Moisture Festival
- Assets
- $219.1k
- Revenue
- $523.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Seattle, WA
- Founding
- 06/2007
- Data as of
- 06/2022
- EIN
- 20-3366934
Organization Overview
Moisture Festival is located in Seattle, WA. The organization was established in 2007. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Moisture Festival employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moisture Festival 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 06/2022, Moisture Festival generated $523.9k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $415.8k during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 3 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
OUR MISSION IS TO ENRICH THE COMMUNITY BY PRESENTING AN AFFORDABLE ANNUAL FESTIVAL SHOWCASING THE ART OF LIVE COMEDY VARIETE TO ENCOURAGE THE CONTEMPORARY CREATIVITY THAT IS CONSTANTLY EMERGING AND TO EDUCATE PEOPLE ABOUT THE RICH HISTORY OF THE GENRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL FESTIVAL ACTIVITIES: OVER 25 LIVE PERFORMANCES OF COMEDY VARIETE ARTS WERE CONDUCTED FOR LOCAL AUDIENCES. VOLUNTEER LABOR AND LOW PERFORMER FEES ALLOWED MODEST TICKET PRICES FOR APPROXIMATELY 6,861 CHILDREN AND ADULTS TO EXPERIENCE AN INTERNATIONAL ARRAY OF COMEDY VARIETE ARTISTS AT THE LARGEST COMMUNITY SUPPORTED PROGRAM OF THIS TYPE IN THE WORLD. SERVICES VALUED AT $3,380 MATERIALS AND SUPPLIES VALUED AT $52,888 AND USE OF FACILITIES VALUED AT $5,250 WERE DONATED BY INDIVIDUALS AND THE LOCAL BUSINESS COMMUNITY PLUS MANY LOCAL COMMUNITY VOLUNTEER HOURS TO ENABLE THE MOISTURE FESTIVAL TO DELIVER ITS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charly Castors Trustee Producer | Trustee | 3 | $5,250 |
Robert Greco Trustee | Trustee | 1 | $0 |
Dan Shih Trustee | Trustee | 3 | $0 |
Michael Bailey Trustee | Trustee | 3 | $0 |
Maque Davis Trustee Producer | Trustee | 10 | $0 |
Ron Bailey President Producer Artistic Director | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,283 |
| Related organizations | $0 |
| Government grants | $141,703 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,848 |
| Noncash contributions included in lines 1a–1f | $52,888 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,834 |
| Total Program Service Revenue | $184,999 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,921 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $523,914 |
| 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. | $133,230 |
| Compensation of current officers, directors, key employees. | $18,218 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,573 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,198 |
| Advertising and promotion | $14,851 |
| Office expenses | $7,840 |
| Information technology | $14,846 |
| Royalties | $3,211 |
| Occupancy | $13,135 |
| Travel | $18,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $129 |
| Interest | $878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,118 |
| All other expenses | $2,323 |
| Total functional expenses | $415,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,926 |
| Savings and temporary cash investments | $21,002 |
| Pledges and grants receivable | $141 |
| 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 | $219,069 |
| Accounts payable and accrued expenses | $7,622 |
| 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 | $0 |
| Total liabilities | $7,622 |
| Net assets without donor restrictions | $211,447 |
| 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 | $219,069 |