Civic Intelligence

Kutztown Pennsylvania German Festival Inc

990 • Fiscal year 2020 • EIN 23-2801648

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 01, 2021

15195 Kutztown RdKutztown, PA 19530

(610) 683-1513

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

100th percentile

18.95x

Higher debt load relative to assets than 100% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

23.21x

Higher debt load relative to revenue than 100% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Net Margin

2nd percentile

-760%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Top Officer Pay

99th percentile

$184,117

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 520.9% of source-year revenue.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Asset Growth

76th percentile

18%

Faster asset growth than 76% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

3rd percentile

-96%

Faster revenue growth than 3% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$43,281

Up $6,582 (+18%) from 2019

Net Assets

Down

-$777,085

Down $268,563 (-53%) from 2019

Liabilities

Up

$820,366

Up $275,145 (+50%) from 2019

Revenue

Down

$35,345

Down $865,430 (-96%) from 2019

Expenses

Down

$303,908

Down $659,860 (-68%) from 2019

Net Income

Down

-$268,563

Down $205,570 (-326%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $145,849Liabilities 2011: $322,494Net Assets 2011: -$176,6452011Assets 2012: $140,525Liabilities 2012: $413,899Net Assets 2012: -$273,3742012Assets 2013: $120,749Liabilities 2013: $524,760Net Assets 2013: -$404,0112013Assets 2014: $80,911Liabilities 2014: $553,745Net Assets 2014: -$472,8342014Assets 2015: $79,091Liabilities 2015: $525,202Net Assets 2015: -$446,1112015Assets 2016: $59,185Liabilities 2016: $435,401Net Assets 2016: -$376,2162016Assets 2017: $44,268Liabilities 2017: $357,423Net Assets 2017: -$313,1552017Assets 2018: $45,202Liabilities 2018: $490,731Net Assets 2018: -$445,5292018Assets 2019: $36,699Liabilities 2019: $545,221Net Assets 2019: -$508,5222019Assets 2020: $43,281Liabilities 2020: $820,366Net Assets 2020: -$777,0852020Assets 2021: $51,930Liabilities 2021: $1,001,620Net Assets 2021: -$949,6902021Assets 2022: $59,775Liabilities 2022: $1,052,690Net Assets 2022: -$992,9152022Assets 2023: $322,295Liabilities 2023: $1,643,222Net Assets 2023: -$1,320,9272023Assets 2024: $276,133Liabilities 2024: $1,842,012Net Assets 2024: -$1,565,8792024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2020

Assets$43,281
Liabilities$820,366
Net Assets-$777,085

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,105,524Expenses 2011: $998,052Net Income 2011: $107,4722011Expenses 2012: $962,6792012Expenses 2013: $1,022,8262013Revenue 2014: $880,141Expenses 2014: $948,964Net Income 2014: -$68,8232014Revenue 2015: $924,268Expenses 2015: $897,545Net Income 2015: $26,7232015Revenue 2016: $982,114Expenses 2016: $912,219Net Income 2016: $69,8952016Revenue 2017: $969,932Expenses 2017: $906,871Net Income 2017: $63,0612017Revenue 2018: $765,519Expenses 2018: $897,893Net Income 2018: -$132,3742018Revenue 2019: $900,775Expenses 2019: $963,768Net Income 2019: -$62,9932019Revenue 2020: $35,345Expenses 2020: $303,908Net Income 2020: -$268,5632020Revenue 2021: $29,461Expenses 2021: $202,066Net Income 2021: -$172,6052021Revenue 2022: $933,278Expenses 2022: $976,503Net Income 2022: -$43,2252022Revenue 2023: $785,417Expenses 2023: $1,113,429Net Income 2023: -$328,0122023Revenue 2024: $769,883Expenses 2024: $1,014,835Net Income 2024: -$244,9522024Revenue 2025: $1,657,630Expenses 2025: $91,751Net Income 2025: $1,565,8792025

Highlighted filing

2020

Revenue$35,345
Expenses$303,908
Net Income-$268,563
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 1, 2021
Return Version
2019v5.2
Gross Receipts
$43,177
Mission and Program Overview

Mission

The kutztown festival is no longer active.

