Elevated Thought Foundation Inc
- Assets
- $374.1k
- Revenue
- $616.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Lawrence, MA
- Founding
- 01/2011
- Data as of
- 12/2020
- EIN
- 27-3519031
Organization Overview
Elevated Thought Foundation Inc is located in Lawrence, MA. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2020, Elevated Thought Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevated Thought Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Elevated Thought Foundation Inc generated $616.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.4% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
AN ART & SOCIAL JUSTICE ORGANIZATION THAT SERVES & DEVELOPES COMMUNITIES THROUGH YOUTH EMPOWERMENT CURRICULUM, BEAUTIFICATION PROJECTS, YOUTH ORGANIZING AND PUBLIC OUTREACH. PROVIDE OPPORTUNITIES FOR YOUTHS & COMMUNITIES TO EXPAND UNDERSTANDING OR ART'S LIBERATING POWER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH PROGRAM CITY OF LAWRENCE
BEAUTIFICATION PROJECT
YOUTH PROGRAM CITY OF LAWRENCE
YOUTH PROGRAM CITY OF LAWRENCE
BEAUTIFICATION PROJECT
YOUTH PROGRAM CITY OF LAWRENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marquis Victor Executive Di | 40 | $107,746 | |
Corina Cornejo Vice Chair | Officer | 1 | $0 |
Jessica Vilas-Novas Board Chair | Officer | 20 | $0 |
Anil Dacosta Director | Trustee | 1 | $0 |
Mona Igram Director | Trustee | 1 | $0 |
Walki Manzueta Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $595,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $609,150 |
| Total Program Service Revenue | $7,449 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $616,599 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,990 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,245 |
| Payroll taxes | $14,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $2,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,011 |
| Advertising and promotion | $772 |
| Office expenses | $5,765 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,382 |
| Travel | $2,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,727 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,887 |
| Insurance | $1,478 |
| All other expenses | $0 |
| Total functional expenses | $325,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,218 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,763 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $37,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $374,082 |
| Accounts payable and accrued expenses | $17 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $40,955 |
| Other liabilities | $435 |
| Total liabilities | $41,407 |
| Net assets without donor restrictions | $332,675 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $374,082 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Elevated Thought Foundation Inc has recieved totaling $244,667.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: CHILDREN & YOUTH DEVELOPMENT (HUMSVCS) | $166,667 |
Nellie Mae Education Foundation Inc Quincy, MA PURPOSE: ELEVATED THOUGHT OPERATING SUPPORT | $50,000 |
Nellie Mae Education Foundation Inc Quincy, MA PURPOSE: CAPACITY BUILDING REQUEST | $15,000 |
Essex County Community Foundation Incorporated Danvers, MA | | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |