Frankfort Bluegrass Festival Inc
- Assets
- $48.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, IL
- Founding
- 02/2012
- Data as of
- 12/2023
- 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 12/2023, Frankfort Bluegrass Festival Inc generated $127.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $122.5k during the year ending 12/2023. While expenses have increased by 14.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PRESENT A FREE TWO DAY BLUEGRASS FEST,ATTENDED BY THOUSANDS WHO SAW DOZENS OF BANDS DURING 40 HRS OF SHOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Thompson Secretary-Treasurer | 2 | $0 | |
Steven Haberichter President | 5 | $0 | |
Jon Hamilton Director | 2 | $0 | |
Brooke Groszek Director | 2 | $0 | |
Jennifer Wonell Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,173 |
| 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 | $127,173 |
| 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 | $79,343 |
| Occupancy, rent, utilities, and maintenance | $4,560 |
| Printing, publications, postage, and shipping | $38,618 |
| Other expenses | $0 |
| Total expenses | $122,521 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,326 |
| Other assets | $0 |
| Total assets | $48,326 |
| Total liabilities | $0 |
| Net assets or fund balances | $48,326 |