Morgan County Sorghum Festival Inc
- Assets
- $7.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Liberty, KY
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 61-1376227
Organization Overview
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Burling President | 2 | $0 | |
Sharon Lykins Secretary | 2 | $0 | |
Ashley Lykins Treasurer | 2 | $0 | |
Henrietta Mckinny Director | 2 | $0 | |
Judy Townsend Director | 2 | $0 | |
Leona Cantrell Director | 2 | $0 |
Financial Statements
| 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 |
Peer Organizations
| 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 |