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Nonprofiteer
← MCDOWELL MOUNTAIN MUSIC FESTIVAL INC

Form 990 for tax year 2023

Filed by MCDOWELL MOUNTAIN MUSIC FESTIVAL INC.

Totals

Total revenue
$3,584,020
Total expenses
$3,875,707
Contributions and grants received
$2,520,540
Grants paid
$692,000
Program service revenue
$1,051,275
Investment income
$7,205
Other revenue
$5,000
Total assets, end of year
$1,406,760
Total liabilities, end of year
$68,495
Net assets or fund balances, end of year
$1,338,265
Program services expenses (Part IX)
$3,798,579
Management and general expenses
$77,128
Fundraising expenses
$0
Program service expenses (Part III)
$3,798,579

Program services were 98.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,520,540

  • 2a · Program service revenue: MUSIC FESTIVAL

    total $1,051,275 · related or exempt $1,051,275

  • 3 · Investment income

    total $7,205 · excluded $7,205

  • 8a · Fundraising events: gross income

    $5,000

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $5,000 · excluded $5,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $692,000 · program services $692,000

  • 11c · Fees: accounting

    total $26,000 · management and general $26,000

  • 11g · Fees: other

    total $5,803 · program services $5,803

  • 12 · Advertising and promotion

    total $407,094 · program services $366,385 · management and general $40,709

  • 13 · Office expenses

    total $19,211 · program services $10,440 · management and general $8,771

  • 17 · Travel

    total $29,298 · program services $28,146 · management and general $1,152

  • 23 · Insurance

    total $2,480 · program services $1,984 · management and general $496

  • 24a · Other expenses: TALENT FEES

    total $1,448,920 · program services $1,448,920

  • 24b · Other expenses: FOOD & BEVERAGE

    total $459,540 · program services $459,540

  • 24c · Other expenses: PRODUCTION COST

    total $347,626 · program services $347,626

  • 24d · Other expenses: EQUIPMENT EXPENSE

    total $180,681 · program services $180,681

  • 24e · All other expenses

    total $257,054 · program services $257,054

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,644,397 · end of year $1,406,760

  • 17 · Accounts payable and accrued expenses

    beginning of year $803 · end of year $56,353

  • 25 · Other liabilities

    beginning of year $13,642 · end of year $12,142

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,629,952 · end of year $1,338,265

Mission and programs · 2023

Mission

ORGANIZING AND PROMOTING MUSIC FESTIVALS, CONCERTS, AND SIMILAR MUSIC APPRECIATION ACTIVITIES AMONG FAMILY MEMBERS, AND PROMOTING MUSIC'S ROLE IN THE CREATION AND DEFINITION OF ARIZONA'S CULTURE AND EDUCATION.

  • TO CONNECT THE COMMUNITY THROUGH A FESTIVAL GATHERING INCLUDING MUSIC, ARTS, AND FOOD; TO ENTERTAIN THE COMMUNITY, COMPANIES AND THEIR EMPLOYEES; TO EDUCATE THE UNDERPRIVILEGED; TO SUPPORT THE ARTS IN AN EFFORT THAT THEY MAY GROW AND EXIST FOR FUTURE GENERATIONS TO ENJOY; AND TO PROVIDE FINANCIAL SUPPORT AND EDUCATION TO FAMILY BASED CHARITIES IN AN EFFORT TO PROVIDE EQUITABLE ADVANCEMENT FOR THE UNDERPRIVILEGED.

    Expenses $3,798,579 · Grants $692,000 · Revenue $1,051,275

As filed on the 2023 return.

Listed in Part VII

  • R John Largay

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Garrett A Nybo

    VICE PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Cathy A Largay

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • David Hreha

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
26 September 2024
IRS schema version
2023v5.1
Source object
202422789349300732

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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