ELIS FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
ELIS FOUNDATION (EIN 83-2863347)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202503219349105715
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-17T15:46:13-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN811493954PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SCHWARTZ AND COMPANY CPA'S PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1110 ACRES ROADAddressLine1Txt
CityMONROECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10950ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN832863347EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ELIS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlELISBusinessNameControlTxt
Phone8456568957PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1711 EXECUTIVE BLVD STE WAddressLine1Txt
CityVALLEY COTTAGECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10989ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonELYOKEM UNGARPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone8456568957PhoneNum
Signature2025-11-17SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonABRAHAM J SCHWARTZ CPAPreparerPersonNm
PTINP00506015PTIN
Phone8457830062PhoneNum
Preparation2025-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,021,805FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1,515InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,515InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1,515InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$2,128DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,128DividendsNetInvstIncmAmt
Dividends Adj Net Incm$2,128DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$24,874NetGainSaleAstRevAndExpnssAmt
Total Rev And Expnss-$21,231TotalRevAndExpnssAmt
Total Net Invst Incm$3,643TotalNetInvstIncmAmt
Total Adj Net Incm$3,643TotalAdjNetIncmAmt
Taxes Rev And Expnss$275TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$4OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$279TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$95,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$95,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$95,279TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$95,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$116,510ExcessRevenueOverExpensesAmt
Net Investment Income$3,643NetInvestmentIncomeAmt
Adjusted Net Income$3,643AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$323,865CashBOYAmt
Cash EOY$229,834CashEOYAmt
Cash EOYFMV$229,832CashEOYFMVAmt
Other Investments BOY$2,372,802OtherInvestmentsBOYAmt
Other Investments EOY$2,350,323OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,791,973OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,696,667TotalAssetsBOYAmt
Total Assets EOY$2,580,157TotalAssetsEOYAmt
Total Assets EOYFMV$2,021,805TotalAssetsEOYFMVAmt
Other Liabilities BOY$83,409OtherLiabilitiesBOYAmt
Other Liabilities EOY$83,409OtherLiabilitiesEOYAmt
Total Liabilities BOY$83,409TotalLiabilitiesBOYAmt
Total Liabilities EOY$83,409TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,613,258RetainedEarningBOYAmt
Retained Earning EOY$2,496,748RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,613,258TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,496,748TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,696,667TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,580,157TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,613,258TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$116,510ExcessRevenueOverExpensesAmt
Subtotal$2,496,748SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,496,748TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$51InvestmentIncomeExciseTaxAmt
Subtotal$51SubtotalAmt
Tax Based On Investment Income$51TaxBasedOnInvestmentIncomeAmt
Tax Due$51TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksELIS FOUNDATIONIndividualWithBooksNm
Phone8452689100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1711 EXECUTIVE BLVD STE WAddressLine1Txt
CityVALLEY COTTAGECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10989ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonELYOKEM UNGARPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line117 STACIE LANEAddressLine1Txt
CitySPRING VALLEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10977ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,150,254AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$185,347AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$208,476FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,544,077TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,544,077AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$23,161CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,520,916NetVlNoncharitableAssetsAmt
Minimum Investment Return$76,046MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$76,046MinimumInvestmentReturnAmt
Tax Based On Investment Income$51TaxBasedOnInvestmentIncomeAmt
Total Tax$51TotalTaxAmt
Distributable Before Adj$75,995DistributableBeforeAdjAmt
Distributable Before Ded$75,995DistributableBeforeDedAmt
Distributable As Adjusted$75,995DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$95,000ExpensesAndContributionsAmt
Qualifying Distributions$95,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$75,995DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$7,806ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$7,806TotalExcessDistributionCyovAmt
Qualifying Distributions$95,000QualifyingDistributionsAmt
Applied To Current Year$75,995AppliedToCurrentYearAmt
Remaining Distri From Corpus$19,005RemainingDistriFromCorpusAmt
Total Corpus$26,811TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$26,811ExcessDistriCyovToNextYrAmt
Excess From Year2$7,806ExcessFromYear2Amt
Excess From Current Year$19,005ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonELIS FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1711 EXECUTIVE BLVD SUITE WAddressLine1Txt
CityVALLEY COTTAGECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10989ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8456568957RecipientPhoneNum
Form And Info And MaterialsLETTER STATING ACTIVITIES AND PURPOSE OF GRANTFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonOJC FUNDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11303 53RD STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCHARITABLEGrantOrContributionPurposeTxt
Amt$95,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$95,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,515RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,128RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$24,874RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$21,231RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$21,231TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
How AcquiredPURCHASEHowAcquiredTxt
Basis$24,874BasisAmt
Total Net-$24,874TotalNetAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtBook ValueBookValueAmtEOYFMVEOYFMVAmt
SECURITIES - CHARLES SCHWAB$2,141,847$1,583,497
INVESTMENT IN MEADOW VIEW ESTATES$208,476$208,476

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK SERVICE CHARGES$4

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
BOY Book Value$83,409BOYBookValueAmt
EOY Book Value$83,409EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
NYS FILING FEE$250
TAX ON UNDISTRIBUTED INCOME$25

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