Festival Fairbanks 84
- Assets
- $78.3k
- Revenue
- $251.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Fairbanks, AK
- Founding
- 01/1982
- Data as of
- 12/2023
- EIN
- 92-0082689
Organization Overview
Festival Fairbanks 84 is located in Fairbanks, AK. The organization was established in 1982. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Festival Fairbanks 84 employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Festival Fairbanks 84 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, Festival Fairbanks 84 generated $251.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $221.8k 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
FESTIVAL FAIRBANKS IS INVOLVED IN PROJECTS TO PRESERVE AND ENHANCE THE LONG TERM QUALITY OF LIFE IN FAIRBANKS THROUGH HISTORIC PRESERVATION, DOWNTOWN BEAUTIFICATION, TOURISM PROMOTION, AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FESTIVAL FAIRBANKS COORDINATED MANY PROGRAMS AND EVENTS THIS YEAR, WHICH INCLUDED BEAUTIFICATION AND DEVELOPMENT PLANNING, 26 CONCERTS IN THE PLAZA, VENDORS AT THE PLAZA, TWO LIVE VETERANS DAY EVENTS, 120 YEAR ANNIVERSARY OF THE CITY OF FAIRBANKS BANNER PROJECT, AND DOWNTOWN FAIRBANKS BRIDGE OF FLAGS PROJECTS. FESTIVAL FAIRBANKS ALSO PARTICIPATED IN COMMUNITY COMMITTEES, INCLUDING THE CHENA RIVERFRONT COMMISSION AND CLAY STREET CEMETERY COMMISSION. AS PART OF THE CHENA RIVERWALK PHASE III PROJECT, WE WORKED WITH THE DEPARTMENT OF TRANSPORTATION, AND CITY OF FAIRBANKS FAST PLANNING TO PLAN AND FACILITATE THE CONTINUED EFFORTS TO COMPLETE THE PROJECT AND RIVERBANK RESTORATION. THE ORGANIZATION PLANTED AND MAINTAINED ACRES OF FLOWERS IN GOLDEN HEART PLAZA AND THROUGHOUT DOWNTOWN FAIRBANKS. EVERY VISITOR TO THE AREA AND MORE THAN 100,000 RESIDENTS WERE TOUCHED BY ONE OR MORE OF THE PROJECTS PRESENTED BY FESTIVAL FAIRBANKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Rice Director | Trustee | 1 | $0 |
Aaron Rhoades Director | Trustee | 1 | $0 |
Olivia Dowling Director | Trustee | 1 | $0 |
Karen Lane Director | Trustee | 1 | $0 |
Tom Bundtzen President | Officer | 1 | $0 |
Julie Engfer Jones Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,317 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,956 |
| Total Program Service Revenue | $1,441 |
| Investment income | $901 |
| 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 | $161,449 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $251,747 |
| 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 | $66,300 |
| Other salaries and wages | $37,709 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,550 |
| Advertising and promotion | $0 |
| Office expenses | $4,062 |
| Information technology | $1,723 |
| Royalties | $0 |
| Occupancy | $14,400 |
| 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 | $0 |
| Insurance | $3,418 |
| All other expenses | $13,783 |
| Total functional expenses | $221,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,499 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,595 |
| 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 | $27,195 |
| Total assets | $78,289 |
| Accounts payable and accrued expenses | $23,409 |
| 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 | $0 |
| Total liabilities | $23,409 |
| Net assets without donor restrictions | $54,880 |
| 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 | $78,289 |