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← ELEVATION SCHOLARS INC

Form 990 for tax year 2023

Filed by ELEVATION SCHOLARS INC.

Totals

Total revenue
$1,672,293
Total expenses
$1,440,786
Contributions and grants received
$1,584,500
Grants paid
$440,900
Program service revenue
$0
Investment income
$1,243
Other revenue
$86,550
Total assets, end of year
$558,238
Total liabilities, end of year
$128,329
Net assets or fund balances, end of year
$429,909
Program services expenses (Part IX)
$1,079,770
Management and general expenses
$209,627
Fundraising expenses
$151,389
Program service expenses (Part III)
$1,079,770

Program services were 74.9% 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

    $1,584,500

  • 3 · Investment income

    total $1,243 · unrelated business $1,243

  • 8a · Fundraising events: gross income

    $111,982

  • 8b · Fundraising events: direct expenses

    $25,432

  • 8c · Net income from fundraising events

    total $86,550 · excluded $86,550

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $440,900 · program services $440,900

  • 7 · Other salaries and wages

    total $677,024 · program services $488,983 · management and general $104,467 · fundraising $83,574

  • 11c · Fees: accounting

    total $34,725 · management and general $34,725

  • 11g · Fees: other

    total $31,110 · management and general $2,637 · fundraising $28,473

  • 12 · Advertising and promotion

    total $52,167 · program services $52,167

  • 13 · Office expenses

    total $14,200 · management and general $9,677 · fundraising $4,523

  • 16 · Occupancy

    total $39,533 · management and general $39,533

  • 17 · Travel

    total $11,939 · program services $10,302 · management and general $917 · fundraising $720

  • 19 · Conferences, conventions and meetings

    total $5,232 · fundraising $5,232

  • 22 · Depreciation, depletion and amortization

    total $2,163 · management and general $2,163

  • 23 · Insurance

    total $5,543 · management and general $5,543

  • 24a · Other expenses: MEETING EVENTS

    total $110,718 · program services $87,418 · fundraising $23,300

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $9,965 · management and general $9,965

  • 24c · Other expenses: OVERHEAD COSTS

    total $5,567 · fundraising $5,567

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $224,112 · end of year $371,076

  • 3 · Pledges and grants receivable

    beginning of year $30,000 · end of year $158,000

  • 4 · Accounts receivable

    beginning of year $2,157 · end of year $2,402

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,848 · end of year $13,142

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

    $15,244

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

    $11,559

  • 10c · Land, buildings and equipment, net

    beginning of year $5,848 · end of year $3,685

  • 15 · Other assets

    beginning of year $19,463 · end of year $9,933

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,563 · end of year $118,396

  • 19 · Deferred revenue

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $19,463 · end of year $9,933

  • 27 · Net assets without donor restrictions

    beginning of year $198,402 · end of year $429,909

Mission and programs · 2023

Mission

WE INVEST IN HIGH-NEED, HIGH-ACHIEVING STUDENTS WHO HAVE DEMONSTRATED COMMUNITY IMPACT, HELPING THEM TO AND THROUGH THE NATION'S MOST COMPETITIVE COLLEGES AND UNIVERSITIES.

  • WE INVEST IN HIGH-NEED, HIGH-ACHIEVING STUDENTS WHO HAVE DEMONSTRATED COMMUNITY IMPACT, HELPING THEM TO AND THROUGH THE NATION'S MOST COMPETITIVE COLLEGES AND UNIVERSITIES.

    Expenses $1,079,770 · Grants $440,900

As filed on the 2023 return.

Listed in Part VII

  • Steve Orosz

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Shani Cunningham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Karl Melo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Mike Aiechenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Mary Beth Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Braulio Colon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Andrew Orosz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Scott Lee

    PRESIDENT

    Total calculated
    $88,939
    From this org
    $88,939
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
22 April 2025
IRS schema version
2023v6.0
Source object
202521259349302412

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