ELEVATE ATLANTA INC

EIN: 862336687 501(c)(3) Education

ATLANTA, GA

Total Revenue
$935,247
Total Expenses
$702,678
Total Assets
$1,123,500
Net Assets
$1,115,981
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
GA
Principal Officer
DR ALLEN HOLLIE
Phone
6782962289
Tax Period
2024-07-01 to 2025-06-30

ELEVATE ATLANTA INC, founded in 2021, is a small nonprofit in the Education sector that reported $935K in total revenue in fiscal year 2024. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $233K, a strong 25% operating margin.

Mission

BUILDING LONG-TERM, LIFE-CHANGING RELATIONSHIPS WITH URBAN YOUTH, EQUIPPING THEM TO THRIVE AND CONTRIBUTE TO THEIR COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $934,451
Program Service Revenue $0
Investment Income $0
Other Revenue $796
TOTAL REVENUE $935,247

Expense Breakdown

Grants Paid $3,229
Salaries & Benefits $517,312
Fundraising Expenses $79,113
Program Expenses $496,065
Other Expenses $177,135
TOTAL EXPENSES $702,678

Year-over-Year Comparison

2024 2023 Change
Revenue $935,247 $425,978 +1.2%
Expenses $702,678 $568,473 +0.2%
Net Income $232,569 $-142,495 -2.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
7
Volunteers
10

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
$147,673
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT REAGAN BOARD CHAIRMAN 2.00
Officer Director
$0 $0 $0
RICK KENT BOARD TREASURER 0.25
Officer Director
$0 $0 $0
JIM WALSH BOARD SECRETRARY 0.25
Officer Director
$0 $0 $0
DR LARRY DRAKE BOARD MEMBER 0.25
Director
$0 $0 $0
JOHN FEATHERSTON BOARD MEMBER 0.25
Director
$0 $0 $0
LATONYA GATES BOARD MEMBER - AS OF 06/2025 0.25
Director
$0 $0 $0
DR TOWANDA HARRIS BOARD MEMBER - THRU 12/2025 0.25
Director
$0 $0 $0
OMARI HENDERSON BOARD MEMBER 0.25
Director
$0 $0 $0
CHRIS SCOTT BOARD MEMBER - AS OF 06/2025 0.25
Director
$0 $0 $0
DON SPARKS BOARD MEMBER 0.25
Director
$0 $0 $0
ROBERT STAFFORD BOARD MEMBER 0.25
Director
$0 $0 $0
DOUG WILLIAMS BOARD MEMBER 0.25
Director
$0 $0 $0
DR ALLEN HOLLIE EXECUTIVE DIRECTOR 40.00
Officer
$115,483 $32,190 $147,673
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 $935,247 $702,678 $1,123,500 $232,569
2024 $425,978 $568,473 $624,482 $-142,495
2023 $422,818 $317,795 $358,537 $105,023
2022 $425,333 $229,527 $195,806 $195,806
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