Elevate 215

Philly's Future Starts In School

aka Philadelphia School Partnership   |   Philadelphia, PA   |

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GuideStar Charity Check

Elevate 215

EIN: 27-3097212


Elevate 215 is a catalyst for preparing students for the world of tomorrow by modernizing the learning experience in Philadelphia schools today. We do this by: investing in schools and talent, collaborating with our partners, expanding access and resources for families, and advocating to create the conditions for success.

Ruling year info


Executive Director

Stacy Holland Ed. D

Main address

123 S. Broad Street Suite 1170

Philadelphia, PA 19109 USA

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Subject area info


Population served info

Children and youth


Economically disadvantaged people



NTEE code info

Fund Raising and/or Fund Distribution (B12)

Fund Raising and/or Fund Distribution (W12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms




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What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Invest In Schools and Educators

Elevate 215 is a catalyst for advancing educational outcomes in Philadelphia. Through a collaborative and research-based approach, we prioritize the following:

Schools - we identify and invest in proven solutions to accelerate learning outcomes for K-12 schools, moving them from good to great.
Talent - we invest in program- and system-level solutions to recruit, retain, and develop high-quality educators, particularly educators of color.

Population(s) Served
Children and youth

Elevate 215 convenes and leads civic, education, and community leaders to align stakeholders around a common plan for education in our city. We support initiatives that provide students access to great schools and local policies that improve schools across sectors.

Population(s) Served
Children and youth
Children and youth

Where we work

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us

  • What challenges does the organization face when collecting feedback?

    The people we serve tell us they find data collection burdensome


Elevate 215
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 FY22 Audited Financials 2020 2020 Audited Financial Statement 2017 PSP 2017 Audited Financials 2016 2015
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990


Average of 4.85 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990


Average of 8.1 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990


Average of 17% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Elevate 215

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Elevate 215

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Elevate 215

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Elevate 215’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$2,177,024 -$1,083,702 $3,876,935 $4,147,926 $3,282,206
As % of expenses -20.9% -12.5% 35.7% 46.4% 46.3%
Unrestricted surplus (deficit) after depreciation -$2,213,257 -$1,106,343 $3,858,475 $4,130,964 $3,239,524
As % of expenses -21.1% -12.7% 35.5% 46.1% 45.4%
Revenue composition info
Total revenue (unrestricted & restricted) $7,818,336 $8,643,304 $15,459,691 $10,518,985 $9,811,422
Total revenue, % change over prior year -41.0% 10.6% 78.9% -32.0% -6.7%
Program services revenue 0.0% 0.0% 0.4% 1.1% 1.2%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.3%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 99.9% 99.9% 99.6% 98.8% 98.5%
Other revenue 0.0% 0.1% 0.0% 0.1% 0.0%
Expense composition info
Total expenses before depreciation $10,428,434 $8,677,380 $10,864,949 $8,942,701 $7,092,025
Total expenses, % change over prior year -13.9% -16.8% 25.2% -17.7% -20.7%
Personnel 20.1% 26.6% 18.4% 21.2% 20.1%
Professional fees 11.5% 12.4% 6.7% 13.2% 15.3%
Occupancy 0.9% 1.2% 0.8% 0.9% 1.5%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 63.3% 55.6% 71.4% 61.2% 58.1%
All other expenses 4.2% 4.2% 2.7% 3.5% 5.0%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $10,464,667 $8,700,021 $10,883,409 $8,959,663 $7,134,707
One month of savings $869,036 $723,115 $905,412 $745,225 $591,002
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $137,234
Total full costs (estimated) $11,333,703 $9,423,136 $11,788,821 $9,704,888 $7,862,943

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 3.5 2.4 6.9 11.6 19.6
Months of cash and investments 3.5 2.4 6.9 11.6 19.6
Months of estimated liquid unrestricted net assets 0.4 -1.0 3.5 9.8 17.6
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $3,012,760 $1,710,575 $6,229,317 $8,669,110 $11,606,055
Investments $0 $0 $0 $0 $0
Receivables $1,643,139 $2,711,547 $2,688,366 $1,274,516 $1,410,064
Gross land, buildings, equipment (LBE) $241,272 $248,662 $253,098 $264,928 $149,092
Accumulated depreciation (as a % of LBE) 79.3% 85.1% 90.9% 93.2% 24.6%
Liabilities (as a % of assets) 37.6% 35.5% 16.6% 9.6% 15.1%
Unrestricted net assets $408,314 -$698,029 $3,160,446 $7,291,410 $10,530,934
Temporarily restricted net assets $2,549,887 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $2,549,887 $3,599,513 $4,317,320 $1,745,678 $1,182,869
Total net assets $2,958,201 $2,901,484 $7,477,766 $9,037,088 $11,713,803

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No


The people, governance practices, and partners that make the organization tick.

Form 1023/1024 is not available for this organization

Executive Director

Stacy Holland Ed. D

Inspired by her former students and relentlessly optimistic about the future of education, Dr. Stacy E. Holland, Ed.D., has nearly 30 years of experience developing and implementing educational solutions for children. As Executive Director of Elevate 215, Stacy is fostering a positive approach to aligning the education community of Philadelphia on a common vision and working to ensure every student has the modern learning experience that builds the skills needed to thrive and reach long-term economic security. Full bio here:

Number of employees

Source: IRS Form 990

Elevate 215

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Elevate 215

Highest paid employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Elevate 215

Board of directors
as of 02/12/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Benjamin Persofsky

Benjamin Persofsky

Evelyn McNiff

William Marx

Zakiyyah Boone

Colin Kelton

H. Art Taylor

Sean Vereen

Jennifer Rice

Jessica Cunningham Akoto

Michelle Carrera Morales

Amelia Coleman Brown

Richard Worley

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 2/12/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.


The organization's leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Female, Not transgender
Sexual orientation
Decline to state
Disability status
Decline to state

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data


No data

Equity strategies

Last updated: 07/07/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.


Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser