Winterfest INC FY2024 filing

Not tax-deductible

Ft Lauderdale, FL501(c)(4)Since 1988 EIN 65-0059092Revenue $2.1M in FY2024

On file with the IRSwinterfestparade.com512 Ne 3rd Ave, 33301-3236 · Ft Lauderdale, FLTax-exempt since May 1990

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To provide quality, wholesome family entertainment while creating national attention for the Greater Fort Lauderdale destination. Most significant activity is the Seminole Hard Rock Winterfest

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
91¢ of each $1 spent went to programs.
$217K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $150K a year · 8% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$217K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$146K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
48
of 48 voting members
Looks good: 48 of 48 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+4% vs prior year
Spent
$1.7M
To programs
91%
Net assets
$1.7M
By yearFY2021–FY2026
Revenue
$2.1M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$653K
FY2022$1.8M
FY2023$2.0M
FY2024$2.1M
FY2025$2.2M
FY2026$2.1M
Expenses
$1.7M
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2021$674K
FY2022$1.4M
FY2023$1.9M
FY2024$1.7M
FY2025$2.2M
FY2026$2.0M
Net assets
$1.7M
FY2024▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2021$880K
FY2022$1.2M
FY2023$1.3M
FY2024$1.7M
FY2025$1.7M
FY2026$1.8M

From the FY2024 Form 990 (year ending January 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in May 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $1.6M Management & general 9% · $154K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

46 people listed on the 990; $217K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President/CEO
$216,948Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
Lisa B Scott-Founds$206,863$209,034$216,948$219,448$163,031$187,891

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Entertains families and promotes Fort Lauderdale through events like the Winterfest Boat Parade.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2023
01

Winterfest's main program event is the Fort Lauderdale Boat Parade. The purpose is to promote the Greater Fort Lauderdale area. The Boat Parade provides a major holiday event with an estimated attendance of 1 million and local and national media coverage.

