Civic Intelligence

Elevents LLC

990 • Fiscal year 2022 • EIN 46-5329665

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 07, 2023

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

71st percentile

0.00x

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

2022 filings • NTEE B12 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

71st percentile

0.00x

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

2022 filings • NTEE B12 • <$500k nonprofits • Source year 2022

Net Margin

59th percentile

22%

Higher net margin than 59% of similar nonprofits.

2022 filings • NTEE B12 • <$500k nonprofits • Source year 2022

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

2022 filings • NTEE B12 • <$500k nonprofits • Source year 2022

Asset Growth

88th percentile

96%

Faster asset growth than 88% of similar nonprofits.

2022 filings • NTEE B12 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

67th percentile

67%

Faster revenue growth than 67% of similar nonprofits.

2022 filings • NTEE B12 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$123,713

Up $60,460 (+96%) from 2021

Net Assets

Up

$123,713

Up $60,460 (+96%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$278,398

Up $111,471 (+67%) from 2021

Expenses

Up

$217,938

Up $57,277 (+36%) from 2021

Net Income

Up

$60,460

Up $54,194 (+865%) from 2021

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

2022

Assets$123,713
Liabilities$0
Net Assets$123,713

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

2022

Revenue$278,398
Expenses$217,938
Net Income$60,460
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$426,183
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$63,253$123,713▲ $60,460
Total Assets$63,253$123,713▲ $60,460
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$40,251$73,713▲ $33,462
Net Assets With Donor Restrictions$23,002$50,000▲ $26,998
Total Net Assets Fund Balance$63,253$123,713▲ $60,460
Total Liabilities and Net Assets / Fund Balance$63,253$123,713▲ $60,460
Compensation and Service Providers

Board Members and Trustees

NameTitle
Caroline GuntherChair
Matthew HickmanVice Chair
Michele SparksBoard Member
John ConnetSecretary
John BuchananTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$204,291
Program Service Revenue
$98,924
Investment Income
$0
Other Revenue
$-24,817
All Other Contributions
$65,948
Change in Net Assets
$60,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$217,938
Total Fundraising Expense$26,431
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$70,003--$70,003
All Other Expenses$21,276$6,377-$27,653
Advertising$24,185--$24,185
Other Expenses$17,200-$26,431$17,200
Insurance-$7,913-$7,913
Total Functional Expenses$177,217$14,290$26,431$217,938
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$147,785
Fundraising Gross Income$122,968
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bear Sales$142,795$122,968$147,785$-24,817
Total Events$142,795$122,968$147,785$-24,817
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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, Page 6, Part VI, Line 11B

A copy of form 990 is provided to the board and is reviewed by the executive officers of the organization who have been designated by the board to provide oversight authority over the form 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

All board members are required annually to disclose any conflicts of interest that may exist between themselves and the organization. Any conflicts noted are reported, discussed, and any action determined necessary is taken by the executive officers of the board.

Form 990, Page 6, Part VI, Line 15A

The organization has no compensated staff.

Form 990, Page 6, Part VI, Line 15B

The organization has no compensated staff.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy, form 990, and financial statements are kept on file at the organization's offices and are available upon request to the public.

Filing and Contact Details

Filer

Filer Name
Elevents Inc
EIN
46-5329665
Phone
8286973056
Address
160 SIXTH AVENUE EAST, HENDERSONVILLE, NC 28792
Doing Business As
Friends of Downtown

Signing Officer

Name
John Buchanan
Title
Treasurer
Phone
8286973052
Signed
2023-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Buchanan
Formed
2014
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
100

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 - ORGANIZATION'S 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.

Form 990, Part IX, Line 11G

Contract services 70,003 0 0

Form 990, Part IX, Line 24E

Tda grant expense 8,192 0 0 asap double snap expense 7,871 0 0 volunteer expenses 4,714 0 0 sales & use tax 0 2,963 0 bank charges 0 2,299 0 miscellaneous expense 0 685 0 mural sidewalk expense 499 0 0 permits 0 430 0 total 21,276 6,377 0

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0135568
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt096721
IRS990ScheduleA/Total509Grp/TotalAmt01046806
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0426183
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0284191
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0104143
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0135568
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt096721
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01046806
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt019827
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0147785
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BEAR SALES
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0142795
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0142795
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0122968
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0122968
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-24817
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0147785
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0147785
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELEVENTS, 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/ExplanationTxt1A COPY OF FORM 990 IS PROVIDED TO THE BOARD AND IS REVIEWED BY THE EXECUTIVE OFFICERS OF THE ORGANIZATION WHO HAVE BEEN DESIGNATED BY THE BOARD TO PROVIDE OVERSIGHT AUTHORITY OVER THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS ARE REQUIRED ANNUALLY TO DISCLOSE ANY CONFLICTS OF INTEREST THAT MAY EXIST BETWEEN THEMSELVES AND THE ORGANIZATION. ANY CONFLICTS NOTED ARE REPORTED, DISCUSSED, AND ANY ACTION DETERMINED NECESSARY IS TAKEN BY THE EXECUTIVE OFFICERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS NO COMPENSATED STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS NO COMPENSATED STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS ARE KEPT ON FILE AT THE ORGANIZATION'S OFFICES AND ARE AVAILABLE UPON REQUEST TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACT SERVICES 70,003 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TDA GRANT EXPENSE 8,192 0 0 ASAP DOUBLE SNAP EXPENSE 7,871 0 0 VOLUNTEER EXPENSES 4,714 0 0 SALES & USE TAX 0 2,963 0 BANK CHARGES 0 2,299 0 MISCELLANEOUS EXPENSE 0 685 0 MURAL SIDEWALK EXPENSE 499 0 0 PERMITS 0 430 0 TOTAL 21,276 6,377 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
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IRS990/TaxExemptBondsInd0false
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IRS990/TotalAssetsEOYAmt0123713
IRS990/TotalAssetsGrp/BOYAmt063253
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IRS990/TotalContributionsAmt0204291
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt026431
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014290
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0177217
IRS990/TotalFunctionalExpensesGrp/TotalAmt0217938
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0123713
IRS990/TotalProgramServiceExpensesAmt0177217
IRS990/TotalProgramServiceRevenueAmt098924
IRS990/TotalRevenueGrp/ExclusionAmt074107
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0278398
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt063253
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0123713
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0160 SIXTH AVENUE EAST
IRS990/USAddress/CityNm0HENDERSONVILLE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028792
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.DOWNTOWN HENDERSONVILLE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN BUCHANAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08286973052
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELEVENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0ELEV
ReturnHeader/Filer/EIN0465329665
ReturnHeader/Filer/PhoneNum08286973056
ReturnHeader/Filer/USAddress/AddressLine1Txt0160 SIXTH AVENUE EAST
ReturnHeader/Filer/USAddress/CityNm0HENDERSONVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028792
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043729830
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARLAND & ANDERSEN INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 179
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HENDERSONVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028793
ReturnHeader/PreparerPersonGrp/PhoneNum08286922583
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TERRY B ANDERSEN CPA
ReturnHeader/ReturnTs02023-11-15T10:24:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BUCHANAN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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