Elevate 215

EIN: 273097212 501(c)(3) Education

Philadelphia, PA

Total Revenue
$926,596
Total Expenses
$2,843,273
Total Assets
$8,223,310
Net Assets
$7,386,961
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
PA
Principal Officer
Stacy Holland
Phone
4847858111
Tax Period
2024-01-01 to 2024-06-30

Elevate 215, founded in 2010, is a small nonprofit in the Education sector that reported $927K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 207% operating deficit.

Mission

ELEVATE 215 IS A CATALYST FOR PREPARING STUDENTS FOR THE WORLD OF TOMORROW BY MODERNIZING THE LEARNING EXPERIENCE IN PHILADELPHIA SCHOOLS TODAY. WE DO THIS BY: SUPPORTING SCHOOLS AND TALENT, COLLABORATING WITH OUR PARTNERS, EXPANDING ACCESS AND RESOURCES FOR FAMILIES, AND ADVOCATING TO CREATE THE CONDITIONS FOR SUCCESS. This Form 990 pertains to a shortened fiscal period from January 1, 2024, to June 30, 2024, reflecting the organization's decision to transition its fiscal year-end from December 31 to June 30. As a result, the contributions reported for the fiscal year ending June 30, 2024, may appear atypical, as a substantial portion of the organization's contributions are typically received in December.

Program Service Accomplishments

Program 1
Expenses: $1,690,132

School and Talent Grants Elevate 215 makes grants to school operators to support the start-up, expansion, or the capacity building of public, public charter, and catholic schools located in...

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School and Talent Grants Elevate 215 makes grants to school operators to support the start-up, expansion, or the capacity building of public, public charter, and catholic schools located in Philadelphia. Grant funding supports the expenses of startup, growth and/or improvement activities over the course of single or multiple years. The Organization screens prospective applications by conducting extensive due diligence on the applicants before approving grants, including examination of school models, quantitative data on academic outcomes, analysis of student attendance, attrition, graduation and matriculation data, financial analysis, review of strategic growth plans, assessment of organizational leadership capacity, interviews with school leaders, and school site visits. The Organization invests in talent development initiatives, which are focused on strengthening the recruitment, retention and skill development of school leaders and teachers. During the period ended June 30, 2024, Elevate 215 supported 9 organizations. Community Resources The Organization develops and maintains two technology-based resources to support families in learning about and selecting a school that is a good fit for their children. GreatPhillySchools.org is a web-based information resource that helps parents and guardians learn about school options in Philadelphia by sharing information on school services and performance ratings for more than 2,000 pre-kindergarten and K-12 schools; it also features advice and answers to frequently asked questions on various topics including school application processes specific by sector, scholarships, how to apply to high schools, interacting with a student's teacher, and other relevant information. Policy and Advocacy To ensure that the conditions exist in Philadelphia and Pennsylvania to support the growth and improvement of quality schools, the Organization educates and advocates for evolved education-related policies and makes grants to support such advocacy. The Organization's advocacy is always nonpartisan; it does not support or advocate on behalf of candidates for elected office or education legislation. schools, the Organization educates and advocates for evolved education-related policies and makes grants to support such advocacy. The Organization's advocacy is always nonpartisan; it does not support or advocate on behalf of candidates for elected office or education legislation. schools, the Organization educates and advocates for evolved education-related policies and makes grants to support such advocacy. The Organization's advocacy is always nonpartisan; it does not support or advocate on behalf of candidates for elected office or education legislation.

Program 2
Expenses: $340,749 Revenue: $55,500

Apply Philly Charter Elevate 215 operates the Apply Philly Charter For the period of January 1 - June 30, 2024, over 100,000 families utilized the website to gather information on over 400 school...

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Apply Philly Charter Elevate 215 operates the Apply Philly Charter For the period of January 1 - June 30, 2024, over 100,000 families utilized the website to gather information on over 400 school options in Philadelphia. In addition, Elevate 215 supports the Apply Philly Charter (applyphillycharter.org) technology platform, which is an online enrollment system that facilitates the application and acceptance process for a majority of the public charter schools in Philadelphia. In 2024, over 29,000 families utilized Apply Philly Charter to select a school and submit over 130,000 applications.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $696,035
Program Service Revenue $55,500
Investment Income $175,061
Other Revenue $0
TOTAL REVENUE $926,596

Expense Breakdown

Grants Paid $1,374,424
Salaries & Benefits $937,395
Fundraising Expenses $123,487
Program Expenses $2,030,881
Other Expenses $531,454
TOTAL EXPENSES $2,843,273

Year-over-Year Comparison

2023 2022 Change
Revenue $926,596 $4,476,161 -0.8%
Expenses $2,843,273 $6,886,326 -0.6%
Net Income $-1,916,677 $-2,410,165 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Benjamin Persofsky BOARD CHAIR 3.0
Officer Director
$0 $0 $0
Zakiyyah Boone SECRETARY 3.0
Officer Director
$0 $0 $0
WILLIAM MARX JR TREASURER 3.0
Officer Director
$0 $0 $0
H Art Taylor Board Member 3.0
Director
$0 $0 $0
Dr Sean Vereen BOARD MEMBER 3.0
Director
$0 $0 $0
DR MICHELLE CARRERA MORALES BOARD MEMBER 3.0
Director
$0 $0 $0
JESSICA CUNNINGHAM AKOTO BOARD MEMBER 3.0
Director
$0 $0 $0
Richard B Worley BOARD MEMBER 3.0
Director
$0 $0 $0
JENNIFER RICE BOARD MEMBER 3.0
Director
$0 $0 $0
ANDY NEWCOMB BOARD MEMBER (EFF. 02/27/2024) 3.0
Director
$0 $0 $0
KATE HOUSTOUN BOARD MEMBER (EFF. 02/27/2024) 3.0
Director
$0 $0 $0
DR AMELIA COLEMAN BROWN BOARD MEMBER 3.0
Director
$0 $0 $0
Evelyn W McNiff BOARD MEMBER 3.0
Director
$0 $0 $0
COLIN KELTON BOARD MEMBER 3.0
Director
$0 $0 $0
STACY E HOLLAND EXECUTIVE DIRECTOR 40.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $926,596 $2,843,273 $8,223,310 $-1,916,677
2023 $4,476,161 $6,886,326 $9,936,653 $-2,410,165
2022 $9,811,422 $7,134,707 $13,796,068 $2,676,715
2021 $10,518,985 $8,959,663 $9,991,857 $1,559,322
2020 $15,459,691 $10,883,409 $8,965,776 $4,576,282
2019 $8,643,304 $8,700,021 $4,497,626 $-56,717
2018 $7,818,336 $10,464,667 $4,739,383 $-2,646,331
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