The kutztown festival is in a unique position to help nurture and sustain the shrinking pa dutch culture of the eastern pennsylvania region. The area, and indeed the festival, is internationally known for its pa dutch culture with the partnering of the festival, pennsylvania cultural heritage center at kutztown university and other organizations, kutztown has become one of the most important geographical centers in the country for pa dutch interests of any sort. The festival is essential to the success of this cultural life, as its national exposures will keep the outside world constantly aware of kutztown the cultural identity of the area, so unique in today's society, is essential to the success of the festival the partnership between cultural identity and the festival is needed for either to survive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,411$16,260▲ $14,849
Land, Buildings, and Equipment, Net$19,684$15,293▼ $4,391
Inventories for Sale or Use$8,926$8,827▼ $99
Accounts Receivable$1,094$1,911▲ $817
Prepaid Expenses and Deferred Charges$2,178$990▼ $1,188
Total Assets$36,699$43,281▲ $6,582
Other Assets Total$3,406$0▼ $3,406
Liabilities
Other Liabilities$482,496$537,643▲ $55,147
Accounts Payable and Accrued Expenses$49,135$256,438▲ $207,303
Deferred Revenue$13,590$26,285▲ $12,695
Total Liabilities$545,221$820,366▲ $275,145
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-508,522$-777,085▼ $268,563
Total Net Assets Fund Balance$-508,522$-777,085▼ $268,563
Total Liabilities and Net Assets / Fund Balance$36,699$43,281▲ $6,582

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,676$207,211$210,887
Buildings$9,712$190,839$200,551
Leasehold Improvements$102$57,329$57,431
Other Land Buildings$1,803$13,283$15,086
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen SharadinDirectorFT$86,000$36,761$122,761

Board Members and Trustees

NameTitle
Diane PiscitelliChairman
Donald SechlerDirector
Richard DryDirector
Alex OgekaCEO
Edward T RichmondVP, Secretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$23,460
Investment Income
$0
Other Revenue
$11,885
Change in Net Assets
$-268,563

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,345
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$20,474
Total Revenue per Audited Statements
$55,819
Total Revenue per Form 990
$35,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$209,194
Other Expenses$94,714
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$132,854$27,956-$160,810
Advertising$28,748--$28,748
Interest-$23,254-$23,254
Other Employee Benefits$13,835$6,457-$20,292
Other Salaries and Wages$16,981$2,567-$19,548
Fees for Services Other-$14,678-$14,678
Insurance$8,677--$8,677
Payroll Taxes$8,333$211-$8,544
Depreciation Depletion$6,281--$6,281
Occupancy$3,801--$3,801
Office Expenses$2,830$538-$3,368
Information Technology-$2,185-$2,185
Travel-$343-$343
Other Expenses$250$1,842-$250
All Other Expenses-$218-$218
Total Functional Expenses$223,659$80,249$0$303,908

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$324,384
Expenses per Audited Statements$303,908
Total Expenses per Form 990$303,908
Expenses Not Reported on Form 990$20,476
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Direct Expenses$5,510
Gaming Gross Income$826
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable to Related Party$504,965
Related Party Payable$31,848
Tax Liability$480
Quilt Liability$200
Shipping Liability$150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Members will have the right to vote at the annual meeting or special meetings of the organization, which is when new officers are elected.

Form 990, Part VI, Section B, Line 11B

The draft 990 is reviewed in detail by the executive director and the board of directors. Upon satisfactory review, the board approves the filing of the 990 with the irs.

Form 990, Part VI, Section B, Line 12C

Each year the officers and directors complete the conflict of interest disclosure form. Forms are reviewed by management and addressed by the board when necessary.

Form 990, Part VI, Section B, Line 15

The objective of kpgf's executive compensation policy is to provide reasonable and competitive compensation for the position of executive director, as well as other key staff positions. Execuitve compensation is established using appropriate market surveys of comparable organizations and for funcationally equivalent positions, it considers total compensation and individual performance and agency performance. Compensation is established to ensure that kpgf is competitive in the market for talent while keeping costs in an affordable range. The compensation equivalent used for these positions is the international festival and esvents, inc compensation guidelines for the east coast, usa. Using comparable events and responsibilities for the executive director, a 5 year contractual agreement is used to cover compensation, as well as duties and responsibilites. The executive director is evaluated annually by an excutive committee review committee. The committee meets with the executive director and independently of the executive director with the purpose of discussing his/her performance relative to the job description, status of yearly goals and the assessment of strategic objectives. The executive review committee establishes a recommendation for bonus compensation in the context of the annual evaluation, annual benchmarks, and the budget for the coming year. The executive review committee's recommendation is taken to the full board of directors for approval. The board president meets with the executive director to discuss and document the evaluation goals, strategic objectives, and bonus compensation for the coming year.

Form 990, Part VI, Section C, Line 18

The festivals's irs form 990 is available upon request of the executive director during normal business hours.

