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Elevatemed Inc

EIN 83-3557457 · Scottsdale, AZ

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceGood76 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

PROVIDE SCHOLORSHIP SUPPORT, MENTORSHIP, LEADERSHIP DEVELOPMENT AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR MEDICAL STUDENTS PURSUING CAREERS IN MEDICINE

Income
$898,272
Spending
$786,552
Spent on programs
78%
Reserves
9.1 months of spending
Largest source of income
donations and private grants, 72%
Employees
1
Volunteers
50
Highest pay
$96,923, executive di

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 74% of charities in its peer group (education, $250k to $1m).

  • Reserves

    28 of 35

    Spendable reserves would cover 9.1 months of spending.

  • Debt

    20 of 20

    It owes 3% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 12% of income.

  • Income trend

    15 of 15

    Income rose 5% on the year before.

  • Spending floor

    15 of 15

    77% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 76 out of 100. Higher than 61% of charities in its peer group (education, $250k to $1m).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $351,497 spent. ELEVATEMED IS A 501(C)(3) NONPROFIT ORGANIZATION COMMITTED TO SUPPORTING THE NEXT GENERATION OF PHYSICIAN LEADERS THROUGH SCHOLARSHIP SUPPORT, MENTORSHIP, LEADERSHIP DEVELOPMENT, FINANCIAL WELLNESS EDUCATION, AND COMMUNITY ENGAGEMENT. ELEVATEMED HELPS REMOVE FINANCIAL AND PROFESSIONAL BARRIERS IN MEDICAL EDUCATION WHILE STRENGTHENING THE PHYSICIAN WORKFORCE THROUGH EDUCATION, MENTORSHIP, AND PROFESSIONAL DEVELOPMENT. THE ELEVATEMED SCHOLARS PROGRAM IS BUILT AROUND FIVE CORE AREAS: SCHOLARSHIP SUPPORT, MENTORSHIP, LEADERSHIP DEVELOPMENT, FINANCIAL WELLNESS EDUCATION, AND PEER NETWORKING.
  2. $257,780 spent. SCHOLARSHIPS AND MENTORSHIP ANNUALLY, ELEVATEMED PROVIDES TUITION-BASED SCHOLARSHIPS AND PROFESSIONAL SUPPORT DESIGNED TO HELP REDUCE THE FINANCIAL BURDEN ASSOCIATED WITH MEDICAL EDUCATION. SCHOLARS ARE SELECTED THROUGH A NATIONAL APPLICATION AND COMMITTEE REVIEW PROCESS DESIGNED TO EVALUATE ACADEMIC ACHIEVEMENT, LEADERSHIP, COMMITMENT TO SERVICE, AND ALIGNMENT WITH THE ORGANIZATION'S MISSION. THE 2025 SCHOLARS COHORT INCLUDED MEDICAL STUDENTS WHO EACH RECEIVED 10,000 SCHOLARSHIP AWARDS DISTRIBUTED DIRECTLY TO SCHOLARS FOLLOWING COMPLETION OF REQUIRED DOCUMENTATION AND SCHOLARSHIP AGREEMENTS OUTLINING APPROVED EDUCATIONAL EXPENSES. THROUGH PARTNERSHIPS INCLUDING THE LARRY FITZGERALD FOUNDATION AND THE DIANE PORTER MEMORIAL SCHOLARSHIP, ELEVATEMED WAS ALSO ABLE TO PROVIDE ADDITIONAL SCHOLARSHIP SUPPORT TO SELECT SCHOLARS. IN ADDITION, RESIDENCY RELOCATION SCHOLARSHIPS WERE AWARDED TO GRADUATING SCHOLARS ENTERING RESIDENCY PROGRAMS TO ASSIST WITH TRANSITION-RELATED EXPENSES. SINCE INCEPTION, ELEVATEMED HAS AWARDED MORE THAN 1.5 MILLION IN TUITION-BASED SCHOLARSHIPS AND SUPPORT TO MORE THAN 90 MEDICAL STUDENTS ACROSS THE UNITED STATES. SCHOLARSHIPS AND MENTORSHIP ANNUALLY, ELEVATEMED