Civic Intelligence

Elon Homes and Schools for Children Foundation Inc

EIN 56-2011613 • 501(c)3 • Charlotte, NC

Profile

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.

617 N Summit AvenueCharlotte, NC 28215

www.elonhomes.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2021

Top Officer Pay

99th percentile

$185,872

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 122.6% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$1

Down $5,932,648 (-100%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

-

No earlier filing loaded for comparison.

Revenue

Down

$0

Down $151,648 (-100%) from 2020

Expenses

Down

$0

Down $34,513 (-100%) from 2020

Net Income

Down

$0

Down $117,135 (-100%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$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

2021

Assets$1
Liabilities$0
Net Assets-

Operations Trend

Revenue, expenses, and net income by year, with the latest 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

2021

Revenue$0
Expenses$0
Net Income$0

Filings

Latest Detailed Filing

The latest 2021 filing currently has summary financial data only. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$137,091
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 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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,038,153$2,998,936▼ $39,217
Cash and Non-Interest-Bearing Accounts$9,008$101,586▲ $92,578
Pledges and Grants Receivable$75,386$75,000▼ $386
Total Assets$6,232,084$6,075,431▼ $156,653
Other Assets Total$3,109,537$2,899,909▼ $209,628
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,834,462$3,647,828▼ $186,634
Permanently Rstr Net Assets$2,392,444$2,422,435▲ $29,991
Temporarily Rstr Net Assets$5,178$5,168▼ $10
Total Net Assets Fund Balance$6,232,084$6,075,431▼ $156,653
Total Liabilities and Net Assets / Fund Balance$6,232,084$6,075,431▼ $156,653

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$5,190--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,277,710$4,200▲ $201,802$135,328$1,311,315
2016$1,081,152$2,450▲ $329,518$99,807$1,277,710
2015$1,345,993$3,900▼ $84,091$297,422$1,081,152
2014$2,297,202-▲ $81,277$981,664$1,345,993
2013$3,271,947$2,335▲ $854,484$1,770,374$2,297,202
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jane GrosseVP Instituti$119,706$119,706
Rose CooperCOO$92,649$92,649

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,200
Program Service Revenue
$0
Investment Income
$132,891
Other Revenue
$0
All Other Contributions
$4,200
Change in Net Assets
$100,022
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$37,069
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$37,069--$37,069
Total Functional Expenses$37,069$0$0$37,069
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, Page 6, Part VI, Line 2

Frederick grosse jane grosse ceo/pres. Vp inst. Adv husband and wife

Form 990, Page 6, Part VI, Line 11B

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, Page 6, Part VI, 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, Page 6, Part VI, Line 19

Copies of the tax returns are provided to the public upon their request.

Filing and Contact Details

Filer

Filer Name
ELON HOMES CHILDREN'S FOUNDATION
EIN
56-2011613
Phone
7043692505
Address
617 N SUMMIT AVENUE, CHARLOTTE, NC 28215
Doing Business As
Foundation Inc

Signing Officer

Name
Rev Dr Frederick G Grosse
Title
President
Phone
3365386117
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Dr Frederick G Grosse
Formed
1996
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Stout Stuart Mcgowen & King Llp
Address
PO BOX 1440, BURLINGTON, NC 27216-1440
Preparer
Patricia B Rhodes
Phone
3362267343
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Transfer of assets - elon homes and schools for children 0 transfers to related organizations -135,328 total -135,328

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE AMOUNTS DISTRIBUTED BY ELON HOMES CHILDREN'S FOUNDATION TO ELON HOMES AND SCHOOLS FOR CHILDREN BOTH MEET THE RESPONSIVE AND ATTENTIVE TEST BECAUSE THE AMOUNTS WERE DISTRIBUTED SO THE ORGANIZATION COULD BETTER MEET ITS EXEMPT PURPOSE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART V, SECTION D, LINE 8
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0560543225
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0135328
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ELON HOMES AND SCHOOLS FOR CHILDREN
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0135328
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt037069
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01277710
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt04200
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01311315
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0201802
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0135328
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt035603
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01081152
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02450
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01277710
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0329518
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt099807
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt034764
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01345993
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03900
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01081152
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-84091
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0297422
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt050822
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02297202
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01345993
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt081277
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0981664
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt061190
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03271947
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt02335
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02297202
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0854484
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt01770374
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02894719
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15190
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOANS TO OTHER CORPORATIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LIFE INSURANCE POLICY
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02899909
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0153448
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt034010
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0REV DR FREDERICK G GROSSE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0187458
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0OTHER 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: UNUSED, ACCRUED VACATION PAYMENT (OFFERED TO ALL EMPLOYEES)- 33,110 AUTOMOBILE ALLOWANCE - 900 DR. GROSSE RECEIVED NO COMPENSATION FROM ELON HOMES CHILDREN'S FOUNDATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FREDERICK GROSSE JANE GROSSE CEO/PRES. VP INST. ADV 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRANSFER OF ASSETS - ELON HOMES AND SCHOOLS FOR CHILDREN 0 TRANSFERS TO RELATED ORGANIZATIONS -135,328 TOTAL -135,328
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ELON HOMES AND SCHOOLS FOR CHILDREN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0560543225
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0617 SUMMIT AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHARLOTTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028215
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0135328
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ELON HOMES AND SCHOOLS FOR CHILDREN
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt05178
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt05168
IRS990/TempOrPermanentEndowmentsInd0true

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