Elev8baltimoreinc

Nonprofit profile at a glance

EIN
460889783
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-N 2018
Location
Baltimore, MD, USA
Phone
4436829403
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Official website

Reported finances

Revenue
$6,257,951
Expenses
$7,225,605
Assets
$3,046,399
Liabilities
$1,612,986

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • ALEXANDRIA WARRICK ADAMS (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • ALEXANDRIA WARRICK ADAMS (CHIEF EXECUTIVE OFFICER): $186,543 total reported compensation
  • WINSTON PHILIPS (CHIEF OPERATING OFFICER): $97,520 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Elev8 baltimore provides out-of-school time opportunities and coordinates school-based health services, resources, support and outreach for families in baltimore and the surrounding communities.

What it reported doing in 2024

Elev8 freedom schools - elev8 freedom schools is a literacy-focused, six-week summer experience that focuses on culturally diverse literature that highlights local baltimore artists, authors, and the black, brown and indigenous experience in america while reinforcing college and career readiness standards. This youth-focused program has been designed to include youth voice and choice within all aspects of the program and curriculums design. This unique experience is available for students in grade k-12.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 70
  • Accountability: 91
  • Sustainability: 18
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90%; rating input score 90
  • Program expense ratio: 78%; rating input score 78
  • Fundraising efficiency: $19.73 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -15.5%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.42; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 0.53; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 3.9%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: 35.7% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 32% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 39.3% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 90% of revenue deployed · 78% of spending went to programs
  • Governance: 10 of 10 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $5.6M in reported program spending
  • Leadership: top reported pay $187K · 12 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 9/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 59/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.