Project Elf Inc

Nonprofit profile at a glance

EIN
203149250
IRS 990-EZ coverage
2025–2025
Forms available
Form 990-EZ 2025, Form 990-N 2024
Location
Belmont, MA, USA
Rating
37
Verdict
REVIEW
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$61,317
Expenses
$47,245
Assets
$21,197

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • Glenn Morgan (President)

People named in this filing

  • Glenn Morgan (President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Working with school principals and presidents of shelter family nonprofit organizations Project Elf Inc distributes Target gift cards to the principals and presidents of shelter family nonprofit organizations so they may anonymously distribute to families unable to afford Christmas or Hanukkah gifts for their children. Project Elf Inc does not share donor names with card recipients. The school principals and shelter family nonprofit organization presidents identify families unable to afford gift and Project Elf Inc delivers the Target gift cards to the principals and shelter family nonprofit presidents and they distribute to families. Project Elf Inc asks for donations via a single email campaign and collects cash and Target card donations from 120 individuals. Our goal is to delivery real world holiday miracles so children will not go without.

What it reported doing in 2025

In 2025 Project Elf Incs 120 donors enabled Project Elf Inc to support over 180 families in schools and shelters in California Illinois Maine Massachusetts New Jersey and Texas. Project Elf Inc served and delivered the means for Christmas or Hanukkah gifts to families in 10 school districts and to families being assisted by six family service nonprofits in Maine and Massachusetts. As aggregately reported by the distributing school principals and shelter nonprofit presidents over 500 family members were supported and provided the means for holiday gifts. Via the school principals and shelter nonprofit presidents Project Elf Inc anonymously provided gift cards ranging from $225 to $250 to each family so the parents or guardians of each family receiving a gift card may purchase Christmas or Hanukkah gifts for their children. We helped over 500 children and their parents or guardians enjoy the holidays rather than miss the holidays. We delivered the spirit of the holidays to parents and guardians seeking to buy gifts for the children in their care.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 3
  • Transparency & Controls: 82
  • Sustainability: 50
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 2.8%; rating input score 3
  • Program expense ratio: 3.6%; rating input score 4

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 22.9%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 2.8% of revenue deployed · 3.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $2K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 3/100.
  • High — Financial Efficiency: Program expense ratio scored 4/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.