Musicfest Northwest

“Description: dividend income. Amount: 449.”

“Activity classification: awards to individuals. Grantee name: individuals. Amount given: 6,437.”

“Description: office expenses. Amount: 12,705. Description: advertising. Amount: 643. Description: merchandise. Amount: 3,791. Description: festival expenses. Amount: 28,251. Description: insurance. Amount: 2,097. Description: taxes. Amount: 469. Description: grant writing. Amount: 6,108. Total to form 990-ez, line 16: 54,064.”

“Description: donated services. Amount: 1,656.”

“Description: prepaid travel. Beg. Of year amount: 4,616. End of year amount: 4,616. Description: beneficial interest in assets held by innovia foundation. Beg. Of year amount: 116,531. End of year amount: 46,531. Description: accounts receivable. Beg. Of year amount: 0. End of year amount: 2,500.”

“Description: accounts payable. Beg. Of year amount: 1,656. End of year amount: 0.”

“The 2024 bylaws reflect a more formalized and professional governance structure. Major updates include alignment with washington's updated nonprofit laws (rcw 24.03a), clarification of the organization's principal office location, and an expanded mission to include dance and related arts. The board of trustees (bot) section now outlines strategic leadership responsibilities, term limits, mandatory annual donations, and stricter attendance policies. A new article details board member volunteer expectations, including required service during festival events and quarterly reporting of hours. Officer roles have been expanded, particularly for the president and treasurer, and the roles of the festival director, administrative assistant, and consultants are now formally defined. The bylaws also introduce a diversity, equity, and inclusion statement and a more detailed dissolution clause aligned with irs 501(c)(3) requirements.”