Civic Intelligence

Elea Institute (Fka Journeycare Inc)

990 • Fiscal year 2024 • EIN 36-3305643

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 28, 2025

1055 W Bryn Mawr Ste F Suite 330Chicago, IL 60660

(312) 927-1904

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

9th percentile

0.01x

Higher debt load relative to assets than 9% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

41st percentile

0.33x

Higher debt load relative to revenue than 41% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

27th percentile

-1.7%

Higher net margin than 27% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

17th percentile

$246,125

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

51st percentile

6.7%

Faster asset growth than 51% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-15%

Faster revenue growth than 10% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$134,286,836

Up $8,432,637 (+6.7%) from 2023

Net Assets

Up

$133,195,522

Up $8,158,195 (+6.5%) from 2023

Liabilities

Up

$1,091,314

Up $274,442 (+34%) from 2023

Revenue

Down

$3,341,967

Down $598,468 (-15%) from 2023

Expenses

Up

$3,399,198

Up $1,334,087 (+65%) from 2023

Net Income

Down

-$57,231

Down $1,932,555 (-103%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $26,509,257Liabilities 2011: $6,149,502Net Assets 2011: $20,359,7552011Assets 2013: $31,439,771Liabilities 2013: $4,940,544Net Assets 2013: $26,499,2272013Assets 2014: $35,074,665Liabilities 2014: $6,358,578Net Assets 2014: $28,716,0872014Assets 2015: $72,443,639Liabilities 2015: $16,699,027Net Assets 2015: $55,744,6122015Assets 2016: $66,167,600Liabilities 2016: $20,245,990Net Assets 2016: $45,921,6102016Assets 2017: $62,274,409Liabilities 2017: $19,220,444Net Assets 2017: $43,053,9652017Assets 2018: $63,271,166Liabilities 2018: $17,476,827Net Assets 2018: $45,794,3392018Assets 2019: $77,226,487Liabilities 2019: $69,623,847Net Assets 2019: $7,602,6402019Assets 2020: $97,968,377Liabilities 2020: $50,544,215Net Assets 2020: $47,424,1622020Assets 2021: $93,764,887Liabilities 2021: $39,341,125Net Assets 2021: $54,423,7622021Assets 2022: $132,107,047Liabilities 2022: $1,788,961Net Assets 2022: $130,318,0862022Assets 2023: $125,854,199Liabilities 2023: $816,872Net Assets 2023: $125,037,3272023Assets 2024: $134,286,836Liabilities 2024: $1,091,314Net Assets 2024: $133,195,5222024

Highlighted filing

2024

Assets$134,286,836
Liabilities$1,091,314
Net Assets$133,195,522

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MExpenses 2011: $18,705,0292011Revenue 2013: $31,351,756Expenses 2013: $28,919,667Net Income 2013: $2,432,0892013Revenue 2014: $38,732,452Expenses 2014: $36,448,040Net Income 2014: $2,284,4122014Revenue 2015: $70,534,389Expenses 2015: $71,648,806Net Income 2015: -$1,114,4172015Revenue 2016: $87,531,114Expenses 2016: $97,445,434Net Income 2016: -$9,914,3202016Revenue 2017: $89,541,530Expenses 2017: $92,409,175Net Income 2017: -$2,867,6452017Revenue 2018: $95,942,782Expenses 2018: $93,202,408Net Income 2018: $2,740,3742018Revenue 2019: $63,084,808Expenses 2019: $101,187,971Net Income 2019: -$38,103,1632019Revenue 2020: $71,910,052Expenses 2020: $70,373,218Net Income 2020: $1,536,8342020Revenue 2021: $69,461,099Expenses 2021: $62,567,974Net Income 2021: $6,893,1252021Revenue 2022: $80,549,075Expenses 2022: $4,635,081Net Income 2022: $75,913,9942022Revenue 2023: $3,940,435Expenses 2023: $2,065,111Net Income 2023: $1,875,3242023Revenue 2024: $3,341,967Expenses 2024: $3,399,198Net Income 2024: -$57,2312024

Highlighted filing

2024

Revenue$3,341,967
Expenses$3,399,198
Net Income-$57,231
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 28, 2025
Return Version
2024v5.2
Gross Receipts
$42,218,112
Mission and Program Overview

Mission

Our mission, "Make every moment count for those touched by serious illness and loss," lives in the expert care and support to our patients and their families facing life-limiting illness to live life to its fullest and have the best days possible. In 2014, the organization provided charity care of $1.1 million.

Elea institute leads national efforts to expand access to high-quality hospice and palliative care. We support patients, caregivers, and healthcare providers through research, educational resources, grants and other wide-ranging initiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$76,231,056$85,913,769▲ $9,682,713
Investments Other Securities$15,873,403$25,696,091▲ $9,822,688
Cash and Non-Interest-Bearing Accounts$19,855,846$10,430,396▼ $9,425,450
Land, Buildings, and Equipment, Net$9,494,149$9,055,585▼ $438,564
Prepaid Expenses and Deferred Charges$839,917$625,706▼ $214,211
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$125,854,199$134,286,836▲ $8,432,637
Other Assets Total$3,559,828$2,565,289▼ $994,539
Liabilities
Accounts Payable and Accrued Expenses$733,195$1,005,127▲ $271,932
Deferred Revenue$83,677$86,187▲ $2,510
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$816,872$1,091,314▲ $274,442
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$125,037,327$133,195,522▲ $8,158,195
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$125,037,327$133,195,522▲ $8,158,195
Total Liabilities and Net Assets / Fund Balance$125,854,199$134,286,836▲ $8,432,637

