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Nonprofiteer
← ELEVATE HOPE INC

Form 990 for tax year 2023

Filed by ELEVATE HOPE INC.

Totals

Total revenue
$6,769,692
Total expenses
$6,623,960
Contributions and grants received
$6,769,692
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$880,192
Total liabilities, end of year
$145
Net assets or fund balances, end of year
$880,047
Program services expenses (Part IX)
$6,518,706
Management and general expenses
$105,254
Fundraising expenses
$0
Program service expenses (Part III)
$6,518,706

Program services were 98.4% 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.

  • 1e · Government grants (contributions)

    $346,000

  • 1f · All other contributions, gifts and grants

    $6,423,692

  • 1g · Noncash contributions included above

    $6,053,255

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $111,010 · program services $88,808 · management and general $22,202

  • 7 · Other salaries and wages

    total $176,718 · program services $141,374 · management and general $35,344

  • 10 · Payroll taxes

    total $18,678 · program services $14,942 · management and general $3,736

  • 11c · Fees: accounting

    total $14,854 · management and general $14,854

  • 11g · Fees: other

    total $4,976 · program services $3,900 · management and general $1,076

  • 12 · Advertising and promotion

    total $1,187 · program services $950 · management and general $237

  • 13 · Office expenses

    total $7,015 · program services $5,612 · management and general $1,403

  • 14 · Information technology

    total $217 · program services $174 · management and general $43

  • 16 · Occupancy

    total $37,897 · program services $30,318 · management and general $7,579

  • 22 · Depreciation, depletion and amortization

    total $30,894 · program services $30,894

  • 23 · Insurance

    total $18,367 · management and general $18,367

  • 24a · Other expenses: DONATED ITEMS

    total $6,053,255 · program services $6,053,255

  • 24b · Other expenses: PROGRAM SERVICES

    total $146,474 · program services $146,474

  • 24c · Other expenses: POSTAGE/MAILING/PRINTIN

    total $1,934 · program services $1,547 · management and general $387

  • 24d · Other expenses: BENEVOLENCE

    total $352 · program services $352

  • 24e · All other expenses

    total $132 · program services $106 · management and general $26

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $590,065 · end of year $574,746

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

    $472,821

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

    $167,375

  • 10c · Land, buildings and equipment, net

    beginning of year $144,993 · end of year $305,446

  • 25 · Other liabilities

    beginning of year $743 · end of year $145

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $734,315 · end of year $880,047

Mission and programs · 2023

Mission

(CONT FROM PG 1)SPORTS LEAGUES, AFTER SCHOOL TUTORING, STEM MEDIA LAB, CULINARY ARTS KITCHEN, PERFORMING ARTS STUDIO, MUSIC, ACTING, FASHION DESIGN, ETIQUETTE COURSES, RESUME BUILDING WORKSHOPS, ANTI-BULLYING CLASSES, MENTAL HEALTH/STRESS MANAGEMENT, AND BEYOND.

Activities or mission (Part I)

CONNECT CULTURE CREATORS & LEADERS TO LOCAL COMMUNITIES TO PROVIDE RESOURCES RANGING FROM... ...SPORTS LEAGUES, AFTER SCHOOL TUTORING, STEM MEDIA LAB, CULINARY ARTS KITCHEN, PERFORMING ARTS STUDIO, MUSIC, ACTING, FASHION DESIGN, ETIQUETTE COURSES, RESUME BUILDING WORKSHOPS, ANTI-BULLYING CLASSES, MENTAL HEALTH/STRESS MANAGEMENT, AND BEYOND.

  • PROVIDE SERVICES FOR THE LOCAL COMMUNITY, INCLUDING EDUCATIONAL, RECREATIONAL, HUMANITARIAN, ATHLETIC, MENTORING, AND CREATIVE EMPOWERMENT.

    Expenses $6,518,706

As filed on the 2023 return.

Listed in Part VII

  • Chad Wehba

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bridget Gless Keller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phoenix Eyre

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Justin Mayo

    EXECUTIVE DIRECTOR

    Total calculated
    $111,011
    From this org
    $111,011
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rick Rushton

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeanne Mayo

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Dan Kang

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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
14 November 2024
IRS schema version
2023v5.1
Source object
202423209349302957

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