North Carolina Fourth Of July Festival Inc
- Assets
- $44.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Southport, NC
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 56-1887229
Organization Overview
North Carolina Fourth Of July Festival Inc is located in Southport, NC. The organization was established in 2003. 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. North Carolina Fourth Of July Festival Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, North Carolina Fourth Of July Festival Inc generated $47.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $64.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
PROMOTION OF PATRIOTISM WITH THREE DAY CELEBRATION OF NATION'S INDEPENDENCE DAY WITH PARADE, CONCERTS, CHILDRENS EVENTS, NATURALIZATION CEREMONY, MILITARY DISPLAYS, FIREWORKS, FREEDOM RUN AND OTHER EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trisha Howarth Co-Chairpers | 0 | $0 | |
Ira Wayne Berry Past Festiva | 0 | $0 | |
Ted Carlsen Past Festiva | 0 | $0 | |
Duncan Hilburn Treasurer | 0 | $0 | |
Dr Ali Travis Board Member | 0 | $0 | |
Fran Carlsen Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $950 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $38,331 |
| Other Revenue | $0 |
| Total Revenue | $47,512 |
| 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 | $1,635 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $62,626 |
| Total expenses | $64,261 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,666 |
| Other assets | $0 |
| Total assets | $44,291 |
| Total liabilities | $5,610 |
| Net assets or fund balances | $38,681 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cullasaja Club Inc Highlands, NC | $18,372,890 | $6,912,030 |
National Automatic Merchandising Association Arlington, VA | $9,038,730 | $6,619,737 |
State Agricultural & Mechanical Society Of South Carolina Columbia, SC | $23,287,816 | $9,715,530 |
American Peanut Council Inc Alexandria, VA | $2,565,849 | $4,863,109 |
Friends Of The Festival Inc Chattanooga, TN | $2,789,360 | $3,355,227 |
Norfolk Festevents Ltd Norfolk, VA | $2,813,598 | $4,090,710 |
National D-Day Memorial Foundation Ltd Bedford, VA | $18,908,429 | $4,372,645 |
Sunbelt Agricultural Exposition Inc Moultrie, GA | $986,541 | $2,489,467 |
Fall For Greenville Inc Greenville, SC | $697,819 | $2,086,193 |
Virginia Beach Events Unlimited Inc Virginia Beach, VA | $1,283,401 | $2,894,814 |
Cobb County Fair Association Inc Kennesaw, GA | $4,772,972 | $2,682,405 |
Gcl&fa Inc Lawrenceville, GA | $4,980,328 | $2,365,085 |