Cultural Festivals
- Assets
- $373.1k
- Revenue
- $578.2k
- Investments
- $0.0
- Employees
- 6
- Location
- St Louis, MO
- Founding
- 01/1994
- Data as of
- 12/2022
- EIN
- 43-1647435
Organization Overview
Cultural Festivals is located in St Louis, MO. The organization was established in 1994. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Cultural Festivals employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cultural Festivals 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 12/2022, Cultural Festivals generated $578.2k 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 (3.3%) each year. All expenses for the organization totaled $829.4k during the year ending 12/2022. 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
TO INSPIRE AND ENGAGE THE COMMUNITY WITH THE FOREMOST CELEBRATION OF EXCEPTIONAL VISUAL ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER 100,000 PEOPLE ATTENDED THE ANNUAL ST. LOUIS ART FAIR, A NON-THREATENING, FREE EVENT THAT IS A CELEBRATION OF VISUAL AND PERFORMING ARTS AND CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Engles Wipfler ESQ Chair | OfficerTrustee | 1 | $0 |
Patty Kellerhals Vice-Chair | OfficerTrustee | 1 | $0 |
Thomas Zetlmeisl Treasurer | OfficerTrustee | 1 | $0 |
Curran Coulter Member | OfficerTrustee | 1 | $0 |
Greg Belger Member | Trustee | 1 | $0 |
Alex Berger III Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,824 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,824 |
| Total Program Service Revenue | $358,189 |
| Investment income | $43 |
| 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 | $578,182 |
| 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. | $169,260 |
| Compensation of current officers, directors, key employees. | $56,205 |
| Compensation to disqualified persons | $42,222 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,196 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $258,866 |
| Advertising and promotion | $34,631 |
| Office expenses | $14,589 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,709 |
| Travel | $16,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $37,685 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,388 |
| Insurance | $20,696 |
| All other expenses | $6,958 |
| Total functional expenses | $829,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,657 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $37,500 |
| Accounts receivable, net | $16,744 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,799 |
| Prepaid expenses and deferred charges | $13,223 |
| Net Land, buildings, and equipment | $21,546 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,662 |
| Total assets | $373,131 |
| Accounts payable and accrued expenses | $6,732 |
| Grants payable | $0 |
| Deferred revenue | $17,289 |
| 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 | $100,090 |
| Total liabilities | $124,111 |
| Net assets without donor restrictions | $224,560 |
| Net assets with donor restrictions | $24,460 |
| 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 | $373,131 |