Totals
- Total revenue
- $1,500,000
- Total expenses
- $1,418,028
- Contributions and grants received
- $1,500,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $145,469
- Total liabilities, end of year
- $9,010
- Net assets or fund balances, end of year
- $136,459
- Program services expenses (Part IX)
- $1,037,282
- Management and general expenses
- $363,283
- Fundraising expenses
- $17,463
- Program service expenses (Part III)
- $1,037,282
Program services were 73.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,500,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $144,375 · program services $36,094 · management and general $108,281
-
7 · Other salaries and wages
total $8,262 · program services $4,131 · management and general $4,131
-
10 · Payroll taxes
total $11,768 · program services $5,884 · management and general $5,884
-
11c · Fees: accounting
total $44,610 · management and general $44,610
-
11g · Fees: other
total $371,901 · program services $371,734 · management and general $167
-
12 · Advertising and promotion
total $2,838 · fundraising $2,838
-
13 · Office expenses
total $7,006 · management and general $7,006
-
16 · Occupancy
total $19,807 · management and general $19,807
-
17 · Travel
total $3,005 · fundraising $3,005
-
22 · Depreciation, depletion and amortization
total $61,691 · program services $667 · management and general $61,024
-
24a · Other expenses: PROJECT FEE
total $600,056 · program services $600,056
-
24b · Other expenses: BRANDING
total $111,787 · management and general $111,787
-
24c · Other expenses: SOFTWARE
total $11,716 · program services $11,716
-
24d · Other expenses: PROGRAM EXPENSES
total $7,000 · program services $7,000
-
24e · All other expenses
total $12,206 · management and general $586 · fundraising $11,620
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $54,487 · end of year $130,660
-
10a · Land, buildings and equipment: cost or other basis
$61,024
-
10b · Land, buildings and equipment: accumulated depreciation
$61,024
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
14 · Intangible assets
end of year $11,333
-
15 · Other assets
end of year $3,476
-
17 · Accounts payable and accrued expenses
end of year $2,500
-
25 · Other liabilities
beginning of year $0 · end of year $6,510
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $54,487 · end of year $136,459
Mission and programs · 2025
Mission
11TH STREET ENTERPRISES IS DEDICATED TO FOSTERING INNOVATION AND SUPPORTING STARTUPS IN A VIBRANT URBAN ENVIRONMENT.
-
USING TECHNICAL SUPPORT, PLACEMAKING, AND OTHER PROGRAMMING TO ADVANCE EDUCATION, SCIENCE, AND TECHNOLOGY TO STRENGTHEN THE LOCAL ECONOMY.
Expenses $1,037,282
As filed on the 2025 return.
Listed in Part VII
-
Stephen OsbergSTEPHEN OSBERG
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Anne FolkersANNE FOLKERS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Nick OttemanNICK OTTEMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Calvin SissonCALVIN SISSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul SmithPAUL SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mogens BayMOGENS BAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laurel M OetkenLAUREL M OETKEN
CEO
- Total calculated
- $144,375
- From this org
- $144,375
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 20 July 2026
- IRS schema version
- 2025v4.2
- Source object
- 202612089349301016
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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