Civic Intelligence

Castroville Festivals Inc

990 • Fiscal year 2016 • EIN 77-0026718

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

PO Box 1041Castroville, CA 95012

(831) 633-2465

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.18x

Higher debt load relative to assets than 82% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.23x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Asset Growth

98th percentile

215%

Faster asset growth than 98% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

96th percentile

104%

Faster revenue growth than 96% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$165,204

Up $112,691 (+215%) from 2015

Net Assets

Up

$135,131

Up $122,618 (+980%) from 2015

Liabilities

Down

$30,073

Down $9,927 (-25%) from 2015

Revenue

Up

$128,743

Up $65,765 (+104%) from 2015

Expenses

Down

$112,909

Down $4,019 (-3.4%) from 2015

Net Income

Up

$15,834

Up $69,784 (+129%) from 2015

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2010: $23,988Liabilities 2010: $0Net Assets 2010: $23,9882010Assets 2011: $14,572Liabilities 2011: $0Net Assets 2011: $14,5722011Assets 2012: $9,957Liabilities 2012: $0Net Assets 2012: $9,9572012Assets 2013: $59,342Liabilities 2013: $0Net Assets 2013: $59,3422013Assets 2014: $66,463Liabilities 2014: $0Net Assets 2014: $66,4632014Assets 2015: $52,513Liabilities 2015: $40,000Net Assets 2015: $12,5132015Assets 2016: $165,204Liabilities 2016: $30,073Net Assets 2016: $135,1312016Assets 2017: $91,953Liabilities 2017: $20,098Net Assets 2017: $71,8552017

Highlighted filing

2016

Assets$165,204
Liabilities$30,073
Net Assets$135,131

Operations Trend

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

$200K$100K$0-$100KExpenses 2010: $113,5722010Expenses 2011: $95,2982011Expenses 2012: $94,2362012Revenue 2013: $148,705Expenses 2013: $99,320Net Income 2013: $49,3852013Revenue 2014: $139,779Expenses 2014: $132,657Net Income 2014: $7,1222014Revenue 2015: $62,978Expenses 2015: $116,928Net Income 2015: -$53,9502015Revenue 2016: $128,743Expenses 2016: $112,909Net Income 2016: $15,8342016Revenue 2017: $31,917Expenses 2017: $95,193Net Income 2017: -$63,2762017

Highlighted filing

2016

Revenue$128,743
Expenses$112,909
Net Income$15,834
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$338,017
Mission and Program Overview

Mission

Promote the advancement of the artichoke industry through community fundraising activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$47,573$161,921▲ $114,348
Rtn Earn Endowment Incm Other Fnds$12,513$135,131▲ $122,618
Land, Buildings, and Equipment, Net$4,940$3,283▼ $1,657
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$52,513$165,204▲ $112,691
Liabilities
Unsecured Notes Loans Payable$40,000$30,073▼ $9,927
Total Liabilities$40,000$30,073▼ $9,927
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,513$135,131▲ $122,618
Total Liabilities and Net Assets / Fund Balance$52,513$165,204▲ $112,691

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,283$14,092$17,375
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathryn ParishPresident
Diana MccleanVice President
Angie MicheliDirector
David DelfinoDirector
Glenn AlamedaDirector
Kevin TottinoDirector
Lionel HandelDirector
Lynn ClarkDirector
Ron StefaniDirector
Ruben TorresDirector
Terry Bei RohrsDirector
Wes McclellanDirector
Stefani CortopassiSecretary
Linda SchererTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,307
Program Service Revenue
$0
Investment Income
$50
Other Revenue
$117,386
All Other Contributions
$11,307
Change in Net Assets
$15,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$57,676
Salaries, Compensation, and Employee Benefits$40,883
Grants and Similar Amounts Paid$14,350
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$37,413-$37,413
Occupancy-$34,154-$34,154
Grants to Domestic Orgs$14,350--$14,350
Payroll Taxes-$3,470-$3,470
Information Technology-$2,628-$2,628
Insurance-$2,237-$2,237
Fees for Services Accounting-$2,007-$2,007
Fees for Services Other-$1,723-$1,723
Depreciation Depletion-$1,657-$1,657
Other Expenses-$915-$915
All Other Expenses-$639-$639
Total Functional Expenses$14,350$98,559$0$112,909
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$296,102
Fundraising Direct Expenses$209,274
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Festival$296,102$296,102$82,484$213,618
Total Events$296,102$296,102$209,274$86,828
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 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
Yes
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, Part VI, Section A, Line 2

The former president of the board, ron stefani, and current secretary and director, stefani cortopassi, are distant cousins.

Form 990, Part VI, Section B, Line 11B

A copy of form 990 is made available to the board upon request.

Form 990, Part VI, Section B, Line 15B

The board determines the compensation for denice amerison, the only full-time employee, based on comparable pay of similar positions in the area.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Castroville Festivals Inc
EIN
77-0026718
Phone
8316332465
Address
PO BOX 1041, CASTROVILLE, CA 95012

Signing Officer

Name
Kathryn Parish
Title
President
Phone
8316332465
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn Parish
Formed
1970
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
4
Volunteers
490

Preparer

Firm
Bianchikasavan & Pope Llp
Address
450 LINCOLN AVENUE SUITE 200, SALINAS, CA 93901
Preparer
Gail a Delorey
Phone
8317575311
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Adjustment for bank acct uknown to current board opened w/donation in 2005 106,784. .

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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0296102
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt086828
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt082484
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt082484
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt073633
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt073633
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORMER PRESIDENT OF THE BOARD, RON STEFANI, AND CURRENT SECRETARY AND DIRECTOR, STEFANI CORTOPASSI, ARE DISTANT COUSINS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS MADE AVAILABLE TO THE BOARD UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DETERMINES THE COMPENSATION FOR DENICE AMERISON, THE ONLY FULL-TIME EMPLOYEE, BASED ON COMPARABLE PAY OF SIMILAR POSITIONS IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADJUSTMENT FOR BANK ACCT UKNOWN TO CURRENT BOARD OPENED W/DONATION IN 2005 106,784. .
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt040000
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IRS990/WebsiteAddressTxt0WWW.ARTICHOKEFESTIVAL.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHRYN PARISH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08316332465
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CASTROVILLE FESTIVALS INC
ReturnHeader/Filer/BusinessNameControlTxt0CAST
ReturnHeader/Filer/EIN0770026718
ReturnHeader/Filer/PhoneNum08316332465
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1041
ReturnHeader/Filer/USAddress/CityNm0CASTROVILLE
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId064A41F3FEB2C779EEA3B893A36EF3E5671A5791A
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.250.205.18
ReturnHeader/FilingSecurityInformation/IPDt02017-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm008:50:26
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0941541507
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BIANCHIKASAVAN & POPE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0450 LINCOLN AVENUE SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALINAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
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