Envisionleadgrow Inc
- Assets
- $202.1k
- Revenue
- $829.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Norfolk, VA
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 81-4671522
Organization Overview
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 12/2023, Elg employed 8 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 12/2023, Elg generated $829.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $680.7k during the year ending 12/2023. While expenses have increased by 9.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ECONOMIC EMPOWERMENT SERVICES FOR WOMEN AND GIRLS FROM HISTORICALLY EXCLUDED COMMUNITIES THROUGH PROGRAMS THAT INCREASE EQUITY, OWNERSHIP, ENTREPRENEURSHIP, SCHOLARSHIP AND INVESTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOU GO GIRL: THE ENVISION LEAD GROW PROGRAM BEGINS HERE, WITH THE ENTREPRENEURIAL SUMMER IMMERSION CAMP. MIDDLE SCHOOL GIRLS FROM THE SEVEN CITIES COME TOGETHER AT A SLEEP-AWAY CAMP, ON A COLLEGE CAMPUS, TO LEARN THE BUILDING BLOCKS OF BECOMING AN ENTREPRENEUR. AT THE END OF THE SUMMER IMMERSION CAMP, THESE YOUNG WOMEN LEAVE WITH A SOLID BUSINESS IDEA, A PASSION PITCH THEY CAN USE TO SELL THEIR IDEA TO OTHERS AND CONFIDENCE TO TAKE THEIR COMPANY AND ULTIMATELY THEIR COMMUNITY TO THE NEXT LEVEL. OVER THE COURSE OF THE SUMMER AND THROUGHOUT THE SCHOOL YEAR, GIRLS RECEIVE MENTORING, IN-PERSON AND VIA WEBINARS, THE OPPORTUNITY TO ATTEND A SPRING INSTITUTE FOR TOP PERFORMERS, AND MONTHLY ACTIVITIES FOR THEMSELVES AND THEIR FAMILIES. WE ARE BUILDING TEEN ENTREPRENEURS, WHO BECOME "THOUSAND-AIRES" WHILE STILL IN SCHOOL!
ALL OTHERS, INCLUDING THE BLOSSOM NETWORK: *NEWLY ADDED DUE TO DEMAND. EVEN AFTER GRADUATION, GIRLS STILL NEED ACCOUNTABILITY, MENTORING, AND RESOURCES. THE BLOSSOM NETWORK PROVIDES MONTHLY WEBINARS FOR ELG GRADUATES AND CONTINUED MENTORING. THE BLOSSOM NETWORK SERVES AS A RESOURCE FOR WOMEN 18-25 TO BUILD FINANCIAL LITERACY AND CONFIDENCE.
BOSS UP: HIGH SCHOOL GIRLS ENTER VIA PARTICIPATION IN THE BOSS UP CONFERENCE. GIRLS LEARN SELF-EMPOWERMENT, LEADERSHIP SKILLS, ENTREPRENEURSHIP SKILLS, SOCIAL JUSTICE, AND COLLEGE PREPARATION. GIRLS CREATE THEIR OWN VENTURES FOR PROFIT OR SOCIAL CHANGE.
THE WOMANHOOD INITIATIVE: PROVIDES FINANCIAL LITERACY, WEALTH BUILDING STRATEGIES, SPECIALIZED MENTORING AND SUPPORT TO ENTREPRENEURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela D Reddix Founder & Board Chair | OfficerTrustee | 10 | $0 |
Monica Hammond Vice Chair & Director | OfficerTrustee | 3 | $0 |
Stacie Otey-Scott Director | OfficerTrustee | 3 | $0 |
Kimberly Brown Williams Treasurer | OfficerTrustee | 2.25 | $0 |
Nancy Grden Director | Trustee | 2.25 | $0 |
Miriam Goganious Director | Trustee | 2.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $237,310 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,913 |
| Total Program Service Revenue | $510,306 |
| Investment income | $13 |
| 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 | $829,232 |
| 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 | $28,458 |
| Other salaries and wages | $113,832 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,345 |
| Payroll taxes | $10,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $646 |
| Fees for services: Accounting | $14,735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $468,313 |
| Advertising and promotion | $91 |
| Office expenses | $4,529 |
| Information technology | $3,115 |
| Royalties | $0 |
| Occupancy | $1,457 |
| Travel | $0 |
| 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 | $1,813 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,630 |
| All other expenses | $842 |
| Total functional expenses | $680,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,123 |
| 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 | $5 |
| Total assets | $202,128 |
| Accounts payable and accrued expenses | $2,319 |
| 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 | $152,620 |
| Total liabilities | $154,939 |
| 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 | $47,189 |
| Total liabilities and net assets/fund balances | $202,128 |