National Cornbread Festival Inc
- Assets
- $702.9k
- Revenue
- $130.2k
- Investments
- $0.0
- Employees
- 0
- Location
- South Pittsburg, TN
- Founding
- 10/1998
- Data as of
- 01/2022
- EIN
- 62-1686453
Organization Overview
National Cornbread Festival Inc is located in South Pittsburg, TN. The organization was established in 1998. 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. National Cornbread 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 01/2022, National Cornbread Festival Inc generated $130.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $27.5k during the year ending 01/2022. While expenses have increased by 13.8% 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
ANNUAL EVENT IS HELD TO BRING PEOPLE FROM ALL OVER THE SOUTH TO VISIT S PITTSBURG WHILE RAISING MONEY TO BE SELF SUPPORTING AND CONTRIBUTE TO LOCAL CHARITIES&GOV
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNABLE TO HOLD NATIONAL CORNBREAD FESTIVAL IN S PITTSBURG TN DUE TO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Henson V President | OfficerTrustee | 3 | $0 |
Rob Woodfin Treasurer | OfficerTrustee | 3 | $0 |
M Headerick Secretary | OfficerTrustee | 2 | $0 |
Beth Duggar Presidennt | OfficerTrustee | 5 | $0 |
Carey Garland Diirector | Trustee | 1 | $0 |
Sam Durham Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,000 |
| Total Program Service Revenue | $0 |
| Investment income | $231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $130,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400 |
| 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 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 | $3,269 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,560 |
| Office expenses | $4,988 |
| 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 | $6,987 |
| Insurance | $5,796 |
| All other expenses | $987 |
| Total functional expenses | $27,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $549,515 |
| 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 | $54,423 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $86,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,444 |
| Total assets | $702,943 |
| 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 | $702,943 |
| 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 | $702,943 |
Grants Awarded
Over the last fiscal year, National Cornbread Festival Inc has awarded $74,440 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SPITTSBURG HIGH PURPOSE: SUPPORT | $35,700 |
SPITTSBURG ELEME PURPOSE: SUPPORT | $25,540 |
RICHARD HARDY SC PURPOSE: SUPPORT | $8,000 |
SPITTSBURG ACADE PURPOSE: SUPPORT | $5,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
Cullasaja Club Inc Highlands, NC | $18,372,890 | $6,912,030 |
National Automatic Merchandising Association Arlington, VA | $9,038,730 | $6,619,737 |
American Peanut Council Inc Alexandria, VA | $2,565,849 | $4,863,109 |
Arkansas Livestock Show Assoc Little Rock, AR | $4,870,203 | $5,931,539 |
Friends Of The Festival Inc Chattanooga, TN | $2,789,360 | $3,355,227 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
Norfolk Festevents Ltd Norfolk, VA | $2,813,598 | $4,090,710 |
National D-Day Memorial Foundation Ltd Bedford, VA | $18,908,429 | $4,372,645 |
Sunbelt Agricultural Exposition Inc Moultrie, GA | $986,541 | $2,489,467 |
Virginia Beach Events Unlimited Inc Virginia Beach, VA | $1,283,401 | $2,894,814 |
National Peanut Festival Assn Inc Dothan, AL | $12,226,185 | $2,754,478 |