Mt Vernon Festivals Inc
- Assets
- $58.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Vernon, IL
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 45-5380442
Organization Overview
Mt Vernon Festivals Inc is located in Mount Vernon, IL. The organization was established in 2014. According to its NTEE Classification (A27) the organization is classified as: Community Celebrations, 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. Mt Vernon Festivals 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 12/2022, Mt Vernon Festivals Inc generated $92.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $100.7k during the year ending 12/2022. While expenses have increased by 36.1% 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
2022
Describe the Organization's Program Activity:
Part 3
ORGANIZE AND OPERATE THE BEST FESTIVALS IN THE COUNTRY IN ORDER TO EARN AND MAINTAIN MT. VERNON'S FESTIVAL ARTS CITY REPUTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Hulbert President | 1 | $0 | |
Lisa Damron Vice President | 1 | $0 | |
Angela Schrum Executive Dir. | 4 | $0 | |
Rex Cusamano Treasurer | 1 | $0 | |
Crystal Webster Director | 1 | $0 | |
Carl Bundy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,380 |
| Total Program Service Revenue | $47,250 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,035 |
| Total Revenue | $92,665 |
| 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 | $215 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $100,500 |
| Total expenses | $100,715 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,574 |
| Other assets | $0 |
| Total assets | $58,574 |
| Total liabilities | $0 |
| Net assets or fund balances | $58,574 |
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