New Haven Festivals Inc
- Assets
- $497.1k
- Revenue
- $605.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 01/1997
- Data as of
- 12/2021
- EIN
- 22-3149569
Organization Overview
New Haven Festivals Inc is located in New Haven, CT. The organization was established in 1997. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Haven Festivals 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, New Haven Festivals Inc generated $605.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $531.6k during the year ending 12/2021. While expenses have increased by 10.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND PROMOTE CULTURAL ARTS EVENTS FOR THE CITY OF NEW HAVEN CT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT IN THE CREATION OF CULTURAL AND ARTS EVENTS IN THE CITY OF NEW HAVEN CT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Kozlowski Secretary Treasurer | OfficerTrustee | 0 | $0 |
Robert Parket Chairperson | OfficerTrustee | 0 | $0 |
Steve Freis Director | Trustee | 0 | $0 |
Errol Sanders Director | Trustee | 0 | $0 |
Nancy Franco Director | Trustee | 0 | $0 |
Thea Bauxbaum Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $394,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $605,402 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $605,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,719 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $63,950 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,463 |
| Office expenses | $17,661 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $2,489 |
| All other expenses | $0 |
| Total functional expenses | $531,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $495,465 |
| Savings and temporary cash investments | $0 |
| 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 | $1,594 |
| 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 | $497,059 |
| Accounts payable and accrued expenses | $31,644 |
| 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 | $31,644 |
| Net assets without donor restrictions | $0 |
| 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 | $465,415 |
| Total liabilities and net assets/fund balances | $497,059 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Haven Festivals Inc has recieved totaling $100,005.
| Awarding Organization | Amount |
|---|---|
IKEA US Community Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern States Exposition West Springfield, MA | $51,715,306 | $35,856,934 |
Erie County Agricultural Society Hamburg, NY | $60,939,761 | $12,196,655 |
Massachusetts Corrections Officers Federated Union Milford, MA | $5,016,192 | $3,161,226 |
New England Fuel Institute Inc Wilmington, MA | $718,912 | $1,881,576 |
Hampshire Franklin And Hampden Agricultural Soc Northampton, MA | $5,535,484 | $2,024,301 |
Rensselaer County Agricultural And Horticultural Society Schaghticoke, NY | $177,388 | $1,283,672 |
The Woodstock Agricultural Society Woodstock, CT | $6,649,911 | $1,484,894 |
A Taste Of Buffalo Inc Lancaster, NY | $218,839 | $1,255,644 |
Washington County Fair Inc Greenwich, NY | $4,674,177 | $1,578,526 |
Rochester Fringe Festival Inc Rochester, NY | $674,965 | $1,364,718 |
Ulster County Agricultural Society New Paltz, NY | $1,392,415 | $1,113,784 |
Columbia County Agricultural Society Chatham, NY | $1,929,227 | $813,177 |