Celebrate Frederick INC

Frederick, MD · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible Latest data FY2025
Revenue
$369K
▲ +11% vs prior year
Spent
$311K
To programs
93%
Net assets
$610K
By yearFY2020–FY2025
Revenue
$369K
FY2025▲ +11%
Revenue by fiscal year
FY2020$336K
FY2021$50K
FY2022$161K
FY2023$230K
FY2024$334K
FY2025$369K
Expenses
$311K
FY2025▲ +12%
Expenses by fiscal year
FY2020$387K
FY2021$56K
FY2022$163K
FY2023$255K
FY2024$277K
FY2025$311K
Net assets
$610K
FY2025▲ +9%
Net assets by fiscal year
FY2020$521K
FY2021$533K
FY2022$528K
FY2023$492K
FY2024$558K
FY2025$610K

Form 990 for the fiscal year ending March 2025 (IRS tax year 2024).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
2 funders, incl. William E Cross Foundation INC C/O Don Linton
$6K in the latest grant year.
Spent on programs?
93% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +11% vs prior year
Legal name (IRS)Hdr · item CCelebrate Frederick INC
EINHdr · item D52-2131513
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2000
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CFrederick, MD
NTEE classificationIRS BMFArts & Culture (A200)
WebsiteHdr · item Jwww.celebratefrederick.com

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$289K
Management & general7%$22K
Total functional expensesLn 25$311K

Financial health

Program efficiency
93%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
23.8mo
months of highly liquid reserves at operating expense rate▼ -2% vs prior filing year
Surplus margin
+16%
revenue over expenses, this year▼ -7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$619K
FY2025▲ +9%
Total assets by fiscal year
FY2020$527K
FY2021$536K
FY2022$528K
FY2023$531K
FY2024$566K
FY2025$619K
Total liabilities
$9K
FY2025▲ +30%
Total liabilities by fiscal year
FY2020$6K
FY2021$3K
FY2022$875
FY2023$39K
FY2024$7K
FY2025$9K
Revenue less expensesPt I · Ln 19$58K
Total assetsPt X · Ln 16$619K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 421

Balance Sheet

Part X · end of year
CashLn 1$465K
Total assetsLn 16$619K
Total liabilitiesLn 26$9K
Total net assetsLn 32$610K
Months of cash on handcomputed17.9

Statement of Revenue

Part VIII
Program service revenue$205K · 56%
Contributions & grants$125K · 34%
Other revenue$23K · 6%
Investment income$17K · 4%
Program service revenue56%$205K
Contributions & grants34%$125K
Other revenue6%$23K
Investment income4%$17K
Total revenueLn 12$369K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $586K · Operating expenses (Pt IX) $311K · Less non-cash grants $16K · Cash operating expenses/yr $295K
23.8 months
Where the money goes
Program services
Program services $289K · Total expenses $311K
93%
Management & General
Management & general $22K · Total expenses $311K
7%
Fundraising
Fundraising $0 · Total expenses $311K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $108K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $125K · Total revenue $369K
34%
Government reliance
Government grants — · Total revenue $369K
—
Earned-income share
Program service revenue $205K · Total revenue $369K
56%
Investment reliance
Investment income $17K · Total revenue $369K
+4%
Program self-sufficiency
Program service revenue $205K · Total expenses $311K
66%
Growth & trend
Revenue growth (YoY)
This year $369K · Prior year $334K
+11%
Revenue CAGR
FY2019 $336K · FY2024 $369K
+2%
Net-asset trend (YoY)
End of year $610K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $369K · Expenses $311K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $619K
—
Net-asset ratio
Net assets $610K · Total assets $619K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $121K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $619K
20%
People & payroll
Highest Reported Total Compensation
Individual Amy Koch · Reported title PRES. THROUGH 12/24, PAST PRES. THEREAFTER · Highest reported compensation $0 · Total expenses $311K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $311K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%——
Overhead ratio 7%——
Fundraising cost ratio 0%——
Revenue growth 11%——
Accounting fee ratio 4%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Pres. Through 12/24, Past Pres. Thereafter
$0Pt VII · Sec A
VP Through 12/24, Pres. Therafter
$0Pt VII · Sec A
Treasurer Through 12/24, VP Thereafter
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director Through 12/24
$0Pt VII · Sec A
Treasurer Beginning 1/25
$0Pt VII · Sec A
See Celebrate Frederick INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b21
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Organizes cultural events and activities for shared community experiences.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $226K of program spending, described in the organization's own filed words · FY2024.
01

Frederick's 4th

Frederick's 4TH has served as the premier 4TH of july event locally and regionally for over 30 years. Families from the surrounding region enjoy a day packed with free or low-cost activities and entertainment. Dunk a frederick celebrity or race a bath tub down culler lake - there is a little something for everyone.

$109Kprogram expense
02

Summer Concert Series

A sunday night tradition in frederick, these free concerts are held sunday evenings at 7:00 PM in june, july and august. Performances feature local, regional and national acts in a variety of musical genres. Visitors are encouraged to bring a canned food item, in lieu of admission, to benefit the frederick county food bank.

$60Kprogram expense
03

In the Streets

For over 30 years in the streets has been regarded as one of frederick's best annual events! This outstanding outdoor street festival features numerous blocks of continuous entertainment and activities, multiple stages of live music, children's activities, fabulous food, strolling entertainment and more.

$56Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $369K$311K+11% 990 PDF
FY2024 $334K$277K+45% 990 PDF
FY2023 $230K$255K+43% 990 PDF
FY2022 $161K$163K+224% 990 PDF
FY2021 $50K$56K-85% 990 PDF
FY2020 $336K$387K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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
Names, privacy, and removal requests More

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