Columbia Festival Inc
- Assets
- $839.3k
- Revenue
- $519.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Columbia, MD
- Founding
- 12/1988
- Data as of
- 07/2021
- EIN
- 52-1599803
Organization Overview
Columbia Festival Inc is located in Columbia, MD. The organization was established in 1988. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2021, Columbia Festival Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia 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 07/2021, Columbia Festival Inc generated $519.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $380.0k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ANNUAL FESTIVAL
Describe the Organization's Program Activity:
COLUMBIA FESTIVAL OF THE ARTS: THIS WAS A TRANSITION YEAR FOR CFA FROM PRODUCING A SINGLE ONCE A YEAR SIXTEEN DAY MULTI-ARTS FESTIVAL ATTRACTING 25,000 PLUS PEOPLE THAT PRESENTS 65 EVENTS IN DIFFERENT LOCATIONS IN COLUMBIA, MARYLAND TO A QUARTERLY FESTIVAL FORMAT PRESENTING EVENTS THROUGHOUT THE YEAR. IN THIS TRANSITION YEAR, CFA PRESENTED ONE WEEKEND QUARTERLY FESTIVAL IN THE SPRING AND THE LAST OF THE TRADITIONAL SIXTEEN DAY SUMMER FESTIVAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bram Berlin Treasurer | OfficerTrustee | $0 | |
Alison Hickman Vice Preside | OfficerTrustee | $0 | |
Laura Wetherald Secretary | OfficerTrustee | $0 | |
Mary Kay Sigaty President | OfficerTrustee | $0 | |
Karen Douglas At Large | Trustee | $0 | |
Amanda Hoff At Large | 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 | $391,056 |
| Noncash contributions included in lines 1a–1f | $111,325 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,056 |
| Total Program Service Revenue | $0 |
| Investment income | $128,817 |
| 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 | $519,873 |
| 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 | $133,710 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,039 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,625 |
| Fees for services: Accounting | $19,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,825 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $21,813 |
| Total functional expenses | $380,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,060 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,000 |
| 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 | $1,305 |
| Net Land, buildings, and equipment | $1,675 |
| Investments—publicly traded securities | $617,219 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $839,259 |
| Accounts payable and accrued expenses | $15,072 |
| 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 | $152,311 |
| Total liabilities | $167,383 |
| Net assets without donor restrictions | $661,876 |
| Net assets with donor restrictions | $10,000 |
| 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 | $839,259 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Columbia Festival Inc has recieved totaling $75,513.
| Awarding Organization | Amount |
|---|---|
Howard County Arts Council Ellicott City, MD PURPOSE: COMMUNITY ARTS DEVELOPMENT. | $59,493 |
Horizon Foundation Of Howard County Inc Columbia, MD PURPOSE: VIRTUAL PLATFORM-MENTAL HEALTH FILM FESTIVAL | $10,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Trust For Cultural Resources Pittsburgh, PA | $189,016,990 | $50,601,813 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
Boris Lurie Art Foundation Wilmington, DE | $0 | $786,286 |
One Common Unity Inc Washington, DC | $667,542 | $2,484,423 |
Sitar Arts Center Washington, DC | $12,189,332 | $3,951,154 |
Multicultural Community Family Services Inc Upper Darby, PA | $617,484 | $2,120,656 |
Rivers Of Steel Heritage Corporation Homestead, PA | $6,978,664 | $2,016,584 |