Totals
- Total revenue
- $3,811,784
- Total expenses
- $2,720,359
- Contributions and grants received
- $3,468,025
- Grants paid
- $450,000
- Program service revenue
- $343,759
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $4,949,851
- Total liabilities, end of year
- $1,486,205
- Net assets or fund balances, end of year
- $3,463,646
- Program services expenses (Part IX)
- $2,155,737
- Management and general expenses
- $564,622
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,155,737
Program services were 79.2% 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
$3,468,025
-
2a · Program service revenue: MANAGEMENT FEE REVENUE
total $318,759 · related or exempt $318,759
-
2b · Program service revenue: PROGRAM FEE REVENUE
total $25,000 · related or exempt $25,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $450,000 · program services $450,000
-
5 · Compensation of officers, directors and key employees
total $454,436 · program services $363,549 · management and general $90,887
-
7 · Other salaries and wages
total $815,194 · program services $652,155 · management and general $163,039
-
10 · Payroll taxes
total $239,610 · program services $191,688 · management and general $47,922
-
11c · Fees: accounting
total $19,000 · program services $19,000
-
11g · Fees: other
total $303,395 · program services $195,153 · management and general $108,242
-
12 · Advertising and promotion
total $15,504 · management and general $15,504
-
13 · Office expenses
total $16,796 · program services $9,475 · management and general $7,321
-
16 · Occupancy
total $312,741 · program services $250,193 · management and general $62,548
-
17 · Travel
total $18,320 · management and general $18,320
-
22 · Depreciation, depletion and amortization
total $2,695 · management and general $2,695
-
23 · Insurance
total $33,734 · management and general $33,734
-
24a · Other expenses: COMPUTERS & SOFTWARE
total $27,811 · program services $15,688 · management and general $12,123
-
24b · Other expenses: OTHER PAYROLL EXPENSES
total $11,045 · program services $8,836 · management and general $2,209
-
24c · Other expenses: BANK CHARGES
total $78 · management and general $78
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,433,296 · end of year $2,279,207
-
4 · Accounts receivable
end of year $343,759
-
10a · Land, buildings and equipment: cost or other basis
$1,466,354
-
10b · Land, buildings and equipment: accumulated depreciation
$5,531
-
10c · Land, buildings and equipment, net
beginning of year $6,490 · end of year $1,460,823
-
15 · Other assets
beginning of year $0 · end of year $866,062
-
17 · Accounts payable and accrued expenses
beginning of year $67,565 · end of year $518,834
-
25 · Other liabilities
beginning of year $0 · end of year $967,371
-
27 · Net assets without donor restrictions
beginning of year $2,372,221 · end of year $3,463,646
Mission and programs · 2023
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 2024, ELEVATE CHARTER SCHOOLS WAS STILL IN THE SET-UP AND DEVELOPMENT STAGE WITH LIMITED OPERATIONS.
Expenses $2,155,737 · Revenue $3,811,784
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John TaylorJOHN TAYLOR
CHIEF EXECUTIVE OFFICER
- Total calculated
- $241,463
- From this org
- $218,726
- From related orgs
- $0
- Other
- $22,737
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $218,726
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $22,737
- Filer's total
- $241,463
-
Jeffrey CirilloJEFFREY CIRILLO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Paul McCravenPAUL MCCRAVEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Reverend Eldren MerrisonREVEREND ELDREN MERRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah BlantonSARAH BLANTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emily JacksonEMILY JACKSON
CHIEF OPERATING OFFICER
- Total calculated
- $177,367
- From this org
- $165,000
- From related orgs
- $0
- Other
- $12,367
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $12,367
- Filer's total
- $177,367
-
Peyton PattersonPEYTON PATTERSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Marisol RiveraMARISOL RIVERA
DIRECTOR OF FINANCE
- Total calculated
- $70,620
- From this org
- $70,620
- 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
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510159349302196
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