Element 11 INC FY2023 filing
Fosters a community for creative expression and self-discovery. For fiscal year 2023 it reported $518K in revenue, $296K in expenses, and $561K 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 (2021–2023)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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Where the work happens
Annual Arts Festival
We held our main art event Wednesday, June 21st through Sunday, June 25th, 2023. This is our main event where the artists we give art grants to, come to showcase their completed projects to the community (volunteers including artists and regular participants) which are our donors.
Decompression
An annual art event that is held after the main art event, same idea but on a much smaller scale, however it's run by our community. We sponsor this event, and the agreement for 2023 was that E11 would grant $15,000 dollars with an anticipated $10,000 return from their ticket sales, which was achieved.
Burner Day in the Park (bditp)
An annual community event/fundraiser to drum up excitement before the main art event, showcase art grant project ideas and hold a raffle for a pair of tickets/items donated by the community, and votes for favorite art grant project ideas.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 97% | — | — |
| Overhead ratio | 3% | — | — |
| Revenue growth | 62% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0.3% | — | — |
| 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
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