Fairhope Arts & Crafts Festival Foundation
- Assets
- $210.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairhope, AL
- Founding
- 03/2017
- Data as of
- 06/2022
- EIN
- 81-2732497
Organization Overview
Fairhope Arts & Crafts Festival Foundation is located in Fairhope, AL. The organization was established in 2017. 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. Fairhope Arts & Crafts 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 06/2022, Fairhope Arts & Crafts Festival Foundation generated $174.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.3% each year . All expenses for the organization totaled $87.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ENGAGING IN CHARITABLE AND EDUCATIONAL ACTIVITIES IN FAIRHOPE, ALABAMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Teumer Secretary/tr | 2 | $0 | |
Dianne Herzog Director | 1 | $0 | |
Debbie Floyd President | 2 | $0 | |
Richard Lewis Director | 1 | $0 | |
Laura English Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,211 |
| Total Program Service Revenue | $136,608 |
| Membership dues | $0 |
| Investment income | $1,279 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $174,098 |
| 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 | $2,149 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $8,786 |
| Other expenses | $66,852 |
| Total expenses | $87,287 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $210,910 |
| Other assets | $0 |
| Total assets | $210,910 |
| Total liabilities | $0 |
| Net assets or fund balances | $210,910 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fairhope Arts & Crafts Festival Foundation has recieved totaling $10.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
Irma And Norman Braman Art Foundation Miami, FL | $27,200,000 | -$200,000 |
Korean Martial Arts Culture & Education Foundation Inc Hollywood, FL | $530,186 | $4,469,417 |
Cafe 1040 Inc Alpharetta, GA | $1,445,364 | $4,184,740 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
Safe States Alliance Atlanta, GA | $855,123 | $2,462,301 |
Miami Broward One Carnival Host Committee Inc Miami, FL | $499,382 | $2,415,530 |
Artsnow Inc Atlanta, GA | $4,742,407 | $2,526,341 |
Dunedin Fine Arts Cultural Center Inc Dunedin, FL | $9,442,187 | $2,311,828 |
Ocean Reef Cultural Center Inc Key Largo, FL | $38,541,149 | $2,233,554 |