Valley Fest Inc
- Assets
- $406.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dunlap, TN
- Founding
- 05/2011
- Data as of
- 06/2023
- EIN
- 27-5044333
Organization Overview
Valley Fest Inc is located in Dunlap, TN. The organization was established in 2011. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Valley Fest 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 06/2023, Valley Fest Inc generated $105.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 51.6% each year . All expenses for the organization totaled $119.9k during the year ending 06/2023. 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
CAPITAL IMPROVEMENTS FOR COMMUNITY PARKPRODUCE VALLEY FESTIVAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Reed Chairman | 5 | $0 | |
Marlene Basham Secretary Treasurer | 5 | $0 | |
Charlie Boring Board Member | 1 | $0 | |
Annette Brown Board Member | 1 | $0 | |
Jakey Cooley Board Member | 1 | $0 | |
Ronald Follett Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,427 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $495 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $19,320 |
| Other Revenue | $0 |
| Total Revenue | $105,242 |
| 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 | $53,100 |
| Occupancy, rent, utilities, and maintenance | $21,084 |
| Printing, publications, postage, and shipping | $2,558 |
| Other expenses | $43,181 |
| Total expenses | $119,923 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,459 |
| Other assets | $0 |
| Total assets | $406,839 |
| Total liabilities | $0 |
| Net assets or fund balances | $406,839 |