Palm Coast Music Festival Inc
- Assets
- $235.6k
- Revenue
- $231.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Coast, FL
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 84-2655852
Organization Overview
Palm Coast Music Festival Inc is located in Palm Coast, FL. The organization was established in 2019. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Palm Coast Music Festival 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 12/2023, Palm Coast Music Festival Inc generated $231.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $188.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC FESTIVAL TO PROVIDE ENTERTAINMENT AND EDUCATE COMMUNITY ABOUT DIFFERENT GENRES OF MUSIC AND SONGWRITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garry Lubi President | 20 | $0 | |
David Ayres Vice Preside | 5 | $0 | |
Barbara Lubi Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $172,875 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $58,843 |
| Total Revenue | $231,718 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,980 |
| Depreciation | $0 |
| Occupancy | $2,040 |
| Travel, conferences, and meetings | $20,258 |
| Printing and publications | $0 |
| Other expenses | $161,253 |
| Total operating and administrative expenses | $187,096 |
| Contributions, gifts, grants paid | $930 |
| Total expenses and disbursements | $188,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,633 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $235,633 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Palm Coast Music Festival Inc has awarded $930 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE COMMUNITY FOOD PANTRY PURPOSE: FOOD | $200 |
EARLY LEARNING COALITION OF FLAGLER PURPOSE: EDUCATION | $730 |