Three Rivers Festival Executive Board Inc
- Assets
- $195.6k
- Revenue
- $834.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Fort Wayne, IN
- Founding
- 06/1976
- Data as of
- 09/2021
- EIN
- 35-1338028
Organization Overview
Three Rivers Festival Executive Board Inc is located in Fort Wayne, IN. The organization was established in 1976. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Three Rivers Festival Executive Board Inc employed 4 individuals. This organization is the central organization for a national or regional group of organizations. Three Rivers Festival Executive Board 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 09/2021, Three Rivers Festival Executive Board Inc generated $834.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $710.7k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZE AN ANUUAL 9-DAY CELEBRATION OF THE FORT WAYNE COMMUNITY WITH RECREATIONAL AND EDUCATIONAL ACTIVITIES FOR THE WHOLE FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE AN ANNUAL 9-DAY FESTIVAL CELEBRATING THE FORT WAYNE AND NORTHEAST INDIANA COMMUNITY WHICH HAD AN ESTIMATED ATTENDANCE OF 278,0000 IN 2021. EVENTS OF WHICH 80% ARE FREE TO THE PUBLIC, INCLUDE AN ARTS FAIR, CHILDREN'S ACTIVITIES, SENIOR'S EVENTS, NATIONAL ACTS, CONCESSIONS, A MARKETPLACE AND A PARADE. DUE TO THE COVID-19 PANDEMIC, THE BOARD DECIDED TO CANCEL THE PARADE AND SENIOR'S EVENTS FOR THE 2021 FESTIVAL FOR HEALTH AND SAFETY REASONS.
ORGANIZE AN ANNUAL 9-DAY FESTIVAL CELEBRATING THE FORT WAYNE AND NORTHEAST INDIANA COMMUNITY WHICH HAD AN ESTIMATED ATTENDANCE OF 278,000 IN 2021. EVENTS OF WHICH 80% ARE FREE TO THE PUBLIC, INCLUDE AN ARTS FAIR, CHILDREN'S ACTIVITIES, SENIOR'S EVENTS, NATIONAL ACTS, CONCESSIONS, A MARKETPLACE AND A PARADE. DUE TO THE COVID-19 PANDEMIC, THE BOARD DECIDED TO CANCEL THE PARADE AND SENIOR'S EVENTS FOR THE 2021 FESTIVAL FOR HEALTH AND SAFETY REASONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Jaxtheimer Former Execu | Officer | 40 | $39,505 |
Justin Shurley Executive Di | Officer | 40 | $13,385 |
John Nichter President | OfficerTrustee | 0.5 | $0 |
Sara Roach Treasurer | OfficerTrustee | 0.5 | $0 |
Dave Goode Past Preside | OfficerTrustee | 0.5 | $0 |
Jerry White Vp-Admin | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,069 |
| Total Program Service Revenue | $800,911 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$6,469 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $834,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,927 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,868 |
| Compensation of current officers, directors, key employees. | $18,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,199 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,287 |
| Payroll taxes | $14,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,359 |
| Advertising and promotion | $53,111 |
| Office expenses | $32,963 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,536 |
| Travel | $4,033 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,677 |
| Insurance | $41,820 |
| All other expenses | $135,287 |
| Total functional expenses | $710,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,576 |
| Savings and temporary cash investments | $40,323 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,318 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,437 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,235 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,671 |
| Total assets | $195,560 |
| Accounts payable and accrued expenses | $17,380 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $45,105 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $62,485 |
| Net assets without donor restrictions | $133,075 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $195,560 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Three Rivers Festival Executive Board Inc has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Parkview Health System Inc Fort Wayne, IN PURPOSE: SPONSORSHIP FOR FIREWORKS, KIDS FUN RUN, INTERNATIONAL VILLAGE | $15,000 |
Parkview Health System Inc Fort Wayne, IN PURPOSE: SPONSORSHIP FOR FIREWORKS, KIDS FUN RUN, INTERNATIONAL VILLAGE | $15,000 |
Parkview Health System Inc Fort Wayne, IN PURPOSE: SPONSORSHIP FOR FIREWORKS, KIDS FUN RUN, INTERNATIONAL VILLAGE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard M Fairbanks Foundation Inc Indianapolis, IN | $343,052,565 | $13,782,735 |
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
Kane County Fair St Charles, IL | $21,061,651 | $1,916,331 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |
Lake County Fair Association Grayslake, IL | $27,796,345 | $1,095,277 |
Walworth County Agricultural Society Elkhorn, WI | $2,948,383 | $904,049 |
Shawano Area Agricultural Society Inc Shawano, WI | $1,017,818 | $1,408,309 |
Southeast Missouri District Fair Association Inc Cape Girardeau, MO | $2,015,257 | $841,297 |