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Elsewhere Incorporated EIN 20-1026041

Elsewhere Incorporated

EIN  20-1026041 Public charity (501(c)(3)) Greensboro, NC
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Size
$100K–1M
What they do
Supports over 50 artists with a collaborative space, events, and community programming.
Leadership
Matthew Giddings · Former Ex Di · $71K
Money in and out
$274K revenue, $386K expenses
Bottom line
85% program efficiency

Supports over 50 artists with a collaborative space, events, and community programming. For fiscal year 2022 it reported $274K in revenue, $386K in expenses, and $253K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$274K
Pt VIII · Ln 12
Total expenses
$386K
Pt IX · Ln 25
Net assets
$253K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$111K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.12 Fundraising $0.03
Program efficiency
85%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate▼ -61% vs prior filing year
Surplus margin
-41%
revenue over expenses, this year▼ -624% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$274K
FY2022▼ -21%
Expenses
$386K
FY2022▲ +5%
Total assets
$485K
FY2022▼ -25%
Total liabilities
$231K
FY2022▼ -17%
Total revenue
$274K
Pt VIII · Ln 12
Total expenses
$386K
Pt IX · Ln 25
Net assets
$253K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$111K
Total assetsPt X · Ln 16$485K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $328K of program spending, described in the organization's own filed words · FY2022.
01

The living museum is open four days a week and brings audiences into contact with emerging and establised artists through programming and events.

$245Kprogram expense
02

The visiting artist program provides resources and exhibition space for more than 50 artists a year.

$83Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CElsewhere Incorporated
EINHdr · item D20-1026041
Principal addressHdr · item CGreensboro, NC
WebsiteHdr · item Jwww.goelsewhere.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A61)
Ruling yearIRS BMFMay 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
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
Matthew Giddings
Former Ex Di
$70,703Pt VII · Sec A
$23,334Pt VII · Sec A
$0Pt VII · Sec A
Alanah Davis
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Stephanie Sherman
Permanent Di
$0Pt VII · Sec A

Matthew Giddings’s $71K as Former Ex Di is at the 65th percentile of top reported officer pay among 2212 $100K–1M arts & culture 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

NameFY2022FY2021FY2020
Matthew Giddings$70,703$65,507$53,842
Kerri L Jeffries-Mubaarak$23,334——

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$252K · 92%
Program service revenue$22K · 8%
Contributions & grants92%$252K
Program service revenue8%$22K
Investment income$193
— government grantsLn 1e$130K
Total revenueLn 12$274K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.12 Fundraising $0.03
Program services85%$328K
Management & general12%$46K
Fundraising3%$12K
Total functional expensesLn 25$386K

Balance Sheet

Part X · end of year
CashLn 1$86K
Total assetsLn 16$485K
Total liabilitiesLn 26$231K
Total net assetsLn 32$253K
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $86K · Operating expenses/yr $386K
2.7 months
Where the money goes
Program services
Program services $328K · Total expenses $386K
85%
Management & General
Management & general $46K · Total expenses $386K
12%
Fundraising
Fundraising $12K · Total expenses $386K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $19K · Solicited contributions (3-yr avg) $146K
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $252K · Total revenue $274K
92%
Government reliance
Government grants $130K · Total revenue $274K
47%
Earned-income share
Program service revenue $22K · Total revenue $274K
8%
Investment reliance
Investment income $193 · Total revenue $274K
0%
Program self-sufficiency
Program service revenue $22K · Total expenses $386K
6%
Growth & trend
Revenue growth (YoY)
This year $274K · Prior year $348K
-21%
Net-asset trend (YoY)
End of year $253K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $274K · Expenses $386K
-41%
Liabilities-to-Assets
Total liabilities — · Total assets $485K
—
Net-asset ratio
Net assets $253K · Total assets $485K
52%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $485K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kerri L Jeffries-Mubaarak · Reported title EXECUTIVE DI · Highest reported compensation $23K · Total expenses $386K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $221K · Total expenses $386K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%——
Overhead ratio 12%——
Fundraising cost ratio 5%——
Revenue growth -21%——
Legal fee ratio 0%——
Accounting fee ratio 3%——

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 · received and paid
Grants received · FY2022
Marion Stedman Covington Foundation North Carolina Trust Co TteeFY2022$12K
Total grants receivedfrom 1 funder$12K
Grants paid · 3 grants · $92K · 2020–2022
Unitemized GrantFY2022$27,663
Unitemized GrantFY2021$34,953
Unitemized GrantFY2020$29,150

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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
FY2022 (Latest)$274K revenue · viewing · ⤓ 990 PDF
FY2021$348K revenue · ⤓ 990 PDF
FY2020$230K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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