Plattduetsche Volksfest Verein
- Assets
- $2.7m
- Revenue
- $111.4k
- Investments
- $64.6k
- Employees
- 0
- Location
- Franklin Sqaure, NY
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 11-2562538
Organization Overview
Plattduetsche Volksfest Verein is located in Franklin Sqaure, NY. The organization was established in 1993. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Plattduetsche Volksfest Verein 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, Plattduetsche Volksfest Verein generated $111.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $200.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE GERMAN COMMUNITY AND THE FURTHERING OF GERMAN CULTURE, HERITAGE, LANGUAGE, HISTORY, ARTS, AND SOCIAL ACTIVITIES.TO PROVIDE THE PHYSICAL FACILITIES TO CONDUCT GERMAN FESTIVALS, ENTERTAINMENTS, TEACHING, FUND RAISING, AND OTHER EFFORTS FOR THE PVV, THE GERMAN COMMUNITY, AND THE MEMBER ORGANIZATIONS.TO PROVIDE THE PHYSICAL FACILITIES FOR EVENTS HOSTED BY OTHER CULTURAL, CHARITABLE AND CIVIC ORGANIZATIONS. TO SUPPORT THE MEMBER ORGANIZATIONS OF THE PVV IN THEIR OWN ACTIVITIES, AND PROVIDE A SAFE AND SUPPORTIVE GERMAN COMMUNITY CENTER FOR ALL.TO MAKE SUCH CHARITABLE CONTRIBUTIONS AND SUPPORT SUCH ACTIVITIES THAT SHALL FURTHER THE CHARITABLE PURPOSE OF THE PVV.
Describe the Organization's Program Activity:
RUN THE KRISTKINDL MARKET WHICH IS AN ANNUAL WEEKEND LONG CHRISTMAS FAIR THAT MIRRORS THE WORLD FAMOUS KRISTKINDL MARKETS HELD IN BOTH GERMANY AND AUSTRIA. THE KRISTKINDL MARKET CELEBRATES GERMAN HERITAGE BY OFFERING GERMAN IMPORT ITEMS, FOOD, MUSIC AND TRADITIONS.
AWARD A GERMAN LANGUAGE SCHOLARSHIP TO A HIGH SCHOOL SENIOR WHO HAS STUDIED THE GERMAN LANGUAGE DURING THE COURSE OF HIS/HER HIGH SCHOOL CAREER. THE SCHOLARSHIP'S AIM IS TO ENCOURAGE THE STUDY OF GERMAN HERITAGE, CULTURE, AND LANGUAGE AMONG THE YOUNGER GENERATION.
RUN THE ANNUAL VOLKSFEST WHICH IS A WEEKEND LONG SUMMER FESTIVAL CELEBRATING GERMAN HERITAGE VIA GERMAN MUSIC, DANCING, FOOD, GAMES AND CUSTOMS.
SPONSOR A FLOAT IN THE GERMAN-AMERICAN STEUBEN PARADE WHICH IS HELD ANNUALLY ON THE THIRD SATURDAY IN SEPTEMBER. THE PARADE WAS FOUNDED IN 1957 BY GERMAN IMMIGRANTS AND GERMAN-AMERICANS ONE OF THE LARGEST ANCESTRAL GROUPS LIVING IN THE UNITED STATES, WHO WANTED TO KEEP THE TRADITIONS OF THEIR HOMELAND ALIVE. THEY NAMED THE PARADE AFTER FRIEDRICH WILHELM VON STEUBEN, A PRUSSIAN-BORN GENERAL WHO SERVED WITH GENERAL GEORGE WASHINGTON IN THE AMERICAN REVOLUTIONARY WAR. VON STEUBEN IS STILL REGARDED AS ONE OF THE MOST INFLUENTIAL GERMANS FOR HIS CONTRIBUTIONS TO AMERICA'S FIGHT FOR INDEPENDENCE; HIS TRAINING OF THE YOUNG AMERICAN TROOPS HELPED ACHIEVE VICTORY AGAINST THE BRITISH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elke Rugen President | OfficerTrustee | 2 | $0 |
Ferdinand Huber 1st Vice President | OfficerTrustee | 2 | $0 |
Peter Pramberger 2nd Vice President | OfficerTrustee | 1 | $0 |
Barbara Huber Treasurer | OfficerTrustee | 2 | $0 |
Carolann Killian Financial Secretary | OfficerTrustee | 2 | $0 |
Larry Ditmers Recording Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $865 |
| Fundraising events | $10,046 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,112 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,023 |
| Total Program Service Revenue | $65,790 |
| Investment income | $3,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,544 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,215 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,847 |
| Grants and other assistance to domestic individuals. | $2,500 |
| 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 | $58,623 |
| Fees for services: Accounting | $40,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,340 |
| 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 | $2,112 |
| Interest | $7,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,410 |
| All other expenses | $0 |
| Total functional expenses | $200,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,319 |
| Savings and temporary cash investments | $115,093 |
| 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 | $2,343,012 |
| Investments—publicly traded securities | $102,551 |
| Investments—other securities | $64,590 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,673,565 |
| 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 | $1,965,597 |
| Unsecured mortgages and notes payable | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $2,115,497 |
| Net assets without donor restrictions | $558,068 |
| Net assets with donor restrictions | $0 |
| 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 | $2,673,565 |