Shenandoah Apple Blossom Festival Inc
- Assets
- $1.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Winchester, VA
- Founding
- 02/2019
- Data as of
- 08/2023
- EIN
- 54-0377058
Organization Overview
Shenandoah Apple Blossom Festival Inc is located in Winchester, VA. The organization was established in 2019. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Shenandoah Apple Blossom Festival Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shenandoah Apple Blossom 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 08/2023, Shenandoah Apple Blossom Festival Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $2.1m during the year ending 08/2023. While expenses have increased by 2.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE APPLE BLOSSOM FESTIVAL TO THE COMMUNITY OF WINCHESTER, VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FESTIVAL IS AN ANNUAL EVENT WITH NUMEROUS ACTIVITIES INCLUDING: PARADES, CRAFT FAIR, DANCES, LUNCHEONS, ETC. THE EXPENSES LISTED ARE DIRECTLY RELATED TO THESE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Wilkins Jr Director | Trustee | 2 | $0 |
David C Thompson Director | Trustee | 2 | $0 |
Louann Thompson Director | Trustee | 2 | $0 |
Mike Stanfield Director | Trustee | 2 | $0 |
James R Robinson Director | Trustee | 2 | $0 |
Donald E Ratcliff Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,527 |
| Total Program Service Revenue | $2,195,602 |
| Investment income | $15,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,480 |
| Net Income from Gaming Activities | $7,996 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,279,080 |
| 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. | $83,134 |
| Compensation of current officers, directors, key employees. | $12,470 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,830 |
| Advertising and promotion | $8,288 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,936 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,300 |
| Interest | $4,064 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,214 |
| Insurance | $47,652 |
| All other expenses | $877,177 |
| Total functional expenses | $2,083,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,942 |
| Savings and temporary cash investments | $511,943 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,203 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $60 |
| Inventories for sale or use | $19,229 |
| Prepaid expenses and deferred charges | $9,925 |
| Net Land, buildings, and equipment | $66,834 |
| Investments—publicly traded securities | $127,631 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $224,846 |
| Total assets | $1,206,613 |
| Accounts payable and accrued expenses | $13,644 |
| Grants payable | $0 |
| Deferred revenue | $1,325 |
| 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 | $145,799 |
| Other liabilities | $197,029 |
| Total liabilities | $357,797 |
| Net assets without donor restrictions | $721,680 |
| Net assets with donor restrictions | $127,136 |
| 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 | $1,206,613 |