Somersworth Festival Association
- Assets
- $87.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somersworth, NH
- Founding
- 06/1984
- Data as of
- 12/2022
- EIN
- 02-0368054
Organization Overview
Somersworth Festival Association is located in Somersworth, NH. The organization was established in 1984. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somersworth Festival Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Somersworth Festival Association generated $81.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $66.3k during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Houde President | 0.5 | $0 | |
Dina Gagnon Vice President | 0.5 | $0 | |
Lindsey Gagnon Treasurer | 0.5 | $0 | |
Suzanne Gregoire Director | 0.5 | $0 | |
Joseph Ladow Director | 0.5 | $0 | |
Joshua Austin Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,521 |
| Total Program Service Revenue | $11,384 |
| Membership dues | $0 |
| Investment income | $69 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $55,955 |
| Other Revenue | $0 |
| Total Revenue | $81,929 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $26,497 |
| Occupancy, rent, utilities, and maintenance | $7,613 |
| Printing, publications, postage, and shipping | $2,349 |
| Other expenses | $29,826 |
| Total expenses | $66,285 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,641 |
| Other assets | $0 |
| Total assets | $87,456 |
| Total liabilities | $131 |
| Net assets or fund balances | $87,325 |