Great Gulfcoast Arts Festival Inc
- Assets
- $141.2k
- Revenue
- $299.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 12/1988
- Data as of
- 12/2023
- EIN
- 59-2884632
Organization Overview
Great Gulfcoast Arts Festival Inc is located in Pensacola, FL. The organization was established in 1988. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Great Gulfcoast Arts Festival 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 12/2023, Great Gulfcoast Arts Festival Inc generated $299.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $261.2k during the year ending 12/2023. While expenses have increased by 5.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF OUR ORGANIZATION IS TO PUT ON A HIGH QUALITY ARTS FESTIVAL FOR THE NORTHWEST FLORIDA AREA. THE FESTIVAL OCCURS THE FIRST WEEKEND OF NOVEMBER AND RUNS FOR 3 DAYS. (CONTINUED ON SCH O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISUAL ARTS FESTIVAL: PROVIDES A HIGH QUALITY JURIED ART SHOW TO THE NORTHWEST FLORIDA AREA. MORE THAN 140,000 PEOPLE ATTENDED THE THREE DAY EVENT THAT SHOWCASED PROFESSIONAL ARTISTS FROM ALL OVER THE NATION. OVER 200 ARTISTS WERE INVITED TO EXHIBIT THEIR WORK. OUR HERITAGE ARTS SHOW SECTION INCLUDED ARTISTS DEMONSTRATING CRAFTS OF THE PAST. THERE WERE 40 ARTISTS INCLUDED IN THIS SECTION.
REVENUE INCLUDES COLLECTION FOR THE DONNA FASSETT SCHOLARSHIP.
OTHER PROGRAM SERVICES INCLUDE A PERFORMING ARTS STAGE THAT INVITES LOCAL AND REGIONAL DANCERS TO PERFORM. ADDITIONALLY, OUR STUDENT ART SHOW BROUGHT IN STUDENT ARTWORK FROM BOTH ELEMENTARY AND HIGH SCHOOL STUDENTS. OUR MUSICAL STAGE ALSO BROUGHT IN VARIOUS LOCAL AND OUT OF STATE PERFORMERS.
THE ARTS FESTIVAL ALSO INCLUDES A SEPARATE CHILDREN'S FESTIVAL WHERE CHILDREN CAN PARTICIPATE IN MANY DIFFERENT ARTISTIC AREAS INCLUDING AREAS FOR SPECIAL NEEDS CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Dunagan President | Officer | 15 | $0 |
Jay Gazani Vice President | Officer | 10 | $0 |
Candace Culver Treasurer | Officer | 10 | $0 |
Anna Dyess Secretary | Officer | 4 | $0 |
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 | $119,959 |
| Noncash contributions included in lines 1a–1f | $61,971 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,959 |
| Total Program Service Revenue | $120,376 |
| Investment income | $211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $58,678 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $39,325 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,365 |
| Office expenses | $689 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,090 |
| Travel | $980 |
| 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 | $1,298 |
| Insurance | $3,713 |
| All other expenses | $144,171 |
| Total functional expenses | $261,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,006 |
| Savings and temporary cash investments | $97,094 |
| 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 | $808 |
| Net Land, buildings, and equipment | $3,245 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $141,153 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $141,153 |
| Total liabilities and net assets/fund balances | $141,153 |