Spokane Lilac Festival Association Inc
- Assets
- $177.7k
- Revenue
- $246.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Spokane, WA
- Founding
- 11/1963
- Data as of
- 08/2022
- EIN
- 91-0665097
Organization Overview
Spokane Lilac Festival Association Inc is located in Spokane, WA. The organization was established in 1963. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 08/2022, Spokane Lilac Festival Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spokane Lilac Festival Association 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 08/2022, Spokane Lilac Festival Association Inc generated $246.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $221.5k during the year ending 08/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SHOWCASE & CELEBRATE SPOKANE & THE INLAND NORTHWEST COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSOCIATION PUT ON AN ANNUAL PARADE AND RELATED FESTIVAL ACTIVITIES, ROYALTY CORONATION, RECOGNITION OF THE MILITARY AND HOSTING OF AREA PARTICIPANTS.
SCHOLARSHIPS AWARDED TO PARADE ROYALTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Snow VP Parade | Trustee | 0 | $0 |
Nate Calvert VP Float | Trustee | 0 | $0 |
Shelley Sholl VP Area Relatio | Trustee | 0 | $0 |
Elisabeth Hooker VP Merchandise | Trustee | 0 | $0 |
Alan Hart President | Trustee | 0 | $0 |
Deb Koch Co-Vp Hosting | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $141,722 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $31,870 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,722 |
| Total Program Service Revenue | $114,334 |
| Investment income | -$9,574 |
| 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 | $246,482 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,015 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,739 |
| Fees for services: Management | $957 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,316 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,637 |
| Office expenses | $987 |
| Information technology | $631 |
| Royalties | $0 |
| Occupancy | $5,729 |
| Travel | $0 |
| 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 | $4,401 |
| Insurance | $16,522 |
| All other expenses | $24,852 |
| Total functional expenses | $221,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,878 |
| Savings and temporary cash investments | $1,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,931 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,065 |
| Prepaid expenses and deferred charges | $2,826 |
| Net Land, buildings, and equipment | $17,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,747 |
| Total assets | $177,711 |
| Accounts payable and accrued expenses | $22 |
| 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 | $29,067 |
| Total liabilities | $29,089 |
| Net assets without donor restrictions | $136,158 |
| Net assets with donor restrictions | $12,464 |
| 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 | $177,711 |