Nonprofit · EIN 56-2318910
ELPIS ENTERPRISES
Tax-exempt · SAINT PAUL, MN 55114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $779,263 | $850,266 | -$71,003 | $346,264 | $240,079 | $106,185 |
| December 31, 2023 | 990 | $656,939 | $735,067 | -$78,128 | $226,622 | $49,434 | $177,188 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $543,478
- of which government grants
- $227,229
- Program service revenue
- $0
- Investment income
- $0
- Net income from sales of inventory
- $235,785
- Other revenue
- $235,785
Expenses
- Grants and similar amounts paid
- $1,831
- Compensation of officers, directors and key employees
- $75,000
- Other salaries and wages
- $476,866
- Salaries, compensation and benefits (total)
- $600,841
- Professional fundraising fees
- $4,725
- Accounting fees
- $24,829
- Occupancy
- $59,406
- Travel
- $4,213
- Depreciation
- $17,136
- Program services (functional)
- $681,619
- Management and general (functional)
- $134,738
- Fundraising (functional)
- $33,909
Balance sheet and other
- Total assets, start of year
- $226,622
- Total assets, end of year
- $346,264
- Total liabilities, end of year
- $240,079
- Net assets, end of year
- $106,185
- Land, buildings and equipment
- $58,513
- Net assets without donor restrictions
- $39,185
- Net assets with donor restrictions
- $67,000
- Gross receipts
- $1,067,382
- Employees
- 33
- Volunteers
- 33
- Year formed
- 2002
- State of legal domicile
- MN
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Ramsour | Executive Director Officer | 40 | $75,000 |
| Tim Dyrhaug | Board Chair Trustee or director, Officer | 1 | $0 |
| Hannah Hugen | Treasurer Trustee or director, Officer | 1 | $0 |
| Nicola Nici Giusti | Secreatary Trustee or director, Officer | 1 | $0 |
| Aneesha Kelly | Director Trustee or director | 1 | $0 |
| Marney Thomas | Director Trustee or director | 1 | $0 |
| Robert Torgerson | Director Trustee or director | 1 | $0 |
| Nikeya Sargent | Director Trustee or director | 1 | $0 |
| Johnathan Johnson | Director Trustee or director | 1 | $0 |
| Tony Zirnhelt | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Ramsour | Executive Director Officer | 40 | $74,716 |
| Tim Dyrhaug | Chairman Trustee or director, Officer | 1 | $0 |
| Hannah Hugen | Treasurer Trustee or director, Officer | 1 | $0 |
| Nicola Nici Giusti | Secreatary Trustee or director, Officer | 1 | $0 |
| Aneesha Kelly | Director Trustee or director | 1 | $0 |
| Marney Thomas | Director Trustee or director | 1 | $0 |
| Robert Torgerson | Director Trustee or director | 1 | $0 |
| Nikeya Sargent | Director Trustee or director | 1 | $0 |
| Johnathan Johnson | Director Trustee or director | 1 | $0 |
| Tony Zirnhelt | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2161 UNIVERSITY AVE W STE 112, SAINT PAUL, MN 55114-1319
- In care of
- % PAUL RAMSOUR
- Principal officer (990 for 2024)
- Paul Ramsour, 2161 University Avenue West 112, St Paul, MN 55114
- Signed the 990
- Paul Ramsour, Executive Director
- Phone
- (651) 644-5080
- Website
- elpisenterprises.org
- Return prepared by
- Abdo LLP
Mission
Fostering youth employment and career pathway building through social enterprise.
Program accomplishments
- In 2024, we worked with 39 young people living at the poverty level and were experiencing or at risk for unstable housing. Each had a different path to Elpis. Some were teen parents. Some had justice or foster care system involvement, and some were children of immigrants and refugees. Others came from or were living in chaotic households with parents and guardians struggling to meet their children's needs. The result too often was not having the opportunities to develop the skills, experiences, and community connections needed to launch a career path that will allow them to feel valued, empowered, and attain financial independence. Elpis uses the power of the small business environment to change that! Of the 39 trainees we worked with in 2024, - 100% received guidance and support on a regularly scheduled basis with our career counselor as they created a career pathway plan.- 88% completed our program. Of trainees completing our program (after participating in our program for 240 to 480 hours over three to six months which represents 20 hours a week):- 94% were employed and/or continuing their career-related education three months after completing our program.- 92% rated our program as "Excellent or "Very Good" Of those employed, they were earning as much as 66% above the minimum wage with most making 15% above the minimum wage.- 73% completed one or more introductory certifications recognized in the broader community (e.g. OSHA 10, North Star Digital Literacy).Of trainees who completed our program in 2023, we continue to be in touch with 86% of them (this is 12 to 20 months after completing our program) and 95% continue to be employed and/or continuing their education. We provide guidance and serve as a sounding board to our graduates as needed. Our trainees facilitated 165 workshops that provided almost 10,000 youth with hands-on experience in building a bird feeder. They also staffed Elpis' booth at community festivals.Expenses $681,619 · grants $1,831 · revenue $235,785
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2318910
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P30)
- Assets (IRS master file)
- $346,264
- Income (IRS master file)
- $1,067,382
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $779,263 | $850,266 | $346,264 | IRS |
| 990 | December 2023 | $656,939 | $735,067 | $226,622 | XML |
| 990 | December 2022 | $482,362 | $591,206 | $287,555 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 56-2318910).
Questions about ELPIS ENTERPRISES
- What is the EIN of ELPIS ENTERPRISES?
- The employer identification number (EIN) of ELPIS ENTERPRISES is 56-2318910.
- Is ELPIS ENTERPRISES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to ELPIS ENTERPRISES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ELPIS ENTERPRISES 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 ELPIS ENTERPRISES 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 ELPIS ENTERPRISES 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 ELPIS ENTERPRISES?
- The 990 for the year ended December 31, 2024 names Paul Ramsour.
- Who are the officers and directors of ELPIS ENTERPRISES?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $75,000 (Paul Ramsour, Executive Director).
- How much revenue does ELPIS ENTERPRISES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $779,263, expenses of $850,266 and total assets of $346,264 at year end.
Other nonprofits in SAINT PAUL
- LUTHERAN SOCIAL SERVICE OF MINNESOTA EIN 41-0872993 · last filed 990 for 2025
- PARTNERS IN COMMUNITY SUPPORTS INC EIN 41-1976959 · last filed 990 for 2025
- SOUTH METRO HUMAN SERVICES EIN 41-1712779 · last filed 990 for 2025
- ACCESSIBLE SPACE INC EIN 41-1330242 · last filed 990 for 2025
- PCS FOR PEOPLE EIN 26-2066045 · last filed 990 for 2025
- NEIGHBORHOOD DEVELOPMENT CENTER INC EIN 41-1738791 · last filed 990 for 2025
- UNION GOSPEL MISSION ASSOCIATION OF ST PAUL EIN 41-0705847 · last filed 990 for 2025
- ACCORD EIN 41-0972546 · last filed 990 for 2024