Macon Georgia Cherry Blossom Festival Inc
- Assets
- $1.7m
- Revenue
- $2.0m
- Investments
- $56.3k
- Employees
- 4
- Location
- Macon, GA
- Founding
- 05/1988
- Data as of
- 06/2022
- EIN
- 58-1648127
Organization Overview
Macon Georgia Cherry Blossom Festival Inc is located in Macon, GA. 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. As of 06/2022, Macon Georgia Cherry Blossom Festival Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Macon Georgia Cherry 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 06/2022, Macon Georgia Cherry Blossom Festival Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 3.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MACON, GEORGIA'S INTERNATIONAL CHERRY BLOSSOM FESTIVAL WORKS TO ENHANCE THE QUALITY OF LIFE, COMMUNITY FELLOWSHIP, AND CIVIC PRIDE OF ALL MACON AND MIDDLE GEORGIA RESIDENTS THROUGH THE ENCOURAGEMENT, DEVELOPMENT, AND COORDINATION OF SELECTED RECREATIONAL, CULTURAL, EDUCATIONAL AND SOCIAL ACTIVITIES. THROUGH EACH ACTIVITY THE CHERRY BLOSSOM FESTIVAL CELEBRATES THE MACON AND MIDDLE GEORGIA COMMUNITY BY HONORING "LOVE, BEAUTY, AND INTERNATIONAL FRIENDSHIP."
Describe the Organization's Program Activity:
Part 3 - Line 4a
MACON, GEORGIA'S INTERNATIONAL CHERRY BLOSSOM FESTIVAL CELEBRATED ITS 40TH FESTIVAL AS IT SHOWCASED THE BEST OF MACON AND MIDDLE GEORGIA. FOR 10 DAYS, GUESTS FROM ALL AROUND GEORGIA, THE COUNTRY AND WORLD CELEBRATED THE BEAUTY OF THE YOSHINO CHERRY TREES IN MACON, GEORGIA, A TOWN REFERRED TO BY CONGRESSIONAL RECORDS AS THE CHERRY BLOSSOM CAPITAL OF THE WORLD. THE COMMUNITY AND VISITORS CELEBRATED THE 40TH FESTIVAL BY WALKING AND DRIVING THE CHERRY BLOSSOM TRAIL, PARTICIPATING IN CORNERSTONE AND COMMUNITY FAVORITE EVENTS, AND JOINING IN THE FUN OF NEW PROGRAMMING PUT ON BY MACON, GEORGIA'S INTERNATIONAL CHERRY BLOSSOM FESTIVAL AND ITS UMBRELLA, SANCTIONED EVENTS. WITH 80 PERCENT OF INTERNATIONAL CHERRY BLOSSOM FESTIVAL'S IN-HOUSE PRODUCED EVENTS FREE OR AT A NOMINAL ADMISSION FEE, ALL RESIDENTS AND VISITORS WERE ABLE TO PUT ON THEIR PINK, JOIN IN THE FESTIVITIES, AND CELEBRATE "LOVE, BEAUTY, AND INTERNATIONAL FRIENDSHIP," THE FESTIVAL'S FOUNDING PRINCIPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ivan Allen Board Chair | OfficerTrustee | 1 | $0 |
Karla Redding Andrews Secretary | OfficerTrustee | 1 | $0 |
Donald Bailey Chairman Clu | OfficerTrustee | 1 | $0 |
Carolyn Crayton Founder | OfficerTrustee | 1 | $0 |
Elizabeth Cleveland Festival Cha | OfficerTrustee | 1 | $0 |
Bill Fickling III Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $928,669 |
| Investment income | $2,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,875 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,764 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,959,644 |
| 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. | $170,126 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,095 |
| Pension plan accruals and contributions | $8,459 |
| Other employee benefits | $25,096 |
| Payroll taxes | $22,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,042 |
| Fees for services: Other | $61,420 |
| Advertising and promotion | $18,006 |
| Office expenses | $19,262 |
| Information technology | $66,140 |
| Royalties | $0 |
| Occupancy | $55,354 |
| Travel | $14,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,280 |
| Interest | $5,786 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,870 |
| Insurance | $2,803 |
| All other expenses | $0 |
| Total functional expenses | $1,352,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $745,929 |
| Savings and temporary cash investments | $594,602 |
| Pledges and grants receivable | $75,297 |
| Accounts receivable, net | $80,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,023 |
| Prepaid expenses and deferred charges | $8,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $56,302 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,677,505 |
| Accounts payable and accrued expenses | $24,401 |
| Grants payable | $0 |
| Deferred revenue | $4,181 |
| 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 | $146,363 |
| Other liabilities | $8,350 |
| Total liabilities | $183,295 |
| Net assets without donor restrictions | $1,256,946 |
| Net assets with donor restrictions | $237,264 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,494,210 |