Mcdowell Mountain Music Festival Inc
- Assets
- $1.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 12/2003
- Data as of
- 12/2023
- EIN
- 68-0570400
Organization Overview
Mcdowell Mountain Music Festival Inc is located in Phoenix, AZ. The organization was established in 2003. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Mcdowell Mountain Music 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 12/2023, Mcdowell Mountain Music Festival Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $3.9m during the year ending 12/2023. While expenses have increased by 9.3% per year over the past 9 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.
Since 2015, Mcdowell Mountain Music Festival Inc has awarded 56 individual grants totaling $2,340,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZING AND PROMOTING MUSIC FESTIVALS, CONCERTS, AND SIMILAR MUSIC APPRECIATION ACTIVITIES AMONG FAMILY MEMBERS, AND PROMOTING MUSIC'S ROLE IN THE CREATION AND DEFINITION OF ARIZONA'S CULTURE AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CONNECT THE COMMUNITY THROUGH A FESTIVAL GATHERING INCLUDING MUSIC, ARTS, AND FOOD; TO ENTERTAIN THE COMMUNITY, COMPANIES AND THEIR EMPLOYEES; TO EDUCATE THE UNDERPRIVILEGED; TO SUPPORT THE ARTS IN AN EFFORT THAT THEY MAY GROW AND EXIST FOR FUTURE GENERATIONS TO ENJOY; AND TO PROVIDE FINANCIAL SUPPORT AND EDUCATION TO FAMILY BASED CHARITIES IN AN EFFORT TO PROVIDE EQUITABLE ADVANCEMENT FOR THE UNDERPRIVILEGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R John Largay President | OfficerTrustee | 3 | $0 |
Garrett A Nybo Vice President/secretary | OfficerTrustee | 2 | $0 |
Cathy A Largay Treasurer | OfficerTrustee | 2 | $0 |
David Hreha Chief Financial Officer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flume Talent Fees | 12/30/17 | $162,500 |
Chromeo Talent Fees | 12/30/17 | $125,000 |
The Shins Talent Fees | 12/30/17 | $125,000 |
Flume Talent Fees | 12/30/17 | $162,500 |
The Shins Talent Fees | 12/30/17 | $125,000 |
Chromeo Talent Fees | 12/30/17 | $125,000 |
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 | $2,520,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,520,540 |
| Total Program Service Revenue | $1,051,275 |
| Investment income | $7,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,584,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $692,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,803 |
| Advertising and promotion | $407,094 |
| Office expenses | $19,211 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,298 |
| 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 | $0 |
| Insurance | $2,480 |
| All other expenses | $257,054 |
| Total functional expenses | $3,875,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,406,760 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,406,760 |
| Accounts payable and accrued expenses | $56,353 |
| 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 | $12,142 |
| Total liabilities | $68,495 |
| Net assets without donor restrictions | $0 |
| 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 | $1,338,265 |
| Total liabilities and net assets/fund balances | $1,406,760 |
Grants Awarded
Over the last fiscal year, Mcdowell Mountain Music Festival Inc has awarded $600,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF FLAGSTAFF PURPOSE: COMMUNITY | $10,000 |
CHILD CRISIS ARIZONA PURPOSE: COMMUNITY | $10,000 |
CANCER SUPPORT COMMUNITY - ARIZONA PURPOSE: COMMUNITY | $10,000 |
CIRCLE THE CITY PURPOSE: COMMUNITY | $20,000 |
FREE ARTS FOR ABUSED CHILDREN OF ARIZONA PURPOSE: COMMUNITY | $15,000 |
CULTURAL COALITION PURPOSE: COMMUNITY | $10,000 |