Form 990 for tax year 2024
Filed by HISTORIC MORGANTON FESTIVAL INC.
Totals
- Total revenue
- $318,977
- Total expenses
- $300,691
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $317,699
- Investment income
- $954
- Other revenue
- $324
- Total assets, end of year
- $146,513
- Total liabilities, end of year
- $8,250
- Net assets or fund balances, end of year
- $138,263
- Program services expenses (Part IX)
- $284,850
- Management and general expenses
- $15,841
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $284,850
Program services were 94.7% 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.
-
2a · Program service revenue: SPONSORSHIPS
total $135,000 · related or exempt $135,000
-
2b · Program service revenue: VENDOR AND ADMISSIONS
total $110,530 · related or exempt $110,530
-
2c · Program service revenue: MERCHANDISE SALES
total $72,169 · related or exempt $72,169
-
3 · Investment income
total $954 · related or exempt $954
-
8c · Net income from fundraising events
total $0
-
11d · All other revenue
total $324 · related or exempt $324
-
11e · Other revenue, total
$324
Functional expenses
Part IX, the statement of functional expenses.
-
12 · Advertising and promotion
total $22,535 · program services $22,535
-
13 · Office expenses
total $1,635 · management and general $1,635
-
17 · Travel
total $7,010 · program services $7,010
-
23 · Insurance
total $26,610 · program services $26,610
-
24a · Other expenses: EVENT EXPENSES
total $211,801 · program services $211,801
-
24b · Other expenses: UTILITIES
total $2,749 · program services $225 · management and general $2,524
-
24c · Other expenses: LICENSES AND PERMITS
total $4,796 · program services $4,796
-
24e · All other expenses
total $23,555 · program services $11,873 · management and general $11,682
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $100,028 · end of year $90,499
-
2 · Savings and temporary cash investments
beginning of year $21,873 · end of year $52,488
-
4 · Accounts receivable
beginning of year $615 · end of year $1,582
-
9 · Prepaid expenses and deferred charges
end of year $1,944
-
17 · Accounts payable and accrued expenses
beginning of year $1,789
-
19 · Deferred revenue
beginning of year $750 · end of year $8,250
-
31 · Retained earnings, endowment or other funds
beginning of year $119,977 · end of year $138,263
Mission and programs · 2024
Mission
BENEFIT AND DEVELOPMENT OF THE CITY OF MORGANTON COMMUNITY
-
FESTIVAL: A TWO DAY DOWNTOWN FESTIVAL FEATURING EVENTS WITH EXPENSES TOTALLING $ 213 405 FRIDAY NIGHT: A SERIES OF APPROXIMATELY 13 FRIDAY NIGHT EVENTS WITH EXPENSES TOTALLING $ 59 406 FARMERS MARKETS: A SERIES OF EVENTS FEATURING SEASONAL FARMERS MARKET WITH EXPENSES TOTALLING $ 11 407 MADE: ARTS & DESIGN ENGINEERING CHALLENGE FOR MIDDLE & HIGH SCHOOLERS WITH EXPENSES TOTALLING $ 632
Expenses $284,850
As filed on the 2024 return.
Listed in Part VII
-
Sharon JablonskiSHARON JABLONSKI
PROGRAM DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Judy WillisJUDY WILLIS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Tom PeelerTOM PEELER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Marla BlackMARLA BLACK
2ND VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Dianne ReihlDIANNE REIHL
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Gene WillardGENE WILLARD
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan BlackBRYAN BLACK
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eddie McGimseyEDDIE MCGIMSEY
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Abby NelsonABBY NELSON
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve GregorySTEVE GREGORY
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tamera SutherTAMERA SUTHER
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gene ReihlGENE REIHL
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ed PhillipsED PHILLIPS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Makenzie McGinnisMAKENZIE MCGINNIS
MANAGER
- Total calculated
- $0
- Hours/week
- 10
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
- 14 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202511419349300546
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