Civic Intelligence

Elevar Foundation Inc.

990EZ • Fiscal year 2018 • EIN 47-3853344

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 12, 2019

3601 North Military TrailBoca Raton, FL 33413

(561) 909-7261

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

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

Liabilities / Revenue

62nd percentile

0.01x

Higher debt load relative to revenue than 62% of similar nonprofits.

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

Net Margin

58th percentile

6.8%

Higher net margin than 58% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$49,852

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 41.2% of source-year revenue.

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

Asset Growth

92nd percentile

114%

Faster asset growth than 92% of similar nonprofits.

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

Revenue Growth

11th percentile

-45%

Faster revenue growth than 11% of similar nonprofits.

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

Assets

Up

$16,706

Up $8,891 (+114%) from 2017

Net Assets

Up

$15,882

Up $8,216 (+107%) from 2017

Liabilities

Up

$824

Up $675 (+453%) from 2017

Revenue

Down

$121,124

Down $97,943 (-45%) from 2017

Expenses

Down

$112,908

Down $116,766 (-51%) from 2017

Net Income

Up

$8,216

Up $18,823 (+177%) from 2017

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2016: $22,720Liabilities 2016: $4,447Net Assets 2016: $18,2732016Assets 2017: $7,815Liabilities 2017: $149Net Assets 2017: $7,6662017Assets 2018: $16,706Liabilities 2018: $824Net Assets 2018: $15,8822018Assets 2019: $22,767Liabilities 2019: $3,816Net Assets 2019: $18,9512019Assets 2020: $44,418Liabilities 2020: $429Net Assets 2020: $43,9892020Assets 2021: $15,823Liabilities 2021: $5Net Assets 2021: $15,8182021Assets 2022: $151,831Liabilities 2022: $0Net Assets 2022: $151,8312022Assets 2023: $10,789Liabilities 2023: $643Net Assets 2023: $10,1462023Assets 2024: $5,766Liabilities 2024: $0Net Assets 2024: $5,7662024

Highlighted filing

2018

Assets$16,706
Liabilities$824
Net Assets$15,882

Operations Trend

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

$400K$200K$0-$200KRevenue 2016: $106,120Expenses 2016: $92,597Net Income 2016: $13,5232016Revenue 2017: $219,067Expenses 2017: $229,674Net Income 2017: -$10,6072017Revenue 2018: $121,124Expenses 2018: $112,908Net Income 2018: $8,2162018Revenue 2019: $152,127Expenses 2019: $149,058Net Income 2019: $3,0692019Revenue 2020: $282,436Expenses 2020: $319,306Net Income 2020: -$36,8702020Revenue 2021: $57,163Expenses 2021: $85,317Net Income 2021: -$28,1542021Revenue 2022: $259,297Expenses 2022: $123,284Net Income 2022: $136,0132022Revenue 2023: $223,197Expenses 2023: $364,869Net Income 2023: -$141,6722023Revenue 2024: $155,592Expenses 2024: $159,988Net Income 2024: -$4,3962024

Highlighted filing

2018

Revenue$121,124
Expenses$112,908
Net Income$8,216
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 12, 2019
Return Version
2018v3.1
Gross Receipts
$121,124
Mission and Program Overview

Mission

To provide educational programs that focus on the transformation of lives through music with a focus on making music accessible to all people without regard to their socioeconomic status. Through providing free or low-cost opportunities for the young and underserved population in communities, such as masterclasses, performances, workshops and information sessions, elevar is able to advance education and promote classical music to all segments of society. Through partnering with for-profit entities, the foundation matches under-privileged youth with the needed resources to pursue music and enhance their quality of life. Elevar, through one of its most active programs, the elmar oliveira international violin competition, mentors young violinists, ages 16-32, to be citizen artists and actively engage with the communities they live in and serve.

Purpose: the specific and exclusive charitable purpose for which this corporation is organized is to establish an international violin competition to promote violinists and encourage young violinists to pursue and refine their talent as performers.mission: to establish a world class violin competition in order to promote and provide awareness of the talented violinist from around the world and the opportunities for the young violinist to pursue their love of performing.

Program Services

DescriptionGrantsExpenses
SINCE IT'S INAUGURAL COMPETITION IN 2017, THE ELMAR OLIVEIRA INTERNATIONAL VIOLIN COMPETITION HAS SUPPORTED AND NURTURED ITS FIRST-PRIZE WINNER THROUGH CONTRACTED CONCERT ENGAGEMENTS THROUGHOUT THE UNITED STATES; CREATED AND MANAGED HER WEBSITE; ACTED AS HER LIAISON WITH THE MEDIA; AND ARRANGED MORE THAN 10 COMMUNITY ENGAGEMENT OPPORTUNITIES IN 2018. IN ADDITION, THE ELMAR OLIVEIRA INTERNATIONAL VIOLIN COMPETITION CONTINUES TO PREPARE FOR THE NEXT COMPETITION IN 2020 AND BUILD RELATIONSHIPS IN THE COMMUNITY.$0$52,033
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JILL ARBETTERExecutive DirectorFT$48,400$1,452$49,852
ELMAR OLIVEIRAPresident/DirectorPT$0--
SANDRA ROBBINSVice President/DirectorPT$0--
DANIEL J PROBSTTreasurerPT$0--
DR JON ROBERTSONSecretaryPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Facebook Campaign$1,689$1,689-$1,689
Total Events$1,689$1,689-$1,689
Filing and Contact Details

