Frankfort Bluegrass Festival Inc
- Assets
- $16.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, IL
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 27-4681310
Organization Overview
Frankfort Bluegrass Festival Inc is located in Frankfort, IL. The organization was established in 2012. 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. Frankfort Bluegrass Festival Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Frankfort Bluegrass Festival Inc generated $4.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (41.3%) each year. All expenses for the organization totaled $1.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (50.4%) per year over the past 5 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 Program Activity:
Part 3
NORMALLY PRESENT A FREE TWO DAY BLUEGRASS FEST,ATTENDED BY THOUSANDS WHO SAW DOZENS OF BANDS DURING 40 HRS OF SHOWS. 2021 COVID CANCELLATION1395
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Thompson Secretary-Treasurer | 2 | $0 | |
Steven Haberichter President | 5 | $0 | |
Brooke Groszek Director | 2 | $0 | |
Jennifer Wonell Director | 2 | $0 | |
Jon Hamilton Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,039 |
| 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 | $4,039 |
| 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 | $600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $850 |
| Total expenses | $1,450 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,544 |
| Other assets | $0 |
| Total assets | $16,544 |
| Total liabilities | $0 |
| Net assets or fund balances | $16,544 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Frankfort Bluegrass Festival Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Frankfort Chamber Nfp Frankfort, IL | | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grant Park Orchestral Association Chicago, IL | $15,259,948 | $7,547,765 |
Jazz St Louis St Louis, MO | $11,818,193 | $2,884,733 |
Chicago Sinfonietta Inc Chicago, IL | $3,675,444 | $3,506,738 |
Ragtag Film Society Columbia, MO | $1,382,564 | $1,866,748 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Music Of The Baroque Concert Series Inc Chicago, IL | $2,610,285 | $1,900,263 |
Radio Arts Foundation Clayton, MO | $3,517,540 | $1,458,263 |
Great American Songbook Foundation Inc Carmel, IN | $8,944,393 | $1,441,715 |
Glenview Stars Hockey Assn 5 Glenview Ice Center Glenview, IL | $561,491 | $1,280,609 |
Saturday In The Park Inc Sioux City, IA | $111,911 | $911,266 |
Birch Creek Music Performance Center Inc Egg Harbor, WI | $4,670,702 | $1,564,605 |
Intonation Music Workshop Chicago, IL | $400,867 | $959,526 |