Capital Fringe Inc
- Assets
- $962.5k
- Revenue
- $488.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 03-0561944
Organization Overview
Capital Fringe Inc is located in Washington, DC. The organization was established in 2005. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Fringe Inc 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 12/2023, Capital Fringe Inc generated $488.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $672.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CAPITAL FRINGE WAS FOUNDED IN 2005 WITH A MISSION TO CELEBRATE CULTURAL DEMOCRACY AND ACCESS TO ART AND ARTISTIC EXPRESSION FOR ALL. BY EMBRACING DIVERSITY AND A SPIRIT OF INDEPENDENCE, WE CREATE EARNING OPPORTUNITIES FOR INDIVIDUAL ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MAJOR PROGRAM, THE FRINGE FESTIVAL RETURNED IN PARTNERSHIP WITH THE GEORGETOWN BID. A TOTAL OF 50% OF THE AVAILABLE TICKETS WERE SOLD, GENERATING $128,141 IN REVENUE FOR THE FESTIVALS 43 PARTICIPATING PRODUCTIONS. 70% OF THAT REVENUE WENT DIRECTLY TO PARTICIPATING PRODUCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julianne Brienza Presidentsecretary | OfficerTrustee | 60 | $100,000 |
David Gorodetski Director | Trustee | 1 | $0 |
Anthony Gittens Director | Trustee | 1 | $0 |
Farrell Parker Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $306,429 |
| Noncash contributions included in lines 1a–1f | $47,506 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,429 |
| Total Program Service Revenue | $175,764 |
| Investment income | $14,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,572 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $488,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation of current officers, directors, key employees. | $13,684 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,000 |
| Pension plan accruals and contributions | $25,000 |
| Other employee benefits | $7,839 |
| Payroll taxes | $9,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,519 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,582 |
| Fees for services: Other | $51,700 |
| Advertising and promotion | $19,003 |
| Office expenses | $21,641 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,704 |
| Travel | $850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $832 |
| Insurance | $3,736 |
| All other expenses | $0 |
| Total functional expenses | $672,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,441 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $120,698 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,437 |
| Net Land, buildings, and equipment | $1,388 |
| Investments—publicly traded securities | $611,486 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $962,450 |
| Accounts payable and accrued expenses | $1,097 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,097 |
| Net assets without donor restrictions | $840,655 |
| Net assets with donor restrictions | $120,698 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $962,450 |