To provide high school graduates who have limited financial resources access to higher education.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$481K 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

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $1.0M a year · 24% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$481K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $21.5M in investments, Pt X · Ln 11–13
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $587K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$31K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
-34% vs prior year
Spent
$3.6M
To programs
60%
Net assets
$24.0M
By yearFY2021–FY2025
Revenue
$3.9M
FY2024▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2021$3.0M
FY2022$3.7M
FY2023$5.9M
FY2024$3.9M
FY2025$5.2M
Expenses
$3.6M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.7M
FY2022$2.9M
FY2023$3.3M
FY2024$3.6M
FY2025$4.1M
Net assets
$24.0M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2021$20.3M
FY2022$20.3M
FY2023$21.4M
FY2024$24.0M
FY2025$25.5M

From the FY2024 Form 990 (year ending March 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Oct 2010.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $2.1M Management & general 40% · $1.4M

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

5 people listed on the 990; $481K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President/Ce
$342,626Pt VII · Sec A
Secretary/Tr
$138,692Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Chris D Ellis’s $413K as President/Ce is at the 98th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Chris D Ellis$412,684$342,626———
Chris Ellis——$258,295$260,010$228,271
Catherine Ellis——$142,432$145,316$105,827
Catherine D Ellis$139,737$138,692———

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 The Ellis Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps low-income high school graduates attend college.

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Provided by the organization

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3 programs · $2.1M · in their own filed words · FY2023
01

Educational scholarships to students who submit written applications to the foundation. A personal interview with foundation personnel is required for all potential scholarship recipients. Recipients must provide proof of enrollment and proof of grades in order to maintain the scholarship.

$2.1Mprogram expense
02

Assistance is provided to the beacon inc which is located in fort scott kansas. The beacon serves low income families in bourbon county by providing food and other basic necessities.

$36Kprogram expense
03

Donations to united we and university academy which are not for profit educational organizations in the kansas city missouri metro area.

