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Nonprofiteer
← ELM INSTITUTE INC

Form 990 for tax year 2024

Filed by ELM INSTITUTE INC.

Totals

Total revenue
$561,872
Total expenses
$575,063
Contributions and grants received
$552,472
Grants paid
$139,327
Program service revenue
$0
Investment income
$0
Other revenue
$9,400
Total assets, end of year
$74,041
Total liabilities, end of year
$2,927
Net assets or fund balances, end of year
$71,114
Program services expenses (Part IX)
$476,005
Management and general expenses
$79,395
Fundraising expenses
$19,663
Program service expenses (Part III)
$476,005

Program services were 82.8% 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.

  • 1f · All other contributions, gifts and grants

    $552,472

  • 6a · Gross rents

    real property $8,400

  • 6c · Rental income or loss

    real property $8,400

  • 6d · Net rental income or loss

    total $8,400 · related or exempt $8,400

  • 11a · Other revenue: Miscellaneous

    total $1,000 · related or exempt $1,000

  • 11e · Other revenue, total

    $1,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $119,327 · program services $119,327

  • 2 · Grants to domestic individuals

    total $20,000 · program services $20,000

  • 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 $230,000 · program services $172,500 · management and general $46,000 · fundraising $11,500

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $39,837 · program services $29,878 · management and general $7,967 · fundraising $1,992

  • 10 · Payroll taxes

    total $23,000 · program services $17,250 · management and general $4,600 · fundraising $1,150

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $1,968 · management and general $1,968

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $12,536 · program services $8,453 · management and general $4,083

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $42,000 · program services $31,500 · management and general $10,500

  • 17 · Travel

    total $7,917 · program services $2,893 · management and general $3 · fundraising $5,021

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,895 · program services $948 · management and general $947

  • 23 · Insurance

    total $4,959 · program services $1,632 · management and general $3,327

  • 24a · Other expenses: Program Expenses

    total $71,624 · program services $71,624

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,942 · end of year $57,560

  • 3 · Pledges and grants receivable

    beginning of year $48,200 · end of year $11,670

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

    $35,281

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

    $31,470

  • 10c · Land, buildings and equipment, net

    beginning of year $5,706 · end of year $3,811

  • 15 · Other assets

    beginning of year $1,000 · end of year $1,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,544 · end of year $2,927

  • 27 · Net assets without donor restrictions

    beginning of year $84,304 · end of year $71,114

Mission and programs · 2024

Mission

To maintain, develop, and transmit ideas and principles that are integral to preparing young men and women for productive and conscientious lives.

  • Programs consist of interdisciplinary luncheon seminars with Yale faculty, graduate students and undergraduate students on broadly philosophical themes the organizing of reading groups, colloquia, and seminars on topics in philosophy, political theory, the humanities, and religious studies and the support of programs on these themes at Yale University.

    Expenses $476,005

As filed on the 2024 return.

Listed in Part VII

  • Patrick Hough

    CEO

    Total calculated
    $140,000
    From this org
    $140,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Peter Wicks

    Director

    Total calculated
    $90,000
    From this org
    $90,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Mark Berner

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Markos Drakotos

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Thomas White Esq

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Joshua Becker Esq

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Joseph Nawrocki

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Brian Cashin

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Luis Tellez

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 10 related
  • Danilo Petranovich

    Vice President

    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.

Grants on this return

  • Yale University

    $119,327

    Research

Provenance

Return type
form_990
Tax year
2024
Filed
24 March 2025
IRS schema version
2024v5.1
Source object
202500839349300770

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