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ELEV8 FOUNDATION INC: Form 990EZ, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ELEV8 FOUNDATION INC (EIN 82-4678646)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-08-05
IRS object ID
202402189349200995
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-08-05T16:40:45-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN475353583PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ARCH TAX SERVICE LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13300 BUCKEYE RD STE 527AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30341ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN824678646EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ELEV8 FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlELEVBusinessNameControlTxt
Phone6786567541PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13453 CHASTAIN GLEN LANE NEAddressLine1Txt
CityMARIETTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30066ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHADDY J COULIBALYPersonNm
Person TitlePRESIDENT - CEOPersonTitleTxt
Phone6786567541PhoneNum
Signature2024-08-02SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonALIEU BAHPreparerPersonNm
PTINP01885837PTIN
Phone6788091496PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website Addresshttps://www.elev8lives.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$4,062GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$2,615ContributionsGiftsGrantsEtcAmt
Investment Income$1,447InvestmentIncomeAmt
Total Revenue$4,062TotalRevenueAmt
Grants And Similar Amounts Paid$4,412GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$3,750FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$7,000OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$5,680PrintingPublicationsPostageAmt
Other Expenses Total$12,448OtherExpensesTotalAmt
Total Expenses$33,290TotalExpensesAmt
Excess Or Deficit For Year-$29,228ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$127,927NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$98,699NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$127,927BOYAmt
EOY$99,015EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$127,927BOYAmt
EOY$99,015EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
EOY$170EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$127,927BOYAmt
EOY$98,845EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTO IDENTIFY, DEVELOP, AND MAKE AVAILABLE, EDUCATIONAL, HEALTH, AND FINANCIAL RESOURCES TO CHILDREN AND RELATED BENEFITS TO MOTHERS IN UNDESERVED COMMUNITIES.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
ELEV8 ECONOMIC DEVELOPMENT PROJECT CAPITAL INVESTMENT: FUND TO INVEST IN EMERGING BUSINESSES ON THE CONTINENT THAT WILL LATER GENERATE A RETURN FOR ELEV8 FOR MORE IMPACT INVESTMENTS. 1ST INVESTMENT WAS TO INNOVARX GLOBAL HEALTH AN INNOVATIVE HEALTHCARE SOLUTION COMPANY WORKING TO DEMOCRATIZE ACCESS TO QUALITY HEALTHCARE ACROSS SUB-SAHARAN AFRICA. (10K LIVES IMPACTED SINCE INVESTMENT)$60,000$50,000
WOMEN [:AMP:] CHILDRENS HEALTH CENTER: BUILDING AN ULTRA-MODERN HEALTHCARE FACILITY IN CENTRAL GAMBIA TO PROVIDE HEALTHCARE SERVICES TO WOMEN AND CHILDREN. THIS PROJECT WILL IMPACT UP TO 16 OF THE GAMBIAN POPULATION. WITH THIS HEALTH CENTER WOMEN WILL NOT HAVE TO TRAVEL 4HRS TO GET THE CARE THEY NEED. *ESTIMATED. FIRST PHASE OF BUILDING STARTS NOVEMBER 2024.$19,508$6,000
ELEV8 SCHOLARSHIP: PROVIDING FULL ACADEMIC SCHOLARSHIPS TO UNIVERSITY OF THE GAMBIA STUDENTS. CURRENTLY SUPPORTING 3 STUDENTS. PLAN TO INCREASE 2X ANNUALLY.$19,508$2,645
FieldValueIRS element (for citing)
Total Program Service Expenses$58,645TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (7 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
HADDY J COULIBALY
PRESIDENT CEO [:AMP:] BAORD CHAIR20$0$0$0
IDA SANNEH
COO [:AMP:] BOARD VICE CHAIR20$0$0$0
AMADOU M JALLOW
BOARD MEMBER20$0$0$0
ARCHIE JONES
BOARD MEMBER20$0$0$0
FATIM BADJIE
BOARD MEMBER20$0$0$0
PASTOR FRANCIS FORBES
BOARD MEMBER20$0$0$0
AMADOU OJ JALLOW
BOARD MEMBER20$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Form1120 Pol Filed0Form1120PolFiledInd
Made Loans To From Officers0MadeLoansToFromOfficersInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonHADDY J COULIBALYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13453 CHASTAIN GLEN LN NEAddressLine1Txt
CityMARIETTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30066ZIPCd
FieldValueIRS element (for citing)
Phone6786567541PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign Financial Account CntryGAForeignFinancialAccountCntryCd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign Office CountryGAForeignOfficeCountryCd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Form720 Filed0Form720FiledInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Related Org Sect527 Org0RelatedOrgSect527OrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$5,367CurrentTaxYearMinus1YearAmt
Current Tax Year$2,615CurrentTaxYearAmt
Total$7,982TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$5,367CurrentTaxYearMinus1YearAmt
Current Tax Year$2,615CurrentTaxYearAmt
Total$7,982TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$7,982PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$1,447CurrentTaxYearAmt
Total$1,447TotalAmt
FieldValueIRS element (for citing)
Total Support$9,429TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind
Public Support CY1700PublicSupportCY170Pct
Public Support PY1700PublicSupportPY170Pct

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
CY Adj Net Income Distributable$0CYAdjNetIncomeDistributableAmt
CY Pct85 Adjusted Net Income$0CYPct85AdjustedNetIncomeAmt
CY Total Min Ast Distributable$0CYTotalMinAstDistributableAmt
CY Greater Adjusted Minimum$0CYGreaterAdjustedMinimumAmt
CY Income Tax Imposed PY$0CYIncomeTaxImposedPYAmt
CY Distributable As Adjusted$0CYDistributableAsAdjustedAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 10THE BALANCE OF THE CONTRIBUTIONS WERE EACH USD 5,000 OR LESS.
PART I, LINE 161) OTHER EXPENSES ADVERTISING MARKETING AMOUNT 2000 2) OTHER EXPENSES BANK CHARGES FEES AMOUNT 715 3) OTHER EXPENSES MEALS ENTERTAINMENT AMOUNT 195 4) OTHER EXPENSES OTHER MISCELLANEUOS ORGANIZATION EXPENSES AMOUNT 3000 5) OTHER EXPENSES REIMBURSABLE EXPENSES AMOUNT 980 6) OTHER EXPENSES TRAVEL EXPENSES AMOUNT 5558
PART II, LINE 261) DESCRIPTION CURRENT LIABILITIES BOY AMOUNT 0 EOY AMOUNT 170.01

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