Elevate Edgerton INC FY2022 filing

Not tax-deductible

Edgerton, KS501(c)(6)Community DevelopmentEIN 81-4464833Revenue $214K in FY2022

On file with the IRSelevateedgerton.com30750 W 193rd St, 66030-7704 · Edgerton, KSTax-exempt since Mar 2018

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Serve as the proactive advocate for economic advancement of the tenants in and partners of the logistics park kansas city

30¢ of each $1 spent went to programs.
$120K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $5K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
30%
of spending
Concern: 30% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 52% of spending
Concern: pay to officers and key staff is 52% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$214K
+4% vs prior year
Spent
$229K
To programs
30%
Net assets
$48K
By yearFY2019–FY2024
Revenue
$214K
FY2022▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2019$144K
FY2020$215K
FY2021$206K
FY2022$214K
FY2023$206K
FY2024$220K
Expenses
$229K
FY2022▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2019Not on file
FY2020$188K
FY2021$188K
FY2022$229K
FY2023$217K
FY2024$213K
Net assets
$48K
FY2022▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2019−$33K
FY2020$46K
FY2021$63K
FY2022$48K
FY2023$37K
FY2024$44K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

30 cents of each dollar spent went to programs.

Program services 30% · $69K Management & general 70% · $160K

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

12 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Tr
$119,666Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Ex Officio
$0Pt VII · Sec A

James Oltman’s $133K as President/Tr is at the 87th percentile of top reported officer pay among 1709 $100K–1M community development 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

NameFY2024FY2023FY2022FY2021FY2020FY2019
James Oltman$132,763$128,043$119,666$114,177$117,815$104,323

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for economic advancement of tenants and partners.

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Provided by the organization

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2 programs · in their own filed words · FY2022
01

Investor meetings held to foster relationships between current, future and potential tenants of the park as well as current, future and potential partners of the park.

Pt IX · col B
02

Marketing and promotional services provided to current tenants, as well as promotion of the logistics park in general.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$214K
Ln 12
Gifts and grantsLn 1h$214K
Investment incomeLn 3$8
Money outPt IX
$229K
Ln 25
Programscol B$69K
Managementcol C$160K
Owns and owesPt X
$48K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$54K
LiabilitiesLn 26$7K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$214K
Investment incomeLn 3$8
Total revenueLn 12$214K
Assets in detailPt X, end of year
CashLn 1$30K
SavingsLn 2$24K
Cash and savings togetherLn 1–2$54K
Land, buildings, equipmentLn 10c$87
Total assetsLn 16$54K
LiabilitiesLn 26$7K
Net assetsLn 32$48K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$70K$54K
Land, buildings, equipmentLn 10c$87$87
Total assetsLn 16$70K$54K
LiabilitiesLn 26$6K$7K
Net assetsLn 32$63K$48K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$120K$120K
Pension plan contributionsLn 8$4K$4K
Payroll taxesLn 10$10K$10K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$63K$63K
Office expensesLn 13$2K$2K
TravelLn 17$15K$15K
InsuranceLn 23$559$559
Other expenses (24a–d)Ln 24$11K$6K$5K
All other expensesLn 24e$40$40
Total functional expensesLn 25$229K$69K$160K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $220K$213K$7K$44K 990 PDF
FY2023 $206K$217K−$11K$37K 990 PDF
FY2022 Viewing $214K$229K−$15K$48K 990 PDF
FY2021 $206K$188K$17K$63K 990 PDF
FY2020 $215K$188K$27K$46K 990 PDF
FY2019 $144K−$33K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $213,844 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $205,595$213,836
I-9 Program service revenue$0
I-10 Investment incomePrior year $48$8
I-11 Other revenue$0
I-12 Total revenuePrior year $205,643$213,844
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $127,550$133,565
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $60,634$95,663
I-18 Total expensesPrior year $188,184$229,228
I-19 Revenue less expensesPrior year $17,459−$15,384
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $213,844 across 4 lines filed
VIII-1b Membership dues$213,836
VIII-1h Total contributions, gifts and grants$213,836
VIII-3 Investment incomeRelated to mission $8$8
VIII-12 Total revenueRelated to mission $8$213,844
Part IX · Statement of functional expenses $229,228 across 10 lines filed
IX-7 Other salaries and wagesManagement $119,666$119,666
IX-8 Pension plan contributionsManagement $4,367$4,367
IX-10 Payroll taxesManagement $9,532$9,532
IX-11c Accounting feesManagement $4,408$4,408
IX-12 Advertising and promotionPrograms $62,600$62,600
IX-13 Office expensesManagement $2,291$2,291
IX-17 TravelManagement $14,826$14,826
IX-23 InsuranceManagement $559$559
IX-24 Other expenses (24a–d)Programs $6,148 · Management $4,791$10,939
IX-24e All other expensesManagement $40$40
IX-25 Total functional expensesPrograms $68,748 · Management $160,480 · Fundraising $0$229,228
Part X · Balance sheet $54,392 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $48,185$30,457
X-2 Savings and temporary cash investmentsStart of year $21,340$23,848
X-10c Land, buildings and equipment, netStart of year $87$87
X-16 Total assetsStart of year $69,612$54,392
X-17 Accounts payable and accrued expensesStart of year $6,433$6,597
X-26 Total liabilitiesStart of year $6,433$6,597
X-32 Total net assets or fund balancesStart of year $63,179$47,795
X-33 Total liabilities and net assetsStart of year $69,612$54,392
Part XI · Reconciliation of net assets $47,795 net assets at year end
XI-1 Total revenue$213,844
XI-2 Total expenses$229,228
XI-3 Revenue less expenses−$15,384
XI-4 Net assets at start of year$63,179
XI-10 Net assets at end of year$47,795

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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