Civic Intelligence

Elevate Studios Inc

990EZ • Fiscal year 2018 • EIN 45-5246542

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 25, 2019

PO Box 3009Eustis, FL 32727

(407) 333-0021

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

8.50x

Higher debt load relative to assets than 99% of similar nonprofits.

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

Liabilities / Revenue

92nd percentile

0.48x

Higher debt load relative to revenue than 92% of similar nonprofits.

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

Net Margin

29th percentile

-5.7%

Higher net margin than 29% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

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

Asset Growth

54th percentile

3.8%

Faster asset growth than 54% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

84th percentile

43%

Faster revenue growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$9,918

Up $365 (+3.8%) from 2017

Net Assets

Down

-$74,343

Down $9,989 (-16%) from 2017

Liabilities

Up

$84,261

Up $10,354 (+14%) from 2017

Revenue

Up

$174,058

Up $52,545 (+43%) from 2017

Expenses

Up

$184,047

Up $59,221 (+47%) from 2017

Net Income

Down

-$9,989

Down $6,676 (-202%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2018

Assets$9,918
Liabilities$84,261
Net Assets-$74,343

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$174,058
Expenses$184,047
Net Income-$9,989
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 25, 2019
Return Version
2018v3.1
Gross Receipts
$174,058
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
2019-10-25
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: 1,352. Description: other expenses. Amount: 37,296. Total to form 990-ez, line 14: 38,648.

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

Description: program services. Amount: 115,678. Description: advertising. Amount: 7,295. Description: bank and merchant fees. Amount: 5,207. Description: insurance. Amount: 737. Description: office expense. Amount: 1,433. Description: telephone & communication. Amount: 997. Description: computer and internet expense. Amount: 2,270. Description: other. Amount: 3,838. Description: meals and entertainment. Amount: 1,567. Description: vending. Amount: 526. Description: video and sound equipment. Amount: 1,525. Description: camp supplies. Amount: 880. Description: uniforms/costumes. Amount: 1,097. Description: travel. Amount: 1,899. Total to form 990-ez, line 16: 144,949.

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

Description: other depreciable assets. Beg. Of year amount: 3,480. End of year amount: 2,128.

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

Description: accounts payable. Beg. Of year amount: 545. End of year amount: 4. Description: payable to member. Beg. Of year amount: 73,362. End of year amount: 84,257.

Raw XML Appendix177 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum04073330021
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0300 SAINT LAURENT STREET STE 152
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LONGWOOD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd032750
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt06073
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IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
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IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd01
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-64354
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-74343
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-64354
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-74343
IRS990EZ/OccupancyRentUtltsAndMaintAmt038648
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt140.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0AL RITCHIE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHERYL RITCHIE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DANIEL JAMES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3RAYFORD DAVE LYNN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VP/EXEC DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECT/TREAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt03480
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02128
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0144949
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE TRAINING AND PERFORMANCE OPPORTUNITIES TO THE YOUTH OF CENTRAL FLORIDA IN SINGING,DANCING AND ACTING.
IRS990EZ/ProgramServiceRevenueAmt0171244
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ELEVATE STUDIOS HAS SERVED THROUGH LESSONS, CLASSES, PRIVATE LESSONS, CAMPS AND PERFORMANCE OPPORTUNITIES APPROXIMATELY 100 YOUTH PER YEAR.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt073907
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt084261
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0184047
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0174058
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0ELEVATESTUDIOS.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02814
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02814
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0171244
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0121513
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0114436
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0105961
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt048041
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0561195
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0174058
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0121513
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0114436
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0105961
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt048041
IRS990ScheduleA/Total509Grp/TotalAmt0564009
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0174058
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0121513
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0105961
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt048041
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0564009
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt084257
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATING LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt064862
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0AL RITCHIE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt084257
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: DEPRECIATION. AMOUNT: 1,352. DESCRIPTION: OTHER EXPENSES. AMOUNT: 37,296. TOTAL TO FORM 990-EZ, LINE 14: 38,648.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: PROGRAM SERVICES. AMOUNT: 115,678. DESCRIPTION: ADVERTISING. AMOUNT: 7,295. DESCRIPTION: BANK AND MERCHANT FEES. AMOUNT: 5,207. DESCRIPTION: INSURANCE. AMOUNT: 737. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 1,433. DESCRIPTION: TELEPHONE & COMMUNICATION. AMOUNT: 997. DESCRIPTION: COMPUTER AND INTERNET EXPENSE. AMOUNT: 2,270. DESCRIPTION: OTHER. AMOUNT: 3,838. DESCRIPTION: MEALS AND ENTERTAINMENT. AMOUNT: 1,567. DESCRIPTION: VENDING. AMOUNT: 526. DESCRIPTION: VIDEO AND SOUND EQUIPMENT. AMOUNT: 1,525. DESCRIPTION: CAMP SUPPLIES. AMOUNT: 880. DESCRIPTION: UNIFORMS/COSTUMES. AMOUNT: 1,097. DESCRIPTION: TRAVEL. AMOUNT: 1,899. TOTAL TO FORM 990-EZ, LINE 16: 144,949.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 3,480. END OF YEAR AMOUNT: 2,128.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 545. END OF YEAR AMOUNT: 4. DESCRIPTION: PAYABLE TO MEMBER. BEG. OF YEAR AMOUNT: 73,362. END OF YEAR AMOUNT: 84,257.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHERYL RITCHIE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP/EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04073330021
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELEVATE STUDIOS INC
ReturnHeader/Filer/BusinessNameControlTxt0ELEV
ReturnHeader/Filer/EIN0455246542
ReturnHeader/Filer/PhoneNum04073330021
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3009
ReturnHeader/Filer/USAddress/CityNm0EUSTIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032727
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId042A75CFE47E2B9C575E0AF9AC9481A170434F1AC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId097733BC4E8B9C37E61ED004F3829F63564E3BF58
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt045.3.129.67
ReturnHeader/FilingSecurityInformation/IPDt02019-10-25
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm010:40:19
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261472386
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHAFER TSCHOPP ET AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0541 S ORLANDO AVE STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAITLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032751
ReturnHeader/PreparerPersonGrp/PhoneNum04078393330
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL R SCHAFER
ReturnHeader/ReturnTs02019-10-31T13:32:03-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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