Chilifest Inc
- Assets
- $64.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- College Station, TX
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 74-2947869
Organization Overview
Chilifest Inc is located in College Station, TX. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chilifest 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, Chilifest Inc generated $96.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.8%) each year. All expenses for the organization totaled $181.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Chilifest Inc has awarded 51 individual grants totaling $610,900. 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE CHARITABLE DONATIONS TO MANY LOCAL NON-PROFIT ORGANIZATIONS WHO PROVIDE SUPPORT FOR STUDENTS AND OTHER INDIVIDUALS AND CAUSES IN THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew King President | 10 | $0 | |
Isaac Gamez VP Of Operation | 10 | $0 | |
Trace Ruffeno Assistant VP | 10 | $0 | |
Kennan Houchins Assistant VP | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,603 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $96,603 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,900 |
| Occupancy, rent, utilities, and maintenance | $3,155 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $174,222 |
| Total expenses | $181,277 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,055 |
| Other assets | $0 |
| Total assets | $64,055 |
| Total liabilities | $90,000 |
| Net assets or fund balances | -$25,945 |
Grants Awarded
Over the last fiscal year, Chilifest Inc has awarded $93,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $15,000 |
BURLESON COUNTY GO TEXAN PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR SCHOLARSHIPS | $25,000 |
COACH BLAIR CHARITIES PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $10,000 |
SNOOK AG BOOSTERS PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $6,000 |
BIG BROTHERS BIG SISTERS PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $7,000 |
BURLESON COUNTY FIRST REPONDERS PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $8,000 |