PROVIDES TUITION-BASED SCHOLARSHIPS AND PROFESSIONAL SUPPORT DESIGNED TO HELP REDUCE THE FINANCIAL BURDEN ASSOCIATED WITH MEDICAL EDUCATION. SCHOLARS ARE SELECTED THROUGH A NATIONAL APPLICATION AND COMMITTEE REVIEW PROCESS DESIGNED TO EVALUATE ACADEMIC ACHIEVEMENT, LEADERSHIP, COMMITMENT TO SERVICE, AND ALIGNMENT WITH THE ORGANIZATION'S MISSION. THE 2025 SCHOLARS COHORT INCLUDED MEDICAL STUDENTS WHO EACH RECEIVED 10,000 SCHOLARSHIP AWARDS DISTRIBUTED DIRECTLY TO SCHOLARS FOLLOWING COMPLETION OF REQUIRED DOCUMENTATION AND SCHOLARSHIP AGREEMENTS OUTLINING APPROVED EDUCATIONAL EXPENSES. THROUGH PARTNERSHIPS INCLUDING THE LARRY FITZGERALD FOUNDATION AND THE DIANE PORTER MEMORIAL SCHOLARSHIP, ELEVATEMED WAS ALSO ABLE TO PROVIDE ADDITIONAL SCHOLARSHIP SUPPORT TO SELECT SCHOLARS. IN ADDITION, RESIDENCY RELOCATION SCHOLARSHIPS WERE AWARDED TO GRADUATING SCHOLARS ENTERING RESIDENCY PROGRAMS TO ASSIST WITH TRANSITION-RELATED EXPENSES. SINCE INCEPTION, ELEVATEMED HAS AWARDED MORE THAN 1.5 MILLION IN TUITION-BASED SCHOLARSHIPS AND SUPPORT TO MORE THAN 90 MEDICAL STUDENTS ACROSS THE UNITED STATES.
  3. OTHER PROGRAM SERVICES ELEVATEMED PROVIDES ADDITIONAL PROGRAMMING AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES DESIGNED TO SUPPORT MEDICAL STUDENTS THROUGHOUT THEIR EDUCATIONAL JOURNEY AND TRANSITION INTO RESIDENCY. PROGRAMMING INCLUDES LEADERSHIP DEVELOPMENT, FINANCIAL WELLNESS EDUCATION, MENTORSHIP ENGAGEMENT, PEER NETWORKING OPPORTUNITIES, AND COMMUNITY ENGAGEMENT INITIATIVES THAT HELP SCHOLARS STRENGTHEN PROFESSIONAL SKILLS AND BUILD MEANINGFUL CONNECTIONS WITHIN THE PHYSICIAN WORKFORCE. THROUGH ELEVATE DREAMS, SCHOLARS ALSO PARTICIPATE IN K-12 EDUCATIONAL OUTREACH AND COMMUNITY ENGAGEMENT INITIATIVES DESIGNED TO INSPIRE FUTURE GENERATIONS PURSUING CAREERS IN HEALTHCARE AND MEDICINE. ELEVATEMED ADDITIONALLY PROVIDED RESIDENCY RELOCATION SUPPORT TO GRADUATING SCHOLARS ENTERING RESIDENCY PROGRAMS TO ASSIST WITH TRANSITION-RELATED EXPENSES AND CONTINUED PROFESSIONAL DEVELOPMENT.
  4. OTHER PROGRAM SERVICES ELEVATEMED PROVIDES ADDITIONAL PROGRAMMING AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES DESIGNED TO SUPPORT MEDICAL STUDENTS THROUGHOUT THEIR EDUCATIONAL JOURNEY AND TRANSITION INTO RESIDENCY. PROGRAMMING INCLUDES LEADERSHIP DEVELOPMENT, FINANCIAL WELLNESS EDUCATION, MENTORSHIP ENGAGEMENT, PEER NETWORKING OPPORTUNITIES, AND COMMUNITY ENGAGEMENT INITIATIVES THAT HELP SCHOLARS STRENGTHEN PROFESSIONAL SKILLS AND BUILD MEANINGFUL CONNECTIONS WITHIN THE PHYSICIAN WORKFORCE. THROUGH ELEVATE DREAMS, SCHOLARS ALSO PARTICIPATE IN K-12 EDUCATIONAL OUTREACH AND COMMUNITY ENGAGEMENT INITIATIVES DESIGNED TO INSPIRE FUTURE GENERATIONS PURSUING CAREERS IN HEALTHCARE AND MEDICINE. ELEVATEMED ADDITIONALLY PROVIDED RESIDENCY RELOCATION SUPPORT TO GRADUATING SCHOLARS ENTERING RESIDENCY PROGRAMS TO ASSIST WITH TRANSITION-RELATED EXPENSES AND CONTINUED PROFESSIONAL DEVELOPMENT.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2019.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.