Civic Intelligence

Eliada Foundation Inc.

990 • Fiscal year 2017 • EIN 81-0620535

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

Organization ProfileN/A

View Organization Page

2 Compton Drive PO Box 16708Asheville, NC 28816-0708

(828) 254-5356

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

Higher debt load relative to assets than 2% of similar nonprofits.

2017 filings • NTEE P • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

6th percentile

0.03x

Higher debt load relative to revenue than 6% of similar nonprofits.

2017 filings • NTEE P • $10M-$25M nonprofits • Source year 2017

Net Margin

5th percentile

-20%

Higher net margin than 5% of similar nonprofits.

2017 filings • NTEE P • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

36th percentile

$159,340

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 41.0% of source-year revenue.

2017 filings • NTEE P • $10M-$25M nonprofits • Source year 2017

Asset Growth

20th percentile

-2.4%

Faster asset growth than 20% of similar nonprofits.

2017 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-42%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Down

$11,970,937

Down $295,843 (-2.4%) from 2016

Net Assets

Up

$11,960,823

Up $20,112 (+0.2%) from 2016

Liabilities

Down

$10,114

Down $315,955 (-97%) from 2016

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin5th percentile

Revenue

Down

$388,477

Down $282,549 (-42%) from 2016

Expenses

Down

$465,098

Down $320,154 (-41%) from 2016

Net Income

Up

-$76,621

Up $37,605 (+33%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$15M$10M$5.0M$0Assets 2010: $10,867,604Liabilities 2010: $17,172Net Assets 2010: $10,850,4322010Assets 2011: $11,496,075Liabilities 2011: $83,553Net Assets 2011: $11,412,5222011Assets 2012: $12,361,285Liabilities 2012: $584,846Net Assets 2012: $11,776,4392012Assets 2013: $12,503,394Liabilities 2013: $469,711Net Assets 2013: $12,033,6832013Assets 2014: $12,745,260Liabilities 2014: $495,471Net Assets 2014: $12,249,7892014Assets 2015: $12,521,476Liabilities 2015: $424,824Net Assets 2015: $12,096,6522015Assets 2016: $12,266,780Liabilities 2016: $326,069Net Assets 2016: $11,940,7112016Assets 2017: $11,970,937Liabilities 2017: $10,114Net Assets 2017: $11,960,8232017Assets 2018: $11,827,496Liabilities 2018: $15,201Net Assets 2018: $11,812,2952018Assets 2019: $11,449,747Liabilities 2019: $0Net Assets 2019: $11,449,7472019Assets 2020: $11,123,076Liabilities 2020: $0Net Assets 2020: $11,123,0762020Assets 2021: $11,313,907Liabilities 2021: $0Net Assets 2021: $11,313,9072021Assets 2022: $10,588,587Liabilities 2022: $0Net Assets 2022: $10,588,5872022Assets 2023: $10,853,158Liabilities 2023: $451,045Net Assets 2023: $10,402,1132023Assets 2024: $10,647,071Liabilities 2024: $408,459Net Assets 2024: $10,238,6122024

Highlighted filing

2017

Assets$11,970,937
Liabilities$10,114
Net Assets$11,960,823
Open 2017 Filing

Operations Trend

Revenue Growth2nd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $775,5542010Revenue 2011: $871,974Expenses 2011: $756,274Net Income 2011: $115,7002011Expenses 2012: $994,0902012Expenses 2013: $782,0542013Revenue 2014: $963,677Expenses 2014: $880,254Net Income 2014: $83,4232014Revenue 2015: $1,009,873Expenses 2015: $1,058,919Net Income 2015: -$49,0462015Revenue 2016: $671,026Expenses 2016: $785,252Net Income 2016: -$114,2262016Revenue 2017: $388,477Expenses 2017: $465,098Net Income 2017: -$76,6212017Revenue 2018: $326,608Expenses 2018: $568,908Net Income 2018: -$242,3002018Revenue 2019: $214,293Expenses 2019: $545,106Net Income 2019: -$330,8132019Revenue 2020: $421,384Expenses 2020: $477,140Net Income 2020: -$55,7562020Revenue 2021: $135,519Expenses 2021: $432,691Net Income 2021: -$297,1722021Revenue 2022: $533,159Expenses 2022: $414,431Net Income 2022: $118,7282022Revenue 2023: $103,365Expenses 2023: $409,878Net Income 2023: -$306,5132023Revenue 2024: $281,463Expenses 2024: $655,723Net Income 2024: -$374,2602024

Highlighted filing

2017

Revenue$388,477
Expenses$465,098
Net Income-$76,621
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$433,946
Mission and Program Overview

Mission

The foundation exists and operates exclusively as a supporting organization of eliada homes, inc.

