Form 990 for tax year 2024
Filed by COLONIAL MARKETS AND COLONIAL FAIRS INC.
Totals
- Total revenue
- $348,246
- Total expenses
- $162,750
- Contributions and grants received
- $285,000
- Grants paid
- $25,000
- Program service revenue
- $0
- Investment income
- $63,246
- Other revenue
- $0
- Total assets, end of year
- $1,998,928
- Total liabilities, end of year
- $75,733
- Net assets or fund balances, end of year
- $1,923,195
- Program services expenses (Part IX)
- $147,206
- Management and general expenses
- $15,544
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $147,206
Program services were 90.4% 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
$285,000
-
1g · Noncash contributions included above
$282,000
-
3 · Investment income
total $42,716 · excluded $42,716
-
7a · Gross sales of assets other than inventory
securities $284,945 · other assets $274,725
-
7b · Less cost or other basis and sales expenses
securities $264,415 · other assets $274,725
-
7c · Gain or loss
securities $20,530 · other assets $0
-
7d · Net gain or loss
total $20,530 · excluded $20,530
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $25,000 · program services $25,000
-
11c · Fees: accounting
total $2,850 · management and general $2,850
-
11f · Fees: investment management
total $10,297 · management and general $10,297
-
13 · Office expenses
total $1,676 · management and general $1,676
-
22 · Depreciation, depletion and amortization
total $81,927 · program services $81,927
-
23 · Insurance
total $3,190 · program services $2,469 · management and general $721
-
24a · Other expenses: Farm labor
total $12,365 · program services $12,365
-
24b · Other expenses: Vehicles
total $10,647 · program services $10,647
-
24c · Other expenses: Livestock
total $7,050 · program services $7,050
-
24d · Other expenses: Volunteer Guild
total $6,503 · program services $6,503
-
24e · All other expenses
total $1,245 · program services $1,245
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,268 · end of year $84,483
-
8 · Inventories for sale or use
beginning of year $24,823 · end of year $24,823
-
10a · Land, buildings and equipment: cost or other basis
$950,761
-
10b · Land, buildings and equipment: accumulated depreciation
$707,563
-
10c · Land, buildings and equipment, net
beginning of year $245,166 · end of year $243,198
-
11 · Investments: publicly traded securities
beginning of year $1,157,754 · end of year $1,364,424
-
15 · Other assets
beginning of year $274,725 · end of year $282,000
-
17 · Accounts payable and accrued expenses
beginning of year $34,594 · end of year $71,288
-
25 · Other liabilities
beginning of year $41,950 · end of year $4,445
-
27 · Net assets without donor restrictions
beginning of year $1,631,192 · end of year $1,923,195
Mission and programs · 2024
Mission
Colonial Markets and Colonial Fairs operates, supports and encourages historical markets and fairs which focus on agriculture, commerce, education, technology and the social practices of the 18th century.
Activities or mission (Part I)
To operate, support and encourage historical markets and fairs.
-
Maintaining pre-Revolutionary 18th century colonial farm environment and experience for educational purposes.
Expenses $147,206 · Grants $25,000
As filed on the 2024 return.
Listed in Part VII
-
Mr Jeffrey Anderson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ms Victoria J Baker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Elliott Curzon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Tim Meisburger
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ms Erin Myers
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Sue R Ripley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Virginia P Norton
President
- Total calculated
- $0
- Hours/week
- 1
-
Jean Ann Gililland
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Catherine Anderson
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Miss Anna C Eberly
Treasurer/Finance Chair
- Total calculated
- $0
- Hours/week
- 40
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.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$25,000
General support for local historical properties
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541839349300209
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