Carmel International Arts Festival
- Assets
- $136.4k
- Revenue
- $200.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 47-5216474
Organization Overview
Carmel International Arts Festival is located in Carmel, IN. The organization was established in 2015. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Carmel International Arts 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, Carmel International Arts Festival generated $200.3k 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 $138.7k during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CARMEL INTERNATIONAL ARTS FESTIVAL MISSION IS EDUCATING THE COMMUNITY THROUGH THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 WE HAD JUST ONE EVENT. THE CARMEL INTERNATIONAL ARTS FESTIVAL HELD ITS NAMESAKE EVENT, THE CARMEL INTERNATIONAL ARTS FESTIVAL, ON SEPTEMBER 24TH AND 25TH , OF 2022. ONE HUNDRED TWENTY-FOUR ARTISTS WERE PROVIDED WITH A FORUM TO DISPLAY THEIR WORKS. SEVEN NOT-FOR-PROFIT ORGANIZATIONS WERE PROVIDED SPACE TO SHARE THEIR STORIES AND MISSION WITH THE FESTIVAL VISITORS. THE FESTIVAL PROVIDED FOOD AND ENTERTAINMENT FOR ARTISTS, NOT-FOR-PROFITS, AND FESTIVAL VISITORS, FOR BOTH DAYS, THE FESTIVAL ATTRACTED APPROXIMATELY 30,000 VISITORS OVER THE WEEKEND. THE FESTIVAL EXTENDED THE MAIN STAGE ENTERTAINMENT INTO THE EVENING ON SATURDAY, A PRESENTATION CALLED ART ROCKS, BRINGING MUSIC TO THE MUSIC STAGE FOR A FAMILY FRIENDLY EVENT FROM 7:30 TO 11:00. THE FESTIVAL WAS THE ORGANIZATION'S PRINCIPAL EVENT OF THE YEAR. SEVEN ART ACHIEVEMENT SCHOLARSHIPS WERE AWARDED FOR TALENTED HIGH SCHOOL ART STUDENTS, NAMELY: ONE $2,500 WATER HONORARY SCHOLARSHIP, FOUR $1,500 BEST OF SHOW SCHOLARSHIPS AND TWO $1,500 INNOVATION IN THE ARTS SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Gilmer President | Officer | 8 | $0 |
Josh Carr Vice President | Officer | 6 | $0 |
Randall Cloe Treasurer | Officer | 3 | $0 |
Gretchen Randlett Secretary | Officer | 3 | $0 |
Meg Gates Osborne Exective Director | Trustee | 15 | $0 |
Jon Olson Board Member | Trustee | $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 | $116,330 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,330 |
| Total Program Service Revenue | $83,916 |
| Investment income | $8 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,907 |
| Office expenses | $72 |
| Information technology | $1,116 |
| Royalties | $0 |
| Occupancy | $1,000 |
| Travel | $1,871 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $26,408 |
| Total functional expenses | $138,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,369 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $136,369 |
| Accounts payable and accrued expenses | $1,000 |
| 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 | $1,000 |
| Net assets without donor restrictions | $135,369 |
| 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 | $136,369 |