Downpour Festival
- Assets
- $166.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Black Eagle, MT
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-0723883
Organization Overview
Downpour Festival is located in Black Eagle, MT. The organization was established in 2009. 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. Downpour 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 12/2021, Downpour Festival generated $173.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $105.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DOWNPOUR FESTIVAL IS COMMITTED TO PROVIDING CHRISTIAN CONCERTS FOR FREE TO THE PUBLIC. DOWNPOUR FESTIVAL BOOKS WELL KNOWN CHRISTIAN BANDS TO PERFORM FOR THE PUBLIC FREE OF CHARGE.
Describe the Organization's Program Activity:
Part 3
DOWNPOUR FESTIVAL IS COMMITTED TO PROVIDING FREE CHRISTIAN CONCERTS TO THE GENERAL PUBLIC. THE LARGEST PART OF DOWNPOUR FESTIVAL PROGRAM SERVICES IS THE CHRISTIAN MUSIC ARTISTS THEMSELVES. THEREFORE, THEY CONSTITUTE THE LARGEST EXPENSE.
LOENBRO EMPLOYEE ASSISTANCE FUND (LEAF): CONTRIBUTED FUNDS ARE PROVIDED TO AID EMPLOYEES IN FINANCIAL HARDSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathon Leach V President | 0 | $0 | |
Dustin Thompson Secretary | 0 | $0 | |
Paul Leach President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,804 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $173,804 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $853 |
| Occupancy, rent, utilities, and maintenance | $25,000 |
| Printing, publications, postage, and shipping | $375 |
| Other expenses | $78,745 |
| Total expenses | $104,973 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $164,136 |
| Other assets | $0 |
| Total assets | $166,576 |
| Total liabilities | $0 |
| Net assets or fund balances | $166,576 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downpour Festival has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $150,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grand Teton Music Festival Inc Jackson, WY | $21,966,338 | $8,778,128 |
Music Conservatory Of Sandpoint Inc Sandpoint, ID | $1,006,215 | $718,046 |
Rocky Mountain Songwriter Festivals Inc Red Lodge, MT | $60,452 | $262,480 |
Huron Hockey Association Inc Huron, SD | $734,788 | $159,073 |
Harmony South Dakota Sioux Falls, SD | $176,683 | $211,453 |
Original Oystergrass Inc Kemmerer, WY | $127,842 | $0 |
Idaho Music Educators Association Inc Aberdeen, ID | $189,755 | $199,873 |
John B And Dorothy D Duncan Concerts For For Music In The Park Foundation Billings, MT | $0 | $22,052 |
Boise Music Week Boise, ID | $327,371 | $0 |
Off The Charts Music Festival Cavalier, ND | $13,232 | $0 |
North Dakota Music Educators Association Bismarck, ND | $60,870 | $0 |
Black Hills Studios Of The Arts Rapid City, SD | $1,812 | $0 |