Overview
What is Elevate Lives?
Elevate Lives is a nonprofit organization situated in Springfield, Missouri. Its primary objective is to alleviate poverty, either directly or indirectly, by providing aid to families in need. The organization exhibits flexibility in its approach, adjusting its focus to various methods to address poverty concerns. Elevate Lives employs a faith-centered approach, aiming to guide the working poor towards becoming self-sufficient and valuable members of society. By fostering a transformative community, this nonprofit organization helps break the cycle of poverty one family at a time.
Official website here: www.elevatelives.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (58%)
Elevate Lives has received a one-star rating from Charity Navigator, indicating significant concerns in its accountability and financial practices. With an overall score of 58%, the organization lacks independent board members and has not provided essential financial statements, which raises transparency issues. The absence of a whistleblower policy and document retention practices further highlights deficiencies in governance.
On a more positive note, the organization demonstrates a strong program expense ratio of nearly 87%, suggesting that a majority of its funds are directed towards its programs. Additionally, it has been noted that there has been no material diversion of assets, reflecting some level of integrity in its financial dealings. The organization has also listed its website on its tax form and maintains a conflict of interest policy.
Despite these strengths, the critical gaps in governance and financial transparency underscore the need for Elevate Lives to improve its practices significantly. Without addressing these limitations, the organization may face challenges in building trust and credibility with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Elevate Lives legitimate?
Elevate Lives is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elevate Lives 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: $54,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.elevatelives.org
What is the mission statement of Elevate Lives?
Elevate Lives, as an organization, aims to eradicate poverty on a family-by-family basis. They achieve this goal by guiding the working poor towards becoming self-sufficient and active contributors to society through a faith-driven approach and transformative community. The organization's approach is flexible, adjusting its focus to various methods of aiding those in poverty, either directly or indirectly. Its primary objective is to assist individuals struggling with poverty, operating in multiple locations, primarily within the United States, but also extending its reach to other countries when necessary.
Official website here: www.elevatelives.org
Who is the CEO of Elevate Lives?
Sharon L Gosselin is the Secretary of Elevate Lives. The CEO's salary of Elevate Lives is $54,862 and their total compensation is $54,862.
Official website here: www.elevatelives.org
What is the revenue of Elevate Lives?
Elevate Lives's revenue in 2022 was $1,112,540.
Official website here: www.elevatelives.org
Who are the executives of Elevate Lives and what are their salaries?
There 2 volunteers at Elevate Lives.
Here are 6 key members and their salaries (Elevate Lives's CEO's salary is $54,862 and their total compensation is $54,862):
- Compensation: $54,862
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.elevatelives.org
Where can I find the form 990 for Elevate Lives?
Elevate Lives's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.elevatelives.org
Learn more at the official website: www.elevatelives.org
Mission Statement of Elevate Lives
Elevate Lives, a nonprofit organization, is dedicated to eradicating poverty one family at a time. Their mission is to guide the working poor towards becoming self-sufficient and valuable members of society. They accomplish this through a faith-based approach and a transformative community. Elevate Lives believes in helping those in need, whether directly or indirectly, and may adjust its strategies to best serve the impoverished. The organization's ultimate goal is to assist individuals in overcoming poverty, ultimately contributing positively to society.
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Impact
July, 2024
Elevate Lives's impact is profound as it successfully leads the working poor towards thriving and contributing to society. Through a faith-centered approach and transformation community, Elevate Lives helps families in poverty overcome their challenges and build a better future. Their work transcends geographical boundaries, spreading hope and support to those in need both in the United States and abroad. This organization's commitment to eradicating poverty on a family-by-family basis is truly inspiring.
This information is meant to be a general summary of Elevate Lives. 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.
- Investment Income: $4
- Gross Receipts: $1,184,323
Assets and Liabilities:
- Total Assets: $2,085,868
- Total Liabilities: $995,216
- Net Assets: $1,090,652
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Organization Details
Founding Year
2016
Phone
(719) 491-1535Principal Officer
Sharon L Gosselin
Main Address
2201 N Jefferson Ave, Springfield, MO, 65803
Website
www.elevatelives.orgNTEE Category
Code: P80 - Human services
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