Civic Intelligence

Elon Homes Childrens Foundation Inc

990 • Fiscal year 2014 • EIN 56-2011613

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

Organization ProfileWWW.ELONHOMES.ORG
PO Box 15727244

(704) 369-2505

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

98th percentile

90%

Higher net margin than 98% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

87th percentile

$287,026

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 46.8% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

7th percentile

-12%

Faster asset growth than 7% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets6th percentile

Assets

Down

$7,474,370

Down $1,038,490 (-12%) from 2013

Net Assets

Down

$7,474,370

Down $948,381 (-11%) from 2013

Liabilities

Down

$0

Down $90,109 (-100%) from 2013

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin98th percentile

Revenue

$613,018

No earlier filing loaded for comparison.

Expenses

Down

$61,190

Down $1,196 (-1.9%) from 2013

Net Income

$551,828

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$15M$10M$5.0M$0Assets 2010: $10,239,970Liabilities 2010: $0Net Assets 2010: $10,239,9702010Assets 2011: $11,026,757Liabilities 2011: $0Net Assets 2011: $11,026,7572011Assets 2012: $8,011,503Liabilities 2012: $0Net Assets 2012: $8,011,5032012Assets 2013: $8,512,860Liabilities 2013: $90,109Net Assets 2013: $8,422,7512013Assets 2014: $7,474,370Liabilities 2014: $0Net Assets 2014: $7,474,3702014Assets 2015: $6,439,700Liabilities 2015: $0Net Assets 2015: $6,439,7002015Assets 2017: $6,232,084Liabilities 2017: $0Net Assets 2017: $6,232,0842017Assets 2018: $6,075,431Liabilities 2018: $0Net Assets 2018: $6,075,4312018Assets 2019: $6,089,666Liabilities 2019: $0Net Assets 2019: $6,089,6662019Assets 2020: $5,932,649Liabilities 2020: $0Net Assets 2020: $5,932,6492020Assets 2021: $1Liabilities 2021: $02021

Highlighted filing

2014

Assets$7,474,370
Liabilities$0
Net Assets$7,474,370
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0Expenses 2010: $55,0992010Expenses 2011: $53,0912011Expenses 2012: $53,6572012Expenses 2013: $62,3862013Revenue 2014: $613,018Expenses 2014: $61,190Net Income 2014: $551,8282014Revenue 2015: $521,649Expenses 2015: $94,536Net Income 2015: $427,1132015Revenue 2017: $154,833Expenses 2017: $35,617Net Income 2017: $119,2162017Revenue 2018: $137,091Expenses 2018: $37,069Net Income 2018: $100,0222018Revenue 2019: $194,861Expenses 2019: $35,819Net Income 2019: $159,0422019Revenue 2020: $151,648Expenses 2020: $34,513Net Income 2020: $117,1352020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021

Highlighted filing

2014

Revenue$613,018
Expenses$61,190
Net Income$551,828
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$5,392,252
Mission and Program Overview

Mission

The foundation provides funding to elon homes and schools for children to support its mission to provide safe haven, life skills and education to children in its care. Elon homes fulfills its mission through its two primary programs: community-based foster care and the foster care village.

The foundation provides funding to elon homes and schools for children to support its mission to provide safe haven, life skills and education to children in its care. Elon homes fulfills its mission through its three primary programs: community-based foster care, kids central of the carolinas behavioral and mental health services, and kennedy charter public school. These programs served over 850 children during the fiscal year.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,271,045$4,606,555▼ $3,664,490
Pledges and Grants Receivable$231,082$138,136▼ $92,946
Cash and Non-Interest-Bearing Accounts$5,543$5,133▼ $410
Accounts Receivable$0--
Total Assets$8,512,860$7,474,370▼ $1,038,490
Other Assets Total$5,190$2,724,546▲ $2,719,356
Liabilities
Accounts Payable and Accrued Expenses$90,109$0▼ $90,109
Total Liabilities$90,109$0▼ $90,109
Net Assets / Fund Balance
Unrestricted Net Assets$5,276,724$4,649,710▼ $627,014
Permanently Rstr Net Assets$3,136,994$2,817,544▼ $319,450
Temporarily Rstr Net Assets$9,033$7,116▼ $1,917
Total Net Assets Fund Balance$8,422,751$7,474,370▼ $948,381
Total Liabilities and Net Assets / Fund Balance$8,512,860$7,474,370▼ $1,038,490

