Civic Intelligence

Elementz

990 • Fiscal year 2021 • EIN 04-3698700

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

1640 Race StreetCincinnati, OH 45202

(513) 721-5800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.28x

Higher debt load relative to assets than 78% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

75th percentile

0.22x

Higher debt load relative to revenue than 75% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

24th percentile

-2.8%

Higher net margin than 24% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

85th percentile

$89,144

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

18th percentile

-4.1%

Faster asset growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

51st percentile

14%

Faster revenue growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$547,221

Down $23,156 (-4.1%) from 2020

Net Assets

Down

$391,837

Down $19,736 (-4.8%) from 2020

Liabilities

Down

$155,384

Down $3,420 (-2.2%) from 2020

Revenue

Up

$715,923

Up $89,572 (+14%) from 2020

Expenses

Up

$735,659

Up $200,446 (+37%) from 2020

Net Income

Down

-$19,736

Down $110,874 (-122%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $72,032Liabilities 2010: $40,000Net Assets 2010: $32,0322010Assets 2011: $55,839Liabilities 2011: $41,292Net Assets 2011: $14,5472011Assets 2012: $40,496Liabilities 2012: $9,518Net Assets 2012: $30,9782012Assets 2013: $56,119Liabilities 2013: $7,518Net Assets 2013: $48,6012013Assets 2014: $45,110Liabilities 2014: $0Net Assets 2014: $45,1102014Assets 2015: $65,509Liabilities 2015: $181Net Assets 2015: $65,3282015Assets 2016: $64,543Liabilities 2016: $800Net Assets 2016: $63,7432016Assets 2017: $85,605Liabilities 2017: $0Net Assets 2017: $85,6052017Assets 2018: $200,353Liabilities 2018: $0Net Assets 2018: $200,3532018Assets 2019: $226,694Liabilities 2019: $1,477Net Assets 2019: $225,2172019Assets 2020: $570,377Liabilities 2020: $158,804Net Assets 2020: $411,5732020Assets 2021: $547,221Liabilities 2021: $155,384Net Assets 2021: $391,8372021Assets 2022: $602,048Liabilities 2022: $144,780Net Assets 2022: $457,2682022Assets 2023: $673,258Liabilities 2023: $172,886Net Assets 2023: $500,3722023Assets 2024: $585,396Liabilities 2024: $193,301Net Assets 2024: $392,0952024

Highlighted filing

2021

Assets$547,221
Liabilities$155,384
Net Assets$391,837

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $199,030Expenses 2010: $199,511Net Income 2010: -$4812010Expenses 2011: $283,9482011Expenses 2012: $247,0492012Revenue 2013: $288,210Expenses 2013: $270,587Net Income 2013: $17,6232013Revenue 2014: $324,004Expenses 2014: $327,495Net Income 2014: -$3,4912014Revenue 2015: $324,738Expenses 2015: $304,294Net Income 2015: $20,4442015Revenue 2016: $347,670Expenses 2016: $349,255Net Income 2016: -$1,5852016Revenue 2017: $366,777Expenses 2017: $344,915Net Income 2017: $21,8622017Revenue 2018: $510,556Expenses 2018: $395,808Net Income 2018: $114,7482018Revenue 2019: $490,280Expenses 2019: $465,416Net Income 2019: $24,8642019Revenue 2020: $626,351Expenses 2020: $535,213Net Income 2020: $91,1382020Revenue 2021: $715,923Expenses 2021: $735,659Net Income 2021: -$19,7362021Revenue 2022: $639,275Expenses 2022: $573,844Net Income 2022: $65,4312022Revenue 2023: $582,347Expenses 2023: $539,243Net Income 2023: $43,1042023Revenue 2024: $367,579Expenses 2024: $475,856Net Income 2024: -$108,2772024

Highlighted filing

2021

Revenue$715,923
Expenses$735,659
Net Income-$19,736
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.0
Gross Receipts
$716,774
Mission and Program Overview

Mission

Elementz is Cincinnati's premier Hip Hop Cultural Art Center. Elementz exists to give a voice to the young people in the urban core of Cincinnati, to disrupt the status quo and to encourage positive change in the community through civic engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$459,062$485,142▲ $26,080
Land, Buildings, and Equipment, Net$46,382$38,514▼ $7,868
Accounts Receivable$62,191$20,823▼ $41,368
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$570,377$547,221▼ $23,156
Other Assets Total$2,742$2,742→ $0
Liabilities
Other Liabilities$152,323$153,922▲ $1,599
Accounts Payable and Accrued Expenses$6,481$1,462▼ $5,019
Total Liabilities$158,804$155,384▼ $3,420
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$411,573$391,837▼ $19,736
Total Net Assets Fund Balance$411,573$391,837▼ $19,736
Total Liabilities and Net Assets / Fund Balance$570,377$547,221▼ $23,156

