Georgia Mountain Fair Inc
- Assets
- $2.7m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Hiawassee, GA
- Founding
- 09/1976
- Data as of
- 10/2021
- EIN
- 58-1201642
Organization Overview
Georgia Mountain Fair Inc is located in Hiawassee, GA. The organization was established in 1976. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2023, Georgia Mountain Fair Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Mountain Fair 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 10/2021, Georgia Mountain Fair Inc generated $3.0m 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 (4.1%) each year. All expenses for the organization totaled $2.6m during the year ending 10/2021. 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
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
GEORGIA MOUNTAIN FAIR & MUSIC FESTIVALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Annast Director | Trustee | $0 | |
David Barrett Director | Trustee | $0 | |
Michael Bleckley Director | Trustee | $0 | |
Jim Mcconnell Director | Trustee | $0 | |
Danny Meeks Director | Trustee | $0 | |
Scott Newton Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,908 |
| Total Program Service Revenue | $2,503,489 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $173,542 |
| 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 | $2,959,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,090 |
| 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 | $157,637 |
| Pension plan accruals and contributions | $2,227 |
| Other employee benefits | $7,618 |
| Payroll taxes | $12,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $182,632 |
| Office expenses | $19,684 |
| Information technology | $32,597 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $71,188 |
| 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 | $69,064 |
| Insurance | $13,600 |
| All other expenses | $356,615 |
| Total functional expenses | $2,593,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $644,638 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,899 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,214 |
| Prepaid expenses and deferred charges | $14,846 |
| Net Land, buildings, and equipment | $2,028,326 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,730,923 |
| Accounts payable and accrued expenses | $137,802 |
| Grants payable | $0 |
| Deferred revenue | $79,077 |
| 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 | $1,036,097 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,000 |
| Total liabilities | $1,254,976 |
| Net assets without donor restrictions | $1,475,947 |
| 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 | $2,730,923 |