Envisionleadgrow Inc, operating under the name Elg, is located in Norfolk, VA. The organization was established in 2017. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 12/2020, Elg employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elg 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, Elg generated $402.1k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $375.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 3 years. 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
THE SUMMER ENTREPRENEURSHIP IMMERSION CAMPS WERE HELD VITUALLY THIS PAST YEAR DUE TO COVID. THE GIRLS WERE SELECTED FROM LEADING U.S. CITIES WITH CHILDERN BELOW THE FEDERAL POVERTY LEVEL AND INVITED THEM TO ATTEND A ONE WEEK CAMP WHERE THEY LEARNED THE BUILDING BLOCKS OF BECOMING AN ENTREPRENEUR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER ENTREPRENEURSHIP IMMERSION CAMPS: THE SUMMER ENTREPRENEURSHIP IMMERSION CAMP IS THE ENTRY POINT FOR ALL ENVISION LEAD GROW (ELG) GIRL BOSSES. WE SELECT GIRLS FROM LEADING U.S. CITIES WITH CHILDREN BELOW THE FEDERAL POVERTY LEVEL AND INVITE THEM TO ATTEND A ONE-WEEK, ALL-EXPENSE-PAID SLEEPAWAY CAMP WHERE THEY LEARN THE BUILDING BLOCKS OF BECOMING AN ENTREPRENEUR. OVER THE COURSE OF THE SUMMER PROGRAM, PARTICIPANTS TAKE PART IN EXERCISES DESIGNED TO HELP THEM THINK BIGGER, APPLY ENTREPRENEURIAL, STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATHEMATICS)-INFUSED SKILLS TO EVERYDAY LIFE, AND TO MAKE BETTER DECISIONS. AT THE CONCLUSION OF THE CAMP, THESE YOUNG WOMEN WILL LEAVE WITH A SOLID BUSINESS IDEA, A PASSION PITCH THAT THEY CAN USE TO SELL THEIR IDEAS TO OTHERS AND CONFIDENCE TO TAKE THEIR COMPANIES TO THE NEXT LEVEL. IN 2017, WE SERVED A TOTAL OF 414 GIRL BOSSES FROM 7 DIFFERENT CITIES. IN 2018, 250 GIRLS BOSSES FROM 9 DIFFERENT CITIES WERE SERVED. IN 2019, OUR GOAL IS TO SERVE 600 GIRL BOSSES FROM 30 DIFFERENT STATES, WITH AN ULTIMATE MISSION OF REACHING 1,000 GIRL BOSSES IN 48 STATES BY 2020.
THE YOUNG GIRLS RULE! EVENT WAS CREATED TO DEVELOP A PLATFORM TO CELEBRATE AND HONOR FEMALE SUCCESSFUL ENTREPRENEURS AND THOSE WHO HAVE SUPPORTED YOUNG GIRL ENTREPRENEURSHIP MOVEMENTS. BY DEMONSTRATING THE SUCCESS OF YOUNG ENTREPRENEURS, WE WILL INSPIRE THE COMMUNITY TO SUPPORT AND ENCOURAGE THE DREAMS OF YOUNG GIRLS IN THEIR HOUSEHOLDS, THE COMMUNITY, AND THE NATION.
ALL-GIRL, ALL-CITY MONTHLY WEBINARS: THROUGHOUT THE ACADEMIC SCHOOL YEAR, ALL ELG GIRL BOSSES ARE REQUIRED TO PARTICIPATE IN MONTHLY WEBINAR SESSIONS DESIGNED TO FURTHER THEIR ENTREPRENEURSHIP TRAINING AND BUSINESS DEVELOPMENT SKILLS. GIRLS ARE GIVEN MONTHLY ASSIGNMENTS AND EARN POINTS TOWARDS AN ALL-EXPENSE PAID ANNUAL ENTREPRENEURSHIP INSTITUTE IN APRIL. TRAINING TOPICS RANGE FROM DEVELOPING MISSION/VISION/CAPABILITY STATEMENTS, TO MARKETING AND BRANDING, AND FINANCIAL MANAGEMENT. 664 GIRL BOSSES HAVE ALSO BENEFITED FROM THESE MONTHLY TRAINING SESSIONS TO DATE.
