Elevate New York INC EIN 27-1367166

Elevate New York INC

EIN  27-1367166 Public charity (501(c)(3)) New York, NY Founded 2009
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Builds lasting relationships with youth, empowering them to thrive and contribute.
Leadership
Mark Settles · Executive Di · $41K
Money in and out
$183K revenue, $231K expenses
Bottom line
59% program efficiency

Builds lasting relationships with youth, empowering them to thrive and contribute. For fiscal year 2024 it reported $183K in revenue, $231K in expenses, and $-449 in net assets.Pt I

Where the money goes · FY2024
Total revenue
$183K
Pt VIII · Ln 12
Total expenses
$231K
Pt IX · Ln 25
Net assets
$-449
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$48K
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.37 Fundraising $0.04
Program efficiency
59%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
2.2mo
months of highly liquid reserves at operating expense rate▼ -44% vs prior filing year
Surplus margin
-26%
revenue over expenses, this year▼ -320% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$183K
FY2024▼ -32%
Expenses
$231K
FY2024▼ -2%
Total assets
$42K
FY2024▼ -47%
Total liabilities
$42K
FY2024▲ +37%
Total revenue
$183K
Pt VIII · Ln 12
Total expenses
$231K
Pt IX · Ln 25
Net assets
$-449
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$48K
Total assetsPt X · Ln 16$42K
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $22K of program spending, described in the organization's own filed words · FY2024.
01

The program was founded on the principles of colorado uplift, a proven program that has operated for over 35 years, increasing the graduation rates for urban youth from low 35% to over 90%. The program is working to empower urban youth through character education and life skills development.

$22Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CElevate New York INC
EINHdr · item D27-1367166
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jelevatenewyork.org
Year of formationHdr · item L2009
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFDec 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$41,250Pt VII · Sec A
Manager/Lega
$0Pt VII · Sec A
Inhouse Coun
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Dir of Compl
$0Pt VII · Sec A
$0Pt VII · Sec A
Investment a
$0Pt VII · Sec A
Board Presid
$0Pt VII · Sec A

Mark Settles’s $41K as Executive Di is at the 32nd percentile of top reported officer pay among 1984 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
Gilda Gomez$120,000$120,000
Mark Settles$41,250$35,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$183K
— government grantsLn 1e$25K
Total revenueLn 12$183K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.37 Fundraising $0.04
Program services59%$135K
Management & general37%$86K
Fundraising4%$10K
Total functional expensesLn 25$231K

Balance Sheet

Part X · end of year
CashLn 1$42K
Total assetsLn 16$42K
Total liabilitiesLn 26$42K
Total net assetsLn 32$-449
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $42K · Operating expenses/yr $231K
2.2 months
Where the money goes
Program services
Program services $135K · Total expenses $231K
59%
Management & General
Management & general $86K · Total expenses $231K
37%
Fundraising
Fundraising $10K · Total expenses $231K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $24K · Solicited contributions (3-yr avg) $217K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $183K · Total revenue $183K
100%
Government reliance
Government grants $25K · Total revenue $183K
14%
Earned-income share
Program service revenue $0 · Total revenue $183K
0%
Investment reliance
Investment income $0 · Total revenue $183K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $231K
0%
Growth & trend
Revenue growth (YoY)
This year $183K · Prior year $268K
-32%
Revenue CAGR
FY2020 $566K · FY2024 $183K
-25%
Net-asset trend (YoY)
End of year $-449 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $183K · Expenses $231K
-26%
Liabilities-to-Assets
Total liabilities — · Total assets $42K
Net-asset ratio
Net assets $-449 · Total assets $42K
-1%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $42K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mark Settles · Reported title EXECUTIVE DI · Highest reported compensation $41K · Total expenses $231K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $164K · Total expenses $231K
71%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 59%
Overhead ratio 37%
Fundraising cost ratio 5%
Revenue growth -32%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$268K revenue · ⤓ 990 PDF
FY2023$327K revenue · ⤓ 990 PDF
FY2022$181K revenue · ⤓ 990 PDF
FY2021$566K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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