Civic Intelligence

The Elevated Studio Inc.

990 • Fiscal year 2021 • EIN 47-2702408

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 12, 2023

369 Main Street Room 1121Beacon, NY 12508

(646) 759-7513

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.69x

Higher debt load relative to assets than 93% of similar nonprofits.

2021 filings • NTEE M • <$500k nonprofits • Source year 2021

Liabilities / Revenue

74th percentile

0.13x

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

2021 filings • NTEE M • <$500k nonprofits • Source year 2021

Net Margin

30th percentile

-1.1%

Higher net margin than 30% of similar nonprofits.

2021 filings • NTEE M • <$500k nonprofits • Source year 2021

Top Officer Pay

97th percentile

$31,046

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 48.1% of source-year revenue.

2021 filings • NTEE M • <$500k nonprofits • Source year 2021

Asset Growth

55th percentile

6.3%

Faster asset growth than 55% of similar nonprofits.

2021 filings • NTEE M • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

8th percentile

-47%

Faster revenue growth than 8% of similar nonprofits.

2021 filings • NTEE M • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$12,000

Up $716 (+6.3%) from 2020

Net Assets

Down

$3,759

Down $736 (-16%) from 2020

Liabilities

Up

$8,241

Up $1,452 (+21%) from 2020

Revenue

Down

$64,593

Down $58,149 (-47%) from 2020

Expenses

Down

$65,329

Down $47,832 (-42%) from 2020

Net Income

Down

-$736

Down $10,317 (-108%) from 2020

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2015: $32,800Liabilities 2015: $20,614Net Assets 2015: $12,1862015Assets 2016: $114,088Liabilities 2016: $109,003Net Assets 2016: $5,0852016Assets 2017: $76,958Liabilities 2017: $117,281Net Assets 2017: -$40,3232017Assets 2018: $55,786Liabilities 2018: $43,582Net Assets 2018: $12,2042018Assets 2019: $21,075Liabilities 2019: $26,161Net Assets 2019: -$5,0862019Assets 2020: $11,284Liabilities 2020: $6,789Net Assets 2020: $4,4952020Assets 2021: $12,000Liabilities 2021: $8,241Net Assets 2021: $3,7592021Assets 2022: $12,000Liabilities 2022: $8,241Net Assets 2022: $3,7592022Assets 2023: $12,000Liabilities 2023: $8,241Net Assets 2023: $3,7592023

Highlighted filing

2021

Assets$12,000
Liabilities$8,241
Net Assets$3,759

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $115,374Expenses 2015: $103,188Net Income 2015: $12,1862015Revenue 2016: $300,790Expenses 2016: $307,891Net Income 2016: -$7,1012016Revenue 2017: $585,707Expenses 2017: $619,377Net Income 2017: -$33,6702017Revenue 2018: $343,241Expenses 2018: $379,946Net Income 2018: -$36,7052018Revenue 2019: $184,109Expenses 2019: $201,399Net Income 2019: -$17,2902019Revenue 2020: $122,742Expenses 2020: $113,161Net Income 2020: $9,5812020Revenue 2021: $64,593Expenses 2021: $65,329Net Income 2021: -$7362021Revenue 2022: $106,304Expenses 2022: $118,114Net Income 2022: -$11,8102022Revenue 2023: $161,388Expenses 2023: $170,222Net Income 2023: -$8,8342023

Highlighted filing

2021

Revenue$64,593
Expenses$65,329
Net Income-$736
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 12, 2023
Return Version
2021v4.0
Gross Receipts
$64,593
Mission and Program Overview

Mission

By providing one-on-one design assistance to homeowners whose home has been lost to or destroyed by natural disasters; by providing gap-funding and grants to provide financial assistance to vulnerable population to allow them to rebuild their homes after they have been damaged by natural disasters.

By providing on-on-one design assistance to homeowners whose home has been lost or destroyed by an extreme weather event or natural disaster.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$0$11,775▲ $11,775
Loans From Officers Directors$2,599$2,213▼ $386
Savings and Temporary Cash Investments$0--
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Prepaid Expenses and Deferred Charges$0--
Cash and Non-Interest-Bearing Accounts$10,134$-925▼ $11,059
Total Assets$11,284$12,000▲ $716
Other Assets Total$1,150$1,150→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,190$6,028▲ $1,838
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Deferred Revenue$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$6,789$8,241▲ $1,452
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,495$3,759▼ $736
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$4,495$3,759▼ $736
Total Liabilities and Net Assets / Fund Balance$11,284$12,000▲ $716

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,150--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brian BaerExecutive Director/PresidentFT$31,046$31,046

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$64,593
Change in Net Assets
$-736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$41,461
Other Expenses$23,868
Total Fundraising Expense$5,385
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$13,973$13,973$3,100$31,046
Insurance$4,750$2,450$419$7,619
Payroll Taxes$3,172$3,172$705$7,049
Office Expenses$2,622$2,210$0$4,832
Information Technology$2,450$1,050$386$3,886
Other Salaries and Wages$2,366$1,000$0$3,366
Travel$2,556$144$138$2,838
Other Expenses$2,100$0$637$2,737
Conferences and Meetings$634$634$0$1,268
All Other Expenses$688$0$0$688
Total Functional Expenses$35,311$24,633$5,385$65,329
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$2,599$2,213▼ $386
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
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 A, Line 8A

