Civic Intelligence

Elevents LLC

990EZ • Fiscal year 2020 • EIN 46-5329665

Jan 01, 2020 to Dec 31, 2020 • Filed on May 17, 2021

160 Sixth Avenue EastHendersonville, NC 28792

(828) 697-3056

Siviq Scores

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

Liabilities / Assets

70th percentile

0.00x

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

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.00x

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

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Net Margin

76th percentile

37%

Higher net margin than 76% of similar nonprofits.

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Asset Growth

82nd percentile

58%

Faster asset growth than 82% of similar nonprofits.

2020 filings • NTEE B12 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

31st percentile

-46%

Faster revenue growth than 31% of similar nonprofits.

2020 filings • NTEE B12 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$56,987

Up $20,864 (+58%) from 2019

Net Assets

$56,987

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$56,298

Down $48,743 (-46%) from 2019

Expenses

Down

$35,434

Down $70,049 (-66%) from 2019

Net Income

Up

$20,864

Up $21,306 (+4820%) from 2019

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2017: $28,176Liabilities 2017: $02017Assets 2018: $36,565Liabilities 2018: $02018Assets 2019: $36,123Liabilities 2019: $02019Assets 2020: $56,987Liabilities 2020: $0Net Assets 2020: $56,9872020Assets 2021: $63,253Liabilities 2021: $0Net Assets 2021: $63,2532021Assets 2022: $123,713Liabilities 2022: $0Net Assets 2022: $123,7132022Assets 2023: $123,079Liabilities 2023: $270Net Assets 2023: $122,8092023Assets 2024: $119,875Liabilities 2024: $25Net Assets 2024: $119,8502024

Highlighted filing

2020

Assets$56,987
Liabilities$0
Net Assets$56,987

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2017: $91,710Expenses 2017: $63,534Net Income 2017: $28,1762017Revenue 2018: $69,854Expenses 2018: $61,465Net Income 2018: $8,3892018Revenue 2019: $105,041Expenses 2019: $105,483Net Income 2019: -$4422019Revenue 2020: $56,298Expenses 2020: $35,434Net Income 2020: $20,8642020Revenue 2021: $166,927Expenses 2021: $160,661Net Income 2021: $6,2662021Revenue 2022: $278,398Expenses 2022: $217,938Net Income 2022: $60,4602022Revenue 2023: $299,349Expenses 2023: $300,253Net Income 2023: -$9042023Revenue 2024: $234,610Expenses 2024: $237,569Net Income 2024: -$2,9592024

Highlighted filing

2020

Revenue$56,298
Expenses$35,434
Net Income$20,864
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 17, 2021
Return Version
2020v4.0
Gross Receipts
$104,143
Mission and Program Overview

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.

Program Services

DescriptionGrantsExpenses
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).-$30,288
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHELE SPARKSChair-$0--
CAROLINE GUNTHERVice Chair-$0--
JOHN CONNETSecretary-$0--
JOHN BUCHANANTreasurer-$0--
JARED BELMUNDBoard Member-$0--
MATTHEW HICKMANBoard Member-$0--
RON KAUFFMANBoard Member-$0--
WALT SLAGELBoard Member-$0--
LEWIS HOLLOWAYExecutive Di-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bear Sales$80,245$80,245$47,845$32,400
Total Events$80,245$80,245$47,845$32,400
Filing and Contact Details

Filer

Filer Name
Elevents Inc
EIN
46-5329665
Phone
8286973056
Address
160 SIXTH AVENUE EAST, HENDERSONVILLE, NC 28792

Signing Officer

Name
John Buchanan
Title
Treasurer
Phone
8286973052
Signed
2021-05-17
Discuss with paid preparer
Yes

Preparer

Firm
Carland & Andersen Inc
Address
PO BOX 179, HENDERSONVILLE, NC 28793
Preparer
Terry B Andersen CPA
Phone
8286922583
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and marketing 8,359 bank charges 682 supplies & materials 15,322 insurance 2,722 miscellaneous expense 294 permits 430 sales & use tax 1,018 covid pivot expense 1,850 total 30,677

Form 990-ez, Part III

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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND MARKETING 8,359 BANK CHARGES 682 SUPPLIES & MATERIALS 15,322 INSURANCE 2,722 MISCELLANEOUS EXPENSE 294 PERMITS 430 SALES & USE TAX 1,018 COVID PIVOT EXPENSE 1,850 TOTAL 30,677
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELEVENTS, 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
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ReturnHeader/TaxYr02020

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