Elevar Foundation Inc
- Assets
- $44.4k
- Revenue
- $282.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Boca Raton, FL
- Founding
- 11/2015
- Data as of
- 12/2020
- EIN
- 47-3853344
Organization Overview
Elevar Foundation Inc is located in Boca Raton, FL. The organization was established in 2015. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Elevar 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, Elevar Foundation Inc generated $282.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $319.3k during the year ending 12/2020. While expenses have increased by 28.1% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL PROGRAMS THAT FOCUS ON THE TRANSFORMATION OF LIVES THROUGH MUSIC WITH A FOCUS ON MAKING MUSIC ACCESSIBLE TO ALL PEOPLE WITHOUT REGARD TO THEIR SOCIOECONOMIC STATUS. THROUGH PROVIDING FREE OR LOW-COST OPPORTUNITIES FOR THE YOUNG AND UNDERSERVED POPULATION IN COMMUNITIES, SUCH AS MASTERCLASSES, PERFORMANCES, WORKSHOPS AND INFORMATION SESSIONS, ELEVAR IS ABLE TO ADVANCE EDUCATION AND PROMOTE CLASSICAL MUSIC TO ALL SEGMENTS OF SOCIETY. THROUGH PARTNERING WITH FOR-PROFIT ENTITIES, THE FOUNDATION MATCHES UNDER-PRIVILEGED YOUTH WITH THE NEEDED RESOURCES TO PURSUE MUSIC AND ENHANCE THEIR QUALITY OF LIFE. ELEVAR, THROUGH ONE OF ITS MOST ACTIVE PROGRAMS, THE ELMAR OLIVEIRA INTERNATIONAL VIOLIN COMPETITION, MENTORS YOUNG VIOLINISTS, AGES 16-32, TO BE CITIZEN ARTISTS AND ACTIVELY ENGAGE WITH THE COMMUNITIES THEY LIVE IN AND SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE IT'S INAUGURAL COMPETITION IN 2017, THE ELMAR OLIVEIRA INTERNATIONAL VIOLIN COMPETITION HAS SUPPORTED AND NURTURED ITS FIRST-PRIZE WINNER THROUGH CONTRACTED CONCERT ENGAGEMENTS THROUGHOUT THE UNITED STATES; CREATED AND MANAGED HER WEBSITE; ACTED AS HER LIAISON WITH THE MEDIA; AND ARRANGED COMMUNITY ENGAGEMENT OPPORTUNITIES. IN ADDITION, THE ELMAR OLIVEIRA INTERNATIONAL VIOLIN COMPETITION CONTINUES TO PREPARE FOR THE NEXT COMPETITION AND BUILD RELATIONSHIPS IN THE COMMUNITY.
ELEVAR IS VERY ACTIVE IN THE COMMUNITY, PROVIDING PERFORMANCES FREE OF CHARGE AT ALZHEIMER'S CARE CENTERS, HOSPITALS, TITLE 1 SCHOOLS IN UNDERSERVED COMMUNITIES. ADDITIONALLY, OUR LAUREATES FREQUENTLY GIVE FREE LESSONS AND MASTERCLASSES TO VIOLIN STUDENTS EITHER IN PERSON OR ONLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Arbetter Executive Director | Officer | 40 | $45,173 |
Elmar Oliveira President | OfficerTrustee | 20 | $0 |
Sandra Robbins Vice President | OfficerTrustee | 10 | $0 |
Daniel Probst Treasurer | OfficerTrustee | 10 | $0 |
Dr Jon Robertson Secretary | OfficerTrustee | 5 | $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 | $280,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,325 |
| Total Program Service Revenue | $2,110 |
| Investment income | $1 |
| 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 | $282,436 |
| 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. | $45,174 |
| Compensation of current officers, directors, key employees. | $22,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $968 |
| Other employee benefits | $8,839 |
| Payroll taxes | $3,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $261 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,692 |
| Advertising and promotion | $4,613 |
| Office expenses | $1,175 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $52,797 |
| 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 | $0 |
| Insurance | $368 |
| All other expenses | $920 |
| Total functional expenses | $319,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,418 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,418 |
| 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 | $429 |
| Total liabilities | $429 |
| 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 | $43,989 |
| Total liabilities and net assets/fund balances | $44,418 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gasparilla Music Foundation Inc Tampa, FL | $1,064,591 | $5,545,638 |
Latin Grammy Cultural Foundation Doral, FL | $2,673,582 | $2,064,873 |
Florida West Coast Symphony Inc Endowment Tr Sarasota, FL | $31,410,388 | $1,333,679 |
Clearwater Jazz Holiday Foundation Inc Clearwater, FL | $1,252,742 | $1,598,944 |
Nu Deco Ensemble Inc Miami, FL | $264,007 | $1,216,119 |
Bach Festival Society Of Winter Park Winter Park, FL | $4,981,220 | $1,213,306 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Young Musicians Unite Inc Miami, FL | $743,271 | $986,222 |
Florida Smooth Jazz Foundation Inc Daytona Beach, FL | $674,500 | $806,903 |
Southwest Florida Symphony Orchestra And Chorus Association I Fort Myers, FL | $2,643,813 | $756,553 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Chamber Music Society Of Palm Beach Inc Palm Beach, FL | $369,109 | $714,588 |