Civic Intelligence

Jax Beach Festivals Inc

990 • Fiscal year 2020 • EIN 59-3293739

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 16, 2021

PO Box 51348Jacksonville Beach, FL 32250

(904) 241-5300

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Net Margin

23rd percentile

-20%

Higher net margin than 23% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Asset Growth

20th percentile

-17%

Faster asset growth than 20% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

19th percentile

-54%

Faster revenue growth than 19% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$260,199

Down $51,951 (-17%) from 2019

Net Assets

Down

$260,199

Down $51,951 (-17%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$259,196

Down $310,134 (-54%) from 2019

Expenses

Down

$311,147

Down $255,350 (-45%) from 2019

Net Income

Down

-$51,951

Down $54,784 (-1934%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $248,797Liabilities 2011: $0Net Assets 2011: $248,7972011Assets 2012: $235,175Liabilities 2012: $0Net Assets 2012: $235,1752012Assets 2013: $234,875Liabilities 2013: $0Net Assets 2013: $234,8752013Assets 2014: $275,491Liabilities 2014: $0Net Assets 2014: $275,4912014Assets 2015: $305,513Liabilities 2015: $0Net Assets 2015: $305,5132015Assets 2016: $349,276Liabilities 2016: $0Net Assets 2016: $349,2762016Assets 2017: $398,533Liabilities 2017: $0Net Assets 2017: $398,5332017Assets 2018: $309,317Liabilities 2018: $0Net Assets 2018: $309,3172018Assets 2019: $312,150Liabilities 2019: $0Net Assets 2019: $312,1502019Assets 2020: $260,199Liabilities 2020: $0Net Assets 2020: $260,1992020Assets 2021: $278,241Liabilities 2021: $0Net Assets 2021: $278,2412021Assets 2022: $370,605Liabilities 2022: $0Net Assets 2022: $370,6052022Assets 2023: $446,546Liabilities 2023: $0Net Assets 2023: $446,5462023Assets 2024: $497,486Liabilities 2024: $0Net Assets 2024: $497,4862024

Highlighted filing

2020

Assets$260,199
Liabilities$0
Net Assets$260,199

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $360,551Expenses 2011: $324,072Net Income 2011: $36,4792011Revenue 2012: $275,899Expenses 2012: $289,077Net Income 2012: -$13,1782012Revenue 2013: $401,658Expenses 2013: $410,056Net Income 2013: -$8,3982013Revenue 2014: $377,859Expenses 2014: $337,243Net Income 2014: $40,6162014Revenue 2015: $539,763Expenses 2015: $509,741Net Income 2015: $30,0222015Revenue 2016: $564,426Expenses 2016: $441,533Net Income 2016: $122,8932016Revenue 2017: $668,490Expenses 2017: $557,876Net Income 2017: $110,6142017Revenue 2018: $458,834Expenses 2018: $482,035Net Income 2018: -$23,2012018Revenue 2019: $569,330Expenses 2019: $566,497Net Income 2019: $2,8332019Revenue 2020: $259,196Expenses 2020: $311,147Net Income 2020: -$51,9512020Revenue 2021: $147,277Expenses 2021: $129,235Net Income 2021: $18,0422021Revenue 2022: $592,411Expenses 2022: $500,047Net Income 2022: $92,3642022Revenue 2023: $584,934Expenses 2023: $508,993Net Income 2023: $75,9412023Revenue 2024: $576,102Expenses 2024: $525,162Net Income 2024: $50,9402024

Highlighted filing

2020

Revenue$259,196
Expenses$311,147
Net Income-$51,951
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 16, 2021
Return Version
2020v4.0
Gross Receipts
$271,387
Mission and Program Overview

Mission

Education & preservation of "blues"

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$243,879$189,839▼ $54,040
Cash and Non-Interest-Bearing Accounts$68,271$70,360▲ $2,089
Total Assets$312,150$260,199▼ $51,951
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$312,150$260,199▼ $51,951
Total Net Assets Fund Balance$312,150$260,199▼ $51,951
Total Liabilities and Net Assets / Fund Balance$312,150$260,199▼ $51,951
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lloyd G HyattDirector
Mitch HarbesonDirector
Reid T MccormickDirector
Sam VealDirector
Tracey Cooper VealDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$253,954
Investment Income
$5,242
Other Revenue
$0
Change in Net Assets
$-51,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$311,147
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$37$7,000-$37
Total Functional Expenses$304,147$7,000$0$311,147
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Jax Beach Festivals Inc
EIN
59-3293739
Address
PO BOX 51348, JACKSONVILLE BEACH, FL 32250

Signing Officer

Name
Sam Veal
Title
Director
Signed
2021-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sam Veal
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Hillegass Chepenik & Hood Cpas
Address
427 3RD STREET NORTH, JACKSONVILLE BEACH, FL 32250-7028
Preparer
William G Hillegass
Phone
9042460713
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

CHANGE IN MARKET VALUE 0

Raw XML Appendix245 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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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.97$0.00$4.97$5.76$5.25$0.51
2023Detailed filing. Detailed filing data is available for this year.$4.47$0.00$4.47$5.85$5.09$0.76
2022Detailed filing. Detailed filing data is available for this year.$3.71$0.00$3.71$5.92$5.00$0.92
2021Detailed filing. Detailed filing data is available for this year.$2.78$0.00$2.78$1.47$1.29$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$2.59$3.11$0.52
2019Detailed filing. Detailed filing data is available for this year.$3.12$0.00$3.12$5.69$5.66$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.09$0.00$3.09$4.59$4.82$0.23
2017Detailed filing. Detailed filing data is available for this year.$3.99$0.00$3.99$6.68$5.58$1.11
2016Detailed filing. Detailed filing data is available for this year.$3.49$0.00$3.49$5.64$4.42$1.23
2015Detailed filing. Detailed filing data is available for this year.$3.06$0.00$3.06$5.40$5.10$0.30
2014Detailed filing. Detailed filing data is available for this year.$2.75$0.00$2.75$3.78$3.37$0.41
2013Detailed filing. Detailed filing data is available for this year.$2.35$0.00$2.35$4.02$4.10$0.08
2012Summary only. Only limited summary data is available for this year.$2.35$0.00$2.35$2.76$2.89$0.13
2011Summary only. Only limited summary data is available for this year.$2.49$0.00$2.49$3.61$3.24$0.36