Civic Intelligence

Florida Litfest Inc.

990 • Fiscal year 2019 • EIN 46-3527772

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 15, 2019

1500 Mahan Drive Ste 200Tallahassee, FL 32308

(850) 508-5813

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.70x

Higher debt load relative to assets than 92% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

0.34x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

59th percentile

7.9%

Higher net margin than 59% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

94th percentile

175%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

78th percentile

30%

Faster revenue growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$223,236

Up $141,949 (+175%) from 2018

Net Assets

Up

$67,034

Up $20,749 (+45%) from 2018

Liabilities

Up

$156,202

Up $121,200 (+346%) from 2018

Revenue

Up

$453,139

Up $103,246 (+30%) from 2018

Expenses

Up

$417,390

Up $141,968 (+52%) from 2018

Net Income

Down

$35,749

Down $38,722 (-52%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2014: $205,289Liabilities 2014: $0Net Assets 2014: $205,2892014Assets 2015: $124,492Liabilities 2015: $146,250Net Assets 2015: -$21,7582015Assets 2016: $80,904Liabilities 2016: $35,476Net Assets 2016: $45,4282016Assets 2017: $29,814Liabilities 2017: $58,000Net Assets 2017: -$28,1862017Assets 2018: $81,287Liabilities 2018: $35,002Net Assets 2018: $46,2852018Assets 2019: $223,236Liabilities 2019: $156,202Net Assets 2019: $67,0342019Assets 2020: $230,017Liabilities 2020: $0Net Assets 2020: $230,0172020Assets 2021: $153,164Liabilities 2021: $2,160Net Assets 2021: $151,0042021Assets 2022: $135,256Liabilities 2022: $1,903Net Assets 2022: $133,3532022Assets 2023: $101,873Liabilities 2023: $54,214Net Assets 2023: $47,6592023Assets 2024: $12,910Liabilities 2024: $4,046Net Assets 2024: $8,8642024Assets 2025: $19,703Liabilities 2025: $34,558Net Assets 2025: -$14,8552025

Highlighted filing

2019

Assets$223,236
Liabilities$156,202
Net Assets$67,034

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $311,570Expenses 2014: $106,281Net Income 2014: $205,2892014Revenue 2015: $203,516Expenses 2015: $430,563Net Income 2015: -$227,0472015Revenue 2016: $402,898Expenses 2016: $335,712Net Income 2016: $67,1862016Revenue 2017: $288,674Expenses 2017: $362,288Net Income 2017: -$73,6142017Revenue 2018: $349,893Expenses 2018: $275,422Net Income 2018: $74,4712018Revenue 2019: $453,139Expenses 2019: $417,390Net Income 2019: $35,7492019Revenue 2020: $288,840Expenses 2020: $125,857Net Income 2020: $162,9832020Revenue 2021: $180,693Expenses 2021: $259,706Net Income 2021: -$79,0132021Revenue 2022: $342,006Expenses 2022: $359,657Net Income 2022: -$17,6512022Revenue 2023: $651,523Expenses 2023: $737,217Net Income 2023: -$85,6942023Revenue 2024: $464,718Expenses 2024: $503,513Net Income 2024: -$38,7952024Revenue 2025: $631,139Expenses 2025: $655,107Net Income 2025: -$23,9682025

Highlighted filing

2019

Revenue$453,139
Expenses$417,390
Net Income$35,749
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$453,139
Mission and Program Overview

Mission

To further the common good and general welfare of the tallahassee, fl area community by promoting a public literary festival for the benefit of the citizens of leon county, florida and the state of florida and surrounding areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$45,294$136,069▲ $90,775
Accounts Receivable$35,993$87,167▲ $51,174
Loans From Officers Directors-$50,000-
Total Assets$81,287$223,236▲ $141,949
Liabilities
Accounts Payable and Accrued Expenses$35,002$106,202▲ $71,200
Total Liabilities$35,002$156,202▲ $121,200
Net Assets / Fund Balance
Unrestricted Net Assets$46,285$67,034▲ $20,749
Total Net Assets Fund Balance$46,285$67,034▲ $20,749
Total Liabilities and Net Assets / Fund Balance$81,287$223,236▲ $141,949
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark MustianPresident
Angie SippleBoard Member
Berneice CoxBoard Member
Bill GiudiceBoard Member
Calynne HillBoard Member
Chrissy GravesBoard Member
Chrys GoodwyneBoard Member
David KilleenBoard Member
Eric EggersBoard Member
JULIE O'STEENBoard Member
Kim LeeBoard Member
Laura RogersBoard Member
Martin HayesBoard Member
Nan NageeBoard Member
Patti GraganellaBoard Member
Paula FortunasBoard Member
Ravi HowardBoard Member
Robin HagginsBoard Member
Sara MarchessaultExecutive Di
Lamar TaylorTreasurer
Scott BalogVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$425,997
Program Service Revenue
$12,142
Investment Income
$0
Other Revenue
$15,000
All Other Contributions
$280,543
Change in Net Assets
$35,749
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$413,390
Total Fundraising Expense$14,238
Salaries, Compensation, and Employee Benefits$4,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$134,743$340-$135,083
Advertising$50,570-$12,788$63,358
Travel$44,050--$44,050
Fees for Services Management$15,200$2,850$950$19,000
Office Expenses$9,216$826-$10,042
Insurance$8,762$974-$9,736
Comp Disqual Persons$3,000$500$500$4,000
Fees for Services Accounting-$1,000-$1,000
Other Expenses$923--$923
Total Functional Expenses$396,662$6,490$14,238$417,390
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$50,000-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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 7A

Members are elected by a majority of the board to serve a term of two years.

