Anacortes Arts Festival
- Assets
- $591.6k
- Revenue
- $659.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Anacortes, WA
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 91-1493326
Organization Overview
Anacortes Arts Festival is located in Anacortes, WA. The organization was established in 2003. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Anacortes Arts Festival employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anacortes Arts Festival 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 12/2022, Anacortes Arts Festival generated $659.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $520.5k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ANACORTES ARTS FESTIVAL OCCURS ANNUALLY FOR THE LAST 58 YEARS, ON THE FIRST WEEKEND IN AUGUST. MORE THAN 100,000 VISITORS COME FOR A THREE DAY FESTIVAL THAT INCLUDES 265 BOOTH ARTISTS, THREE STAGES OF MUSIC, A FINE ART SHOW, YOUTH ACTIVITIES AND MORE. THE FESTIVAL IS 100 SELF-FUNDED THROUGH BOOTH ARTIST FEES, ART SALES AND SPONSORSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OTHER
THE ANACORTES ARTS FESTIVAL OCCURS ANNUALLY FOR THE LAST 62 YEARS, ON THE FIRST WEEKEND IN AUGUST. MORE THAN 100,000 VISITORS COME FOR A THREE DAY FESTIVAL THAT INCLUDES 265 BOOTH ARTISTS, THREE STAGES OF MUSIC, A FINE ART SHOW, YOUTH ACTIVITIES AND MORE. THE FESTIVAL IS 100 SELF-FUNDED THROUGH BOOTH ARTIST FEES, ART SALES AND SPONSORSHIPS.
THE ANACORTES ARTS FESTIVAL HOSTS A SERIES OF SPRING EVENTS THAT ARE A FUNDRAISER FOR ART IN ANACORTES SCHOOLS. EVERY YEAR, THERE ARE DIFFERENT EVENTS THAT HAVE INCLUDED CONCERTS, MINI-FESTIVALS, ART SHOWS AND A COLOR RUN. THROUGH THIS SERIES OF EVENTS, THE FESTIVAL FUNDS THINGS SUCH AS LOCAL ARTISTS IN SCHOOLS, FIELD TRIPS TO THE THEARTRE, MUSICAL PERFORMANCES IN SCHOOLS AND ART SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Mcilmoyle Executive Dir. | Officer | 42 | $69,959 |
Julie Lindsey Director | Trustee | 1.5 | $0 |
Mark Lione President | OfficerTrustee | 2 | $0 |
Mary Staley Secretary | OfficerTrustee | 4.5 | $0 |
Steve Klein Director | Trustee | 1.5 | $0 |
Jim Macdonald Treasurer | Trustee | 1.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,964 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,299 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,133 |
| Noncash contributions included in lines 1a–1f | $18,211 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,396 |
| Total Program Service Revenue | $409,025 |
| Investment income | $1,747 |
| 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 | $7,731 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $659,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $69,959 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,147 |
| Fees for services: Accounting | $2,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $944 |
| Fees for services: Other | $30 |
| Advertising and promotion | $20,287 |
| Office expenses | $26,644 |
| Information technology | $5,580 |
| Royalties | $0 |
| Occupancy | $12,417 |
| Travel | $1,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,796 |
| Insurance | $6,058 |
| All other expenses | $71,552 |
| Total functional expenses | $520,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,488 |
| 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 | $12,993 |
| Net Land, buildings, and equipment | $198,322 |
| Investments—publicly traded securities | $83,846 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $591,649 |
| Accounts payable and accrued expenses | $55 |
| 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 | $5,483 |
| Total liabilities | $5,538 |
| Net assets without donor restrictions | $586,111 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $591,649 |
Grants Awarded
Over the last fiscal year, Anacortes Arts Festival has awarded $15,180 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ANACORTES BOYS & GIRLS CLUB | | | $6,000 |
ANACORTES FAMILY CENTER | | | $9,180 |