Form 990, Part VI, Section C, Line 19

The festivals governing documents, conflict of interest policy and financial statements are available upon request of the executive director

Filing and Contact Details

Filer

Filer Name
Kutztown Pennsylvania German
EIN
23-2801648
Phone
6106831513
Address
15195 KUTZTOWN RD, KUTZTOWN, PA 19530

Signing Officer

Name
Edward T Richmond
Title
VP, Treas, Secretary
Phone
6106831513
Signed
2021-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward T Richmond
Formed
1986
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
2
Employees
94
Volunteers
30

Preparer

Firm
Rkl Llp
Address
1330 BROADCASTING ROAD PO BOX 7008, WYOMISSING, PA 19610-6008
Preparer
Stephanie E Kane CPA
Phone
6103761595
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Process has not changed from prior year

Financial Statement Notes

PART X, LINE 2:

The festival is exempt from federal income tax under section 501(c)(4) of the internal revenue code. As a not-for-profit organization, the festival is generally exempt from federal and state income taxes. The festival is subject to federal and state income taxes on unrelated business income. The festival recognizes penalties and interest accrued related to income tax liabilities in the provision (benefit) for income taxes in its statement of activities. For the years ended september 30, 2020 and 2019, there were no accruals for the payment of penalties and interest. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying statement of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The festival files tax returns in the u. S. Federal jurisdiction. The festival's income tax returns are not subject to examination through the year ended september 30, 2015.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

GAMING EXPENSES 5,505.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Gaming expenses 5,505. Rounding 2.

