Civic Intelligence

Chelsea Area Festivals & Events

EIN 45-3727723 • 501(c)3 • Chelsea, MI

Profile

To cultivate and enrich a robust cultural presence throughout the community by providing an eclectic mix of performances, festivals, and events.

222 South Main StreetChelsea, MI 48118

chelseafestivals.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

3rd percentile

-737%

Higher net margin than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

17th percentile

-50%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $101,074 (-100%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$0

Down $101,074 (-100%) from 2021

Revenue

Down

$13,352

Down $13,348 (-50%) from 2021

Expenses

Up

$111,821

Up $31,769 (+40%) from 2021

Net Income

Down

-$98,469

Down $45,117 (-85%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2014: $91,198Liabilities 2014: $02014Assets 2015: $109,414Liabilities 2015: $0Net Assets 2015: $109,4142015Assets 2016: $132,247Liabilities 2016: $0Net Assets 2016: $132,2472016Assets 2017: $142,691Liabilities 2017: $0Net Assets 2017: $142,6912017Assets 2018: $144,791Liabilities 2018: $0Net Assets 2018: $144,7912018Assets 2019: $149,242Liabilities 2019: $0Net Assets 2019: $149,2422019Assets 2020: $158,276Liabilities 2020: $0Net Assets 2020: $158,2762020Assets 2021: $101,074Liabilities 2021: $0Net Assets 2021: $101,0742021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2014: $115,186Expenses 2014: $109,035Net Income 2014: $6,1512014Revenue 2015: $130,156Expenses 2015: $111,690Net Income 2015: $18,4662015Revenue 2016: $143,267Expenses 2016: $120,434Net Income 2016: $22,8332016Revenue 2017: $136,059Expenses 2017: $125,615Net Income 2017: $10,4442017Revenue 2018: $163,957Expenses 2018: $160,802Net Income 2018: $3,1552018Revenue 2019: $184,109Expenses 2019: $179,658Net Income 2019: $4,4512019Revenue 2020: $77,255Expenses 2020: $66,878Net Income 2020: $10,3772020Revenue 2021: $26,700Expenses 2021: $80,052Net Income 2021: -$53,3522021Revenue 2022: $13,352Expenses 2022: $111,821Net Income 2022: -$98,4692022

Highlighted filing

2022

Revenue$13,352
Expenses$111,821
Net Income-$98,469

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 28, 2023
Return Version
2022v5.0
Gross Receipts
$13,352
Mission and Program Overview

Mission

See Schedule O

Program Services

DescriptionGrantsExpenses
See Schedule O-$36,188
See Schedule O-$19,466
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Craig CommonPresident-$0--
Robert PierceSecretaryPT$0--
Gary MunceTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Chelsea Area Festivals & Events
EIN
45-3727723
Address
222 South Main Street, Chelsea, MI 48118

Signing Officer

Name
Craig Common
Title
President
Phone
7344749178
Signed
2023-04-28
Discuss with paid preparer
Yes

Preparer

Firm
Stoker Tax & Accounting LLC
Address
PO Box 445 219 E Michigan Ave, Grass Lake, MI 49240
Preparer
Duane Stoker EA
Phone
5175136065
Supplemental Narrative

Additional Explanations

General explanation attachment

Form 990-EZ, Part III - Primary Exempt PurposeTo Cultivate and enrich a robust cultural presence throughout the community by providing a eclectic mix of performances, festivals and events. Form 990-EX, Part III, Line 28- First Accomplishementthe organization coordinates eents throughout the year known as Sounds & sights on Thursday Nights, an eleven-week program throughout the summer, and Sounds & Sights Festival, a three-day arts, music and food festival. Sounds & Sights on Thursday Nights occurs frm mid-June through mid-August and offers a variety of music and entertainment throughout downtown Chelsea every Thursday night. Approximately 1,500 people attend each week. There is no charge to the public to attend this event; however, the performers are paid to entertain. The Sounds & Sights Festival is a three-day weekend event held the last weekend in July. This festival is a major fundraiser to support Sounds & Sights on Thursday Nights. The festival consists of music, and art market, entertainment and activities specific for children, a classic car show, food and more. Approximately 10,000 to 15,000 people attend this event. Form 990-EZ, Part III, Line 29 - Second AccomplishmentThe organization coordinates an event known as Sculpture Walk to bring free contemporary art to visitiors and Chelsea residents. This is an annual exhibit that has been a welcome addition to Chelsea that enhances and enables the cultral and artistic Chelsea City Brand.

List of grants and similar amounts paid Part I line 10

Activity Scholarship Grantee Chelsea High School Street 740 N. Freer Rd City, State, Zip Chelsea, MI 48118Amount 1,000

Description of other expenses Part I line 16

Description AmountMarketing 9,868Marketing - SSF 10,437Webdesign 12,892Social Tent 9,584Supplies 2,825Art Market 2,555Credit Card Fees 2,188Telephone/Internet 69Rental 1,029KidZone Expenses 3,596Miscellaneous 4,792Car Show 749HTH Expense 2,770

Other changes in net assets or fund balances Part I line 20

Description AmountPrior Period Adjustment (2,605)

Description of other assets Part II line 24

Category Beginning of Year End of YearAccounts Receivable 3,400 0Prepaid Exp. and Def. Charges 95 0Undeposited Funds 1,850 0

Raw XML Appendix165 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990-EZ, Part III - Primary Exempt PurposeTo Cultivate and enrich a robust cultural presence throughout the community by providing a eclectic mix of performances, festivals and events. Form 990-EX, Part III, Line 28- First Accomplishementthe organization coordinates eents throughout the year known as Sounds & sights on Thursday Nights, an eleven-week program throughout the summer, and Sounds & Sights Festival, a three-day arts, music and food festival. Sounds & Sights on Thursday Nights occurs frm mid-June through mid-August and offers a variety of music and entertainment throughout downtown Chelsea every Thursday night. Approximately 1,500 people attend each week. There is no charge to the public to attend this event; however, the performers are paid to entertain. The Sounds & Sights Festival is a three-day weekend event held the last weekend in July. This festival is a major fundraiser to support Sounds & Sights on Thursday Nights. The festival consists of music, and art market, entertainment and activities specific for children, a classic car show, food and more. Approximately 10,000 to 15,000 people attend this event. Form 990-EZ, Part III, Line 29 - Second AccomplishmentThe organization coordinates an event known as Sculpture Walk to bring free contemporary art to visitiors and Chelsea residents. This is an annual exhibit that has been a welcome addition to Chelsea that enhances and enables the cultral and artistic Chelsea City Brand.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity Scholarship Grantee Chelsea High School Street 740 N. Freer Rd City, State, Zip Chelsea, MI 48118Amount 1,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description AmountMarketing 9,868Marketing - SSF 10,437Webdesign 12,892Social Tent 9,584Supplies 2,825Art Market 2,555Credit Card Fees 2,188Telephone/Internet 69Rental 1,029KidZone Expenses 3,596Miscellaneous 4,792Car Show 749HTH Expense 2,770
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description AmountPrior Period Adjustment (2,605)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Category Beginning of Year End of YearAccounts Receivable 3,400 0Prepaid Exp. and Def. Charges 95 0Undeposited Funds 1,850 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0General explanation attachment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Description of other assets Part II line 24
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