Elpis Enterprises
- Assets
- $287.6k
- Revenue
- $482.4k
- Investments
- $0.0
- Employees
- 28
- Location
- St Paul, MN
- Founding
- 08/2003
- Data as of
- 12/2022
- EIN
- 56-2318910
Organization Overview
Elpis Enterprises is located in St Paul, MN. The organization was established in 2003. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Elpis Enterprises employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elpis Enterprises 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 12/2022, Elpis Enterprises generated $482.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $591.2k during the year ending 12/2022. While expenses have increased by 10.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOSTERING YOUTH EMPLOYMENT AND CAREER PATHWAY BUILDING THROUGH SOCIAL ENTERPRISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, WE WORKED WITH 28 TRAINEES (UNDUPLICATED), AS WELL AS REACHED OUT AND PROVIDED GUIDANCE AND SUPPORT AS NEEDED TO MORE THAN 30 GRADUATES FROM 2021 AND PREVIOUS YEARS. ALL CAME TO ELPIS WITH LIVED EXPERIENCES THAT RESULTED IN OR PLACED THEM AT RISK FOR EXPERIENCING HOMELESSNESS OR UNSTABLE HOUSING.WITHIN OUR SOCIAL ENTERPRISE BASED TRAINING COMPONENT, WE WORKED WITH 28 TRAINEES IN 2022. OF THOSE COMPLETING THIS COMPONENT, 77% ACHIEVED MEANINGFUL OUTCOMES, WHICH IS DEFINED AS OBTAINING IMMEDIATE POST-ELPIS EMPLOYMENT AND/OR CONTINUING WITH THEIR EDUCATION AS RELATED TO THEIR CAREER GOALS. EXCLUDING THREE TRAINEES WHO CONTINUED TO WORK ON SIGNIFICANT HOUSING, HEALTH, AND SIMILAR CHALLENGES, THE PERCENTAGE IS 93%. 80% DEMONSTRATED IMPROVEMENT AND/OR PROFICIENCY IN AT LEAST 10 OF THE 12 EMPLOYMENT READINESS SKILLS IDENTIFIED BY THE U.S. DEPARTMENT OF LABOR AS BEING THE FOUNDATION FOR SUCCESS IN ANY CAREER OR WORKPLACE. STATISTICALLY SIGNIFICANT IMPROVEMENTS WERE REPORTED SPECIFIC TO FEELING CONFIDENT, KNOWING HOW TO MAKE THE COMMUNITY A BETTER PLACED, AND FEELING COMFORTABLE SPEAKING IN FRONT OF OTHERS. THERE WAS ALSO AN IMPROVEMENT IN HAVING AN ADULT THEY CAN TALK WITH WHEN HAVING A PROBLEM.IN 2022, WE HAD SIX TRAINEES OPT FOR OUR EARN AND LEARN COMPONENT. OF THE TWO THAT COMPLETED THE PLACEMENT IN 2022, BOTH ACHIEVED MEANINGFUL OUTCOMES. FOR THE REMAINING FOUR, THEIR EARN AND LEARN PLACEMENT WOULD EXTEND INTO 2023.AMONG TRAINEES WHO COMPLETED OUR PROGRAM IN 2022, 83% RATED THEIR EXPERIENCE AT ELPIS AS "EXCELLENT OR "VERY GOOD".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Dyrhaug Chairman | OfficerTrustee | 1 | $0 |
Hannah Hugen Treasurer | OfficerTrustee | 1 | $0 |
Nicola Nici Giusti Secreatary | OfficerTrustee | 1 | $0 |
Aneesha Kelly Director | Trustee | 1 | $0 |
Marney Thomas Director | Trustee | 1 | $0 |
Robert Torgerson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,843 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,736 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $392,579 |
| 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 | $89,783 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $482,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,859 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,848 |
| Compensation of current officers, directors, key employees. | $6,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,969 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,120 |
| Payroll taxes | $8,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,155 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,660 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,500 |
| Advertising and promotion | $2,664 |
| Office expenses | $27,142 |
| Information technology | $6,560 |
| Royalties | $0 |
| Occupancy | $59,112 |
| Travel | $1,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,194 |
| Interest | $500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,041 |
| Insurance | $10,421 |
| All other expenses | $365 |
| Total functional expenses | $591,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,950 |
| Accounts receivable, net | $30,955 |
| 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 | $76,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $287,555 |
| Accounts payable and accrued expenses | $13,533 |
| 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 | $7,705 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,238 |
| Net assets without donor restrictions | $152,837 |
| Net assets with donor restrictions | $113,480 |
| 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 | $287,555 |