Riversong Music Festival

“Expenses advertising 15,668 office expense 5,234 insurance 2,079 program expenses 16,105 event expense 16,427 performer fees 48,417 production expenses 10,712 donations 100 non-investment depreciation 2,181 total 116,923”

“Inventories for sale or use 195 536 prepaid expenses and deferred charges 0 10,000 equipment 11,189 11,189 less accumulated depreciation 6,331 7,431 permanent stage 13,073 13,073 less accumulated depreciation 8,766 9,847 total 9,360 17,520”

“Cb line of credit 0 17,000 loan payable cb&t 7245 0 15,000”

“Riversong utilizes and highlights the abundant music, art, history, and natural assets of the hutchinson area and surrounding region to provide a distinct musical and artistic experience to community members and visitors of all ages and demographics.”

“Successfully completed our festival in 2024 held to our annual budget.we had an exceptionally difficult year due to storms and had to take out a short term loan to cover the shortfall. Fundraising committee increased donations 13% over 2023. Volunteer chair filled 80% of our volunteer shifts as volunteers become increasingly difficult to find. Increased emphasis on board development and recruitment. Increased emphasis on underserved community. 90% of our performers were from minnesota. Riversong works with more than 100 local businesses and partners to support our commitment to the community.”