Civic Intelligence

The Elevation Foundation Inc

990 • Fiscal year 2022 • EIN 47-1809808

Jul 01, 2021 to Jun 30, 2022 • Filed on May 09, 2023

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

89th percentile

0.66x

Higher debt load relative to assets than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.32x

Higher debt load relative to revenue than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

13th percentile

-24%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

59th percentile

$78,577

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

30th percentile

-4.7%

Faster asset growth than 30% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

46th percentile

3.2%

Faster revenue growth than 46% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$488,218

Down $23,961 (-4.7%) from 2021

Net Assets

Down

$166,855

Down $273,832 (-62%) from 2021

Liabilities

Up

$321,363

Up $249,871 (+350%) from 2021

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin13th percentile

Revenue

Up

$1,003,250

Up $31,207 (+3.2%) from 2021

Expenses

Up

$1,242,756

Up $412,147 (+50%) from 2021

Net Income

Down

-$239,506

Down $380,940 (-269%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth30th 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

2022

Assets$488,218
Liabilities$321,363
Net Assets$166,855
Open 2022 Filing

Operations Trend

Revenue Growth46th 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

2022

Revenue$1,003,250
Expenses$1,242,756
Net Income-$239,506
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 9, 2023
Return Version
2021v4.2
Gross Receipts
$1,003,250
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$456,369$249,398▼ $206,971
Pledges and Grants Receivable$44,000$229,212▲ $185,212
Land, Buildings, and Equipment, Net$5,473$7,463▲ $1,990
Prepaid Expenses and Deferred Charges$6,337$2,145▼ $4,192
Total Assets$512,179$488,218▼ $23,961
Liabilities
Deferred Revenue-$222,500-
Accounts Payable and Accrued Expenses$71,492$98,863▲ $27,371
Total Liabilities$71,492$321,363▲ $249,871
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$440,687$166,855▼ $273,832
Total Net Assets Fund Balance$440,687$166,855▼ $273,832
Total Liabilities and Net Assets / Fund Balance$512,179$488,218▼ $23,961

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,463$6,600$14,063
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Scott LeePresidentPT$78,577$78,577

Board Members and Trustees

NameTitle
Steve OroszChairman
Greg HarrisDirector
Kristen KingDirector
Mike AtchisonDirector
Roderick MorssDirector
Russ PratherDirector
Shani CuninghamDirector
Paul MorganDiirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,003,250
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,003,250
Change in Net Assets
$-239,506

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,003,250
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,003,250
Total Revenue per Form 990
$1,003,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$497,683
Other Expenses$485,170
Grants and Similar Amounts Paid$259,903
Total Fundraising Expense$54,983
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$420,881$43,009$33,793$497,683
Grants to Domestic Individuals$259,903--$259,903
Conferences and Meetings$113,149-$18,800$131,949
Travel$92,699$1,219$958$94,876
Occupancy-$67,417-$67,417
Advertising$31,927--$31,927
Fees for Services Accounting-$23,225-$23,225
Fees for Services Other-$12,794-$12,794
Insurance-$7,959-$7,959
Office Expenses$2,222$4,277$1,432$7,931
Depreciation Depletion-$2,575-$2,575
Other Expenses$103,103$1,414-$1,414
Total Functional Expenses$1,023,884$163,889$54,983$1,242,756

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,242,756
Total Expenses per Audited Statements$1,242,756
Total Expenses per Form 990$1,242,756
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
2023-05-09
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
12
Volunteers
110

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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt06600
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014063
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01242756
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01003250
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07463
IRS990ScheduleD/TotalExpensesPerForm990Amt01242756
IRS990ScheduleD/TotalRevenuePerForm990Amt01003250
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01003250
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01242756
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0259903
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANTS/SCHOLAR AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt089
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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/TotalAssetsBOYAmt0512179
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IRS990/TotalAssetsGrp/BOYAmt0512179
IRS990/TotalAssetsGrp/EOYAmt0488218
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01003250
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt054983
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0163889
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01023884
IRS990/TotalFunctionalExpensesGrp/TotalAmt01242756
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt071492
IRS990/TotalLiabilitiesEOYAmt0321363
IRS990/TotalLiabilitiesGrp/BOYAmt071492
IRS990/TotalLiabilitiesGrp/EOYAmt0321363
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01023884
IRS990/TotalReportableCompFromOrgAmt078577
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0110
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IRS990/TravelGrp/ManagementAndGeneralAmt01219
IRS990/TravelGrp/ProgramServicesAmt092699
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IRS990/UnrelatedBusIncmOverLimitInd00
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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/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04072151350
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELEVATION SCHOLARS INC
ReturnHeader/Filer/BusinessNameControlTxt0ELEV
ReturnHeader/Filer/EIN0471809808
ReturnHeader/Filer/PhoneNum04072151350
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ReturnHeader/Filer/USAddress/CityNm0ORLANDO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
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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/ReturnTs02023-05-10T12:32:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEE
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$488,218
Liabilities
$321,363
Net assets
$166,855
Revenue
$1,003,250
Expenses
$1,242,756
Net income
-$239,506
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