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$38,514$116,509$155,023
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Damian HoskinsExecutive DirectorFT$89,144$89,144

Board Members and Trustees

NameTitle
Harold HowardChairman
Tiffany CooperVice Chairman
Peter BlockBoard Emeritus
Tyson BettsBoard Emeritus
Andre DuboisTrustee
Anitra MarshTrustee
Ashley SullivanTrustee
Denise StewardTrustee
Dr John OwensTrustee
Naimah BilalTrustee
Rico GrantTrustee
Sam MooreTrustee
Steve SlaughterTrustee
Terry DickeySecretary
Bruce HagerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$597,642
Program Service Revenue
$117,021
Investment Income
$0
Other Revenue
$1,260
All Other Contributions
$572,838
Change in Net Assets
$-19,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$526,667
Other Expenses$208,992
Total Fundraising Expense$20,292
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$330,262$17,598$345$348,205
Current Officers, Directors, Trustees, and Key Employees$53,486$17,829$17,829$89,144
Occupancy$44,950$1,013-$45,963
Other Employee Benefits$42,376$1,193$30$43,599
Payroll Taxes$32,231$1,768$41$34,040
Depreciation Depletion$15,826$497-$16,323
Other Expenses$1,702$12,021-$13,723
Pension Plan Contributions$11,679--$11,679
Office Expenses$2,360$6,780-$9,140
Interest-$6,633-$6,633
Advertising$2,279$1,227$1,068$4,574
Travel$807$2,361-$3,168
Fees for Services Accounting$770$2,041-$2,811
Insurance$420$2,275-$2,695
Fees for Services Other$963$173$979$2,115
Total Functional Expenses$620,055$95,312$20,292$735,659
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$851
Fundraising Gross Income$411
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
SBA Loan$153,921
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is provided to the board for its review and approval prior to filing.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation of the Managing Director and other officers is determined by the board of directors by using comparability data. The deliberations and decisions are documented in the minutes of the board of directors.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation of the Managing Director and other officers is determined by the board of directors by using comparability data. The deliberations and decisions are documented in the minutes of the board of directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All relevant documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Elementz
EIN
04-3698700
Phone
5137215800
Address
1640 Race Street, Cincinnati, OH 45202

Signing Officer

Name
Damian Hoskins
Title
Executive Director
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Oh
Voting Board Members
13
Independent Board Members
13
Employees
15

Preparer

Firm
Coworth Financial Services LLC
Address
11155 Kenwood Rd Ste 6D, Cincinnati, OH 45242
Preparer
Kevin L Holmes
Phone
5136735469
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Emeritus
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Emeritus
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IRS990/MissionDesc0Elementz is Cincinnati's premier Hip Hop Cultural Art Center. Elementz exists to give a voice to the young people in the urban core of Cincinnati, to disrupt the status quo and to encourage positive change in the community through civic engagement.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.85$1.93$3.92$3.68$4.76$1.08
2023Detailed filing. Detailed filing data is available for this year.$6.73$1.73$5.00$5.82$5.39$0.43
2022Detailed filing. Detailed filing data is available for this year.$6.02$1.45$4.57$6.39$5.74$0.65
2021Detailed filing. Detailed filing data is available for this year.$5.47$1.55$3.92$7.16$7.36$0.20
2020Detailed filing. Detailed filing data is available for this year.$5.70$1.59$4.12$6.26$5.35$0.91
2019Detailed filing. Detailed filing data is available for this year.$2.27$0.01$2.25$4.90$4.65$0.25
2018Detailed filing. Detailed filing data is available for this year.$2.00$0.00$2.00$5.11$3.96$1.15
2017Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$3.67$3.45$0.22
2016Detailed filing. Detailed filing data is available for this year.$0.65$0.01$0.64$3.48$3.49$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.65$3.25$3.04$0.20
2014Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$3.24$3.27$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.56$0.08$0.49$2.88$2.71$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.10$0.31$2.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.41$0.15$2.84
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.40$0.32$1.99$2.00$0.00