El Dorado Festivals & Events Inc
- Assets
- $56.1m
- Revenue
- $5.0m
- Investments
- $44.3m
- Employees
- 105
- Location
- El Dorado, AR
- Founding
- 11/2011
- Data as of
- 12/2021
- EIN
- 45-0831620
Organization Overview
El Dorado Festivals & Events Inc is located in El Dorado, AR. The organization was established in 2011. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, El Dorado Festivals & Events Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El Dorado Festivals & Events Inc 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 12/2021, El Dorado Festivals & Events Inc generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS A CELEBRATION OF SOUTHERN CULTURE & ARTS THROUGH AN ANNUAL CALENDAR OF FESTIVALS, SPECIAL EVENTS AND THEATRICAL PRODUCTIONS THAT PROVIDE THE REGION WITH AN INCREASED QUALITY OF LIFE AND GREATER SENSE OF CULTURAL APPRECIATION.
Describe the Organization's Program Activity:
THE ORGANIZATION'S MISSION IS TO CREATE AND SUSTAIN AN ARTS AND ENTERTAINMENT DESTINATION THAT ACTS AS A CATALYST FOR CULTURAL AND EDUCATIONAL CHANGE FOR THE REGION. THIS MISSION WILL BE ACCOMPLISHED THROUGH CONSTRUCTING AN ARTS AND ENTERTAINMENT DISTRICT IN DOWNTOWN ELDORADO, ARKANSAS AND PROGRAMMING THIS DISTRICT WITH AN ANNUAL CALENDAR OF EVENTS. THE ORGANIZATION COMPLETED PHASE 1 OF THE CONSTRUCTION AND STARTED CONDUCTING ARTS AND ENTERTAINMENT EVENTS IN SEPTEMBER 2017.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela K Griffin President/ceo/treasurer | Officer | 40 | $175,355 |
Brett Williamson Member | Trustee | 1 | $0 |
Steve Cameron Member | Trustee | 0.5 | $0 |
Claiborne P Deming Member | Trustee | 0.5 | $0 |
R Madison Murphy Member | Trustee | 0.5 | $0 |
R Andrew Clyde Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ysw Inc Talent Agency | 12/30/21 | $151,820 |
Diversified Construction & Designllc Construction Company | 12/30/21 | $212,080 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $90,042 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,939,891 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,254,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,284,894 |
| Total Program Service Revenue | $443,951 |
| Investment income | $2,510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,396 |
| Net Gain/Loss on Asset Sales | $272,431 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,007,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $175,355 |
| Compensation of current officers, directors, key employees. | $52,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $306,874 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,240 |
| Payroll taxes | $37,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,042 |
| Fees for services: Accounting | $16,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $329,618 |
| Advertising and promotion | $50,166 |
| Office expenses | $35,430 |
| Information technology | $42,815 |
| Royalties | $0 |
| Occupancy | $207,058 |
| Travel | $2,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$12 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,135 |
| Insurance | $74,680 |
| All other expenses | $12,609 |
| Total functional expenses | $1,688,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,398,159 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $145,307 |
| Accounts receivable, net | $356,727 |
| 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 | $142,532 |
| Net Land, buildings, and equipment | $6,736,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $44,272,713 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,413 |
| Total assets | $56,070,172 |
| Accounts payable and accrued expenses | $115,474 |
| Grants payable | $0 |
| Deferred revenue | $291,795 |
| 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 | $18,752 |
| Total liabilities | $426,021 |
| Net assets without donor restrictions | $55,644,151 |
| 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 | $56,070,172 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that El Dorado Festivals & Events Inc has recieved totaling $510,005.
| Awarding Organization | Amount |
|---|---|
Murphy Foundation El Dorado, AR PURPOSE: OPERATIONS | $400,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR THE DELEK US COMMITMENT FULFILLMENT GRANT | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Performing Arts Fort Worth Inc Fort Worth, TX | $130,618,856 | $15,938,262 |
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Starlight Theatre Association Of Kansas City Inc Kansas City, MO | $43,695,119 | $27,963,583 |
Dallas Summer Musicals Inc Dtd 121862 Dallas, TX | $10,391,803 | $15,176,693 |
Connect2culture Joplin, MO | $4,192,804 | $8,724,322 |
Greater Austin Performing Arts Center Austin, TX | $60,832,333 | $4,600,967 |
Oklahoma Contemporary Arts Center Inc Oklahoma City, OK | $30,073,274 | $4,620,457 |
Stages Houston, TX | $35,203,862 | $5,949,704 |
Lubbock Entertainment And Performing Arts Association Lubbock, TX | $190,146,565 | $3,966,271 |
Mississippi Arts And Entertainment Center Meridian, MS | $14,826,824 | $2,667,406 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Tulsa Performing Arts Center Trust Tulsa, OK | $9,008,592 | $6,495,113 |