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Nonprofiteer
← ELEVATE CHARTER SCHOOLS INC

Form 990 for tax year 2022

Filed by ELEVATE CHARTER SCHOOLS INC.

Totals

Total revenue
$2,025,000
Total expenses
$1,767,799
Contributions and grants received
$2,025,000
Grants paid
$276,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,439,786
Total liabilities, end of year
$67,565
Net assets or fund balances, end of year
$2,372,221
Program services expenses (Part IX)
$1,521,750
Management and general expenses
$246,049
Fundraising expenses
$0
Program service expenses (Part III)
$1,521,750

Program services were 86.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,025,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $276,500 · program services $276,500

  • 5 · Compensation of officers, directors and key employees

    total $299,207 · program services $249,105 · management and general $50,102

  • 7 · Other salaries and wages

    total $482,242 · program services $401,490 · management and general $80,752

  • 10 · Payroll taxes

    total $169,163 · program services $140,837 · management and general $28,326

  • 11b · Fees: legal

    total $55,033 · program services $55,033

  • 11c · Fees: accounting

    total $56,734 · program services $56,734

  • 11g · Fees: other

    total $265,320 · program services $252,547 · management and general $12,773

  • 12 · Advertising and promotion

    total $13,931 · management and general $13,931

  • 13 · Office expenses

    total $22,120 · program services $12,478 · management and general $9,642

  • 16 · Occupancy

    total $80,536 · program services $66,845 · management and general $13,691

  • 17 · Travel

    total $14,574 · management and general $14,574

  • 22 · Depreciation, depletion and amortization

    total $2,493 · management and general $2,493

  • 23 · Insurance

    total $11,110 · management and general $11,110

  • 24a · Other expenses: COMPUTERS & SOFTWARE

    total $18,049 · program services $10,181 · management and general $7,868

  • 24b · Other expenses: BANK CHARGES

    total $787 · management and general $787

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,145,916 · end of year $2,433,296

  • 10a · Land, buildings and equipment: cost or other basis

    $9,326

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,836

  • 10c · Land, buildings and equipment, net

    beginning of year $4,691 · end of year $6,490

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,587 · end of year $67,565

  • 27 · Net assets without donor restrictions

    beginning of year $2,115,020 · end of year $2,372,221

Mission and programs · 2022

Mission

THE MISSION OF ELEVATE CHARTER SCHOOLS IS TO DEVELOP AND OPERATE HIGH-PERFORMING CHARTER SCHOOLS, WHO RELENTLESSLY PROVIDE EACH CHILD WITH A RIGOROUS AND PERSONALIZED EDUCATIONAL EXPERIENCE, ENABLING THEM TO REACH THEIR FULL POTENTIAL IN AN EVER-CHANGING, MULTICULTURAL WORLD.

  • DEVELOPING AND OPERATING HIGH-PERFORMING CHARTER SCHOOLS, THAT RELENTLESSLY PROVIDE EACH CHILD WITH A RIGOROUS AND PERSONALIZED EDUCATIONAL EXPERIENCE, ENABLING THEM TO REACH THEIR FULL POTENTIAL IN AN EVER-CHANGING, MULTICULTURAL WORLD. DURING FISCAL 2023, ELEVATE CHARTER SCHOOLS WAS STILL IN THE SET-UP AND DEVELOPMENT STAGE WITH LIMITED OPERATIONS.

    Expenses $1,521,750 · Grants $276,500 · Revenue $2,025,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peyton Patterson

    SECRETARY

    Total calculated
    $92,100
    From this org
    $92,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeffrey Cirillo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Paul McCraven

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Pastor Eldren Merrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Blanton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Taylor

    CHIEF EXECTUTIVE OFFICER

    Total calculated
    $199,207
    From this org
    $179,207
    From related orgs
    $0
    Other
    $20,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,207
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,000
    Filer's total
    $199,207

  • Emily Jackson

    CHIEF OPERATING OFFICER

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Marisol Rivera

    DIRECTOR OF FINANCE

    Total calculated
    $34,650
    From this org
    $34,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401349349307785

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