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Nonprofit · EIN 27-3519031

ELEVATED THOUGHT INC

Tax-exempt · LAWRENCE, MA 01840

Financials

$1M$740K2021$1.4M$2.3M2023$2.3M$2.6M2024
Revenue Expenses · by fiscal year end
Financials of ELEVATED THOUGHT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,256,495$2,566,226-$309,731$5,022,746$3,996,407$1,026,339
December 31, 2023990$1,378,207$2,313,085-$934,878$5,213,399$3,827,914$1,385,485
December 31, 2021990$1,012,461$739,542$272,919$1,075,802$523,812$551,990
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,100,551
Program service revenue
$155,944
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$135,000
Other salaries and wages
$1,251,771
Salaries, compensation and benefits (total)
$1,586,757
Professional fundraising fees
$0
Accounting fees
$42,111
Occupancy
$168,189
Travel
$21,780
Depreciation
$49,996
Program services (functional)
$993,377
Management and general (functional)
$947,717
Fundraising (functional)
$625,132

Balance sheet and other

Total assets, start of year
$5,213,399
Total assets, end of year
$5,022,746
Total liabilities, end of year
$3,996,407
Net assets, end of year
$1,026,339
Land, buildings and equipment
$1,129,632
Net assets without donor restrictions
$1,026,339
Gross receipts
$2,256,495
Employees
74
Volunteers
0
Year formed
2010
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MARQUIS VICTOREXECUTIVE DIRECTOR
Officer
40$135,000
ALEX BRIENART DIRECTOR
Highest-paid employee
35$109,000
ALLISON ARGUETADIRECTOR
Trustee or director
2$0
CORINA CORNEJODIRECTOR
Trustee or director
2$0
DEBRA FOXTREASURER
Trustee or director
2$0
GLADYS MARTINEZCLERK
Trustee or director
2$0
FRANCELLIS QUINONESDIRECTOR
Trustee or director
2$0
KIARA ROJASDIRECTOR
Trustee or director
2$0
EDDIE ROSADIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
MARQUIS VICTOREXECUTIVE DI
Officer
40$125,000
ALLISON ARGUETADIRECTOR
Trustee or director
2$0
CORINA CORNEJODIRECTOR
Trustee or director
2$0
DEBRA FOXTREASURER
Trustee or director, Officer
2$0
GLADYS MARTINEZCLERK
Trustee or director
2$0
FRANCELLIS QUINONESDIRECTOR
Trustee or director
2$0
KIARA ROJASDIRECTOR
Trustee or director, Officer
2$0
EDDIE ROSADIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2021: 7 people
NameTitleHours / weekCompensation
MARQUIZ VICTOREXECUTIVE DIR
Trustee or director, Highest-paid employee
40$105,750
ANIL DACOSTADIRECTOR
Trustee or director
1$0
MONA IGRAMDIRECTOR
Trustee or director
1$0
WALKI MANZUETADIRECTOR
Trustee or director
1$0
LORIE MENDOZADIRECTOR
Trustee or director
1$0
CORINA CORNEJOVICE CHAIR
Officer
1$0
JESSICA VILASBOARD CHAIR
Officer
20$0

Address and contacts

Address (IRS master file)
15 UNION ST STE 608, LAWRENCE, MA 01840-1866
In care of
% MARQUIS VICTOR
Mailing address (990-N for 2010)
22 Heather Drive, Methuen MA 01844
Principal officer (990 for 2024)
MARQUIS VICTOR, 15 UNION STREET, LAWRENCE, MA 01841
Principal officer (990-N for 2010)
Marquis Victor, 352 W Third ST, APT 9, Boston MA 02127
Signed the 990
MARQUIS VICTOR, EXECUTIVE DIRECTOR
Phone
(978) 420-7920
Return prepared by
HENRY & COMPANY INC

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • YOUTH ART EMPOWERMENT AND OUTREACH
    Expenses $324,998 · revenue $42,755
  • PUBLIC ART PROJECTS TO BEAUTIFY COMMUNITY AND PRIVATE PROPERTIES AND AREAS.
    Expenses $194,601 · revenue $102,589
  • TO PROVIDE ARTISTIC AND FINANCIAL OPPORTUNITIES FOR MERRIMACK VALLEY YOUTH TO EXPLORE AND EXPAND CREATIVE SKILLS
    Expenses $473,778 · revenue $10,600

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-3519031
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$5,022,746
Income (IRS master file)
$2,256,495

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,256,495$2,566,226$5,022,746IRS
990December 2023$1,378,207$2,313,085$5,213,399XML
990December 2022$3,235,330$1,517,332$3,243,932IRS
990December 2021$1,012,461$739,542$1,075,802XML
990December 2020–––IRS
990December 2019–––IRS
990-N for 2010
Officer: Marquis Victor
December 31, 2010≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-3519031).

Questions about ELEVATED THOUGHT INC

What is the EIN of ELEVATED THOUGHT INC?
The employer identification number (EIN) of ELEVATED THOUGHT INC is 27-3519031.
Is ELEVATED THOUGHT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to ELEVATED THOUGHT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ELEVATED THOUGHT INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ELEVATED THOUGHT INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ELEVATED THOUGHT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ELEVATED THOUGHT INC?
The 990 for the year ended December 31, 2024 names MARQUIS VICTOR.
Who are the officers and directors of ELEVATED THOUGHT INC?
The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $135,000 (MARQUIS VICTOR, EXECUTIVE DIRECTOR).
How much revenue does ELEVATED THOUGHT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,256,495, expenses of $2,566,226 and total assets of $5,022,746 at year end.

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