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Nonprofiteer
← HARVEST FESTIVAL INC

Form 990 for tax year 2024

Filed by HARVEST FESTIVAL INC.

Totals

Total revenue
-$225,449
Total expenses
$52,279
Contributions and grants received
$24,500
Grants paid
$42,250
Program service revenue
$0
Investment income
$752
Other revenue
-$250,701
Total assets, end of year
$2,002,832
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,002,832
Program services expenses (Part IX)
$47,348
Management and general expenses
$4,931
Fundraising expenses
$0
Program service expenses (Part III)
$47,348

Program services were 90.6% 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.

  • 1c · Fundraising events

    $19,500

  • 1f · All other contributions, gifts and grants

    $5,000

  • 3 · Investment income

    total $752 · excluded $752

  • 8a · Fundraising events: gross income

    $178,276

  • 8a · Fundraising events: contributions included on line 1c

    $19,500

  • 8b · Fundraising events: direct expenses

    $428,977

  • 8c · Net income from fundraising events

    total -$250,701 · excluded -$250,701

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $42,250 · program services $42,250

  • 11c · Fees: accounting

    total $2,350 · management and general $2,350

  • 12 · Advertising and promotion

    total $140 · management and general $140

  • 13 · Office expenses

    total $2,144 · program services $1,715 · management and general $429

  • 22 · Depreciation, depletion and amortization

    total $1,933 · management and general $1,933

  • 23 · Insurance

    total $395 · program services $316 · management and general $79

  • 24a · Other expenses: SCHOLARSHIP DINNER

    total $3,067 · program services $3,067

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,406 · end of year $20,422

  • 2 · Savings and temporary cash investments

    beginning of year $146,320 · end of year $112,862

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

    $14,220

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

    $6,487

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $7,733

  • 11 · Investments: publicly traded securities

    beginning of year $1,680,352 · end of year $1,861,815

  • 27 · Net assets without donor restrictions

    beginning of year $1,808,458 · end of year $1,951,212

  • 28 · Net assets with donor restrictions

    beginning of year $51,620 · end of year $51,620

Mission and programs · 2024

Mission

THE ORGANIZATION SPONSORS AN ANNUAL LIVESTOCK SHOW TO AUCTION FFA STUDENT'S LIVESTOCK. THE PROCEEDS, LESS A MINIMAL HANDLING CHARGE, ARE REMITTED TO THE STUDENTS FOR FUTURE EDUCATIONAL EXPENSES. THE ORGANIZATION ALSO SELLS BROILER CHICKS, SELLS PROGRAM ADS AND COOKS A BARBEQUE DINNER AS PART OF THE LIVESTOCK SHOW. THE ORGANIZATION ALSO SPONSORS A CRAWFISH BOIL, SELLS T-SHIRTS AND HOLDS A RAFFLE. THE NET PROCEEDS OF THESE ACTIVITIES ARE USED FOR ADDITIONAL COLLEGE SCHOLARSHIPS.THE ORGANIZATION ALSO SPONSORS MEETINGS DURING THE YEAR TO EDUCATE FFA STUDENTS AND PROMOTE AGRICULTURAL ENDEAVORS.

  • PROVIDE COLLEGE SCHOLARSHIPS TO GRADUATES OF LONGVIEW AREA SCHOOLS.SCHOLARSHIP RECIPIENTS MUST MAKE WRITTEN APPLICATION TO THE ORGANIZATION. SCHOLARSHIPS ARE PAID DIRECTLY TO THE TWO OR FOUR YEAR COLLEGE OF THE STUDENT'S CHOICE. TO BE ELIGIBLE, THE STUDENT MUST BE A GRADUATING SENIOR, SHOWN AT THE HARVEST FESTIVAL FOR AT LEAST TWO OF HIS OR HER HIGH SCHOOL YEARS AND PLACED IN THE TOP ONE HALF OF THE CLASS ACADEMICALLY. APPLICATIONS ARE JUDGED BASED ON NEED, SCHOLARSHIP, LEADERSHIP, CITIZENSHIP AND PROJECT PROGRAM.

    Expenses $47,348 · Grants $42,250

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Scott Floyd

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Aaron Alcorn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jerry Dillard

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Shannon Fell

    TREASURER

    Total calculated
    $0
    Hours/week
    7

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
2024
Filed
22 July 2025
IRS schema version
2024v5.2
Source object
202522139349300202

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