Civic Intelligence

Elevate Aerospace & Logistics Incubator Inc

EIN 87-4082687 • 501(c)3 • Lakeland, FL

Profile

To help budding entrepreneurs establish companies in aerospace and logistics industries.

4075 James C Ray DriveLakeland, FL 33811

www.elevateincubator.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.05x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.08x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

3rd percentile

-737%

Higher net margin than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

14th percentile

-68%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

10th percentile

-74%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$0

Down $10,680 (-100%) from 2024

Liabilities

Down

$0

Down $519 (-100%) from 2024

Net Assets

Down

$0

Down $10,161 (-100%) from 2024

Revenue

Down

$2,000

Down $4,500 (-69%) from 2024

Expenses

Down

$12,161

Down $42,259 (-78%) from 2024

Net Income

Up

-$10,161

Up $37,759 (+79%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2022: $106,022Liabilities 2022: $104,986Net Assets 2022: $1,0362022Assets 2023: $70,461Liabilities 2023: $12,380Net Assets 2023: $58,0812023Assets 2024: $10,680Liabilities 2024: $519Net Assets 2024: $10,1612024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2025

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2022: $93,324Expenses 2022: $92,288Net Income 2022: $1,0362022Revenue 2023: $157,949Expenses 2023: $100,904Net Income 2023: $57,0452023Revenue 2024: $6,500Expenses 2024: $54,420Net Income 2024: -$47,9202024Revenue 2025: $2,000Expenses 2025: $12,161Net Income 2025: -$10,1612025

Highlighted filing

2025

Revenue$2,000
Expenses$12,161
Net Income-$10,161

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 19, 2026
Return Version
2024v5.5
Gross Receipts
$2,000
Mission and Program Overview

Mission

To help budding entrepreneurs establish companies in aerospace and logistics industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,680$0▼ $10,680
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$10,680$0▼ $10,680
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$519--
Total Liabilities$519$0▼ $519
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,161$0▼ $10,161
Net Assets Without Donor Restrictions-$0-
Total Net Assets Fund Balance$10,161$0▼ $10,161
Total Liabilities and Net Assets / Fund Balance$10,680$0▼ $10,680
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Eric CrumpVice-president & COOPT$119,824$119,824
Julie EhnleCFOPT$66,451$66,451

Board Members and Trustees

NameTitle
Ricardo GarciaChairman
Eugene ConradPresident & CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-10,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,161
Total Fundraising Expense$14
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,251$125$14$1,390
All Other Expenses$738--$738
Other Expenses$666--$666
Total Functional Expenses$12,022$125$14$12,161
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
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The board of directors may from time to time establish one or more other committees, with such duties and authority as the board of directors may determine. Each committee shall have two or more directors, and all committee members shall serve at the pleasure of the board of directors.

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

Form 990 is provided to the board of directors before it is filed.

Form 990, Part VI, Section B, Line 12C

Directors shall disclose to the board any interest that a director has in a transaction or decision of the board that may reult in a financial benefit or gain to them and/or their business, family members and/or significant other, employer, and/or close assocates, and other nonprofit orgnizations with which the director is affiliated. After disclosure, non affected directors shall determine whether the conflict is significant, requiring the director to recuse him or herself.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Elevate Aerospace & Logistics
EIN
87-4082687
Phone
8639044014
Address
4075 JAMES C RAY DRIVE, LAKELAND, FL 33811

Signing Officer

Name
Julie Ehnle
Title
CFO
Phone
8639044014
Signed
2026-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Ehnle
Formed
2021
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Rivero Gordimer & Company Pa
Address
201 N FRANKLIN ST SUITE 2200, TAMPA, FL 33602
Preparer
Julie Davis
Phone
8138757774
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Neither the oversight process nor the selection process was changed during the year for the audit committee.