The organization does not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section A, Line 8B

The prepared form 990 is reviewed and approved by the executive director/president before the return is filed with the IRS

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

The prepared form 990 is reviewed and approved by the executive director/president before the return is filed with the IRS.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Elevated Studio
EIN
47-2702408
Phone
6467597513
Address
369 Main Street Room 1121, Beacon, NY 12508

Signing Officer

Name
Brian Baer
Title
President
Phone
6467597513
Signed
2023-02-12

Organization Details

Principal Officer
Brian Baer
Formed
2015
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
6
Employees
1
Volunteers
6
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Our Mission: THE ELEVATED STUDIO PROMOTES SOCIAL EQUITY BY EXPANDING ACCESS TO SOCIALLY-RESPONSIBLE DESIGN THAT HELPS COMMUNITIES ACHIEVE ECONOMIC AND PHYSICAL RESILIENCE AND SUSTAINABILITY. Our Vision: We believe that every member of a community should have access to and benefit from socially-responsible design. We believe that social, economic, and physical resilience and sustainability are intertwined and within reach to all. We educate the property owner, and empower those directly affected to make wise and appropriate decisions towards their environment. We educate design and construction professionals, and empower those who are trained to lead a community towards excellence. We cooperate, communicate, coordinate, and collaborate with like-minded agencies, sharing ideas to create a larger network of professionals to support the communities that we work in. We engage government agencies, promoting the ideas generated by the residents and businesses of their jurisdiction that aim to implement the desires and needs of the community. Our goal is to renegotiate the relationship between residents and their neighborhood with the built and natural environment in a timeless way. We seek a solution that employs education and collaboration to elevate community after community to achieve equality.

Form 990, Part III, Line 1

We believe that every member of a community should have access to and benefit from socially-responsible design. We believe that social, economic, and physical resilience and sustainability are intertwined and within reach to all. We educate the property owner, and empower those directly affected to make wise and appropriate decisions towards their environment. We educate design and construction professionals, and empower those who are trained to lead a community towards excellence. We cooperate, communicate, coordinate, and collaborate with like-minded agencies, sharing ideas to create a larger network of professionals to support the communities that we work in. We engage government agencies, promoting the ideas generated by the residents and businesses of their jurisdiction that aim to implement the desires and needs of the community. Our goal is to renegotiate the relationship between residents and their neighborhood with the built and natural environment in a timeless way. We seek a solution that employs education and collaboration to elevate community after community to achieve equality.

Form 990, Part III, Line 4A

After most disasters, there is a large disparity between those individuals who have financial means, and those that do not. Those that do, start and end their recovery quickly, typically within 18 months, post-event. These individuals tend to gain over $85,000 in wealth. The wealthy can quickly retain the services of an attorney, architect and contractor to expedite their recovery. This speed of recovery expands the socio-economic gap for affected populations. Conversely, those families that do not have the economic means to retain professional services, take 3-5 times as long, and lose approximately $20,000 in wealth. This gap is becoming wider and wider with each and every disaster. Especially when there is a repetitive loss in the county where the disaster occurs. This program empowers the disadvantaged property owners and occupants to not only better their own world, but the neighborhood and community that they reside in. The knowledge that they are armed with provides the individual with the ability to become their own ambassador and an advocate for their community, for environmental and resilience concerns at the grassroots level. From here, those residents who have attended our educational programs see a significant increase in how they look at their own impact on the environment, and how their actions impact the neighborhood they live in. REDC is the first phase of our recovery program for both individuals and communities. In this program, we provide Community Design Workshops, Rebuilding Assessments, Rebuilding Clinics, Educational Forums and Disaster Case Management. The Elevated Studio's aim is to bridge the gap between the social service and the reconstruction process by forging strong collaborations between long-term recovery groups, disaster case management professionals, and design professionals; setting the stage to provide a holistic and inclusive community and survivor-centric recovery. The REDC program is based on three important values: * Design Innovation * Enhancing Resilience * Strengthening Community Design Innovation: The REDC program draws on the applied creativity, inspiration and energy of our team to put together great teams and create great designs. While our events are hosted by us, we invite many recovery professionals to volunteer their time to give support and technical advice. Having many minds working on the same problem leads to innovative solutions. Enhancing Resilience: Resilience requires an understanding of a community and appropriate building methods and designs that will address future concerns in a comprehensive manner. REDC's home design options and community workshops demonstrate and engage residents in understanding how their home will be able to withstand future hazards, thereby enhancing long term livability. Strengthening Community: Too many communities are vulnerable to the effects of disasters due to inadequate safety measures in the built environment and a lack of technical understanding. We provide the training, technical expertise, and networks necessary for local architects to provide the leadership necessary to strengthen their communities.

