Form 990 for tax year 2023

Totals

Total revenue

$21,618,939

Total expenses

$22,166,622

Contributions and grants received

$21,038,793

Grants paid

$16,422,921

Program service revenue

$0

Investment income

$589,863

Other revenue

-$9,717

Total assets, end of year

$36,322,605

Total liabilities, end of year

$20,582,311

Net assets or fund balances, end of year

$15,740,294

Program services expenses (Part IX)

$19,646,690

Management and general expenses

$566,964

Fundraising expenses

$1,952,968

Program service expenses (Part III)

$19,646,690

Program services were 88.6% 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.

Mission and programs · 2023

• THE ELTON JOHN AIDS FOUNDATION IS ONE OF THE TOP 10 PHILANTHROPIC FUNDERS OF HIV/AIDS GRANTS WORLDWIDE. SINCE OUR FOUNDING, WE HAVE RAISED OVER $600 MILLION TO SUPPORT HIV/AIDS PROGRAMS GLOBALLY. WE ARE IN THE TOP 5 FUNDERS OF HIV/AIDS PROGRAMMING FOR MARGINALIZED COMMUNITIES SUCH AS GAY MEN, TRANSGENDER, SEX WORKERS AND PEOPLE WHO USE DRUGS, SUPPORTING GROUPS THAT FACE A DISPROPORTIONATE BURDEN OF THE HIV/AIDS PANDEMIC AND TAKING ON ISSUES THAT GOVERNMENTS ARE OFTEN UNABLE OR UNWILLING TO FUND. IN 2023, OUR U.S. AND U.K. ENTITIES TOGETHER FUNDED $21,647,822 OF NEW GRANTS, THE HIGHEST AMOUNT EVER AWARDED IN ONE YEAR. THE U.S. ENTITY ALONE AWARDED $16,422,921 OF GRANTS AND SPENT $19,646,690 ON PROGRAM SERVICES, 89% OF TOTAL EXPENSES. SEE SCHEDULE O FOR CONTINUATION.IN 2020, WE EMBARKED ON AN EXCITING NEW STRATEGIC PLAN, DESIGNED TO REDUCE STIGMA AND HIV TRANSMISSION, ENSURE THAT EVERYONE HAS ACCESS TO COMPASSIONATE CARE AND TREATMENT, AND THAT GOVERNMENTS INVEST EQUITABLY IN THOSE POPULATIONS MOST AFFECTED BY HIV. OUR STRATEGY FOCUSES ON REACHING THE MOST MARGINALIZED POPULATIONS AND COMMUNITIES THAT ARE SO OFTEN LEFT BEHIND AND EXCLUDED FROM THE HIV RESPONSE.THE ELTON JOHN AIDS FOUNDATION'S GRANTMAKING IS MADE FROM BOTH ITS U.S. ENTITY (TO WHICH THIS FORM 990 RELATES) AND U.K. ENTITY. AS REPORTED IN THE FOUNDATION'S ANNUAL REPORT, AVAILABLE ON OUR WEBSITE, THE FOUNDATION AWARDED 56 NEW GRANTS TO THE VALUE OF $21,647,822 IN 2023, OF WHICH $16,422,921 WAS FROM THE U.S. ENTITY ALONE. WE REACHED OVER 280,000 PEOPLE WITH SERVICES AND EDUCATION ACROSS 42 COUNTRIES, INITIATED OVER 8,900 PEOPLE ON PRE-EXPOSURE PROPHYLAXIS (PREP), INITIATED OVER 11,000 ON ANTIRETROVIRAL THERAPY (ART) AND SUPPORTED OVER 113,000 PEOPLE TO TEST FOR HIV. GRANTS WERE AWARDED ACROSS OUR STRATEGIC PORTFOLIO AREAS:1. YOUNG PEOPLE: TO MEET THE GROWING GLOBAL HEALTH NEEDS OF YOUNG PEOPLE AND PREVENT A RESURGENCE OF THE HIV/AIDS PANDEMIC, WE WILL PILOT AND SCALE EFFECTIVE PUBLIC HEALTH RESPONSES WHICH MEET YOUNG PEOPLE WHERE THEY ARE THROUGH INNOVATIONS IN SEXUAL AND REPRODUCTIVE HEALTH AND MENTAL HEALTH SERVICE DELIVERY. 2. LGBTQ+: LGBTQ+ POPULATIONS ARE AT INCREASED RISK OF HIV INFECTION DUE TO PERVASIVE INEQUALITIES AND INJUSTICES, WHICH CAN NO LONGER BE IGNORED. WE ARE WORKING TO ENSURE LGBTQ+ PEOPLE HAVE EQUAL RIGHTS AND PROTECTION UNDER THE LAW, SOCIAL POWER, AND ACCESS APPROPRIATE, QUALITY HEALTH CARE.3. UNITED STATES OF AMERICA: THE HIV/AIDS EPIDEMIC IN THE UNITED STATES WILL NOT END WITHOUT CONCERTED ACTION FROM BOTH THE PUBLIC AND PRIVATE SECTOR. WE ARE STRENGTHENING THESE PARTNERSHIPS TO ENHANCE HEALTH WORKFORCE CAPABILITIES, TO INCREASE THE ACCESSIBILITY AND DEMAND FOR HIV PREVENTION AND TESTING COMMODITIES, TO ENHANCE LINKAGES TO CARE WITHIN COMMUNITIES, AND TO ADDRESS NATIONAL, STATE, AND LOCAL POLICY BARRIERS FOR PEOPLE LIVING WITH HIV AND THOSE AT HEIGHTENED RISK OF INFECTION.4. EASTERN EUROPE AND CENTRAL ASIA: IN EASTERN EUROPE AND CENTRAL ASIA, HIV INFECTIONS AND AIDS-RELATED DEATHS CONTINUE TO RISE, DEMANDING URGENT ACTION TO TURN THE TIDE OF THE EPIDEMIC. TO ACHIEVE EPIDEMIC CONTROL IN EECA, WE ARE WORKING TO IMPROVE AND EXPAND HIV SERVICES FOR ALL, TO REDUCE STIGMA AND DISCRIMINATION EXPERIENCED BY KEY POPULATIONS, AND TO SHARE LEARNING ON EFFECTIVE APPROACHES. IN RESPONSE TO THE OUTBREAK OF WAR IN UKRAINE AND INCREASED BURDENS ON THE HEALTH SYSTEM, WE ARE MAKING STRATEGIC INVESTMENTS TO BOLSTER AND SUSTAIN THE HIV/AIDS RESPONSE DURING THIS CRISIS. 