Nonprofit · EIN 84-2505013
ELM AVE COWORKING
Tax-exempt · TRAVERSE CITY, MI 49684
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $139,862 | $143,635 | -$3,773 | $50,973 | $14,825 | $36,148 |
| December 31, 2023 | 990-EZ | $154,350 | $156,522 | -$2,172 | $48,726 | $8,805 | $39,921 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $117,625
- Program service revenue
- $21,590
- Investment income
- $647
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,220
- Compensation of officers, directors and key employees
- $672
- Salaries, compensation and benefits (total)
- $49,673
- Professional fees and payments to contractors
- $7,828
- Occupancy
- $59,814
- Other expenses
- $25,100
- Program services (functional)
- $40,934
Balance sheet and other
- Total assets, start of year
- $48,726
- Total assets, end of year
- $50,973
- Total liabilities, end of year
- $14,825
- Net assets, end of year
- $36,148
- Cash, savings and investments
- $2,951
- Gross receipts
- $139,862
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nolan Beamsley | President | 12 | $672 |
| Jeff Beamsley | Treasurer | 10 | $0 |
| John Hile | Vice President | 1 | $0 |
| Patty Thompson | Secretary | 1 | $0 |
| Tim Lake | Board Member | 1 | $0 |
| Kristina Rodriguez | Board Member | 2 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nolan Beamsley | President | 15.38 | $40,712 |
| Jeff Beamsley | Treasurer | 10 | $0 |
| John Hile | Vice President | 2 | $0 |
| Patty Thompson | Secretary | 2 | $0 |
| Tim Lake | Board Member | 1 | $0 |
| Kristina Rodriguez | Board Member | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 8628 S LAKEVIEW RD, TRAVERSE CITY, MI 49684-7699
- Signed the 990-EZ
- Jeff Beamsley, Treasurer
- Phone
- (734) 210-1726
- Website
- elmaveco.org
Mission
Elm Ave. Coworking's primary exempt purpose is to create new business opportunities and infrastructure, train and mentor those interested in acquiring high demand skills, and better the community in Monroe County, MI with particular focus on the underserved, under employed, and unemployed.
Program accomplishments
- Continue to work with tenants and service providers including helping them grow their businesses, acquire new skills, and improve the start-up and small business economy in Monroe County particularly for the underserved, under employed, and unemployed.Expenses $1,220
- Implemented ARPA Grant funded Digital Literacy grant for an underserved community in Monroe, MI.Continued servicing senior and at risk teens. Hired three instructors. Held 6 class sessions with a total of 47 classes and an average of 10 students per class. Each class was between 60 and 90 minutes. Seniors continued to make progress using all of their digital devices to shop online, use social media to communicate with their friends and family, edit and upload pictures, make and upload videos, and create gifts and clothing using digital designs of their own creation. They were proud to wear their creations to class, around town, and to community events. Teens used digital design tools, made their own clothing, edited photos, created music, and wrote their own stories . In addition to the ARPA grant from Monroe County ($29105.01), the Arthur Lesow Community Center provides space for classes valued at $7191 for 2024.Expenses $35,070
- Community WiFi - Completed project to provide 6 free high speed internet hot spots serving a Qualified Census Tract. Elm Ave Coworking continues to manage and support the network. It also pays for the internet connections at one of the hot spots. 5 TB Download (Terabytes!) 180 GB Upload 2100 user experiences serving 700 families The expense is providing internet service at one of the 6 hot spot locations. The other five donate internet connectivity valued at $9,000/yr. All six provide internal racks space and external physical mounting valued at $7,200/yr.Expenses $1,286
- Monroe Community Opportunity Program sponsored a week long kids camp where 15 underserved teens learned how to use technology (laptops and tablets) to improve their literacy and creativity in daily two hour classes. The program was a big success and is funded again for 2025.Expenses $3,358
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 84-2505013
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J20)
- Assets (IRS master file)
- $50,973
- Income (IRS master file)
- $139,862
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $139,862 | $143,635 | $50,973 | XML |
| 990-EZ | December 2023 | $154,350 | $156,522 | $48,726 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-2505013).
Questions about ELM AVE COWORKING
- What is the EIN of ELM AVE COWORKING?
- The employer identification number (EIN) of ELM AVE COWORKING is 84-2505013.
- Is ELM AVE COWORKING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to ELM AVE COWORKING tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ELM AVE COWORKING file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ELM AVE COWORKING due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ELM AVE COWORKING last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of ELM AVE COWORKING?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $672 (Nolan Beamsley, President).
- How much revenue does ELM AVE COWORKING have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $139,862, expenses of $143,635 and total assets of $50,973 at year end.
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