Elevate Hope Inc
- Assets
- $780.0k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Beverly Hills, CA
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-3778816
Organization Overview
Elevate Hope Inc is located in Beverly Hills, CA. The organization was established in 2011. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Elevate Hope Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevate Hope 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 12/2021, Elevate Hope Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 60.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 48.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECT CULTURE CREATORS & LEADERS TO LOCAL COMMUNITIES TO PROVIDE RESOURCES RANGING FROM... ...SPORTS LEAGUES, AFTER SCHOOL TUTORING, STEM MEDIA LAB, CULINARY ARTS KITCHEN, PERFORMING ARTS STUDIO, MUSIC, ACTING, FASHION DESIGN, ETIQUETTE COURSES, RESUME BUILDING WORKSHOPS, ANTI-BULLYING CLASSES, MENTAL HEALTH/STRESS MANAGEMENT, AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SERVICES FOR THE LOCAL COMMUNITY, INCLUDING EDUCATIONAL, RECREATIONAL, HUMANITARIAN, ATHLETIC, MENTORING, AND CREATIVE EMPOWERMENT.
PROVIDE SERVICES FOR THE LOCAL COMMUNITY, INCLUDING EDUCATIONAL, RECREATIONAL, HUMANITARIAN, ATHLETIC, MENTORING, AND CREATIVE EMPOWERMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Mayo Executive Director | Officer | 40 | $84,500 |
Rick Rushton Vice President | Officer | 1 | $0 |
Dan Kang Treasurer | Officer | 1 | $0 |
Jeanne Mayo Secretary | Officer | 5 | $0 |
Chad Wehba Board Member | Trustee | 1 | $0 |
Bridget Gless Keller Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,362 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,797,851 |
| Noncash contributions included in lines 1a–1f | $1,396,502 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,993,213 |
| Total Program Service Revenue | $0 |
| 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 | $1,993,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,500 |
| Compensation of current officers, directors, key employees. | $16,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $407 |
| Fees for services: Accounting | $11,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,073 |
| Office expenses | $2,259 |
| Information technology | $105 |
| Royalties | $0 |
| Occupancy | $46,129 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,060 |
| Insurance | $9,895 |
| All other expenses | $1,644 |
| Total functional expenses | $1,811,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $681,747 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $98,208 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $779,955 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $462 |
| Total liabilities | $462 |
| Net assets without donor restrictions | $0 |
| 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 | $779,493 |
| Total liabilities and net assets/fund balances | $779,955 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Elevate Hope Inc has recieved totaling $496,039.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $366,130 |
Freedom And Fashion Inc Los Angeles, CA PURPOSE: DOMESTIC VIOLENCE MONTH AND HOLIDAY GIFTS | $73,327 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $29,423 |
Oregon Community Foundation Portland, OR PURPOSE: OST and Mentoring | $15,000 |
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $8,000 |
The Steven G Mihaylo Foundation Tempe, AZ PURPOSE: PROVIDING 24/7 COMMUNITY FOR CULTURE CREATORS AND LEADERS TO EMPOWER THEIR LIVES, SUPPORT THEIR DREAMS, AND DEVELOP THEIR TALENTS, WHILE REACHING OUT THE HELP HUMANITY AND MENTOR THOSE IS NEED. | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berkeley Food And Housing Project Berkeley, CA | $7,900,684 | $21,326,193 |
Share Our Selves Corporation Costa Mesa, CA | $13,161,484 | $22,056,781 |
Sunnyvale Community Services Sunnyvale, CA | $29,619,187 | $14,030,633 |
Community Services Agency Mountain View, CA | $11,484,869 | $8,235,687 |
Nourishphx Phoenix, AZ | $2,191,792 | $7,784,112 |
Ritter Center San Rafael, CA | $5,905,734 | $8,335,451 |
Palo Alto Partners In Education Palo Alto, CA | $369,331 | $5,391,547 |
Tri City Volunteers Inc Fremont, CA | $1,100,335 | $5,260,613 |
Las Vegas Rescue Mission Las Vegas, NV | $10,258,184 | $5,827,768 |
Community Sharing Program Cottage Grove, OR | $1,172,872 | $4,294,366 |
Valley Foundation San Jose, CA | $75,319,298 | $7,719,370 |
Snow Cap Community Charites Fairview, OR | $6,428,689 | $4,080,561 |