Elevate New York INC

Tax-deductible

New York, NY501(c)(3)Since 2009Youth DevelopmentEIN 27-1367166Revenue $183K in FY2024

On file with the IRSelevatenewyork.org1407 Broadway 26th Flr, 10018-5144 · New York, NYTax-exempt since Dec 2021Publicly supported charity — 170(b)(1)(A)(vi)

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To build long term, life changing relationships with urban youth for the purpose of character and life skills development.

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
Run by 25 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $8K a year · 2% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$41K
to officers and key staff · 18% of spending
Top officer’s pay lower than 69% of similar orgs
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $95K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$42K
101% of total assets
Concern: liabilities are 101% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$183K
-32% vs prior year
Spent
$231K
To programs
59%
Net assets
−$449
By yearFY2021–FY2024
Revenue
$183K
FY2024▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2021$566K
FY2022$181K
FY2023$327K
FY2024$268K
FY2024$183K
Expenses
$231K
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2021$376K
FY2022$367K
FY2023$330K
FY2024$236K
FY2024$231K
Net assets
−$449
FY2024▼ -101%
Tap a bar for its year
Net assets by fiscal year
FY2021$205K
FY2022$19K
FY2023$16K
FY2024$48K
FY2024−$449

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Revoked May 2021, reinstated. IRS ruling Dec 2021, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Dec 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $135K Management & general 37% · $86K Fundraising 4% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $41K paid to officers and key staff.

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 31st percentile of top reported officer pay among 1992 $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.

See Elevate New York INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds lasting relationships with youth, empowering them to thrive and contribute.

Provided by the organization

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1 program · $22K · in their 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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$183K
Ln 12
Gifts and grantsLn 1h$183K
Money outPt IX
$231K
Ln 25
Programscol B$135K
Managementcol C$86K
Fundraisingcol D$10K
Owns and owesPt X
−$449
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$42K
LiabilitiesLn 26$42K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$183K
Government grantsLn 1e$25K
Total revenueLn 12$183K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
Total assetsLn 16$42K
LiabilitiesLn 26$42K
Net assetsLn 32−$449
OperationsPt I, VI
EmployeesI 54
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$77K$42K
Total assetsLn 16$79K$42K
LiabilitiesLn 26$31K$42K
Net assetsLn 32$48K−$449
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$108K$67K$41K
Payroll taxesLn 10$56K$35K$21K
Office expensesLn 13$240$240
Information technologyLn 14$7K$6K$656
OccupancyLn 16$7$7
TravelLn 17$6K$6K
Other expenses (24a–d)Ln 24$54K$22K$23K$9K
All other expensesLn 24e$102$102
Total functional expensesLn 25$231K$135K$86K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $268K$236K$32K$48K 990 PDF
FY2023 $327K$330K−$3K$16K 990 PDF
FY2022 $181K$367K−$186K$19K 990 PDF
FY2021 $566K$376K$189K$205K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $182,706 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $267,889$182,706
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $267,889$182,706
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $189,468$164,037
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $46,323$66,778
I-18 Total expensesPrior year $235,791$230,815
I-19 Revenue less expensesPrior year $32,098−$48,109
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $182,706 across 4 lines filed
VIII-1e Government grants$25,000
VIII-1f All other contributions, gifts and grants$157,706
VIII-1h Total contributions, gifts and grants$182,706
VIII-12 Total revenue$182,706
Part IX · Statement of functional expenses $230,815 across 8 lines filed
IX-7 Other salaries and wagesPrograms $67,056 · Management $41,250$108,306
IX-10 Payroll taxesPrograms $34,505 · Management $21,226$55,731
IX-13 Office expensesPrograms $240$240
IX-14 Information technologyPrograms $5,906 · Management $656$6,562
IX-16 OccupancyManagement $7$7
IX-17 TravelPrograms $5,975$5,975
IX-24 Other expenses (24a–d)Programs $21,705 · Management $22,725 · Fundraising $9,462$53,892
IX-24e All other expensesFundraising $102$102
IX-25 Total functional expensesPrograms $135,387 · Management $85,864 · Fundraising $9,564$230,815
Part X · Balance sheet $42,039 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $77,149$41,502
X-9 Prepaid expenses and deferred chargesStart of year $1,496$537
X-16 Total assetsStart of year $78,645$42,039
X-17 Accounts payable and accrued expensesStart of year $30,985$42,488
X-26 Total liabilitiesStart of year $30,985$42,488
X-27 Net assets without donor restrictionsStart of year $47,660−$449
X-32 Total net assets or fund balancesStart of year $47,660−$449
X-33 Total liabilities and net assetsStart of year $78,645$42,039
Part XI · Reconciliation of net assets −$449 net assets at year end
XI-1 Total revenue$182,706
XI-2 Total expenses$230,815
XI-3 Revenue less expenses−$48,109
XI-4 Net assets at start of year$47,660
XI-10 Net assets at end of year−$449

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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