Elias & Sultana Foundation
Only null% goes to programs Strong reserves Declining revenue
Elias & Sultana Foundation is a 501(c)(3) organization based in Frisco, Texas, registered in 2022, with $636,602 in FY2024 revenue. CharityIndex grades it C+.
7207 Calypso Ln, Frisco, TX, 75036 EIN 85-2697541 Since 2022
Revenue (FY2024)
$637K
▼ 79.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$143K
Net assets
$7.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Elias & Sultana Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating585 mo reserves · +78% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Elias & Sultana Foundation: 585 mo reserves · +78% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Elias & Sultana Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Elias & Sultana Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 7207 Calypso Ln, Frisco, TX, 75036
- City
- Frisco
- State
- Texas
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $1.0M (FY2021) to $637K (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $7.0M
Operating margin
77.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$7.0M
Total liabilities
$0
Net assets
$7.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $636,602▼79.5% | $142,843▲95.6% | $6,958,850▲12.9% | $6,958,850▲12.9% | 990PF |
| 2023 | $3,101,067▲210% | $73,023▲167% | $6,162,291▲99.3% | $6,162,291▲99.3% | 990PF |
| 2022 | $1,000,000 | $27,334▼62.8% | $3,092,266▲45.9% | $3,092,266▲45.9% | 990PF |
| 2021 | $1,000,000 | $73,399 | $2,119,600 | $2,119,600 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Elias & Sultana Foundation a legitimate nonprofit?
- Yes. Elias & Sultana Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 85-2697541, based in Frisco, Texas. Donations are tax-deductible.
- What is Elias & Sultana Foundation's EIN?
- Elias & Sultana Foundation's Employer Identification Number (EIN) is 85-2697541.
- How much revenue does Elias & Sultana Foundation report?
- Elias & Sultana Foundation reported $636,602 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Elias & Sultana Foundation have?
- CharityIndex grades Elias & Sultana Foundation C+, based on financial health (reserves and operating margin).
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Data for Elias & Sultana Foundation (EIN 85-2697541) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.