Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
73 cents of each dollar spent went to programs.
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
7 people listed on the 990.
Scott Lee’s $89K as President is at the 25th percentile of top reported officer pay among 3869 $1–10M human services 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 · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Scott Lee | $88,939 | $75,623 | $78,577 | $63,000 | $63,000 |
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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Supports high-achieving students with community impact to attend and graduate from competitive colleges.
Questions for Elevation Scholars INC
Your first name shows with your question. Elevation Scholars INC answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $371K | $362K |
| Land, buildings, equipmentLn 10c | $4K | $5K |
| Total assetsLn 16 | $558K | $388K |
| LiabilitiesLn 26 | $128K | $119K |
| Net assetsLn 32 | $430K | $270K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $450K | $450K | ||
| Pay of current officers, directors and key staffLn 5 | $680K | $462K | $121K | $97K |
| Accounting feesLn 11c | $33K | $33K | ||
| Other fees for servicesLn 11g | $30K | $93 | $30K | |
| Advertising and promotionLn 12 | $67K | $67K | ||
| Office expensesLn 13 | $19K | $13K | $6K | |
| OccupancyLn 16 | $30K | $30K | ||
| TravelLn 17 | $11K | $10K | $593 | $466 |
| Conferences, conventions and meetingsLn 19 | $11K | $11K | ||
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | ||
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $146K | $97K | $8K | $40K |
| Total functional expensesLn 25 | $1.5M | $1.1M | $215K | $185K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $1.3M | $1.5M | −$160K | $270K | 990 PDF |
| FY2024 | $1.7M | $1.4M | $232K | $430K | 990 PDF |
| FY2023 | $1.4M | $1.3M | $32K | $198K | 990 PDF |
| FY2022 | $1.0M | $1.2M | −$240K | $167K | 990 PDF |
| FY2021 | $972K | $831K | $141K | $441K | 990 PDF |
| FY2020 | $648K | $768K | −$120K | $291K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $1,326,194 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 1 to look at
Part VIII · Statement of revenue $1,326,194 across 5 lines filed
Part IX · Statement of functional expenses $1,486,395 across 12 lines filed
Part X · Balance sheet $388,373 assets, 12 lines filed
Part XI · Reconciliation of net assets $269,708 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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