Filer

Filer Name
The Elmar Oliveira International Violin
EIN
47-3853344
Phone
5619097261
Address
3601 NORTH MILITARY TRAIL, BOCA RATON, FL 33413

Signing Officer

Name
Elmar Oliveira
Title
Officer
Phone
5619097261
Signed
2019-08-12
Discuss with paid preparer
Yes

Preparer

Firm
Kwm Cpas Llp
Address
100 JERICHO QUADRANGLE - STE 220, JERICHO, NY 11753
Preparer
Christopher Farrell
Phone
5163336100
Supplemental Narrative

Additional Explanations

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

Description: meals. Amount: 3,587. Description: office supplies. Amount: 1,006. Description: dues & subscriptions. Amount: 570. Description: payroll taxes. Amount: 4,439. Description: data processing. Amount: 1,923. Description: computer & internet fees. Amount: 1,466. Description: telephone exp. Amount: 1,477. Description: bank charges. Amount: 933. Description: insurance. Amount: 5,108. Description: advertising & promotion. Amount: 4,368. Description: travel. Amount: 10,226. Description: postage and delivery. Amount: 1,366. Description: taxes. Amount: 35. Description: filing fees. Amount: 61. Total to form 990-ez, line 16: 36,565.

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

Description: credit card payable. Beg. Of year amount: 149. End of year amount: 824.

Raw XML Appendix175 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT/DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
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IRS990EZ/PrimaryExemptPurposeTxt0PURPOSE: THE SPECIFIC AND EXCLUSIVE CHARITABLE PURPOSE FOR WHICH THIS CORPORATION IS ORGANIZED IS TO ESTABLISH AN INTERNATIONAL VIOLIN COMPETITION TO PROMOTE VIOLINISTS AND ENCOURAGE YOUNG VIOLINISTS TO PURSUE AND REFINE THEIR TALENT AS PERFORMERS.MISSION: TO ESTABLISH A WORLD CLASS VIOLIN COMPETITION IN ORDER TO PROMOTE AND PROVIDE AWARENESS OF THE TALENTED VIOLINIST FROM AROUND THE WORLD AND THE OPPORTUNITIES FOR THE YOUNG VIOLINIST TO PURSUE THEIR LOVE OF PERFORMING.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SINCE IT'S INAUGURAL COMPETITION IN 2017, THE ELMAR OLIVEIRA INTERNATIONAL VIOLIN COMPETITION HAS SUPPORTED AND NURTURED ITS FIRST-PRIZE WINNER THROUGH CONTRACTED CONCERT ENGAGEMENTS THROUGHOUT THE UNITED STATES; CREATED AND MANAGED HER WEBSITE; ACTED AS HER LIAISON WITH THE MEDIA; AND ARRANGED MORE THAN 10 COMMUNITY ENGAGEMENT OPPORTUNITIES IN 2018. IN ADDITION, THE ELMAR OLIVEIRA INTERNATIONAL VIOLIN COMPETITION CONTINUES TO PREPARE FOR THE NEXT COMPETITION IN 2020 AND BUILD RELATIONSHIPS IN THE COMMUNITY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: MEALS. AMOUNT: 3,587. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 1,006. DESCRIPTION: DUES & SUBSCRIPTIONS. AMOUNT: 570. DESCRIPTION: PAYROLL TAXES. AMOUNT: 4,439. DESCRIPTION: DATA PROCESSING. AMOUNT: 1,923. DESCRIPTION: COMPUTER & INTERNET FEES. AMOUNT: 1,466. DESCRIPTION: TELEPHONE EXP. AMOUNT: 1,477. DESCRIPTION: BANK CHARGES. AMOUNT: 933. DESCRIPTION: INSURANCE. AMOUNT: 5,108. DESCRIPTION: ADVERTISING & PROMOTION. AMOUNT: 4,368. DESCRIPTION: TRAVEL. AMOUNT: 10,226. DESCRIPTION: POSTAGE AND DELIVERY. AMOUNT: 1,366. DESCRIPTION: TAXES. AMOUNT: 35. DESCRIPTION: FILING FEES. AMOUNT: 61. TOTAL TO FORM 990-EZ, LINE 16: 36,565.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: CREDIT CARD PAYABLE. BEG. OF YEAR AMOUNT: 149. END OF YEAR AMOUNT: 824.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 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/PersonNm0ELMAR OLIVEIRA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum05619097261
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE ELMAR OLIVEIRA INTERNATIONAL VIOLIN
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMPETITION INC
ReturnHeader/Filer/BusinessNameControlTxt0ELMA
ReturnHeader/Filer/EIN0473853344
ReturnHeader/Filer/PhoneNum05619097261
ReturnHeader/Filer/USAddress/AddressLine1Txt03601 NORTH MILITARY TRAIL
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ReturnHeader/FilingSecurityInformation/IPTm012:31:02
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER FARRELL
ReturnHeader/ReturnTs02019-09-03T08:33:08-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings