Michigan Festivals & Events Foundation
- Assets
- $249.9k
- Revenue
- $199.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Flushing, MI
- Founding
- 12/1994
- Data as of
- 06/2022
- EIN
- 38-3156701
Organization Overview
Michigan Festivals & Events Foundation is located in Flushing, MI. The organization was established in 1994. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Michigan Festivals & Events Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Festivals & Events Foundation 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 06/2022, Michigan Festivals & Events Foundation generated $199.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $256.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL WORKSHOPS THAT BENEFIT THE VOLUNTEERS AND EVENT PLANNERS OF MICHIGAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL WORKSHOPS THAT BENEFIT THE VOLUNTEERS AND EVENT PLANNERS OF MICHIGAN
PROVIDE EDUCATIONAL WORKSHOPS THAT BENEFIT THE VOLUNTEERS AND EVENT PLANNERS OF MICHIGAN
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Szukhent CEO | Officer | 40 | $65,000 |
Dale Johnson Director | Trustee | 1 | $0 |
Ken Mattei Director | Trustee | 1 | $0 |
Linda Kelly Vice Chair | Trustee | 1 | $0 |
Jerry Preston Director | Trustee | 1 | $0 |
Henry Bowman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $53,525 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,175 |
| Total Program Service Revenue | $53,525 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,700 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,681 |
| Payroll taxes | $10,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,430 |
| Advertising and promotion | $12,417 |
| Office expenses | $7,673 |
| Information technology | $6,495 |
| Royalties | $0 |
| Occupancy | $2,996 |
| Travel | $1,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,180 |
| Insurance | $2,512 |
| All other expenses | $1,274 |
| Total functional expenses | $256,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210 |
| Savings and temporary cash investments | $46,980 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,560 |
| 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 | $0 |
| Net Land, buildings, and equipment | $178,121 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $249,871 |
| Accounts payable and accrued expenses | $4,916 |
| 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 | $151,837 |
| Other liabilities | $4,019 |
| Total liabilities | $160,772 |
| Net assets without donor restrictions | $0 |
| 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 | $89,099 |
| Total liabilities and net assets/fund balances | $249,871 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michigan Festivals & Events Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Flint And Genesee Chamber Foundation Flint, MI PURPOSE: RESTART OTHER | $10,000 |
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 |