Mt Vernon Festivals Inc
- Assets
- $66.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Vernon, IL
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 45-5380442
Organization Overview
Mt Vernon Festivals Inc is located in Mount Vernon, IL. The organization was established in 2014. According to its NTEE Classification (A27) the organization is classified as: Community Celebrations, 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. Mt Vernon Festivals 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, Mt Vernon Festivals Inc generated $32.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $3.7k during the year ending 12/2021. 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
ORGANIZE AND OPERATE THE BEST FESTIVALS IN THE COUNTRY IN ORDER TO EARN AND MAINTAIN MT. VERNON'S FESTIVAL ARTS CITY REPUTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Schrum Executive Dir. | 4 | $0 | |
Rex Cusamano Treasurer | 1 | $0 | |
Jason Hulbert President | 1 | $0 | |
Crystal Webster Director | 1 | $0 | |
Carl Bundy Director | 1 | $0 | |
Lisa Damron Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,444 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$19,608 |
| Other Revenue | $136 |
| Total Revenue | $31,972 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $295 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,361 |
| Total expenses | $3,656 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,624 |
| Other assets | $0 |
| Total assets | $66,624 |
| Total liabilities | $0 |
| Net assets or fund balances | $66,624 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mt Vernon Festivals Inc has recieved totaling $7.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Des Moines County Fair Association Burlington, IA | $225,891 | $0 |
Morgan County Sorghum Festival Inc West Liberty, KY | $7,221 | $0 |
Missouri Bbq Society Inc Jefferson City, MO | $21,739 | $0 |
Waterfire Kc Inc Kansas City, MO | $10,889 | $0 |
Mt Vernon Festivals Inc Mount Vernon, IL | $66,624 | $0 |