El Dorado Festivals & Events Inc
- Assets
- $45.3m
- Revenue
- -$7.9m
- Investments
- $290.0k
- Employees
- 86
- Location
- El Dorado, AR
- Founding
- 11/2011
- Data as of
- 12/2022
- EIN
- 45-0831620
Organization Overview
El Dorado Festivals & Events Inc is located in El Dorado, AR. The organization was established in 2011. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, El Dorado Festivals & Events Inc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El Dorado Festivals & Events Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS A CELEBRATION OF SOUTHERN CULTURE & ARTS THROUGH AN ANNUAL CALENDAR OF FESTIVALS, SPECIAL EVENTS AND THEATRICAL PRODUCTIONS THAT PROVIDE THE REGION WITH AN INCREASED QUALITY OF LIFE AND GREATER SENSE OF CULTURAL APPRECIATION.
Describe the Organization's Program Activity:
THE ORGANIZATION'S MISSION IS TO CREATE AND SUSTAIN AN ARTS AND ENTERTAINMENT DESTINATION THAT ACTS AS A CATALYST FOR CULTURAL AND EDUCATIONAL CHANGE FOR THE REGION. THIS MISSION WILL BE ACCOMPLISHED THROUGH CONSTRUCTING AN ARTS AND ENTERTAINMENT DISTRICT IN DOWNTOWN EL DORADO, ARKANSAS AND PROGRAMMING THIS DISTRICT WITH AN ANNUAL CALENDAR OF EVENTS. THE ORGANIZATION COMPLETED PHASE 1 OF THE CONSTRUCTION AND STARTED CONDUCTING ARTS AND ENTERTAINMENT EVENTS IN SEPTEMBER 2017.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Williamson Member | Trustee | 1 | $0 |
Steve Cameron Member | Trustee | 0.5 | $0 |
Claiborne P Deming Member | Trustee | 0.5 | $0 |
R Madison Murphy Member | Trustee | 0.5 | $0 |
R Andrew Clyde Member | Trustee | 0.5 | $0 |
Charles A Hays Jr Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Diversified Construction & Designllc Construction Company | 12/30/21 | $212,080 |
Ysw Inc Talent Agency | 12/30/21 | $151,820 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,683 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $801,051 |
| All other contributions, gifts, grants, and similar amounts not included above | $774,362 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,646,096 |
| Total Program Service Revenue | $781,180 |
| Investment income | $12,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $81,403 |
| Net Gain/Loss on Asset Sales | -$10,410,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$7,906,004 |
| 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. | $200,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $506,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,594 |
| Payroll taxes | $55,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,747 |
| Fees for services: Accounting | $16,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $365,698 |
| Advertising and promotion | $105,041 |
| Office expenses | $35,033 |
| Information technology | $57,419 |
| Royalties | $0 |
| Occupancy | $268,759 |
| Travel | $15,358 |
| 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 | $468,022 |
| Insurance | $176,073 |
| All other expenses | $18,493 |
| Total functional expenses | $2,654,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $897,323 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $48,524 |
| Accounts receivable, net | $299,383 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,501 |
| Prepaid expenses and deferred charges | $133,143 |
| Net Land, buildings, and equipment | $40,582,125 |
| Investments—publicly traded securities | $3,010,250 |
| Investments—other securities | $290,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,716 |
| Total assets | $45,347,965 |
| Accounts payable and accrued expenses | $110,242 |
| Grants payable | $0 |
| Deferred revenue | $4,592 |
| 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 | $141,123 |
| Total liabilities | $255,957 |
| Net assets without donor restrictions | $45,092,008 |
| 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 | $45,347,965 |