Profest Inc
- Assets
- $5.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Denton, TX
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 80-0224807
Organization Overview
Profest Inc is located in Denton, TX. The organization was established in 2009. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Profest 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 12/2022, Profest Inc generated $67.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $69.0k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
BEER/WINE SALES FOR FUNDRAISING FOR THE DENTON ARTS & JAZZ FESTIVAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry C Paine Jr Director | 1 | $0 | |
Kevin Lechler Executive Dir. | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $67,622 |
| Other Revenue | $0 |
| Total Revenue | $67,622 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $991 |
| Total expenses | $68,991 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,070 |
| Other assets | $0 |
| Total assets | $5,070 |
| Total liabilities | $0 |
| Net assets or fund balances | $5,070 |