Brookings Summer Folk Arts Festival Inc
- Assets
- $42.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brookings, SD
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 46-0375320
Organization Overview
Brookings Summer Folk Arts Festival Inc is located in Brookings, SD. The organization was established in 1999. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, 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. Brookings Summer Folk Arts Festival Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Brookings Summer Folk Arts Festival Inc generated $76.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $78.6k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3
A COMMITTEE OF APPROXIMATELY 50 PEOPLE IN OUR COMMUNITY ORGANIZE A TWO-DAY ARTS FESTIVAL TO PROMOTE APPRECIATION OF ART. THIS IS THE PREMIER ARTS FESTIVAL IN THE AREA. THE EVENT IS ATTENDED BY 50,000 TO 75,000 PEOPLE ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barb Johnson Secretary | 0 | $0 | |
Jean Stoebner Treasurer | 0 | $0 | |
Dan Kemp Board Member | 0 | $0 | |
Shari Budahl Avery Festival Cha | 0 | $0 | |
Phillip Keller Board Member | 0 | $0 | |
Erin Keller Festival Co | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $76,730 |
| Membership dues | $0 |
| Investment income | $52 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,782 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $14,401 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $64,149 |
| Total expenses | $78,550 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,065 |
| Other assets | $0 |
| Total assets | $42,065 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,065 |