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Nonprofiteer
← ELEVATE 215

Form 990 for tax year 2022

Filed by ELEVATE 215.

Totals

Total revenue
$9,811,422
Total expenses
$7,134,707
Contributions and grants received
$9,663,008
Grants paid
$4,121,077
Program service revenue
$116,250
Investment income
$32,164
Other revenue
$0
Total assets, end of year
$13,796,068
Total liabilities, end of year
$2,082,265
Net assets or fund balances, end of year
$11,713,803
Program services expenses (Part IX)
$5,266,038
Management and general expenses
$1,484,209
Fundraising expenses
$384,460
Program service expenses (Part III)
$5,266,038

Program services were 73.8% 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

    $9,663,008

  • 2a · Program service revenue: CONTRACT REVENUE

    total $116,250 · related or exempt $116,250

  • 3 · Investment income

    total $32,185 · excluded $32,185

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7b · Less cost or other basis and sales expenses

    securities $21

  • 7c · Gain or loss

    securities -$21

  • 7d · Net gain or loss

    total -$21 · excluded -$21

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,121,077 · program services $4,121,077

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $274,821 · program services $137,411 · management and general $41,223 · fundraising $96,187

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $945,284 · program services $368,437 · management and general $418,749 · fundraising $158,098

  • 8 · Pension plan contributions

    total $30,981 · program services $11,918 · management and general $14,143 · fundraising $4,920

  • 9 · Other employee benefits

    total $89,798 · program services $35,778 · management and general $37,711 · fundraising $16,309

  • 10 · Payroll taxes

    total $85,207 · program services $35,174 · management and general $32,524 · fundraising $17,509

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $44,058 · management and general $44,058

  • 11c · Fees: accounting

    total $200,627 · management and general $200,627

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $841,765 · program services $265,163 · management and general $520,132 · fundraising $56,470

  • 12 · Advertising and promotion

    total $87,392 · program services $77,622 · management and general $9,770

  • 13 · Office expenses

    total $45,834 · program services $11,871 · management and general $33,453 · fundraising $510

  • 14 · Information technology

    total $114,518 · program services $65,602 · management and general $48,916

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $104,941 · program services $43,322 · management and general $40,057 · fundraising $21,562

  • 17 · Travel

    total $86,761 · program services $67,216 · management and general $19,316 · fundraising $229

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $42,682 · program services $17,620 · management and general $16,292 · fundraising $8,770

  • 23 · Insurance

    total $18,961 · program services $7,827 · management and general $7,238 · fundraising $3,896

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,855,775 · end of year $1,030

  • 2 · Savings and temporary cash investments

    beginning of year $6,813,335 · end of year $11,605,025

  • 3 · Pledges and grants receivable

    beginning of year $1,243,016 · end of year $1,347,564

  • 4 · Accounts receivable

    beginning of year $31,500 · end of year $62,500

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,871 · end of year $25,010

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

    $149,092

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

    $36,654

  • 10c · Land, buildings and equipment, net

    beginning of year $17,886 · end of year $112,438

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $72,542

  • 15 · Other assets

    beginning of year $6,474 · end of year $569,959

  • 17 · Accounts payable and accrued expenses

    beginning of year $125,438 · end of year $251,898

  • 18 · Grants payable

    beginning of year $767,726 · end of year $1,212,296

  • 19 · Deferred revenue

    beginning of year $57,000 · end of year $53,250

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,605 · end of year $564,821

  • 27 · Net assets without donor restrictions

    beginning of year $7,291,410 · end of year $10,530,934

  • 28 · Net assets with donor restrictions

    beginning of year $1,745,678 · end of year $1,182,869

Mission and programs · 2022

Mission

Elevate 215 is a catalyst for preparing students for the world of tomorrow by modernizing the learning experience in Philadelphia schools today. We do this by: supporting schools and talent, collaborating with our partners, expanding access and resources for families, and advocating to create the conditions for success.

Activities or mission (Part I)

Elevate 215 is developing a collaborative and research-based vision for education to advance learning outcomes for Philadelphia students over the next decade.