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$5,190--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$3,271,947$2,335▲ $854,484$1,770,374$2,297,202
2012$3,310,665$114,820▲ $636,464$277,616$3,721,947
2011$6,325,920$670,415▼ $67,353$3,564,660$3,310,665
2010$6,633,346$8,135▲ $1,123,964$292,218$7,420,136
2009$6,566,773$244,592▲ $901,607$385,823$7,274,310
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleOtherTotal
Rev Dr Frederick G GrossePresident/CEO (see Footnote - Sch J, Part Iii)$287,026$287,026
Jane GrosseVP Institutional Advancement$144,759$144,759
Andrea RollinsVP Administration$79,265$79,265
Rose CooperVP Institutional Performance$76,954$76,954

Board Members and Trustees

NameTitle
Jane ParrishChair
Rev Dr Frederick G GrossePresident/CEO (see Footnote - Sch J,
Brad GilliamMember
Edward DavisMember
Jim HumphreyMember
Michael BaldanadoMember
Mike StewartMember
Peter EstelleMember
Rondell GaddistMember
Sue PascucciMember
Veronica RitchieMember
Revenue and Support

Revenue Composition

Contributions and Grants
$2,335
Program Service Revenue
$0
Investment Income
$610,683
Other Revenue
$0
All Other Contributions
$2,335
Change in Net Assets
$551,828

Audited Revenue Reconciliation

Revenue per Audited Statements
$613,018
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$243,808
Total Revenue per Audited Statements
$856,826
Total Revenue per Form 990
$613,018
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$61,190
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$61,190--$61,190
Total Functional Expenses$61,190$0$0$61,190

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,805,206
Expenses Not Reported on Form 990$1,744,016
Expenses per Audited Statements$61,190
Total Expenses per Form 990$61,190
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Frederick and jane grosse are husband and wife.”

Form 990, Part VI, Section B, Line 11

“Copies of the 990 were provided to the board of governors and management prior to filing by the third party preparer. The board reviewed the 990 via electronic means (email) and discussed the results of the return as necessary.”

Form 990, Part VI, Section B, Line 12C

“Board cadidates disclose any potential conflicts of interest to their appointment to the board. Conflicts of interest are then reviewed annually.”

Form 990, Part VI, Section C, Line 18

“Copies of the tax returns are provided to the public upon their request to the vice president of administration.”

Form 990, Part VI, Section C, Line 19

“Copies of the tax returns are provided to the public upon their request to the vice president of administration.”

Form 990, Part VII, Section A

“Elon homes & schools for children, inc., the related parent organization of elon homes children's foundation, employs management personnel who oversee the operations of not only that corporation by also kennedy charter public school, kids central of the carolinas llc, elon homes children's foundation and the boys town mecklenburg county trust. These employees include rev. Dr. Frederick g. Grosse, president/ceo; andrea rollins, v.p. Administration; jane grosse, v.p. Institutional advancement; and rose cooper, v.p. Institutional performance.”

Filing and Contact Details

Filer

EIN
56-2011613
Phone
7043692505

Signing Officer

Name
Dr Frederick G Grosse
Title
President
Phone
7043692505
Signed
2015-05-15

Organization Details

Principal Officer
Dr Frederick G Grosse
Formed
1996
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Preparer
Patricia B Rhodes
Phone
3362267343
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfers to related organizations -1,744,017.”

FORM 990, PART XII, LINE 2C:

“There have been no changes from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Effective july 1, 2009, the organization adopted fasb asc 740, income taxes, which provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the consolidated financial statements. The guidance requires the evaluation of tax positions taken or expected to be taken in the organization's tax returns to determine whether the tax positions are more likely than not of being sustained by the applicable tax authority upon examination. The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, except on net income derived from activities unrelated to its business purpose. The organization believes that it has sufficient justification for any tax positions taken, including allocation of expenses to its unrelated business income and as such, does not have any uncertain tax positions that are material to the financial statements. Generally, federal income tax returns are subject to examination by the internal revenue service for three years after they are filed. As of the report date (december 30, 2013), the organization's federal exempt organization business income tax returns (form 990) for 2011, 2010 and 2009 remain subject to said examination.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Transfer of assets - elon homes and schools for children 1,744,016.”

