Athfest Incorporated
- Assets
- $1.0m
- Revenue
- $640.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Athens, GA
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 20-0425341
Organization Overview
Athfest Incorporated, operating under the name Athfest Educates, is located in Athens, GA. The organization was established in 2004. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Athfest Educates 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, Athfest Educates generated $640.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $404.9k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 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.
Since 2015, Athfest Educates has awarded 16 individual grants totaling $262,590. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ATHFEST EDUCATES ADVANCES HIGH-QUALITY MUSIC AND ARTS EDUCATION FOR LOCAL YOUTH AND THE ATHENS COMMUNITY THROUGH DIRECT SUPPORT AND COMMUNITY-BASED PROGRAMS AND EVENTS, INCLUDING AN ANNUAL MUSIC AND ARTS FESTIVAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHFEST EDUCATES PRODUCES THE ANNUAL ATHFEST MUSIC & ARTS FESTIVAL. UNFORTUNATELY, ATHFEST SHOWCASES LOCAL, REGIONAL AND NATIONAL TALENT TO ATHENS RESIDENTS AND RESIDENTS OF SURROUNDING COMMUNITIES AND STATES. OVER THE PAST 25 YEARS THE FESTIVAL HAS GAINED A DEDICATED FAN BASE AND WE SEE FESTIVAL GOERS FROM ALL OVER GEORGIA AND THE SOUTHEAST. THE ATHENS CONVENTION AND VISITORS BUREAU ESTIMATES THAT APPROXIMATELY 60,000 PEOPLE ATTEND ATHFEST ANNUALLY. THE FESTIVAL GIVES MORE THAN 120 MUSICIANS AN OPPORTUNITY TO PERFORM LIVE AND GET THEIR MUSIC OUT TO THOUSANDS OF FANS THEY MAY NOT HAVE REACHED OTHERWISE. LESS THAT 10% OF THE BANDS WHO APPLY TO PERFORM AT ATHFEST ARE ACCEPTED TO PERFORM ON THE MAIN AND SECOND STAGES. IN ADDITION, NEARLY 60 LOCAL AND REGIONAL ARTISTS SHOWCASE THEIR ART IN THE ATHFEST ARTISTS MARKET. THIS ARTIST MARKET IS A JURIED ARTIST MARKET AND ATHFEST TAKES PRIDE IN SELECTING HIGH-QUALITY ARTIST TO PARTCIPATE.
ATHFEST EDUCATES ACCEPTS GRANT APPLICATIONS FROM LOCAL EDUCATORS AND YOUTH DEVELOPMENT SPECIALTIES WORKING IN ATHENS, GA SCHOOLS, 501(C)(3) NONPROFITS, COMMUNITY ORGANIZATIONS, AND GOVERNMENT PROGRAMS WITH K-12 YOUTH IN THE AREAS OF MUSIC AND ARTS EDUCATION. ATHFEST EDUCATES AWARDS GRANTS ANNUALLY TO SUPPORT THE ADVANCEMENT OF HIGH-QUALITY MUSIC AND ARTS EDUCATION PROGRAMS. ON AVERAGE, ATHFEST EDUCATES GRANTS SERVE APPROXIMATELY 6,000 STUDENTS EACH YEAR. THESE GRANTS ENABLE YOUNG PEOPLE TO ATTEND LIVE, PROFESSIONAL MUSICAL AND ARTISTIC PERFORMANCES AND INSTALLATIONS, PARTICIPATE IN HANDS-ON MUSIC AND ARTS PROGRAMS, AND INCREASE THEIR ACCESS TO, AND USE OF,PROFESSIONAL MUSIC AND ARTS EQUIPMENT. IN ADDITION, ATHFEST EDUCATES PROUDLY AWARDS GRANTS TO PERMIT EDUCATORS AND YOUTH DEVELOPMENT SPECIALTIES TO ATTEND PROFESSIONAL DEVELOPMENT OPPORTUNITIES. AS OF 2022, ATHFEST EDUCATES HAS AWARDED OVER 476,000 IN GRANTS.
THE ULTIMATE MISSION OF ATHFEST EDUCATES IS TO ADVANCE MUSIC AND ARTS EDUCATION FOR THE YOUNG PEOPLE OF ATHENS. ONE WAY WE ACHIEVE THIS GOAL IS THROUGH THE KIDFEST COMPONENT OF THE ATHFEST MUSIC & ARTS FESTIVAL. KIDFEST IS A THREE-DAY CELEBRATION THAT SHOWCASES KID-FRIENDLY BANDS AND GIVES YOUTH AN OPPORTUNITY TO PARTICIPATE IN FREE ARTS-BASED ACTIVITIES APPROXIMATELY 3,000 YOUTH ATTEND KIDSFEST EACH YEAR. KIDSFEST PRIDES ITSELF ON GIVING UP-AND-COMING MIDDLE SCHOOL AND HIGH SCHOOL-AGED MUSICIANS THE STAGE AND A CHANCE TO PERFORM LIVE IN FRONT OF ATHFEST FESTIVAL-GOERS. WE BELIEVE THIS EXPOSURE, BE IT FOR BAND MEMBERS OR THEIR YOUNG FANS, IS BUILDING THE BASIS FOR MUSIC APPRECIATION AND ENCOURAGING ALL YOUTH TO GET EXCITED ABOUT PLAYING MUSIC. KIDSFEST IS FREE AND IS A DRAW FOR MANY OF OUR AREA'S LOW-INCOME RESIDENTS WHICH IS PARTICULARLY VALUABLE TO OUR MISSION SINCE LOW-INCOME COMMUNITIES OFTEN DO NOT HAVE THE FINANCIAL RESOURCES NEEDED TO ATTEND LIVE MUSICAL PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Joyce Executive Di | Trustee | 32 | $61,042 |
Cara Simmons Board Member | Trustee | 2 | $0 |
Josh Koons Treasurer | OfficerTrustee | 2 | $0 |
Lauren Corcino Board Member | Trustee | 2 | $0 |
Angela Hurt Board Member | Trustee | 2 | $0 |
Carole Black Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,486 |
| Related organizations | $0 |
| Government grants | $24,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,551 |
| Total Program Service Revenue | $359,807 |
| Investment income | $9,416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,509 |
| Net Income from Fundraising Events | $150,456 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $640,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,735 |
| 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. | $61,042 |
| Compensation of current officers, directors, key employees. | $30,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,735 |
| Payroll taxes | $4,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33 |
| Fees for services: Accounting | $1,763 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,343 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,465 |
| Office expenses | $2,137 |
| Information technology | $1,884 |
| Royalties | $0 |
| Occupancy | $6,350 |
| 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 | $4,621 |
| All other expenses | $62,264 |
| Total functional expenses | $404,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,651 |
| Savings and temporary cash investments | $358,920 |
| 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 | $371,673 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $475 |
| Total assets | $1,002,719 |
| 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 | $4,024 |
| Total liabilities | $4,024 |
| Net assets without donor restrictions | $998,695 |
| 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 | $1,002,719 |
Grants Awarded
Over the last fiscal year, Athfest Incorporated has awarded $34,708 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLARKE COUNTY SCHOOL DIST PURPOSE: MUSIC EQUIPMENT | $11,038 |
OTHER GRANTS | | | $23,670 |