Elevate Louisville INC

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One core belief we believe that every child is of great worth and has the desire and potential to succeed

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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
1 of 2
filings with a surplus
Average surplus $16K a year · 9% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $185K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$9K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$201K
+56% vs prior year
Spent
$285K
To programs
72%
Net assets
$44K
By yearFY2023–FY2024
Revenue
$201K
FY2024▲ +56%
Tap a bar for its year
Revenue by fiscal year
FY2023$129K
FY2024$201K
Expenses
$285K
FY2024▲ ×21
Tap a bar for its year
Expenses by fiscal year
FY2023$14K
FY2024$285K
Net assets
$44K
FY2024▼ -60%
Tap a bar for its year
Net assets by fiscal year
FY2023$110K
FY2024$44K

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2023.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $205K Management & general 28% · $79K Fundraising 0% · $1K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Elevate Louisville INC executive salaries →

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

Empowers children to reach their full potential and succeed.

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1 program · in their own filed words · FY2023
01

One Core Belief

We believe that every child is of great worth and

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 · FY2024
Elevate USAFY2024$50K
Total grants receivedfrom 6 funders$185K
See all 6 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$201K
Ln 12
Fees for servicesLn 2g$168K
Gifts and grantsLn 1h$34K
Money outPt IX
$285K
Ln 25
Programscol B$205K
Managementcol C$79K
Fundraisingcol D$1K
Owns and owesPt X
$44K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$54K
LiabilitiesLn 26$9K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Fees for servicesLn 2g$168K
Total revenueLn 12$201K
Assets in detailPt X, end of year
CashLn 1$54K
Cash and savings togetherLn 1–2$54K
Total assetsLn 16$54K
LiabilitiesLn 26$9K
Net assetsLn 32$44K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
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$117K$54K
Total assetsLn 16$117K$54K
LiabilitiesLn 26$7K$9K
Net assetsLn 32$110K$44K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$142K$112K$29K
Other employee benefitsLn 9$21K$17K$4K
Payroll taxesLn 10$46K$37K$9K
Accounting feesLn 11c$1K$1K
Professional fundraising feesLn 11e$1K$1K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$3K$1K$2K
OccupancyLn 16$9K$9K
TravelLn 17$3K$531$2K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$41K$17K$24K
Other expenses (24a–d)Ln 24$75$75
All other expensesLn 24e$13K$9K$4K
Total functional expensesLn 25$285K$205K$79K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Feb 5, 2025 $201K$285K−$84K$44K 990 PDF
FY2023Filed with the IRS Jan 30, 2024 $129K$14K$115K$110K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $201,251 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $128,825$33,518
I-9 Program service revenue$167,733
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $128,825$201,251
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $8,285$208,994
I-16a Professional fundraising fees$1,000
I-17 Other expensesPrior year $5,575$75,017
I-18 Total expensesPrior year $13,860$285,011
I-19 Revenue less expensesPrior year $114,965−$83,760
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $201,251 across 5 lines filed
VIII-1f All other contributions, gifts and grants$19,000
VIII-1h Total contributions, gifts and grants$33,518
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $167,733$167,733
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $167,733$201,251
Part IX · Statement of functional expenses $285,011 across 13 lines filed
IX-7 Other salaries and wagesPrograms $112,413 · Management $29,402$141,815
IX-9 Other employee benefitsPrograms $17,123 · Management $4,275$21,398
IX-10 Payroll taxesPrograms $36,621 · Management $9,160$45,781
IX-11c Accounting feesManagement $1,136$1,136
IX-11e Professional fundraising feesFundraising $1,000$1,000
IX-12 Advertising and promotionManagement $1,910$1,910
IX-13 Office expensesPrograms $1,120 · Management $1,978$3,098
IX-16 OccupancyPrograms $9,250$9,250
IX-17 TravelPrograms $531 · Management $2,465$2,996
IX-19 Conferences, conventions and meetingsPrograms $1,901$1,901
IX-23 InsurancePrograms $17,113 · Management $24,367$41,480
IX-24 Other expenses (24a–d)Management $75$75
IX-24e All other expensesPrograms $9,372 · Management $3,799$13,171
IX-25 Total functional expensesPrograms $205,444 · Management $78,567 · Fundraising $1,000$285,011
Part X · Balance sheet $53,583 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $116,517$53,583
X-16 Total assetsStart of year $116,517$53,583
X-17 Accounts payable and accrued expensesStart of year $6,732$9,250
X-26 Total liabilitiesStart of year $6,732$9,250
X-31 Retained earnings or endowmentStart of year $109,785$44,333
X-32 Total net assets or fund balancesStart of year $109,785$44,333
X-33 Total liabilities and net assetsStart of year $116,517$53,583
Part XI · Reconciliation of net assets $44,333 net assets at year end
XI-1 Total revenue$201,251
XI-2 Total expenses$285,011
XI-3 Revenue less expenses−$83,760
XI-4 Net assets at start of year$109,785
XI-10 Net assets at end of year$44,333

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

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