Urbanna Oyster Festival Foundation
- Assets
- $278.5k
- Revenue
- $113.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Urbanna, VA
- Founding
- 11/1992
- Data as of
- 02/2022
- EIN
- 54-1577658
Organization Overview
Urbanna Oyster Festival Foundation is located in Urbanna, VA. The organization was established in 1992. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, 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. Urbanna Oyster Festival Foundation 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 02/2022, Urbanna Oyster Festival Foundation generated $113.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $80.2k during the year ending 02/2022. While expenses have increased by 1.0% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TWO-DAY CULTURAL ARTS FESTIVAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL TWO-DAY FESTIVAL PROVIDES CULTURAL INFORMATION, EDUCATION, ENTERTAINMENT, AND FUNDRAISING OPPORTUNITIES FOR LOCAL CIVIC GROUPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Hall Sec/treasurer | OfficerTrustee | 5 | $0 |
Bruce Desimone Vice Chairman | OfficerTrustee | 2 | $0 |
Dick Goyne Chairman | OfficerTrustee | 5 | $0 |
James Hatton Director | Trustee | 2 | $0 |
Leslie Jackson Director | Trustee | 2 | $0 |
Ron Joseph Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,636 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,036 |
| Total Program Service Revenue | $0 |
| Investment income | $569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,912 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,475 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,988 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $60 |
| Office expenses | $3,131 |
| Information technology | $1,536 |
| Royalties | $0 |
| Occupancy | $2,522 |
| Travel | $0 |
| 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 | $263 |
| Insurance | $23,971 |
| All other expenses | $0 |
| Total functional expenses | $80,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,154 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $139,342 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $278,496 |
| Accounts payable and accrued expenses | $663 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $25,566 |
| 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 | $0 |
| Total liabilities | $26,229 |
| Net assets without donor restrictions | $0 |
| 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 | $252,267 |
| Total liabilities and net assets/fund balances | $278,496 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Urbanna Oyster Festival Foundation has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: 64TH URBANNA OYSTER FESTIVAL | $10,000 |
Revere Family Foundation Hartfield, VA PURPOSE: DONATION TO SUPPORT FOUNDATIONS PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Cherry Blossom Festival Committee Inc Washington, DC | $2,108,026 | $2,892,068 |
North Carolina Azalea Festival Wilmington Inc Wilmington, NC | $1,649,802 | $2,061,243 |
Cultural Tourism Dc Inc Washington, DC | $212,913 | $396,871 |
Washington Oxi Day Foundation Washington, DC | $583,400 | $659,500 |
Heritage Association Of Greater Dundalk Inc Dundalk, MD | $10,882 | $180,793 |
Anne Frank House Inc Washington, DC | $902,298 | $247,926 |
National Emergency Medical Services Memorial Service Oilville, VA | $56,314 | $192,976 |
Danville Harvest Jubilee Inc Danville, VA | $209,306 | $155,836 |
Corpsmens Memorial Foundation Cmf Jacksonville, NC | $234,551 | $0 |
Lincoln Forum Williamsburg, VA | $251,305 | $0 |
Washington D C National Memorial Foundation Inc Washington, DC | $79,403,154 | $77,886 |
Light House Group Inc Cary, NC | $264,111 | $0 |