Civic Intelligence

Finnfest USA 2013 Committee Inc

990 • Fiscal year 2014 • EIN 35-2409675

Apr 01, 2013 to Mar 31, 2014 • Filed on Feb 12, 2015

PO Box 47949930

(906) 487-7302

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

84th percentile

29%

Higher net margin than 84% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$207,738

Up $207,738 from 2013

Net Assets

Up

$207,738

Up $207,738 from 2013

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$269,316

No earlier filing loaded for comparison.

Expenses

$189,901

No earlier filing loaded for comparison.

Net Income

$79,415

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2013: $0Net Assets 2013: $02013Assets 2014: $207,738Liabilities 2014: $0Net Assets 2014: $207,7382014Assets 2016: $148,226Net Assets 2016: $148,2262016Assets 2017: $124,688Net Assets 2017: $124,6882017Assets 2018: $89,806Net Assets 2018: $89,8062018Assets 2019: $0Net Assets 2019: $02019

Highlighted filing

2014

Assets$207,738
Liabilities$0
Net Assets$207,738

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2014: $269,316Expenses 2014: $189,901Net Income 2014: $79,4152014Expenses 2016: $12,6382016Expenses 2017: $23,5382017Revenue 2018: $1,024Expenses 2018: $35,906Net Income 2018: -$34,8822018Expenses 2019: $89,8062019

Highlighted filing

2014

Revenue$269,316
Expenses$189,901
Net Income$79,415
Jump To
Filing Snapshot
Filing Period
Apr 1, 2013 to Mar 31, 2014
Signed
Feb 12, 2015
Return Version
2013v4.0
Gross Receipts
$334,608
Mission and Program Overview

Mission

Finnfest usa is an annual festival with strong academic, cultural, and commerce components presenting finnish and finnish american culture and heritage. It takes place each year in a different community in the united states. It's a festival that brings modern finland together with historic and contemporary america. Finnfest usa is an ethnic festival like no other in the u.s. Each annual festival is organized by a local site working under the supervision of the national board. Local finnish american organizations and individuals work with the entire community in organizing the festival. Finnfest usa 2013 will take place in the cities of houghton and hancock, michigan and their surrounding areas. It will celebrate the arrival of finnish immigrants to the area, commonly known as the "copper country" on midsummer eve, 1865. Of equal importance, it will transform the challenges, conflicts, and tragedies of the past century into a celebration of heritage and culture for the newest generation

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$133,323$207,738▲ $74,415
Total Assets$133,323$207,738▲ $74,415
Liabilities
Other Liabilities$5,000--
Total Liabilities$5,000$0▼ $5,000
Net Assets / Fund Balance
Unrestricted Net Assets$128,323$207,738▲ $79,415
Total Net Assets Fund Balance$128,323$207,738▲ $79,415
Total Liabilities and Net Assets / Fund Balance$133,323$207,738▲ $74,415
Compensation and Service Providers

Board Members and Trustees

NameTitle
James KurttiChairperson
Michael AbbottVice Chairpe
David MakiDirector
Duane AhoDirector
Glenn AndersonDirector
Hilary VirtanenDirector
John KiltinenDirector
Kevin ManninenDirector
Mary PekkalaDirector
Pauline KiltinenDirector
Scott MacinnesDirector
Robin BoniniSecretary
Peter NegroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$50,557
Program Service Revenue
$253,106
Investment Income
$0
Other Revenue
$-34,347
All Other Contributions
$50,557
Change in Net Assets
$79,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,901
Total Fundraising Expense$37,627
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$36,688--$36,688
Advertising$28,652--$28,652
Fees for Services Other$1,000$24,500-$25,500
Other Expenses$12,926-$37,627$12,926
Office Expenses$11,848--$11,848
Insurance$1,886--$1,886
Fees for Services Accounting$552--$552
Total Functional Expenses$127,774$24,500$37,627$189,901
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$65,292
Fundraising Gross Income$19,261
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$5,345$5,345$16,634$-11,289
Event 2$5,280$5,280$7,307$-2,027
Total Events$10,625$10,625$23,941$-13,316
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Treasurer reviews before filing.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

EIN
35-2409675

Signing Officer

Name
Peter Negro
Title
Treasurer
Signed
2015-02-12

Organization Details

Principal Officer
James Kurtti
Formed
2011
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Preparer
Peter Negro
Phone
9064826601
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Finnfest usa is an annual festival with strong academic, cultural, and commerce components presenting finnish and finnish american culture and heritage. It takes place each year in a different community in the united states. It's a festival that brings modern finland together with historic and contemporary america. Finnfest usa is an ethnic festival like no other in the u.s. Each annual festival is organized by a local site working under the supervision of the national board. Local finnish american organizations and individuals work with the entire community in organizing the festival. Finnfest usa 2013 will take place in the cities of houghton and hancock, michigan and their surrounding areas. It will celebrate the arrival of finnish immigrants to the area, commonly known as the "copper country" on midsummer eve, 1865. Of equal importance, it will transform the challenges, conflicts, and tragedies of the past century into a celebration of heritage and culture for the newest generations of finns in america. A key element will be the involvement of children and young people.