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

The executive committee and executive director reviewed the return with the contracted cpa before submitting to the full board for approval.

Form 990, Page 6, Part VI, Line 15A

The board used relevant non profit compensation data in determining a compensation structure and offer for their executive director.

Form 990, Page 6, Part VI, Line 19

Held in office and available for viewing upon request.

Filing and Contact Details

Filer

Filer Name
Florida Litfest Inc
EIN
46-3527772
Phone
8505085813
Address
1500 MAHAN DRIVE STE 200, TALLAHASSEE, FL 32308
Doing Business As
Word of South

Signing Officer

Name
Sara Marchessault
Title
Executive Director
Phone
8505085813
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Marchessault
Formed
2013
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
100

Preparer

Firm
Watson & Associates Pa Cpas
Address
4826 KERRY FOREST PKWY, TALLAHASSEE, FL 32309-2272
Preparer
J Adam Watson CPA
Phone
8506682228
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To further the common good and general welfare of the tallahassee, fl area community by promoting a public literary festival for the benefit of the citizens of leon county, florida and the state of florida and surrounding areas.

Form 990, Part IX, Line 11G

Musicians and authors 125,054 0 0 contract labor 1,360 340 0 event staff 8,329 0 0 total 134,743 340 0

Form 990, Part XI, Line 9

After submission of the 2017 990, it was realized that a loan from a board member had inadvertantly been recorded as a donation. This adjustment has been corrected.

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IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0974
IRS990/InsuranceGrp/ProgramServicesAmt08762
IRS990/InsuranceGrp/TotalAmt09736
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt052
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt050000
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE TALLAHASSEE, FL AREA COMMUNITY BY PROMOTING A PUBLIC LITERARY FESTIVAL FOR THE BENEFIT OF THE CITIZENS OF LEON COUNTY, FLORIDA AND THE STATE OF FLORIDA AND SURROUNDING AREAS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt046285
IRS990/NetAssetsOrFundBalancesEOYAmt067034
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0826
IRS990/OfficeExpensesGrp/ProgramServicesAmt09216
IRS990/OfficeExpensesGrp/TotalAmt010042
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0FESTIVAL SITE COSTS
IRS990/OtherExpensesGrp/Desc1COGS
IRS990/OtherExpensesGrp/ProgramServicesAmt0130198
IRS990/OtherExpensesGrp/ProgramServicesAmt1923
IRS990/OtherExpensesGrp/TotalAmt0130198
IRS990/OtherExpensesGrp/TotalAmt1923
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015000
IRS990/OtherRevenueTotalAmt015000
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0SARA MARCHESSAULT
IRS990/PriorPeriodAdjustmentsAmt0-15000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/Desc0VENDOR FEES
IRS990/ProgramServiceRevenueGrp/Desc1MERCHANDISE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010950
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11192
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11192
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0347051
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0260780
IRS990/PYProgramServiceRevenueAmt02842
IRS990/PYRevenuesLessExpensesAmt074471
IRS990/PYSalariesCompEmpBnftPaidAmt014642
IRS990/PYTotalExpensesAmt0275422
IRS990/PYTotalRevenueAmt0349893
IRS990/ReconcilationRevenueExpnssAmt035749
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0453139
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0347051
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0396740
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0122692
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0311570
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01631192
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt027142
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02842
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt06158
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt080824
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0116966
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01748158
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0480281
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0349893
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0402898
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0203516
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0311570
IRS990ScheduleA/Total509Grp/TotalAmt01748158
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0480281
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0349893
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0402898
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0203516
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0311570
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01748158
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
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt050000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SHORT TERM CASH FLOW
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt050000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MARK MUSTIAN LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt050000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE TALLAHASSEE, FL AREA COMMUNITY BY PROMOTING A PUBLIC LITERARY FESTIVAL FOR THE BENEFIT OF THE CITIZENS OF LEON COUNTY, FLORIDA AND THE STATE OF FLORIDA AND SURROUNDING AREAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE ELECTED BY A MAJORITY OF THE BOARD TO SERVE A TERM OF TWO YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE AND EXECUTIVE DIRECTOR REVIEWED THE RETURN WITH THE CONTRACTED CPA BEFORE SUBMITTING TO THE FULL BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD USED RELEVANT NON PROFIT COMPENSATION DATA IN DETERMINING A COMPENSATION STRUCTURE AND OFFER FOR THEIR EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HELD IN OFFICE AND AVAILABLE FOR VIEWING UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MUSICIANS AND AUTHORS 125,054 0 0 CONTRACT LABOR 1,360 340 0 EVENT STAFF 8,329 0 0 TOTAL 134,743 340 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AFTER SUBMISSION OF THE 2017 990, IT WAS REALIZED THAT A LOAN FROM A BOARD MEMBER HAD INADVERTANTLY BEEN RECORDED AS A DONATION. THIS ADJUSTMENT HAS BEEN CORRECTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt081287
IRS990/TotalAssetsEOYAmt0223236
IRS990/TotalAssetsGrp/BOYAmt081287
IRS990/TotalAssetsGrp/EOYAmt0223236
IRS990/TotalCompGreaterThan150KInd0false

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