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Nonprofiteer
← HOLLAND TULIP TIME FESTIVAL INC

Form 990 for tax year 2024

Filed by HOLLAND TULIP TIME FESTIVAL INC.

Totals

Total revenue
$2,386,508
Total expenses
$2,368,378
Contributions and grants received
$645,561
Grants paid
$0
Program service revenue
$1,600,188
Investment income
$37,041
Other revenue
$103,718
Total assets, end of year
$1,552,597
Total liabilities, end of year
$339,751
Net assets or fund balances, end of year
$1,212,846
Program services expenses (Part IX)
$1,914,382
Management and general expenses
$253,721
Fundraising expenses
$200,275
Program service expenses (Part III)
$1,914,382

Program services were 80.8% 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.

  • 1e · Government grants (contributions)

    $11,500

  • 1f · All other contributions, gifts and grants

    $634,061

  • 1g · Noncash contributions included above

    $261,716

  • 2a · Program service revenue: FESTIVAL EVENTS REVENUE

    total $1,528,955 · related or exempt $1,528,955

  • 2b · Program service revenue: TICKET FEE REVENUES

    total $71,233 · related or exempt $71,233

  • 3 · Investment income

    total $37,041 · excluded $37,041

  • 10a · Gross sales of inventory

    $40,170

  • 10b · Cost of goods sold

    $34,521

  • 10c · Net income from sales of inventory

    total $5,649 · related or exempt $5,649

  • 11a · Other revenue: EMPLOYEE RETENTION CREDIT

    total $97,690 · related or exempt $97,690

  • 11b · Other revenue: OTHER REVENUE

    total $379 · related or exempt $379

  • 11e · Other revenue, total

    $98,069

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $185,326 · management and general $92,663 · fundraising $92,663

  • 7 · Other salaries and wages

    total $272,239 · program services $231,829 · management and general $31,519 · fundraising $8,891

  • 8 · Pension plan contributions

    total $15,258 · program services $7,730 · management and general $4,141 · fundraising $3,387

  • 9 · Other employee benefits

    total $5,992 · program services $3,036 · management and general $1,626 · fundraising $1,330

  • 10 · Payroll taxes

    total $38,984 · program services $19,752 · management and general $10,580 · fundraising $8,652

  • 11b · Fees: legal

    total $3,223 · management and general $3,223

  • 11c · Fees: accounting

    total $71,258 · management and general $71,258

  • 12 · Advertising and promotion

    total $156,930 · program services $156,930

  • 13 · Office expenses

    total $140,301 · program services $129,501 · management and general $7,532 · fundraising $3,268

  • 14 · Information technology

    total $26,559 · program services $19,919 · management and general $2,656 · fundraising $3,984

  • 16 · Occupancy

    total $95,690 · program services $71,767 · management and general $9,570 · fundraising $14,353

  • 20 · Interest

    total $4,208 · program services $3,156 · management and general $421 · fundraising $631

  • 22 · Depreciation, depletion and amortization

    total $23,464 · program services $17,598 · management and general $2,346 · fundraising $3,520

  • 23 · Insurance

    total $45,318 · program services $41,962 · management and general $2,579 · fundraising $777

  • 24a · Other expenses: PROGRAM EVENT EXPENSE

    total $1,019,593 · program services $1,019,593

  • 24b · Other expenses: CONTRACT LABOR STAFFING

    total $92,600 · program services $92,600

  • 24c · Other expenses: FESTIVAL OPERATING EXP

    total $60,801 · program services $60,801

  • 24d · Other expenses: SPONSORSHIP EXPENSE

    total $58,819 · fundraising $58,819

  • 24e · All other expenses

    total $51,815 · program services $38,208 · management and general $13,607

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $336,132 · end of year $395,713

  • 2 · Savings and temporary cash investments

    beginning of year $688,427 · end of year $621,265

  • 4 · Accounts receivable

    beginning of year $31,389 · end of year $25,158

  • 8 · Inventories for sale or use

    beginning of year $14,538 · end of year $8,270

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,365 · end of year $29,500

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

    $569,017

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

    $199,789

  • 10c · Land, buildings and equipment, net

    beginning of year $447,776 · end of year $369,228

  • 15 · Other assets

    end of year $103,463

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,077 · end of year $31,532

  • 19 · Deferred revenue

    beginning of year $3,190 · end of year $22,242

  • 23 · Secured mortgages and notes payable

    beginning of year $141,318 · end of year $137,468

  • 25 · Other liabilities

    beginning of year $205,602 · end of year $148,509

  • 27 · Net assets without donor restrictions

    beginning of year $1,145,982 · end of year $1,195,325

  • 28 · Net assets with donor restrictions

    beginning of year $35,458 · end of year $17,521

Mission and programs · 2024

Mission

TO OPERATE A TULIP TIME FESTIVAL, WHICH CELEBRATES AND COMMEMORATES THE HOLLAND, MICHIGAN AREA'S DUTCH HERITAGE AND THE TULIP.

  • THE HOLLAND TULIP TIME FESTIVAL, INC. IS A MICHIGAN NON-PROFIT CORPORATION WHICH PLANS AN ANNUAL FESTIVAL CENTERED AROUND DUTCH HERITAGE AND THE TULIP FOR THE PURPOSE OF PROMOTING THE HOLLAND, MICHIGAN AREA AND ITS CITIZENS. THE FESTIVAL CELEBRATES AND COMMEMORATES THE FOUNDING OF HOLLAND AS A COMMUNITY AND THE TULIP AS A CULTURAL ICON FOR THE AREA. THE FESTIVAL INCLUDES MUSICAL PRESENTATIONS, DUTCH DANCING, PARADES, AND OTHER EVENTS WHICH EDUCATE CITIZENS AND VISITORS ON DUTCH TRADITIONS AND OBSERVANCES.

    Expenses $1,914,382 · Revenue $1,600,188

As filed on the 2024 return.

Listed in Part VII

  • GWEN AUWERDA

    EXECUTIVE DI

    Total calculated
    $175,576
    From this org
    $159,391
    From related orgs
    $0
    Other
    $16,185
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,391
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $16,185
    Filer's total
    $175,576

  • BILL BADRAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DUNCAN BOCKS

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • ROSEMARY ERVINE

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    4

  • DARCY FLUHARTY

    1ST VICE CHA

    Total calculated
    $0
    Hours/week
    4

  • LINDA HART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANDY KENYON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SARAH PHILLIPS

    2ND VICE CHA

    Total calculated
    $0
    Hours/week
    4

  • SANDRA PIERCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LEANNE SCHAEFFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • COLLEEN SCHIPSI

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • SCOTT STENSTROM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ILIANA VASQUEZ-OCHOA

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
6 February 2026
IRS schema version
2024v5.0
Source object
202620379349300427

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