World Grits Festival
- Assets
- $59.3k
- Revenue
- $77.0
- Investments
- $0.0
- Employees
- 0
- Location
- St George, SC
- Founding
- 07/1988
- Data as of
- 07/2021
- EIN
- 57-0855640
Organization Overview
World Grits Festival is located in St George, SC. The organization was established in 1988. 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. World Grits Festival 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 07/2021, World Grits Festival generated $77.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (51.9%) each year. All expenses for the organization totaled $8.5k during the year ending 07/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION AND ENTERTAINMENT TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Myers Chairman | OfficerTrustee | 0 | $0 |
Tanya Britt Director | OfficerTrustee | 0 | $0 |
Casandra Frances Secretary | OfficerTrustee | 0 | $0 |
William M Utsey Jr Treasurer | OfficerTrustee | 0 | $0 |
Roy Judy Director | OfficerTrustee | 0 | $0 |
Ned Berry Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75 |
| 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 | $77 |
| Statement of Expenses | |
|---|---|
| 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 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 | $500 |
| 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 | $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 | $1,205 |
| Insurance | $1,354 |
| All other expenses | $0 |
| Total functional expenses | $8,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,022 |
| Savings and temporary cash investments | $14,991 |
| 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 | $1,208 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,347 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $103,600 |
| Total liabilities and net assets/fund balances | $59,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cullasaja Club Inc Highlands, NC | $18,372,890 | $6,912,030 |
State Agricultural & Mechanical Society Of South Carolina Columbia, SC | $23,287,816 | $9,715,530 |
Sunbelt Agricultural Exposition Inc Moultrie, GA | $986,541 | $2,489,467 |
Fall For Greenville Inc Greenville, SC | $697,819 | $2,086,193 |
Cobb County Fair Association Inc Kennesaw, GA | $4,772,972 | $2,682,405 |
Gcl&fa Inc Lawrenceville, GA | $4,980,328 | $2,365,085 |
Macon Georgia Cherry Blossom Festival Inc Macon, GA | $1,677,505 | $1,959,644 |
Association For Dressings & Sauces Atlanta, GA | $1,247,421 | $1,199,194 |
Western Carolina State Fair Foundation Inc Aiken, SC | $1,367,239 | $885,889 |
Wilson County Office Of Senior Citizens Affairs Inc Wilson, NC | $525,385 | $778,577 |
Charlotte Steeplechase Foundation Inc Mineral Springs, NC | $2,203,870 | $523,611 |
Piedmont Interstate Fair Assn Spartanburg, SC | $1,468,919 | $482,213 |