Yfc Inc
- Assets
- $650.5k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Omaha, NE
- Founding
- 07/2008
- Data as of
- 09/2022
- EIN
- 06-1839109
Organization Overview
Yfc Inc is located in Omaha, NE. The organization was established in 2008. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Yfc Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yfc 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 09/2022, Yfc Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.4m during the year ending 09/2022. While expenses have increased by 12.1% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING PEOPLE TOGETHER TO EXPERIENCE WORLD-CLASS MUSIC AND OTHER PROGRAMMING UNIQUE TO OUR AREA IN ORDER TO ENHANCE OMAHA'S REPUTATION AS A CULTURALLY VIBRANT CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S FLAGSHIP ANNUAL EVENT IS MAHA FESTIVAL, WHICH HIGHLIGHTS THE BEST OF OUR CITY AND MOBILIZES OUR COMMUNITY BY BRINGING IN NATIONAL MUSIC TALENT AND PROVIDING A PLATFORM FOR LOCAL MUSICIANS TO PERFORM, ENGAGING WITH DOZENS OF LOCAL PROGRAMMING PARTNERS, ATTRACTING THOUSANDS OF INDIVIDUALS TO VOLUNTEER EACH YEAR, AND OFFERING FREE ADMISSION TO CHILDREN AGES 10 AND YOUNGER. MAHA IS COMMITTED TO PROVIDING AN ACCESSIBLE EXPERIENCE FOR ALL, AND TO ENVIRONMENTAL SUSTAINABILITY WITH A PLEDGE TO DIVERT 90% OF ON-SITE WASTE FROM THE LANDFILL. 11,500 ATTENDED AND 850 VOLUNTEERED AT THE EVENT IN THE CENTER OF OMAHA ON JULY 29 & 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Baker Hansen Secretary | OfficerTrustee | 2 | $0 |
Erica Wassinger Vice President | OfficerTrustee | 2 | $0 |
Tj Twit President | OfficerTrustee | 2 | $0 |
Rob Rodriguez Treasurer | OfficerTrustee | 2 | $0 |
Hobson Powell Director | Trustee | 1 | $0 |
Shannon Gilroy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $721,692 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $737,292 |
| Total Program Service Revenue | $498,021 |
| Investment income | $12 |
| 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 | $1,235,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $214,068 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,875 |
| Payroll taxes | $17,109 |
| Fees for services: Management | $9,576 |
| Fees for services: Legal | $3,127 |
| Fees for services: Accounting | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,916 |
| Advertising and promotion | $31,518 |
| Office expenses | $6,301 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,900 |
| Travel | $0 |
| 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 | $26,139 |
| All other expenses | $83,039 |
| Total functional expenses | $1,426,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $648,792 |
| Savings and temporary cash investments | $1,742 |
| 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 | $650,534 |
| 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 | $14,072 |
| Total liabilities | $14,072 |
| Net assets without donor restrictions | $636,462 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $650,534 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Yfc Inc has recieved totaling $160,153.
| Awarding Organization | Amount |
|---|---|
Peter Kiewit Foundation Omaha, NE PURPOSE: TO PROVIDE TWO YEARS OF GENERAL OPERATING SUPPORT. | $50,000 |
Peter Kiewit Foundation Omaha, NE PURPOSE: TO PROVIDE TWO YEARS OF GENERAL OPERATING SUPPORT. | $50,000 |
Sherwood Foundation Omaha, NE PURPOSE: 2021 OPERATING GRANT | $50,000 |
Peter Kiewit Foundation Omaha, NE PURPOSE: TO PROVIDE CAPACITY BUILDING SUPPORT FOR PROFESSIONAL DEVELOPMENT AND COACHING. | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $153 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Aspen-Snowmass Aspen, CO | $5,325,438 | $11,239,996 |
Grand Teton Music Festival Inc Jackson, WY | $21,966,338 | $8,778,128 |
Jazz St Louis St Louis, MO | $11,818,193 | $2,884,733 |
Colorado Music Festival Boulder, CO | $2,219,616 | $3,012,496 |
Amp The Cause Denver, CO | $134,793 | $2,222,228 |
Strings Music Festival Steamboat Springs, CO | $9,630,765 | $2,301,723 |
Swallow Hill Music Association Denver, CO | $6,215,784 | $6,402,960 |
Youth On Record Denver, CO | $1,879,684 | $1,486,408 |
Ragtag Film Society Columbia, MO | $1,382,564 | $1,866,748 |
Radio Arts Foundation Clayton, MO | $3,517,540 | $1,458,263 |
Yfc Inc Omaha, NE | $650,534 | $1,235,325 |
Parlando Incorporated Boulder, CO | $1,273,068 | $2,033,961 |