Elev8hope INC EIN 90-0806545 Form 990 (PDF) Claim this org

Elev8hope INC

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Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).


Helps struggling families with children find support and hope. For fiscal year 2025 it reported $904K in revenue, $632K in expenses, and $1.3M in net assets.Pt I

Founded
2012
Type
Public charity (501(c)(3)) · Human Services
Location
Stuart, FL
Website
www.elev8hope.com
Filings
6 on file (2020–2025)
Revenue
$904KFY2025
Expenses
$632K
Net assets
$1.3M
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  90-0806545 Public charity (501(c)(3)) Stuart, FL Founded 2012
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps struggling families with children find support and hope.
Leadership
Rina Shpiruk · CEO · $139K
Money in and out
$904K revenue, $632K expenses
Bottom line
100% program efficiency
Where the money goes · FY2025
Total revenue
$904K
Pt VIII · Ln 12
Total expenses
$632K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $272K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
18.2mo
months of highly liquid reserves at operating expense rate▲ +42% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ +13% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$904K
FY2025▲ +1%
Expenses
$632K
FY2025▼ -4%
Total assets
$1.8M
FY2025▲ +14%
Total liabilities
$501K
FY2025▼ -8%
Revenue less expensesPt I · Ln 19$272K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CElev8hope INC
EINHdr · item D90-0806545
Principal addressHdr · item CStuart, FL
WebsiteHdr · item Jwww.elev8hope.com
Year of formationHdr · item L2012
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFAug 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$139,269Pt VII · Sec A
$2,520Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secratary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Rina Shpiruk’s $139K as CEO is at the 96th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Rina Shpiruk$139,269$184,691$126,673$117,057$80,000
Rina Shpiruk$184,691
Lyssa M Phifer$8,050
Mitchell Shpiruk$4,635
Trevor Shpiruk$2,520$4,296
Lyssa Phifer$1,500

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

1 program service account for $632K of program spending, described in the organization's own filed words · FY2025.
01

To provide support for Martin County residents and communities as needed, specifically related to food and housing instability.

$632Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$834K · 92%
Investment income$58K · 6%
Other revenue$13K · 1%
Contributions & grants92%$834K
Investment income6%$58K
Other revenue1%$13K
Total revenueLn 12$904K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$632K
Total functional expensesLn 25$632K

Balance Sheet

Part X · end of year
CashLn 1$961K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$501K
Total net assetsLn 32$1.3M
Months of cash on handcomputed18.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $961K · Operating expenses/yr $632K
18.2 months
Where the money goes
Program services
Program services $632K · Total expenses $632K
100%
Management & General
Management & general $0 · Total expenses $632K
0%
Fundraising
Fundraising $0 · Total expenses $632K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $794K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $834K · Total revenue $904K
92%
Government reliance
Government grants — · Total revenue $904K
Earned-income share
Program service revenue $0 · Total revenue $904K
0%
Investment reliance
Investment income $58K · Total revenue $904K
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $632K
0%
Growth & trend
Revenue growth (YoY)
This year $904K · Prior year $893K
+1%
Revenue CAGR
FY2020 $398K · FY2025 $904K
+18%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $904K · Expenses $632K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.3M · Total assets $1.8M
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rina Shpiruk · Reported title CEO · Highest reported compensation $139K · Total expenses $632K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $253K · Total expenses $632K
40%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 2 grants · $500 · 2024–2025
Unitemized GrantFY2025$250
Unitemized GrantFY2024$250

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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)$904K revenue · viewing · ⤓ 990 PDF
FY2024$893K revenue · ⤓ 990 PDF
FY2023$727K revenue · ⤓ 990 PDF
FY2022$902K revenue · ⤓ 990 PDF
FY2021$797K revenue · ⤓ 990 PDF
FY2020$398K 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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