Form 990 for tax year 2024

1f · All other contributions, gifts and grants

$1,258,230

1g · Noncash contributions included above

$18,000

2a · Program service revenue: FESTIVAL EVENTS

total $1,102,550 · related or exempt $1,102,550

3 · Investment income

total $23,912 · excluded $23,912

10a · Gross sales of inventory

$41,548

10b · Cost of goods sold

$44,537

10c · Net income from sales of inventory

total -$2,989 · related or exempt -$2,989

11a · Other revenue: MISCELLANEOUS REVENUE

total $11,654 · related or exempt $11,654

11e · Other revenue, total

$11,654

5 · Compensation of officers, directors and key employees

total $390,157 · program services $370,374 · management and general $19,783

7 · Other salaries and wages

total $320,274 · program services $304,035 · management and general $16,239

8 · Pension plan contributions

total $43,436 · program services $41,234 · management and general $2,202

9 · Other employee benefits

total $50,920 · program services $48,338 · management and general $2,582

10 · Payroll taxes

total $51,862 · program services $49,232 · management and general $2,630

11g · Fees: other

total $147,856 · management and general $147,856

12 · Advertising and promotion

total $102,358 · program services $41,869 · management and general $60,489

13 · Office expenses

total $133,310 · program services $39,868 · management and general $93,442

16 · Occupancy

total $114,793 · management and general $114,793

17 · Travel

total $13,264 · management and general $13,264

20 · Interest

total $3,654 · management and general $3,654

22 · Depreciation, depletion and amortization

total $40,200 · management and general $40,200

24a · Other expenses: PROGRAM EVENT EXPENSES

total $1,573,392 · program services $1,573,392

24b · Other expenses: HOSPITALITY - SPONSORS,

total $42,423 · program services $42,423

24c · Other expenses: PUBLIC RELATIONS SERVIC

total $15,155 · program services $15,155

24d · Other expenses: STAFF TRAINING

total $2,353 · management and general $2,353

24e · All other expenses

total $2,000 · program services $2,000

1 · Cash, non-interest-bearing

beginning of year $1,091,925 · end of year $272,981

4 · Accounts receivable

beginning of year $42,740 · end of year $10,150

8 · Inventories for sale or use

beginning of year $4,500 · end of year $4,500

9 · Prepaid expenses and deferred charges

beginning of year $8,452 · end of year $22,090

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

$2,149,727

10b · Land, buildings and equipment: accumulated depreciation

$1,641,040

10c · Land, buildings and equipment, net

beginning of year $501,307 · end of year $508,687

11 · Investments: publicly traded securities

beginning of year $0 · end of year $0

17 · Accounts payable and accrued expenses

beginning of year $264,823 · end of year $105,867

19 · Deferred revenue

beginning of year $12,717 · end of year $7,155

23 · Secured mortgages and notes payable

beginning of year $138,661 · end of year $122,972

27 · Net assets without donor restrictions

beginning of year $1,232,723 · end of year $582,414