Cedar Rapids Freedom Festival Inc

Organization Overview

Cedar Rapids Freedom Festival Inc is located in Cedar Rapids, IA. The organization was established in 1993. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Cedar Rapids Freedom Festival Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Rapids Freedom 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 09/2022, Cedar Rapids Freedom Festival Inc generated $416.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $473.1k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE CEDAR RAPIDS FREEDOM FESTIVAL, INC. CELEBRATES THE QUALITY OF LIFE IN EASTERN IOWA BY PROVIDING SAFE, AFFORDABLE, AND FUN ANNUAL EVENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CEDAR RAPIDS FREEDOM FESTIVAL IS A THREE WEEK FESTIVAL THAT CULMINATES IN THE 4TH OF JULY TRADITIONS AND PROGRAMMING. THIS INCLUDES THE PANCAKE BREAKFAST, CLASSIC CAR SHOW, AND CELEBRATION OF FREEDOM FIREWORKS DISPLAY. THIS IS THE LARGEST 4TH OF JULY FIREWORKS DISPLAY IN THE STATE OF IOWA. PROGRAMMING INCLUDES A CONCERT, KIDS PROGRAMMING, VENDORS, AND A 25-MINUTE FIREWORKS DISPLAY. THESE ACTIVITIES ARE ENJOYED BY MORE THAN 50,000 PEOPLE EACH 4TH OF JULY.


THE CEDAR RAPIDS FREEDOM FESTIVAL FOCUSES ON PROGRAMMING OPTIONS THAT ARE LOW OR NO COST FOR THE COMMUNITY. ONE SIGNATURE EVENT EACH SUMMER IS THE BALLOON GLOW. THIS EVENT FEATURES HOT AIR BALLOONS, A CONCERT, AND VENDORS. ADMISSION IS A FREEDOM FESTIVAL BUTTION (10) THAT ALSO PROVIDES YOU ADMISSION INTO ADDITIONAL PROGRAMMING EACH JUNE-JULY.


THE CEDAR RAPIDS FREEDOM FESTIVAL FOCUSES ON PROGRAMMING EACH JUNE AND JULY LEADING UP TO AND INCLUDING THE 4TH OF JULY PATRIOTIC HOLIDAY. ADDITIONAL PROGRAMMING OFFERED BY THE CEDAR RAPIDS FREEDOM FESTIVAL INCLUDE THE TRIBUTE TO HEROES DINNER, THE FREEDOM BIKE RIDE, A LASER LIGHT SHOW, A PARADE, AND A PATRIOTIC PORCH CONTEST.


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Board, Officers & Key Employees

Name (title)Compensation
Karol Shepherd
Executive Di
$60,231
Jeff Brunscheen
President
$0
Jill Costigan
Past Preside
$0
Jessica Mackey
Vice Preside
$0
Emily Upah
Secretary
$0
Joe Winters
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $28,514
All other contributions, gifts, grants, and similar amounts not included above$320,444
Noncash contributions included in lines 1a–1f $23,700
Total Revenue from Contributions, Gifts, Grants & Similar$348,958
Total Program Service Revenue$37,506
Investment income $5,478
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $14,237
Net Income from Fundraising Events $1,678
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $3,863
Miscellaneous Revenue$0
Total Revenue $416,931

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Cedar Rapids Freedom Festival Inc has recieved totaling $25,020.

Awarding OrganizationAmount
GreenState Credit Union UNION

North Liberty, IA

PURPOSE: Freedom Celebration

$25,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$20
View Grant Recipient Profile

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