Valparaiso Community Festivals & Events Inc
- Assets
- $412.7k
- Revenue
- $842.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Valparaiso, IN
- Founding
- 03/1986
- Data as of
- 12/2021
- EIN
- 35-1641452
Organization Overview
Valparaiso Community Festivals & Events Inc is located in Valparaiso, IN. The organization was established in 1986. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Valparaiso Community Festivals & Events Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valparaiso Community Festivals & Events 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, Valparaiso Community Festivals & Events Inc generated $842.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $682.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 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
TO PROMOTE CIVIC AND CHARITABLE WORK, AND IN FURTHERANCE THEREOF, AND CONSISTENT WITH CHARITABLE MEANS AND FOR THE GENERAL PUBLIC INTEREST AND BENEFIT, TO ORGANIZE, PROMOTE, ADMINISTER AND SPONSOR EVENTS IN THE CITY OF VALPARAISO, INDIANA. TO PUBLICIZE, COORDINATE AND DIRECT ALL ACTIVITIES OF SUCH EVENTS AND THE PROMOTION OF THE VALPARAISO AREA. TO SEEK CHARITABLE ORGANIZATIONS OF PORTER COUNTY AND SURROUNDING COMMUNITIES. TO ATTRACT PARTICIPATION OF THE HIGHEST QUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE, PROMOTE, ADMINISTER AND SPONSOR A WINE FESTIVAL WITH WINE SAMPLING, LIVE MUSIC, AND LOCAL CUISINE.
ORGANIZE, PROMOTE, ADMINISTER AND SPONSOR AN ANNUAL POPCORN FESTIVAL ON THE FIRST SATURDAY AFTER LABOR DAY IN THE CITY OF VALPARAISO, INDIANA.
ORGANIZE, PROMOTE, ADMINISTER AND SPONSOR A BEER FESTIVAL WITH WITH BEER TASTINGS, LIVE ENTERTAINMENT, FOOD, AND HOME BREWING DEMONSTRATIONS.
ORGANIZE, PROMOTE, ADMINISTER, AND SPONSOR EVENT FORM JUNE THROUGH AUGUST IN THE CITY OF VALPARAISO, INDIANA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina St Aubin Outgoing Executive Director | Officer | 40 | $30,833 |
Katherine Abel Incoming Executive Director | Officer | 40 | $29,655 |
Gina Miller Interim Executive Director | Officer | 40 | $7,615 |
Aaron Ingram Chair | OfficerTrustee | 1 | $0 |
Pat Mcginley Treasurer | OfficerTrustee | 1 | $0 |
Doug Mogck Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,475 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,922 |
| Total Program Service Revenue | $409,524 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,005 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $842,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $71,111 |
| Compensation of current officers, directors, key employees. | $30,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,467 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $73,227 |
| Office expenses | $21,275 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,092 |
| Travel | $840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $566 |
| Interest | $637 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,971 |
| Insurance | $1,565 |
| All other expenses | $160,780 |
| Total functional expenses | $682,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,412 |
| Savings and temporary cash investments | $242,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,336 |
| Net Land, buildings, and equipment | $69,889 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,203 |
| Total assets | $412,740 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,037 |
| Total liabilities | $9,037 |
| Net assets without donor restrictions | $396,203 |
| Net assets with donor restrictions | $7,500 |
| 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 | $412,740 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valparaiso Community Festivals & Events Inc has recieved totaling $9,153.
| Awarding Organization | Amount |
|---|---|
Porter County Community Foundation Inc Valparaiso, IN PURPOSE: TO ASSIST THE ORGANIZATION IN FURTHERING ITS EXEMPT PURPOSE | $9,153 |
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 |