Morgan County Sorghum Festival Inc is located in West Liberty, KY. The organization was established in 2010. According to its NTEE Classification (A27) the organization is classified as: Community Celebrations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgan County Sorghum 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, Morgan County Sorghum Festival Inc generated $58.8k 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 (3.0%) each year. All expenses for the organization totaled $56.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 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 COUNTY SORGHUM FESTIVAL
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Judy Townsend Director | 2 | $0 | |
Leona Cantrell Director | 2 | $0 | |
Ashley Lykins Treasurer | 2 | $0 | |
Henrietta Mckinny Director | 2 | $0 | |
Michael Burling President | 2 | $0 | |
Sharon Lykins Secretary | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $58,825 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $58,825 |
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 | $374 |
Printing, publications, postage, and shipping | $173 |
Other expenses | $56,394 |
Total expenses | $56,941 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $7,221 |
Other assets | $0 |
Total assets | $7,221 |
Total liabilities | $0 |
Net assets or fund balances | $7,221 |
Organization Name | Assets | Revenue |
---|---|---|
Notes For Notes Incorporated Nashville, TN | $2,688,504 | $2,515,834 |
Jefferson County Festival Charities Knoxville, TN | $69,592 | $209,550 |
Rosencomet Project Willowick, OH | $19,319 | $0 |
Morgan County Sorghum Festival Inc West Liberty, KY | $7,221 | $0 |
First Night Harrisonburg Inc Harrisonburg, VA | $0 | $0 |
Missouri Bbq Society Inc Jefferson City, MO | $21,739 | $0 |
Waterfire Kc Inc Kansas City, MO | $10,889 | $0 |
Mt Vernon Festivals Inc Mount Vernon, IL | $66,624 | $0 |
Big Walnut Civic Association Inc Sunbury, OH | $23,118 | $0 |