Skip to content
Nonprofiteer
← ELEVATION SCHOLARS INC

Form 990 for tax year 2024

Filed by ELEVATION SCHOLARS INC.

Totals

Total revenue
$1,326,194
Total expenses
$1,486,395
Contributions and grants received
$1,301,585
Grants paid
$449,643
Program service revenue
$0
Investment income
$7,882
Other revenue
$16,727
Total assets, end of year
$388,373
Total liabilities, end of year
$118,665
Net assets or fund balances, end of year
$269,708
Program services expenses (Part IX)
$1,086,102
Management and general expenses
$215,430
Fundraising expenses
$184,863
Program service expenses (Part III)
$1,086,102

Program services were 73.1% 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

    $1,301,585

  • 3 · Investment income

    total $7,882 · unrelated business $7,882

  • 8a · Fundraising events: gross income

    $56,340

  • 8b · Fundraising events: direct expenses

    $39,613

  • 8c · Net income from fundraising events

    total $16,727 · excluded $16,727

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $449,643 · program services $449,643

  • 5 · Compensation of officers, directors and key employees

    total $679,988 · program services $462,256 · management and general $120,962 · fundraising $96,770

  • 11c · Fees: accounting

    total $33,081 · management and general $33,081

  • 11g · Fees: other

    total $30,137 · management and general $93 · fundraising $30,044

  • 12 · Advertising and promotion

    total $67,249 · program services $67,249

  • 13 · Office expenses

    total $19,350 · management and general $13,229 · fundraising $6,121

  • 16 · Occupancy

    total $30,000 · management and general $30,000

  • 17 · Travel

    total $10,792 · program services $9,733 · management and general $593 · fundraising $466

  • 19 · Conferences, conventions and meetings

    total $11,446 · fundraising $11,446

  • 22 · Depreciation, depletion and amortization

    total $1,951 · management and general $1,951

  • 23 · Insurance

    total $7,258 · management and general $7,258

  • 24a · Other expenses: MEETING EVENTS

    total $136,834 · program services $97,221 · fundraising $39,613

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $8,263 · management and general $8,263

  • 24c · Other expenses: OVERHEAD COSTS

    total $403 · fundraising $403

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $371,076 · end of year $361,950

  • 3 · Pledges and grants receivable

    beginning of year $158,000

  • 4 · Accounts receivable

    beginning of year $2,402 · end of year $266

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,142 · end of year $11,622

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

    $18,099

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

    $13,510

  • 10c · Land, buildings and equipment, net

    beginning of year $3,685 · end of year $4,589

  • 15 · Other assets

    beginning of year $9,933 · end of year $9,946

  • 17 · Accounts payable and accrued expenses

    beginning of year $118,396 · end of year $108,719

  • 25 · Other liabilities

    beginning of year $9,933 · end of year $9,946

  • 27 · Net assets without donor restrictions

    beginning of year $429,909 · end of year $269,708

Mission and programs · 2024

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 $1,086,102 · Grants $449,643

As filed on the 2024 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 Aietchenson

    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

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
2024
Filed
22 April 2026
IRS schema version
2024v5.5
Source object
202601179349302110

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.