To exist and operate exclusively as a supporting organization of Eliada Homes, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,798,240$8,497,839▼ $300,401
Investments in Publicly Traded Securities$3,015,470$3,128,404▲ $112,934
Savings and Temporary Cash Investments$96,070$249,523▲ $153,453
Other Notes and Loans Receivable, Net$357,000$95,171▼ $261,829
Total Assets$12,266,780$11,970,937▼ $295,843
Liabilities
Mortgage Notes Payable Secured by Investment Property$323,069--
Other Liabilities$0$10,114▲ $10,114
Accounts Payable and Accrued Expenses$3,000--
Total Liabilities$326,069$10,114▼ $315,955
Net Assets / Fund Balance
Unrestricted Net Assets$9,871,744$9,660,748▼ $210,996
Temporarily Rstr Net Assets$1,139,572$1,365,680▲ $226,108
Permanently Rstr Net Assets$929,395$934,395▲ $5,000
Total Net Assets Fund Balance$11,940,711$11,960,823▲ $20,112
Total Liabilities and Net Assets / Fund Balance$12,266,780$11,970,937▼ $295,843

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,010,615$2,949,002$6,959,617
Land$4,480,000-$4,480,000
Equipment$7,224$46,897$54,121

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,015,470$11,200▲ $363,596$261,862$3,128,404
2015$3,031,256$15,000▲ $14,254$45,040$3,015,470
2014$3,024,100$4,870▲ $38,385$36,099$3,031,256
2013$3,408,088$6,000▲ $543,012$933,000$3,024,100
2012$2,975,507$431,581▲ $1,000-$3,408,088
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Timothy A KelleyChair
Bill Smithdirector
Charles W Smithdirector
Jean Bauer McguireDirector
Jessica Martin-lanedirector
Kenneth R HuntDirector
Latrella G McElrathdirector
Stuart WeidieDirector
dr james weilbaecherdirector
Timothy SinatraCEO
James LeskoSecretary
Joel C KelleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$120,364
Program Service Revenue
$0
Investment Income
$268,113
Other Revenue
$0
All Other Contributions
$120,364
Change in Net Assets
$-76,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$335,393
Grants and Similar Amounts Paid$129,705
Total Fundraising Expense$15,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$303,416--$303,416
Grants to Domestic Orgs$118,800--$118,800
Fees for Services Other--$15,000$15,000
Grants to Domestic Individuals$10,905--$10,905
Fees for Services Accounting$7,499--$7,499
Interest$5,267--$5,267
Fees for Services Legal$3,344--$3,344
Other Expenses$202--$202
Total Functional Expenses$450,098$0$15,000$465,098
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Eliada Homes IncAsheville, NC501(c)(3)To assist the organization in helping children through various therapeutic activities$118,800
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Supported Organization$10,114
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, line 11B

“Prior to filing, a copy of the Form 990 will be given to the President of Eliada Foundation, who will review the return and distribute it to the rest of the Board of Trustees.”

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

“The Foundation has a Conflict of Interest officer who reviews anything that could be construed as a conflict of interest.”

Form 990, Part VI, Section C, line 19

“The Foundation's governing documents, conflict of interest policy, and financial statements are all available upon request. The governing documents are accessible through the North Carolina Secretary of State's website, and the Foundation's financial information/tax returns are available through Guidestar, an online directory of non-profit organizations.”

Form 990, Part VI, Section B, Line 15

“The Foundation does not compensate any officer or board member. The CEO of Eliada Homes, Inc. also serves as CEO for the Foundation. As a result, the Foundation does not participate in the determination of compensation for any individual in the position of CEO, Executive Director or other top management position.”

Filing and Contact Details

Filer

Filer Name
Eliada Foundation Inc
EIN
81-0620535
Phone
8282545356
Address
2 COMPTON DRIVE PO BOX 16708, ASHEVILLE, NC 28816-0708

Signing Officer

Name
Cindy Davis-bryant
Title
CEO
Phone
8282545356
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Davis-bryant
Formed
2004
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
20

Preparer

Firm
Johnson Price Sprinkle Pa
Address
79 WOODFIN PLACE SUITE 300, ASHEVILLE, NC 28801
Preparer
Amy Smith
Phone
8282542374
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“Process for overseeing review of financial statements: The process for overseeing the review of the financial statements and the selection of an independent accountant has not changed from the prior year.”

FORM 990, Part XI, Line 6

“In-kind rental income to related organization 242,000 in-kind rental subsidy to related organization ($242,000) --------------- total donated services and use of facilities $ 0 ===============”

Financial Statement Notes

Part V, Line 4:

“The Foundation holds assets (real estate and investments) on behalf of Eliada Homes. Eliada Homes intends to use the endowment funds in maintaining its current organizational programs, including residential treatment, foster care, child development, day treatment, and a workforce development program.”

Part X, Line 2:

“The Organization has been classified as a public charity under the Internal Revenue Code Section 501(c)(3). As a public charity, the Organization is exempt from federal and state income taxes and federal excise taxes under Section 509(a)(1) of the Internal Revenue Code. It is the Organization's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain, and what, if any, effect the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for tax years 2016 and 2015. Currently, the statute of limitations remains open subsequent to and including tax year 2013; however, no examinations are in process or anticipated. Any changes in the amount of a tax position will be recognized in the period the change occurs.”

