Festival Of Lights Inc
- Assets
- $75.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 02/1991
- Data as of
- 06/2024
- EIN
- 84-1125913
Organization Overview
Festival Of Lights Inc is located in Colorado Springs, CO. The organization was established in 1991. 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. Festival Of Lights 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 06/2024, Festival Of Lights Inc generated $123.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $109.0k during the year ending 06/2024. While expenses have increased by 15.0% per year over the past 4 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
2024
Describe the Organization's Program Activity:
Part 3
FESTIVAL OF LIGHTS PARADE HELD IN TRADITIONAL FASHION ON TEJON ST. IN COLORADO SPRINGS ON DECEMBER 9, 2023. AWARDS WERE PRESENTED TO LOCAL HIGH SCHOOL BANDS. APPROXIMATELY 49,000 INDIVIDUALS IN ATTENDANCE. APPROXIMATELY 135 PARADE ENTRIES WERE INCLUDED WITH APPROXIMATELY 3,500 INDIVIDUALS MARCHING IN THE PARADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Wilson Band Chair | 1 | $0 | |
Joel Currey Chair | 1 | $0 | |
Kevin Leonardo Executive Director | 3 | $25,000 | |
Karole Campbell Fundraiser | 3 | $13,460 | |
Abraigail Kappel Secretary | 1 | $0 | |
Mindy Anderson Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,437 |
| Total Program Service Revenue | $23,660 |
| Membership dues | $0 |
| Investment income | $268 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $123,365 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,000 |
| Professional fees and other payments to independent contractors | $15,144 |
| Occupancy, rent, utilities, and maintenance | $62,482 |
| Printing, publications, postage, and shipping | $420 |
| Other expenses | $1,893 |
| Total expenses | $109,014 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,752 |
| Other assets | $0 |
| Total assets | $75,752 |
| Total liabilities | $0 |
| Net assets or fund balances | $75,752 |