ElevateMeD

What ElevateMeD does

ElevateMeD is a 501(c)(3) nonprofit organization founded in 2019 by physicians Dr. Alyx Porter Umphrey and Dr. Gregory Umphrey, headquartered in Phoenix, Arizona. It provides scholarships, mentorship, leadership development, and financial literacy education to medical students from backgrounds underrepresented in medicine — specifically Black/African American, Native American, Alaska Native, and Latinx students, who together represent only 13% of physicians in the U.S. The organization operates a multi-tier pathway program: ElevateMeD Nexus (the original 4th-year medical student scholarship program launched in 2020), ElevateMeD Connect (2026, enhanced 4th-year engagement), Elevate(pre)MeD (2024, undergraduate premedical pipeline), ElevateDReams (2025, community outreach to underserved youth), and ElevateMeD Legacy (2026, alumni physician engagement). The 2026-27 cohort includes 37 scholars supported across 22-28 partner medical schools spanning 18+ states and the District of Columbia.

The organization's underlying technology is minimal: a Squarespace-based website, a password-protected Scholars Portal for program resources, an online merchandise store, and NeonCRM for donor management. There is no SaaS platform, API, or proprietary technology product. Service delivery is human-driven — individualized physician mentorship, leadership coaching, monthly virtual sessions, and signature events including the annual Scholars Summit in Arizona, the Explosion of a Dream gala, and the multi-city Ignite fundraising series (Atlanta, Chicago, D.C.).

ElevateMeD generates revenue through a diversified nonprofit model: corporate sponsorships (Genentech, Zimmer Biomet, Truist, The Larry Fitzgerald Foundation), individual donations (1,100+ unique donors, with a Giving Circle at $500+ annually and recurring monthly options), merchandise sales (water bottles $40, mugs $30, sweatshirts $60, t-shirts $50), and event-based fundraising. The organization is governed by a Board of Directors and led by Executive Director Jeffrey Armstrong, who joined in February 2025.

Name

ElevateMeD

Legal name

ElevateMeD Inc.

Website

https://elevatemed.org

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

ElevateMeD is a 501(c)(3) nonprofit that provides scholarships, mentorship, leadership development, and financial literacy to medical students from backgrounds underrepresented in medicine (Black/African American, Native American, Alaska Native, Latinx) across 28 partner medical schools in 18+ U.S. states.

Ownership category

akta.pro rank

Product category

Medical Education Nonprofit Scholarships

NAICS

Educational Services (611), Educational Support Services (611710), Grantmaking and Giving Services (81321)

SIC

Services-Educational Services (8200), Services-Social Services (8300)

akta.pro primary industry

College Access, Scholarships & Student Success Nonprofits (BPAGADAE)

akta.pro secondary industry

Scholarships, Grants & Donor-Funded Awards Management (EDALAJAB)

Keywords

• Medical school scholarships
• Physician mentorship programs
• Nonprofit medical education
• Scholarship fundraising
• Healthcare workforce diversity

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Corporate Partnerships and Sponsorships: Leading corporations and organizations sponsor the ElevateMeD Scholars Program through financial contributions, providing scholarship funding and program support.
2. Individual Donations: Individual donors contribute to the organization through one-time and recurring donations, with Giving Circle membership at $500+ and monthly commitment options.
3. Merchandise Sales: Online store sells branded merchandise including water bottles ($40), mugs ($30), journals, sweatshirts ($60), and t-shirts ($50). All proceeds fund the Scholars Program.
4. Event Fundraising: Signature events including Explosion of a Dream (annual scholarship fundraiser in Arizona) and Ignite (multi-city fundraising initiative) generate funds and awareness.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

ElevateMeD is a 501(c)(3) nonprofit that delivers multi-tier scholarship and mentorship programs for underrepresented students pursuing medical careers. It combines tuition scholarship funding with structured physician mentorship, leadership development, financial literacy training, and alumni community engagement, packaged across distinct scholar pathways (Nexus, Connect, Elevate(pre)MeD, ElevateDReams, Legacy) under the umbrella ElevateMeD Scholars Program. The organization also runs an online merchandise storefront and donor/sponsor cultivation events to fund its scholar cohorts.

