Civic Intelligence

Elevate Lives

990 • Fiscal year 2020 • EIN 81-4490605

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 03, 2022

2201 N Jefferson AveSpringfield, MO 65803

(719) 491-1535

Siviq Scores

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

Liabilities / Assets

84th percentile

0.58x

Higher debt load relative to assets than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.41x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

66th percentile

15%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

50th percentile

$60,826

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

90th percentile

76%

Faster asset growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

52%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$908,800

Up $392,958 (+76%) from 2019

Net Assets

Up

$384,564

Up $186,281 (+94%) from 2019

Liabilities

Up

$524,236

Up $206,677 (+65%) from 2019

Revenue

Up

$1,267,234

Up $435,298 (+52%) from 2019

Expenses

Up

$1,080,953

Up $186,544 (+21%) from 2019

Net Income

Up

$186,281

Up $248,754 (+398%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2018: $91,784Liabilities 2018: $38,848Net Assets 2018: $52,9362018Assets 2019: $515,842Liabilities 2019: $317,559Net Assets 2019: $198,2832019Assets 2020: $908,800Liabilities 2020: $524,236Net Assets 2020: $384,5642020Assets 2021: $2,169,326Liabilities 2021: $1,287,503Net Assets 2021: $881,8232021Assets 2022: $2,085,868Liabilities 2022: $995,216Net Assets 2022: $1,090,6522022Assets 2023: $2,813,256Liabilities 2023: $940,731Net Assets 2023: $1,872,5252023Assets 2024: $3,379,917Liabilities 2024: $902,257Net Assets 2024: $2,477,6602024

Highlighted filing

2020

Assets$908,800
Liabilities$524,236
Net Assets$384,564

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $419,668Expenses 2018: $429,248Net Income 2018: -$9,5802018Revenue 2019: $831,936Expenses 2019: $894,409Net Income 2019: -$62,4732019Revenue 2020: $1,267,234Expenses 2020: $1,080,953Net Income 2020: $186,2812020Revenue 2021: $1,211,284Expenses 2021: $714,025Net Income 2021: $497,2592021Revenue 2022: $1,112,540Expenses 2022: $903,711Net Income 2022: $208,8292022Revenue 2023: $1,046,214Expenses 2023: $264,341Net Income 2023: $781,8732023Revenue 2024: $764,315Expenses 2024: $159,180Net Income 2024: $605,1352024

Highlighted filing

2020

Revenue$1,267,234
Expenses$1,080,953
Net Income$186,281
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 3, 2022
Return Version
2020v4.0
Gross Receipts
$1,675,673
Mission and Program Overview

Mission

Elevate Lives ends poverty one family at a time. We lead the working poor to become thriving, contributing members of society through a faith-centered approach and transformation community.

To train and mobilize Christians, so they can improve the lives of families in impoverished neighborhoods. Provide food clothing, mobilizing of volunteers, housing and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$506,582$658,610▲ $152,028
Cash and Non-Interest-Bearing Accounts$9,243$26,190▲ $16,947
Investments in Publicly Traded Securities$17$0▼ $17
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$515,842$908,800▲ $392,958
Other Assets Total-$224,000-
Liabilities
Other Liabilities$317,559$524,236▲ $206,677
Total Liabilities$317,559$524,236▲ $206,677
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$198,283$384,564▲ $186,281
Total Net Assets Fund Balance$198,283$384,564▲ $186,281
Total Liabilities and Net Assets / Fund Balance$515,842$908,800▲ $392,958

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$435,627$26,885$462,512
Leasehold Improvements$210,479$1,499$211,978
Land$12,504-$12,504
Other Assets Org$224,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Russell D GosselinPresident & CEOFT$60,826$60,826

Board Members and Trustees

NameTitle
Dan PraterBoard Member
Kary KingslandBoard Member
Kevin RoseBoard Member
Russell D GosselinBoard Member
Sharon L GosselinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$999,183
Program Service Revenue
$0
Investment Income
$252,654
Other Revenue
$15,397
All Other Contributions
$999,183
Change in Net Assets
$186,281

