Business Elevator
- Assets
- $80.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Champaign, IL
- Founding
- Data as of
- 06/2023
- EIN
- 84-3730525
Organization Overview
Business Elevator is located in Champaign, IL. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Elevator is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE STIPENDS WERE PROVIDED TO THE PARTICIPANTS TO HELP WITH THEIR BUSINESS ENDEAVORS. THE STIPENDS WERE PROVIDED TO THE PARTICIPANTS FOR PITCH COMPETITIONS. THE PARTICIPANTS WERE PROVIDED SERVICES TO ASSIST WITH DOCUMENTATION AND REGISTRATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Pelmore Co-Founder | 50 | $0 | |
James Corbin Co-Founder | 40 | $0 | |
Toni Delporte Board Member | 10 | $0 | |
Jeff Kuntz Board Member | 10 | $0 | |
Mike Royse Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,200 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $191,200 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $15,553 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $950 |
| Other expenses | $94,444 |
| Total expenses | $110,947 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,253 |
| Other assets | $0 |
| Total assets | $80,253 |
| Total liabilities | $0 |
| Net assets or fund balances | $80,253 |