Overview
What is Elpis Enterprises?
Elpis Enterprises is a nonprofit organization situated in St. Paul, Minnesota, with a focus on supporting at-risk youth. In 2022, they assisted 28 trainees, offering them training and guidance, and continued to support over 30 graduates from previous years. Their social enterprise-based training program aided 28 individuals, leading to 77% achieving meaningful outcomes, such as securing employment or furthering their education. The organization also offers an Earn and Learn component, with two participants achieving meaningful outcomes in 2022, while the remaining four continued their placements into 2023. The organization reported high satisfaction rates, with 83% of trainees rating their experience as excellent or very good. Elpis Enterprises' mission is to foster youth employment and career pathway building through social enterprise.
Official website here: www.elipsenterprises.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating.
Elpis Enterprises has demonstrated a solid performance with a 78% overall score, reflecting its commitment to accountability and financial transparency. The organization excels in several areas, including having a fully independent board and a strong program expense ratio of 86.94%, indicating efficient use of funds toward its mission. Feedback from constituents has been overwhelmingly positive, highlighting effective practices and engagement with the community.
However, there are notable limitations in the governance policies of Elpis Enterprises. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy raises concerns about organizational oversight. While the charity has strong financial health and programmatic focus, these missing elements suggest a need for improvement in its governance framework to enhance its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Elpis Enterprises legitimate?
Elpis Enterprises is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elpis Enterprises 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: $68,848
Professional Fundraising Fees: $3,660
Other Salaries and Wages: $335,969
For more financial information, click here
Official website here: www.elipsenterprises.org
What is the mission statement of Elpis Enterprises?
Elpis Enterprises is dedicated to promoting youth employment and building career pathways through social enterprise. In 2022, they worked with 28 trainees who had faced challenges, such as homelessness or unstable housing, and provided guidance to over 30 graduates from previous years. Their social enterprise-based training program helped 77% of the trainees achieve meaningful outcomes, such as securing employment or furthering their education according to their career goals. Excluding a few who continued to address personal challenges, 93% of the trainees saw positive results. Additionally, Elpis helped trainees improve in various employment readiness skills, including confidence, community involvement, and public speaking, among others. Six trainees chose the Earn and Learn component, with two achieving meaningful outcomes by 2022, while the remaining four were set to complete their placements in 2023. Overall, the trainees rated their experience at Elpis highly, with 83% rating it as "Excellent" or "Very Good."
Official website here: www.elipsenterprises.org
Who is the CEO of Elpis Enterprises?
Paul Ramsour is the Chairman of Elpis Enterprises.
Official website here: www.elipsenterprises.org
What is the revenue of Elpis Enterprises?
Elpis Enterprises's revenue in 2022 was $482,362.
Official website here: www.elipsenterprises.org
Who are the executives of Elpis Enterprises and what are their salaries?
The average compensation at Elpis Enterprises during 2022 was $14,458. There are 28 employees and 24 volunteers at Elpis Enterprises.
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- Compensation: $68,848
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Official website here: www.elipsenterprises.org
Where can I find the form 990 for Elpis Enterprises?
Elpis Enterprises's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.elipsenterprises.org
Learn more at the official website: www.elipsenterprises.org
Mission Statement of Elpis Enterprises
Elpis Enterprises, a nonprofit organization, is dedicated to fostering youth employment and career pathway building through social enterprise. Their mission is to support young individuals who have experienced homelessness or unstable housing, providing them with the necessary skills and guidance to secure employment and further their education. In 2022, Elpis Enterprises worked with 28 trainees, helping 77% of them achieve meaningful outcomes such as securing employment or continuing their education. The organization also focused on improving 12 employment readiness skills identified by the U.S. Department of Labor, with notable improvements reported in areas like confidence, community involvement, and public speaking. The program was well-received by its participants, with 83% rating their experience at Elpis Enterprises as excellent or very good.
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Impact
July, 2024
Elpis Enterprises has a significant impact on fostering youth employment and building career pathways through its social enterprise program. In 2022, the organization worked with 28 trainees who came from backgrounds that put them at risk for homelessness or unstable housing. Among these trainees, 77% achieved meaningful outcomes such as securing immediate employment or continuing their education towards their career goals. Excluding those facing significant challenges, this percentage increased to 93%.
Furthermore, 80% of the trainees demonstrated improvement in essential employment readiness skills, as outlined by the U.S. Department of Labor. The program also reported statistically significant improvements in trainees' confidence levels, community engagement skills, and public speaking abilities. Additionally, there was an increase in the number of trainees who felt they had a supportive adult to talk to when facing problems.
Regarding the Earn and Learn component, six trainees opted for this opportunity in 2022, with two completing the placement successfully and achieving meaningful outcomes. For the remaining four trainees, their placement would continue into the following year.
Overall, trainees who completed Elpis Enterprises' program in 2022 rated their experience highly, with 83% describing it as "Excellent" or "Very Good." This feedback underscores the organization's effectiveness in supporting youth in gaining valuable skills, employment opportunities, and a sense of empowerment for their future careers.
This information is meant to be a general summary of Elpis Enterprises. 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: $734,117
Assets and Liabilities:
- Total Assets: $287,555
- Total Liabilities: $21,238
- Net Assets: $266,317
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Organization Details
Founding Year
2002
Phone
(651) 644-5080Principal Officer
Paul Ramsour
Main Address
2161 University Avenue West STE 112, St Paul, MN, 55114
Website
www.elipsenterprises.orgNTEE Category
Code: P30 - Human services
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