Catfish Festival Inc
- Assets
- $122.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Winnsboro, LA
- Founding
- 01/1988
- Data as of
- 12/2020
- EIN
- 72-1098958
Organization Overview
Catfish Festival Inc is located in Winnsboro, LA. The organization was established in 1988. 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. Catfish Festival Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2020, Catfish Festival Inc generated $18.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $62.7k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
THE FESTIVAL WAS ORGANIZED TO PUBLICIZE THE CATFISH INDUSTRY AND TO PROMOTE WINNSBORO LOUISIANA AND FRANKLIN PARISH BY ASSISTING IN LOCAL IMPROVEMENTS AND TO SUPPORT LOCAL AND PARISH ACTIVITIES / ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Price Jr Exec. Director | 20 | $9,000 | |
Cloid White President | 2 | $0 | |
Lindy Price Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,274 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,076 |
| Other Revenue | $0 |
| Total Revenue | $18,350 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,688 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,029 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $51,030 |
| Total expenses | $62,747 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $122,814 |
| Other assets | $0 |
| Total assets | $122,814 |
| Total liabilities | $344 |
| Net assets or fund balances | $122,470 |