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Clothing and Household Goods-$581,839
Other Non Cash Contri Table-$257,685
Real Estate Residential1$81,000
Food Inventory-$75,735
Total Noncash Contributions1$996,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,020,127
Salaries, Compensation, and Employee Benefits$60,826
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$30,413$30,413-$60,826
Interest-$19,316-$19,316
All Other Expenses$3,924$9,147-$13,071
Fees for Services Accounting-$11,700-$11,700
Insurance$6,311$2,104-$8,415
Other Expenses$4,289$4,766-$4,766
Travel$2,665--$2,665
Total Functional Expenses$1,002,077$78,876$0$1,080,953
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Russell D GosselinPresident/CEOHsng Allowance & SrvcsNo$60,826

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$225,496
Loan Payable x 4888$159,179
N/P Reed Enterprises$85,000
Credit Cards$34,684
N/P Rogue Enterprises$15,000
N/P Kingsford$4,400
Security Deposit$475
Rounding$2
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Russell & Sharon Gosselin are family.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Board members will review the Form 990 before it is filed as part of its board activities. A copy of Form 990 will be provided to each board member before it is filed with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization has a written conflict of interest policy that requires officers, directors and employees to annually disclose potential conflicts of themselves and their family members.The organization monitors and enforces compliance with their conflict of interest policy.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The copy of Form 1023 application for tax exemption, IRS approval leter, and Form 990 available to the public upon request. The organization keeps the articles of incorporation, bylaws, and conflicts of interest policy available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Elevate Lives
EIN
81-4490605
Phone
7194911535
Address
2201 N Jefferson Ave, Springfield, MO 65803

Signing Officer

Name
Russell D Gosselin
Title
President & CEO
Signed
2022-03-03
Discuss with paid preparer
Yes

Organization Details

Formed
2016
Legal Domicile
Mo
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
2

Preparer

Firm
Carson Group Advanced Solutions Tax & Accounting
Address
13710 Struthers Rd Ste 220, Colorado Springs, CO 80921
Preparer
Gregory L Shafer CPA
Phone
7194871200
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt068991
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt097428
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0250343
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0933
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0942
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0915259
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0761354
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0321465
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01998078
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0250343
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt083924
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt068991
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt097428
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0250343
IRS990ScheduleA/TotalSupportAmt02249363
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0435627
IRS990ScheduleD/BuildingsGrp/DepreciationAmt026885
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0462512
IRS990ScheduleD/LandGrp/BookValueAmt012504
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012504
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0210479
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01499
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0211978
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0224000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Investment Properties
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034684
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1225496
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2159179
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt34400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt485000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt515000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt62
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt7475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Cards
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Line of Credit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Loan Payable x 4888
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3N/P Kingsford
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4N/P Reed Enterprises
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5N/P Rogue Enterprises
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7Security Deposit
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0658610
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0224000
IRS990ScheduleD/TotalLiabilityAmt0524236
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Russell D Gosselin
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0President/CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt060826
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Hsng Allowance & Srvcs
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt0581839
IRS990ScheduleM/FoodInventoryGrp/NonCashCheckboxInd0X
IRS990ScheduleM/FoodInventoryGrp/NoncashContributionsRptF990Amt075735
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Materials
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0257685
IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt081000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Russell & Sharon Gosselin are family.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board members will review the Form 990 before it is filed as part of its board activities. A copy of Form 990 will be provided to each board member before it is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization has a written conflict of interest policy that requires officers, directors and employees to annually disclose potential conflicts of themselves and their family members.The organization monitors and enforces compliance with their conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The copy of Form 1023 application for tax exemption, IRS approval leter, and Form 990 available to the public upon request. The organization keeps the articles of incorporation, bylaws, and conflicts of interest policy available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MO
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0515842
IRS990/TotalAssetsEOYAmt0908800
IRS990/TotalAssetsGrp/BOYAmt0515842
IRS990/TotalAssetsGrp/EOYAmt0908800
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0999183
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078876
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01002077
IRS990/TotalFunctionalExpensesGrp/TotalAmt01080953
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0317559
IRS990/TotalLiabilitiesEOYAmt0524236
IRS990/TotalLiabilitiesGrp/BOYAmt0317559
IRS990/TotalLiabilitiesGrp/EOYAmt0524236
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0198283
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0384564
IRS990/TotalProgramServiceExpensesAmt01002077
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt060826
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0268051
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01267234
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0515842
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0908800
IRS990/TravelGrp/ProgramServicesAmt02665
IRS990/TravelGrp/TotalAmt02665
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

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