$1.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$1.6M
Other incomeLn 4–11$501K
Investment incomeLn 3$15K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.6M
Managementcol C$154K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.8M
LiabilitiesLn 26$146K
PeoplePt VI, VII
46
listed · VII A
PaidVII A1
Voting boardVI 1a48
IndependentVI 1b48
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$15K
Other incomeLn 4–11$501K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$616K
SavingsLn 2$505K
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$540
Other assetsLn 15$17K
Total assetsLn 16$1.8M
LiabilitiesLn 26$146K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 53
VolunteersI 6300
Fiscal year endsHeaderJanuary
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$960K$1.1M
Land, buildings, equipmentLn 10c$1K$540
Total assetsLn 16$1.4M$1.8M
LiabilitiesLn 26$99K$146K
Net assetsLn 32$1.3M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16K$16K
Pay of current officers, directors and key staffLn 5$217K$195K$22K$0
Other salaries and wagesLn 7$215K$183K$32K$0
Pension plan contributionsLn 8$10K$9K$1K$0
Other employee benefitsLn 9$57K$49K$7K$0
Payroll taxesLn 10$30K$26K$4K$0
Accounting feesLn 11c$6K$0$6K$0
Other fees for servicesLn 11g$41K$41K$0$0
Advertising and promotionLn 12$155K$155K$0$0
Office expensesLn 13$80K$12K$69K$0
Information technologyLn 14$19K$19K$0$0
OccupancyLn 16$23K$20K$3K$0
TravelLn 17$13K$13K$0$0
Conferences, conventions and meetingsLn 19$55K$52K$3K$0
Depreciation, depletion and amortizationLn 22$646$0$646$0
InsuranceLn 23$22K$17K$5K$0
Other expenses (24a–d)Ln 24$666K$666K$664$0
All other expensesLn 24e$93K$93K$0$0
Total functional expensesLn 25$1.7M$1.6M$154K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $2.1M$2.0M$82K$1.8M 990 PDF
FY2025 $2.2M$2.2M$19K$1.7M 990 PDF
FY2024 Viewing $2.1M$1.7M$382K$1.7M 990 PDF
FY2023 $2.0M$1.9M$112K$1.3M 990 PDF
FY2022 $1.8M$1.4M$328K$1.2M 990 PDF
FY2021 $653K$674K−$21K$880K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,102,345 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,641,407$1,586,095
I-10 Investment incomePrior year $2,575$14,906
I-11 Other revenuePrior year $374,138$501,344
I-12 Total revenuePrior year $2,018,120$2,102,345
I-13 Grants and similar amounts paidPrior year $4,563$15,967
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $521,537$528,392
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,380,397$1,175,622
I-18 Total expensesPrior year $1,906,497$1,719,981
I-19 Revenue less expensesPrior year $111,623$382,364
Part VI · Governance 48 of 48 board members independent, 3 to look at
VI-1a Voting members of the governing body48
VI-1b Independent voting members48
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,102,345 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,586,095
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $14,906$14,906
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $501,344$501,344
VIII-12 Total revenueRelated to mission $1,586,095 · Unrelated business $0 · Excluded from tax $516,250$2,102,345
Part IX · Statement of functional expenses $1,719,981 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $15,967$15,967
IX-5 Pay of current officers, directors and key staffPrograms $195,209 · Management $21,690 · Fundraising $0$216,899
IX-7 Other salaries and wagesPrograms $183,150 · Management $32,321 · Fundraising $0$215,471
IX-8 Pension plan contributionsPrograms $8,592 · Management $1,226 · Fundraising $0$9,818
IX-9 Other employee benefitsPrograms $49,447 · Management $7,059 · Fundraising $0$56,506
IX-10 Payroll taxesPrograms $25,988 · Management $3,710 · Fundraising $0$29,698
IX-11c Accounting feesPrograms $0 · Management $6,400 · Fundraising $0$6,400
IX-11g Other fees for servicesPrograms $41,452 · Management $0 · Fundraising $0$41,452
IX-12 Advertising and promotionPrograms $155,391 · Management $0 · Fundraising $0$155,391
IX-13 Office expensesPrograms $11,510 · Management $68,514 · Fundraising $0$80,024
IX-14 Information technologyPrograms $19,301 · Management $0 · Fundraising $0$19,301
IX-16 OccupancyPrograms $19,556 · Management $3,184 · Fundraising $0$22,740
IX-17 TravelPrograms $12,501 · Management $0 · Fundraising $0$12,501
IX-19 Conferences, conventions and meetingsPrograms $52,160 · Management $3,103 · Fundraising $0$55,263
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $646 · Fundraising $0$646
IX-23 InsurancePrograms $17,174 · Management $5,136 · Fundraising $0$22,310
IX-24 Other expenses (24a–d)Programs $665,526 · Management $664 · Fundraising $0$666,190
IX-24e All other expensesPrograms $93,404 · Management $0 · Fundraising $0$93,404
IX-25 Total functional expensesPrograms $1,566,328 · Management $153,653 · Fundraising $0$1,719,981
Part X · Balance sheet $1,847,366 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $669,354$616,043
X-2 Savings and temporary cash investmentsStart of year $290,820$505,159
X-4 Accounts receivableStart of year $406,052$452,024
X-9 Prepaid expenses and deferred chargesStart of year $46,610$256,248
X-10c Land, buildings and equipment, netStart of year $1,186$540
X-15 Other assetsStart of year $3,614$17,352
X-16 Total assetsStart of year $1,417,636$1,847,366
X-17 Accounts payable and accrued expensesStart of year $94,955$124,366
X-19 Deferred revenue$4,100
X-24 Unsecured notes and loans payableStart of year $4,023$17,878
X-26 Total liabilitiesStart of year $98,978$146,344
X-27 Net assets without donor restrictionsStart of year $1,318,658$1,701,022
X-32 Total net assets or fund balancesStart of year $1,318,658$1,701,022
X-33 Total liabilities and net assetsStart of year $1,417,636$1,847,366
Part XI · Reconciliation of net assets $1,701,022 net assets at year end
XI-1 Total revenue$2,102,345
XI-2 Total expenses$1,719,981
XI-3 Revenue less expenses$382,364
XI-4 Net assets at start of year$1,318,658
XI-10 Net assets at end of year$1,701,022

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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