Colorado Dragon Boat Festival
- Assets
- $677.6k
- Revenue
- $582.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Wheat Ridge, CO
- Founding
- 06/2003
- Data as of
- 10/2023
- EIN
- 84-1601703
Organization Overview
Colorado Dragon Boat Festival is located in Wheat Ridge, CO. The organization was established in 2003. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Colorado Dragon Boat Festival employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Dragon Boat Festival 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 10/2023, Colorado Dragon Boat Festival generated $582.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $512.0k during the year ending 10/2023. While expenses have increased by 2.1% per year over the past 7 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
SEE SCHEDULE O. THE ANNUAL DRAGON BOAT AND FILM FESTIVAL IS A CULTURAL EVENT CELEBRATING COLORADO'S ASIAN-PACIFIC AMERICAN PRESENCE AND HISTORY, FEATURING DRAGON BOAT FESTIVITIES, ASIAN MOVIES AND OTHER CULTURAL ATTRACTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL DRAGON BOAT FESTIVAL IS A CULTURAL EVENT CELEBRATING COLORADO'S ASIAN-PACIFIC AMERICAN PRESENCE AND HISTORY, FEATURING DRAGON BOAT FESTIVITIES AND OTHER CULTURAL ATTRACTIONS.
THE ANNUAL FILM FESTIVAL IS A CULTURAL EVENT CELEBRATING ASIAN-PACIFIC AMERICAN FILM.
THE SALE OF CONCESSIONS AT THE DRAGON BOAT FESTIVAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Hung Chair | OfficerTrustee | 3 | $0 |
Janet Shih-Hajek Vice Chair | OfficerTrustee | 3 | $0 |
Chris Chin Secretary | OfficerTrustee | 3 | $0 |
Jeff Calhoon Treasurer | OfficerTrustee | 2 | $0 |
Debbie Chen-Becker Board Member | Trustee | 1 | $0 |
Asha Vasant Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,503 |
| Related organizations | $0 |
| Government grants | $171,006 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,376 |
| Total Program Service Revenue | $330,846 |
| Investment income | $369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $55,530 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $582,150 |
| 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. | $127,007 |
| Compensation of current officers, directors, key employees. | $22,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,859 |
| Office expenses | $1,345 |
| Information technology | $2,392 |
| Royalties | $0 |
| Occupancy | $6,047 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,883 |
| Insurance | $48,569 |
| All other expenses | $38,784 |
| Total functional expenses | $512,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,949 |
| Savings and temporary cash investments | $110,226 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $102,870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,526 |
| Total assets | $677,571 |
| 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 | $0 |
| Other liabilities | $37,539 |
| Total liabilities | $37,539 |
| Net assets without donor restrictions | $640,032 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $677,571 |