Elevated Thought Foundation Inc
- Assets
- $374.1k
- Revenue
- $616.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Lawrence, MA
- Founding
- 01/2011
- Data as of
- 12/2020
- EIN
- 27-3519031
Organization Overview
Elevated Thought Foundation Inc is located in Lawrence, MA. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2020, Elevated Thought Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevated Thought Foundation 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 12/2020, Elevated Thought Foundation Inc generated $616.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.4% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
AN ART & SOCIAL JUSTICE ORGANIZATION THAT SERVES & DEVELOPES COMMUNITIES THROUGH YOUTH EMPOWERMENT CURRICULUM, BEAUTIFICATION PROJECTS, YOUTH ORGANIZING AND PUBLIC OUTREACH. PROVIDE OPPORTUNITIES FOR YOUTHS & COMMUNITIES TO EXPAND UNDERSTANDING OR ART'S LIBERATING POWER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH PROGRAM CITY OF LAWRENCE
BEAUTIFICATION PROJECT
YOUTH PROGRAM CITY OF LAWRENCE
YOUTH PROGRAM CITY OF LAWRENCE
BEAUTIFICATION PROJECT
YOUTH PROGRAM CITY OF LAWRENCE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marquis Victor Executive Di | 40 | $107,746 | |
Corina Cornejo Vice Chair | Officer | 1 | $0 |
Jessica Vilas-Novas Board Chair | Officer | 20 | $0 |
Anil Dacosta Director | Trustee | 1 | $0 |
Walki Manzueta Director | Trustee | 1 | $0 |
Lorie Mendoza Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $595,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $609,150 |
| Total Program Service Revenue | $7,449 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $616,599 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,990 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,245 |
| Payroll taxes | $14,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $2,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,011 |
| Advertising and promotion | $772 |
| Office expenses | $5,765 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,382 |
| Travel | $2,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,727 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,887 |
| Insurance | $1,478 |
| All other expenses | $0 |
| Total functional expenses | $325,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,218 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,763 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $37,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $374,082 |
| Accounts payable and accrued expenses | $17 |
| 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 | $40,955 |
| Other liabilities | $435 |
| Total liabilities | $41,407 |
| Net assets without donor restrictions | $332,675 |
| 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 | $374,082 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Elevated Thought Foundation Inc has recieved totaling $244,667.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: CHILDREN & YOUTH DEVELOPMENT (HUMSVCS) | $166,667 |
Nellie Mae Education Foundation Inc Quincy, MA PURPOSE: ELEVATED THOUGHT OPERATING SUPPORT | $50,000 |
Nellie Mae Education Foundation Inc Quincy, MA PURPOSE: CAPACITY BUILDING REQUEST | $15,000 |
Essex County Community Foundation Incorporated Danvers, MA | | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |