Civic Intelligence

The Elevation Foundation Inc

990 • Fiscal year 2021 • EIN 47-1809808

Jul 01, 2020 to Jun 30, 2021 • Filed on May 06, 2022

Organization ProfileTHEELEVATIONSCHOLARS.ORG
201 E Pine Street Suite 200Orlando, FL 32801

(407) 215-1350

Siviq Scores

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

Liabilities / Assets

69th percentile

0.14x

Higher debt load relative to assets than 69% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.07x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

53rd percentile

15%

Higher net margin than 53% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

74th percentile

$63,000

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

80th percentile

42%

Faster asset growth than 80% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

50%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$512,179

Up $150,940 (+42%) from 2020

Net Assets

Up

$440,687

Up $149,909 (+52%) from 2020

Liabilities

Up

$71,492

Up $1,031 (+1.5%) from 2020

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin53rd percentile

Revenue

Up

$972,043

Up $323,977 (+50%) from 2020

Expenses

Up

$830,609

Up $62,768 (+8.2%) from 2020

Net Income

Up

$141,434

Up $261,209 (+218%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$1.0M$500K$0Assets 2015: $281,545Liabilities 2015: $42,429Net Assets 2015: $239,1162015Assets 2016: $450,530Liabilities 2016: $77,029Net Assets 2016: $373,5012016Assets 2017: $807,019Liabilities 2017: $44,958Net Assets 2017: $762,0612017Assets 2018: $547,124Liabilities 2018: $8,597Net Assets 2018: $538,5272018Assets 2019: $410,769Liabilities 2019: $216Net Assets 2019: $410,5532019Assets 2020: $361,239Liabilities 2020: $70,461Net Assets 2020: $290,7782020Assets 2021: $512,179Liabilities 2021: $71,492Net Assets 2021: $440,6872021Assets 2022: $488,218Liabilities 2022: $321,363Net Assets 2022: $166,8552022Assets 2023: $309,428Liabilities 2023: $111,026Net Assets 2023: $198,4022023Assets 2024: $558,238Liabilities 2024: $128,329Net Assets 2024: $429,9092024

Highlighted filing

2021

Assets$512,179
Liabilities$71,492
Net Assets$440,687
Open 2021 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2015: $385,500Expenses 2015: $146,384Net Income 2015: $239,1162015Revenue 2016: $514,255Expenses 2016: $379,870Net Income 2016: $134,3852016Revenue 2017: $743,947Expenses 2017: $355,387Net Income 2017: $388,5602017Revenue 2018: $206,953Expenses 2018: $430,487Net Income 2018: -$223,5342018Revenue 2019: $550,132Expenses 2019: $590,106Net Income 2019: -$39,9742019Revenue 2020: $648,066Expenses 2020: $767,841Net Income 2020: -$119,7752020Revenue 2021: $972,043Expenses 2021: $830,609Net Income 2021: $141,4342021Revenue 2022: $1,003,250Expenses 2022: $1,242,756Net Income 2022: -$239,5062022Revenue 2023: $1,352,551Expenses 2023: $1,321,004Net Income 2023: $31,5472023Revenue 2024: $1,672,293Expenses 2024: $1,440,786Net Income 2024: $231,5072024

Highlighted filing

2021

Revenue$972,043
Expenses$830,609
Net Income$141,434
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 6, 2022
Return Version
2020v4.2
Gross Receipts
$972,043
Mission and Program Overview

Mission

We invest in high-need, high-achieving students who have demonstrated community impact, helping them to and through the nation's most competitive colleges and universities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$357,321$456,369▲ $99,048
Pledges and Grants Receivable-$44,000-
Prepaid Expenses and Deferred Charges-$6,337-
Land, Buildings, and Equipment, Net$3,918$5,473▲ $1,555
Total Assets$361,239$512,179▲ $150,940
Liabilities
Accounts Payable and Accrued Expenses$70,461$71,492▲ $1,031
Total Liabilities$70,461$71,492▲ $1,031
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$290,778$440,687▲ $149,909
Total Net Assets Fund Balance$290,778$440,687▲ $149,909
Total Liabilities and Net Assets / Fund Balance$361,239$512,179▲ $150,940

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,473$4,025$9,498
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Scott LeePresidentPT$63,000$63,000

Board Members and Trustees

NameTitle
Desiree AllisonDirector
Jeff ShaferDirector
Paul MorganDirector
Roderick MorssDirector
Steve OroszDirector
William PratherDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$972,043
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$899,869
Change in Net Assets
$141,434

Audited Revenue Reconciliation

Revenue per Audited Statements
$972,043
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$972,043
Total Revenue per Form 990
$972,043
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$378,724
Grants and Similar Amounts Paid$271,091
Other Expenses$180,794
Total Fundraising Expense$3,333
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$273,838$104,886-$378,724
Grants to Domestic Individuals$271,091--$271,091
Occupancy-$72,999-$72,999
Conferences and Meetings$66,221--$66,221
Fees for Services Accounting-$24,315-$24,315
Travel-$7,289-$7,289
Depreciation Depletion-$1,695$3,333$5,028
Office Expenses-$2,721-$2,721
Other Expenses-$806-$806
Insurance-$446-$446
Total Functional Expenses$611,150$216,126$3,333$830,609

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$830,609
Total Expenses per Audited Statements$830,609
Total Expenses per Form 990$830,609
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The board reviews form 990 before it is filed.”

