The Crape Myrtle Festival Incorporated
- Assets
- $21.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 07/1993
- Data as of
- 12/2023
- EIN
- 56-1743355
Organization Overview
The Crape Myrtle Festival Incorporated is located in Raleigh, NC. The organization was established in 1993. 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. Crape Myrtle Festival Incorporated 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 12/2023, Crape Myrtle Festival Incorporated generated $84.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $85.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
GRANTS PROVIDED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos O'neal President | 0 | $0 | |
Justin Naatvig Vice President | 0 | $0 | |
Elizabeth Hipps Treasurer | 0 | $0 | |
Kurt Hurelbrink Secretary | 0 | $0 | |
Jeff Haasz Board Member | 0 | $0 | |
Christopher Domingo Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,129 |
| Total Program Service Revenue | $84,784 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$39,830 |
| Other Revenue | $0 |
| Total Revenue | $84,083 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $554 |
| Other expenses | $3,888 |
| Total expenses | $85,627 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,350 |
| Other assets | $0 |
| Total assets | $21,350 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,350 |