Pompano Beach Seafood Festival Corporation
- Assets
- $50.9k
- Revenue
- $428.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lighthouse Point, FL
- Founding
- 03/1994
- Data as of
- 09/2023
- EIN
- 65-0398663
Organization Overview
Pompano Beach Seafood Festival Corporation is located in Lighthouse Point, FL. The organization was established in 1994. 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. Pompano Beach Seafood Festival Corporation 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 09/2023, Pompano Beach Seafood Festival Corporation generated $428.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $430.0k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Pompano Beach Seafood Festival Corporation has awarded 11 individual grants totaling $122,828. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND DISTRIBUTE FUNDS FOR THE PROMOTION OF THE SOCIAL WELFARE OF POMPANO BEACH, FLORIDA COMMUNITY AND TO PROVIDE FUNDS TO OTHER ORGANIZATIONS TO BE USED IN CARRYING OUT SUCH PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FINANCIAL SUPPORT OF THE POMPANO BEACH SEAFOOD CORPORATION IS DERIVED FROM THE NET PROCEEDS OF THE SALE OF FOOD, BEVERAGES AND BOOTH SPACE AT ITS ANNUAL SEAFOOD FESTIVAL HELD THIS FISCAL YEAR ON APRIL 21, 22, & 23, 2023. PARTICIPANTS IN THE EVENT INCLUDE VARIOUS CHARITABLE, BUSINESS AND COMMUNITY GROUPS. SUBSTANTIALLY ALL OF THE NET PROCEEDS OF THE EVENT ARE DISTRIBUTED TO THE VARIOUS CHARITABLE, CIVIC AND NON-PROFIT ORGANIZATIONS LOCATED WITHIN SOUTH FLORIDA AS DESIGNATED BY THE BOARD OF TRUSTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Mellgren President | OfficerTrustee | 0 | $0 |
George M Dana Treasurer | OfficerTrustee | 0 | $0 |
Tom Waldo Director | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $428,198 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $428,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,310 |
| 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. | $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 | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,830 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,700 |
| 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 | $0 |
| Insurance | $38,131 |
| All other expenses | $89,988 |
| Total functional expenses | $430,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,563 |
| 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 | $366 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,929 |
| 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 | $50,929 |
| Total liabilities and net assets/fund balances | $50,929 |
Grants Awarded
Over the last fiscal year, Pompano Beach Seafood Festival Corporation has awarded $122,828 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS | | | $9,212 |
ELY HIGH SCHOOL | | | $9,212 |
KIWANIS CLUB OF POMPANO BEACH | | | $9,212 |
KIWANIS CLUB WEST SIDE | | | $9,212 |
POMPANO BEACH CHAMBER OF COMM | | | $30,708 |
POMPANO BEACH HIGH SCHOOL | | | $9,212 |