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Elevents LLC FY2023 filing

Tax-deductible

Hendersonville, NC501(c)(3)Since 2014EducationEIN 46-5329665

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 improvements, 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.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $10K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $35K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$270
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$299K
+8% vs prior year
Spent
$300K
To programs
88%
Net assets
$123K
By yearFY2020–FY2025
Revenue
$299K
FY2023▲ +8%
Revenue by fiscal year
FY2020$56K
FY2021$167K
FY2022$278K
FY2023$299K
FY2024$235K
FY2025$337K
Expenses
$300K
FY2023▲ +38%
Expenses by fiscal year
FY2020Not on file
FY2021$161K
FY2022$218K
FY2023$300K
FY2024$238K
FY2025$349K
Net assets
$123K
FY2023▼ -0.7%
Net assets by fiscal year
FY2020$57K
FY2021$63K
FY2022$124K
FY2023$123K
FY2024$120K
FY2025$108K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $265K Management & general 3% · $8K Fundraising 9% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Matthew Hickman
Vice Chair
$0Pt VII · Sec A
John Connet
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Michele Sparks
Board Member
$0Pt VII · Sec A
See Elevents LLC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and enhances downtown's unique character through projects and events.

Provided by the organization

This section is blank until Elevents LLC claims this page.

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1 program service account for $265K of program spending, described in the organization's own filed words · FY2023.
01

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.

$265Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
The Duke Energy FoundationFY2021$25K
AARPFY2021$10K
Total grants receivedfrom 2 funders$35K
Grants paid · 11 grants · $104K · 2024–2025
Unitemized GrantFY2025$12,000
Children & Family Resource Center of Henderson County INCNC · FY2025$8,500
Black Mountain Home for Children Youth & Families INCNC · FY2025$8,500
Hope Coalition CorpNC · FY2025$8,500
Pardee Memorial Hospital Foundation INCNC · FY2025$8,500
Flat Rock PlayhouseNC · FY2025$8,500
Safelight INCNC · FY2025$8,500
Blue Ridge Humane Society INCNC · FY2025$8,500
Art League of Henderson County INCNC · FY2025$8,500
My Fathers StorehouseNC · FY2025$8,500
Community Foundation of Henderson County INCNC · FY2024$15,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$299K
Ln 12
Gifts and grantsLn 1h$159K
Fees for servicesLn 2g$119K
Other incomeLn 4–11$22K
Money outPt IX
$300K
Ln 25
Programscol B$265K
Managementcol C$8K
Fundraisingcol D$28K
Owns and owesPt X
$123K
net assets · Ln 32
Cash and savingsLn 1–2$123K
Total assetsLn 16$123K
LiabilitiesLn 26$270
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$159K
Government grantsLn 1e$38K
Fundraising eventsLn 1c$35K
Fees for servicesLn 2g$119K
Other incomeLn 4–11$22K
Total revenueLn 12$299K
Assets in detailPt X, end of year
CashLn 1$123K
Cash and savings togetherLn 1–2$123K
Total assetsLn 16$123K
LiabilitiesLn 26$270
Net assetsLn 32$123K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6128
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$124K$123K
Total assetsLn 16$124K$123K
LiabilitiesLn 26$0$270
Net assetsLn 32$124K$123K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$121K$121K
Advertising and promotionLn 12$23K$23K
InsuranceLn 23$20K$15K$5K
Other expenses (24a–d)Ln 24$115K$87K$28K
All other expensesLn 24e$22K$19K$3K
Total functional expensesLn 25$300K$265K$8K$28K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $337K$349K−$12K$108K 990 PDF
FY2024 $235K$238K−$3K$120K 990 PDF
FY2023 Viewing $299K$300K−$904$123K 990 PDF
FY2022 $278K$218K$60K$124K 990 PDF
FY2021 $167K$161K$6K$63K 990 PDF
FY2020 $56K$57K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $299,349 across 8 lines filed
VIII-1c Fundraising events$34,796
VIII-1e Government grants$38,053
VIII-1f All other contributions, gifts and grants$85,763
VIII-1h Total contributions, gifts and grants$158,612
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $118,520$118,520
VIII-8 Net income from fundraising eventsExcluded from tax $16,465$16,465
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,752$5,752
VIII-12 Total revenueExcluded from tax $140,737$299,349
Part IX · Statement of functional expenses $300,253 across 5 lines filed
IX-11g Other fees for servicesPrograms $120,640$120,640
IX-12 Advertising and promotionPrograms $23,252$23,252
IX-23 InsurancePrograms $14,998 · Management $4,999$19,997
IX-24 Other expenses (24a–d)Programs $86,947 · Fundraising $27,752$114,699
IX-24e All other expensesPrograms $19,001 · Management $2,664$21,665
IX-25 Total functional expensesPrograms $264,838 · Management $7,663 · Fundraising $27,752$300,253
Part X · Balance sheet $123,079 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $123,713$123,079
X-16 Total assetsStart of year $123,713$123,079
X-17 Accounts payable and accrued expenses$270
X-26 Total liabilitiesStart of year $0$270
X-27 Net assets without donor restrictionsStart of year $73,713$122,809
X-32 Total net assets or fund balancesStart of year $123,713$122,809
X-33 Total liabilities and net assetsStart of year $123,713$123,079
Part XI · Reconciliation of net assets $122,809 net assets at year end
XI-1 Total revenue$299,349
XI-2 Total expenses$300,253
XI-3 Revenue less expenses−$904
XI-4 Net assets at start of year$123,713
XI-10 Net assets at end of year$122,809

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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