Form 990, Part VI, Section B, Line 12C

“The board is aware of the general employment & business connections of its members. The board screens these connections prior to admission to ensure the absence of any actual or apparent conflicts of interest. Annually the board members are required to disclose any interests in businesses with which the charity has current or prospective business dealings. Prior to undertaking any business action, the entire board determines if there are any conflicts arising from those interests. If the board determines a conflict exists then the conflicted member is barred from participating in deliberations, decisions and/or actions on the matter.”

Form 990, Part VI, Section B, Line 15

“15a compensation is based on the boards recommendation from a review of peer organizations to determine it to be reasonable and not excessive. 15b compensation is determine by the ceo based off an evaluation by an outside professionals research in each staff category”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation is available upon request.”

Filing and Contact Details

Filer

Filer Name
Elevation Scholars Inc
EIN
47-1809808
Phone
4072151350
Address
201 E PINE STREET SUITE 200, ORLANDO, FL 32801

Signing Officer

Name
Scott Lee
Title
President
Phone
4072151350
Signed
2022-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Lee
Formed
2014
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
80

Preparer

Firm
Mcdirmit Davis LLC
Address
934 N MAGNOLIA AVE, ORLANDO, FL 32803
Preparer
Maria Novotny CPA
Phone
4078435406
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD IS AWARE OF THE GENERAL EMPLOYMENT & BUSINESS CONNECTIONS OF ITS MEMBERS. THE BOARD SCREENS THESE CONNECTIONS PRIOR TO ADMISSION TO ENSURE THE ABSENCE OF ANY ACTUAL OR APPARENT CONFLICTS OF INTEREST. ANNUALLY THE BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY INTERESTS IN BUSINESSES WITH WHICH THE CHARITY HAS CURRENT OR PROSPECTIVE BUSINESS DEALINGS. PRIOR TO UNDERTAKING ANY BUSINESS ACTION, THE ENTIRE BOARD DETERMINES IF THERE ARE ANY CONFLICTS ARISING FROM THOSE INTERESTS. IF THE BOARD DETERMINES A CONFLICT EXISTS THEN THE CONFLICTED MEMBER IS BARRED FROM PARTICIPATING IN DELIBERATIONS, DECISIONS AND/OR ACTIONS ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt215A COMPENSATION IS BASED ON THE BOARDS RECOMMENDATION FROM A REVIEW OF PEER ORGANIZATIONS TO DETERMINE IT TO BE REASONABLE AND NOT EXCESSIVE. 15B COMPENSATION IS DETERMINE BY THE CEO BASED OFF AN EVALUATION BY AN OUTSIDE PROFESSIONALS RESEARCH IN EACH STAFF CATEGORY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0361239
IRS990/TotalAssetsEOYAmt0512179
IRS990/TotalAssetsGrp/BOYAmt0361239
IRS990/TotalAssetsGrp/EOYAmt0512179
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0972043
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03333
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0216126
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0611150
IRS990/TotalFunctionalExpensesGrp/TotalAmt0830609
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt070461
IRS990/TotalLiabilitiesEOYAmt071492
IRS990/TotalLiabilitiesGrp/BOYAmt070461
IRS990/TotalLiabilitiesGrp/EOYAmt071492
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0290778
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0440687
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0611150
IRS990/TotalReportableCompFromOrgAmt063000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0972043
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt080
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0361239
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0512179
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt07289
IRS990/TravelGrp/TotalAmt07289
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0201 E PINE STREET SUITE 200
IRS990/USAddress/CityNm0ORLANDO
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032801
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0THEELEVATIONSCHOLARS.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04072151350
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELEVATION SCHOLARS INC
ReturnHeader/Filer/BusinessNameControlTxt0ELEV
ReturnHeader/Filer/EIN0471809808
ReturnHeader/Filer/PhoneNum04072151350
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 E PINE STREET SUITE 200
ReturnHeader/Filer/USAddress/CityNm0ORLANDO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032801
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260004117
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCDIRMIT DAVIS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0934 N MAGNOLIA AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ORLANDO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032803
ReturnHeader/PreparerPersonGrp/PhoneNum04078435406
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIA NOVOTNY CPA
ReturnHeader/ReturnTs02022-05-11T09:27:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEE
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$512,179
Liabilities
$71,492
Net assets
$440,687
Revenue
$972,043
Expenses
$830,609
Net income
$141,434
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.56$0.13$0.43$1.67$1.44$0.23
2023Detailed filing. Detailed filing data is available for this year.$0.31$0.11$0.20$1.35$1.32$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.49$0.32$0.17$1.00$1.24$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.51$0.07$0.44$0.97$0.83$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.07$0.29$0.65$0.77$0.12
2019Summary only. Only limited summary data is available for this year.$0.41$0.00$0.41$0.55$0.59$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.01$0.54$0.21$0.43$0.22
2017Detailed filing. Detailed filing data is available for this year.$0.81$0.04$0.76$0.74$0.36$0.39
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.08$0.37$0.51$0.38$0.13
2015Summary only. Only limited summary data is available for this year.$0.28$0.04$0.24$0.39$0.15$0.24