Nautical City Festival Inc
- Assets
- $179.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rogers City, MI
- Founding
- 04/1991
- Data as of
- 09/2023
- EIN
- 38-2364340
Organization Overview
Nautical City Festival Inc is located in Rogers City, MI. The organization was established in 1991. 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. Nautical City 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, Nautical City Festival Inc generated $125.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $96.5k during the year ending 09/2023. While expenses have increased by 0.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
TO OPERATE A NAUTICAL FESTIVAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Margherio President | 15 | $0 | |
Karen Bailey Secretary Treasurer | 20 | $0 | |
Kathleen Roth Vice Prestident | 10 | $0 | |
Missy Bannon Director | 25 | $0 | |
Timeen Adair Director | 15 | $0 | |
Paul Bennett Director | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $400 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $125,064 |
| Total Revenue | $125,464 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $96,527 |
| Total expenses | $96,527 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,973 |
| Other assets | $0 |
| Total assets | $179,413 |
| Total liabilities | $0 |
| Net assets or fund balances | $179,413 |