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,998,716$9,600,217$16,598,933
Land$1,768,425-$1,768,425
Leasehold Improvements$175,917$192,252$368,170
Equipment$68,360$99,016$167,376
Other Land Buildings$44,167$5,833$50,000
Other Securities$5,138,276--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Candyce MayerCFO/COOFT$246,125$22,289$268,414

Board Members and Trustees

NameTitle
Kent MathyChair/president
Jeff BoundyBoard
Kelly Conroy KenneyBoard
Julia CormierSecretary
Mead MontgomeryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Healthsperien LLCCONSULTANT Services601 Massachusetts Ave NW, Washington, DC 20001$270,000
Locust Street Solutions LLCCONSULTANT Services1307 New York Ave NW, Washington Dc, DC 20005$260,325
Arnold Porter Kaye Scholer LLPLegal Services601 Massachusetts Ave NW, Washington, DC 20001$134,054
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,068,430
Other Revenue
$-726,463
Change in Net Assets
$-57,231

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,341,967
Revenue Not Reported on Form 990
$9,265,425
Total Revenue per Audited Statements
$12,607,392
Total Revenue per Form 990
$3,341,967
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,619,920
Other Expenses$1,478,025
Salaries, Compensation, and Employee Benefits$301,253
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,619,920--$1,619,920
All Other Expenses$366,609$1,538-$368,147
Advertising$174,690$96,897-$271,587
Insurance$123,666$123,666-$247,331
Current Officers, Directors, Trustees, and Key Employees$123,062$123,062-$246,124
Fees for Services Accounting-$130,854-$130,854
Fees for Services Legal-$45,379-$45,379
Other Salaries and Wages$13,986$13,986-$27,972
Information Technology$11,665$11,665-$23,330
Office Expenses$1,874$21,280-$23,156
Payroll Taxes$7,358$7,358-$14,716
Other Employee Benefits$6,221$6,221-$12,441
Depreciation Depletion-$5,833-$5,833
Occupancy$1,845$1,845-$3,690
Other Expenses$350,000$3,639-$3,639
Travel$1,574--$1,574
Total Functional Expenses$2,804,001$595,197$0$3,399,198

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,449,198
Expenses per Audited Statements$3,399,198
Total Expenses per Form 990$3,399,198
Expenses Not Reported on Form 990$1,050,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Joliet Area Community Hospice dbaJoliet, IL501(c)(3)General Funding$627,500
The Coalition to Transform Advanced CareWashington DC, DC501(c)(3)General Funding$418,000
National Partnership for Healthcare and Hospice InWashington DC, DC501(c)(3)General Funding$289,750
Home Centered Care Institute (HCCI)Schaumburg, IL501(c)(3)General Funding$146,250
Illinois Hospice & Palliative Care OrganizationOakbrook Terrace, IL501(c)(3)General Funding$57,000
Loyola University Medical CenterMaywood, IL501(c)(3)General Funding$47,500
Serenity Hospice and Home FoundationOregon, IL501(c)(3)General Funding$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI 8B, Documentation of Meetings Held by Committees of Governing Body

The organization has an investment committee with authority to act on behalf of the governing body, and a grant commitee that meets and provides recommendations to the full board for funding.

Part VI 12C, Conflict of Interest Policy

The organization has a written conflict of interest policy which requires employees and board members to sign a conflict of interest agreement and disclosure statement upon employment or appointment, and update the statement annually. Disclosure of a potential conflict will be reviewed by the ceo, and the actions taken will be noted in a log maintained by the ceo. If a member of the governing board notes a potential conflict of interest, the board will render a decision of that member's eligibility to be part of voting, if applicable, and that decision will be documented in the minutes of the meeting.

Part VI 19, Required Documents Available to the Public

Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code (irc) section 6104. These documents are not available to the public at this time.

Filing and Contact Details

Filer

Filer Name
Elea Institute
EIN
36-3305643
In Care Of
% CANDYCE M MAYER
Phone
3129271904
Address
1055 W Bryn Mawr Ste F Suite 330, Chicago, IL 60660

Signing Officer

Name
Candyce Mayer
Title
CFO/COO
Phone
3129271904
Signed
2025-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Candyce Mayer
Formed
1984
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
0

Preparer

Firm
Miller Cooper & Co Ltd
Address
3 Parkway North Blvd Suite 200, Deerfield, IL 60015
Preparer
Kathy Kirchschlager
Phone
8472055000
Supplemental Narrative

Additional Explanations

Part XI, Line 9

Elea institute recorded an impairment loss on an asset held for sale not deductible for tax purposes.

Form 990 Part IX Line 24 - Other Expenses

Description:other professional fees total expenses:368147 program services:366609 management and general:1538

Financial Statement Notes

Part X, Line 2 - Fin 48 (asc 740) Footnote

The Organization is exempt from income taxes on income from related activities under Section 501(c)(3) of the U.S. Internal Revenue Code and corresponding state tax law. U.S. GAAP requires that a tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. Management has analyzed the tax positions taken by the Organization and has concluded that as of December 31, 2024 there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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