Elevar Foundation INC EIN 47-3853344 Form 990 (PDF) Claim this org

Elevar Foundation INC

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Transforms lives by offering educational music programs. For fiscal year 2025 it reported $239K in revenue, $198K in expenses, and $47K in net assets.Pt I

Founded
2015
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Boca Raton, FL
Website
www.elmaroliveiraivc.org
Filings
6 on file (2020–2025)
Revenue
$239KFY2025
Expenses
$198K
Net assets
$47K
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  47-3853344 Public charity (501(c)(3)) Boca Raton, FL Founded 2015
Form 990 (PDF)
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Size
$100K–1M
What they do
Transforms lives by offering educational music programs.
Leadership
Jill Arbetter · Executive Director · $60K
Money in and out
$239K revenue, $198K expenses
Bottom line
87% program efficiency
Where the money goes · FY2025
Total revenue
$239K
Pt VIII · Ln 12
Total expenses
$198K
Pt IX · Ln 25
Net assets
$47K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $41K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
6.1mo
months of highly liquid reserves at operating expense rate▲ ×15 vs prior filing year
Surplus margin
+17%
revenue over expenses, this year▲ +711% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$239K
FY2025▲ +54%
Expenses
$198K
FY2025▲ +24%
Total assets
$150K
FY2025▲ ×26
Total liabilities
$103K
FY2025
Revenue less expensesPt I · Ln 19$41K
Total assetsPt X · Ln 16$150K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CElevar Foundation INC
EINHdr · item D47-3853344
Principal addressHdr · item CBoca Raton, FL
WebsiteHdr · item Jwww.elmaroliveiraivc.org
Year of formationHdr · item L2015
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A68)
Ruling yearIRS BMFNov 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$60,000Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jill Arbetter’s $60K as Executive Director is at the 55th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jill Arbetter$60,000$60,000$47,670$43,559$41,140$45,173

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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Mission & Programs · Part III

Where the work happens

2 program services account for $173K of program spending, described in the organization's own filed words · FY2025.
01

The foundation is very active in the community, providing performaces free of charge to alzheimer care centers, hospitals, title 1 schools in underserved communities. Our laureates give free lessons and master classes to violin students either in person or online.

$173Kprogram expense
02

The elmar oliveira international violin competition supports and nutures its 1ST prize winner through contracted concert engagements throughout the united states; created and managed her website; acted as her liaison with the media; and arranged community engagement opportunities.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants100%$239K
Investment income$744
Total revenueLn 12$239K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$173K
Management & general13%$25K
Total functional expensesLn 25$198K

Balance Sheet

Part X · end of year
CashLn 1$100K
Total assetsLn 16$150K
Total liabilitiesLn 26$103K
Total net assetsLn 32$47K
Months of cash on handcomputed6.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $100K · Operating expenses/yr $198K
6.1 months
Where the money goes
Program services
Program services $173K · Total expenses $198K
87%
Management & General
Management & general $25K · Total expenses $198K
13%
Fundraising
Fundraising $0 · Total expenses $198K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $205K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $239K · Total revenue $239K
100%
Government reliance
Government grants — · Total revenue $239K
Earned-income share
Program service revenue $0 · Total revenue $239K
0%
Investment reliance
Investment income $744 · Total revenue $239K
+0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $198K
0%
Growth & trend
Revenue growth (YoY)
This year $239K · Prior year $156K
+54%
Revenue CAGR
FY2020 $282K · FY2025 $239K
-3%
Net-asset trend (YoY)
End of year $47K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $239K · Expenses $198K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $150K
Net-asset ratio
Net assets $47K · Total assets $150K
31%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $150K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jill Arbetter · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $60K · Total expenses $198K
30%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $73K · Total expenses $198K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Revenue growth 54%

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
Total grants receivedfrom 1 funder$17K

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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)$239K revenue · viewing · ⤓ 990 PDF
FY2024$156K revenue · ⤓ 990 PDF
FY2023$223K revenue · ⤓ 990 PDF
FY2022$259K revenue · ⤓ 990 PDF
FY2021$57K revenue · ⤓ 990 PDF
FY2020$282K 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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