Overview
What is Woollyworm Festival Of Banner Elk?
The Woollyworm Festival of Banner Elk is a nonprofit organization that plays a significant role in the community of Avery County, North Carolina. Primarily, they sponsor and promote the annual Woolly Worm festival, an event that aims to educate and uplift local residents. The organization derives its funds from this event and then channels them back into the community, providing essential support and educational resources to its citizens.
Is Woollyworm Festival Of Banner Elk legitimate?
Woollyworm Festival Of Banner Elk is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woollyworm Festival Of Banner Elk submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Woollyworm Festival Of Banner Elk?
The Woollyworm Festival Of Banner Elk, as an organization, supports and promotes the annual Woolly Worm festival. Their primary objective is to educate and aid the local community of Avery County. The earnings from the festival are utilized to offer assistance and educational resources to the residents of Avery County. The organization serves as a catalyst for community engagement and development through these initiatives.
What is the revenue of Woollyworm Festival Of Banner Elk?
Woollyworm Festival Of Banner Elk's revenue in 2023 was $191,401.
Who are the executives of Woollyworm Festival Of Banner Elk and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Woollyworm Festival Of Banner Elk?
Woollyworm Festival Of Banner Elk's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Woollyworm Festival Of Banner Elk
The Woollyworm Festival of Banner Elk, as a nonprofit organization, is dedicated to sponsoring and promoting the annual Woolly Worm festival. This event serves to educate and support the local community of Avery County. Notably, the profits generated from this festival are utilized to provide additional support and education to the residents of Avery County. By doing so, the Woollyworm Festival of Banner Elk plays a significant role in uplifting and empowering its community.
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Impact
October, 2024
The Woollyworm Festival in Banner Elk significantly impacts the local community by fostering education and support for the residents of Avery County. Through the proceeds generated from the festival, essential resources are directed towards various educational initiatives, enhancing the quality of life in the area. The festival not only serves as a recreational event, bringing together thousands of visitors each year, but also cultivates a sense of community pride and collaboration among local residents. By highlighting local culture and traditions, the Woollyworm Festival strengthens social bonds while contributing to the economic vitality of the region, ultimately benefiting the entire Avery County community.
This information is meant to be a general summary of Woollyworm Festival Of Banner Elk. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $84
- Gross Receipts: $194,888
Assets and Liabilities:
- Total Assets: $87,093
- Total Liabilities: $0
- Net Assets: $87,093
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Organization Details
NTEE Category
Code: N52 - Recreation
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