North Carolina Black Bear Festival Inc
- Assets
- $39.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, NC
- Founding
- 05/2019
- Data as of
- 09/2023
- EIN
- 82-3528585
Organization Overview
North Carolina Black Bear Festival Inc is located in Plymouth, NC. The organization was established in 2019. 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. North Carolina Black Bear 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 09/2023, North Carolina Black Bear Festival Inc generated $185.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $181.6k during the year ending 09/2023. While expenses have increased by 9.9% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PRESENTATION OF THE NORTH CAROLINA BLACK BEAR FESTIVAL WAS HELD AS A LIVE EVENT IN JUNE 2023. 35,000 PEOPLE REPRESENTING 15 STATES AND 2 DIFFERENT COUNTRIES ATTENDED THE FESTIVAL. THE FESTIVAL'S DIRECTOR WAS ONCE AGAIN RECOGNIZED AS DIRECTOR OF THE YEAR FOR 2022 BY THE NC ASSOCIATION OF FESTIVALS AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Harrison President | 0 | $0 | |
Mark Cagle Vice-President | 0 | $0 | |
Sharon Beasley Secretary | 0 | $0 | |
Debra Lyle Nixon Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,525 |
| Total Program Service Revenue | $49,417 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$1,496 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $185,446 |
| 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 | $1,116 |
| Occupancy, rent, utilities, and maintenance | $5,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $175,527 |
| Total expenses | $181,643 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,755 |
| Other assets | $0 |
| Total assets | $39,090 |
| Total liabilities | $0 |
| Net assets or fund balances | $39,090 |