Maryfest INC EIN 23-7432611

Maryfest INC

EIN  23-7432611 Public charity (501(c)(3)) Marysville, WA
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Size
$100K–1M
What they do
Hosts a June festival, awards scholarships, and supports local nonprofits.
Leadership
Vikki Belmont · Director
Money in and out
$294K revenue, $254K expenses
Bottom line
68% program efficiency

Hosts a June festival, awards scholarships, and supports local nonprofits. For fiscal year 2025 it reported $294K in revenue, $254K in expenses, and $391K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$294K
Pt VIII · Ln 12
Total expenses
$254K
Pt IX · Ln 25
Net assets
$391K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $40K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
20.5mo
months of highly liquid reserves at operating expense rate▲ +10% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▼ -34% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$294K
FY2025▼ -4%
Expenses
$254K
FY2025▲ +4%
Total assets
$391K
FY2025▲ +9%
Total liabilities
$188
FY2025
Total revenue
$294K
Pt VIII · Ln 12
Total expenses
$254K
Pt IX · Ln 25
Net assets
$391K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$40K
Total assetsPt X · Ln 16$391K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $173K of program spending, described in the organization's own filed words · FY2024.
01

The marysville festival and parade attracts over 75,000 plus visitors to our city during our week long festivities. This brings business to our local hotels, restaurants, gas stations and promotes the city as place to come to visit every year.

$149Kprogram expense
02

The strawberry awards scholarships to qualifying students that serve and represent our community as royalty at all community functions and parades that are attended.

$21Kprogram expense
03

These are the parades that we take our float to in washington, oregon and canada and as ambassadors we promote our city and invite everyone to come to marysville for our week long festival. This year we had the largest crowd at our carnival and also at our parade.

$3Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMaryfest INC
EINHdr · item D23-7432611
Principal addressHdr · item CMarysville, WA
WebsiteHdr · item Jwww.maryfest.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A63)
Ruling yearIRS BMFAug 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$167K · 57%
Program service revenue$120K · 41%
Investment income$6K · 2%
Contributions & grants57%$167K
Program service revenue41%$120K
Investment income2%$6K
— government grantsLn 1e$91K
Total revenueLn 12$294K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$173K
Management & general32%$80K
Total functional expensesLn 25$254K

Balance Sheet

Part X · end of year
CashLn 1$198K
Total assetsLn 16$391K
Total liabilitiesLn 26$188
Total net assetsLn 32$391K
Months of cash on handcomputed9.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $354K · Operating expenses (Pt IX) $254K · Less non-cash grants $46K · Cash operating expenses/yr $208K
20.5 months
Where the money goes
Program services
Program services $173K · Total expenses $254K
68%
Management & General
Management & general $80K · Total expenses $254K
32%
Fundraising
Fundraising $0 · Total expenses $254K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $80K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $167K · Total revenue $294K
57%
Government reliance
Government grants $91K · Total revenue $294K
31%
Earned-income share
Program service revenue $120K · Total revenue $294K
41%
Investment reliance
Investment income $6K · Total revenue $294K
+2%
Program self-sufficiency
Program service revenue $120K · Total expenses $254K
47%
Growth & trend
Revenue growth (YoY)
This year $294K · Prior year $306K
-4%
Revenue CAGR
FY2020 $68K · FY2024 $294K
+44%
Net-asset trend (YoY)
End of year $391K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $294K · Expenses $254K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $391K
Net-asset ratio
Net assets $391K · Total assets $391K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $156K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $391K
40%
People & payroll
Highest Reported Total Compensation
Individual Vikki Belmont · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $254K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $254K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Revenue growth -4%
Accounting fee ratio 1%

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.

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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
FY2025 (Latest)$294K revenue · viewing · ⤓ 990 PDF
FY2024$306K revenue · ⤓ 990 PDF
FY2023$203K revenue · ⤓ 990 PDF
FY2022$199K revenue · ⤓ 990 PDF
FY2021$68K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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