Grand Haven Coast Guard Festival Inc
- Assets
- $882.4k
- Revenue
- $842.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Grand Haven, MI
- Founding
- 08/1989
- Data as of
- 12/2021
- EIN
- 38-2392448
Organization Overview
Grand Haven Coast Guard Festival Inc is located in Grand Haven, MI. The organization was established in 1989. 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, Grand Haven Coast Guard Festival Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Haven Coast Guard Festival 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 12/2021, Grand Haven Coast Guard Festival Inc generated $842.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $669.8k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
HOSTING A FESTIVAL THAT PROVIDES FAMILY FRIENDLY ACTIVITIES; FOCUSING YEAR ROUND ON THE MEN AND WOMEN OF THE UNITED STATES COAST GUARD SERVING IN THE WEST MICHIGAN AREA; BUILDING RELATIONSHIPS WITH COAST GUARD LEADERSHIP THAT FOSTERS THE THEME OF GRAND HAVEN COAST GUARD CITY USA; AND CELEBRATING THE HISTORY OF THE UNITED STATES COAST GUARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSTING A FESTIVAL THAT PROVIDES FAMILY FRIENDLY ACTIVITIES; FOCUSING YEAR ROUND ON THE MEN AND WOMEN OF THE UNITED STATES COAST GUARD SERVING IN THE WEST MICHIGAN AREA; BUILDING RELATIONSHIPS WITH COAST GUARD LEADERSHIP THAT FOSTERS THE THEME OF GRAND HAVEN COAST GUARD CITY USA; AND CELEBRATING THE HISTORY OF THE UNITED STATES COAST GUARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Smith Executive Di | Officer | 40 | $73,424 |
Ken Bordua Chair | OfficerTrustee | 1 | $0 |
Bill Herbst Executive Vi | OfficerTrustee | 1 | $0 |
Kristen Klempel Op Vice Chai | OfficerTrustee | 1 | $0 |
Tracy Riley Op Vice Chai | OfficerTrustee | 1 | $0 |
Sharon Behm Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,238 |
| All other contributions, gifts, grants, and similar amounts not included above | $303,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $347,247 |
| Total Program Service Revenue | $486,719 |
| Investment income | $257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,631 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $842,897 |
| 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. | $73,424 |
| Compensation of current officers, directors, key employees. | $18,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,229 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,344 |
| Office expenses | $39,138 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,485 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,005 |
| Insurance | $4,604 |
| All other expenses | $0 |
| Total functional expenses | $669,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $350,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,500 |
| 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 | $17,125 |
| Net Land, buildings, and equipment | $236,252 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $274,622 |
| Total assets | $882,376 |
| Accounts payable and accrued expenses | $20,858 |
| Grants payable | $0 |
| Deferred revenue | $12,500 |
| 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 | $33,358 |
| Net assets without donor restrictions | $849,018 |
| 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 | $882,376 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grand Haven Coast Guard Festival Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Donald & Kimberlee Slager Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $20,000 |
Endowment Analysis
| Beg. Balance | $503,350 |
| Earnings | $77,559 |
| Ending Balance | $580,909 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairfield Healthcare Professionals Inc Lancaster, OH | $17,709,490 | $34,643,375 |
Richard M Fairbanks Foundation Inc Indianapolis, IN | $343,052,565 | $13,782,735 |
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
The Parade Company Detroit, MI | $3,309,193 | $3,267,080 |
Lorain County Agricultural Society Wellington, OH | $4,929,165 | $4,841,309 |
Mercer County Fairgrounds Inc Celina, OH | $1,357,772 | $2,172,389 |
Monroe County Fair Association Monroe, MI | $6,321,386 | $2,036,000 |
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 |
Cleveland National Air Show Inc Cleveland, OH | $1,205,857 | $2,047,075 |
Marion County Agricultural Society Inc Marion, OH | $712,159 | $1,483,488 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |