Riversong Music Festival
- Assets
- $10.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hutchinson, MN
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 47-3356814
Organization Overview
Riversong Music Festival is located in Hutchinson, MN. The organization was established in 2015. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Riversong Music Festival 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, Riversong Music Festival generated $119.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $114.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 4 years. 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
2022
Describe the Organization's Program Activity:
Part 3
SUCCESSFULLY COMPLETED OUR FESTIVAL IN 2022 AFTER A 2 YEAR HIATUS DUE TO THE PANDEMIC. HELD TO OUR ANNUAL BUDGET. FUNDRAISING COMMITTEE INCREASED DONATIONS BY 20% OVER 2019 WHICH WAS OUR LAST FESTIVAL. VOLUNTEER CHAIR FILLED ONLY 75% OF OUR VOLUNTEER SHIFTS AS VOLUNTEERS BECOME INCREASINGLY DIFFICULT TO FIND. PLANS TO INCREASE THAT FOR 2023. INCREASED EMPHASIS ON BOARD DEVELOPMENT AND RECRUITMENT. INCREASED EMPHASIS ON REACHING OUT TO THE UNDERSERVED COMMUNITY. POSITIVE FEEDBACK FROM SURVEYS ON LEVEL OF TALENT. 100% OF OUR PERFORMERS WERE FROM MINNESOTA. SUCCESSFUL GRANTS FROM THE MN STATE ARTS BOARD, SW REGIONAL ARTS COUNCIL, 3M, HUTCHINSON CHAMBER OF COMMERCE, WALMART, CASEY'S GENERAL STORES, AND TARGET. IDENTIFIED A NEED FOR "FLYING" THE LIGHTING STRUCTURES FOR THE STAGE. DEVELOPING PLANS WITH CITY, ENGINEERS AND LIGHTING TECHS FOR 2023 FESTIVAL. RIVERSONG WORKS WITH MORE THAN 100 LOCAL BUSINESSES AND PARTNERS TO SUPPORT OUR COMMITMENT TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Price Executive Di | 9 | $0 | |
Carol Stark Treasurer | 1 | $0 | |
Josh Campbell Talent Chair | 6 | $0 | |
Katy Hiltner Secretary | 2 | $0 | |
Kirk Kosel Sound & Stag | 3 | $0 | |
Roger Hartsuiker Sound & Stag | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,763 |
| Total Program Service Revenue | $50,957 |
| Membership dues | $0 |
| Investment income | $37 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $119,757 |
| 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 | $1,264 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $112,780 |
| Total expenses | $114,170 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,748 |
| Other assets | $0 |
| Total assets | $10,452 |
| Total liabilities | $0 |
| Net assets or fund balances | $10,452 |