Cityfest Inc
- Assets
- $622.3k
- Revenue
- $772.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/1986
- Data as of
- 06/2021
- EIN
- 51-0255083
Organization Overview
Cityfest Inc is located in Wilmington, DE. The organization was established in 1986. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cityfest 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 06/2021, Cityfest Inc generated $772.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $507.8k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CULTURAL AND RECREATIONAL EVENTS TO THE CITY OF WILMINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLIFFORD BROWN JAZZ FEST & RIVERFRONT BLUES FESTIVAL - BOTH ARE 3 DAY OUTDOOR MUSIC FESTIVALS FOR THE GENERAL PUBLIC IN WILMINGTON, DE FEATURING LIVE MUSIC
MAYOR'S MARKETING INITIATIVE - CAMPAIGN TO HIGHLIGHT POSITIVE DEVELOPMENTS HAPPENING IN WILMINGTON, TO INCREASE CIVIC PRIDE, AND ATTRACT PEOPLE TO LIVE AND WORK IN WILMINGTON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Morris Vice President | OfficerTrustee | 2 | $0 |
Roseanne Prado Treasurer | OfficerTrustee | 2 | $0 |
Tina Betz President | OfficerTrustee | 2 | $0 |
Kimberly Doucette Director | Trustee | 2 | $0 |
Jessica Hurtt Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $582,950 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,698 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $758,648 |
| Total Program Service Revenue | $13,788 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $772,436 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $314,986 |
| Advertising and promotion | $92,132 |
| Office expenses | $9,970 |
| Information technology | $845 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $670 |
| 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 | $712 |
| Insurance | $0 |
| All other expenses | $37,015 |
| Total functional expenses | $507,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,944 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $504,452 |
| 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 | $10,261 |
| Net Land, buildings, and equipment | $654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $622,311 |
| Accounts payable and accrued expenses | $13,736 |
| 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 | $13,736 |
| Net assets without donor restrictions | $608,575 |
| 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 | $622,311 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cityfest Inc has recieved totaling $135,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $60,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $40,000 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: ASPHALT ART INITIATIVE FOR THE CITY OF WILMINGTON, DE | $25,000 |
Kenny Family Foundation Wilmington, DE PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
York County Agricultural Society York, PA | $13,244,124 | $7,172,303 |
Maryland State Fair And Agricultural Society Inc Timonium, MD | $17,597,510 | $10,711,144 |
Delaware State Fair Inc Harrington, DE | $38,669,423 | $11,284,455 |
Sussex County Farm And Horse Show Association Inc Branchville, NJ | $4,070,051 | $2,708,757 |
Pennsylvania Petroleum Association Inc Middletown, PA | $4,020,377 | $1,812,041 |
The Transportation Alliance Inc Silver Spring, MD | $2,936,416 | $1,182,648 |
Lebanon Valley Exposition Corp Lebanon, PA | $6,203,115 | $2,860,133 |
Saint Marys County Fair Association Incorporated Leonardtown, MD | $1,395,180 | $864,896 |
Shippenburg Community Fair Inc Shippensburg, PA | $1,614,223 | $708,589 |
Southern Lancaster County Community Fair Association Quarryville, PA | $1,262,472 | $778,151 |
Garrett County Agriculture Fair Inc Mchenry, MD | $3,982,036 | $482,122 |
Charles County Fair Inc La Plata, MD | $1,907,419 | $788,326 |