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Eliada Foundation INC

Tax-deductible

Asheville, NC501(c)(3)Since 2004Human Services EIN 81-0620535Revenue $467K in FY2025

On file with the IRSPo Box 16708, 28816-0708 · Asheville, NCTax-exempt since Jun 2004Supporting organization — 509(a)(3)

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The Foundation exists and operates exclusively as a supporting organization of Eliada homes, INC.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 19 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
1 of 6
filings with a surplus
Average deficit $177K a year · 55% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Plus $3.2M in investments, Pt X · Ln 11–13
Fine: 0.2 months of spending in cash, plus $3.2M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$442K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$467K
+66% vs prior year
Spent
$612K
To programs
96%
Net assets
$10.3M
By yearFY2020–FY2025
Revenue
$467K
FY2025▲ +66%
Tap a bar for its year
Revenue by fiscal year
FY2020$421K
FY2021$136K
FY2022$533K
FY2023$103K
FY2024$281K
FY2025$467K
Expenses
$612K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$477K
FY2021$433K
FY2022$414K
FY2023$410K
FY2024$656K
FY2025$612K
Net assets
$10.3M
FY2025▲ +1.0%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.1M
FY2021$11.3M
FY2022$10.6M
FY2023$10.4M
FY2024$10.2M
FY2025$10.3M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2004.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $586K Management & general 4% · $26K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Woody Fish
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Tamara Lee
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Eliada Foundation 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 15aYes

Programs and updates

Supports Eliada Homes, Inc. by providing essential resources and services.

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Provided by the organization

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1 program · $586K · in their own filed words · FY2024
01

Eliada foundation inc holds assets (real estate and investments) on behalf of eliada homes inc, the foundation's supported organization. Eliada homes inc serves children of north carolina through a variety of therapeautic programs.

$586Kprogram 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
The Community Foundation of Western North Carolina INCFY2024$9K
Total grants receivedfrom 1 funder$9K
Grants paid · 7 grants · $1.3M · 2019–2024
Eliada Homes INCNC · FY2024$350,700
Eliada Homes INCNC · FY2023$350,700
Eliada Homes INCNC · FY2022$138,000
Eliada Homes INCNC · FY2021$138,000
Eliada Homes INCNC · FY2020$137,706
Eliada Homes INCNC · FY2019$137,706
Unitemized GrantFY2019$22,311

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$467K
Ln 12
Fees for servicesLn 2g$213K
Gifts and grantsLn 1h$116K
Investment incomeLn 3$83K
Money outPt IX
$612K
Ln 25
Programscol B$586K
Managementcol C$26K
Owns and owesPt X
$10.3M
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$10.8M
LiabilitiesLn 26$442K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$116K
Fees for servicesLn 2g$213K
Investment incomeLn 3$83K
Other incomeLn 4–11$56K
Gains on assetsLn 7$17K
Total revenueLn 12$467K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
InvestmentsLn 11–13$3.2M
Land, buildings, equipmentLn 10c$7.4M
Total assetsLn 16$10.8M
LiabilitiesLn 26$442K
Net assetsLn 32$10.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 619
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$65K$11K
InvestmentsLn 11–13$2.9M$3.2M
Land, buildings, equipmentLn 10c$7.6M$7.4M
Total assetsLn 16$10.6M$10.8M
LiabilitiesLn 26$408K$442K
Net assetsLn 32$10.2M$10.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$351K$351K
Office expensesLn 13$6K$6K
InterestLn 20$21K$21K
Depreciation, depletion and amortizationLn 22$235K$235K
Total functional expensesLn 25$612K$586K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $467K$612K−$145K$10.3M 990 PDF
FY2024 $281K$656K−$374K$10.2M 990 PDF
FY2023 $103K$410K−$307K$10.4M 990 PDF
FY2022 $533K$414K$119K$10.6M 990 PDF
FY2021 $136K$433K−$297K$11.3M 990 PDF
FY2020 $421K$477K−$56K$11.1M 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 O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $467,471 revenue, 12 lines filed
I-8 Contributions and grants$115,862
I-9 Program service revenuePrior year $212,700$212,700
I-10 Investment incomePrior year $68,763$82,916
I-11 Other revenue$55,993
I-12 Total revenuePrior year $281,463$467,471
I-13 Grants and similar amounts paidPrior year $350,700$350,700
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $305,023$261,273
I-18 Total expensesPrior year $655,723$611,973
I-19 Revenue less expensesPrior year −$374,260−$144,502
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
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 $467,471 across 7 lines filed
VIII-1f All other contributions, gifts and grants$115,862
VIII-1h Total contributions, gifts and grants$115,862
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $212,700$212,700
VIII-3 Investment incomeExcluded from tax $65,684$65,684
VIII-7 Net gain or loss on sales of assetsExcluded from tax $17,232$17,232
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $55,993$55,993
VIII-12 Total revenueRelated to mission $268,693 · Excluded from tax $82,916$467,471
Part IX · Statement of functional expenses $611,973 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $350,700$350,700
IX-13 Office expensesManagement $5,921$5,921
IX-20 InterestManagement $20,548$20,548
IX-22 Depreciation, depletion and amortizationPrograms $234,804$234,804
IX-25 Total functional expensesPrograms $585,504 · Management $26,469 · Fundraising $0$611,973
Part X · Balance sheet $10,780,414 assets, 11 lines filed
Asset lines not itemized here account for $121,160; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $65,432$11,215
X-10c Land, buildings and equipment, netStart of year $7,603,958$7,436,612
X-11 Publicly traded securitiesStart of year $1,740,526$2,000,136
X-12 Other securitiesStart of year $1,142,110$1,211,291
X-16 Total assetsStart of year $10,647,071$10,780,414
X-25 Other liabilitiesStart of year $13,060$68,082
X-26 Total liabilitiesStart of year $408,459$442,059
X-27 Net assets without donor restrictionsStart of year $8,920,134$8,890,290
X-28 Net assets with donor restrictionsStart of year $1,318,478$1,448,065
X-32 Total net assets or fund balancesStart of year $10,238,612$10,338,355
X-33 Total liabilities and net assetsStart of year $10,647,071$10,780,414
Part XI · Reconciliation of net assets $10,338,355 net assets at year end
XI-1 Total revenue$467,471
XI-2 Total expenses$611,973
XI-3 Revenue less expenses−$144,502
XI-4 Net assets at start of year$10,238,612
XI-5 Net unrealized gains (losses) on investments$244,245
XI-10 Net assets at end of year$10,338,355

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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