Historic Morganton Festival Inc

Historic Morganton Festival In

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581371611 ✦ Morganton, NC ✦ Designated as a 501(c)(4)

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Overview

What is Historic Morganton Festival Inc?

Historic Morganton Festival Inc is a nonprofit organization located in Morganton, North Carolina. Their primary mission is to benefit and develop their local community. They achieve this through organizing a two-day downtown festival, featuring various events with an overall expense of $208,466. The festival includes approximately 13 events on Friday night, along with seasonal farmers markets, with associated expenses of $15,756. The organization's activities aim to enhance the city of Morganton, contributing positively to its growth and development.

Is Historic Morganton Festival Inc legitimate?

Historic Morganton Festival Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Historic Morganton Festival Inc submitted a form 990, 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

For more financial information, click here

What is the mission statement of Historic Morganton Festival Inc?

Historic Morganton Festival Inc's mission is centered around benefiting and developing the community of Morganton. This is achieved through the organization's primary activity, which is a two-day downtown festival. The festival features various events, including approximately 13 events on Friday night and seasonal farmers markets. The collective expenses for these events amount to $208,466 for the festival and $15,756 for the farmers markets, indicating a significant investment in community events and engagement.

Who is the CEO of Historic Morganton Festival Inc?

Judy Willis is the President of Historic Morganton Festival Inc.

What is the revenue of Historic Morganton Festival Inc?

Historic Morganton Festival Inc's revenue in 2021 was $98,436.

Who are the executives of Historic Morganton Festival Inc and what are their salaries?


Here are 13 key members and their salaries:


Steve Gregory (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fons Giles (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddie Mcgimsey (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Phillips (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Reihl (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tamera Suther (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Black (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Peeler (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Willis (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Jablonski (Program Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Willard (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dianne Reihl (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marla Black (2Nd Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Historic Morganton Festival Inc?

Historic Morganton Festival Inc's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Historic Morganton Festival Inc

Historic Morganton Festival Inc is dedicated to enhancing and uplifting the community of Morganton. This nonprofit organization achieves its mission through the organization of a two-day downtown festival and various other events. The main event, which takes place over two days, includes a series of approximately 13 Friday night activities, each with its own associated expenses totaling $49,564. Additionally, the organization hosts a series of seasonal farmers markets, with expenses amounting to $15,756. By hosting these events, Historic Morganton Festival Inc contributes to the overall development and benefit of the community of Morganton.

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Impact




October, 2024

The Historic Morganton Festival Inc significantly enhances the city of Morganton by fostering community development and engagement through a range of vibrant events. Each year, the festival attracts visitors and residents alike, creating a sense of camaraderie and pride within the community.

The centerpiece is a two-day downtown festival that showcases various activities and entertainment, with total expenses around $208,466. This large-scale event not only entertains but also stimulates local businesses and boosts the local economy. Additionally, the series of approximately 13 Friday night events, costing about $49,564, further enriches the social fabric of Morganton by offering engaging activities that bring people together on a regular basis.

Moreover, the seasonal farmers markets, which involve expenses totaling $15,756, promote local agriculture and provide a platform for local farmers and artisans to connect with the community. This not only supports local businesses but also encourages sustainable practices and healthier eating among residents.

Overall, the Historic Morganton Festival Inc plays a crucial role in benefiting and developing the Morganton community, fostering connections, supporting local economies, and enhancing the quality of life for its residents.




This information is meant to be a general summary of Historic Morganton Festival Inc. 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.

Revenue
$98,436 (2021)
Expenses
$85,376 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $86,575
  • Gross Receipts: $98,436

Assets and Liabilities:

  • Total Assets: $77,707
  • Total Liabilities: $2,000
  • Net Assets: $75,707

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SPONSORSHIPS

Revenue

$49,542

VENDOR AND ADMISSIONS

Revenue

$18,145

MERCHANDISE SALES

Revenue

$18,888

Organization Details

Founding Year

1981

Principal Officer

Judy Willis

Main Address

PO BOX 1472, MORGANTON, NC, 28680

NTEE Category

Code: S20 - Community improvement

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