Elevate Ccic INC FY2022 filing

Mattoon, IL · Public charity (501(c)(3)) · Employment

✓ Tax-deductible Latest data FY2022
Revenue
$284K
▼ -1% vs prior year
Spent
$312K
To programs
71%
Net assets
$133K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending June 2022 (IRS tax year 2021).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
2 funders, incl. Grand Victoria Foundation
$65K in the latest grant year.
Spent on programs?
71% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -1% vs prior year
Legal name (IRS)Hdr · item CElevate Ccic INC
EINHdr · item D83-4419893
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2019
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CMattoon, IL
NTEE classificationIRS BMFEmployment (J03)
WebsiteHdr · item Jelevate217.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$222K
Management & general29%$90K
Total functional expensesLn 25$312K

Financial health

Revenue & expenses by yearFY2021–FY2025
Revenue
$284K
FY2022▼ -1%
Expenses
$312K
FY2022▲ +38%
Program efficiency
71%
of spending reaches programs
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$135K
FY2022▼ -23%
Total liabilities
$2K
FY2022▼ -87%
Revenue less expensesPt I · Ln 19−$28K
Total assetsPt X · Ln 16$135K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$135K
Total assetsLn 16$135K
Total liabilitiesLn 26$2K
Total net assetsLn 32$133K
Months of cash on handcomputed5.2

Statement of Revenue

Part VIII
Contributions & grants$231K · 81%
Other revenue$29K · 10%
Program service revenue$24K · 8%
Contributions & grants81%$231K
Other revenue10%$29K
Program service revenue8%$24K
Investment income$61
Total revenueLn 12$284K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $135K · Operating expenses (Pt IX) $312K · Less non-cash grants $75K · Cash operating expenses/yr $237K
6.8 months
Where the money goes
Program services
Program services $222K · Total expenses $312K
71%
Management & General
Management & general $90K · Total expenses $312K
29%
Fundraising
Fundraising $0 · Total expenses $312K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $243K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $231K · Total revenue $284K
81%
Government reliance
Government grants — · Total revenue $284K
—
Earned-income share
Program service revenue $24K · Total revenue $284K
8%
Investment reliance
Investment income $61 · Total revenue $284K
+0.02%
Program self-sufficiency
Program service revenue $24K · Total expenses $312K
8%
Growth & trend
Revenue growth (YoY)
This year $284K · Prior year $288K
-1%
Net-asset trend (YoY)
End of year $133K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $284K · Expenses $312K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $135K
—
Net-asset ratio
Net assets $133K · Total assets $135K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $135K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Blake Pierce · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $312K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $90K · Total expenses $312K
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%——
Overhead ratio 29%——
Fundraising cost ratio 0%——
Revenue growth -1%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Carlos Ortega’s $46K as Executive Director is at the 50th percentile of top reported officer pay among 1217 $100K–1M employment 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.

See Elevate Ccic INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
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 2No

Mission and programs

Fosters small business growth with co-working, resources, and educational partnerships.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $222K of program spending, described in the organization's own filed words · FY2021.
01

The center has partnered with lisc rural, grand victoria foundation, lisc rural navigator B2B to assist local businesses.

$222Kprogram expense
02

The center had several new businesses go through the various programs offered by elevate ccic, inc.

Pt IX · col B
03

Assisted several businesses in obtaining the B2B grants due to COVID-19.

Pt IX · col B

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Coles TogetherFY2022$20K
Total grants receivedfrom 2 funders$65K

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $194K$200K+4% 990 PDF
FY2024 $187K$244K-15% 990 PDF
FY2023 $219K$274K-23% 990 PDF
FY2022 Viewing $284K$312K-1% 990 PDF
FY2021 $288K$226K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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