To encourage, connect and grow small and startup businesses in the region by creating a mixed-use co-working space that provides resources and opportunities to empower success. Working with other not for profits to assist with education opportunities to develope economic growth. The entity has partnered with classe, which is a high school entrepreneurial class for the surrounding area.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $17K a year · 7% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $65K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$100K
84% of total assets
Concern: liabilities are 84% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$187K
-15% vs prior year
Spent
$244K
To programs
82%
Net assets
$20K
By yearFY2021–FY2025
Revenue
$187K
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2021$288K
FY2022$284K
FY2023$219K
FY2024$187K
FY2025$194K
Expenses
$244K
FY2024▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2021$226K
FY2022$312K
FY2023$274K
FY2024$244K
FY2025$200K
Net assets
$20K
FY2024▼ -74%
Tap a bar for its year
Net assets by fiscal year
FY2021$161K
FY2022$133K
FY2023$77K
FY2024$20K
FY2025$14K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2019.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $199K Management & general 18% · $45K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 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
$0Pt VII · Sec A
Director
$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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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 15aNo

Programs and updates

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

Questions for Elevate Ccic INC

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Provided by the organization

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3 programs · $199K · in their own filed words · FY2023
01

The center has partnered with lisc rural, grand victoria foundation.

$199Kprogram expense
02

We have partnered with google for google certificates for it training. The applicant will be certified once they have completed the training.

Pt IX · col B
03

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

Pt IX · col B

Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$187K
Ln 12
Gifts and grantsLn 1h$130K
Other incomeLn 4–11$40K
Fees for servicesLn 2g$17K
Money outPt IX
$244K
Ln 25
Programscol B$199K
Managementcol C$45K
Owns and owesPt X
$20K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$120K
LiabilitiesLn 26$100K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$130K
Noncash giftsLn 1g$72K
Fees for servicesLn 2g$17K
Investment incomeLn 3$16
Other incomeLn 4–11$40K
Total revenueLn 12$187K
Assets in detailPt X, end of year
CashLn 1$20K
Cash and savings togetherLn 1–2$20K
Total assetsLn 16$120K
LiabilitiesLn 26$100K
Net assetsLn 32$20K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$79K$20K
Total assetsLn 16$179K$120K
LiabilitiesLn 26$102K$100K
Net assetsLn 32$77K$20K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$29K$29K
Other salaries and wagesLn 7$12K$12K
Payroll taxesLn 10$3K$3K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$2K$2K
Information technologyLn 14$4K$4K
OccupancyLn 16$89K$89K
TravelLn 17$4K$4K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$84K$84K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$244K$199K$45K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $194K$200K−$6K$14K 990 PDF
FY2024 Viewing $187K$244K−$57K$20K 990 PDF
FY2023 $219K$274K−$56K$77K 990 PDF
FY2022 $284K$312K−$28K$133K 990 PDF
FY2021 $288K$226K$62K$161K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $186,611 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $153,632$130,048
I-9 Program service revenuePrior year $20,375$16,762
I-10 Investment incomePrior year $18$16
I-11 Other revenuePrior year $44,514$39,785
I-12 Total revenuePrior year $218,539$186,611
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $73,921$45,107
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $200,347$198,891
I-18 Total expensesPrior year $274,268$243,998
I-19 Revenue less expensesPrior year −$55,729−$57,387
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $186,611 across 6 lines filed
Lines not itemized here account for $16,762 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$130,048
VIII-1g Noncash contributions (included above)$72,260
VIII-1h Total contributions, gifts and grants$130,048
VIII-3 Investment incomeRelated to mission $16$16
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $39,785$39,785
VIII-12 Total revenueRelated to mission $56,563 · Unrelated business $0 · Excluded from tax $0$186,611
Part IX · Statement of functional expenses $243,998 across 11 lines filed
IX-5 Pay of current officers, directors and key staffManagement $29,259$29,259
IX-7 Other salaries and wagesManagement $12,468$12,468
IX-10 Payroll taxesManagement $3,380$3,380
IX-12 Advertising and promotionPrograms $10,135$10,135
IX-13 Office expensesPrograms $1,797$1,797
IX-14 Information technologyPrograms $3,974$3,974
IX-16 OccupancyPrograms $89,292$89,292
IX-17 TravelPrograms $3,785$3,785
IX-23 InsurancePrograms $4,487$4,487
IX-24 Other expenses (24a–d)Programs $83,955$83,955
IX-24e All other expensesPrograms $1,466$1,466
IX-25 Total functional expensesPrograms $198,891 · Management $45,107 · Fundraising $0$243,998
Part X · Balance sheet $119,875 assets, 7 lines filed
Asset lines not itemized here account for $100,017; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $79,114$19,858
X-16 Total assetsStart of year $179,121$119,875
X-24 Unsecured notes and loans payableStart of year $100,000$100,000
X-25 Other liabilitiesStart of year $1,999$140
X-26 Total liabilitiesStart of year $101,999$100,140
X-32 Total net assets or fund balancesStart of year $77,122$19,735
X-33 Total liabilities and net assetsStart of year $179,121$119,875
Part XI · Reconciliation of net assets $19,735 net assets at year end
XI-1 Total revenue$186,611
XI-2 Total expenses$243,998
XI-3 Revenue less expenses−$57,387
XI-4 Net assets at start of year$77,122
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,735

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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