European Christmas Market
- Assets
- $352.0k
- Revenue
- $753.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 03/2017
- Data as of
- 02/2024
- EIN
- 46-2898442
Organization Overview
European Christmas Market is located in Saint Paul, MN. The organization was established in 2017. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. European Christmas Market 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 02/2024, European Christmas Market generated $753.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $592.6k during the year ending 02/2024. While expenses have increased by 36.6% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER GERMANIC ARTS AND HERITAGE AND REVIVE CULTURAL TRADITIONS, AND TO HOST AN AUTHENTIC, CHARMING, AND FAMILY FRIENDLY HOLIDAY EVENT IN MINNESOTA PATTERNED UPON EUROPEAN CHRISTMAS MARKETS THAT ARISE EACH YEAR BEFORE CHRISTMAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECM EXPANDED THE FESTIVAL AREA BY ALMOST 25% BY ADDING THE CHILDRENS MARKET WHICH IS CALLED SANTAS VILLAGE, WHERE CHILDREN ARE ENTERTAINED BY AND PARTICIPATE IN WHOLESOME CULTURAL ACTIVITIES OF PAINTING WOODEN TOYS, WRITE MESSAGES TO SANTA, MAIL LETTTERS TO SANTAS MAILBOX TO THE NORTH POLE. IN ADDITION, THE CHILDREN DECORATE GINGERBREAD COOKIES, THE SHAPES OF STARS TOYS, AND GINGERBREAD MEN. THE CHILDREN ALSO PAINTED AND DREW PICTURES. THIS NEW FEATURE OF THE ECM 2023 CHRISTMAS MARKET WAS A HUGE SUCCESS WITH OVER 200,000 PEOPLE ATTENDING.
ECM HAD OVER 60 CULTURAL PERFORMING GROUPS PROVIDING CULTURAL ENTERTAINMENT BY SINGING, DANCING, ALL IN PROPER CULTURAL DRESS FOR THEIR CULTURES FROM EUROPE, AND APPROPRIATE MUSICAL INSTRUMENTS, ALL OVER ONE-MONTH OF THE EUROPEAN CHRISTMAS FESTIVAL IN NOVEMBER AND DECEMBER 2023. WE ALSO PROVIDED A QUAINT, CULTURALLY APPROPRIATE CHRISTMAS MARKET WITH ATTRACTIVE HUTS AND KIOSKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renate Sharp President | Trustee | 4 | $0 |
Christian Engelbrecht Vice President | Trustee | 4 | $0 |
Claire Corvaisier Vice President | Trustee | 2 | $0 |
Ferdinand F Peters Treasurer | Trustee | 6 | $0 |
Lucy Egberd Secretary | Trustee | 2 | $0 |
Christine Burbach Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,294 |
| Total Program Service Revenue | $222,693 |
| Investment income | $0 |
| 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 | $422,094 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $753,081 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,021 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,740 |
| Fees for services: Legal | $18,344 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,607 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $35,605 |
| Insurance | $10,347 |
| All other expenses | $200,134 |
| Total functional expenses | $592,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,271 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $110,770 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $352,041 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $352,041 |
| 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 | $352,041 |