Jefferson County Festival Charities
- Assets
- $52.6k
- Revenue
- $219.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Dandridge, TN
- Founding
- Data as of
- 12/2023
- EIN
- 84-4385983
Organization Overview
Jefferson County Festival Charities, operating under the name Lakeside Of The Smokies Balloon Fes, is located in Dandridge, TN. According to its NTEE Classification (A27) the organization is classified as: Community Celebrations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Lakeside Of The Smokies Balloon Fes employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeside Of The Smokies Balloon Fes 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, Lakeside Of The Smokies Balloon Fes generated $219.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $270.2k during the year ending 12/2023. 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
DEDICATED TO PROMOTING COMMUITY, FRIENDSHIP AND FELLOWSHIP THROUGHOUT JEFFERSON COUNTY, EAST TN AND GREATER APPALACHIA WHILE EDUCATING FESTIVAL PARTICIPANTS ABOUT THE SPORT OF HOT AIR BALLOONING, AND EDUCATING PARTICIPANTS ABOUT THE IMPORTANCE OF JEFFERSON CO. AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOT AIR BALLOON FESTIVAL THAT EDUCATES THE PARTICIPANTS ABOUT THE IMPORTANCE OF AGRICULTURE IN JEFFERSON COUNTY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Key Past Directo | Trustee | 25 | $32,103 |
Sarah Mills Past Directo | Trustee | 25 | $6,667 |
Miciah Burns President | OfficerTrustee | 2 | $0 |
Cassandra Catlett Treasurer | OfficerTrustee | 1 | $0 |
Frank Herndon Secretary | OfficerTrustee | 1 | $0 |
Viki Weggenman-Hernandez Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,675 |
| Total Program Service Revenue | $185,456 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,131 |
| 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. | $38,770 |
| Compensation of current officers, directors, key employees. | $6,420 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,932 |
| Office expenses | $1,321 |
| Information technology | $494 |
| Royalties | $0 |
| Occupancy | $24,300 |
| Travel | $6,555 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,107 |
| All other expenses | $522 |
| Total functional expenses | $270,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,847 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,750 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,597 |
| Accounts payable and accrued expenses | $999 |
| 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 | $1,627 |
| Total liabilities | $2,626 |
| Net assets without donor restrictions | $49,971 |
| 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 | $52,597 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Notes For Notes Incorporated Nashville, TN | $3,023,685 | $1,771,612 |
Jackson Madison County Bicentennial Commission Jackson, TN | $592,672 | $403,100 |
Foundation For Arts And Cultural Connections Inc Birmingham, AL | $146,443 | $323,137 |
Jefferson County Festival Charities Dandridge, TN | $52,597 | $219,131 |
Morgan County Sorghum Festival Inc West Liberty, KY | $14,850 | $0 |
Carolina Designer Craftsmen Inc Wilmington, NC | $7,819 | $0 |
Inspire Kc Inc Kansas City, MO | $65,536 | $0 |
First Night Harrisonburg Inc Harrisonburg, VA | $0 | $0 |
Carolina Strawberry Festival Inc Wallace, NC | $84,534 | $0 |
Missouri Bbq Society Inc Jefferson City, MO | $21,739 | $0 |
Mule Fest Inc Columbia, TN | $9,094 | $0 |
Poke Sallet Foundation Gainesboro, TN | $3,210 | $0 |
Peachtree Corners Festival Inc Peachtree Corners, GA | $26,694 | $0 |