Elementz EIN 04-3698700

Elementz FY2020 filing

EIN  04-3698700 Public charity (501(c)(3)) Cincinnati, OH
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowers urban youth through Hip Hop culture, fostering civic engagement and positive community change.
Leadership
Tom Kent Non-Voting · Managing Direct · $66K
Money in and out
$626K revenue, $535K expenses
Bottom line
77% program efficiency

Empowers urban youth through Hip Hop culture, fostering civic engagement and positive community change. For fiscal year 2020 it reported $626K in revenue, $535K in expenses, and $412K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$626K
Pt VIII · Ln 12
Total expenses
$535K
Pt IX · Ln 25
Net assets
$412K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $91K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.21 Fundraising $0.01
Program efficiency
77%
of spending reaches programs
Operating runway
10.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$626K
FY2020
Expenses
$535K
FY2020
Total assets
$570K
FY2020
Total liabilities
$159K
FY2020
Total revenue
$626K
Pt VIII · Ln 12
Total expenses
$535K
Pt IX · Ln 25
Net assets
$412K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$91K
Total assetsPt X · Ln 16$570K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

1 program service account for $413K of program spending, described in the organization's own filed words · FY2020.
01

During 2020, Elementz served 200 youth with art based programs focused on hip hop dance, disc jockey services and duties, recording and music technology, podcasting and visual arts. We also organized a regional poetry competition for the State of Ohio and National Poetry Foundation and a local poetry "slam" for high school students.

$413Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CElementz
EINHdr · item D04-3698700
Principal addressHdr · item CCincinnati, OH
WebsiteHdr · item Jwww.elementz.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I20)
Ruling yearIRS BMFNov 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Managing Direct
$66,442Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Damian Hoskins’s $109K as Executive Dir. is at the 83rd percentile of top reported officer pay among 1398 $100K–1M crime & legal nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Damian Hoskins$108,846$104,947$105,000$89,144
Tom Kent Non-Voting$66,442

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$601K · 96%
Program service revenue$17K · 3%
Other revenue$8K · 1%
Contributions & grants96%$601K
Program service revenue3%$17K
Other revenue1%$8K
— government grantsLn 1e$172K
Total revenueLn 12$626K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.21 Fundraising $0.01
Program services77%$413K
Management & general21%$115K
Fundraising1%$7K
Total functional expensesLn 25$535K

Balance Sheet

Part X · end of year
CashLn 1$459K
Total assetsLn 16$570K
Total liabilitiesLn 26$159K
Total net assetsLn 32$412K
Months of cash on handcomputed10.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $459K · Operating expenses/yr $535K
10.3 months
Where the money goes
Program services
Program services $413K · Total expenses $535K
77%
Management & General
Management & general $115K · Total expenses $535K
21%
Fundraising
Fundraising $7K · Total expenses $535K
1%
Cost to raise $1
Fundraising expense $7K · Solicited contributions $429K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $601K · Total revenue $626K
96%
Government reliance
Government grants $172K · Total revenue $626K
27%
Earned-income share
Program service revenue $17K · Total revenue $626K
3%
Investment reliance
Investment income $0 · Total revenue $626K
0%
Program self-sufficiency
Program service revenue $17K · Total expenses $535K
3%
Growth & trend
Revenue growth (YoY)
This year $626K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $412K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $626K · Expenses $535K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $570K
Net-asset ratio
Net assets $412K · Total assets $570K
72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $570K
0%
People & payroll
Highest Reported Total Compensation
Individual Tom Kent Non-Voting · Reported title Managing Direct · Highest reported compensation $66K · Total expenses $535K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $334K · Total expenses $535K
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 21%
Fundraising cost ratio 1%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$25K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$368K revenue · ⤓ 990 PDF
FY2023$582K revenue · ⤓ 990 PDF
FY2022$639K revenue · ⤓ 990 PDF
FY2021$716K revenue · ⤓ 990 PDF
FY2020$626K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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