$8Kprogram 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
See all 7 funders →
Grants paid · 12 grants · $9.9M · 2020–2024
Unitemized GrantFY2024$2,427,696
Beacon IncorporatedKS · FY2024$36,000
Unitemized GrantFY2024$10,000
Unitemized GrantFY2023$2,095,074
Beacon IncorporatedKS · FY2023$36,000
Individual RecipientFY2023$8,500
Unitemized GrantFY2022$1,829,221
Beacon IncorporatedKS · FY2022$41,000
Unitemized GrantFY2021$1,697,996
Beacon IncorporatedKS · FY2021$43,500
Unitemized GrantFY2020$1,596,224
Beacon IncorporatedKS · FY2020$48,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Gifts and grantsLn 1h$3.2M
Investment incomeLn 3$652K
Other incomeLn 4–11$9K
Money outPt IX
$3.6M
Ln 25
Programscol B$2.1M
Managementcol C$1.4M
Owns and owesPt X
$24.0M
net assets · Ln 32
Cash and savingsLn 1–2$319K
Total assetsLn 16$24.0M
LiabilitiesLn 26$31K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.2M
Noncash giftsLn 1g$154K
Investment incomeLn 3$652K
Other incomeLn 4–11$9K
Gains on assetsLn 7$201K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$319K
Cash and savings togetherLn 1–2$319K
InvestmentsLn 11–13$21.5M
Land, buildings, equipmentLn 10c$603K
Total assetsLn 16$24.0M
LiabilitiesLn 26$31K
Net assetsLn 32$24.0M
OperationsPt I, VI
EmployeesI 59
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$396K$319K
InvestmentsLn 11–13$18.4M$21.5M
Land, buildings, equipmentLn 10c$598K$603K
Total assetsLn 16$21.4M$24.0M
LiabilitiesLn 26$26K$31K
Net assetsLn 32$21.4M$24.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$44K$44K
Grants to domestic individualsLn 2$2.1M$2.1M
Pay of current officers, directors and key staffLn 5$468K$468K
Other salaries and wagesLn 7$530K$530K
Other employee benefitsLn 9$57K$57K
Payroll taxesLn 10$53K$53K
Management feesLn 11a$9K$9K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$89K$89K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$13K$13K
Information technologyLn 14$28K$28K
OccupancyLn 16$33K$33K
TravelLn 17$45K$45K
Depreciation, depletion and amortizationLn 22$73K$73K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$23K$23K
All other expensesLn 24e$165$165
Total functional expensesLn 25$3.6M$2.1M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.2M$4.1M$1.0M$25.5M 990 PDF
FY2024 Viewing $3.9M$3.6M$330K$24.0M 990 PDF
FY2023 $5.9M$3.3M$2.6M$21.4M 990 PDF
FY2022 $3.7M$2.9M$836K$20.3M 990 PDF
FY2021 $3.0M$2.7M$381K$20.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,909,229 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,557,877$3,247,866
I-9 Program service revenue$0
I-10 Investment incomePrior year $327,321$652,192
I-11 Other revenuePrior year $8,471$9,171
I-12 Total revenuePrior year $5,893,669$3,909,229
I-13 Grants and similar amounts paidPrior year $1,870,221$2,139,574
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,132,616$1,107,866
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $289,712$331,305
I-18 Total expensesPrior year $3,292,549$3,578,745
I-19 Revenue less expensesPrior year $2,601,120$330,484
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,909,229 across 7 lines filed
VIII-1f All other contributions, gifts and grants$3,247,866
VIII-1g Noncash contributions (included above)$153,948
VIII-1h Total contributions, gifts and grants$3,247,866
VIII-3 Investment incomeRelated to mission $451,493$451,493
VIII-7 Net gain or loss on sales of assetsRelated to mission $200,699$200,699
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,171$9,171
VIII-12 Total revenueRelated to mission $661,363$3,909,229
Part IX · Statement of functional expenses $3,578,745 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $44,500$44,500
IX-2 Grants to domestic individualsPrograms $2,095,074$2,095,074
IX-5 Pay of current officers, directors and key staffManagement $467,626$467,626
IX-7 Other salaries and wagesManagement $530,136$530,136
IX-9 Other employee benefitsManagement $57,367$57,367
IX-10 Payroll taxesManagement $52,737$52,737
IX-11a Management feesManagement $9,365$9,365
IX-11c Accounting feesManagement $7,875$7,875
IX-11f Investment management feesManagement $89,060$89,060
IX-12 Advertising and promotionManagement $8,245$8,245
IX-13 Office expensesManagement $12,749$12,749
IX-14 Information technologyManagement $28,030$28,030
IX-16 OccupancyManagement $32,682$32,682
IX-17 TravelManagement $45,175$45,175
IX-22 Depreciation, depletion and amortizationManagement $73,238$73,238
IX-23 InsuranceManagement $2,199$2,199
IX-24 Other expenses (24a–d)Management $22,522$22,522
IX-24e All other expensesManagement $165$165
IX-25 Total functional expensesPrograms $2,139,574 · Management $1,439,171 · Fundraising $0$3,578,745
Part X · Balance sheet $23,999,694 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $395,844$319,441
X-3 Pledges and grants receivableStart of year $2,000,000$1,500,000
X-4 Accounts receivable$20,043
X-9 Prepaid expenses and deferred chargesStart of year $23,558$11,730
X-10c Land, buildings and equipment, netStart of year $598,488$603,278
X-11 Publicly traded securitiesStart of year $18,404,743$21,545,202
X-16 Total assetsStart of year $21,422,633$23,999,694
X-17 Accounts payable and accrued expensesStart of year $26,210$31,000
X-26 Total liabilitiesStart of year $26,210$31,000
X-27 Net assets without donor restrictionsStart of year $15,679,096$17,047,882
X-28 Net assets with donor restrictionsStart of year $5,717,327$6,920,812
X-32 Total net assets or fund balancesStart of year $21,396,423$23,968,694
X-33 Total liabilities and net assetsStart of year $21,422,633$23,999,694
Part XI · Reconciliation of net assets $23,968,694 net assets at year end
XI-1 Total revenue$3,909,229
XI-2 Total expenses$3,578,745
XI-3 Revenue less expenses$330,484
XI-4 Net assets at start of year$21,396,423
XI-5 Net unrealized gains (losses) on investments$2,241,787
XI-10 Net assets at end of year$23,968,694

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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