Financial Statement Notes

PART X, LINE 2:

The center is a nonprofit organization that is exempt from income taxes under the provisions of section 501(c)(3) of the internal revenue code; therefore, no provision for income taxes has been made in these consolidated financial statements. The center has also been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170 (b)(1)(a)(vi). The most significant tax positions of the center are its assertion that it is exempt from income taxes and its determination of whether any amounts are subject to unrelated business income tax (ubit). All significant tax positions have been considered by management. It has been determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities. The center's forms 990 for 2022 through 2024 are open to examination by the internal revenue service as of june 30, 2025.

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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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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION FOR THE CEO WAS ESTABLISHED AND PAID BY AEROSPACE CENTER FOR EXCELLENCE, INC., A RELATED ORGANIZATION. THE FOLLOWING METHODS WERE RELIED UPON BY AEROSPACE CENTER FOR EXCELLENCE, INC. TO DETERMINE SUCH COMPENSATION: 1. FORM 990 OF OTHER ORGANIZATIONS. 2. COMPENSATION SURVEY OR STUDY, AND 3. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS MAY FROM TIME TO TIME ESTABLISH ONE OR MORE OTHER COMMITTEES, WITH SUCH DUTIES AND AUTHORITY AS THE BOARD OF DIRECTORS MAY DETERMINE. EACH COMMITTEE SHALL HAVE TWO OR MORE DIRECTORS, AND ALL COMMITTEE MEMBERS SHALL SERVE AT THE PLEASURE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS SHALL DISCLOSE TO THE BOARD ANY INTEREST THAT A DIRECTOR HAS IN A TRANSACTION OR DECISION OF THE BOARD THAT MAY REULT IN A FINANCIAL BENEFIT OR GAIN TO THEM AND/OR THEIR BUSINESS, FAMILY MEMBERS AND/OR SIGNIFICANT OTHER, EMPLOYER, AND/OR CLOSE ASSOCATES, AND OTHER NONPROFIT ORGNIZATIONS WITH WHICH THE DIRECTOR IS AFFILIATED. AFTER DISCLOSURE, NON AFFECTED DIRECTORS SHALL DETERMINE WHETHER THE CONFLICT IS SIGNIFICANT, REQUIRING THE DIRECTOR TO RECUSE HIM OR HERSELF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NEITHER THE OVERSIGHT PROCESS NOR THE SELECTION PROCESS WAS CHANGED DURING THE YEAR FOR THE AUDIT COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0AEROSPACE CENTER FOR EXCELLENCE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1AEROSPACE CENTER FOR EXCELLENCE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SUN 'N FUN FLYIN INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CENTRAL FLORIDA AEROSPACE ACADEMY FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2AEROSPACE CENTER FOR EXCELLENCE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0592803958
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1270763731
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2593679477
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SHARING THE AVIATION EXPERIENCE WITH PEOPLE OF ALL AGES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SUPPORTING STUDENTS IN POLK COUNTY TO ACHIEVE AEROSPACE OPPORTUNITIES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2ENGAGING THE NEXT GENERATION OF AEROSPACE PROFESSIONALS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04075 JAMES C RAY DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt14075 JAMES C RAY DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt24075 JAMES C RAY DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LAKELAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1LAKELAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2LAKELAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd033811
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd133811
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd233811
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt010680
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt010680
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0125
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt012022
IRS990/TotalFunctionalExpensesGrp/TotalAmt012161
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0519
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0519
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010161
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt036555
IRS990/TotalProgramServiceExpensesAmt012022
IRS990/TotalProgramServiceRevenueAmt02000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010680
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt0412754
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04075 JAMES C RAY DRIVE
IRS990/USAddress/CityNm0LAKELAND
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033811
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.ELEVATEINCUBATOR.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE EHNLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08639044014
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELEVATE AEROSPACE & LOGISTICS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INCUBATOR INC
ReturnHeader/Filer/BusinessNameControlTxt0ELEV
ReturnHeader/Filer/EIN0874082687

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