Strawberry Festival Inc
- Assets
- $158.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Crawfordsville, IN
- Founding
- 05/1993
- Data as of
- 09/2023
- EIN
- 35-1836706
Organization Overview
Strawberry Festival Inc is located in Crawfordsville, IN. The organization was established in 1993. 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. Strawberry 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 09/2023, Strawberry Festival Inc generated $123.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $100.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THIS IS A ONE TIME A YEAR, 3 DAY FOOD AND ENTERTAINMENT FESTIVAL, WITH OUR ONLY PROGRAM SERVICE TO CONDUCT AN ANNUAL FESTIVAL WHICH ENCOURAGES FUN AND FELLOWSHIP OF WITHIN OUR COMMUNITY, AS WELL AS PROVIDE A RESOURCE FOR LOCAL CHARITABLE ORGANIZATIONS TO MAKE MONEY. APPROXIMATELY 15,000 PEOPLE ATTEND THE THREE DAY EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David S Long President | 5 | $0 | |
Brenda L Barton Secretary | 5 | $0 | |
Dale L Petrie Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,104 |
| Total Program Service Revenue | $89,452 |
| Membership dues | $95 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $123,663 |
| 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 | $15,859 |
| Occupancy, rent, utilities, and maintenance | $9,799 |
| Printing, publications, postage, and shipping | $1,469 |
| Other expenses | $73,388 |
| Total expenses | $100,515 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $96,411 |
| Other assets | $0 |
| Total assets | $158,603 |
| Total liabilities | $0 |
| Net assets or fund balances | $158,603 |