Product overview

ElevateMeD is a 501(c)(3) nonprofit organization that operates a single unified program — the ElevateMeD Scholars Program — structured as a pathway with multiple distinct tiers. The core program, ElevateMeD Nexus (originally launched in 2020), provides 4th year medical students with scholarships, mentorship, leadership development, financial literacy education, and access to a password-protected Scholars Portal and annual in-person Summits. It sits within a broader multi-tier ecosystem that also includes: ElevateMeD Connect (2026, for 4th year students with enhanced mentorship structures), Elevate(pre)MeD (2024, for undergraduate premedical students), ElevateDReams (2025, community outreach connecting Scholars with underserved youth), and ElevateMeD Legacy (2026, for alumni physicians). The organization further supports its mission through signature fundraising events (Explosion of a Dream annual gala, Ignite multi-city events, ElevateMeD Day), public programming (ElevateMeD Talks), an online store whose proceeds fund the Scholars Program, and an annual Scholars Summit in Arizona. There is no SaaS platform, API, or technology product — it is a nonprofit scholarship and mentorship service.

Differentiator

Problem solved

Functional benefit

Brands

• ElevateMeD Scholars Program: A multifaceted pathway program designed to develop the next generation of physician leaders through scholarships, mentorship, leadership development, and financial literacy.
• ElevateMeD Nexus
• ElevateMeD Connect
• ElevateDReams
• Elevate(pre)MeD
• ElevateMeD Legacy

Products and services

• ElevateMeD Scholars Program Flagship umbrella program of ElevateMeD that provides underrepresented medical students with multi-year tuition scholarship funding paired with physician mentorship, leadership development, financial literacy training, networking, and community engagement. Eligible scholars are selected into one of several named tiers based on their stage in the medical-education pipeline.
• ElevateMeD Nexus Scholarship and mentorship tier for current third- and fourth-year medical students that provides tuition scholarship funding, structured mentorship, and access to the Scholars Summit and broader ElevateMeD community.
• ElevateMeD Connect Scholarship and mentorship tier for medical school applicants and matriculants that supports students through the admissions-to-matriculation transition with scholarship funding and structured programming.
• Elevate(pre)MeD Scholarship and mentorship tier for undergraduate pre-medical students that supports the pre-medical journey through scholarship funding, mentorship, and pre-med programming.
• ElevateDReams MCAT preparation tier of the ElevateMeD Scholars Program that provides aspiring medical students with structured test-prep resources and mentorship to support medical school admissions success.
• ElevateMeD Legacy Alumni tier of the ElevateMeD Scholars Program that provides continuing mentorship, networking, and professional support to ElevateMeD alumni through residency and into medical practice.
• ElevateMeD Online Store Branded online merchandise store selling ElevateMeD apparel and accessories to supporters, with proceeds directed toward funding the organization's scholarship programs.

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core and supporting.

