Castroville Festivals Inc
- Assets
- $92.0k
- Revenue
- $31.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Castroville, CA
- Founding
- 12/1993
- Data as of
- 12/2017
- EIN
- 77-0026718
Organization Overview
Castroville Festivals Inc is located in Castroville, CA. The organization was established in 1993. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. Castroville Festivals 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 12/2017, Castroville Festivals Inc generated $31.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $95.2k during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE ADVANCEMENT OF THE ARTICHOKE INDUSTRY THROUGH COMMUNITY FUNDRAISING ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTICHOKE FESTIVAL: PROMOTE THE ADVANCEMENT OF THE ARTICHOKE INDUSTRY THROUGH COMMUNITY FUNDRAISING ACTIVITIES. THE PROCEEDS FROM THE FUNDRAISING ARE DONATED TO COMMUNITY SERVICE ORGANIZATIONS & SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wes Mcclellan Director | Trustee | 1.5 | $0 |
Lionel Handel Director | Trustee | 1.5 | $0 |
David Delfino Director | Trustee | 1.5 | $0 |
Kathryn Parish President | OfficerTrustee | 1.5 | $0 |
Stefani Cortopassi Secretary | OfficerTrustee | 1.5 | $0 |
Lynn Clark Director | Trustee | 1.5 | $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 | $9,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,588 |
| Total Program Service Revenue | $0 |
| Investment income | $60 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,740 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,049 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,850 |
| 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 | $35,548 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $758 |
| Royalties | $0 |
| Occupancy | $10,200 |
| 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 | $1,657 |
| Insurance | $5,832 |
| All other expenses | $1,224 |
| Total functional expenses | $95,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,327 |
| 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 | $1,626 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $91,953 |
| 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 | $20,098 |
| Other liabilities | $0 |
| Total liabilities | $20,098 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $71,855 |
Grants Awarded
Over the last fiscal year, Castroville Festivals Inc has awarded $20,900 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLEIGH NICOLE SWAIN MEMORIAL SCHOLARSHIP FUND PURPOSE: TO HELP THE COMMUNITY SERVICE ORGANIZATIONS OR SCHOOLS IN THE COMMUNITY | $500 |
BIKERS FOR BIKES PURPOSE: TO HELP THE COMMUNITY SERVICE ORGANIZATIONS OR SCHOOLS IN THE COMMUNITY | $500 |
COASTAL KIDS HOME CARE PURPOSE: TO HELP THE COMMUNITY SERVICE ORGANIZATIONS OR SCHOOLS IN THE COMMUNITY | $500 |
CURSILLO IN CHRISTIANITY PURPOSE: TO HELP THE COMMUNITY SERVICE ORGANIZATIONS OR SCHOOLS IN THE COMMUNITY | $600 |
HOPE HORSES & KIDS PURPOSE: TO HELP THE COMMUNITY SERVICE ORGANIZATIONS OR SCHOOLS IN THE COMMUNITY | $300 |
EVERETT ALVAREZ FRENCH CLUB PURPOSE: TO HELP THE COMMUNITY SERVICE ORGANIZATIONS OR SCHOOLS IN THE COMMUNITY | $1,000 |