Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
7.74x
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
34th percentile
Higher net margin than 34% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
84th percentile
Faster asset growth than 84% of similar nonprofits.
Revenue Growth
58th percentile
Faster revenue growth than 58% of similar nonprofits.
Balance Sheet
Assets
Up$9,553
Up $3,111 (+48%) from 2016
Net Assets
-$64,354
No earlier filing loaded for comparison.
Liabilities
Up$73,907
Up $6,424 (+9.5%) from 2016
Revenue And Expenses
Revenue
Up$121,513
Up $7,077 (+6.2%) from 2016
Expenses
Down$124,826
Down $3,888 (-3.0%) from 2016
Net Income
Up-$3,313
Up $10,965 (+77%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- Dec 3, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $121,513
Mission and Program Overview
Mission
To provide training and performance opportunities to the youth of central florida in singing,dancing and acting.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| 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
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| AL RITCHIE | President | - | $0 | - | - |
| CHERYL RITCHIE | VP/Exec Director | FT | $0 | - | - |
| DANIEL JAMES | Sect/Treas | - | $0 | - | - |
| RAYFORD DAVE LYNN | Director | - | $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
- 2018-12-03
- 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: 1,325. Description: other expenses. Amount: 33,729. Total to form 990-ez, line 14: 35,054.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: program services. Amount: 46,682. Description: advertising. Amount: 3,391. Description: bank and merchant fees. Amount: 3,615. Description: insurance. Amount: 692. Description: office expense. Amount: 2,645. Description: telephone & communication. Amount: 2,569. Description: computer and internet expense. Amount: 1,636. Description: other. Amount: 522. Total to form 990-ez, line 16: 61,752.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: other depreciable assets. Beg. Of year amount: 4,661. End of year amount: 3,480.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: other. Beg. Of year amount: 67,483. End of year amount: 0. Description: accounts payable. Beg. Of year amount: 0. End of year amount: 545. Description: payable to member. Beg. Of year amount: 0. End of year amount: 73,362.”
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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|---|---|---|
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| IRS990EZ/AddressChangeInd | 0 | X |
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| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LONGWOOD |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | FL |
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| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 9553 |
| IRS990EZ/GrossReceiptsAmt | 0 | 121513 |
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| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 1 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | RAYFORD DAVE LYNN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VP/EXEC DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECT/TREAS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 4661 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 3480 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 61752 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE TRAINING AND PERFORMANCE OPPORTUNITIES TO THE YOUTH OF CENTRAL FLORIDA IN SINGING,DANCING AND ACTING. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 121513 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | ELEVATE STUDIOS HAS SERVED THROUGH LESSONS, CLASSES, PRIVATE LESSONS, CAMPS AND PERFORMANCE OPPORTUNITIES APPROXIMATELY 100 YOUTH PER YEAR. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 67483 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 73907 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 124826 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 121513 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | ELEVATESTUDIOS.ORG |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 121513 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 114436 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 105961 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 48041 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 46483 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 436434 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 436434 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 121513 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 114436 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 105961 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 48041 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 46483 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 436434 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 121513 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 114436 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 105961 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 48041 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 46483 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 436434 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 73362 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | 1 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | OPERATING LOAN |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 64862 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | AL RITCHIE |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | BOARD PRESIDENT |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | 0 |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 73362 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: DEPRECIATION. AMOUNT: 1,325. DESCRIPTION: OTHER EXPENSES. AMOUNT: 33,729. TOTAL TO FORM 990-EZ, LINE 14: 35,054. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: PROGRAM SERVICES. AMOUNT: 46,682. DESCRIPTION: ADVERTISING. AMOUNT: 3,391. DESCRIPTION: BANK AND MERCHANT FEES. AMOUNT: 3,615. DESCRIPTION: INSURANCE. AMOUNT: 692. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 2,645. DESCRIPTION: TELEPHONE & COMMUNICATION. AMOUNT: 2,569. DESCRIPTION: COMPUTER AND INTERNET EXPENSE. AMOUNT: 1,636. DESCRIPTION: OTHER. AMOUNT: 522. TOTAL TO FORM 990-EZ, LINE 16: 61,752. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 4,661. END OF YEAR AMOUNT: 3,480. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: OTHER. BEG. OF YEAR AMOUNT: 67,483. END OF YEAR AMOUNT: 0. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 545. DESCRIPTION: PAYABLE TO MEMBER. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 73,362. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE 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. |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHERYL RITCHIE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | VP/EXEC DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4073330021 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-12-03 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | ELEVATE STUDIOS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ELEV |
| ReturnHeader/Filer/EIN | 0 | 455246542 |
| ReturnHeader/Filer/PhoneNum | 0 | 4073330021 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 3009 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | EUSTIS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 32727 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | AEF0F3E2465287EC63BC6D00D1C511AF6DC4D713 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | A1186037F25FAA286860E39302BC6B2C25DC0B6E |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 24.227.33.34 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-12-03 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ES |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 09:52:08 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 261472386 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SCHAFER TSCHOPP ET AL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 541 S ORLANDO AVE STE 300 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MAITLAND |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 32751 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4078393330 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-12-03 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MICHAEL R SCHAFER |
| ReturnHeader/ReturnTs | 0 | 2018-12-07T08:20:40-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $9,553
- Liabilities
- $73,907
- Net assets
- -$64,354
- Revenue
- $121,513
- Expenses
- $124,826
- Net income
- -$3,313