Form 990, Part IX, Line 11G

Other fees: Total expenses: 55,530

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IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02366
IRS990/OtherSalariesAndWagesGrp/TotalAmt03366
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0705
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03172
IRS990/PayrollTaxesGrp/ProgramServicesAmt03172
IRS990/PayrollTaxesGrp/TotalAmt07049
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
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IRS990/PrincipalOfficerNm0Brian Baer
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt020215
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0105750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0362523
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt02213
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Start up
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt09469
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Brian Baer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Loans to and from interested persons: [A] Name of person: Brian Baer [B] Relationship with organization: Executive Director/President [C] Purpose of Loan: Start-up funding
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part II
IRS990ScheduleL/TotalBalanceDueAmt02213
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Our Mission: THE ELEVATED STUDIO PROMOTES SOCIAL EQUITY BY EXPANDING ACCESS TO SOCIALLY-RESPONSIBLE DESIGN THAT HELPS COMMUNITIES ACHIEVE ECONOMIC AND PHYSICAL RESILIENCE AND SUSTAINABILITY. Our Vision: We believe that every member of a community should have access to and benefit from socially-responsible design. We believe that social, economic, and physical resilience and sustainability are intertwined and within reach to all. We educate the property owner, and empower those directly affected to make wise and appropriate decisions towards their environment. We educate design and construction professionals, and empower those who are trained to lead a community towards excellence. We cooperate, communicate, coordinate, and collaborate with like-minded agencies, sharing ideas to create a larger network of professionals to support the communities that we work in. We engage government agencies, promoting the ideas generated by the residents and businesses of their jurisdiction that aim to implement the desires and needs of the community. Our goal is to renegotiate the relationship between residents and their neighborhood with the built and natural environment in a timeless way. We seek a solution that employs education and collaboration to elevate community after community to achieve equality.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1We believe that every member of a community should have access to and benefit from socially-responsible design. We believe that social, economic, and physical resilience and sustainability are intertwined and within reach to all. We educate the property owner, and empower those directly affected to make wise and appropriate decisions towards their environment. We educate design and construction professionals, and empower those who are trained to lead a community towards excellence. We cooperate, communicate, coordinate, and collaborate with like-minded agencies, sharing ideas to create a larger network of professionals to support the communities that we work in. We engage government agencies, promoting the ideas generated by the residents and businesses of their jurisdiction that aim to implement the desires and needs of the community. Our goal is to renegotiate the relationship between residents and their neighborhood with the built and natural environment in a timeless way. We seek a solution that employs education and collaboration to elevate community after community to achieve equality.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2After most disasters, there is a large disparity between those individuals who have financial means, and those that do not. Those that do, start and end their recovery quickly, typically within 18 months, post-event. These individuals tend to gain over $85,000 in wealth. The wealthy can quickly retain the services of an attorney, architect and contractor to expedite their recovery. This speed of recovery expands the socio-economic gap for affected populations. Conversely, those families that do not have the economic means to retain professional services, take 3-5 times as long, and lose approximately $20,000 in wealth. This gap is becoming wider and wider with each and every disaster. Especially when there is a repetitive loss in the county where the disaster occurs. This program empowers the disadvantaged property owners and occupants to not only better their own world, but the neighborhood and community that they reside in. The knowledge that they are armed with provides the individual with the ability to become their own ambassador and an advocate for their community, for environmental and resilience concerns at the grassroots level. From here, those residents who have attended our educational programs see a significant increase in how they look at their own impact on the environment, and how their actions impact the neighborhood they live in. REDC is the first phase of our recovery program for both individuals and communities. In this program, we provide Community Design Workshops, Rebuilding Assessments, Rebuilding Clinics, Educational Forums and Disaster Case Management. The Elevated Studio's aim is to bridge the gap between the social service and the reconstruction process by forging strong collaborations between long-term recovery groups, disaster case management professionals, and design professionals; setting the stage to provide a holistic and inclusive community and survivor-centric recovery. The REDC program is based on three important values: * Design Innovation * Enhancing Resilience * Strengthening Community Design Innovation: The REDC program draws on the applied creativity, inspiration and energy of our team to put together great teams and create great designs. While our events are hosted by us, we invite many recovery professionals to volunteer their time to give support and technical advice. Having many minds working on the same problem leads to innovative solutions. Enhancing Resilience: Resilience requires an understanding of a community and appropriate building methods and designs that will address future concerns in a comprehensive manner. REDC's home design options and community workshops demonstrate and engage residents in understanding how their home will be able to withstand future hazards, thereby enhancing long term livability. Strengthening Community: Too many communities are vulnerable to the effects of disasters due to inadequate safety measures in the built environment and a lack of technical understanding. We provide the training, technical expertise, and networks necessary for local architects to provide the leadership necessary to strengthen their communities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization does not have any committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The prepared form 990 is reviewed and approved by the executive director/president before the return is filed with the IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The prepared form 990 is reviewed and approved by the executive director/president before the return is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Other fees: Total expenses: 55,530
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part III, Line 4a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g
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