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Nonprofiteer
← ELEA INSTITUTE

Form 990 for tax year 2023

Filed by ELEA INSTITUTE.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 25 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$3,940,435
Total expenses
$2,065,111
Contributions and grants received
$0
Grants paid
$622,730
Program service revenue
$0
Investment income
$3,950,948
Other revenue
-$10,513
Total assets, end of year
$125,854,199
Total liabilities, end of year
$816,872
Net assets or fund balances, end of year
$125,037,327
Program services expenses (Part IX)
$1,338,069
Management and general expenses
$727,041
Fundraising expenses
$0
Program service expenses (Part III)
$1,338,069

Program services were 64.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $3,547,072 · excluded $3,547,072

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $1,131,149

  • 6b · Less rental expenses

    real property $1,982,662

  • 6c · Rental income or loss

    real property -$851,513 · personal property $0

  • 6d · Net rental income or loss

    total -$851,513 · excluded -$851,513

  • 7a · Gross sales of assets other than inventory

    securities $99,104,632

  • 7b · Less cost or other basis and sales expenses

    securities $98,700,756

  • 7c · Gain or loss

    securities $403,876

  • 7d · Net gain or loss

    total $403,876 · excluded $403,876

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · unrelated business $0

  • 11a · Other revenue: PROPERTY TAX ADJUSTMENT

    total $841,000 · excluded $841,000

  • 11e · Other revenue, total

    $841,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $622,730 · program services $622,730

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $257,500 · program services $128,750 · management and general $128,750

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $41,693 · program services $20,846 · management and general $20,846

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $20,373 · program services $9,599 · management and general $10,774

  • 10 · Payroll taxes

    total $35,163 · program services $8,934 · management and general $26,229

  • 11a · Fees: management

    total $80,058 · program services $80,058

  • 11b · Fees: legal

    total $81,394 · program services $328 · management and general $81,066

  • 11c · Fees: accounting

    total $127,379 · management and general $127,379

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $243,048 · program services $223,000 · management and general $20,048

  • 12 · Advertising and promotion

    total $12,425 · management and general $12,425

  • 13 · Office expenses

    total $166 · management and general $166

  • 14 · Information technology

    total $35,167 · program services $8,792 · management and general $26,375

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $13,541 · program services $3,385 · management and general $10,156

  • 17 · Travel

    total $91 · program services $91

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,017 · program services $1,017

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $248,479 · management and general $248,479

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $12,049 · management and general $12,049

  • 24b · Other expenses: BANK CHARGES & FEES

    total $2,155 · program services $539 · management and general $1,616

  • 24c · Other expenses: MEALS & ENTERTAINMENT

    total $260 · management and general $260

  • 24d · Other expenses: POSTAGE & SHIPPING

    total $423 · management and general $423

  • 24e · All other expenses

    total $230,000 · program services $230,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,679,100 · end of year $19,855,846

  • 2 · Savings and temporary cash investments

    beginning of year $99,433,578 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,051,636 · end of year $839,917

  • 10a · Land, buildings and equipment: cost or other basis

    $18,685,064

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,190,915

  • 10c · Land, buildings and equipment, net

    beginning of year $25,942,733 · end of year $9,494,149

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $76,231,056

  • 12 · Investments: other securities

    beginning of year $0 · end of year $15,873,403

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $3,559,828

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,689,672 · end of year $733,195

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $99,289 · end of year $83,677

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $130,318,086 · end of year $125,037,327

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

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

Activities or mission (Part I)

ELEA INSTITUTE LEADS NATIONAL EFFORTS TO EXPAND ACCESS TO HIGH-QUALITY HOSPICE AND PALLIATIVE CARE. WE SUPPORT PATIENTS, CAREGIVERS, AND HEALTHCARE PROVIDERS.

  • Elea Institute remains committed to our heritage and predecessor organizations' original missions: ensuring all persons have access to high quality hospice and palliative care. To date, Elea Institute has awarded numerous grants and projects that support enhanced access for communities, broaden hospice and palliative services, and provide crucial educational resources, which touch the lives of patients and caregivers.

    Expenses $1,338,069 · Grants $622,730

As filed on the 2023 return.

Listed in Part VII

  • Candyce Mayer

    President & CEO

    Total calculated
    $257,500
    From this org
    $257,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,500
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $10,875
    Filer's total
    $268,375

  • Kent Mathy

    CHAIR/PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Mead Montgomery

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Julia Cormier

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jeff Boundy

    BOARD

    Total calculated
    $0
    Hours/week
    2

  • Kelly Conroy Kenney

    BOARD

    Total calculated
    $0
    Hours/week
    2

  • David Hanold

    BOARD (termed 5/10/23)

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349318546

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