Groves Pecan Festival
- Assets
- $160.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Groves, TX
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-3039243
Organization Overview
Groves Pecan Festival is located in Groves, TX. The organization was established in 2015. 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. Groves Pecan Festival 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 12/2023, Groves Pecan Festival generated $54.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $11.9k during the year ending 12/2023. 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
GROVES CHAMBER OF COMMERCE - TO PROMOTE TOURISM IN CITY OF GROVES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pansey Lamson President | 1 | $0 | |
Bert Lamson Vice Preside | 1 | $0 | |
Loyd Patterson Treasurer | 1 | $0 | |
Betty Legnon Secretary | 1 | $0 | |
Libbie Lejeune Director | 1 | $0 | |
Tori Gibson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,352 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $571 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $13,396 |
| Other Revenue | $0 |
| Total Revenue | $54,319 |
| 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 | $1,605 |
| Occupancy, rent, utilities, and maintenance | $165 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $135 |
| Total expenses | $11,905 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $125,882 |
| Other assets | $0 |
| Total assets | $160,024 |
| Total liabilities | $5,000 |
| Net assets or fund balances | $155,024 |