Civic Intelligence

Eleven Inc

EIN 45-3199516 • 501(c)3 • Bentonville, AR

Profile

Eleven's purpose is to operate for the benefit of and carry out the purposes of crystal bridges museum of american art by providing food and beverage services to visitors and others connected with the museum.

600 Museum WayBentonville, AR 72712

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

16th percentile

-18%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

98th percentile

$760,669

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 28.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2014

Revenue Growth

35th percentile

-0.3%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2014

Assets

Down

$0

Down $484,203 (-100%) from 2012

Liabilities

Down

$0

Down $74,913 (-100%) from 2012

Net Assets

Down

$0

Down $409,290 (-100%) from 2012

Revenue

Down

$2,665,737

Down $15,458 (-0.6%) from 2012

Expenses

Up

$3,132,882

Up $846,351 (+37%) from 2012

Net Income

Down

-$467,145

Down $861,809 (-218%) from 2012

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $184,494Liabilities 2011: $169,868Net Assets 2011: $14,6262011Assets 2012: $484,203Liabilities 2012: $74,913Net Assets 2012: $409,2902012Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $461,879Expenses 2011: $447,253Net Income 2011: $14,6262011Revenue 2012: $2,681,195Expenses 2012: $2,286,531Net Income 2012: $394,6642012Revenue 2014: $2,665,737Expenses 2014: $3,132,882Net Income 2014: -$467,1452014

Highlighted filing

2014

Revenue$2,665,737
Expenses$3,132,882
Net Income-$467,145

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Nov 19, 2014
Signed
Oct 5, 2015
Return Version
2014v5.0
Gross Receipts
$2,665,737
Mission and Program Overview

Mission

Eleven's purpose is to operate for the benefit of and carry out the purposes of crystal bridges museum of american art by providing food and beverage services to visitors and others connected with the museum.

Eleven's purpose is to operate for the benefit of and carry out the purposes of Crystral Bridges Museum of American Art by providing food and beverage to the Museum's visitors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$731,027$0▼ $731,027
Accounts Receivable$694,753$0▼ $694,753
Cash and Non-Interest-Bearing Accounts$55,537$0▼ $55,537
Inventories for Sale or Use$42,969$0▼ $42,969
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$793,259$0▼ $793,259
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$62,232$0▼ $62,232
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$62,232$0▼ $62,232
Net Assets / Fund Balance
Total Net Assets Fund Balance$731,027$0▼ $731,027
Total Liabilities and Net Assets / Fund Balance$793,259$0▼ $793,259
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kiley RobinetteDirector$62,934$62,934

Board Members and Trustees

NameTitle
Don BacigalupiDirector/President
Rod BigelowDirector/Secretary
Tracy CudeDirector/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
1st Employment StaffingStaffing Agency3996 Frontage Road, Fayetteville, AR 72703$116,972
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,665,737
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-467,145
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,667,670
Salaries, Compensation, and Employee Benefits$1,465,212
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,244,874--$1,244,874
All Other Expenses$407,283--$407,283
Depreciation Depletion$245,410--$245,410
Other Employee Benefits$130,493--$130,493
Occupancy$102,470--$102,470
Payroll Taxes$89,845--$89,845
Fees for Services Other$49,672--$49,672
Other Expenses$36,960--$36,960
Fees for Services Accounting$6,358--$6,358
Fees for Services Legal$6,306--$6,306
Office Expenses$3,249--$3,249
Advertising$1,600--$1,600
Travel$512--$512
Total Functional Expenses$3,132,882$0$0$3,132,882
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

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

Governance Explanations

Part VI, Line 2

None of the Organization's directors and officers have a family relationship with another director or officer; Moreover, none of the Organization's directors and officers have a business relationship with another director or officer, except that the Organization's directors and officers are affiliated with (and compensated by) Crystal Bridges Museum as noted in other schedules of this form. The Organization exists to support and carry out the purposes of Crystal Bridges Museum.

Part VI, Section B, Line 12A and Line 12C

The bylaws of Eleven, Inc. provide a procedure for dealing with conflicts of interest with respect to directors that have a financial interest in a transaction that the board is considering for its approval. This procedure provides for (a) disclosure to the Board by the interested director of his or her interest in the transaction, and (b) having the interested director abstain from any vote taken by the board on the transaction. The board regularly reviews any conflict disclosures, if any.

Part VI, Section C, Line 19

Available upon request

Part VI, Section A, Line 7A and Line 7B

The Organization is managed by its Board of Directors. As provided in Article III, Section 1, the Board of Directors have the power and authority to amend or restate the Articles of Incorporation, approve a merger or consolidation, authorize a dissolution, or approve a sale or disposition of all, or substantially all, of the assets of the Organization.

Part VI, Section B, Line 11A

Prior to filing Form 990, the return is reviewed by all members of the governing body and ultimately reviewed and signed by an appropriate governing body member.

Filing and Contact Details

Filer

Filer Name
Eleven Inc
EIN
45-3199516
In Care Of
% TRACY CUDE
Phone
4794641570
Address
600 MUSEUM WAY, BENTONVILLE, AR 72712

Signing Officer

Name
Rod Bigelow
Title
Director
Phone
4794641500
Signed
2015-10-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rod Bigelow
Formed
2010
Legal Domicile
Ar
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Walton Enterprises LLC
Address
PO BOX 1860, BENTONVILLE, AR 72712
Preparer
Kent C Crouch
Phone
4794641500
Supplemental Narrative

Additional Explanations

Part XI, Line 9

Eleven, Inc. liquidated and the remaining net assets were transferred to Crystal Bridges Museum of American Art, a related organization.

Form 990 Part IX Line 24 - Other Expenses

Description:product development total expenses:1549 program services:1549

Form 990 Part IX Line 24 - Other Expenses

Description:restaurant supplies total expenses:106194 program services:106194

Form 990 Part IX Line 24 - Other Expenses

Description:contract labor total expenses:193109 program services:193109

Form 990 Part IX Line 24 - Other Expenses

Description:uniforms total expenses:8335 program services:8335

Form 990 Part IX Line 24 - Other Expenses

Description:repairs & maintenance total expenses:16832 program services:16832

Form 990 Part IX Line 24 - Other Expenses

Description:cleaning supplies total expenses:13148 program services:13148

Form 990 Part IX Line 24 - Other Expenses

Description:miscellaneous total expenses:67268 program services:67268

Form 990 Part IX Line 24 - Other Expenses

Description:membership & dues total expenses:99 program services:99

Form 990 Part IX Line 24 - Other Expenses

Description:permits & licenses total expenses:749 program services:749

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