Elevate Lives
Nonprofit profile at a glance
- EIN
- 814490605
- IRS 990 coverage
- 2018–2025
- Forms available
- Form 990 2025, Form 990-N 2017
- Location
- Springfield, MO, USA
- Phone
- 7194911535
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Centers to Support the Independence of Specific Populations
Reported finances
- Revenue
- $596,170
- Expenses
- $203,273
- Assets
- $4,376,788
- Liabilities
- $1,506,231
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Russell D Gosselin (President & CEO)
Highest reported compensation
- Russell D Gosselin (President & CEO): $42,741 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Elevate Lives ends poverty one family at a time. We lead the working poor to become thriving, contributing members of society through a faith-centered approach and transformation community.
What it reported doing in 2025
The purpose of the Organization shall be to help those in poverty. The Organization will at various times adjust its focus to different specific ways to help those in poverty either directly or indirectly. Besides training and equipping trainers, this corporation shall provide at times direct services to those in need. These may consist of but are not limited to training (such as budgeting), mentorship, material provisions, housing and transportation: The corporation shall also attempt to help the poor through the purchase, repair and rental or sale of housing property. The corporation may obtain and use dba's that help describe any of its focuses. The corporation shall attempt to cooperate with individuals, groups, institutions, or organizations whose purposes are in accord with the objectives set forth in these bylaws. The Organization will operate in various ways to help the poor and may do so in any number of cities mostly in the United States but can also at its discretion help those in poverty in other countries.
Operating model
- Revenue model
- Donor-supported. 80% of the money available for current operations came from contributions and gifts.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 29
- Transparency & Controls: 83
- Accountability: 61
- Sustainability: 76
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 19.2%; rating input score 19
- Program expense ratio: 56.4%; rating input score 56
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 18th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 16th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 65.9%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 21.53; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.34; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 21%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: -18.2% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: 0.7% per year; rating input score 100; 13th percentile among comparable filings
- Asset growth: 29.7% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 19.2% of revenue deployed · 56.4% of spending went to programs
- Governance: 3 of 5 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $115K in reported program spending
- Leadership: top reported pay $43K · 6 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 5 filed schedules
- Filing history: 7 filing years from 2018 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 19/100.
- Review — Financial Efficiency: Program expense ratio scored 56/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.