Wichita Festivals Inc
- Assets
- $2.1m
- Revenue
- $2.1m
- Investments
- $14.4k
- Employees
- 9
- Location
- Wichita, KS
- Founding
- 04/1972
- Data as of
- 12/2021
- 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 12/2021, Wichita Festivals Inc employed 9 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 12/2021, Wichita Festivals Inc generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. 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 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 |
|---|---|---|---|
Lisa Hansen VP Finance | Officer | 45 | $85,452 |
Delphia A Keefer Former President/ceo | Officer | 45 | $80,276 |
Jeff Mccausland Chair | OfficerTrustee | 3 | $0 |
Lisa Binau Treasurer | OfficerTrustee | 3 | $0 |
Shane Stuhlsatz Past Chair/chair | OfficerTrustee | 3 | $0 |
Sean Tarantino Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $870,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,217 |
| Noncash contributions included in lines 1a–1f | $50,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,024,695 |
| Total Program Service Revenue | $1,011,741 |
| Investment income | $15,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,549 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,345 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,145,055 |
| 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. | $165,728 |
| Compensation of current officers, directors, key employees. | $36,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,215 |
| Payroll taxes | $35,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,352 |
| Fees for services: Other | $17,652 |
| Advertising and promotion | $98,343 |
| Office expenses | $93,273 |
| Information technology | $20,870 |
| Royalties | $0 |
| Occupancy | $52,416 |
| Travel | $3,404 |
| 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 | $8,584 |
| Insurance | $81,722 |
| All other expenses | $164,164 |
| Total functional expenses | $1,632,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,191,007 |
| Savings and temporary cash investments | $757,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,043 |
| 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 | $32,018 |
| Net Land, buildings, and equipment | $13,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,387 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,056,183 |
| Accounts payable and accrued expenses | $55,429 |
| Grants payable | $0 |
| Deferred revenue | $790,033 |
| 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 | $154,265 |
| Total liabilities | $999,727 |
| Net assets without donor restrictions | $1,055,161 |
| 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 | $2,056,183 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wichita Festivals Inc has recieved totaling $30,963.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $29,932 |
Devore Foundation Wichita, KS PURPOSE: UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
Lancaster County Agricultural Society Inc Lincoln, NE | $20,865,052 | $2,982,282 |
Petroleum Equipment Institute Tulsa, OK | $10,127,893 | $3,682,039 |
Wichita Festivals Inc Wichita, KS | $2,056,183 | $2,145,055 |
Southeast Missouri District Fair Association Inc Cape Girardeau, MO | $2,015,257 | $841,297 |
Lincoln County Fair Inc Troy, MO | $1,246,942 | $1,315,602 |
Gasconade County Fair Association Owensville, MO | $722,006 | $1,011,925 |
Fair St Louis Foundation St Louis, MO | $2,658,142 | $872,861 |
Montgomery County Fair Society Montgomery City, MO | $858,193 | $786,514 |
Sarpy County Agricultural Society Inc Springfield, NE | $3,209,617 | $930,721 |
Seward County Agricultural Society Seward, NE | $3,993,191 | $727,011 |
Douglas County Fair Foundation Inc Castle Rock, CO | $377,932 | $695,520 |