Civic Intelligence

Elevate Lives

990 • Fiscal year 2021 • EIN 81-4490605

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 08, 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

87th percentile

0.59x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

1.06x

Higher debt load relative to revenue than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

82nd percentile

41%

Higher net margin than 82% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

47th percentile

$46,722

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

95th percentile

139%

Faster asset growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

26th percentile

-4.4%

Faster revenue growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,169,326

Up $1,260,526 (+139%) from 2020

Net Assets

Up

$881,823

Up $497,259 (+129%) from 2020

Liabilities

Up

$1,287,503

Up $763,267 (+146%) from 2020

Revenue

Down

$1,211,284

Down $55,950 (-4.4%) from 2020

Expenses

Down

$714,025

Down $366,928 (-34%) from 2020

Net Income

Up

$497,259

Up $310,978 (+167%) from 2020

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

2021

Assets$2,169,326
Liabilities$1,287,503
Net Assets$881,823

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

2021

Revenue$1,211,284
Expenses$714,025
Net Income$497,259
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 8, 2022
Return Version
2021v4.0
Gross Receipts
$1,607,019
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$658,610$2,043,421▲ $1,384,811
Cash and Non-Interest-Bearing Accounts$26,190$125,901▲ $99,711
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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$908,800$2,169,326▲ $1,260,526
Other Assets Total$224,000$4▼ $223,996
Liabilities
Other Liabilities$524,236$1,287,503▲ $763,267
Total Liabilities$524,236$1,287,503▲ $763,267
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$384,564$881,823▲ $497,259
Total Net Assets Fund Balance$384,564$881,823▲ $497,259
Total Liabilities and Net Assets / Fund Balance$908,800$2,169,326▲ $1,260,526

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,226,223$56,461$1,282,684
Leasehold Improvements$599,161$12,503$611,664
Land$211,917-$211,917
Equipment$6,120$680$6,800
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Russell D GosselinPresident & CEOFT$46,722$46,722

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
$1,003,848
Program Service Revenue
$0
Investment Income
$46,979
Other Revenue
$160,457
All Other Contributions
$1,003,848
Change in Net Assets
$497,259

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
Real Estate Residential2$363,000
Clothing and Household Goods-$271,231
Other Non Cash Contri Table-$112,663
Food Inventory-$33,904
Cars and Other Vehicles-$6,519
Total Noncash Contributions2$787,317
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$667,303
Salaries, Compensation, and Employee Benefits$46,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$48,016-$48,016
Current Officers, Directors, Trustees, and Key Employees$23,361$23,361-$46,722
Insurance$18,316$6,105-$24,421
All Other Expenses$6,039$13,392-$19,431
Other Expenses$18,650$14,245-$14,245
Advertising-$11,629-$11,629
Fees for Services Legal-$11,013-$11,013
Depreciation Depletion-$3,955-$3,955
Travel$1,273--$1,273
Total Functional Expenses$561,283$152,742$0$714,025
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-

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
N/P Hawthorne$550,920
Bancorp South LOC #0477$269,964
Loan Payable x 4888$154,131
Robinson Trust$117,803
Bancorp LOC #9857$78,067
N/P Reed Enterprises$61,292
Credit Cards$40,326
N/P Rogue Enterprises$15,000
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
2022-11-08
Discuss with paid preparer
Yes

Organization Details

Formed
2016
Legal Domicile
Mo
Voting Board Members
5
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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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt059876
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0210531
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt083924
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt068991
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt097428
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0460874
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0933
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0951
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0100581
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0787317
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0915259
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0761354
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0321465
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02785395
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0460874
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0210531
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt083924
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt068991
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt097428
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0460874
IRS990ScheduleA/TotalSupportAmt03247220
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/BookValueAmt01226223
IRS990ScheduleD/BuildingsGrp/DepreciationAmt056461
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01282684
IRS990ScheduleD/EquipmentGrp/BookValueAmt06120
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0680
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06800
IRS990ScheduleD/LandGrp/BookValueAmt0211917
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0211917
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0599161
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012503
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0611664
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt078067
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1269964
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt240326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3154131
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4550920
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt561292
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt615000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt7117803
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Bancorp LOC #9857
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Bancorp South LOC #0477
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Credit Cards
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Loan Payable x 4888
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4N/P Hawthorne
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5N/P Reed Enterprises
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6N/P Rogue Enterprises
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7Robinson Trust
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02043421
IRS990ScheduleD/TotalLiabilityAmt01287503
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Russell D Gosselin
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0President/CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Hsng Allowance & Srvcs
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/CarsAndOtherVehiclesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/CarsAndOtherVehiclesGrp/NoncashContributionsRptF990Amt06519
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt0271231
IRS990ScheduleM/FoodInventoryGrp/NonCashCheckboxInd0X
IRS990ScheduleM/FoodInventoryGrp/NoncashContributionsRptF990Amt033904
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Materials
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0112663
IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt02
IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt0363000
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/TotalAssetsBOYAmt0908800
IRS990/TotalAssetsEOYAmt02169326
IRS990/TotalAssetsGrp/BOYAmt0908800
IRS990/TotalAssetsGrp/EOYAmt02169326
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01003848
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0152742
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0561283
IRS990/TotalFunctionalExpensesGrp/TotalAmt0714025
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0524236
IRS990/TotalLiabilitiesEOYAmt01287503
IRS990/TotalLiabilitiesGrp/BOYAmt0524236
IRS990/TotalLiabilitiesGrp/EOYAmt01287503
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0384564
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0881823
IRS990/TotalProgramServiceExpensesAmt0561283
IRS990/TotalProgramServiceRevenueAmt00

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