Springtime Tallahassee Festival Inc
- Assets
- $114.7k
- Revenue
- $409.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Tallahassee, FL
- Founding
- 02/2016
- Data as of
- 06/2022
- EIN
- 47-5306581
Organization Overview
Springtime Tallahassee Festival Inc is located in Tallahassee, FL. The organization was established in 2016. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Springtime Tallahassee Festival Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springtime Tallahassee Festival 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 06/2022, Springtime Tallahassee Festival Inc generated $409.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $335.3k during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 6 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
CORPORATION ORGANIZED PRIMARILY FOR CHARITABLE AND EDUCATIONAL PURPOSES AND EDUCATIONAL-RELATED ACTIVITIES, INCLUDING PROMOTING STATE-WIDE UNDERSTANDING AND EDUCATION OF THE HISTORY OF FLORIDA AND ITS CAPITAL CITY, TALLAHASSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPRINGTIME TALLAHASSEE FESTIVAL & GRAND PARADE - TWO DAY FESTIVAL WITH ARTS, CRAFTS AND FOOD VENDORS, MUSICAL ENTERTAINMENT AND PARADE.
OTHER - OTHER PROGRAM EXPENSES CONNECTED WITH ACHIEVING THE ORGANIZATION'S EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Faulkner President | OfficerTrustee | 3 | $0 |
Becky Scaringe General Chair | OfficerTrustee | 3 | $0 |
Matt Scaringe President Elect | OfficerTrustee | 3 | $0 |
Sean Marston Treasurer | OfficerTrustee | 3 | $0 |
Jodie Turner Secretary | OfficerTrustee | 3 | $0 |
Joel Jarrett Past President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,507 |
| Related organizations | $0 |
| Government grants | $126,701 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,488 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,696 |
| Total Program Service Revenue | $143,740 |
| 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 | $5,732 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$223 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $409,695 |
| 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. | $44,738 |
| Compensation of current officers, directors, key employees. | $22,557 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,802 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $924 |
| Payroll taxes | $3,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,970 |
| Office expenses | $5,103 |
| Information technology | $2,881 |
| Royalties | $0 |
| Occupancy | $52,549 |
| Travel | $1,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,714 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,851 |
| All other expenses | $0 |
| Total functional expenses | $335,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,600 |
| 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 | $750 |
| 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 | $114,695 |
| Accounts payable and accrued expenses | $874 |
| Grants payable | $0 |
| Deferred revenue | $24,869 |
| 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 | $17,118 |
| Total liabilities | $42,861 |
| Net assets without donor restrictions | $0 |
| 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 | $71,834 |
| Total liabilities and net assets/fund balances | $114,695 |