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Nonprofiteer
← SUMMERFAIR FOUNDATION INC

Form 990 for tax year 2024

Filed by SUMMERFAIR FOUNDATION INC.

Totals

Total revenue
$533,583
Total expenses
$557,097
Contributions and grants received
$22,104
Grants paid
$115,900
Program service revenue
$461,348
Investment income
$50,131
Other revenue
$0
Total assets, end of year
$1,095,552
Total liabilities, end of year
$3,151
Net assets or fund balances, end of year
$1,092,401
Program services expenses (Part IX)
$460,668
Management and general expenses
$96,429
Fundraising expenses
$0
Program service expenses (Part III)
$460,668

Program services were 82.7% 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

    $22,104

  • 2a · Program service revenue: SUMMERFAIR 2024

    total $461,348 · related or exempt $461,348

  • 3 · Investment income

    total $14,756 · excluded $14,756

  • 7a · Gross sales of assets other than inventory

    securities $35,375

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $35,375

  • 7d · Net gain or loss

    total $35,375 · excluded $35,375

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $84,000 · program services $84,000

  • 2 · Grants to domestic individuals

    total $31,900 · program services $31,900

  • 5 · Compensation of officers, directors and key employees

    total $78,388 · program services $66,630 · management and general $11,758

  • 8 · Pension plan contributions

    total $5,752 · program services $4,889 · management and general $863

  • 10 · Payroll taxes

    total $5,880 · program services $4,998 · management and general $882

  • 11c · Fees: accounting

    total $18,336 · management and general $18,336

  • 11g · Fees: other

    total $5,389 · program services $300 · management and general $5,089

  • 12 · Advertising and promotion

    total $35,943 · program services $35,943

  • 13 · Office expenses

    total $676 · program services $131 · management and general $545

  • 14 · Information technology

    total $1,600 · program services $1,000 · management and general $600

  • 15 · Royalties

    total $1,301 · management and general $1,301

  • 16 · Occupancy

    total $55,164 · program services $41,964 · management and general $13,200

  • 17 · Travel

    total $499 · management and general $499

  • 19 · Conferences, conventions and meetings

    total $1,180 · management and general $1,180

  • 22 · Depreciation, depletion and amortization

    total $267 · management and general $267

  • 23 · Insurance

    total $10,191 · management and general $10,191

  • 24a · Other expenses: MARKETING

    total $116,124 · program services $90,057 · management and general $26,067

  • 24b · Other expenses: SECURITY

    total $31,062 · program services $31,062

  • 24c · Other expenses: FOOD

    total $26,463 · program services $25,830 · management and general $633

  • 24d · Other expenses: EQUIPMENT RENTALS/MAINT

    total $15,559 · program services $15,559

  • 24e · All other expenses

    total $31,423 · program services $26,405 · management and general $5,018

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $352,908 · end of year $284,013

  • 12 · Investments: other securities

    beginning of year $716,221 · end of year $808,028

  • 14 · Intangible assets

    beginning of year $3,778 · end of year $3,511

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,531 · end of year $3,151

  • 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 $1,070,376 · end of year $1,092,401

Mission and programs · 2024

Mission

SUMMERFAIR CINCINNATI, INC. IS A NONPROFIT, 501(C) ARTS ORGANIZATION DEDICATED TO SUPPORTING YOUNG ARTISTS, INDIVIDUAL ARTISTS, AND SMALL AND MID-SIZED COMMUNITY BASED ARTS ORGANIZATIONS THROUGH SCHOLARSHIPS, AWARDS, AND EXHIBITIONS.

Activities or mission (Part I)

SUPPORTING AND PROMOTING ARTISTS AND THE ARTS THROUGH EVENTS AND OTHER ACTIVITIES.

  • FINE ARTS & CRAFTS FESTIVAL IS A NATIONALLY RECOGNIZED 3 DAY OUTDOOR EVENT FEATURING OVER 300 EXHIBITORS FROM ACROSS THE CONTINENT, ENTERTAINMENT BY 100+ LOCAL PERFORMERS, ART DEMONSTRATIONS, AND YOUTH ART ACTIVITIES; IT ATTRACTS 30,000 VISITORS ANNUALLY.

    Expenses $320,144 · Revenue $461,348

  • COMMUNITY ART PROGRAM INCLUDES COMMUNITY-BASED EXHIBITS AND EVENTS, AS WELL AS THE ALLOCATION OF FUNDS GENERATED BY THE ORGANIZATION TO SMALL VISUAL AND PERFORMING ARTS ORGANIZATIONS FOR PROGRAMS DESIGNED TO IMPROVE ACCESS TO THE ARTS IN THE AREA.

    Expenses $96,859 · Grants $84,000

  • SUPPORT FOR INDIVIDUAL ARTISTS INCLUDE EXHIBITIONS OF REGIONAL ESTABLISHED AND EMERGING ARTISTS, AID TO INDIVIDUAL VISUAL ARTISTS, AS WELL AS FUNDING FOR PROGRAMS & SCHOLARSHIPS DESIGNED TO ENCOURAGE AND PREPARE HIGH SCHOOL STUDENTS CONSIDERING HIGHER EDUCATION IN ART.

    Expenses $43,665 · Grants $31,900

As filed on the 2024 return.

Listed in Part VII

  • Jayne Utter

    EXECUTIVE DIRECTOR

    Total calculated
    $78,501
    From this org
    $72,749
    From related orgs
    $0
    Other
    $5,752
    Hours/week
    45
  • Jill Conway

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Tom Perdiew

    VP OF ADMINISTRATION

    Total calculated
    $0
    Hours/week
    5
  • Donna Binzer

    VP OF AWARDS

    Total calculated
    $0
    Hours/week
    3
  • Jill Leslie

    VP OF FINANCE

    Total calculated
    $0
    Hours/week
    1.5
  • Kelly Reilman

    VP OF MEMBERSHIP

    Total calculated
    $0
    Hours/week
    1.5
  • Shelley Tobin

    VP OF OPERATIONS

    Total calculated
    $0
    Hours/week
    1.5
  • Ruth Cohen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

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

Provenance

Return type
form_990
Tax year
2024
Filed
22 June 2026
IRS schema version
2024v5.5
Source object
202611889349300416

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