Element 11 Inc
- Assets
- $561.0k
- Revenue
- $518.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 07/2012
- Data as of
- 12/2023
- EIN
- 45-3651957
Organization Overview
Element 11 Inc is located in Salt Lake City, UT. The organization was established in 2012. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Element 11 Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Element 11 Inc generated $518.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $295.8k during the year ending 12/2023. While expenses have increased by 12.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND SUSTAIN A COMMUNITY OF CREATIVITY AND SELF-EXPRESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. THIS EVENT REPRESENTS MOST OF OUR SPENDING WITH ART GRANTS AND OPERATIONAL EXPENSES TO PROVIDE SPACE (PRIVATE LAND) AND LOGISTICS FOR A 5 DAY EVENT (DONATIONS VIA TICKET SALES). SOME EXAMPLES OF THESE OPERATIONAL EXPENSES ARE PORTA POTTIES AND HAND WASHING STATIONS, PERMITS WITH COUNTY, HEALTH DEPARTMENT, SHERIFF'S OFFICE, AND OUR OWN PRIVATE SECURITY AND MEDICAL TEAMS.
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. IT'S BASICALLY ANOTHER $5,000 ART GRANT TO THE COMMUNITY BUT WE KEEP IT SEPARATE SINCE WE DON'T RUN THE EVENT AND ARE NOT RESPONSIBLE FOR IT.
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. THESE FUNDS ARE DONATED BACK TO THE ARTISTS WHO SHOWCASED THEIR PROJECTS BASED ON VOTES THEY RECEIVED FROM THE RAFFLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Lenaburg Chairman | OfficerTrustee | 3 | $0 |
Allen Hovey Executive Dir. | Trustee | 0 | $0 |
Janis Mayfield Director | OfficerTrustee | 4 | $0 |
Claudio Olivares Director | Trustee | 2 | $0 |
Kendra Bradberry Director | Trustee | 0 | $0 |
Dean Peterson Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $499,567 |
| Investment income | $18,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $518,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $67,973 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $204,853 |
| Advertising and promotion | $9,820 |
| Office expenses | $4,889 |
| Information technology | $2,954 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,219 |
| All other expenses | $0 |
| Total functional expenses | $295,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,578 |
| Savings and temporary cash investments | $513,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $560,983 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $560,983 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $560,983 |