Elevate New England Inc
- Assets
- $1.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Lowell, MA
- Founding
- 07/2016
- Data as of
- 06/2022
- EIN
- 81-2111126
Organization Overview
Elevate New England Inc is located in Lowell, MA. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Elevate New England Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevate New England 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, Elevate New England Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 31.1% per year over the past 6 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
BUILD LONG TERM, LIFE CHANGING RELATIONSHIPS WITH URBAN YOUTH, EQUIPPING THEM FOR A PLAN FOR THE FUTURE TO THRIVE AND CONTRIBUTE TO THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POSITIVE YOUTH DEVELOPMENT ORGANIZATION THAT PLACES FULL-TIME DIVERSE TEACHER/MENTORS IN HIGH SCHOOL AND MIDDLE SCHOOL CLASSROOMS TO TEACH CHARACTER AND LEADERSHIP DEVELOPMENT SKILLS USING A COMPREHENSIVE, ETHICS-BASED CURRICULUM. IN THE NEW ENGLAND AREA, MANY URBAN YOUTH LACK EVEN ONE CARING ADULT IN THEIR LIVES, LEADING DIRECTLY TO INCREASED DROPOUT RATES, UNEMPLOYMENT, CRIME, AND OTHER ROADBLOCKS TO THEIR SUCCESS. ELEVATE'S PROGRAMS HAVE BEEN PROVEN EFFECTIVE IN CHANGING THESE TRENDS AND TRANSFORMING LIVES OF OUR NATION'S YOUTH. THE ORGANIZATION'S PROGRAMS HAVE BEEN PROVEN EFFECTIVE IN CHANGING THESE TRENDS AND TRANSFORMING LIVES OF OUR NATION'S YOUTH.
POSITIVE YOUTH DEVELOPMENT THROUGH HEALTHY FUTURES CURRICULUM, WHICH INCLUDES CLASSROOM-BASED EDUCATION, PEER EDUCATION THROUGH AFTER-SCHOOL AND SUMMER PROGRAMS, PARENT EDUCATION WORKSHOPS, SCHOOL AND COMMUNITY CONNECTIONS, AND WEB-BASED RESOURCES. THESE PROGRAMS PROVIDE A HOLISTIC, MULTIFACETED APPROACH PROMOTING POSITIVE YOUTH DEVELOPMENT. HEALTHY FUTURES IS DEDICATED TO EMPOWERING ADOLESCENTS TO AVOID THE HEALTH, SOCIAL, AND PSYCHOLOGICAL CONSEQUENCES OF RISKY DECISIONS BY EQUIPPING STUDENTS WITH THE TOOLS AND EDUCATED SUPPORT SYSTEM THEY NEED TO MAKE HEALTHY CHOICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Pocock President/director | OfficerTrustee | 40 | $76,000 |
Rhea Gordon Executive Director/directo | OfficerTrustee | 55 | $80,233 |
Theresa Littauer Clerk/director | OfficerTrustee | 2.5 | $0 |
Cecilio Hernandez Treasurer/director | OfficerTrustee | 2.5 | $0 |
Mark Wambolt Director | Trustee | 2.5 | $0 |
Thomas Colatosti Director | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,241 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,289,083 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,412,324 |
| Total Program Service Revenue | $53,800 |
| 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 | $1,466,124 |
| 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. | $159,594 |
| Compensation of current officers, directors, key employees. | $40,958 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $478,095 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,563 |
| Payroll taxes | $56,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $59,150 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,317 |
| Advertising and promotion | $9,462 |
| Office expenses | $18,030 |
| Information technology | $8,419 |
| Royalties | $0 |
| Occupancy | $12,522 |
| Travel | $5,762 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,672 |
| Insurance | $27,348 |
| All other expenses | $3,538 |
| Total functional expenses | $1,056,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $783,642 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $283,307 |
| Accounts receivable, net | $33,596 |
| 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 | $3,329 |
| Net Land, buildings, and equipment | $13,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,117,577 |
| Accounts payable and accrued expenses | $63,981 |
| 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 | $0 |
| Total liabilities | $63,981 |
| Net assets without donor restrictions | $791,763 |
| Net assets with donor restrictions | $261,833 |
| 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 | $1,117,577 |