NonprofitsElevatemed Inc

Education

Elevatemed Inc

SCOTTSDALE, AZ

Total revenue

$854K

Total expenses

$715K

Net assets

$486K

Grants received

$437K

26 grants

EIN

833557457

Tax year

2024

Mission

Provide financial assistance and mentoring to medical students from racial and ethnic backgrounds traditionally underrepresented in medicine.

Programs

1 program

Scholarships and mentorship annually elevate med awards tuition-based scholarships to minimize the debt burden of medical school. Scholars are selected from partnering medical schools across the united states via a nomination process. The 2024 scholars cohort featured 20 students who each received 10,000, paid directly to the school. Through partnerships with the larry fitzgerald foundation and the first annual diane porter memorial scholarship, elevatemed was able to award an additional 20,000 to two select scholars. 13 scholars received residency relocation scholarships as they exited into competitive residency programs at 1,000 each. Since inception, elevatemed has awarded 1,200,000 in tuition based scholarships and support to 70 medical students across the united states.

Expenses: $235KGrants: $235K

Financials

FY 2024

Revenue

Contributions & grants$503K
Program service revenue
Investment income$9
Other revenue$351K
Total revenue$854K

Expenses

Grants paid$235K
Salaries & benefits$103K
Fundraising$5K
Other expenses$372K
Total expenses$715K
Total assets$486K
Net assets$486K

People

14 listed

NameRoleCompensation

DR ALYX PORTER UMPHREY

EXEC DIR,BOA

Board

8 hrs/wk

DR MARISSA VASQUEZ

BOARD VICE C

Board

DR TIFFANY HARDAWAY

SECRETARY

Board

2 hrs/wk

PATRICK BROOKS CPA

TREASURER

Board

1 hrs/wk

MAIA S MCCUISTON MD

DIRECTOR

Board

1 hrs/wk

WELLS DAVIS

DIRECTOR

Board

1 hrs/wk

DR GREG UMPHREY

DIRECTOR

Board

1 hrs/wk

DR ANDREW SANDERSON II

DIRECTOR

Board

1 hrs/wk

DR BERT VARGAS

DIRECTOR

Board

1 hrs/wk

GYASI CHISLEY PMP FACHE

DIRECTOR

Board

1 hrs/wk

DR JESHENNA WATKINS

DIRECTOR

Board

2 hrs/wk

DR RICARDO CORREA

DIRECTOR

Board

1 hrs/wk

DR SHANNON SMITH HAMILTON

DIRECTOR

Board

1 hrs/wk

ANTIQUA CLEGGETT

EXEC DIRECTO

Board

Grants received

Showing 26 of 26

FromAmountPurposeYear
$10K
SUPPORT CHARITABLE PURPOSE
2024
$10K
DONOR ADVISED, GENERAL
2024
$3K
SUPPORT FOR GENERAL OPERATING SUPPORT
2024
$800
SUPPORT GENERAL OPERATIONS
2024
$100K
IN SUPPORT OF PROGRAMS IN FURTHERANCE OF NBA FOUNDATION'S MISSION
2023
$50K
UNRESTRICTED GENERAL SUPPORT
2023
$25K
GENERAL SUPPORT
2023
$17K
DONOR-ADVISED, GENERAL
2023
$11K
For grant recipient's exempt purposes
2023
$10K
SUPPORT EXEMPT PURPOSE
2023
$8K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$100
MATCHING GIFTS
2023
$80
VOLUNTEER PROGRAM
2023
$50K
UNRESTRICTED GENERAL SUPPORT
2022
$10K
MEDICAL STUDENT'S EDUCATION ASSIST.
2022
$10K
SUPPORT CHARITABLE PURPOSE
2022
$9K
For grant recipient's exempt purposes
2022
$400
MATCHING GIFTS
2022
$10K
UNRESTRICTED GENERAL SUPPORT
2021
$11K
For grant recipient's exempt purposes
2019
$10K
For grant recipient's exempt purposes
2018

Funded by

$437K from 15 funders · 26 grants · 2018–2024

National Basketball Association

$100K · 1 grant · 2023

Morgan Stanley Global Impact Funding Trust Inc

$100K · 2 grants · 2022–2023

Universal Music All Together Now

$50K · 1 grant · 2022

Fidelity Investments Charitable Gift Fund

$40K · 4 grants · 2018–2023

Mayo Clinic Group Return

$30K · 3 grants · 2022–2024

The Minneapolis Foundation

$27K · 2 grants · 2023–2024

Arizona Community Foundation

$25K · 1 grant · 2023

American Online Giving Foundation Inc

$18K · 2 grants · 2023–2024

Details

EIN833557457
NTEE codeB12
Subsection03
Ruling date2019-04
Formed2018
Employees1
ELEVATEMED INC — Mission, Financials & Grants Received | Grantivo