Michigan Fiber Festival Inc
- Assets
- $126.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hastings, MI
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 38-3288835
Organization Overview
Michigan Fiber Festival Inc is located in Hastings, MI. The organization was established in 1996. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Fiber 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, Michigan Fiber Festival Inc generated $107.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $98.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OUR ANNUAL FESTIVAL PROMOTES NATURAL FIBER BY PROVIDING EDUCATIONAL CLASSES, ANIMAL SHOWS AND THE CHANCE FOR THOSE IN THE NATURAL FIBER COMMUNITY TO SHOW AND SELL THEIR WARES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Parker-Adams Festival Dir | 22 | $14,500 | |
Jean Ann Wahl-Piotrowski Secretary | 0.5 | $4,700 | |
Sara Morris Director | 0.5 | $0 | |
Cyndi Ernst President | 0.5 | $0 | |
Danielle Williams Director | 0.5 | $0 | |
Juanita Manning-Walsh Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,534 |
| Total Program Service Revenue | $102,141 |
| Membership dues | $3,039 |
| Investment income | $822 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $107,536 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,100 |
| Professional fees and other payments to independent contractors | $22,065 |
| Occupancy, rent, utilities, and maintenance | $25,385 |
| Printing, publications, postage, and shipping | $1,148 |
| Other expenses | $30,474 |
| Total expenses | $98,172 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $125,976 |
| Other assets | $0 |
| Total assets | $126,677 |
| Total liabilities | $0 |
| Net assets or fund balances | $126,677 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |
Pewabic Society Inc Detroit, MI | $5,130,048 | $2,328,763 |
Artprize Grand Rapids Grand Rapids, MI | $1,087,754 | $2,849,118 |
Downtown Toledo Development Corporation Toledo, OH | $1,911,388 | $1,327,098 |
Birmingham Bloomfield Art Center Inc Birmingham, MI | $4,209,000 | $1,197,549 |
Fotofocus Cincinnati Cincinnati, OH | $11,862,912 | $5,313,747 |
Ann Arbor Art Association Ann Arbor, MI | $3,527,483 | $1,787,495 |
Intermuseum Conservation Association Cleveland, OH | $2,305,026 | $921,722 |
Art Spaces - Wabash Valley Outdoor Sculpture Collection Terre Haute, IN | $192,420 | $706,471 |
Floyd J Mccree Theatre Flint, MI | $399,343 | $750,052 |