Celebrate Frederick Inc
- Assets
- $531.1k
- Revenue
- $230.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 04/2000
- Data as of
- 03/2023
- EIN
- 52-2131513
Organization Overview
Celebrate Frederick Inc is located in Frederick, MD. The organization was established in 2000. 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. Celebrate Frederick 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 03/2023, Celebrate Frederick Inc generated $230.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $254.5k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PLAN AND IMPLEMENT SPECIAL EVENTS AND ACTIVITIES TO OFFER THE COMMUNITY A SHARED CULTURAL EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE STREETS - FOR OVER 30 YEARS IN THE STREETS HAS BEEN REGARDED AS ONE OF FREDERICK'S BEST ANNUAL EVENTS! THIS OUTSTANDING OUTDOOR STREET FESTIVAL FEATURES NUMEROUS BLOCKS OF CONTINUOUS ENTERTAINMENT AND ACTIVITIES, MULTIPLE STAGES OF LIVE MUSIC, CHILDREN'S ACTIVITIES, FABULOUS FOOD, STROLLING ENTERTAINMENT AND MORE. THIS FREE EVENT IS HELD IN HISTORIC DOWNTOWN FREDERICK ALONG CARROLL CREEK LINEAR PARK AND MARKET STREET FROM CARROLL CREEK TO 7TH STREET. THE FESTIVAL DAY ALSO FEATURES THE ANNUAL MARKET STREET MILE AND THE UP THE CREEK PARTY. IN THE STREETS ATTRACTS FAMILY-ORIENTED AUDIENCES AND YOUNG ADULTS. DUE TO THE GREAT VARIETY OF ENTERTAINMENT THROUGHOUT THE EVENT, AGE GROUPS OF ATTENDEES VARY THROUGHOUT THE EVENT DAY. GEOGRAPHICALLY, THE FESTIVAL DRAWS AN AUDIENCE FROM THE LOCAL CITY AND COUNTY, AS WELL AS THE REGION INCLUDING WASHINGTON D.C., NORTHERN VIRGINIA, WASHINGTON COUNTY, MONTGOMERY COUNTY, CARROLL COUNTY, AND SOUTHERN PENNSYLVANIA. AVERAGE FESTIVAL ATTENDANCE - 75,000
SUMMER CONCERT SERIES - A SUNDAY NIGHT TRADITION IN FREDERICK, THESE FREE CONCERTS ARE HELD SUNDAY EVENINGS AT 7:00 PM IN JUNE, JULY AND AUGUST. PERFORMANCES FEATURE LOCAL, REGIONAL AND NATIONAL ACTS IN A VARIETY OF MUSICAL GENRES. VISITORS ARE ENCOURAGED TO BRING A CANNED FOOD ITEM, IN LIEU OF ADMISSION, TO BENEFIT THE FREDERICK COUNTY FOOD BANK. THE SUMMER CONCERT SERIES ATTRACTS AN AUDIENCE LARGELY BETWEEN THE AGES OF THE 25 AND 54. THE ZERO TO MINIMAL CONCERT COST AND PERFORMANCE VARIETY ATTRACTS CONCERT GOERS OF ALL INCOME LEVELS. GEOGRAPHICALLY, THE PERFORMANCES DRAW LARGELY FROM THE CITY AND COUNTY OF FREDERICK. AVERAGE CONCERT ATTENDANCE - 2,000 TO 3,000 (30,000 PER SEASON)
FREDERICK'S 4TH - FREDERICK'S 4TH HAS SERVED AS THE PREMIER 4TH OF JULY EVENT LOCALLY AND REGIONALLY FOR OVER 30 YEARS. FAMILIES FROM THE SURROUNDING REGION ENJOY A DAY PACKED WITH FREE OR LOW-COST ACTIVITIES AND ENTERTAINMENT. DUNK A FREDERICK CELEBRITY OR RACE A BATH TUB DOWN CULLER LAKE - THERE IS A LITTLE SOMETHING FOR EVERYONE. THE CELEBRATION BEGINS AT NOON AND IS CAPPED OFF BY AN AWARD-WINNING FIREWORKS DISPLAY AT DUSK. FREDERICK'S 4TH CELEBRATION ATTRACTS FAMILY-ORIENTED AUDIENCES AND YOUNG ADULTS. DUE TO THE GREAT VARIETY OF ACTIVITIES AND ENTERTAINMENT, AGE GROUPS OF ATTENDEES VARY THROUGHOUT THE EVENT DAY. GEOGRAPHICALLY, THE CELEBRATION DRAWS AN AUDIENCE FROM THE LOCAL CITY AND COUNTY, AS WELL AS THE REGION INCLUDING WASHINGTON D.C., NORTHERN VIRGINIA, WASHINGTON COUNTY, MONTGOMERY COUNTY, CARROLL COUNTY AND SOUTHERN PENNSYLVANIA.AVERAGE CELEBRATION ATTENDANCE - 70,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corinne Farenti President | OfficerTrustee | 1 | $0 |
Amy Koch Vice President | OfficerTrustee | 1 | $0 |
Clark Snow Treasurer | OfficerTrustee | 1 | $0 |
Allison Lanham Director | Trustee | 0.5 | $0 |
Emily Huebner Secretary | OfficerTrustee | 0.5 | $0 |
Beth Mason Director | Trustee | 1 | $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 | $88,322 |
| Noncash contributions included in lines 1a–1f | $3,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,322 |
| Total Program Service Revenue | $123,749 |
| Investment income | $6,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,592 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $230,314 |
| 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 | $11,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,680 |
| Office expenses | $5,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $420 |
| Total functional expenses | $254,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,886 |
| Savings and temporary cash investments | $335,481 |
| 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 | $10,410 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $105,297 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $531,074 |
| Accounts payable and accrued expenses | $24,535 |
| Grants payable | $0 |
| Deferred revenue | $14,840 |
| 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 | $39,375 |
| Net assets without donor restrictions | $491,699 |
| 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 | $531,074 |