Elevate50 Hendersonville is dedicated to enriching the lives of adults age 50 and above in our community. We provide a welcoming community where members can strengthen mind, body, and spirit through meaningful programs, lasting connections, and new opportunities proving that age is only a number.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 6
filings with a surplus
Average surplus $26K a year · 12% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$121K
+11% vs prior year
Spent
$175K
To programs
66%
Net assets
$91K
By yearFY2020–FY2025
Revenue
$121K
FY2021▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$108K
FY2021$121K
FY2022$148K
FY2023$482K
FY2024$198K
FY2025$248K
Expenses
$175K
FY2021▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$151K
FY2021$175K
FY2022$199K
FY2023$201K
FY2024$200K
FY2025$224K
Net assets
$91K
FY2021▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$108K
FY2021$91K
FY2022$77K
FY2023$387K
FY2024$385K
FY2025$433K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 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 Aug 1989.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $116K Management & general 34% · $59K

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

Something off? Claim to add context

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Elevate50 Hendersonville executive salaries →

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 15aNo

Programs and updates

Enhances seniors' well-being and fosters friendships through facilities, programs, and social connection.

Questions for Elevate50 Hendersonville

Tap to ask. Elevate50 Hendersonville sees how many people are interested.

Your first name shows with your question. Elevate50 Hendersonville answers here, for everyone.

1 program · $116K · in their own filed words · FY2020
01

To provide the facility, equipment, and programming necessary to enhance the physical, mental, and emotional well-being of persons age fifty (50) years and over in the hendersonville community.

$116Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$12K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$121K
Ln 12
Gifts and grantsLn 1h$110K
Other incomeLn 4–11$8K
Fees for servicesLn 2g$2K
Money outPt IX
$175K
Ln 25
Programscol B$116K
Managementcol C$59K
Owns and owesPt X
$91K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$110K
LiabilitiesLn 26$19K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$110K
Government grantsLn 1e$94K
Fees for servicesLn 2g$2K
Other incomeLn 4–11$8K
Total revenueLn 12$121K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
Land, buildings, equipmentLn 10c$54K
Total assetsLn 16$110K
LiabilitiesLn 26$19K
Net assetsLn 32$91K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$53K$39K
Land, buildings, equipmentLn 10c$58K$54K
Total assetsLn 16$124K$110K
LiabilitiesLn 26$15K$19K
Net assetsLn 32$108K$91K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$63K$16K$47K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$36K$36K
Advertising and promotionLn 12$2K$2K$516
Office expensesLn 13$11K$8K$3K
OccupancyLn 16$30K$30K
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$5K$3K$1K
InsuranceLn 23$8K$6K$2K
Other expenses (24a–d)Ln 24$12K$8K$5K
Total functional expensesLn 25$175K$116K$59K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $248K$224K$24K$433K 990 PDF
FY2024Filed with the IRS Apr 5, 2025 $198K$200K−$2K$385K 990 PDF
FY2023Filed with the IRS Apr 13, 2024 $482K$201K$280K$387K 990 PDF
FY2022Filed with the IRS Feb 2, 2023 $148K$199K−$50K$77K 990 PDF
FY2021 ViewingFiled with the IRS Feb 17, 2022 $121K$175K−$54K$91K 990 PDF
FY2020Filed with the IRS Feb 24, 2021 $108K$151K−$43K$108K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $120,566 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $88,724$110,483
I-9 Program service revenuePrior year $9,692$1,636
I-10 Investment incomePrior year $97$0
I-11 Other revenuePrior year $9,661$8,447
I-12 Total revenuePrior year $108,174$120,566
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $64,540$63,180
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $86,807$111,415
I-18 Total expensesPrior year $151,347$174,595
I-19 Revenue less expensesPrior year −$43,173−$54,029
Part VI · Governance 15 of 16 board members independent, 3 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $120,566 across 6 lines filed
VIII-1e Government grants$93,557
VIII-1f All other contributions, gifts and grants$16,926
VIII-1h Total contributions, gifts and grants$110,483
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,636$1,636
VIII-8 Net income from fundraising events$8,447
VIII-12 Total revenueRelated to mission $1,636$120,566
Part IX · Statement of functional expenses $174,595 across 10 lines filed
IX-7 Other salaries and wagesPrograms $15,795 · Management $47,385$63,180
IX-11c Accounting feesPrograms $5,098$5,098
IX-11g Other fees for servicesPrograms $36,278$36,278
IX-12 Advertising and promotionPrograms $1,546 · Management $516$2,062
IX-13 Office expensesPrograms $8,356 · Management $2,785$11,141
IX-16 OccupancyPrograms $30,000$30,000
IX-17 TravelPrograms $1,403$1,403
IX-22 Depreciation, depletion and amortizationPrograms $3,423 · Management $1,144$4,567
IX-23 InsurancePrograms $6,322 · Management $2,107$8,429
IX-24 Other expenses (24a–d)Programs $7,850 · Management $4,587$12,437
IX-25 Total functional expensesPrograms $116,071 · Management $58,524 · Fundraising $0$174,595
Part X · Balance sheet $109,678 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $53,024$38,934
X-3 Pledges and grants receivableStart of year $7,493$12,492
X-9 Prepaid expenses and deferred chargesStart of year $5,360$3,846
X-10c Land, buildings and equipment, netStart of year $57,814$54,406
X-16 Total assetsStart of year $123,691$109,678
X-17 Accounts payable and accrued expenses$2,691
X-24 Unsecured notes and loans payableStart of year $13,700$12,923
X-25 Other liabilitiesStart of year $1,791$3,078
X-26 Total liabilitiesStart of year $15,491$18,692
X-27 Net assets without donor restrictionsStart of year $108,200$90,986
X-32 Total net assets or fund balancesStart of year $108,200$90,986
X-33 Total liabilities and net assetsStart of year $123,691$109,678
Part XI · Reconciliation of net assets $90,986 net assets at year end
XI-1 Total revenue$120,566
XI-2 Total expenses$174,595
XI-3 Revenue less expenses−$54,029
XI-4 Net assets at start of year$108,200
XI-6 Donated services and use of facilities$30,000
XI-9 Other changes in net assets$6,815
XI-10 Net assets at end of year$90,986

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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