Elevate 215 EIN 27-3097212

Elevate 215 FY2020 filing

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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 2020 it reported $15.5M in revenue, $10.9M in expenses, and $7.5M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Philadelphia, PA
Website
philaschoolpartnership.org
Filings
5 on file (2020–2020)
Revenue
$15.5MFY2020
Expenses
$10.9M
Net assets
$7.5M
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-3097212 Public charity (501(c)(3)) Philadelphia, PA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/25/26 · see original: 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
Mark J Gleason · Executive Director · $224K
Money in and out
$15.5M revenue, $10.9M expenses
Bottom line
91% program efficiency
Where the money goes · FY2020
Total revenue
$15.5M
Pt VIII · Ln 12
Total expenses
$10.9M
Pt IX · Ln 25
Net assets
$7.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.6M
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.05 Fundraising $0.04
Program efficiency
91%
of spending reaches programs
Operating runway
6.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+30%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$15.5M
FY2020
Expenses
$10.9M
FY2020
Total assets
$9.0M
FY2020
Total liabilities
$1.5M
FY2020
Total revenue
$15.5M
Pt VIII · Ln 12
Total expenses
$10.9M
Pt IX · Ln 25
Net assets
$7.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.6M
Total assetsPt X · Ln 16$9.0M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $9.9M of program spending, described in the organization's own filed words · FY2020.
01

School Investments

PSP makes grants to school operators to support the launch of new schools, the expansion of great schools, and the turnaround of low-performing schools. The grants help to offset startup, growth and/or transformation costs; they can be disbursed at once or across several years, but they are generally not intended to cover recurring…

$8.5Mprogram expense
02

Equitable Enrollment Initiatives- PSP endeavors to develop strategies to make the process of applying to schools easier for families, who must contend with a complex assortment of application processes across the citys more than 400 K-12 schools.

$1.1Mprogram expense
03

Great Philly Schools

PSP develops and maintains information and technology-based resources to support families in selecting schools that are a good fit for their children. PSP developed and now maintains a multimedia information resource that helps parents and guardians to learn about schools in Philadelphia.

$241Kprogram 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 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 Director
$223,800Pt VII · Sec A
Director - School Investment
$179,819Pt VII · Sec A
Managing Director
$151,000Pt VII · Sec A
Director - School Investments
$112,400Pt VII · Sec A
Director - School Investments
$111,968Pt VII · Sec A
SR Director, External Affairs
$100,306Pt 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 & grants100%$15.4M
Program service revenue$57K
Investment income$690
Other revenue$1K
Total revenueLn 12$15.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.05 Fundraising $0.04
Program services91%$9.9M
Management & general5%$591K
Fundraising4%$417K
Total functional expensesLn 25$10.9M

Balance Sheet

Part X · end of year
CashLn 1$6.2M
Total assetsLn 16$9.0M
Total liabilitiesLn 26$1.5M
Total net assetsLn 32$7.5M
Months of cash on handcomputed6.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.2M · Operating expenses/yr $10.9M
6.9 months
Where the money goes
Program services
Program services $9.9M · Total expenses $10.9M
91%
Management & General
Management & general $591K · Total expenses $10.9M
5%
Fundraising
Fundraising $417K · Total expenses $10.9M
4%
Cost to raise $1
Fundraising expense $417K · Solicited contributions $15.4M
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $15.4M · Total revenue $15.5M
100%
Government reliance
Government grants — · Total revenue $15.5M
Earned-income share
Program service revenue $57K · Total revenue $15.5M
0.4%
Investment reliance
Investment income $690 · Total revenue $15.5M
<0.01%
Program self-sufficiency
Program service revenue $57K · Total expenses $10.9M
0.5%
Growth & trend
Revenue growth (YoY)
This year $15.5M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $7.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $15.5M · Expenses $10.9M
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $9.0M
Net-asset ratio
Net assets $7.5M · Total assets $9.0M
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $9.0M
0%
People & payroll
Highest Reported Total Compensation
Individual Mark J Gleason · Reported title Executive Director · Highest reported compensation $224K · Total expenses $10.9M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.0M · Total expenses $10.9M
18%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 5%
Fundraising cost ratio 3%
Investment management fee ratio 0%
Legal fee ratio 0.09%
Accounting fee ratio 0.9%
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 · ⤓ 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 · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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