Elevate Inc
- Assets
- $1.2m
- Revenue
- $846.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Aledo, TX
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-4385618
Organization Overview
Elevate Inc is located in Aledo, TX. The organization was established in 2006. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Elevate Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevate Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Elevate Inc generated $846.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $613.3k during the year ending 12/2021. While expenses have increased by 10.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MINISTER AROUND THE WORLD BY PREACHING, SPEAKING, PUBLISHING AND MISSION PROJECTS ENCOURAGING AND CONNECTING PEOPLE WITH THEIR UNIQUE DESTINY AND IDENTITY IN CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MINISTRY LED AND SUPPORTED MISSION OPERATIONS IN THE US AND ABROAD, LED DISCIPLESHIP PROGRAMS AND RETREATS FOR MEN, WOMEN AND COUPLES, PREACHED AND TAUGHT LIFE CHANGING MESSAGES THROUGOUT THE UNITED STATES. PROVIDED FOOD AND SUPPORT FOR MINISTRY IN HONDURAS AS WELL AS OTHER LOCAL MINISTRIES AND OUTREACHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Owings President | Officer | 40 | $67,000 |
Leslie Owings Director | Trustee | 40 | $38,640 |
Jimmy James Director | Trustee | 5 | $0 |
Steve Martinez Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $703,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $703,491 |
| Total Program Service Revenue | $135,549 |
| Investment income | $47 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,610 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $846,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,650 |
| Grants and other assistance to domestic individuals. | $45,390 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,300 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,240 |
| Compensation of current officers, directors, key employees. | $19,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,235 |
| Payroll taxes | $2,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $857 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,271 |
| Advertising and promotion | $1,991 |
| Office expenses | $20,796 |
| Information technology | $17,259 |
| Royalties | $5,948 |
| Occupancy | $28,430 |
| Travel | $5,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $22,376 |
| Total functional expenses | $613,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,930 |
| Savings and temporary cash investments | $823,288 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $890 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,100 |
| Total assets | $1,207,208 |
| Accounts payable and accrued expenses | $15,698 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,698 |
| Net assets without donor restrictions | $1,191,510 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,207,208 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elevate Inc has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Foundation For Christian Ministries Inc Tampa, FL | | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Christian Center Of Santa Ana Inc Fort Worth, TX | $220,989,355 | $120,975,345 |
Central Missionary Clearinghouse Inc Houston, TX | $6,419,067 | $44,656,736 |
Parish Episcopal School Dallas, TX | $99,531,938 | $38,441,453 |
Omega Charitable Developers Inc Houston, TX | $6,275,678 | $33,763,984 |
Rightnow Ministries International McKinney, TX | $45,408,215 | $33,884,225 |
Newman International Academy Arlington, TX | $46,580,877 | $32,428,105 |
Pine Cove Inc Tyler, TX | $43,410,564 | $33,919,246 |
Interfaith Ministries For Greater Houston Houston, TX | $17,611,753 | $29,868,273 |
Bible Study Fellowship San Antonio, TX | $20,886,435 | $27,831,196 |
Hosanna Albuquerque, NM | $66,066,591 | $27,487,086 |
Apartment Life Inc Bedford, TX | $5,807,926 | $23,558,847 |
Liberty Educational Ministries Inc Argyle, TX | $56,879,806 | $25,424,585 |