Raw XML AppendixShowing 400 of 506 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE KUTZTOWN FESTIVAL IS IN A UNIQUE POSITION TO HELP NURTURE AND SUSTAIN THE SHRINKING PA DUTCH CULTURE OF THE EASTERN PENNSYLVANIA REGION. THE AREA, AND INDEED THE FESTIVAL, IS INTERNATIONALLY KNOWN FOR ITS PA DUTCH CULTURE WITH THE PARTNERING OF THE FESTIVAL, PENNSYLVANIA CULTURAL HERITAGE CENTER AT KUTZTOWN UNIVERSITY AND OTHER ORGANIZATIONS, KUTZTOWN HAS BECOME ONE OF THE MOST IMPORTANT GEOGRAPHICAL CENTERS IN THE COUNTRY FOR PA DUTCH INTERESTS OF ANY SORT. THE FESTIVAL IS ESSENTIAL TO THE SUCCESS OF THIS CULTURAL LIFE, AS ITS NATIONAL EXPOSURES WILL KEEP THE OUTSIDE WORLD CONSTANTLY AWARE OF KUTZTOWN THE CULTURAL IDENTITY OF THE AREA, SO UNIQUE IN TODAY'S SOCIETY, IS ESSENTIAL TO THE SUCCESS OF THE FESTIVAL THE PARTNERSHIP BETWEEN CULTURAL IDENTITY AND THE FESTIVAL IS NEEDED FOR EITHER TO SURVIVE.
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IRS990/MissionDesc0THE KUTZTOWN FESTIVAL IS IN A UNIQUE POSITION TO HELP NUTURE AND SUSTAIN THE SHRINKING PA DUTCH CULTURE OF THE EASTERN PENNSYLVANIA REGION. THE AREA, AND INDEED THE FESTIVAL, IS INTERNATIONALLY KNOWN FOR ITS PA DUTCH CULTURE WITH THE PARTNERING OF THE FESTIVAL, PENNSYLVANIA CULTURAL HERITAGE CENTER AT KUTZTOWN UNIVERSITY AND OTHER ORGANIZATIONS, KUTZTOWN HAS BECOME ONE OF THE MOST IMPORTANT GEOGRAPHICAL CENTERS IN THE COUNTRY FOR PA DUTCH INTERESTS OF ANY SORT. THE FESTIVAL IS ESSENTIAL TO THE SUCCESS OF THIS CULTURAL LIFE, AS ITS NATIONAL EXPOSURES WILL KEEP THE OUTSIDE WORLD CONSTANTLY AWARE OF KUTZTOWN THE CULTURAL IDENTITY OF THE AREA, SO UNIQUE IN TODAY'S SOCIETY, IS ESSENTIAL TO THE SUCCESS OF THE FESTIVAL THE PARTNERSHIP BETWEEN CULTURAL IDENTITY AND THE FESTIVAL IS NEEDED FOR EITHER TO SURVIVE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-508522
IRS990/NetAssetsOrFundBalancesEOYAmt0-777085
IRS990/NetIncomeFromGamingGrp/ExclusionAmt0-4684
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt0-4684
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt04012
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt04012
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-508522
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-777085
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt03801
IRS990/OccupancyGrp/TotalAmt03801
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0538
IRS990/OfficeExpensesGrp/ProgramServicesAmt02830
IRS990/OfficeExpensesGrp/TotalAmt03368
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03406
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06457
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013835
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020292
IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/Desc1AMUSEMENT TAX
IRS990/OtherExpensesGrp/Desc2CRAFTMEN RELATIONS
IRS990/OtherExpensesGrp/Desc3ENTERTAINMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01842
IRS990/OtherExpensesGrp/ProgramServicesAmt0648
IRS990/OtherExpensesGrp/ProgramServicesAmt1421
IRS990/OtherExpensesGrp/ProgramServicesAmt2250
IRS990/OtherExpensesGrp/TotalAmt01842
IRS990/OtherExpensesGrp/TotalAmt1648
IRS990/OtherExpensesGrp/TotalAmt2421
IRS990/OtherExpensesGrp/TotalAmt3250
IRS990/OtherLiabilitiesGrp/BOYAmt0482496
IRS990/OtherLiabilitiesGrp/EOYAmt0537643
IRS990/OtherRevenueMiscGrp/BusinessCd0711300
IRS990/OtherRevenueMiscGrp/BusinessCd1711300
IRS990/OtherRevenueMiscGrp/Desc0ADVERTISING REVENUE
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010888
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11669
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010888
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11669
IRS990/OtherRevenueTotalAmt012557
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02567
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt016981
IRS990/OtherSalariesAndWagesGrp/TotalAmt019548
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0211
IRS990/PayrollTaxesGrp/ProgramServicesAmt08333
IRS990/PayrollTaxesGrp/TotalAmt08544
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02178
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0990
IRS990/PrincipalOfficerNm0EDWARD T RICHMOND
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/Desc0QUILTS
IRS990/ProgramServiceRevenueGrp/Desc1COMMISSIONS - FOOD & G
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023418
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt142
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023418
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0678109
IRS990/PYOtherRevenueAmt077373
IRS990/PYProgramServiceRevenueAmt0823402
IRS990/PYRevenuesLessExpensesAmt0-62993
IRS990/PYSalariesCompEmpBnftPaidAmt0285659
IRS990/PYTotalExpensesAmt0963768
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0900775
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-268563
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt040029
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt09712
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0190839
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0200551
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt014969
IRS990ScheduleD/DonatedServicesUseFcltsAmt014969
IRS990ScheduleD/EquipmentGrp/BookValueAmt03676
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0207211
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0210887
IRS990ScheduleD/ExpensesNotReportedAmt020476
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0303908
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0102
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt057329
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt057431
IRS990ScheduleD/OtherExpensesIncludedAmt05507
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01803
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013283
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015086
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031848
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1504965
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RELATED PARTY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2QUILT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHIPPING LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4TAX LIABILITY
IRS990ScheduleD/OtherRevenueAmt05505
IRS990ScheduleD/RevenueNotReportedAmt020474
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt035345
