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

Elevar Foundation INC FY2020 filing

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Transforms lives by offering educational music programs. For fiscal year 2020 it reported $282K in revenue, $319K in expenses, and $44K 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 (2020–2020)
Revenue
$282KFY2020
Expenses
$319K
Net assets
$44K
People
5
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 · $45K
Money in and out
$282K revenue, $319K expenses
Bottom line
73% program efficiency
Where the money goes · FY2020
Total revenue
$282K
Pt VIII · Ln 12
Total expenses
$319K
Pt IX · Ln 25
Net assets
$44K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$37K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.21 Fundraising $0.06
Program efficiency
73%
of spending reaches programs
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$282K
FY2020
Expenses
$319K
FY2020
Total assets
$44K
FY2020
Total liabilities
$429
FY2020
Revenue less expensesPt I · Ln 19−$37K
Total assetsPt X · Ln 16$44K
Program-expense ratioPt IX · col B73%
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 12aYes
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
$45,173Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$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 $232K of program spending, described in the organization's own filed words · FY2020.
01

Since it's inaugural competition in 2017, the elmar oliveira international violin competition has supported and nurtured its first-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.

$232Kprogram expense
02

Elevar is very active in the community, providing performances free of charge at alzheimer's care centers, hospitals, title 1 schools in underserved communities. Additionally, our laureates frequently give free lessons and masterclasses to violin students either in person or online.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$280K · 99%
Program service revenue$2K · 1%
Contributions & grants99%$280K
Program service revenue1%$2K
Investment income$1
Total revenueLn 12$282K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.21 Fundraising $0.06
Program services73%$232K
Management & general21%$67K
Fundraising6%$20K
Total functional expensesLn 25$319K

Balance Sheet

Part X · end of year
CashLn 1$44K
Total assetsLn 16$44K
Total liabilitiesLn 26$429
Total net assetsLn 32$44K
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $44K · Operating expenses/yr $319K
1.7 months
Where the money goes
Program services
Program services $232K · Total expenses $319K
73%
Management & General
Management & general $67K · Total expenses $319K
21%
Fundraising
Fundraising $20K · Total expenses $319K
6%
Cost to raise $1
Fundraising expense $20K · Solicited contributions $280K
$0.07 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $280K · Total revenue $282K
99%
Government reliance
Government grants — · Total revenue $282K
Earned-income share
Program service revenue $2K · Total revenue $282K
0.7%
Investment reliance
Investment income $1 · Total revenue $282K
<0.01%
Program self-sufficiency
Program service revenue $2K · Total expenses $319K
0.7%
Growth & trend
Revenue growth (YoY)
This year $282K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $44K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $282K · Expenses $319K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $44K
Net-asset ratio
Net assets $44K · Total assets $44K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $44K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jill Arbetter · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $45K · Total expenses $319K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $58K · Total expenses $319K
18%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 21%
Fundraising cost ratio 7%
Legal fee ratio 0.08%

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 · ⤓ 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 · 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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