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Nonprofiteer
← CEDAR RAPIDS FREEDOM FESTIVAL INC

Form 990 for tax year 2024

Filed by CEDAR RAPIDS FREEDOM FESTIVAL INC.

Totals

Total revenue
$542,113
Total expenses
$649,540
Contributions and grants received
$303,484
Grants paid
$0
Program service revenue
$189,837
Investment income
$3,670
Other revenue
$45,122
Total assets, end of year
$150,456
Total liabilities, end of year
$77
Net assets or fund balances, end of year
$150,379
Program services expenses (Part IX)
$515,368
Management and general expenses
$78,083
Fundraising expenses
$56,089
Program service expenses (Part III)
$515,368

Program services were 79.3% 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)

    $38,395

  • 1f · All other contributions, gifts and grants

    $265,089

  • 2a · Program service revenue: FREEDOM FESTIVAL EVENT

    total $189,837 · related or exempt $189,837

  • 3 · Investment income

    total $3,582 · excluded $3,582

  • 7a · Gross sales of assets other than inventory

    securities $88

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

    securities $0

  • 7c · Gain or loss

    securities $88

  • 7d · Net gain or loss

    total $88 · excluded $88

  • 10a · Gross sales of inventory

    $36,600

  • 10b · Cost of goods sold

    $8,080

  • 10c · Net income from sales of inventory

    total $28,520 · related or exempt $28,520

  • 11a · Other revenue: INCOME - ADMINISTRATIV

    total $16,602 · related or exempt $16,602

  • 11e · Other revenue, total

    $16,602

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $81,439 · program services $20,360 · management and general $20,360 · fundraising $40,719

  • 7 · Other salaries and wages

    total $77,423 · program services $54,196 · management and general $23,227

  • 9 · Other employee benefits

    total $6,211 · program services $4,348 · management and general $1,863

  • 10 · Payroll taxes

    total $11,231 · program services $2,808 · management and general $2,808 · fundraising $5,615

  • 11c · Fees: accounting

    total $25,696 · program services $17,987 · management and general $7,709

  • 11f · Fees: investment management

    total $894 · program services $626 · management and general $268

  • 12 · Advertising and promotion

    total $22,563 · program services $9,025 · management and general $3,836 · fundraising $9,702

  • 13 · Office expenses

    total $10,466 · program services $7,328 · management and general $3,138

  • 14 · Information technology

    total $2,583 · program services $1,808 · management and general $775

  • 16 · Occupancy

    total $16,126 · program services $11,288 · management and general $4,838

  • 22 · Depreciation, depletion and amortization

    total $43 · program services $30 · management and general $13

  • 23 · Insurance

    total $37,150 · program services $33,435 · management and general $3,715

  • 24a · Other expenses: EVENT EXPENSES

    total $337,099 · program services $336,514 · management and general $532 · fundraising $53

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $5,299 · program services $3,709 · management and general $1,590

  • 24c · Other expenses: MEMBERSHIPS

    total $3,950 · program services $2,765 · management and general $1,185

  • 24d · Other expenses: BOARD OF DIRECTORS

    total $2,840 · program services $1,988 · management and general $852

  • 24e · All other expenses

    total $8,527 · program services $7,153 · management and general $1,374

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $151 · end of year $151

  • 2 · Savings and temporary cash investments

    beginning of year $14,810 · end of year $3,276

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

    $73,923

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

    $73,923

  • 10c · Land, buildings and equipment, net

    beginning of year $43 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $228,638 · end of year $147,029

  • 17 · Accounts payable and accrued expenses

    beginning of year $851 · end of year $77

  • 25 · Other liabilities

    beginning of year $454 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $242,337 · end of year $150,379

Mission and programs · 2024

Mission

THE CEDAR RAPIDS FREEDOM FESTIVAL SEEKS TO PROVIDE SAFE, AFFORDABLE, AND FUN ANNUAL EVENTS THAT EMBODY THE SPIRIT OF PATRIOTISM AND A SENSE OF COMMUNITY AND FAMILY.

  • THE CEDAR RAPIDS FREEDOM FESTIVAL IS A TWO WEEK FESTIVAL THAT CULMINATES ON THE 4TH OF JULY WITH TRADITIONS AND PROGRAMMING. THIS INCLUDES THE PANCAKE BREAKFAST, CLASSIC CAR SHOW, AND CELEBRATION OF FREEDOM FIREWORKS DISPLAY. THIS IS THE LARGEST 4TH OF JULY FIREWORKS DISPLAY IN THE STATE OF IOWA. PROGRAMMING INCLUDES A CONCERT, KIDS PROGRAMMING, VENDORS, AND A 25- MINUTE FIREWORKS DISPLAY. THESE ACTIVITIES ARE ENJOYED BY MORE THAN 50,000 PEOPLE EACH 4TH OF JULY.

    Expenses $515,368 · Revenue $234,959

As filed on the 2024 return.

Listed in Part VII

  • Jessica Mackey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Ron Slagle

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Megan Merritt

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joe Winters

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Brunscheen

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Becky Eckley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Mussell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shelby Vanous

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sierra Woodall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jenny Townsend

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Coady Sierra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Gaunitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Liz Loney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Armstrong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Torri Freese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hannah Coyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Whiting

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tonya Petrozzi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Vorba

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jess Peters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brittany Barnhart

    EXECUTIVE DIRECTOR

    Total calculated
    $34,078
    From this org
    $34,078
    From related orgs
    $0
    Other
    $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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
27 January 2026
IRS schema version
2024v5.5
Source object
202640339349300519

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