Elevate Lives
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MO
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 81-4490605
Organization Overview
Elevate Lives is located in Springfield, MO. The organization was established in 2016. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevate Lives 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, Elevate Lives generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $903.7k during the year ending 12/2022. While expenses have increased by 16.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ELEVATE LIVES ENDS POVERTY ONE FAMILY AT A TIME. WE LEAD THE WORKING POOR TO BECOME THRIVING, CONTRIBUTING MEMBERS OF SOCIETY THROUGH A FAITH-CENTERED APPROACH AND TRANSFORMATION COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WILL AT VARIOUS TIMES ADJUST ITS FOCUS TO DIFFERENT SPECIFIC WAYS TO HELP THOSE IN POVERTY EITHER DIRECTLY OR INDIRECTLY. THE PURPOSE OF THE ORGANIZATION SHALL BE TO HELP THOSE IN POVERTY. THE ORGANIZATION WILL OPERATE IN VARIOUS WAYS TO HELP THE POOR AND MAY DO SO IN ANY NUMBER OF CITIES MOSTLY IN THE UNITED STATES BUT CAN ALSO AT ITS DISCRETION HLP THOSE IN POVERTY IN OTHER COUNTRIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell D Gosselin President & CEO | OfficerTrustee | 40 | $54,862 |
Sharon L Gosselin Secretary | OfficerTrustee | 3 | $0 |
Dan Prater Board Member | Trustee | 0 | $0 |
Kevin Rose Board Member | Trustee | 0 | $0 |
Kary Kingsland Board Member | Trustee | 0 | $0 |
Russell D Gosselin Board Member | Trustee | 0 | $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 | $1,058,897 |
| Noncash contributions included in lines 1a–1f | $415,423 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,058,897 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,656 |
| 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 | $1,112,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,275 |
| 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. | $54,862 |
| Compensation of current officers, directors, key employees. | $27,431 |
| 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 | $5,119 |
| Fees for services: Accounting | $13,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,470 |
| Advertising and promotion | $1,590 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,972 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,568 |
| All other expenses | $34,671 |
| Total functional expenses | $903,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,700 |
| 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 | $2,084,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4 |
| Total assets | $2,085,868 |
| 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 | $3,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $992,216 |
| Total liabilities | $995,216 |
| Net assets without donor restrictions | $1,090,652 |
| 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 | $2,085,868 |