Civic Intelligence

Florida Litfest Inc.

990 • Fiscal year 2024 • EIN 46-3527772

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 21, 2025

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

86th percentile

0.31x

Higher debt load relative to assets than 86% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.01x

Higher debt load relative to revenue than 65% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

28th percentile

-8.3%

Higher net margin than 28% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

88th percentile

$32,917

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

5th percentile

-87%

Faster asset growth than 5% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-29%

Faster revenue growth than 20% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$12,910

Down $88,963 (-87%) from 2023

Net Assets

Down

$8,864

Down $38,795 (-81%) from 2023

Liabilities

Down

$4,046

Down $50,168 (-93%) from 2023

Revenue

Down

$464,718

Down $186,805 (-29%) from 2023

Expenses

Down

$503,513

Down $233,704 (-32%) from 2023

Net Income

Up

-$38,795

Up $46,899 (+55%) from 2023

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

2024

Assets$12,910
Liabilities$4,046
Net Assets$8,864

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

2024

Revenue$464,718
Expenses$503,513
Net Income-$38,795
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 21, 2025
Return Version
2023v6.0
Gross Receipts
$464,718
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
Pledges and Grants Receivable$30,000--
Cash and Non-Interest-Bearing Accounts$71,873$12,910▼ $58,963
Total Assets$101,873$12,910▼ $88,963
Liabilities
Accounts Payable and Accrued Expenses$54,214$4,046▼ $50,168
Total Liabilities$54,214$4,046▼ $50,168
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$47,659$8,864▼ $38,795
Total Net Assets Fund Balance$47,659$8,864▼ $38,795
Total Liabilities and Net Assets / Fund Balance$101,873$12,910▼ $88,963
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sara MarchessaultExecutive DiPT$32,917$32,917

Board Members and Trustees

NameTitle
Mark MustianPresident
Angie SippleBoard Member
Berniece CoxBoard Member
Bill GiudiceBoard Member
Blake DowlingBoard Member
Brad KileBoard Member
Calynne HillBoard Member
Chrys GoodwyneBoard Member
David SelfBoard Member
Eric EggersBoard Member
JULIE O'STEENBoard Member
James Parker-flynnBoard Member
Katee TullyBoard Member
Laura RogersBoard Member
Nan NagyBoard Member
Paula FortunasBoard Member
Raoul LavinBoard Member
Ravi HowardBoard Member
Rob GarnerBoard Member
Wendy SchulteBaord Member
Lamar TaylorTreasurer-se
Revenue and Support

Revenue Composition

Contributions and Grants
$454,275
Program Service Revenue
$10,443
Investment Income
$0
Other Revenue
$0
All Other Contributions
$312,574
Change in Net Assets
$-38,795
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$503,513
Total Fundraising Expense$4,978
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$204,021--$204,021
Other Expenses$123,369--$123,369
Advertising$63,315-$3,332$66,647
Travel$57,731--$57,731
Fees for Services Management$26,333$4,938$1,646$32,917
Office Expenses$15,510$1,142-$16,652
Fees for Services Accounting-$1,500-$1,500
Insurance$608$68-$676
Total Functional Expenses$490,887$7,648$4,978$503,513
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
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 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
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
2025-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Marchessault
Formed
2013
Legal Domicile
Fl
Voting Board Members
25
Independent Board Members
25
Employees
0
Volunteers
35

Preparer

Firm
Watson & Associates Pa Cpas
Address
1424 PIEDMONT DRIVE EAST STE 201, TALLAHASSEE, FL 32308
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 204,021 0 0

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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
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IRS990/NetAssetsOrFundBalancesEOYAmt08864
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08864
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01142
IRS990/OfficeExpensesGrp/ProgramServicesAmt015510
IRS990/OfficeExpensesGrp/TotalAmt016652
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0FESTIVAL SITE COSTS
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IRS990/OtherExpensesGrp/TotalAmt0123369
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt030000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0SARA MARCHESSAULT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/Desc0CONCESSION AND TICKET SALES
IRS990/ProgramServiceRevenueGrp/Desc1VENDOR FEES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12450
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0288840
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01927780
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
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 204,021 0 0
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
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