Element 11 INC EIN 45-3651957 Form 990 (PDF) Claim this org

Element 11 INC FY2022 filing

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Fosters a community for creative expression and self-discovery. For fiscal year 2022 it reported $321K in revenue, $259K in expenses, and $372K in net assets.Pt I

Founded
2012
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Salt Lake City, UT
Website
www.element11.org
Filings
5 on file (2021–2022)
Revenue
$321KFY2022
Expenses
$259K
Net assets
$372K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-3651957 Public charity (501(c)(3)) Salt Lake City, UT Founded 2012
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Fosters a community for creative expression and self-discovery.
Leadership
Jordan Lenaburg · Chairman
Money in and out
$321K revenue, $259K expenses
Bottom line
90% program efficiency
Where the money goes · FY2022
Total revenue
$321K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$372K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $62K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs
Operating runway
17.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+19%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$321K
FY2022▲ +14%
Expenses
$259K
FY2022▲ +39%
Total assets
$372K
FY2022▲ +20%
Total liabilities
$0
FY2022
Total revenue
$321K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$372K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$62K
Total assetsPt X · Ln 16$372K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CElement 11 INC
EINHdr · item D45-3651957
Principal addressHdr · item CSalt Lake City, UT
WebsiteHdr · item Jwww.element11.org
Year of formationHdr · item L2012
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFJul 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
$0Pt VII · Sec A
General Manager
$0Pt VII · Sec A
Safety Director
$0Pt VII · Sec A
Marketing Director
$0Pt VII · Sec A
Production Director
$0Pt VII · Sec A
Arts Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $229K of program spending, described in the organization's own filed words · FY2022.
01

E11 held our annual arts festival in June, spanning 5-day and 4 nights from Wed June 22 - Sun June 26. Almost 1800 persons attended the festival, 340 of which volunteered to serve a wide variety of support roles.

$226Kprogram expense
02

E11 held a combined Burner Day in the Park (BDITP) / Q2 community town hall at Murray Park on Saturday May 28. This annual community event provides a space to socialize, network, and showcase art. Approximately 100 persons attended. $300 community art grants were provided to artists who created art for this event.

$2Kprogram expense
03

E11 held a combined stART / Q1 community town hall at the Utah Arts Alliance Hub on Saturday Mar 12. This annual community event provides a space to socialize, network, and showcase art. Approximately 100 persons attended. performance art grants were offered to our community.

$491program expense

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Statement of Revenue

Part VIII
Program service revenue$319K · 99%
Investment income$2K · 1%
Program service revenue99%$319K
Investment income1%$2K
Contributions & grants$105
Total revenueLn 12$321K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$232K
Management & general10%$27K
Total functional expensesLn 25$259K

Balance Sheet

Part X · end of year
CashLn 1$372K
Total assetsLn 16$372K
Total liabilitiesLn 26$0
Total net assetsLn 32$372K
Months of cash on handcomputed17.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $372K · Operating expenses/yr $259K
17.3 months
Where the money goes
Program services
Program services $232K · Total expenses $259K
90%
Management & General
Management & general $27K · Total expenses $259K
10%
Fundraising
Fundraising $0 · Total expenses $259K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $233
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $105 · Total revenue $321K
0.03%
Government reliance
Government grants $0 · Total revenue $321K
0%
Earned-income share
Program service revenue $319K · Total revenue $321K
99%
Investment reliance
Investment income $2K · Total revenue $321K
+0.6%
Program self-sufficiency
Program service revenue $319K · Total expenses $259K
123%
Growth & trend
Revenue growth (YoY)
This year $321K · Prior year $282K
+14%
Net-asset trend (YoY)
End of year $372K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $321K · Expenses $259K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $372K
Net-asset ratio
Net assets $372K · Total assets $372K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $372K
0%
People & payroll
Highest Reported Total Compensation
Individual Jordan Lenaburg · Reported title chairman · Highest reported compensation $0 · Total expenses $259K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $259K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 14%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
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 · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$75
Grants paid · 16 grants · $384K · 2021–2025
Unitemized GrantFY2025$105,144
Unitemized GrantFY2024$88,752
Unitemized GrantFY2024$5,000
Unitemized GrantFY2023$67,773
Unitemized GrantFY2023$200
Unitemized GrantFY2022$73,070
Unitemized GrantFY2022$2,500
Unitemized GrantFY2022$2,000
Unitemized GrantFY2022$1,900
Unitemized GrantFY2022$500
Unitemized GrantFY2022$300
Unitemized GrantFY2022$200
Unitemized GrantFY2021$34,699
Unitemized GrantFY2021$1,200
Unitemized GrantFY2021$400
Unitemized GrantFY2021$200

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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
FY2025 (Latest)$589K revenue · ⤓ 990 PDF
FY2024$565K revenue · ⤓ 990 PDF
FY2023$518K revenue · ⤓ 990 PDF
FY2022$321K revenue · viewing · ⤓ 990 PDF
FY2021$282K 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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