Athfest Incorporated EIN 20-0425341

Athfest Incorporated

EIN  20-0425341 Public charity (501(c)(3)) Athens, GA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides music and arts education for local youth and the community through programs and events.
Leadership
Mary Joyce · Executive Dir · $65K
Money in and out
$640K revenue, $477K expenses
Bottom line
81% program efficiency

Provides music and arts education for local youth and the community through programs and events. For fiscal year 2024 it reported $640K in revenue, $477K in expenses, and $1.2M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$640K
Pt VIII · Ln 12
Total expenses
$477K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $164K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.18 Fundraising $0.01
Program efficiency
81%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
30.1mo
months of highly liquid reserves at operating expense rate▲ +1% vs prior filing year
Surplus margin
+26%
revenue over expenses, this year▼ -31% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$640K
FY20240%
Expenses
$477K
FY2024▲ +18%
Total assets
$1.2M
FY2024▲ +19%
Total liabilities
$4K
FY2024▲ +9%
Total revenue
$640K
Pt VIII · Ln 12
Total expenses
$477K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$164K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $386K of program spending, described in the organization's own filed words · FY2024.
01

Athfest educates produces the annual athfest music and arts festival. Athfest showcases local, regional and national talent to athens residents and residents of surrounding communities and states. Over the past 25 years the festival has gained a dedicated fan base and we see festival goers from all over georgia and the southeast.

$281Kprogram expense
02

Athfest educate accepts grant applications from local educators and youth development specialists working in athens, georgia schools, 501(c)(3) nonprofits, community organizations, and government programs with k-12 youth in the areas of music and arts education.

$100Kprogram expense
03

The ultimate mission of athfest educates is to advance music and arts education for the young people of athens. One way we achieve this goal is through the kidsfest component of the athfest music and arts festival.

$5Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAthfest Incorporated
EINHdr · item D20-0425341
Principal addressHdr · item CAthens, GA
WebsiteHdr · item Jwww.athfesteducates.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A68)
Ruling yearIRS BMFDec 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir
$65,460Pt VII · Sec A
Board Memeber
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Mary Joyce’s $65K as Executive Dir is at the 60th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mary Joyce$65,460$61,042$3,851
Jill Helme$28,433$49,056$47,942

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$338K · 53%
Contributions & grants$144K · 23%
Other revenue$134K · 21%
Investment income$25K · 4%
Program service revenue53%$338K
Contributions & grants23%$144K
Other revenue21%$134K
Investment income4%$25K
— government grantsLn 1e$55K
Total revenueLn 12$640K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.18 Fundraising $0.01
Program services81%$386K
Management & general18%$87K
Fundraising1%$3K
Total functional expensesLn 25$477K

Balance Sheet

Part X · end of year
CashLn 1$775K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$4K
Total net assetsLn 32$1.2M
Months of cash on handcomputed19.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $477K
30.1 months
Where the money goes
Program services
Program services $386K · Total expenses $477K
81%
Management & General
Management & general $87K · Total expenses $477K
18%
Fundraising
Fundraising $3K · Total expenses $477K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $87K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $144K · Total revenue $640K
23%
Government reliance
Government grants $55K · Total revenue $640K
9%
Earned-income share
Program service revenue $338K · Total revenue $640K
53%
Investment reliance
Investment income $25K · Total revenue $640K
+4%
Program self-sufficiency
Program service revenue $338K · Total expenses $477K
71%
Growth & trend
Revenue growth (YoY)
This year $640K · Prior year $641K
0%
Revenue CAGR
FY2020 $174K · FY2024 $640K
+39%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $640K · Expenses $477K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $422K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.2M
35%
People & payroll
Highest Reported Total Compensation
Individual Mary Joyce · Reported title EXECUTIVE DIR · Highest reported compensation $65K · Total expenses $477K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $74K · Total expenses $477K
16%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 18%
Fundraising cost ratio 2%
Revenue growth -0%
Investment management fee ratio 1%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 8 grants · $168K · 2020–2024
Clarke County School DistrictFY2024$33,418
Clarke County School DistFY2023$27,854
Clarke County School DistFY2022$22,735
Other GrantsFY2021$23,670
Clarke County School DistFY2021$11,038
Other GrantsFY2020$18,998
Clarke County School DistFY2020$15,196

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$640K revenue · viewing · ⤓ 990 PDF
FY2023$641K revenue · ⤓ 990 PDF
FY2022$433K revenue · ⤓ 990 PDF
FY2021$243K revenue · ⤓ 990 PDF
FY2020$174K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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