Clear Lake Lunar Rendezvous Festival Inc
- Assets
- $349.2k
- Revenue
- $133.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Webster, TX
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 23-7122743
Organization Overview
Clear Lake Lunar Rendezvous Festival Inc is located in Webster, TX. The organization was established in 2006. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clear Lake Lunar Rendezvous Festival 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 12/2022, Clear Lake Lunar Rendezvous Festival Inc generated $133.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $92.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ARTS AND EDUCATION BY AWARDING COLLEGE SCHOLARSHIPS TO AREA HIGH SCHOOL SENIORS AND FUNDING LOCAL NONPROFIT ORGANIZATIONS IN THE BAY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEVERAL INDIVIDUAL SCHOLARSHIPS WERE AWARDED AND PAID OUT DURING THE YEAR. THESE WERE AWARDED TO COLLEGE STUDENTS MAJORING IN MUSIC FINE ARTS AND RELATED ACHIEVEMENT. THERE WERE 62 AWARDS OF $1,000 EACH MADE TO QUALIFYING STUDENTS.
FINANCIAL ASSISTANCE TO LOCAL LIBRARIES FINE ARTS ORGANIZATIONS AND FAMILY AND YOUTH ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Landolt Chairman | OfficerTrustee | 10 | $0 |
Dr Charles Schumacher Vice Chairman | OfficerTrustee | 5 | $0 |
Mary Ann Shallberg Secretary | OfficerTrustee | 5 | $0 |
Larry Jenson Treasurer | OfficerTrustee | 5 | $0 |
Dick Gregg Jr Parliamentarian | OfficerTrustee | 1 | $0 |
Kippy Carraway Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $133,415 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $133,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $62,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $4,082 |
| All other expenses | $23,481 |
| Total functional expenses | $92,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,337 |
| Savings and temporary cash investments | $267,842 |
| 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 | $349,179 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $349,179 |
| Total liabilities and net assets/fund balances | $349,179 |
Grants Awarded
Over the last fiscal year, Clear Lake Lunar Rendezvous Festival Inc has awarded $153,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS COLLEGES PURPOSE: Scholarships | $101,000 |
VARIOUS CHARITABLE PURPOSE: support community | $52,600 |