Civic Intelligence

Mt. Vernon Festivals Inc.

990EZ • Fiscal year 2017 • EIN 45-5380442

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 22, 2018

PO Box 1708Mount Vernon, IL 62864

(618) 242-3151

Siviq Scores

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

Liabilities / Assets

91st percentile

0.60x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

0.63x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

60th percentile

8.2%

Higher net margin than 60% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

95th percentile

207%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

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

Annualized from 2016 to 2017

Assets

Up

$8,894

Up $5,996 (+207%) from 2016

Net Assets

$3,586

No earlier filing loaded for comparison.

Liabilities

Up

$5,308

Up $5,308 from 2016

Revenue

Up

$8,421

Up $23,178 (+157%) from 2016

Expenses

Up

$7,733

Up $478 (+6.6%) from 2016

Net Income

Up

$688

Up $22,700 (+103%) from 2016

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2013: $12,851Liabilities 2013: $02013Assets 2014: $20,139Net Assets 2014: $20,1392014Assets 2015: $24,910Net Assets 2015: $24,9102015Assets 2016: $2,898Liabilities 2016: $02016Assets 2017: $8,894Liabilities 2017: $5,308Net Assets 2017: $3,5862017Assets 2018: $12,013Liabilities 2018: $125Net Assets 2018: $11,8882018Assets 2019: $33,694Liabilities 2019: $64Net Assets 2019: $33,6302019Assets 2020: $38,504Liabilities 2020: $196Net Assets 2020: $38,3082020Assets 2021: $66,624Net Assets 2021: $66,6242021Assets 2022: $58,574Net Assets 2022: $58,5742022Assets 2023: $25,441Liabilities 2023: $02023Assets 2024: $8,451Net Assets 2024: $8,4512024

Highlighted filing

2017

Assets$8,894
Liabilities$5,308
Net Assets$3,586

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2013: $26,245Expenses 2013: $15,030Net Income 2013: $11,2152013Revenue 2014: $20,182Expenses 2014: $12,894Net Income 2014: $7,2882014Revenue 2015: $13,345Expenses 2015: $8,574Net Income 2015: $4,7712015Revenue 2016: -$14,757Expenses 2016: $7,255Net Income 2016: -$22,0122016Revenue 2017: $8,421Expenses 2017: $7,733Net Income 2017: $6882017Revenue 2018: $12,129Expenses 2018: $5,008Net Income 2018: $7,1212018Revenue 2019: $26,162Expenses 2019: $4,420Net Income 2019: $21,7422019Revenue 2020: $10,453Expenses 2020: $5,775Net Income 2020: $4,6782020Revenue 2021: $31,972Expenses 2021: $3,656Net Income 2021: $28,3162021Revenue 2022: $92,665Expenses 2022: $100,715Net Income 2022: -$8,0502022Revenue 2023: $106,383Expenses 2023: $139,516Net Income 2023: -$33,1332023Revenue 2024: $112,174Expenses 2024: $129,164Net Income 2024: -$16,9902024

Highlighted filing

2017

Revenue$8,421
Expenses$7,733
Net Income$688
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 22, 2018
Return Version
2017v2.2
Gross Receipts
$65,435
Mission and Program Overview

Mission

Celebrating creativity through a series of festivals, mt. Vernon festivals, inc. Will organize and operate the best festivals in the country in order to earn and maintain mt. Vernon's festival arts city reputation. Mt. Vernon's festivals will be known for embracing the extraordinary and providing creativity with a twist in mt. Vernon, illinois where creativity is constantly being redefined.

Program Services

DescriptionGrantsExpenses
ORGANIZE AND OPERATE THE BEST FESTIVALS IN THE COUNTRY IN ORDER TO EARN AND MAINTAIN MT. VERNON'S FESTIVAL ARTS CITY REPUTATION.$57,014-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JASON HULBERTPresident-$0--
LISA DAMRONVice President-$0--
ANGELA SCHRUMExecutive Director-$0--
REX CUSAMANOTreasurer-$0--
CRYSTAL WEBSTERDirector-$0--
CARL BUNDYDirector-$0--
RACHEL HUNSELLSecretary-$0--
SHARI' COPPLEDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mt. Vernon Fall Festival$49,405$11,768$4,497$7,271
Citywide Clean Up$6,650$6,650$4,070$2,580
Total Events$61,789$24,152$37,444$-13,292
Filing and Contact Details

Filer

Filer Name
Mt Vernon Festivals Inc
EIN
45-5380442
Phone
6182423151
Address
PO BOX 1708, MOUNT VERNON, IL 62864

Signing Officer

Name
Angela Schrum
Title
Treasurer/Direc
Signed
2018-10-22
Discuss with paid preparer
Yes

Preparer

Firm
Krehbiel & Associates LLC
Address
125 N 11th St PO Box 846, Mount Vernon, IL 62864-0017
Preparer
Joshua Esser
Phone
6182442666
Supplemental Narrative

Additional Explanations

Other Expenses.1002

Office Expenses $441

Other Expenses.1012

Insurance $4941

Other Expenses.1

TAXES & LICENSES $2323

Other Expenses.2

LEGAL FEES $28

Total Liabilities.1

CREDIT CARDS PAYABLE - Beginning $0 CREDIT CARDS PAYABLE - Ending $5308

Raw XML Appendix186 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/ExplanationTxt0Office Expenses $441
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer/Direc
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MT VERNON FESTIVALS INC
ReturnHeader/Filer/BusinessNameControlTxt0MTVE
ReturnHeader/Filer/EIN0455380442
ReturnHeader/Filer/PhoneNum06182423151
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ReturnHeader/Filer/USAddress/CityNm0MOUNT VERNON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd062864
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371053332
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Krehbiel & Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0125 N 11th St PO Box 846
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mount Vernon
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0628640017
ReturnHeader/PreparerPersonGrp/PhoneNum06182442666
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joshua Esser
ReturnHeader/ReturnTs02018-10-22T09:11:08-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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Filings