Milford Oyster Festival Inc
- Assets
- $194.6k
- Revenue
- $229.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Milford, CT
- Founding
- 01/1992
- Data as of
- 12/2021
- EIN
- 06-1029743
Organization Overview
Milford Oyster Festival Inc is located in Milford, CT. The organization was established in 1992. 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. Milford Oyster Festival Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Milford Oyster Festival Inc generated $229.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $231.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OFFERS THE MILFORD COMMUNITY WITH A FESTIVAL FOR ALL TO ATTEND, AND TO PROVIDE A VENUE FOR VARIOUS LOCAL NON-PROFIT ORGANIZATIONS TO RAISE FUNDS FOR THEIR EXEMPT PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL MILFORD OYSTER FESTIVAL IS A COMMUNITY ENRICHING EVENT THAT BRINGS 40,000 TO 50,000 PEOPLE INTO MILFORD ON A GIVEN WEEKEND, IN AUGUST OF EACH YEAR.IT IS ALSO A FORUM FOR NON-PROFIT ORGANIZATIONS TO RAISE FUNDS & AWARENESS FOR THEIR NON-PROFIT PURPOSES, AND TO SUPPLY A VANUE FOR ART & CRAFTS VENDORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ila Tokarz President | Officer | 7.5 | $0 |
Jay Pinto Vice President | Officer | 7.5 | $0 |
Doretta Sackville Vice President | Officer | 3 | $0 |
John H O'connell Treasurer | Officer | 2 | $0 |
Cathy Curley Secretary | Officer | 3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $229,622 |
| Investment income | $293 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,145 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,169 |
| Office expenses | $5,345 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $12,002 |
| All other expenses | $0 |
| Total functional expenses | $231,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,134 |
| Savings and temporary cash investments | $126,453 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $194,587 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,300 |
| Total liabilities | $6,300 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,500 |
| Paid-in or capital surplus, or land, building, or equipment fund | $186,787 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $194,587 |
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|---|---|---|
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Erie County Agricultural Society Hamburg, NY | $60,939,761 | $12,196,655 |
Massachusetts Corrections Officers Federated Union Milford, MA | $5,016,192 | $3,161,226 |
New England Fuel Institute Inc Wilmington, MA | $718,912 | $1,881,576 |
Hampshire Franklin And Hampden Agricultural Soc Northampton, MA | $5,535,484 | $2,024,301 |
Rensselaer County Agricultural And Horticultural Society Schaghticoke, NY | $177,388 | $1,283,672 |
The Woodstock Agricultural Society Woodstock, CT | $6,649,911 | $1,484,894 |
A Taste Of Buffalo Inc Lancaster, NY | $218,839 | $1,255,644 |
Washington County Fair Inc Greenwich, NY | $4,674,177 | $1,578,526 |
Rochester Fringe Festival Inc Rochester, NY | $674,965 | $1,364,718 |
Ulster County Agricultural Society New Paltz, NY | $1,392,415 | $1,113,784 |
Columbia County Agricultural Society Chatham, NY | $1,929,227 | $813,177 |