Elm Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 83-3984300)

Revenue by fiscal year
FY2021	$115K
FY2022	$189K
FY2023	$199K
FY2024	$374K
FY2025	$433K

Expenses by fiscal year
FY2021	Not on file
FY2022	Not on file
FY2023	Not on file
FY2024	$401K
FY2025	$425K

Net assets by fiscal year
FY2021	$14K
FY2022	$107K
FY2023	$115K
FY2024	$806
FY2025	$9K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2019.

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

Where the money goes

37 cents of each dollar spent went to programs.

37%

63%

Program services 37% · $156K Management & general 63% · $269K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation

Melinda McCoy

Director

$0Pt VII · Sec A

Paul Eisenberg

Treasurer

$0Pt VII · Sec A

See Elm 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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes healing through art therapy, education, and artist-youth mentorships.

Provided by the organization

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3 programs · $156K · in their own filed words · FY2025

01

Education

Throughout the year, ELM offers free after-school arts classes in 8-week sessions 4 times a year, impacting approximately 150 children annually in our community. ELM Foundation is committed to providing accessible, free art education programs for youth in our community.

$86Kprogram expense

02

Gallery

The Boiler, ELM Foundations gallery and exhibition space, provides equitable access for artists and promotes diversity in contemporary and community arts programming. Serving as a vibrant hub for creativity and mentorship.

$39Kprogram expense

03

Community

ELM aims to be a cornerstone of support and unity in the community, focusing on nurturing creatives, children, and families through inclusive initiatives. Our cherished annual free events, like our Halloween party BOO BASH, Pride Fair, and Birthday celebration, demonstrate community solidarity, supported by families, volunteers, and…

$31Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$433K

Ln 12

Gifts and grantsLn 1h$433K

Money outPt IX

$425K

Ln 25

Programscol B$156K

Managementcol C$269K

Owns and owesPt X

$9K

net assets · Ln 32

Cash and savingsLn 1–2$9K

Total assetsLn 16$9K

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$433K

Noncash giftsLn 1g$304K

Total revenueLn 12$433K

Assets in detailPt X, end of year

CashLn 1$9K

Cash and savings togetherLn 1–2$9K

Total assetsLn 16$9K

LiabilitiesLn 26$0

Net assetsLn 32$9K

OperationsPt I, VI

EmployeesI 55

VolunteersI 657

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$806	$9K
Total assetsLn 16	$806	$9K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$806	$9K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$86K	$15K	$71K	$0
Payroll taxesLn 10	$9K	$2K	$7K	$0
Other fees for servicesLn 11g	$3K	$2K	$1K	$0
Office expensesLn 13	$3K	$308	$3K	$0
OccupancyLn 16	$304K	$121K	$182K	$0
Other expenses (24a–d)Ln 24	$21K	$16K	$5K	$0
Total functional expensesLn 25	$425K	$156K	$269K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$433K	$425K	$8K	$9K	990 PDF
FY2024	$374K	$401K	−$27K	$806	990 PDF
FY2023	$199K			$115K	990 PDF
FY2022	$189K			$107K	990 PDF
FY2021	$115K			$14K	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 FY2025 990 (6 parts)

Part I · Summary $433,014 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $374,361$433,014

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $374,361$433,014

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $101,697$95,000

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $299,406$330,118

I-18 Total expensesPrior year $401,103$425,118

I-19 Revenue less expensesPrior year −$26,742$7,896

Part VI · Governance 6 of 6 board members independent, 4 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-14 Document retention and destruction policyNo

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

VI-13 Written whistleblower policyYes

Part VIII · Statement of revenue $433,014 across 4 lines filed

VIII-1f All other contributions, gifts and grants$433,014

VIII-1g Noncash contributions (included above)$303,621

VIII-1h Total contributions, gifts and grants$433,014

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$433,014

Part IX · Statement of functional expenses $425,118 across 6 lines filed

IX-7 Other salaries and wagesPrograms $14,597 · Management $70,998 · Fundraising $0$85,595

IX-10 Payroll taxesPrograms $2,351 · Management $7,054 · Fundraising $0$9,405

IX-11g Other fees for servicesPrograms $1,581 · Management $1,157 · Fundraising $0$2,738

IX-13 Office expensesPrograms $308 · Management $2,770 · Fundraising $0$3,078

IX-16 OccupancyPrograms $121,448 · Management $182,173 · Fundraising $0$303,621

IX-24 Other expenses (24a–d)Programs $15,565 · Management $5,116 · Fundraising $0$20,681

IX-25 Total functional expensesPrograms $155,850 · Management $269,268 · Fundraising $0$425,118

Part X · Balance sheet $8,702 assets, 5 lines filed

X-1 Cash, non-interest-bearingStart of year $806$8,702

X-16 Total assetsStart of year $806$8,702

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $806$8,702

X-33 Total liabilities and net assetsStart of year $806$8,702

Part XI · Reconciliation of net assets $8,702 net assets at year end

XI-1 Total revenue$433,014

XI-2 Total expenses$425,118

XI-3 Revenue less expenses$7,896

XI-4 Net assets at start of year$806

XI-10 Net assets at end of year$8,702

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

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