Little Italy Festival Town Inc is located in Clinton, IN. The organization was established in 1967. According to its NTEE Classification (A54) the organization is classified as: History Museums, 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. Little Italy Festival Town 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 12/2023, Little Italy Festival Town Inc generated $26.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $38.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
EDUCATION, PRESERVATION & PROMOTION OF ITALIAN CULTURE AND HERITAGE BY HOLDING AN ANNUAL FESTIVAL EACH LABOR DAY WEEKEND IN CLINTON, INDIANA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jacqueline Cole-Roberts President | 2 | $0 | |
Anna Hollowell Vice President | 1 | $0 | |
Karmyn Newburn Treasurer | 2 | $0 | |
Joseph Stewart Secretary | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $2,109 |
Total Program Service Revenue | $0 |
Membership dues | $11,423 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $13,111 |
Other Revenue | $0 |
Total Revenue | $26,643 |
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 | $0 |
Occupancy, rent, utilities, and maintenance | $37,370 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $1,192 |
Total expenses | $38,562 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $35,978 |
Other assets | $0 |
Total assets | $131,632 |
Total liabilities | $10,329 |
Net assets or fund balances | $121,303 |