Americas Freedom Festival Inc
- Assets
- $1.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 88
- Location
- Provo, UT
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 87-0522564
Organization Overview
Americas Freedom Festival Inc is located in Provo, UT. The organization was established in 1995. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Americas Freedom Festival Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Americas Freedom 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 12/2021, Americas Freedom Festival Inc generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE ACTIVITIES CELEBRATING THE 4TH OF JULY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE AND PRODUCE VARIOUS ACTIVITIES SURROUNDING THE CELEBRATION OF THE 4TH OF JULY, INCLUDING FIREWORKS, SPEECH & ESSAY CONTESTS, AND ATHLETIC COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Evans Executive Di | Officer | 5 | $76,500 |
Robyn Pulham Executive As | Officer | 5 | $55,627 |
Lothaire Bluth Trustee | Trustee | 5 | $0 |
David A Mcdougal Trustee | Trustee | 5 | $0 |
Alan Osmond Trustee | Trustee | 5 | $0 |
Steve Shallenberger Chairman Of | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,330,358 |
| Investment income | $868 |
| 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 | $3,032,009 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $253,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,418 |
| Office expenses | $3,853 |
| Information technology | $1,734 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $35 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,247 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $43,629 |
| All other expenses | $0 |
| Total functional expenses | $2,952,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $954,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $400,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,323 |
| Total assets | $1,409,210 |
| Accounts payable and accrued expenses | $33,775 |
| 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 | -$7,180 |
| Total liabilities | $26,595 |
| Net assets without donor restrictions | $1,382,615 |
| 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 |
| Total liabilities and net assets/fund balances | $1,382,615 |