Totals
- Total revenue
- $737,111
- Total expenses
- $388,738
- Contributions and grants received
- $764,942
- Grants paid
- $132,000
- Program service revenue
- $0
- Investment income
- -$27,831
- Other revenue
- $0
- Total assets, end of year
- $2,545,955
- Total liabilities, end of year
- $146,000
- Net assets or fund balances, end of year
- $2,399,955
- Program services expenses (Part IX)
- $189,449
- Management and general expenses
- $16,993
- Fundraising expenses
- $182,296
- Program service expenses (Part III)
- $189,449
Program services were 48.7% 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
$764,942
-
3 · Investment income
total $30,086 · excluded $30,086
-
7a · Gross sales of assets other than inventory
securities $235,065
-
7b · Less cost or other basis and sales expenses
securities $292,982
-
7c · Gain or loss
securities -$57,917
-
7d · Net gain or loss
total -$57,917 · excluded -$57,917
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $132,000 · program services $132,000
-
12 · Advertising and promotion
total $146,307 · fundraising $146,307
-
24a · Other expenses: EVENT SUPPORT
total $37,500 · program services $37,500
-
24b · Other expenses: FUNDRAISING CAMPAIGN
total $35,989 · fundraising $35,989
-
24c · Other expenses: BANK CHARGES
total $16,543 · program services $8,933 · management and general $7,610
-
24d · Other expenses: EVENT EXPENSES
total $11,398 · program services $6,155 · management and general $5,243
-
24e · All other expenses
total $9,001 · program services $4,861 · management and general $4,140
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $305,817 · end of year $213,149
-
3 · Pledges and grants receivable
beginning of year $705,515 · end of year $605,465
-
9 · Prepaid expenses and deferred charges
beginning of year $519 · end of year $534
-
11 · Investments: publicly traded securities
beginning of year $992,185 · end of year $1,718,277
-
15 · Other assets
beginning of year $8,530 · end of year $8,530
-
17 · Accounts payable and accrued expenses
beginning of year $123,009 · end of year $146,000
-
27 · Net assets without donor restrictions
beginning of year $772,693 · end of year $1,391,940
-
28 · Net assets with donor restrictions
beginning of year $1,116,864 · end of year $1,008,015
Mission and programs · 2022
Mission
THE MISSION OF THE 500 FESTIVAL FOUNDATION IS TO GENERATE FUNDS TO SUPPORT THE MISSION OF 500 FESTIVAL INC.
Activities or mission (Part I)
THE 500 FESTIVAL FOUNDATION INC. SUPPORTS THE CHARITABLE ACTIVITIES OF THE 500 FESTIVAL, INC.
-
THE 500 FESTIVAL FOUNDATION INC. SUPPORTS THE CHARITABLE ACTIVITIES OF THE 500 FESTIVAL, INC. BY RAISING FUNDS FOR ITS ACTIVITIES.
Expenses $189,449 · Grants $132,000
As filed on the 2022 return.
Listed in Part VII
-
Gary AlettoGARY ALETTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Clare BroadbentMARY CLARE BROADBENT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John CrispJOHN CRISP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ted DickmanTED DICKMAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bob BrodyBOB BRODY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David KoseneDAVID KOSENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Connie LundCONNIE LUND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nadine GivensNADINE GIVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Natalie RobertsNATALIE ROBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry SemlerJERRY SEMLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike HarmlessMIKE HARMLESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Al WursterAL WURSTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Al Smith JrAL SMITH JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Betty StilwellBETTY STILWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott ThiemsSCOTT THIEMS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Cindy Simon SkjodtCINDY SIMON SKJODT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rob HillmanROB HILLMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leslie Carter-PrallLESLIE CARTER-PRALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott MolanderSCOTT MOLANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike StrohlMIKE STROHL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert BryantROBERT BRYANT
PRESIDENT & CEO
- Total calculated
- $460,357
- From this org
- $0
- From related orgs
- $413,972
- Other
- $46,385
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $326,843 related
- Bonus
- $0 + $60,129 related
- Other
- $0 + $27,000 related
- Deferred
- $0 + $18,300 related
- Nontaxable benefits
- $0 + $28,085 related
- Filer's total
- $0 + $460,357 related
-
Jennifer LoweJENNIFER LOWE
SVP ADMINISTRATION
- Total calculated
- $182,397
- From this org
- $0
- From related orgs
- $155,324
- Other
- $27,073
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $136,975 related
- Bonus
- $0 + $8,885 related
- Other
- $0 + $9,464 related
- Deferred
- $0 + $9,464 related
- Nontaxable benefits
- $0 + $17,609 related
- Filer's total
- $0 + $182,397 related
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 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 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
-
$132,000
SUPPORT CHARITABLE ACTIVITIES OF THE 500 FESTIVAL INC.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(4) · PUBLIC WELFARE · IN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401339349301200
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