Elevate Bridgeport Inc
- Assets
- $540.6k
- Revenue
- $893.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Bridgeport, CT
- Founding
- Data as of
- 06/2023
- EIN
- 85-1121429
Organization Overview
Elevate Bridgeport Inc is located in Bridgeport, CT. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Elevate Bridgeport Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevate Bridgeport 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 06/2023, Elevate Bridgeport Inc generated $893.2k in total revenue. All expenses for the organization totaled $548.5k during the year ending 06/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING LONG-TERM, LIFE-CHANGING RELATIONSHIPS WITH URBAN YOUTH, EQUIPPING THEM TO THRIVE AND CONTRIBUTE TO THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORING - TEACHER MENTORS SPEND 50% OF THEIR TIME OUTSIDE OF THE CLASSROOM MENTORING HIGH SCHOOL AND JUNIOR HIGH SCHOOL STUDENTS. TEACHER MENTORS ARE AVAILABLE TO THEIR STUDENTS ON EVENINGS, WEEKENDS, AND OVER HE SUMMER. THEY PAY ATTENTION TO THE WHOLE CHILD TO DISCOVER THEIR TALENTS, INTEREST, AND HOPES FOR THE FUTURE THROUGH ACTIVITIES AND QUALITY TIME. OUR TEACHER MENTORS REPRESENT A POSITIVE ROLE MODEL IN A STUDENT'S LIFE INFLUENCING THE TRAJECTORY FOR THEIR FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Upshaw Member | Trustee | 5 | $0 |
John Brockenberry Member | Trustee | 5 | $0 |
Kevin Mcspirit Member | Trustee | 5 | $0 |
Wesley Johnson Member | Trustee | 5 | $0 |
Bob Niedermeier President | Officer | 5 | $0 |
William Mccullough Secretary | Officer | 5 | $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 | $893,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $893,172 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $893,172 |
| 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. | $111,649 |
| Compensation of current officers, directors, key employees. | $3,217 |
| Compensation to disqualified persons | $294,024 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,049 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,486 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,541 |
| Insurance | $0 |
| All other expenses | $528 |
| Total functional expenses | $548,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499,599 |
| 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 | $4,126 |
| Net Land, buildings, and equipment | $36,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $540,620 |
| Accounts payable and accrued expenses | $602 |
| 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 | $5,800 |
| Total liabilities | $6,402 |
| Net assets without donor restrictions | $534,218 |
| 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 | $540,620 |