Elev8hope INC FY2024 filing

Tax-deductible

Stuart, FL501(c)(3)Since 2012Human ServicesEIN 90-0806545

To provide support and hope to struggling families with school age children.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$386K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
6 of 6
filings with a surplus
Average surplus $207K a year · 27% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$386K
to officers and key staff · 59% of spending
Concern: pay to officers and key staff is 59% of spending; over 30%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $160K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$544K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$893K
+23% vs prior year
Spent
$656K
To programs
100%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$893K
FY2024▲ +23%
Revenue by fiscal year
FY2020$398K
FY2021$797K
FY2022$902K
FY2023$727K
FY2024$893K
FY2025$904K
Expenses
$656K
FY2024▲ +22%
Expenses by fiscal year
FY2020$324K
FY2021$695K
FY2022$534K
FY2023$538K
FY2024$656K
FY2025$632K
Net assets
$1.1M
FY2024▲ +28%
Net assets by fiscal year
FY2020$190K
FY2021$0
FY2022$660K
FY2023$839K
FY2024$1.1M
FY2025$1.3M

From the FY2024 Form 990 · 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 Aug 2012.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $656K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990; $386K paid to officers and key staff.

Part VII, Section A · reportable compensation
$184,691Pt VII · Sec A
$184,691Pt VII · Sec A
$8,050Pt VII · Sec A
$4,635Pt VII · Sec A
$4,296Pt VII · Sec A
$0Pt VII · Sec A
President
$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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps struggling families with children find support and hope.

Provided by the organization

This section is blank until Elev8hope INC claims this page.

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1 program service account for $656K of program spending, described in the organization's own filed words · FY2024.
01

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

$656Kprogram expense

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Funders

Who pays for it.

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

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$893K
Ln 12
Gifts and grantsLn 1h$835K
Investment incomeLn 3$47K
Other incomeLn 4–11$12K
Money outPt IX
$656K
Ln 25
Programscol B$656K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$697K
Total assetsLn 16$1.6M
LiabilitiesLn 26$544K
PeoplePt VI, VII
7
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$835K
Fundraising eventsLn 1c$297K
Investment incomeLn 3$47K
Other incomeLn 4–11$12K
Total revenueLn 12$893K
Assets in detailPt X, end of year
CashLn 1$697K
Cash and savings togetherLn 1–2$697K
Land, buildings, equipmentLn 10c$923K
Total assetsLn 16$1.6M
LiabilitiesLn 26$544K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 54
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$467K$697K
Land, buildings, equipmentLn 10c$962K$923K
Total assetsLn 16$1.4M$1.6M
LiabilitiesLn 26$590K$544K
Net assetsLn 32$839K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$300$300
Grants to domestic individualsLn 2$53K$53K
Pay of current officers, directors and key staffLn 5$185K$185K
Other salaries and wagesLn 7$81K$81K
Payroll taxesLn 10$20K$20K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$25K$25K
Office expensesLn 13$6K$6K
Information technologyLn 14$13K$13K
OccupancyLn 16$158K$158K
Conferences, conventions and meetingsLn 19$6K$6K
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$39K$39K
InsuranceLn 23$37K$37K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$656K$656K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $904K$632K$272K$1.3M 990 PDF
FY2024 Viewing $893K$656K$237K$1.1M 990 PDF
FY2023 $727K$538K$189K$839K 990 PDF
FY2022 $902K$534K$368K$660K 990 PDF
FY2021 $797K$695K$102K$0 990 PDF
FY2020 $398K$324K$74K$190K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $892,895 across 7 lines filed
VIII-1c Fundraising events$297,060
VIII-1f All other contributions, gifts and grants$537,650
VIII-1h Total contributions, gifts and grants$834,710
VIII-3 Investment incomeRelated to mission $46,663$46,663
VIII-6 Net rental income or lossRelated to mission $11,522$11,522
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $58,185 · Unrelated business $0 · Excluded from tax $0$892,895
Part IX · Statement of functional expenses $656,038 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $300$300
IX-2 Grants to domestic individualsPrograms $53,175$53,175
IX-5 Pay of current officers, directors and key staffPrograms $184,692$184,692
IX-7 Other salaries and wagesPrograms $81,075$81,075
IX-10 Payroll taxesPrograms $20,155$20,155
IX-11c Accounting feesPrograms $8,050$8,050
IX-11g Other fees for servicesPrograms $25,011$25,011
IX-13 Office expensesPrograms $6,419$6,419
IX-14 Information technologyPrograms $13,204$13,204
IX-16 OccupancyPrograms $157,973$157,973
IX-19 Conferences, conventions and meetingsPrograms $6,250$6,250
IX-20 InterestPrograms $17,679$17,679
IX-22 Depreciation, depletion and amortizationPrograms $38,663$38,663
IX-23 InsurancePrograms $37,445$37,445
IX-24 Other expenses (24a–d)Programs $5,947$5,947
IX-25 Total functional expensesPrograms $656,038 · Management $0 · Fundraising $0$656,038
Part X · Balance sheet $1,620,093 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $467,099$697,063
X-10c Land, buildings and equipment, netStart of year $961,693$923,030
X-16 Total assetsStart of year $1,428,792$1,620,093
X-26 Total liabilitiesStart of year $589,973$544,417
X-27 Net assets without donor restrictionsStart of year $838,819$1,075,676
X-32 Total net assets or fund balancesStart of year $838,819$1,075,676
X-33 Total liabilities and net assetsStart of year $1,428,792$1,620,093
Part XI · Reconciliation of net assets $1,075,676 net assets at year end
XI-1 Total revenue$892,895
XI-2 Total expenses$656,038
XI-3 Revenue less expenses$236,857
XI-4 Net assets at start of year$838,819
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,075,676

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

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