Kokomo Festivals Inc
- Assets
- $72.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kokomo, IN
- Founding
- 01/1998
- Data as of
- 12/2021
- EIN
- 35-1997808
Organization Overview
Kokomo Festivals Inc is located in Kokomo, IN. The organization was established in 1998. 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 the central organization for a national or regional group of organizations. Kokomo Festivals 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, Kokomo Festivals Inc generated $114.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $130.3k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
ORCHESTRATE A SUMMER FESTIVAL SHOWCASING KOKOMO'S AUTOMOTIVE HERITAGE AND EDUCATE GENERAL PUBLIC CONCERNING SAID HERITAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Bailey Director | 0 | $0 | |
Paul Wyman President | 2 | $0 | |
Mark Waldron Director | 0 | $0 | |
Toni Brock Director | 0 | $0 | |
Noel Younce Director | 0 | $0 | |
Melissa Reed Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,595 |
| Total Program Service Revenue | $55,720 |
| Membership dues | $0 |
| Investment income | $76 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $114,391 |
| 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 | $35,830 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $94,427 |
| Total expenses | $130,257 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,765 |
| Other assets | $0 |
| Total assets | $72,265 |
| Total liabilities | $0 |
| Net assets or fund balances | $72,265 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kokomo Festivals Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Nisource Charitable Foundation Columbus, OH PURPOSE: CORPORATE DONATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard M Fairbanks Foundation Inc Indianapolis, IN | $343,052,565 | $13,782,735 |
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
Kane County Fair St Charles, IL | $21,061,651 | $1,916,331 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |
Lake County Fair Association Grayslake, IL | $27,796,345 | $1,095,277 |
Walworth County Agricultural Society Elkhorn, WI | $2,948,383 | $904,049 |
Shawano Area Agricultural Society Inc Shawano, WI | $1,017,818 | $1,408,309 |
Southeast Missouri District Fair Association Inc Cape Girardeau, MO | $2,015,257 | $841,297 |