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Nonprofiteer
← NORTH CAROLINA APPLE FESTIVAL INC

Form 990 for tax year 2022

Filed by NORTH CAROLINA APPLE FESTIVAL INC.

Totals

Total revenue
$210,350
Total expenses
$197,746
Contributions and grants received
$68,000
Grants paid
$3,000
Program service revenue
$137,730
Investment income
$4,620
Other revenue
$0
Total assets, end of year
$270,660
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$270,660
Program services expenses (Part IX)
$148,640
Management and general expenses
$49,106
Fundraising expenses
$0
Program service expenses (Part III)
$148,640

Program services were 75.2% 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

    $68,000

  • 2a · Program service revenue: STREET FAIR

    total $103,587 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: SERVICES INCOME

    total $34,143 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,620 · unrelated business $0 · excluded $4,620

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,000 · program services $3,000

  • 5 · Compensation of officers, directors and key employees

    total $8,760 · program services $5,782 · management and general $2,978 · fundraising $0

  • 10 · Payroll taxes

    total $2,204 · program services $1,494 · management and general $710 · fundraising $0

  • 11c · Fees: accounting

    total $4,507 · program services $0 · management and general $4,507 · fundraising $0

  • 11f · Fees: investment management

    total $132 · program services $0 · management and general $132 · fundraising $0

  • 12 · Advertising and promotion

    total $15,820 · program services $0 · management and general $15,820 · fundraising $0

  • 13 · Office expenses

    total $5,304 · program services $0 · management and general $5,304 · fundraising $0

  • 14 · Information technology

    total $250 · program services $0 · management and general $250 · fundraising $0

  • 16 · Occupancy

    total $13,805 · program services $8,973 · management and general $4,832 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $7,461 · program services $0 · management and general $7,461 · fundraising $0

  • 23 · Insurance

    total $4,835 · program services $0 · management and general $4,835 · fundraising $0

  • 24a · Other expenses: FESTIVAL ENTERTAINMENT

    total $35,360 · program services $35,360 · management and general $0 · fundraising $0

  • 24b · Other expenses: MERCHANDISE

    total $10,677 · program services $10,677 · management and general $0 · fundraising $0

  • 24c · Other expenses: STREET FAIR

    total $37,827 · program services $37,827 · management and general $0 · fundraising $0

  • 24d · Other expenses: SERVICES

    total $32,729 · program services $32,729 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $15,075 · program services $12,798 · management and general $2,277 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $53,223 · end of year $66,187

  • 2 · Savings and temporary cash investments

    beginning of year $53,260 · end of year $56,466

  • 7 · Other notes and loans receivable

    beginning of year $5,000 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $33,651

  • 10b · Land, buildings and equipment: accumulated depreciation

    $32,805

  • 10c · Land, buildings and equipment, net

    beginning of year $846 · end of year $846

  • 11 · Investments: publicly traded securities

    beginning of year $153,920 · end of year $145,261

  • 14 · Intangible assets

    beginning of year $1,900 · end of year $1,900

  • 25 · Other liabilities

    beginning of year $1,164 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $266,985 · end of year $270,660

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE THE AREA'S APPLE INDUSTRY BY PROVIDING SUPPORT TO LOCAL APPLE GROWERS AND ORGANIZING AN ANNUAL APPLE FESTIVAL ON THE LABOR DAY WEEKEND.

  • THE ORGANIZATION(THE "NCAF")ESTIMATES THAT ITS ANNUAL APPLE FESTIVAL DRAWS IN EXCESS OF 230,000 VISITORS FROM ALL OVER THE US AND THAT THE FESTIVAL'S STREET FAIR INJECTS MORE THAN $10,000,000 INTO THE LOCAL ECONOMY ANNUALLY. IN SUPPORT OF LOCAL APPLE GROWERS, THE NCAF PROVIDES A FREE BOOTH AT THE FESTIVAL TO FOURTEEN APPLE GROWERS TO PROMOTE AND SELL FRESH APPLES, AS WELL AS OTHER APPLE PRODUCTS. THE NCAF ALSO PROVIDES AN ANNUAL SCHOLARSHIP TO LOCAL STUDENTS BASED ON THE STUDENT'S RESEARCH AND ORAL PRESENTATIONS ON THE APPLE INDUSTRY.

    Expenses $148,640 · Grants $68,000 · Revenue $137,730

As filed on the 2022 return.

Listed in Part VII

  • David E Nicholson

    EXEC.DIR-RESIGNED 6/23/22

    Total calculated
    $8,760
    From this org
    $8,760
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Colby Buchanan

    ASST. TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mark Shepherd

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Josh English

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Vicki Gunning

    3RD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Renee Elrod

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • John Connet

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mike Elrod

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Shepherd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Geraldine Lamb

    CORPORATE SECRETARY

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349319805

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