ANNUAL ENTREPRENEURSHIP INSTITUTE: THE ANNUAL ENTREPRENEURSHIP INSTITUTE IS A SPECIAL OPPORTUNITY FOR ELG'S HIGHEST-PERFORMING AND MOST MOTIVATED GIRL BOSSES TO MEET WITH SUCCESSFUL BUSINESS LEADERS FROM ACROSS THE COUNTRY TO LEARN LIFE-CHANGING BUSINESS SKILLS. BASED ON POINTS EARNED THROUGHOUT THE YEAR FOR ACTIVE PARTICIPATION AND COMPLETION OF MONTHLY ASSIGNMENTS, THE TOP GIRLS ARE INVITED TO A THREE-DAY, ALL-EXPENSE-PAID CONFERENCE WHERE THEY PARTICIPATE IN SPECIAL WORKSHOPS AND TRAINING SESSIONS. ON THE FINAL DAY, GIRLS ARE ABLE TO SHOWCASE THEIR OWN BUSINESSES DURING THE ENTREPRENEUR MARKETPLACE, AND THE GIRL WITH THE WINNING BUSINESS PITCH RECEIVES $500 SEED MONEY TO GROW HER COMPANY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Angela D Reddix Founder & Board Chair | OfficerTrustee | 10 | $0 |
Monica Hammond Vice Chair & Director | OfficerTrustee | 3 | $0 |
Anne Bibeau Secretary & Director | OfficerTrustee | 3 | $0 |
Kimberly Brown Treasurer | OfficerTrustee | 2.25 | $0 |
Mike Alexander Director | Trustee | 2.25 | $0 |
Amma Guerrier Director | Trustee | 2.25 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $83,623 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $319,434 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $403,057 |
Total Program Service Revenue | $0 |
Investment income | $5 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$1,001 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $402,061 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $65,402 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $19,793 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,293 |
Fees for services: Accounting | $7,305 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,986 |
Office expenses | $4,989 |
Information technology | $29,970 |
Royalties | $0 |
Occupancy | $0 |
Travel | $556 |
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 | $7,881 |
All other expenses | $13,028 |
Total functional expenses | $375,571 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $251,421 |
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 | $251,421 |
Accounts payable and accrued expenses | $1,850 |
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 | $207,791 |
Total liabilities | $209,641 |
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 | $41,780 |
Total liabilities and net assets/fund balances | $251,421 |
Over the last fiscal year, we have identified 5 grants that Envisionleadgrow Inc has recieved totaling $164,607.
Awarding Organization | Amount |
---|---|
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $59,607 |
Townebank Foundation Suffolk, VA PURPOSE: GEN. CHARITABLE | $50,000 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: ENVISION LEAD GROW, INC. BLACK COMMUNITY PARTNERSHIP GRANT | $30,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: 2022 ENTREPRENEUR INSTITUTE- ENVIRONMENTAL PROJECT | $20,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: 2021 WINTER BOSS UP CONFERENCE | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Students Of Georgetown Inc Washington, DC | $1,825,753 | $1,878,244 |
Core Inc Washington, DC | $1,570,238 | $1,229,235 |
Youth Venture Inc Arlington, VA | $1,779,161 | $1,481,791 |
L I F E Skills Foundation Durham, NC | $1,880,740 | $554,116 |
Young Americas Business Trust Washington DC, DC | $34,228 | $546,592 |
Future Business Leaders Of America- Phi Beta Lambda Inc Reston, VA | $10,435,182 | $583,574 |
Camp Living Stones Inc Englewood, TN | $1,120,126 | $494,096 |
Envisionleadgrow Inc Norfolk, VA | $251,421 | $402,061 |
Conscious Capitalist Group Foundation Inc Richmond, VA | $12,408 | $0 |
Neighborhood Lets Count It Up And Build It Up Memphis, TN | $349,341 | $424,235 |
Bowling Green Area Chamberfoundation Inc Bowling Green, KY | $519,224 | $199,162 |
Take Our Daughters & Sons To Work Foundation Elizabeth City, NC | $18,188 | $0 |