
Investment management feesLn 11f$20K$20K
Office expensesLn 13$278$278
Conferences, conventions and meetingsLn 19$802$201$521$80
InsuranceLn 23$6K$6K
Total functional expensesLn 25$124K$59K$40K$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $437K$367K$70K$3.7M 990 PDF
FY2024 $218K$259K−$41K$3.3M 990 PDF
FY2023 $210K$269K−$59K$3.2M 990 PDF
FY2022 $258K$196K$62K$3.1M 990 PDF
FY2021 $352K$320K$32K$3.6M 990 PDF
FY2020 Viewing $212K$124K$88K$3.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $211,806 across 5 lines filed
VIII-1f All other contributions, gifts and grants$137,783
VIII-1h Total contributions, gifts and grants$137,783
VIII-3 Investment incomeExcluded from tax $55,183$55,183
VIII-7 Net gain or loss on sales of assetsRelated to mission $18,840$18,840
VIII-12 Total revenueRelated to mission $18,840 · Excluded from tax $55,183$211,806
Part IX · Statement of functional expenses $123,756 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $33,198$33,198
IX-2 Grants to domestic individualsPrograms $20,250$20,250
IX-11a Management feesManagement $13,000$13,000
IX-11c Accounting feesPrograms $5,000$5,000
IX-11e Professional fundraising feesFundraising $24,929$24,929
IX-11f Investment management feesManagement $20,119$20,119
IX-13 Office expensesManagement $278$278
IX-19 Conferences, conventions and meetingsPrograms $201 · Management $521 · Fundraising $80$802
IX-23 InsuranceManagement $6,180$6,180
IX-25 Total functional expensesPrograms $58,649 · Management $40,098 · Fundraising $25,009$123,756
Part X · Balance sheet $3,309,643 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $147,351$178,848
X-11 Publicly traded securitiesStart of year $2,920,787$3,108,336
X-15 Other assetsStart of year $8,770$22,459
X-16 Total assetsStart of year $3,076,908$3,309,643
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,754,838$2,850,922
X-28 Net assets with donor restrictionsStart of year $322,070$458,721
X-32 Total net assets or fund balancesStart of year $3,076,908$3,309,643
X-33 Total liabilities and net assetsStart of year $3,076,908$3,309,643
Part XI · Reconciliation of net assets $3,309,643 net assets at year end
XI-1 Total revenue$211,806
XI-2 Total expenses$123,756
XI-3 Revenue less expenses$88,050
XI-4 Net assets at start of year$3,076,908
XI-5 Net unrealized gains (losses) on investments$144,685
XI-10 Net assets at end of year$3,309,643

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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