Form 990, Part IX, Line 11G

Event coordinator 0 24,500 0 coordinator assistant 1,000 0 0

Form 990, Part IX, Line 24E

Sound and lighting 11,368 0 0 volunteer expense 6,669 0 0 merchandise costs 5,947 0 0 outhouse rentals 2,604 0 0 sauna project 2,500 0 0 bank & credit card fees 2,109 0 0 signage and decorations 2,109 0 0 sales taxes 1,591 0 0 hospitality 649 0 0 registration fees 641 0 0 miscellaneous 501 0 0

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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0272467
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt011584
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05181
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01315
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018080
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt098217
IRS990ScheduleA/SubstantialContributorsTotAmt055571
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt050557
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt089231
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt014000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0153788
IRS990ScheduleA/TotalSupportAmt0171868
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt023941
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt05345
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt05280
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt010625
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt05345
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt05280
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt010625
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0EDUCATION FORUM
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0TOURS
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-13316
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt023941
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016634
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07307
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FINNFEST USA IS AN ANNUAL FESTIVAL WITH STRONG ACADEMIC, CULTURAL, AND COMMERCE COMPONENTS PRESENTING FINNISH AND FINNISH AMERICAN CULTURE AND HERITAGE. IT TAKES PLACE EACH YEAR IN A DIFFERENT COMMUNITY IN THE UNITED STATES. IT'S A FESTIVAL THAT BRINGS MODERN FINLAND TOGETHER WITH HISTORIC AND CONTEMPORARY AMERICA. FINNFEST USA IS AN ETHNIC FESTIVAL LIKE NO OTHER IN THE U.S. EACH ANNUAL FESTIVAL IS ORGANIZED BY A LOCAL SITE WORKING UNDER THE SUPERVISION OF THE NATIONAL BOARD. LOCAL FINNISH AMERICAN ORGANIZATIONS AND INDIVIDUALS WORK WITH THE ENTIRE COMMUNITY IN ORGANIZING THE FESTIVAL. FINNFEST USA 2013 WILL TAKE PLACE IN THE CITIES OF HOUGHTON AND HANCOCK, MICHIGAN AND THEIR SURROUNDING AREAS. IT WILL CELEBRATE THE ARRIVAL OF FINNISH IMMIGRANTS TO THE AREA, COMMONLY KNOWN AS THE "COPPER COUNTRY" ON MIDSUMMER EVE, 1865. OF EQUAL IMPORTANCE, IT WILL TRANSFORM THE CHALLENGES, CONFLICTS, AND TRAGEDIES OF THE PAST CENTURY INTO A CELEBRATION OF HERITAGE AND CULTURE FOR THE NEWEST GENERATIONS OF FINNS IN AMERICA. A KEY ELEMENT WILL BE THE INVOLVEMENT OF CHILDREN AND YOUNG PEOPLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TREASURER REVIEWS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EVENT COORDINATOR 0 24,500 0 COORDINATOR ASSISTANT 1,000 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SOUND AND LIGHTING 11,368 0 0 VOLUNTEER EXPENSE 6,669 0 0 MERCHANDISE COSTS 5,947 0 0 OUTHOUSE RENTALS 2,604 0 0 SAUNA PROJECT 2,500 0 0 BANK & CREDIT CARD FEES 2,109 0 0 SIGNAGE AND DECORATIONS 2,109 0 0 SALES TAXES 1,591 0 0 HOSPITALITY 649 0 0 REGISTRATION FEES 641 0 0 MISCELLANEOUS 501 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0133323
IRS990/TotalAssetsEOYAmt0207738
IRS990/TotalAssetsGrp/BOYAmt0133323
IRS990/TotalAssetsGrp/EOYAmt0207738
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt050557
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt037627
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024500
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0127774
IRS990/TotalFunctionalExpensesGrp/TotalAmt0189901
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05000
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt05000
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0128323
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0207738
IRS990/TotalProgramServiceExpensesAmt0127774
IRS990/TotalProgramServiceRevenueAmt0253106
IRS990/TotalRevenueGrp/ExclusionAmt011584
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0253206
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0269316
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0133323
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0207738
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0128323
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0207738
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10FINLANDIA UNIVERSITY
IRS990/USAddress/City0HANCOCK
IRS990/USAddress/State0MI
IRS990/USAddress/ZIPCode049930
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.FINNFESTUSA2013.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER NEGRO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine10FINNFEST USA 2013 COMMITTEE INC
ReturnHeader/Filer/BusinessNameControlTxt0FINN
ReturnHeader/Filer/EIN0352409675
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 479
ReturnHeader/Filer/USAddress/City0HANCOCK
ReturnHeader/Filer/USAddress/State0MI
ReturnHeader/Filer/USAddress/ZIPCode049930
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383435918
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10RUKKILA NEGRO AND ASSOCIATES CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10310 SHELDEN AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0HOUGHTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0499311964
ReturnHeader/PreparerPersonGrp/PhoneNum09064826601
ReturnHeader/PreparerPersonGrp/PreparationDt02015-02-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER NEGRO
ReturnHeader/ReturnTs02015-02-16T13:50:48-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-04-01
ReturnHeader/TaxPeriodEndDt02014-03-31
ReturnHeader/TaxYr02013

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