Elevation Scholars Inc
- Assets
- $488.2k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Orlando, FL
- Founding
- 04/2015
- Data as of
- 06/2022
- EIN
- 47-1809808
Organization Overview
Elevation Scholars Inc is located in Orlando, FL. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Elevation Scholars Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevation Scholars 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 06/2022, Elevation Scholars Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.2m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE INVEST IN HIGH-NEED, HIGH-ACHIEVING STUDENTS WHO HAVE DEMONSTRATED COMMUNITY IMPACT, HELPING THEM TO AND THROUGH THE NATION'S MOST COMPETITIVE COLLEGES AND UNIVERSITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE INVEST IN HIGH-NEED, HIGH-ACHIEVING STUDENTS WHO HAVE DEMONSTRATED COMMUNITY IMPACT, HELPING THEM TO AND THROUGH THE NATION'S MOST COMPETITIVE COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Orosz Chairman | Trustee | 3 | $0 |
Roderick Morss Director | Trustee | 3 | $0 |
Russ Prather Director | Trustee | 3 | $0 |
Kristen King Director | Trustee | 3 | $0 |
Mike Atchison Director | Trustee | 3 | $0 |
Shani Cuningham Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,003,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,003,250 |
| 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 | $1,003,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $259,903 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $497,683 |
| Compensation of current officers, directors, key employees. | $43,009 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,794 |
| Advertising and promotion | $31,927 |
| Office expenses | $7,931 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,417 |
| Travel | $94,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $131,949 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,575 |
| Insurance | $7,959 |
| All other expenses | $0 |
| Total functional expenses | $1,242,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,398 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $229,212 |
| 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 | $2,145 |
| Net Land, buildings, and equipment | $7,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $488,218 |
| Accounts payable and accrued expenses | $98,863 |
| Grants payable | $0 |
| Deferred revenue | $222,500 |
| 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 | $0 |
| Total liabilities | $321,363 |
| Net assets without donor restrictions | $166,855 |
| 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 | $488,218 |
Grants Awarded
Over the last fiscal year, Elevation Scholars Inc has awarded $35,550 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AVALON COMMUNITY CHURCH PURPOSE: LIMON CORRECTIONAL | $11,050 |
THE NEHEMIAH PROJECT PURPOSE: TRAINING/DEV | $12,500 |
ELEVATION ACADEMY | | | $12,000 |