Overview
What is Elevation Scholars Inc?
Elevation Scholars Inc, located in Orlando, Florida, is a dedicated nonprofit organization that invests in high-achieving students from underserved communities. These students have demonstrated a significant impact on their communities and require financial support to attend some of the nation's most competitive colleges and universities. With a committed workforce of 12 individuals, Elevation Scholars Inc offers assistance throughout their academic journey, ensuring their success in higher education. The organization's mission is to nurture and empower these talented students, ultimately contributing to a more diverse and knowledgeable society.
Official website here: www.theelevationscholars.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating. This high rating reflects Elevation Scholars Inc's strong performance in accountability and finance, where it scored 96%. The organization demonstrates exemplary governance with 100% independent board members and robust financial oversight processes. The absence of material diversions of assets and a solid liabilities-to-assets ratio indicate prudent financial management.
In terms of program efficiency, Elevation Scholars Inc allocates approximately 78.66% of its expenses directly to programs, which is a positive indicator of its commitment to fulfilling its mission. The charity also excels in collecting and utilizing constituent feedback, scoring a perfect 100% in this area. This suggests a strong connection with the community it serves and a responsiveness to their needs.
However, while the organization shows strength in many areas, its equity strategies and data collection could be improved, scoring 81 out of 100 and 2 out of 7 respectively. This indicates potential areas for development in addressing equity and inclusion practices within its operations. Overall, Elevation Scholars Inc stands out as a well-managed nonprofit with a strong community focus, though there are opportunities to enhance its equity efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Elevation Scholars Inc legitimate?
Elevation Scholars Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elevation Scholars Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $497,683
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.theelevationscholars.org/
What is the mission statement of Elevation Scholars Inc?
Elevation Scholars Inc, as an organization, focuses on investing in high-achieving students who come from economically disadvantaged backgrounds and have demonstrated significant community impact. Their mission is to assist these students in gaining admission to and successfully completing their education at some of the most competitive colleges and universities in the nation. By providing necessary resources and support, Elevation Scholars Inc empowers these students to reach their fullest potential and contribute positively to their communities upon graduation.
Official website here: www.theelevationscholars.org/
Who is the CEO of Elevation Scholars Inc?
Scott Lee is the Chairman of Elevation Scholars Inc.
Official website here: www.theelevationscholars.org/
What is the revenue of Elevation Scholars Inc?
Elevation Scholars Inc's revenue in 2022 was $1,003,250.
Official website here: www.theelevationscholars.org/
Who are the executives of Elevation Scholars Inc and what are their salaries?
The average compensation at Elevation Scholars Inc during 2022 was $41,474. There are 12 employees and 110 volunteers at Elevation Scholars Inc.
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- Compensation: $78,577
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Official website here: www.theelevationscholars.org/
Where can I find the form 990 for Elevation Scholars Inc?
Elevation Scholars Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theelevationscholars.org/
Learn more at the official website: www.theelevationscholars.org/
Mission Statement of Elevation Scholars Inc
Elevation Scholars Inc is an organization that invests in high-achieving students from disadvantaged backgrounds who have demonstrated a significant impact in their communities. Its mission is to support these students in gaining admission to and successfully completing some of the nation's most competitive colleges and universities. By providing financial assistance and resources, Elevation Scholars Inc aims to help these students overcome the barriers often associated with their socio-economic status and achieve their academic goals. The organization believes that these students have the potential to make a significant impact in their communities and beyond, and by investing in their education, they can contribute to a more diverse and equitable society.
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Impact
July, 2024
Elevation Scholars Inc's impact lies in its strategic investment in high-need, high-achieving students who have demonstrated significant community impact. By providing support to these students, the organization helps them navigate and succeed in the nation's most competitive colleges and universities. In doing so, Elevation Scholars Inc not only transforms the lives of these individuals but also contributes to building a more diverse and talented pool of future leaders in various fields.
This information is meant to be a general summary of Elevation Scholars Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $1,003,250
Assets and Liabilities:
- Total Assets: $488,218
- Total Liabilities: $321,363
- Net Assets: $166,855
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Organization Details
Founding Year
2014
Phone
(407) 215-1350Principal Officer
Scott Lee
Main Address
201 E PINE STREET SUITE 200, ORLANDO, FL, 32801
NTEE Category
Code: P20 - Human services
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