• GenentechcoreStrategic or Co-development PartnerGenentech is listed as a Program Partner supporting the ElevateMeD Scholars Program, contributing to the organization's mission of increasing diversity in medicine.
• Zimmer BiometcoreStrategic or Co-development PartnerThrough its support of the ElevateMeD Scholars Program, Zimmer Biomet is helping medical students access financial assistance, mentorship, leadership development opportunities, and resources needed to thrive throughout their medical education journey.
• TruistcoreStrategic or Co-development PartnerTruist is a major sponsor of Ignite Atlanta 2026 and provides financial wellness trainings for ElevateMeD Scholars, partnering in community events to advance the mission of supporting future physician leaders.
• All Medical PersonnelsupportingStrategic or Co-development PartnerListed as a Program Partner that raised $43K for ElevateMeD, demonstrating commitment to supporting underrepresented medical students.
• LocumTenens.comsupportingStrategic or Co-development PartnerListed as a Program Partner supporting the ElevateMeD Scholars Program.
• JMB FundsupportingStrategic or Co-development PartnerProgram Partner supporting mental health scholarships in partnership with ElevateMeD.
• The Larry Fitzgerald FoundationcoreStrategic or Co-development PartnerFoundation partner committed to health equity, partnering with ElevateMeD to support the future of medicine through scholarship funding.
• Dr. David and Betty GullensupportingStrategic or Co-development PartnerDedicated supporters whose partnership plays a critical role in strengthening the foundation of the ElevateMeD Scholars Program.
• Mayo CliniccoreStrategic or Co-development PartnerMayo Clinic (The Many) has shown support for ElevateMeD, with CEO Dr. Richard Gray sharing remarks at ElevateMeD events. Represents a key healthcare institution partner committed to diversity in medicine.
• Love, Tito'ssupportingStrategic or Co-development PartnerContinued supporter of ElevateMeD mission during Black History Month, providing donations to support scholarship program.
• Walton IsaacsonsupportingStrategic or Co-development PartnerAdvertising agency that has hosted ElevateMeD events in Los Angeles, helping the organization reach new audiences and supporters.
• Council & Associates LLCsupportingStrategic or Co-development PartnerAnnual event sponsor for Explosion of a Dream and Ignite Atlanta since 2019, demonstrating consistent support for scholarship fundraising.
• FP (First Professionals)supportingStrategic or Co-development PartnerListed as a Community Partner supporting the ElevateMeD Scholars Program.
• InnerSolesupportingStrategic or Co-development PartnerListed as a Community Partner supporting the ElevateMeD Scholars Program.
• MBT (MedBoardTutors)supportingStrategic or Co-development PartnerListed as a Community Partner providing support for Scholars to receive tutoring assistance as part of the scholarship benefits.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• American Indian College Fund: American Indian College Fund provides scholarships and support for Native American students, including those pursuing health careers. It directly overlaps with ElevateMeD's focus on increasing Native American physician representation.
• National Medical Fellowships: National Medical Fellowships is a direct peer — it provides scholarships and support specifically for underrepresented minority medical students, the same target population and program type as ElevateMeD. Both compete for the same corporate healthcare sponsors and donor dollars.
• Jackie Robinson Foundation: Jackie Robinson Foundation provides scholarships, mentorship, and leadership development for minority students, with a substantial subset entering medical careers. Its multi-year pathway model and corporate partnership approach closely parallel ElevateMeD's Scholars Program architecture.
• United Negro College Fund (UNCF): UNCF is a direct peer in the scholarship-for-underrepresented-studients space, with Health Sciences-specific scholarship programs that overlap ElevateMeD's mission of increasing Black representation in medicine. Both target overlapping donor and corporate partner networks.
• Thurgood Marshall College Fund: Thurgood Marshall College Fund provides scholarships and leadership development for students at HBCUs including those entering medical school. Its pathway-based programming and corporate sponsorship model closely mirrors ElevateMeD's Nexus + Connect + Legacy multi-tier architecture.
• Hispanic Scholarship Fund: Hispanic Scholarship Fund provides scholarships and support for Hispanic students including those pursuing medical careers. Its mission, donor base, and corporate sponsorship model closely parallel ElevateMeD's, with direct overlap in the Latinx healthcare pipeline segment.

Emerging players

• National Hispanic Medical Association: National Hispanic Medical Association focuses on Hispanic representation in medicine through advocacy and pipeline support. It overlaps with ElevateMeD's Latinx-focused segment but operates more as an advocacy and member organization than a direct scholarship provider.

Broad incumbents

• American Medical Association Foundation: The AMA Foundation is a broad incumbent in the medical education support space, offering scholarship and diversity-in-medicine programs as part of a much larger portfolio. It competes with ElevateMeD for medical-student-focused donors while offering far greater scale and institutional backing.
• Robert Wood Johnson Foundation: Robert Wood Johnson Foundation is a broad incumbent in health equity and workforce diversity philanthropy. While it funds larger systemic initiatives rather than individual scholarships, it competes for the same corporate and high-net-worth donor attention around physician diversity.

Regional players

• American Indian Higher Education Consortium: AIHEC supports Tribal Colleges and Universities including students entering healthcare careers. It intersects with ElevateMeD's Native American physician pipeline mission but serves a distinct institutional constituency through TCU partnerships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/elevatemedinc
• Xx.com/elevatemedinc
• Facebookfacebook.com/elevatemedinc
• LinkedInlinkedin.com/company/elevatemedinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ElevateMeD