Raw XML AppendixShowing 400 of 544 raw XML fields

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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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0216393
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt096733
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK SERVICE CHARGES
IRS990/OtherExpensesGrp/Desc1LICENSE AND FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt0665
IRS990/OtherExpensesGrp/ProgramServicesAmt1202
IRS990/OtherExpensesGrp/TotalAmt0665
IRS990/OtherExpensesGrp/TotalAmt1202
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt010114
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0357000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt095171
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0929395
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0934395
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CINDY DAVIS-BRYANT
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0238571
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0277158
IRS990/PYInvestmentIncomeAmt077013
IRS990/PYOtherExpensesAmt0398307
IRS990/PYOtherRevenueAmt0355442
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-114226
IRS990/PYSalariesCompEmpBnftPaidAmt0109787
IRS990/PYTotalExpensesAmt0785252
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0671026
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-76621
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt096070
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0249523
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0560611587
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0118800
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ELIADA HOMES INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0118800
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.26510
IRS990ScheduleD/BuildingsGrp/BookValueAmt04010615
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02949002
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06959617
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03015470
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt011200
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03128404
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0363596
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0261862
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03031256
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt015000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03015470
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt014254
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt045040
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03024100
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt04870
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03031256
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt038385
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt036099
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03408088
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt06000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03024100
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0543012
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0933000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02975507
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0431581
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03408088
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt07224
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046897
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt054121
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04480000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04480000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010114
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYABLE TO SUPPORTED ORGANIZATION
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.29870
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation holds assets (real estate and investments) on behalf of Eliada Homes. Eliada Homes intends to use the endowment funds in maintaining its current organizational programs, including residential treatment, foster care, child development, day treatment, and a workforce development program.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Organization has been classified as a public charity under the Internal Revenue Code Section 501(c)(3). As a public charity, the Organization is exempt from federal and state income taxes and federal excise taxes under Section 509(a)(1) of the Internal Revenue Code. It is the Organization's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain, and what, if any, effect the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for tax years 2016 and 2015. Currently, the statute of limitations remains open subsequent to and including tax year 2013; however, no examinations are in process or anticipated. Any changes in the amount of a tax position will be recognized in the period the change occurs.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.43620
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08497839
IRS990ScheduleD/TotalLiabilityAmt010114
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010905
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP FOR TUITION, BOOKS AND LIVING EXPENSES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt04
IRS990ScheduleI/RecipientTable/CashGrantAmt0118800
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To assist the organization in helping children through various therapeutic activities
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ELIADA HOMES INC
IRS990ScheduleI/RecipientTable/RecipientEIN0560611587
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 16708
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ASHEVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd028816
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0When money is donated for a particular purpose a "grant code" is assigned to the funds. As the money is spent the expenses are assigned the same "grant code" so we can track how the granted funds are spent and when the funds are exhausted.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0155000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt0537
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt03630
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0173
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TIMOTHY SINATRA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0159340
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Prior to filing, a copy of the Form 990 will be given to the President of Eliada Foundation, who will review the return and distribute it to the rest of the Board of Trustees.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,970,937
Liabilities
$10,114
Net assets
$11,960,823
Revenue
$388,477
Expenses
$465,098
Net income
-$76,621
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.6$0.41$10.2$0.28$0.66$0.37
2023Detailed filing. Detailed filing data is available for this year.$10.9$0.45$10.4$0.10$0.41$0.31
2022Detailed filing. Detailed filing data is available for this year.$10.6$0.00$10.6$0.53$0.41$0.12
2021Detailed filing. Detailed filing data is available for this year.$11.3$0.00$11.3$0.14$0.43$0.30
2020Detailed filing. Detailed filing data is available for this year.$11.1$0.00$11.1$0.42$0.48$0.06
2019Detailed filing. Detailed filing data is available for this year.$11.4$0.00$11.4$0.21$0.55$0.33
2018Detailed filing. Detailed filing data is available for this year.$11.8$0.02$11.8$0.33$0.57$0.24
2017Detailed filing. Detailed filing data is available for this year.$12.0$0.01$12.0$0.39$0.47$0.08
2016Detailed filing. Detailed filing data is available for this year.$12.3$0.33$11.9$0.67$0.79$0.11
2015Detailed filing. Detailed filing data is available for this year.$12.5$0.42$12.1$1.01$1.06$0.05
2014Detailed filing. Detailed filing data is available for this year.$12.7$0.50$12.2$0.96$0.88$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$0.47$12.0$0.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$0.58$11.8$0.99
2011Summary only. Only limited summary data is available for this year.$11.5$0.08$11.4$0.87$0.76$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$0.02$10.9$0.78