National Cherry Festival Incorporated in Traverse City, Michigan (MI)

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National Cherry Festival Incorporated
Employer Identification Number (EIN)381319574
Name of OrganizationNational Cherry Festival Incorporated
Address250 E Front St Ste 301, Traverse City, MI 49684-2552
ActivitiesAdvertising
SubsectionCivic League
Ruling Date06/1950
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$453,573
Amount of Income$2,202,913
Form 990 Revenue Amount$1,867,826


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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$1,826,235
Contributions, Gifts, Grants and Other Similar Amounts$383,780
Program Service Revenue$1,175,270
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$728
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$38,867
Gross income from gaming activities$94,172
Less: direct expenses$55,305
Net income from sales of inventory$222,278
Gross sales of inventory, less returns and allowances$495,894
Less: cost of goods sold$273,616
Miscellaneous Revenue$5,312
Statement of Functional Expenses (for 2011)
Total functional expenses$1,751,891
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$429,461
Payroll taxes$33,526
Professional fundraising services$0
Other$1,288,904
Balance Sheet (for 2011)
Total assets$374,978
Total liabilities$47,711
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$47,711
Total net assets or fund balances$327,267
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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