Carmel Christkindlmarkt Inc
- Assets
- $1.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Carmel, IN
- Founding
- 07/2017
- Data as of
- 03/2023
- EIN
- 82-1460659
Organization Overview
Carmel Christkindlmarkt Inc is located in Carmel, IN. The organization was established in 2017. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2023, Carmel Christkindlmarkt Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carmel Christkindlmarkt 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 03/2023, Carmel Christkindlmarkt Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $1.3m during the year ending 03/2023. While expenses have increased by 23.9% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CHRISTKINDLMARKT IS TO BENEFIT THE COMMUNITY BY CONDUCTING EDUCATIONAL AND CULTURAL ACTIVITIES IN GERMANIC CULTURE THROUGH LECTURES, STORY-TELLING, DISCUSSIONS, MUSICAL PERFORMANCE, CULTURAL PRESENTATION, AND AN ANNUAL CHRISTKINDLMARKT FESTIVAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARMEL CHRISTKINDLMARKT, INC HAS MAINTAINED ITS GOALS OF BENEFITTING THE COMMUNITY BY CONDUCTING EDUCATIONAL AND CULTURAL ACTIVITIES OF GERMANIC CULTURE THROUGH ITS HOSTING OF A CONTINUALLY GROWING FESTIVAL KNOWN AS CHRISTKINDLMARKT. THE 2022 CHRISTKINDLMARKT FESTIVAL TOOK PLACE FROM NOVEMBER 17, 2022, THROUGH DECEMBER 31, 2022, SERVING THOUSANDS OF GUESTS, AND HOSTING HUNDREDS OF CULTURALLY RELEVANT PERFORMANCES AND EDUCATIONAL ACTIVITIES. THROUGH LECTURES, STORYTELLING, DISCUSSIONS, MUSICAL PERFORMANCE, AND CULTURAL PRESENTATIONS CHRISTKINDLMARKT HAS ENRICHED THE CULTURAL AWARENESS OF NOT JUST RESIDENTS OF THE CITY OF CARMEL, INDIANA, BUT CITIZENS FROM AROUND THE NATION. CARMEL CHRISTKINDLMARKT, INC STRIVES FOR INCLUSIVITY BY INCLUDING, EDUCATING, AND ADVOCATING FOR VARIOUS TRADITIONS AND RELIGIOUS CELEBRATIONS THAT OCCUR IN THE WINTER SEASON. THE FEES FOR PROVIDING SUCH SERVICES ARE REPRESENTED BY THIS PROGRAM SERVICE ACCOMPLISHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Murphy Chief Executive Officer | Officer | 40 | $98,731 |
Michael Nahmias Key Employee | Officer | 40 | $49,482 |
Dan Mcfeely President | Officer | 1 | $0 |
Karen Poysner Vice President | Officer | 1 | $0 |
Sven Schumaker Secretary / Treasurer | Officer | 1 | $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 | $44,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,000 |
| Total Program Service Revenue | $802,839 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $55,838 |
| 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 | $738,785 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,660,294 |
| 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. | $148,213 |
| Compensation of current officers, directors, key employees. | $148,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,740 |
| Pension plan accruals and contributions | $5,550 |
| Other employee benefits | $0 |
| Payroll taxes | $7,119 |
| Fees for services: Management | $211,568 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $78,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $514,799 |
| Advertising and promotion | $65,308 |
| Office expenses | $106,707 |
| Information technology | $11,328 |
| Royalties | $0 |
| Occupancy | $12,228 |
| Travel | $21,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,293 |
| Interest | $6,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,936 |
| Insurance | $3,128 |
| All other expenses | $26,590 |
| Total functional expenses | $1,332,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749,941 |
| 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 | $125,974 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $449,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,325,139 |
| 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 | $124,634 |
| Unsecured mortgages and notes payable | $2,938 |
| Other liabilities | $0 |
| Total liabilities | $127,572 |
| 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 | $1,197,567 |
| Total liabilities and net assets/fund balances | $1,325,139 |