Festival Of Lights Inc
- Assets
- $68.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 02/1991
- Data as of
- 06/2022
- EIN
- 84-1125913
Organization Overview
Festival Of Lights Inc is located in Colorado Springs, CO. The organization was established in 1991. 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. Festival Of Lights 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 06/2022, Festival Of Lights Inc generated $66.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $67.9k during the year ending 06/2022. While expenses have increased by 4.4% per year over the past 6 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
FESTIVAL OF LIGHTS PARADE HELD IN TRADITIONAL FASHION ON TEJON ST. IN COLORADO SPRINGS ON DECEMBER 4, 2021. AWARDS WERE PRESENTED TO LOCAL HIGH SCHOOL BANDS. APPROXIMATELY 75,000 INDIVIDUALS IN ATTENDANCE. APPROXIMATELY 135 PARADE ENTRIES WERE INCLUDED WITH APPROXIMATELY 3,500 INDIVIDUALS MARCHING IN THE PARADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Collinson 2021 Executive Director | 5 | $13,000 | |
Karole Campbell Fundraiser | 3 | $8,360 | |
Kevin Leonardo 2022 Executive Director | 3 | $5,625 | |
Jeff Wilson Chair And Band Chair | 2 | $0 | |
Sheri Trumpfheller Treasurer | 2 | $0 | |
Liz Denson Vice Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,900 |
| Total Program Service Revenue | $10,110 |
| Membership dues | $0 |
| Investment income | $154 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,164 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,625 |
| Professional fees and other payments to independent contractors | $10,717 |
| Occupancy, rent, utilities, and maintenance | $33,243 |
| Printing, publications, postage, and shipping | $422 |
| Other expenses | $1,154 |
| Total expenses | $67,911 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,051 |
| Other assets | $0 |
| Total assets | $68,572 |
| Total liabilities | $0 |
| Net assets or fund balances | $68,572 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Festival Of Lights Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Ent Credit Union Colorado Springs, CO PURPOSE: 2016 FESTIVAL OF LIGHTS PARADE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albuquerque International Balloon Fiesta Inc Albuquerque, NM | $13,518,280 | $13,246,865 |
Southwestern Fair Commission Inc Tucson, AZ | $10,447,798 | $10,245,189 |
Utah State Fair Corporation Salt Lake City, UT | $6,943,836 | $8,118,734 |
Lancaster County Agricultural Society Inc Lincoln, NE | $20,865,052 | $2,982,282 |
Petroleum Equipment Institute Tulsa, OK | $10,127,893 | $3,682,039 |
Cody Stampede Inc Cody, WY | $3,494,478 | $3,110,728 |
Wichita Festivals Inc Wichita, KS | $2,056,183 | $2,145,055 |
Country Fair White Elephant Inc Green Valley, AZ | $2,370,959 | $1,551,800 |
Southern New Mexico State Fair Las Cruces, NM | $1,092,028 | $1,459,463 |
Yuma County Fair Inc Yuma, AZ | $3,736,026 | $410,388 |
Santa Cruz County Fair & Rodeo Association Sonoita, AZ | $1,741,789 | $1,887,345 |
Verde Valley Fair Association Cottonwood, AZ | $848,579 | $1,065,761 |