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FESTIVAL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ORGANIZATION, THE FESTIVAL IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE FESTIVAL IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE FESTIVAL RECOGNIZES PENALTIES AND INTEREST ACCRUED RELATED TO INCOME TAX LIABILITIES IN THE PROVISION (BENEFIT) FOR INCOME TAXES IN ITS STATEMENT OF ACTIVITIES. FOR THE YEARS ENDED SEPTEMBER 30, 2020 AND 2019, THERE WERE NO ACCRUALS FOR THE PAYMENT OF PENALTIES AND INTEREST. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE FESTIVAL FILES TAX RETURNS IN THE U. S. FEDERAL JURISDICTION. THE FESTIVAL'S INCOME TAX RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED SEPTEMBER 30, 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAMING EXPENSES 5,505.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GAMING EXPENSES 5,505. ROUNDING 2.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015293
IRS990ScheduleD/TotalExpensesPerForm990Amt0303908
IRS990ScheduleD/TotalLiabilityAmt0537643
IRS990ScheduleD/TotalRevenuePerForm990Amt035345
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt055819
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0324384
IRS990ScheduleJ/AnyNonFixedPaymentsInd01
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0150336
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1142317
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt013966
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt113221
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt019815
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt11604
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0EDWARD T RICHMOND
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ALEX OGEKA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VP, SECRETARY & TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0184117
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1157142
IRS990ScheduleJ/SeverancePaymentInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0STEPHEN SHARADIN
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1PTO PAYOUT
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4A
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 7
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS WILL HAVE THE RIGHT TO VOTE AT THE ANNUAL MEETING OR SPECIAL MEETINGS OF THE ORGANIZATION, WHICH IS WHEN NEW OFFICERS ARE ELECTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT 990 IS REVIEWED IN DETAIL BY THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS. UPON SATISFACTORY REVIEW, THE BOARD APPROVES THE FILING OF THE 990 WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR THE OFFICERS AND DIRECTORS COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM. FORMS ARE REVIEWED BY MANAGEMENT AND ADDRESSED BY THE BOARD WHEN NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE OBJECTIVE OF KPGF'S EXECUTIVE COMPENSATION POLICY IS TO PROVIDE REASONABLE AND COMPETITIVE COMPENSATION FOR THE POSITION OF EXECUTIVE DIRECTOR, AS WELL AS OTHER KEY STAFF POSITIONS. EXECUITVE COMPENSATION IS ESTABLISHED USING APPROPRIATE MARKET SURVEYS OF COMPARABLE ORGANIZATIONS AND FOR FUNCATIONALLY EQUIVALENT POSITIONS, IT CONSIDERS TOTAL COMPENSATION AND INDIVIDUAL PERFORMANCE AND AGENCY PERFORMANCE. COMPENSATION IS ESTABLISHED TO ENSURE THAT KPGF IS COMPETITIVE IN THE MARKET FOR TALENT WHILE KEEPING COSTS IN AN AFFORDABLE RANGE. THE COMPENSATION EQUIVALENT USED FOR THESE POSITIONS IS THE INTERNATIONAL FESTIVAL AND ESVENTS, INC COMPENSATION GUIDELINES FOR THE EAST COAST, USA. USING COMPARABLE EVENTS AND RESPONSIBILITIES FOR THE EXECUTIVE DIRECTOR, A 5 YEAR CONTRACTUAL AGREEMENT IS USED TO COVER COMPENSATION, AS WELL AS DUTIES AND RESPONSIBILITES. THE EXECUTIVE DIRECTOR IS EVALUATED ANNUALLY BY AN EXCUTIVE COMMITTEE REVIEW COMMITTEE. THE COMMITTEE MEETS WITH THE EXECUTIVE DIRECTOR AND INDEPENDENTLY OF THE EXECUTIVE DIRECTOR WITH THE PURPOSE OF DISCUSSING HIS/HER PERFORMANCE RELATIVE TO THE JOB DESCRIPTION, STATUS OF YEARLY GOALS AND THE ASSESSMENT OF STRATEGIC OBJECTIVES. THE EXECUTIVE REVIEW COMMITTEE ESTABLISHES A RECOMMENDATION FOR BONUS COMPENSATION IN THE CONTEXT OF THE ANNUAL EVALUATION, ANNUAL BENCHMARKS, AND THE BUDGET FOR THE COMING YEAR. THE EXECUTIVE REVIEW COMMITTEE'S RECOMMENDATION IS TAKEN TO THE FULL BOARD OF DIRECTORS FOR APPROVAL. THE BOARD PRESIDENT MEETS WITH THE EXECUTIVE DIRECTOR TO DISCUSS AND DOCUMENT THE EVALUATION GOALS, STRATEGIC OBJECTIVES, AND BONUS COMPENSATION FOR THE COMING YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FESTIVALS'S IRS FORM 990 IS AVAILABLE UPON REQUEST OF THE EXECUTIVE DIRECTOR DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FESTIVALS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST OF THE EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROCESS HAS NOT CHANGED FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KUTZTOWN UNIVERSITY FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1KUTZTOWN FAIR ASSOCIATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0232256893
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1230781035
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CONTRIBUTION & INVESTMENT RELATED ACTIVITY FBO KUTZTOWN UNIVERSITY STUDENTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO PROVIDE AN AGRICULTURAL FAIR AND OTHER CULTURAL FESTIVALS FOR THE GENERAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 5

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.66$0.09$1.57
2024Detailed filing. Detailed filing data is available for this year.$0.28$1.84$1.57$0.77$1.01$0.24
2023Detailed filing. Detailed filing data is available for this year.$0.32$1.64$1.32$0.79$1.11$0.33
2022Detailed filing. Detailed filing data is available for this year.$0.06$1.05$0.99$0.93$0.98$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.05$1.00$0.95$0.03$0.20$0.17
2020Detailed filing. Detailed filing data is available for this year.$0.04$0.82$0.78$0.04$0.30$0.27
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.55$0.51$0.90$0.96$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.05$0.49$0.45$0.77$0.90$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.04$0.36$0.31$0.97$0.91$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.06$0.44$0.38$0.98$0.91$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.08$0.53$0.45$0.92$0.90$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.55$0.47$0.88$0.95$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.52$0.40$1.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.41$0.27$0.96
2011Summary only. Only limited summary data is available for this year.$0.15$0.32$0.18$1.11$1.00$0.11