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IRS990/MissionDesc0THE FOUNDATION PROVIDES FUNDING TO ELON HOMES AND SCHOOLS FOR CHILDREN TO SUPPORT ITS MISSION TO PROVIDE SAFE HAVEN, LIFE SKILLS AND EDUCATION TO CHILDREN IN ITS CARE. ELON HOMES FULFILLS ITS MISSION THROUGH ITS THREE PRIMARY PROGRAMS: COMMUNITY-BASED FOSTER CARE, KIDS CENTRAL OF THE CAROLINAS BEHAVIORAL AND MENTAL HEALTH SERVICES, AND KENNEDY CHARTER PUBLIC SCHOOL. THESE PROGRAMS SERVED OVER 850 CHILDREN DURING THE FISCAL YEAR.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt08422751
IRS990/NetAssetsOrFundBalancesEOYAmt07474370
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0472332
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0472332
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0243808
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05190
IRS990/OtherAssetsTotalGrp/EOYAmt02724546
IRS990/OtherChangesInNetAssetsAmt0-1744017
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03136994
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02817544
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0231082
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0138136
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DR FREDERICK G GROSSE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0114820
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0280993
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0395813
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0395813
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0551828
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0560543225
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd00
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc0501(C)
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01770374
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10ELON HOMES AND SCHOOLS FOR CHILDREN
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt01770374
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt061190
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03271947
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02335
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02297202
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0854484
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01770374
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt062386
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03310665
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0114820
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03721947
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0636464
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0277616
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt052657
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06325920
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0670415
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03310665
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-67353
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt03564660
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt055445
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt06633346
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt08135
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt07420136
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-2354
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01123964
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0292218
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt044239
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt06566773
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0244592
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt07274310
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt08600
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0901607
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0385823
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt01744016
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt061190
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0243808
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02719356
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15190
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOANS TO OTHER CORPORATIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LIFE INSURANCE POLICY
IRS990ScheduleD/OtherExpensesIncludedAmt01744016
IRS990ScheduleD/RevenueNotReportedAmt0243808
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0613018
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE JULY 1, 2009, THE ORGANIZATION ADOPTED FASB ASC 740, INCOME TAXES, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE GUIDANCE REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY UPON EXAMINATION. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM ACTIVITIES UNRELATED TO ITS BUSINESS PURPOSE. THE ORGANIZATION BELIEVES THAT IT HAS SUFFICIENT JUSTIFICATION FOR ANY TAX POSITIONS TAKEN, INCLUDING ALLOCATION OF EXPENSES TO ITS UNRELATED BUSINESS INCOME AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. GENERALLY, FEDERAL INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER THEY ARE FILED. AS OF THE REPORT DATE (DECEMBER 30, 2013), THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990) FOR 2011, 2010 AND 2009 REMAIN SUBJECT TO SAID EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TRANSFER OF ASSETS - ELON HOMES AND SCHOOLS FOR CHILDREN 1,744,016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02724546
