Dogwood Arts Festival Inc
- Assets
- $1.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Knoxville, TN
- Founding
- 02/1968
- Data as of
- 06/2022
- EIN
- 62-6074113
Organization Overview
Dogwood Arts Festival Inc is located in Knoxville, TN. The organization was established in 1968. 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 06/2022, Dogwood Arts Festival Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dogwood Arts 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, Dogwood Arts Festival Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 1.8% 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
DOGWOOD ARTS, INC. IS A NOT-FOR-PROFIT ORGANIZATION CREATED IN 1961 TO PROMOTE AND CELEBRATE OUR REGION'S ARTS, CULTURE, AND NATURAL BEAUTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED VARIOUS ACTIVITIES AND EVENTS TO OVER A QUARTER OF A MILLION PEOPLE OF ALL AGES. THESE EVENTS CONSISTED OF ART COMPETITIONS, ART EXHIBITIONS AND STUDIO TOURS, MUSICAL AND DRAMATIC PERFORMANCES, CRAFT SHOWS, NEIGHBORHOOD AND GARDEN TOURS, EDUCATIONAL EXPERIENCES, FOOD FAIRS, AND A HOUSE AND GARDEN SHOW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Jenkins Executive Director | Trustee | 40 | $97,851 |
Eric Botts President | OfficerTrustee | 2 | $0 |
Dino Cartwright Secretary | OfficerTrustee | 1 | $0 |
Jamie Davis Treasurer | OfficerTrustee | 2 | $0 |
Mike Berry Board Member | Trustee | 1 | $0 |
Tasha Blakney Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $540,273 |
| All other contributions, gifts, grants, and similar amounts not included above | $574,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,114,920 |
| Total Program Service Revenue | $975,526 |
| Investment income | $620 |
| 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 | $380 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,091,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $97,850 |
| Compensation of current officers, directors, key employees. | $17,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,926 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,651 |
| Payroll taxes | $21,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$17,283 |
| Fees for services: Accounting | $31,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $89,953 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,881 |
| Travel | $3,416 |
| 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 | $9,414 |
| Insurance | $13,487 |
| All other expenses | $407,674 |
| Total functional expenses | $1,514,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,004 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $650,028 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,519 |
| Prepaid expenses and deferred charges | $13,811 |
| Net Land, buildings, and equipment | $11,515 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,082 |
| Total assets | $1,363,959 |
| Accounts payable and accrued expenses | $35,113 |
| Grants payable | $0 |
| Deferred revenue | $78,358 |
| 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 | $113,471 |
| Net assets without donor restrictions | $1,250,488 |
| 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 | $1,363,959 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Dogwood Arts Festival Inc has recieved totaling $52,769.
| Awarding Organization | Amount |
|---|---|
Knoxville Cbid Management Corporation Knoxville, TN PURPOSE: ECONOMIC DEVELOPMENT TO BENEFIT DOWNTOWN KNOXVILLE | $23,500 |
Arts And Culture Alliance Of Greater Knoxville Knoxville, TN PURPOSE: TO SUPPORT ARTS IN THE COMMUNITY | $17,019 |
East Tennessee Foundation Knoxville, TN PURPOSE: GEN/OPER SUPPORT | $12,000 |
The William B Stokely Jr Foundation Knoxville, TN PURPOSE: ART EDUCATION | $250 |
Endowment Analysis
| Beg. Balance | $23,702 |
| Earnings | -$2,585 |
| Admin Expense | $300 |
| Ending Balance | $20,817 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
Cafe 1040 Inc Alpharetta, GA | $1,445,364 | $4,184,740 |
Association Of American Voices Saint Louis, MO | $696,688 | $3,487,679 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Appalshop Inc Whitesburg, KY | $8,650,033 | $2,149,775 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
Safe States Alliance Atlanta, GA | $855,123 | $2,462,301 |