Civic Intelligence

Elevate Studios Inc

EIN 45-5246542 • 501(c)3 • Eustis, FL

Profile

To provide training and performance opportunities to the youth of central florida in singing,dancing and acting.

PO Box 3009Eustis, FL 32727

elevatestudios.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

122.14x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

0.80x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

32nd percentile

-8.2%

Higher net margin than 32% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

11th percentile

-89%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-38%

Faster revenue growth than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$789

Down $6,122 (-89%) from 2019

Liabilities

Up

$96,370

Up $3,778 (+4.1%) from 2019

Net Assets

Down

-$95,581

Down $9,900 (-12%) from 2019

Revenue

Down

$120,421

Down $74,093 (-38%) from 2019

Expenses

Down

$130,321

Down $75,531 (-37%) from 2019

Net Income

Up

-$9,900

Up $1,438 (+13%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0-$50K-$100KAssets 2016: $6,442Liabilities 2016: $67,4832016Assets 2017: $9,553Liabilities 2017: $73,907Net Assets 2017: -$64,3542017Assets 2018: $9,918Liabilities 2018: $84,261Net Assets 2018: -$74,3432018Assets 2019: $6,911Liabilities 2019: $92,592Net Assets 2019: -$85,6812019Assets 2020: $789Liabilities 2020: $96,370Net Assets 2020: -$95,5812020

Highlighted filing

2020

Assets$789
Liabilities$96,370
Net Assets-$95,581

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2016: $114,436Expenses 2016: $128,714Net Income 2016: -$14,2782016Revenue 2017: $121,513Expenses 2017: $124,826Net Income 2017: -$3,3132017Revenue 2018: $174,058Expenses 2018: $184,047Net Income 2018: -$9,9892018Revenue 2019: $194,514Expenses 2019: $205,852Net Income 2019: -$11,3382019Revenue 2020: $120,421Expenses 2020: $130,321Net Income 2020: -$9,9002020

Highlighted filing

2020

Revenue$120,421
Expenses$130,321
Net Income-$9,900

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 11, 2022
Return Version
2020v4.2
Gross Receipts
$120,421
Mission and Program Overview

Mission

To provide training and performance opportunities to the youth of central florida in singing,dancing and acting.

Program Services

DescriptionGrantsExpenses
ELEVATE STUDIOS HAS SERVED THROUGH LESSONS, CLASSES, PRIVATE LESSONS, CAMPS AND PERFORMANCE OPPORTUNITIES APPROXIMATELY 100 YOUTH PER YEAR.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
AL RITCHIEPresident-$0--
CHERYL RITCHIEVP/Exec DirectorFT$0--
DANIEL JAMESSect/Treas-$0--
RAYFORD DAVE LYNNDirector-$0--
Filing and Contact Details

Filer

Filer Name
Elevate Studios Inc
EIN
45-5246542
Phone
4073330021
Address
PO BOX 3009, EUSTIS, FL 32727

Signing Officer

Name
Cheryl Ritchie
Title
VP/exec Director
Phone
4073330021
Signed
2022-02-11
Discuss with paid preparer
Yes

Preparer

Firm
Schafer Tschopp Et Al
Address
541 S ORLANDO AVE STE 300, MAITLAND, FL 32751
Preparer
Michael R Schafer
Phone
4078393330
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 706. Description: other expenses. Amount: 43,051. Total to form 990-ez, line 14: 43,757.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: program services. Amount: 70,319. Description: advertising. Amount: 310. Description: bank and merchant fees. Amount: 585. Description: insurance. Amount: 1,023. Description: office expense. Amount: 3,083. Description: refunds. Amount: 3,663. Description: computer and internet expense. Amount: 175. Description: subscriptions. Amount: 2,778. Description: meals and entertainment. Amount: 248. Description: travel. Amount: 137. Description: other business expenses. Amount: 3,468. Total to form 990-ez, line 16: 85,789.

Form 990-ez, Part II, Line 24 - Other Assets

Description: other depreciable assets. Beg. Of year amount: 776. End of year amount: 161.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 135. End of year amount: 135. Description: payable to member. Beg. Of year amount: 92,457. End of year amount: 96,235.

Raw XML Appendix174 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE TRAINING AND PERFORMANCE OPPORTUNITIES TO THE YOUTH OF CENTRAL FLORIDA IN SINGING,DANCING AND ACTING.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: DEPRECIATION. AMOUNT: 706. DESCRIPTION: OTHER EXPENSES. AMOUNT: 43,051. TOTAL TO FORM 990-EZ, LINE 14: 43,757.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 776. END OF YEAR AMOUNT: 161.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 135. END OF YEAR AMOUNT: 135. DESCRIPTION: PAYABLE TO MEMBER. BEG. OF YEAR AMOUNT: 92,457. END OF YEAR AMOUNT: 96,235.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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