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Nonprofiteer
← ELEVENTS LLC

Form 990 for tax year 2023

Filed by ELEVENTS LLC.

Totals

Total revenue
$299,349
Total expenses
$300,253
Contributions and grants received
$158,612
Grants paid
$0
Program service revenue
$118,520
Investment income
$0
Other revenue
$22,217
Total assets, end of year
$123,079
Total liabilities, end of year
$270
Net assets or fund balances, end of year
$122,809
Program services expenses (Part IX)
$264,838
Management and general expenses
$7,663
Fundraising expenses
$27,752
Program service expenses (Part III)
$264,838

Program services were 88.2% 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.

  • 1c · Fundraising events

    $34,796

  • 1e · Government grants (contributions)

    $38,053

  • 1f · All other contributions, gifts and grants

    $85,763

  • 2a · Program service revenue: RHYTHM AND BREWS

    total $63,957 · excluded $63,957

  • 2b · Program service revenue: GARDEN JUBILEE

    total $44,532 · excluded $44,532

  • 2c · Program service revenue: FARMERS MARKET

    total $8,196 · excluded $8,196

  • 2d · Program service revenue: VENDOR PERMITS

    total $1,835 · excluded $1,835

  • 8a · Fundraising events: gross income

    $119,716

  • 8a · Fundraising events: contributions included on line 1c

    $34,796

  • 8b · Fundraising events: direct expenses

    $103,251

  • 8c · Net income from fundraising events

    total $16,465 · excluded $16,465

  • 11a · Other revenue: SALES TAX REFUNDS

    total $5,497 · excluded $5,497

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $255 · excluded $255

  • 11e · Other revenue, total

    $5,752

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $120,640 · program services $120,640

  • 12 · Advertising and promotion

    total $23,252 · program services $23,252

  • 23 · Insurance

    total $19,997 · program services $14,998 · management and general $4,999

  • 24a · Other expenses: TDA GRANT EXPENSE

    total $50,000 · program services $50,000

  • 24b · Other expenses: MERCHANDISE HELD FOR SAL

    total $27,752 · fundraising $27,752

  • 24c · Other expenses: SUPPLIES AND MATERIALS

    total $26,140 · program services $26,140

  • 24d · Other expenses: ASAP DOUBLE SNAP EXPENSE

    total $10,807 · program services $10,807

  • 24e · All other expenses

    total $21,665 · program services $19,001 · management and general $2,664

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $123,713 · end of year $123,079

  • 17 · Accounts payable and accrued expenses

    end of year $270

  • 27 · Net assets without donor restrictions

    beginning of year $73,713 · end of year $122,809

  • 28 · Net assets with donor restrictions

    beginning of year $50,000

Mission and programs · 2023

Mission

ELEVENTS, INC. D/B/A FRIENDS OF DOWNTOWN EXISTS TO IDENTIFY, PRESERVE, AND ENHANCE THE KEY FACTORS THAT CONTRIBUTE TO THE AUTHENTIC SMALL TOWN URBAN CHARACTER OF HISTORIC DOWNTOWN HENDERSONVILLE, NORTH CAROLINA. ORGANIZATIONAL PROJECTS ARE IDENTIFIED, ASSESSED, AND PRIORITIZED BASED ON THEIR CONTRIBUTION TO AND POTENTIAL TO ENHANCE AND SUPPORT A VIBRANT ENTREPRENEURIAL ENVIRONMENT AND THE LIVABILITY OF DOWNTOWN. THE ORGANIZATION ACTIVELY PURSUES PROJECT IMPLEMENTATION, WHETHER BY INFRASTRUCTURE IMPPROVEMENTS, SPECIAL EVENTS, ECONOMIC INCENTIVES, OR PLANNING INITIATIVES, UTILIZING THE MAIN STREET FOUR-POINT APPROACH, IN CONCERT WITH THE CITY OF HENDERSONVILLE, DOWNTOWN STAKEHOLDERS, AND THE LARGER COMMUNITY.

  • ELEVENTS, INC. D/B/A FRIENDS OF DOWNTOWN EXISTS TO IDENTIFY, PRESERVE, AND ENHANCE THE KEY FACTORS THAT CONTRIBUTE TO THE AUTHENTIC SMALL TOWN URBAN CHARACTER OF HISTORIC DOWNTOWN HENDERSONVILLE, NORTH CAROLINA. PROGRAM SERVICES INCLUDE THE RHYTHM AND BREWS SUMMER CONCERT SERIES, THE HENDERSONVILLE FARMERS MARKET, AND GARDEN JUBILEE ALL DESIGNED TO ATTRACT RESIDENTS AND VISITORS TO HISTORIC DOWNTOWN HENDERSONVILLE, NORTH CAROLINA.

    Expenses $264,838 · Revenue $118,520

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Caroline Gunther

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Hickman

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Connet

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Krystal Powell

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michele Sparks

    BOARD MEMBER

    Total calculated
    $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
2023
Filed
10 March 2025
IRS schema version
2023v6.0
Source object
202500699349300855

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