Elevate Studios Inc
- Assets
- $789.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Eustis, FL
- Founding
- 01/2014
- Data as of
- 12/2020
- EIN
- 45-5246542
Organization Overview
Elevate Studios Inc is located in Eustis, FL. The organization was established in 2014. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevate Studios 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, Elevate Studios Inc generated $120.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $130.3k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
ELEVATE STUDIOS HAS SERVED THROUGH LESSONS, CLASSES, PRIVATE LESSONS, CAMPS AND PERFORMANCE OPPORTUNITIES APPROXIMATELY 100 YOUTH PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Ritchie President | 0 | $0 | |
Cheryl Ritchie Vp/exec Director | 40 | $0 | |
Daniel James Sect/treas | 0 | $0 | |
Rayford Dave Lynn Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $120,421 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,421 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $775 |
| Occupancy, rent, utilities, and maintenance | $43,757 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $85,789 |
| Total expenses | $130,321 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $628 |
| Other assets | $0 |
| Total assets | $789 |
| Total liabilities | $96,370 |
| Net assets or fund balances | -$95,581 |