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← COLONIAL MARKETS AND COLONIAL FAIRS INC

Form 990 for tax year 2023

Filed by COLONIAL MARKETS AND COLONIAL FAIRS INC.

Totals

Total revenue
$275,180
Total expenses
$149,963
Contributions and grants received
$274,759
Grants paid
$25,000
Program service revenue
$0
Investment income
$421
Other revenue
$0
Total assets, end of year
$1,707,736
Total liabilities, end of year
$76,544
Net assets or fund balances, end of year
$1,631,192
Program services expenses (Part IX)
$135,668
Management and general expenses
$14,295
Fundraising expenses
$0
Program service expenses (Part III)
$135,668

Program services were 90.5% 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

    $274,759

  • 1g · Noncash contributions included above

    $274,725

  • 3 · Investment income

    total $32,772 · excluded $32,772

  • 7a · Gross sales of assets other than inventory

    securities $466,408

  • 7b · Less cost or other basis and sales expenses

    securities $498,759

  • 7c · Gain or loss

    securities -$32,351

  • 7d · Net gain or loss

    total -$32,351 · excluded -$32,351

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 $2,600 · management and general $2,600

  • 11f · Fees: investment management

    total $9,304 · management and general $9,304

  • 13 · Office expenses

    total $2,391 · management and general $2,391

  • 22 · Depreciation, depletion and amortization

    total $84,475 · program services $84,475

  • 23 · Insurance

    total $2,211 · program services $2,211

  • 24a · Other expenses: Volunteer Guild

    total $9,894 · program services $9,894

  • 24b · Other expenses: Vehicles

    total $8,072 · program services $8,072

  • 24c · Other expenses: Farm labor

    total $4,000 · program services $4,000

  • 24d · Other expenses: Fuel

    total $1,501 · program services $1,501

  • 24e · All other expenses

    total $515 · program services $515

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,994 · end of year $5,268

  • 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

    $1,145,527

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

    $625,636

  • 10c · Land, buildings and equipment, net

    beginning of year $314,548 · end of year $519,891

  • 11 · Investments: publicly traded securities

    beginning of year $1,018,685 · end of year $1,157,754

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,081 · end of year $34,594

  • 25 · Other liabilities

    beginning of year $87,152 · end of year $41,950

  • 27 · Net assets without donor restrictions

    beginning of year $1,262,817 · end of year $1,631,192

Mission and programs · 2023

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 $135,668 · Grants $25,000

As filed on the 2023 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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
1 August 2024
IRS schema version
2023v5.1
Source object
202412279349300526

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