Eleos Capital INC: Nonprofit Profile, Financials & Form 990 (EIN 47-3609541)

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

63 cents of each dollar spent went to programs.

63%

25%

12%

Program services 63% · $175K Management & general 25% · $71K Fundraising 12% · $34K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation

Jong Yoon Woo

President

$0Pt VII · Sec A

Janny Lee

Secretary

$0Pt VII · Sec A

Philip Kim

Treasurer

$0Pt VII · Sec A

See Eleos Capital INC 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

Promotes philanthropy by supporting charitable giving through a donor-advised fund program.

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Provided by the organization

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1 program · $175K · in their own filed words · FY2020

01

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.

$175Kprogram 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 · FY2023

Amazonsmile FoundationFY2023$17

Total grants receivedfrom 1 funder$17

Grants paid · 3 grants · $134K · 2020–2020

Embers International INCNJ · FY2020$65,000

Restore Nyc INCNY · FY2020$53,550

Hope for New YorkNY · FY2020$15,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$781K

Ln 12

Investment incomeLn 3$602K

Gifts and grantsLn 1h$178K

Money outPt IX

$280K

Ln 25

Programscol B$175K

Managementcol C$71K

Fundraisingcol D$34K

Owns and owesPt X

$1.7M

net assets · Ln 32

Cash and savingsLn 1–2$18K

Total assetsLn 16$1.7M

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$178K

Noncash giftsLn 1g$158K

Investment incomeLn 3$602K

Gains on assetsLn 7$602K

Total revenueLn 12$781K

Assets in detailPt X, end of year

CashLn 1$18K

Cash and savings togetherLn 1–2$18K

InvestmentsLn 11–13$1.7M

Total assetsLn 16$1.7M

LiabilitiesLn 26$0

Net assetsLn 32$1.7M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$15K	$18K
InvestmentsLn 11–13	$778K	$1.7M
Total assetsLn 16	$794K	$1.7M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$794K	$1.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$142K	$142K
Other fees for servicesLn 11g	$135K	$34K	$68K	$34K
Office expensesLn 13	$3K		$3K
Information technologyLn 14	$369		$369
Total functional expensesLn 25	$280K	$175K	$71K	$34K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2020 Latest Viewing	$781K	$280K	$500K	$1.7M	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 (6 parts)

Part I · Summary $780,590 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $236,360$178,091

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $148,729$602,499

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $385,089$780,590

I-13 Grants and similar amounts paidPrior year $72,500$141,650

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $113,063$138,846

I-18 Total expensesPrior year $185,563$280,496

I-19 Revenue less expensesPrior year $199,526$500,094

Part VI · Governance 2 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members2

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $780,590 across 6 lines filed

VIII-1f All other contributions, gifts and grants$178,091

VIII-1g Noncash contributions (included above)$158,075

VIII-1h Total contributions, gifts and grants$178,091

VIII-3 Investment incomeExcluded from tax $3$3

VIII-7 Net gain or loss on sales of assetsExcluded from tax $602,496$602,496

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $602,499$780,590

Part IX · Statement of functional expenses $280,496 across 4 lines filed

IX-1 Grants to domestic organizationsPrograms $141,650$141,650

IX-11g Other fees for servicesPrograms $33,750 · Management $67,500 · Fundraising $33,750$135,000

IX-13 Office expensesManagement $3,477$3,477

IX-14 Information technologyManagement $369$369

IX-25 Total functional expensesPrograms $175,400 · Management $71,346 · Fundraising $33,750$280,496

Part X · Balance sheet $1,725,823 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $15,447$18,174

X-11 Publicly traded securitiesStart of year $778,090$1,707,649

X-16 Total assetsStart of year $793,537$1,725,823

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $793,537$1,725,823

X-32 Total net assets or fund balancesStart of year $793,537$1,725,823

X-33 Total liabilities and net assetsStart of year $793,537$1,725,823

Part XI · Reconciliation of net assets $1,725,823 net assets at year end

XI-1 Total revenue$780,590

XI-2 Total expenses$280,496

XI-3 Revenue less expenses$500,094

XI-4 Net assets at start of year$793,537

XI-5 Net unrealized gains (losses) on investments$432,192

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,725,823

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

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Eleos Capital INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Eleos Capital INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV