Finger Lakes Grassroots Festival Organization Inc
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Trumansburg, NY
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 16-1411913
Organization Overview
Finger Lakes Grassroots Festival Organization Inc is located in Trumansburg, NY. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Finger Lakes Grassroots Festival Organization Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finger Lakes Grassroots Festival Organization 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 12/2021, Finger Lakes Grassroots Festival Organization Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $813.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE MUSIC FESTIVALS AND OTHER MULTI-CULTURAL EVENTS AND TO RAISE FUNDS FOR VARIOUS COMMUNITY BASED NON-PROFIT ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE IN OUR 31ST YEAR OF PROVIDING AN EXPANDED NUMBER OF MULTI-CULTURAL EVENTS IN NEW YORK, NORTH CAROLINA AND FLORIDA . THIS INCLUDES THE FINGER LAKES GRASSROOTS FESTIVAL, THE SHAKORI HILLS GRASSROOTS FESTIVAL, AND THE VIRGINIA KEY GRASSROOTS FESTIVAL. THE ORGANIZATION FUNDS COLLABORATIVE OUTREACH TO INSPIRE YOUTH THROUGH MUSIC WITH THE ROOTS IN THE SCHOOLS PROGRAM, AS WELL AS MAINTAINING A MOBILE STAGE AVAILABLE TO COMMUNITY MEMBERS FOR PERFORMANCE EVENTS. LOCAL CHARITIES RECEIVED SUPPORT FROM THE ORGANIZATION THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarissa Farrell Secretary | OfficerTrustee | 40 | $3,937 |
James Puryear President | OfficerTrustee | 20 | $0 |
Thomas Mann Treasurer | OfficerTrustee | 15 | $0 |
Cheryl Lauterborn Trustee | Trustee | 2 | $0 |
Richard Stearns Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $906,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,339 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $974,023 |
| Total Program Service Revenue | $495,692 |
| Investment income | $116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,177 |
| 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 | $63,093 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,539,101 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,605 |
| 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 | $9,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,508 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,433 |
| Office expenses | $18,478 |
| Information technology | $299 |
| Royalties | $0 |
| Occupancy | $11,806 |
| Travel | $2,809 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,046 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,526 |
| Insurance | $13,666 |
| All other expenses | $20,818 |
| Total functional expenses | $813,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $459,111 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,076 |
| Loans from Officers, Directors, or Controlling Persons | $11 |
| 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 | $1,116,761 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $199 |
| Other assets | $0 |
| Total assets | $1,623,158 |
| Accounts payable and accrued expenses | $31,398 |
| 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 | $54,914 |
| Secured mortgages and notes payable | $587,658 |
| Unsecured mortgages and notes payable | $165,930 |
| Other liabilities | $1,258 |
| Total liabilities | $841,158 |
| Net assets without donor restrictions | $782,000 |
| 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 | $1,623,158 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Finger Lakes Grassroots Festival Organization Inc has recieved totaling $7,320.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,320 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |