Nonprofit · EIN 99-4359759
ELEVAATE BIOTECH INC
Tax-exempt · NEW YORK, NY 10025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $475,036 | $161,468 | $313,568 | $344,705 | $31,137 | $313,568 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $475,000
- Program service revenue
- $0
- Investment income
- $36
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $95,833
- Salaries, compensation and benefits (total)
- $103,809
- Professional fundraising fees
- $0
- Legal fees
- $210
- Accounting fees
- $4,500
- Travel
- $3,826
- Program services (functional)
- $71,980
- Management and general (functional)
- $80,920
- Fundraising (functional)
- $8,568
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $344,705
- Total liabilities, end of year
- $31,137
- Net assets, end of year
- $313,568
- Net assets without donor restrictions
- $263,568
- Net assets with donor restrictions
- $50,000
- Gross receipts
- $475,036
- Employees
- 1
- Volunteers
- 12
- Year formed
- 2024
- State of legal domicile
- NY
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 |
|---|---|---|---|
| ELAINE CHEN | EXECUTIVE DIRECTOR Officer | 40 | $91,929 |
| ANGIE YOU | TREASURER Trustee or director, Officer | 2 | $0 |
| BONG KOH | BOARD MEMBER Trustee or director | 2 | $0 |
| CHEN YU | SECRETARY Trustee or director, Officer | 2 | $0 |
| JUNE LEE | CHAIR Trustee or director, Officer | 2 | $0 |
| KEN SONG | BOARD MEMBER Trustee or director | 2 | $0 |
| LORENCE KIM | BOARD MEMBER Trustee or director | 2 | $0 |
| MATT KIM | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 603 W 115TH ST PMB 254, NEW YORK, NY 10025-7722
- In care of
- % ELAINE CHEN
- Principal officer (990 for 2024)
- ELAINE CHEN, 272 WEST 107TH STREET APT 3C, NEW YORK, NY 10025
- Signed the 990
- ELAINE CHEN, EXECUTIVE DIRECTOR
- Phone
- (917) 819-6262
- Return prepared by
- WINNIE TAM & CO PC
Mission
ELEVAATE BIOTECH, INC. IS A NON-PROFIT ORGANIZATION DEDICATED TO FURTHERING EAST ASIAN AMERICAN LEADERSHIP OF THE BIOTECH AND PHARMACEUTICAL INDUSTRIES. ELEVAATE WORKS TO STRENGTHEN NETWORKS OF SENIOR AND MID-CAREER EAST ASIAN AMERICANS IN BIOPHARMA AND TO EMPOWER CURRENT EAST ASIAN AMERICAN LEADERS, AND MENTOR AND TRAIN RISING EXECUTIVES.
Program accomplishments
- ELEVAATE BIOTECH, INC. ELEVAATE IS A NON-PROFIT ORGANIZATION DEDICATED TO FURTHERING EAST ASIAN AMERICAN LEADERSHIP OF THE BIOTECH AND PHARMACEUTICAL INDUSTRIES. ELEVAATE WORKS TO STRENGTHEN NETWORKS OF SENIOR AND MID-CAREER EAST ASIAN AMERICANS IN BIOPHARMA AND TO EMPOWER CURRENT EAST ASIAN AMERICAN LEADERS, AND MENTOR AND TRAIN RISING EXECUTIVES.Expenses $71,980
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 | No data |
IRS record
- EIN
- 99-4359759
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $344,705
- Income (IRS master file)
- $475,036
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about ELEVAATE BIOTECH INC
- What is the EIN of ELEVAATE BIOTECH INC?
- The employer identification number (EIN) of ELEVAATE BIOTECH INC is 99-4359759.
- Is ELEVAATE BIOTECH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to ELEVAATE BIOTECH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ELEVAATE BIOTECH 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 ELEVAATE BIOTECH 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 ELEVAATE BIOTECH 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 ELEVAATE BIOTECH INC?
- The 990 for the year ended December 31, 2024 names ELAINE CHEN.
- Who are the officers and directors of ELEVAATE BIOTECH INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $91,929 (ELAINE CHEN, EXECUTIVE DIRECTOR).
- How much revenue does ELEVAATE BIOTECH INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $475,036, expenses of $161,468 and total assets of $344,705 at year end.
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