Monument Innovations Fka Elev8 Education

Nonprofit profile at a glance

EIN: 833307425
IRS 990-EZ coverage: 2020–2023
Forms available: Form 990-EZ 2023, Form 990-N 2022
Location: Valencia, CA, USA
Phone: 6617754979
Rating: 88
Verdict: STRONG
Rating confidence: Moderate
Sector: Adult, Continuing Education

Official website

Reported finances

Revenue: $14,143
Expenses: $419,704
Assets: $30,769
Liabilities: $725,930

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

BRETT NELSON (CEO)

People named in this filing

BRETT NELSON (CEO)
TY GODDE (Secretary)
C STEPHEN HEXT (CFO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide solutions to dropout and transition problems by implementing jobs for america's graduates program in charter schools serving at risk youth to help students overcome barriers to graduation from highschool and become college and/or career ready

Operating model

Revenue model: Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

Financial Efficiency: 100
Transparency & Controls: 82
Sustainability: 5
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -2,867.6%; rating input score 1; 1st percentile among comparable filings
Total-asset coverage ratio: 0.07; rating input score 9; 9th percentile among comparable filings
Liabilities to assets ratio: 23.59; rating input score 1; 1st percentile among comparable filings
Officer compensation ratio: 1%; rating input score 12; 12th percentile among comparable filings

Growth

Program expense growth: 43% per year; rating input score 100; 90th percentile among comparable filings
Revenue growth: 12.1% per year; rating input score 100; 83rd percentile among comparable filings
Asset growth: 44.7% per year; rating input score 100; 94th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $420K in reported program spending
Leadership: top reported pay $0 · 3 people listed
Consistency: 7 of 7 current checks pass
Schedules: 2 filed schedules
Filing history: 2 filing years from 2020 to 2023
Contacts: How to reach this organization
Money network: 3 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 1/100.
High — Sustainability: Total-asset coverage ratio scored 9/100.
High — Sustainability: Liabilities to assets ratio scored 1/100.
High — Sustainability: Officer compensation ratio scored 12/100.