Athfest Incorporated EIN 20-0425341 Form 990 (PDF) Claim this org

Athfest Incorporated FY2022 filing

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Provides music and arts education for local youth and the community through programs and events. For fiscal year 2022 it reported $433K in revenue, $262K in expenses, and $720K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Athens, GA
Website
www.athfesteducates.org
Filings
5 on file (2020–2022)
Revenue
$433KFY2022
Expenses
$262K
Net assets
$720K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-0425341 Public charity (501(c)(3)) Athens, GA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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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
Jill Helme · Past Exec Di · $28K
Money in and out
$433K revenue, $262K expenses
Bottom line
83% program efficiency
Where the money goes · FY2022
Total revenue
$433K
Pt VIII · Ln 12
Total expenses
$262K
Pt IX · Ln 25
Net assets
$720K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $172K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs
Operating runway
33.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+40%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$433K
FY2022▲ +78%
Expenses
$262K
FY2022▲ +70%
Total assets
$721K
FY2022▲ +15%
Total liabilities
$2K
FY2022▲ +42%
Total revenue
$433K
Pt VIII · Ln 12
Total expenses
$262K
Pt IX · Ln 25
Net assets
$720K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$172K
Total assetsPt X · Ln 16$721K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

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 1a14
Independent voting membersPt VI · Ln 1b14
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
Past Exec Di
$28,433Pt VII · Sec A
Executive Di
$3,851Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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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Mission & Programs · Part III

Where the work happens

3 program services account for $216K of program spending, described in the organization's own filed words · FY2022.
01

Athfest educates produces the annual athfest music & arts festival. Unfortunately, athfest showcases local, regional and national talent to athens residents and residents of surrounding communities and states.

$193Kprogram expense
02

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

$23Kprogram 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 kidfest component of the athfest music & arts festival.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$206K · 47%
Contributions & grants$117K · 27%
Other revenue$99K · 23%
Investment income$12K · 3%
Program service revenue47%$206K
Contributions & grants27%$117K
Other revenue23%$99K
Investment income3%$12K
— government grantsLn 1e$39K
Total revenueLn 12$433K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$216K
Management & general17%$46K
Total functional expensesLn 25$262K

Balance Sheet

Part X · end of year
CashLn 1$434K
Total assetsLn 16$721K
Total liabilitiesLn 26$2K
Total net assetsLn 32$720K
Months of cash on handcomputed19.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $721K · Operating expenses/yr $262K
33.0 months
Where the money goes
Program services
Program services $216K · Total expenses $262K
83%
Management & General
Management & general $46K · Total expenses $262K
17%
Fundraising
Fundraising $0 · Total expenses $262K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $55K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $117K · Total revenue $433K
27%
Government reliance
Government grants $39K · Total revenue $433K
9%
Earned-income share
Program service revenue $206K · Total revenue $433K
47%
Investment reliance
Investment income $12K · Total revenue $433K
+3%
Program self-sufficiency
Program service revenue $206K · Total expenses $262K
79%
Growth & trend
Revenue growth (YoY)
This year $433K · Prior year $243K
+78%
Net-asset trend (YoY)
End of year $720K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $433K · Expenses $262K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $721K
Net-asset ratio
Net assets $720K · Total assets $721K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $287K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $721K
40%
People & payroll
Highest Reported Total Compensation
Individual Jill Helme · Reported title PAST EXEC DI · Highest reported compensation $28K · Total expenses $262K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $35K · Total expenses $262K
13%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Fundraising cost ratio 0%
Revenue growth 78%
Investment management fee ratio 0.8%
Accounting fee ratio 0.9%

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 · ⤓ 990 PDF
FY2023$641K revenue · ⤓ 990 PDF
FY2022$433K revenue · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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