Wichita Festivals Inc
- Assets
- $1.6m
- Revenue
- $2.9m
- Investments
- $12.4k
- Employees
- 16
- Location
- Wichita, KS
- Founding
- 04/1972
- Data as of
- 12/2022
- EIN
- 48-0783840
Organization Overview
Wichita Festivals Inc is located in Wichita, KS. The organization was established in 1972. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Wichita Festivals Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wichita 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, Wichita Festivals Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 1.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRODUCER OF COMMUNITY EVENTS.
Describe the Organization's Program Activity:
RIVERFEST: THE ANNUAL FESTIVAL IS A COMMUNITY EVENT WHICH SERVES WICHITA, KANSAS BY SPONSORING PARADES, FIREWORKS, CONCERTS AND OTHER ACTIVITIES.
AUTUMN AND ART AT BRADLEY FAIR IN THE FALL - COMMUNITY EVENT WHERE PEOPLE CAN PURCHASE ARTISTS' WORK.
THE BOB STRUBLE MEMORIAL GOLF TOURNAMENT HONORS A LONGTIME VOLUNTEER AND SUPPORTS CANCER RESEARCH AND TREATMENT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Gattis Director | Trustee | 1 | $0 |
Shane Stuhlsatz Director | Trustee | 1 | $0 |
Zach Fugate Director | Trustee | 1 | $0 |
Tom Johnson Director | Trustee | 1 | $0 |
Jeff Mccausland Past Chair | OfficerTrustee | 3 | $0 |
Joe Surmeier Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shannon Hoopingarner Hoopingarner Conce Concessions | 12/30/22 | $142,466 |
Creative Artists Agency Entertainment | 12/30/22 | $112,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $839,681 |
| Noncash contributions included in lines 1a–1f | $52,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $839,681 |
| Total Program Service Revenue | $1,968,824 |
| Investment income | $24,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,236 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,713 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,914,850 |
| 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. | $104,877 |
| Compensation of current officers, directors, key employees. | $23,073 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,200 |
| Payroll taxes | $39,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,686 |
| Fees for services: Other | $35,757 |
| Advertising and promotion | $98,848 |
| Office expenses | $118,911 |
| Information technology | $30,509 |
| Royalties | $0 |
| Occupancy | $62,161 |
| Travel | $14,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,241 |
| Insurance | $88,551 |
| All other expenses | $281,063 |
| Total functional expenses | $2,440,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $703,872 |
| Savings and temporary cash investments | $814,697 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,488 |
| 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 | $9,608 |
| Net Land, buildings, and equipment | $34,271 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,407 |
| Investments—program-related | $0 |
| Intangible assets | $26,000 |
| Other assets | $0 |
| Total assets | $1,608,343 |
| Accounts payable and accrued expenses | $23,589 |
| Grants payable | $0 |
| Deferred revenue | $50,232 |
| 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 | $154,367 |
| Total liabilities | $228,188 |
| Net assets without donor restrictions | $1,378,860 |
| Net assets with donor restrictions | $1,295 |
| 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 | $1,608,343 |