Decatur Celebration Inc
- Assets
- $96.4k
- Revenue
- $834.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Decatur, IL
- Founding
- 06/2010
- Data as of
- 10/2019
- EIN
- 37-1192909
Organization Overview
Decatur Celebration Inc is located in Decatur, IL. The organization was established in 2010. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2019, Decatur Celebration Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decatur Celebration 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 10/2019, Decatur Celebration Inc generated $834.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $794.9k during the year ending 10/2019. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCE A FREE ANNUAL FAMILY FESTIVAL HIGHLIGHTING ART, MUSIC, AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DECATUR CELEBRATION IS ONE OF THE MOST AGGRESSIVE QUALITY OF LIFE FESTIVALS IN THE MIDWEST EXPOSING THE PUBLIC TO VISUAL, EDUCATIONAL, AND PERFORMING ARTS IN A FREE FAMILY-FRIENDLY ATMOSPHERE.
DECATUR CELEBRATION IS ONE OF THE MOST AGGRESSIVE QUALITY OF LIFE FESTIVALS IN THE MIDWEST EXPOSING THE PUBLIC TO VISUAL, EDUCATIONAL, AND PERFORMING ARTS IN A FREE FAMILY-FRIENDLY ATMOSPHERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Sturgill Producer | Officer | 40 | $31,250 |
Jarrod Cox Producer | Officer | 40 | $23,375 |
Claudette Davis President | OfficerTrustee | 0 | $0 |
Dave Stout Secretary | OfficerTrustee | 0 | $0 |
Aric Lee Vice President | OfficerTrustee | 0 | $0 |
Michelle O'bryan Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,494 |
| Investment income | $0 |
| 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 | $0 |
| Net Income from Sales of Inventory | $32,822 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $834,924 |
| Statement of Expenses | |
|---|---|
| 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. | $54,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,398 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,702 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $108,550 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,617 |
| Travel | $2,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,663 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,835 |
| Insurance | $21,440 |
| All other expenses | $0 |
| Total functional expenses | $794,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,819 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| 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 | $16,795 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,413 |
| Accounts payable and accrued expenses | $9,394 |
| 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 | $0 |
| Total liabilities | $9,394 |
| Net assets without donor restrictions | $87,019 |
| 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 |
| Total liabilities and net assets/fund balances | $87,019 |
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