Sawdust Festival Corporation
- Assets
- $4.4m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 112
- Location
- Laguna Beach, CA
- Founding
- 03/1985
- Data as of
- 12/2021
- EIN
- 95-6219982
Organization Overview
Sawdust Festival Corporation is located in Laguna Beach, CA. The organization was established in 1985. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Sawdust Festival Corporation employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sawdust Festival Corporation 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, Sawdust Festival Corporation generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GENERAL PUBLIC THE OPPORTUNITY TO ENJOY AND APPRECIATE THE ART AND CULTURE PRODUCED IN THE COMMUNITIES THROUGH PUBLIC MEETINGS AND EXHIBITIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FESTIVAL PROVIDED PUBLIC ARTS AND CRAFTS EXHIBITIONS DURING THE SPRING, SUMMER AND WINTER. PUBLIC ATTENDANCE WAS APPROXIMATELY 183,000.
THE FESTIVAL PROVIDED ART KITS TO INDIVIDUALS.
THE FESTIVAL PROVIDED MEDICAL ASSISTANCE AND CATASTROPHIC RELIEF TO LAGUNA BEACH ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bullard General Manager | Officer | 45 | $47,116 |
Monica Prado Outgoing Pres | OfficerTrustee | 5 | $0 |
Rachel Goberman Incoming Pres | OfficerTrustee | 5 | $0 |
Trevor Lepenske Incoming VP | OfficerTrustee | 5 | $0 |
Jamie Bichler Outgoing VP | OfficerTrustee | 5 | $0 |
Patsee Ober Incoming Treas | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,305 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,796,328 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,416 |
| Noncash contributions included in lines 1a–1f | $1,280 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,861,049 |
| Total Program Service Revenue | $1,757,143 |
| Investment income | $10,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $68,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,226 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $431,010 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,213,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $33,901 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $47,116 |
| Compensation of current officers, directors, key employees. | $47,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $469,876 |
| Pension plan accruals and contributions | $5,060 |
| Other employee benefits | $45,208 |
| Payroll taxes | $53,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $395 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,075 |
| Advertising and promotion | $153,072 |
| Office expenses | $33,651 |
| Information technology | $6,018 |
| Royalties | $0 |
| Occupancy | $93,154 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,368 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,156 |
| Insurance | $59,580 |
| All other expenses | $33,220 |
| Total functional expenses | $1,437,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,392,921 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,000 |
| Accounts receivable, net | $3,505 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,081 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $668,274 |
| Investments—publicly traded securities | $328,707 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,383 |
| Total assets | $4,429,871 |
| Accounts payable and accrued expenses | $25,134 |
| Grants payable | $0 |
| Deferred revenue | $79,905 |
| 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 | $172,757 |
| Total liabilities | $277,796 |
| Net assets without donor restrictions | $3,435,402 |
| Net assets with donor restrictions | $716,673 |
| 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 | $4,429,871 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sawdust Festival Corporation has recieved totaling $10,005.
| Awarding Organization | Amount |
|---|---|
Schlinger Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Society For The Promotion Of Japanese Animation Santa Ana, CA | $0 | $15,922,386 |
Haven Gallery Pomona, CA | $12,441,851 | $10,866,207 |
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Maui Arts & Cultural Center Kahului, HI | $31,390,294 | $9,713,031 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |
Gray Area Foundation For The Arts San Francisco, CA | $1,951,369 | $4,455,887 |