Mt Vernon Festivals Inc in Mount Vernon, Illinois (IL)
Table of contents:
| Mt Vernon Festivals Inc | |
| Employer Identification Number (EIN) | 455380442 |
| Name of Organization | Mt Vernon Festivals Inc |
| In Care of Name | Bonnie Jerdon |
| Address | 200 Potomac Blvd, Mount Vernon, IL 62864-6750 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2014 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $12,851 |
| Amount of Income | $76,977 |
| Form 990 Revenue Amount | $26,245 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: |
Non-representatives - add comments:
Amount of income in 2013: $76,977
| Mt Vernon Festivals Inc: | $76,977 |
| Other organizations performing similar types of work: | $63,353 |
Assets in 2013: $12,851
| This organization: | $12,851 |
| Other organizations performing similar types of work: | $21,264 |
Expenses in 2013: $15,030
| Mt Vernon Festivals Inc: | $15,030 |
| Other organizations performing similar types of work: | $38,878 |
Income to expenses ratio in 2013: 5.1
| Mt Vernon Festivals Inc: | 5.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 200.9%
| Mt Vernon Festivals Inc: | 200.9% |
| Other organizations performing similar types of work: | 21.4% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $26,245 |
| Contributions, gifts, grants, and similar amounts received | $52,717 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $-26,472 |
| Gross income from gaming | $0 |
| Gross income from fundraising events | $24,260 |
| Less: direct expenses from gaming and fundraising events | $50,732 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $15,030 |
| Total net assets | $12,851 |
| Excess/Deficit for the year | $11,215 |
| Net assets or fund balances at beginning of year | $1,636 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $12,851 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $12,851 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,851 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $102,518 |
| Subtotal Support | $102,518 |
| Gifts, grants, contributions, and membership fees received | $102,518 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $102,518 |
| Public Support | $102,518 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Antelope Valley Fair Association | 2551 W Avenue H Suite 102, Lancaster, CA 93536-8117 | CA | 2012-01 | $5,776,852 |
| 2 | Maui Fair Alliance | PO BOX 485, Kahului, HI 96733-6985 | HI | 2012-05 | $705,572 |
| 3 | Notes For Notes Incorporated | Po Box 90632, Santa Barbara, CA 93190 | CA | 2008-10 | $511,454 |
| 4 | Ps Resorts, Palm Springs Resorts | 190 W Amado Rd, Palm Springs, CA 92262-5519 | CA | 2013-10 | $413,210 |
| 5 | Foundation For Arts And Cultural Connections Inc | 1128 Glen View Rd, Birmingham, AL 35222-4315 | AL | 2014-05 | $299,548 |
| 6 | Belle Plaine Festivals And Events | 204 N Meridian St, Belle Plaine, MN 56011-1828 | MN | 2013-05 | $269,269 |
| 7 | Sacramento Hmong New Year Inc | PO BOX 232118, Sacramento, CA 95823-0418 | CA | 2010-08 | $242,813 |
| 8 | Thunder Over The Blue Ridge Inc | 218 West King Street, Martinsburg, WV 25401 | WV | 2012-03 | $163,304 |
| 9 | Trf Association Inc | PO BOX 147, Winnie, TX 77665-0147 | TX | 2010-04 | $162,100 |
| 10 | Carolina Designer Craftsmen Inc | 5305 Springfield Dr, Raleigh, NC 27609-4654 | NC | 2009-12 | $135,490 |
| 11 | Bogalusa Blues And Heritage Festival | 116 Georgia Ave, Bogalusa, LA 70427-3822 | LA | 2012-08 | $117,355 |
| 12 | Keepataw Days Festival Inc | 805 State Street C/O Lehman Assoc, Lemont, IL 60439-4691 | IL | 2010-11 | $97,511 |
| 13 | Morgan County Sorghum Festival Inc | PO BOX 214, West Liberty, KY 41472-0214 | KY | 2010-04 | $93,351 |
| 14 | Peachtree Corners Festival Inc | 6525 The Corners Pkwy Ste 110, Norcross, GA 30092-3349 | GA | 2013-08 | $81,971 |
| 15 | Mt Vernon Festivals Inc | 200 Potomac Blvd, Mount Vernon, IL 62864-6750 | IL | 2014-08 | $76,977 |
| 16 | Gretna Days Foundation | PO BOX 443, Gretna, NE 68028-0443 | NE | 2013-09 | $68,021 |
| 17 | Texas Hill Country Wine & Brew Fest | 2801 Comanche Trace Dr, Kerrville, TX 78028-8057 | TX | 2013-06 | $63,353 |
| 18 | A Celebration Of Friends Inc | 3850 Oaks Clubhouse Drive Unit 408, Pompano Beach, FL 33069-4225 | FL | 2011-02 | $60,679 |
| 19 | Arlington Heights Community Dance Band Incorporated, The Falconaires | 192d Country Club Drive, Prospect Heights, IL 60070-2833 | IL | 2009-04 | $0 |
| 20 | Mt Pulaski Community Pride Inc | Po Box 32, Mount Pulaski, IL 62548 | IL | 2012-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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