5. PEOPLE WHO USE DRUGS: CRIMINALIZATION, VIOLENCE, AND A LACK OF POLITICAL WILL CONTINUE TO IMPEDE HIV/AIDS PREVENTION AND TREATMENT OUTCOMES FOR PEOPLE WHO USE DRUGS. WE ARE WORKING TO ENSURE PEOPLE WHO USE DRUGS ARE FREE FROM CRIMINALIZATION, HAVE ACCESS TO RELEVANT AND EFFECTIVE HARM REDUCTION STRATEGIES, AND CAN RELY ON CONTINUED POLITICAL COMMITMENT AND INVESTMENT TO MEET THEIR HEALTH NEEDS.ELTON JOHN AIDS FOUNDATION INC. WAS FOUNDED BY SIR ELTON JOHN AND IS GOVERNED BY A BOARD OF PHILANTHROPIC LEADERS, TECHNICAL EXPERTS, AND LEADERS IN THE GLOBAL HIV/AIDS RESPONSE. FINANCIAL REVIEW:2023 WAS ANOTHER STRONG YEAR FINANCIALLY FOR THE ELTON JOHN AIDS FOUNDATION AS WE CONTINUE TO MAKE GOOD PROGRESS AGAINST OUR 2020-2025 STRATEGY. THE FOUNDATION CONSISTS OF A U.K ENTITY AND A U.S. SUBSIDIARY ENTITY (TO WHICH THIS FORM 990 RELATES), IN COMBINATION REFERRED TO AS THE "GROUP". THE DIRECTORS MANAGE THE GRANT-MAKING, FUNDRAISING, AND OTHER OPERATIONS OF THE ORGANISATION JOINTLY ACROSS THE GROUP. AS REPORTED IN THE ANNUAL REPORT AVAILABLE ON OUR WEBSITE, TOTAL COMBINED REVENUE FOR THE GROUP IN 2023 WAS $32,905,087, AN EXCELLENT RESULT DRIVEN BY THE LAUNCH OF THE ROCKET FUND, OUR $125 MILLION, MULTI-YEAR FUNDRAISING INITIATIVE TO ACCELERATE THE FOUNDATION'S LIFESAVING WORK AND COMBAT THE GROWING RATES OF HIV. IN THE U.S. ENTITY ALONE, $21,618,939 OF TOTAL REVENUE WAS GENERATED IN 2023, THE SECOND HIGHEST AMOUNT ACHIEVED IN ITS 30-YEAR HISTORY, SECOND ONLY TO THE EXCEPTIONAL $29,188,898 IN 2022. THE DECREASE IN REVENUE IN THE U.S. ENTITY COMPARED TO 2022 IS LARGELY DUE TO THE U.K. ENTITY RECEIVING AN INCREASED PROPORTION OF THE GROUP'S OVERALL INCOME, DRIVEN BY MANAGEMENT'S DECISION TO DIRECT ALL FUNDING FROM ITS KEY GILEAD PARTNERSHIP TO THE U.K. ENTITY IN 2023. WE ARE ENORMOUSLY PROUD OF THE PROGRAMMATIC SUCCESS WE'VE ACHIEVED IN 2023 AND THE IMPACT WE'VE HAD ON THE LIVES OF PEOPLE IN EVERY CORNER OF THE WORLD. AS THE RESULT OF OUR NETWORK OF GENEROUS DONORS, SUPPORTERS, AND PARTNERS THE FOUNDATION WAS ABLE TO FUND 102 INNOVATIVE PROGRAMS ACROSS FOUR CONTINENTS AND APPROVED 56 NEW GRANTS TO THE VALUE OF $21,647,822 ACROSS THE GROUP, AS REPORTED IN THE ANNUAL REPORT THE HIGHEST AMOUNT EVER AWARDED IN ONE YEAR. IN THE U.S. ENTITY ALONE, $16,422,921 OF GRANTS WERE AWARDED AND TOTAL EXPENSES ON PROGRAM SERVICES WERE $19,646,690, REPRESENTING 89% OF TOTAL EXPENSES IN THE ENTITY. THE FOUNDATION TOOK THE STRATEGIC DECISION TO INCREASE AND MAXIMISE THE VALUE OF GRANTS TO PARTNERS AND EXPENDITURE ON PROGRAM SERVICES IN 2023 USING THE SURPLUSES GENERATED IN 2022 AND THE STRONG NET ASSETS HELD AT THE START OF 2023. AS REPORTED IN THE ANNUAL REPORT, THE GROUP RAN A DEFICIT OF $8,409, OFFSET BY $581,592 OF GAINS ON INVESTMENTS, RESULTING IN NET ASSETS OF $33,787,385 AT DECEMBER 31, 2023 ($33,214,202 AT DECEMBER 31, 2022). AS REPORTED IN THIS FORM 990, THE U.S. ENTITY RAN A DEFICIT OF $547,683, WHICH WAS OFFSET BY $437,415 OF UNREALIZED GAINS ON INVESTMENTS AND OTHER CHANGES IN NET ASSETS, RESULTING IN NET ASSETS OF $15,740,294 AT DECEMBER 31, 2023 ($15,850,562 AT DECEMBER 31, 2022). THE STRONG NET ASSET POSITION HELD BY BOTH THE GROUP AND THE U.S. ENTITY GOING INTO 2024 MEANS THE FOUNDATION CAN CONTINUE TO PRIORITIZE FUNDING THE IMPORTANT WORK OF OUR PARTNERS.

