ELM FOUNDATION INC

EIN: 833984300 501(c)(3) Arts, Culture & Humanities

BROOKLYN, NY

Total Revenue
$433,014
Total Expenses
$425,118
Total Assets
$8,702
Net Assets
$8,702
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
PAUL EISENBERG
Phone
9172047129
Tax Period
2025-01-01 to 2025-12-31

ELM FOUNDATION INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $433K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

PROMOTE THE HEALING POWER OF THE ARTS. THROUGH ART THERPAY ADVOCACY, MULTIDISCIPLINARY ARTS EDUCATION, AND MENTORSHIPS CONNECTING PROFESSTIONAL ARTISTS WITH YOUTH.

Program Service Accomplishments

Program 1
Expenses: $85,718 Revenue: $0

Education: Throughout the year, ELM offers free after-school arts classes in 8-week sessions 4 times a year, impacting approximately 150 children annually in our community. ELM Foundation is...

Read more

Education: Throughout the year, ELM offers free after-school arts classes in 8-week sessions 4 times a year, impacting approximately 150 children annually in our community. ELM Foundation is committed to providing accessible, free art education programs for youth in our community. By filling the gaps in socio-economic needs, we provide a third of our students with their only access to structured arts education. Beyond making art education financially accessible, another goal is to address educational gaps in art within public schools and meet community needs. Sixty-three percent of parents rate current offerings as mediocre or non-existent, underscoring the urgent need for supplemental arts programs. Additionally, 27% participate to expand their childs interests in the arts, demonstrating the broader impact of our initiatives on childrens educationl and personal development.

Program 2
Expenses: $38,962 Revenue: $0

Gallery: The Boiler, ELM Foundations gallery and exhibition space, provides equitable access for artists and promotes diversity in contemporary and community arts programming. Serving as a vibrant...

Read more

Gallery: The Boiler, ELM Foundations gallery and exhibition space, provides equitable access for artists and promotes diversity in contemporary and community arts programming. Serving as a vibrant hub for creativity and mentorship. The Boiler supports both emerging and established artists while engaging the broader community through exhibitions, youth programs, and partnerships. In 2024, we hosted five professional and two high school exhibitions, welcoming over 1,000 visitors. These shows included four youth workshops serving more than 200 participants, offering hands-om experiences with exhibiting artists. Collaboration is central to our mission-The Boiler partnered with three nonprofit organizations to help them achieve their goals, reaching an additional 450 attendees. Art gallery programs incorporate mentorship, inspiring youth to see art as a viable career path and connecting them with creative professionals who encourage their continued artistic and educational growth.

Program 3
Expenses: $31,170 Revenue: $0

Community: ELM aims to be a cornerstone of support and unity in the community, focusing on nurturing creatives, children, and families through inclusive initiatives. Our cherished annual free events...

Read more

Community: ELM aims to be a cornerstone of support and unity in the community, focusing on nurturing creatives, children, and families through inclusive initiatives. Our cherished annual free events, like our Halloween party BOO BASH, Pride Fair, and Birthday celebration, demonstrate community solidarity, supported by families, volunteers, and local sponsors. Our events offer families a place to gather and experience artistic creativity, promoting unity together and within their community. These events also allow locally owned businesses to show their support, thereby fostering the growth and vibrancy of our neighborhood. In 2024, 16 local businesses supported our efforts, providing approximately 500 family members with the opportunity to participate in these free activities.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $433,014
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $433,014

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,000
Fundraising Expenses $0
Program Expenses $155,850
Other Expenses $330,118
TOTAL EXPENSES $425,118

Year-over-Year Comparison

2025 2024 Change
Revenue $433,014 $374,361 +0.2%
Expenses $425,118 $401,103 +0.1%
Net Income $7,896 $-26,742 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
5
Volunteers
57

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELINDA MCCOY DIRECTOR 40.00
Officer Director
$0 $0 $0
PAUL EISENBERG TREASURER 20.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $433,014 $425,118 $8,702 $7,896
2024 No data No data No data No data
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare ELM FOUNDATION INC with other nonprofits in New York and across the country.