  • School and Talent Investments Elevate 215 makes grants to school operators to support the start-up, expansion, or the capacity building of public, public charter, and catholic schools located in Philadelphia. Grant funding supports the expenses of startup, growth and/or improvement activities over the course of single or multiple years. The Organization screens prospective applications by conducting extensive due diligence on the applicants before approving grants, including examination of school models, quantitative data on academic outcomes, analysis of student attendance, attrition, graduation and matriculation data, financial analysis, review of strategic growth plans, assessment of organizational leadership capacity, interviews with school leaders, and school site visits. The Organization invests in talent development initiatives, which are focused on strengthening the recruitment, retention and skill development of school leaders and teachers. In 2022, Elevate 215 supported 22 organizations. Community Resources The Organization develops and maintains two technology-based resources to support families in learning about and selecting a school that is a good fit for their children. GreatPhillySchools.org is a web-based information resource that helps parents and guardians learn about school options in Philadelphia by sharing information on school services and performance ratings for more than 2,000 pre-kindergarten and K-12 schools; it also features advice and answers to frequently asked questions on various topics including school application processes specific by sector, scholarships, how to apply to high schools, interacting with a student's teacher, and other relevant information. In 2022, over 200,000 families utilized the website. In 2022, Great Philly Schools held an in-person high school fair, an annual event held in October, at which over 100 schools provided information to 9,000 students and families. An additional technology platform, Apply Philly Charter (applyphillycharter.org), is an online standard enrollment system that facilitates the application and acceptance process for a majority of the public charter schools in Philadelphia. In 2022, over 23,000 families utilized Apply Philly Charter to select a school. Policy and Advocacy To ensure that the conditions exist in Philadelphia and Pennsylvania to support the growth and improvement of quality schools, the Organization educates and advocates for evolved education-related policies and makes grants to support such advocacy. The Organization's advocacy is always nonpartisan; it does not support or advocate on behalf of candidates for elected office or education legislation.

    Expenses $4,489,785 · Grants $4,121,077

  • The organization develops and maintains the technology platform, Apply Philly Charter (applyphillycharter.org). This is an online standard enrollment system that facilitates the application and acceptance process for a majority of the public charter schools in Philadelphia. In 2022, over 23,000 families utilized Apply Philly Charter to select a school.

    Expenses $776,253 · Revenue $116,250

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

Listed in Part VII

  • Stacy E Holland

    Executive Director

    Total calculated
    $273,041
    From this org
    $248,220
    From related orgs
    $0
    Other
    $24,821
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,220
    Bonus
    $0
    Other
    $0
    Deferred
    $10,000
    Nontaxable benefits
    $14,821
    Filer's total
    $273,041

  • Eileen Walsh

    Co- Director

    Total calculated
    $150,327
    From this org
    $118,899
    From related orgs
    $0
    Other
    $31,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,899
    Bonus
    $0
    Other
    $0
    Deferred
    $4,920
    Nontaxable benefits
    $26,508
    Filer's total
    $150,327

  • Salma K Khan

    Sr. Director - Comm. Eng.

    Total calculated
    $133,664
    From this org
    $119,664
    From related orgs
    $0
    Other
    $14,000
    Hours/week
    40

  • Allison Resnick

    Co-DIRECTOR - Development

    Total calculated
    $127,704
    From this org
    $121,816
    From related orgs
    $0
    Other
    $5,888
    Hours/week
    40

  • Samuel Davidson

    DIRECTOR - Development

    Total calculated
    $121,796
    From this org
    $103,883
    From related orgs
    $0
    Other
    $17,913
    Hours/week
    40

  • Michael G O'Neill

    Board Chair

    Total calculated
    $0
    Hours/week
    3

  • William Marx Jr

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • F William McNabb III

    Director

    Total calculated
    $0
    Hours/week
    2

  • Evelyn W McNiff

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Benjamin Persofsky

    Director

    Total calculated
    $0
    Hours/week
    2

  • Zakiyyah Boone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Colin Kelton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Kevin Shafer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • H Art Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Sean Vereen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202321349349300257

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.