IRS990ScheduleD/TotalExpensesPerForm990Amt061190
IRS990ScheduleD/TotalRevenuePerForm990Amt0613018
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0856826
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01805206
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0173195
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0113831
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0REV DR FREDERICK G GROSSE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO (SEE FOOTNOTE - SCH J,
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0287026
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ELON HOMES & SCHOOLS FOR CHILDREN, THE RELATED PARENT ORGANIZATION OF ELON HOMES CHILDREN'S FOUNDATION, PROVIDED A TEMPORARY RELOCATION ALLOWANCE TO THE CEO/PRESIDENT, REV. DR. FREDERICK G. GROSSE FOR MAINTAINING TWO HOMES IN DIFFERENT CITIES AS REQUIRED BY THE DUTIES OF HIS EMPLOYMENT. DR. GROSSE RECEIVES NO COMPENSATION FROM ELON HOMES CHILDREN'S FOUNDATION.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF ELON HOMES & SCHOOLS FOR CHILDREN, THE RELATED PARENT ORGANIZATION OF ELON HOMES CHILDREN'S FOUNDATION APPROVES ALL SALARY INCREASES TO THE CEO BASED ON RECOMMENDATIONS BY AN INDEPENDENT CONSULTANT AS WELL AS REVIEWING THE CEO'S JOB AND COMPANY PERFORMANCE. THE INDEPENDENT COMPENSATION CONSULTANT PROVIDES A SALARY ANALYSIS TO THE BOARD REVIEWING ALL OFFICER AND KEY POSITIONS. THE OFFICERS OF ELON HOMES & SCHOOLS FOR CHILDREN RECEIVE NO COMPENSATION FROM ELON HOMES CHILDREN'S FOUNDATION.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt2OTHER COMPENSATION FOR REV. DR. FREDERICK G. GROSSE: ELON HOMES & SCHOOLS FOR CHILDREN, THE RELATED PARENT ORGANIZATION OF ELON HOMES CHILDREN'S FOUNDATION, PROVIDED THE FOLLOWING FOR DR. GROSSE: TEMPORARY RELOCATION ALLOWANCE PAYMENTS TO MAINTAIN TWO HOMES IN TWO DIFFERENT CITIES - $93,637 UNUSED, ACCRUED VACATION PAYMENT (OFFERED TO ALL EMPLOYEES) - $18,277 AUTOMOBILE ALLOWANCE - $1,917 DR. GROSSE RECEIVED NO COMPENSATION FROM ELON HOMES CHILDREN'S FOUNDATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1B
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc2PART II
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FREDERICK AND JANE GROSSE ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF THE 990 WERE PROVIDED TO THE BOARD OF GOVERNORS AND MANAGEMENT PRIOR TO FILING BY THE THIRD PARTY PREPARER. THE BOARD REVIEWED THE 990 VIA ELECTRONIC MEANS (EMAIL) AND DISCUSSED THE RESULTS OF THE RETURN AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD CADIDATES DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST TO THEIR APPOINTMENT TO THE BOARD. CONFLICTS OF INTEREST ARE THEN REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE TAX RETURNS ARE PROVIDED TO THE PUBLIC UPON THEIR REQUEST TO THE VICE PRESIDENT OF ADMINISTRATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF THE TAX RETURNS ARE PROVIDED TO THE PUBLIC UPON THEIR REQUEST TO THE VICE PRESIDENT OF ADMINISTRATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFERS TO RELATED ORGANIZATIONS -1,744,017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ELON HOMES & SCHOOLS FOR CHILDREN, INC., THE RELATED PARENT ORGANIZATION OF ELON HOMES CHILDREN'S FOUNDATION, EMPLOYS MANAGEMENT PERSONNEL WHO OVERSEE THE OPERATIONS OF NOT ONLY THAT CORPORATION BY ALSO KENNEDY CHARTER PUBLIC SCHOOL, KIDS CENTRAL OF THE CAROLINAS LLC, ELON HOMES CHILDREN'S FOUNDATION AND THE BOYS TOWN MECKLENBURG COUNTY TRUST. THESE EMPLOYEES INCLUDE REV. DR. FREDERICK G. GROSSE, PRESIDENT/CEO; ANDREA ROLLINS, V.P. ADMINISTRATION; JANE GROSSE, V.P. INSTITUTIONAL ADVANCEMENT; AND ROSE COOPER, V.P. INSTITUTIONAL PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VII, SECTION A
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10ELON HOMES AND SCHOOLS FOR CHILDREN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0560543225
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE FOSTER CARE AND EDUCATIONAL OPPORTUINITES FOR CHILDREN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)(VI)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10PO BOX 157

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,474,370
Liabilities
$0
Net assets
$7,474,370
Revenue
$613,018
Expenses
$61,190
Net income
$551,828
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.93$0.00$5.93$0.15$0.03$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.09$0.00$6.09$0.19$0.04$0.16
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.08$0.00$6.08$0.14$0.04$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.23$0.00$6.23$0.15$0.04$0.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.44$0.00$6.44$0.52$0.09$0.43
2014Detailed filing. Detailed filing data is available for this year.$7.47$0.00$7.47$0.61$0.06$0.55
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.51$0.09$8.42$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.01$0.00$8.01$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$0.00$11.0$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$0.00$10.2$0.06