Elevents Inc
Nonprofit profile at a glance
- EIN
- 465329665
- IRS 990 coverage
- 2021–2025
- Forms available
- Form 990 2025, Form 990-EZ 2020, Form 990-N 2016
- Location
- Hendersonville, NC, USA
- Phone
- 8286973056
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $336,809
- Expenses
- $348,881
- Assets
- $108,711
- Liabilities
- $933
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- CAROLINE GUNTHER (CHAIR)
- MATTHEW HICKMAN (VICE CHAIR)
- KRYSTAL POWELL (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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.
What it reported doing in 2025
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. Program services include the rhythm and brews summer concert serices, the hendersonville farmers market, and the garden jubilee all designed to attract residents and visitors to historic downtown hendersonville, North Carolina.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 59% for direct work, and 41% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 80
- Accountability: 76
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.5%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 24th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 62.6%; rating input score 63; 47th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -3.6%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 20.3% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 20.3% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 12.3% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.5% of spending went to programs
- Governance: 5 of 5 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $344K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 21 of 22 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 9 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.