Elevate 215 EIN 27-3097212

Elevate 215

EIN  27-3097212 Public charity (501(c)(3)) Philadelphia, PA
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/25/26 · see original filing: IRS
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Size
$1–10M
What they do
Expands access to quality education in Philadelphia by operating a centralized online platform that simplifies the charter school application and enrollment process for families.
Leadership
Stacy E Holland · Executive Director · $308K
Money in and out
$4.5M revenue, $6.4M expenses
Bottom line
78% program efficiency

Expands access to quality education in Philadelphia by operating a centralized online platform that simplifies the charter school application and enrollment process for families. For fiscal year 2025 it reported $4.5M in revenue, $6.4M in expenses, and $5.5M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$4.5M
Pt VIII · Ln 12
Total expenses
$6.4M
Pt IX · Ln 25
Net assets
$5.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.9M
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.16 Fundraising $0.06
Program efficiency
78%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
8.9mo
months of highly liquid reserves at operating expense rate▼ -41% vs prior filing year
Surplus margin
-41%
revenue over expenses, this year▲ +24% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$4.5M
FY2025▲ +1%
Expenses
$6.4M
FY2025▼ -7%
Total assets
$6.2M
FY2025▼ -37%
Total liabilities
$724K
FY2025▲ +14%
Total revenue
$4.5M
Pt VIII · Ln 12
Total expenses
$6.4M
Pt IX · Ln 25
Net assets
$5.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.9M
Total assetsPt X · Ln 16$6.2M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

2 program services account for $5.0M of program spending, described in the organization's own filed words · FY2024.
01

School and Talent Grants Elevate 215 makes grants to school operators to support the start-up, expansion, or the capacity building of public, public charter, and catholic schools located in Philadelphia. Grant funding supports the expenses of startup, growth and/or improvement activities over the course of single or multiple years.

$3.9Mprogram expense
02

Apply Philly Charter Elevate 215 operates the Apply Philly Charter For the period ended June 30, 2025, over 150,000 families utilized the website to gather information on over 400 school options in Philadelphia.

$1.1Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CElevate 215
EINHdr · item D27-3097212
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jphilaschoolpartnership.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B12)
Ruling yearIRS BMFDec 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$307,779Pt VII · Sec A
Deputy Chief - Talent Initiati
$187,526Pt VII · Sec A
Deputy Chief - School Initiati
$165,523Pt VII · Sec A
Co-Director - Development
$131,061Pt VII · Sec A
Director - Communications
$112,566Pt VII · Sec A
Chief of Staff
$110,400Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Stacy E Holland’s $308K as Executive Director is at the 96th percentile of top reported officer pay among 3392 $1–10M education 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 · 8 named individuals · Part VII

NameFY2025FY2023FY2022FY2021FY2020
Stacy E Holland$307,779
Stacy E Holland$244,400$248,220$123,163
Mark J Gleason$223,800
Miriam S Zahavy$212,581$151,000
Scott Gaiber$187,526$177,550
Mark J Gleason End 82021$187,116
Lydia S Glassie$179,819
Letisha Laws$165,523

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 & grants$4.2M · 93%
Investment income$197K · 4%
Program service revenue$118K · 3%
Contributions & grants93%$4.2M
Investment income4%$197K
Program service revenue3%$118K
Total revenueLn 12$4.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.16 Fundraising $0.06
Program services78%$5.0M
Management & general16%$1.0M
Fundraising6%$357K
Total functional expensesLn 25$6.4M

Balance Sheet

Part X · end of year
CashLn 1$4.8M
Total assetsLn 16$6.2M
Total liabilitiesLn 26$724K
Total net assetsLn 32$5.5M
Months of cash on handcomputed8.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.8M · Operating expenses (Pt IX) $6.4M · Less non-cash grants $498 · Cash operating expenses/yr $6.4M
8.9 months
Where the money goes
Program services
Program services $5.0M · Total expenses $6.4M
78%
Management & General
Management & general $1.0M · Total expenses $6.4M
16%
Fundraising
Fundraising $357K · Total expenses $6.4M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $367K · Solicited contributions (3-yr avg) $6.0M
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.2M · Total revenue $4.5M
93%
Government reliance
Government grants — · Total revenue $4.5M
Earned-income share
Program service revenue $118K · Total revenue $4.5M
3%
Investment reliance
Investment income $197K · Total revenue $4.5M
+4%
Program self-sufficiency
Program service revenue $118K · Total expenses $6.4M
2%
Growth & trend
Revenue growth (YoY)
This year $4.5M · Prior year $4.5M
+1%
Revenue CAGR
FY2020 $15.5M · FY2024 $4.5M
-26%
Net-asset trend (YoY)
End of year $5.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.5M · Expenses $6.4M
-41%
Liabilities-to-Assets
Total liabilities — · Total assets $6.2M
Net-asset ratio
Net assets $5.5M · Total assets $6.2M
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $6.2M
0%
People & payroll
Highest Reported Total Compensation
Individual Stacy E Holland · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $308K · Total expenses $6.4M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.8M · Total expenses $6.4M
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 16%
Fundraising cost ratio 8%
Revenue growth 1%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

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 · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 210 grants · $25.2M · 2020–2024
See all 210 grants →

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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
FY2025 (Latest)$4.5M revenue · viewing · ⤓ 990 PDF
FY2024not on file
FY2023$4.5M revenue · ⤓ 990 PDF
FY2022$9.8M revenue · ⤓ 990 PDF
FY2021$10.5M revenue · ⤓ 990 PDF
FY2020$15.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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