  Expenses $19,646,690 · Grants $16,422,921

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• SPRINGBOARD HEALTHLAB (FISCAL AGENT FOR BUILDING HEALTHY ONLINE COMMUNITIES

  $1,707,688

  GENERAL SUPPORT

• VITAL STRATEGIES

  $1,149,199

  GENERAL SUPPORT

• POPULATION COUNCIL

  $855,029

  GENERAL SUPPORT

• PREP4ALL

  $665,240

  GENERAL SUPPORT

• CLINTON HEALTH ACCESS INITIATIVE - CHAI

  $541,384

  GENERAL SUPPORT

• ALLIES IN HOPE (FORMERLY AIDS FOUNDATION HOUSTON)

  $500,000

  GENERAL SUPPORT

• FLORIDA HARM REDUCTION COLLECTIVE INC

  $495,271

  GENERAL SUPPORT

• SAN ANTONIO AIDS FOUNDATION

  $495,197

  GENERAL SUPPORT

• GEORGIA HARM REDUCTION COALITION

  $491,263

  GENERAL SUPPORT

• EQUALITY OHIO

  $445,380

  GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• THE ELTON JOHN AIDS FOUNDATION

  CHARITABLE · UK

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

9 September 2024

IRS schema version

2023v5.1

Source object

202412539349301046

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.