Broadway Festivals INC FY2021 filing

Lubbock, TXUnknown exempt organizationEIN 75-2387813Revenue $297K in FY2021

On file with the IRSbroadwayfestivals.comPo Box 1643 · Lubbock, TX

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To organize, conduct, and finance celebrations in downtown lubbock, texas, to focus attention on the historical significance and overall importance of the central core of lubbock to the community as a whole.

78¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $3K a year · 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$49K
81% of total assets
Concern: liabilities are 81% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$297K
+46% vs prior year
Spent
$273K
To programs
78%
Net assets
$11K
By yearFY2020–FY2025
Revenue
$297K
FY2021▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2020$203K
FY2021$297K
FY2022$316K
FY2023$357K
FY2024$434K
FY2025$10K
Expenses
$273K
FY2021▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2020$200K
FY2021$273K
FY2022$319K
FY2023$309K
FY2024$317K
FY2025$184K
Net assets
$11K
FY2021▲ +190%
Tap a bar for its year
Net assets by fiscal year
FY2020−$13K
FY2021$11K
FY2022$9K
FY2023$57K
FY2024$173K
FY2025$0

From the FY2021 Form 990 (year ending September 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $214K Management & general 22% · $59K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023
Kathleen Sandifer$20,083$28,166$26,313

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Organizes and finances downtown Lubbock celebrations highlighting its historical importance.

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Provided by the organization

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1 program · $214K · in their own filed words · FY2020
01

City wide celebrations, including observation of the fourth of july, benefitting the citizens of lubbock and surrounding communities and invoking an awareness of the area's historical significance.

$214Kprogram 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$8K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$297K
Ln 12
Gifts and grantsLn 1h$255K
Fees for servicesLn 2g$42K
Investment incomeLn 3$65
Money outPt IX
$273K
Ln 25
Programscol B$214K
Managementcol C$59K
Owns and owesPt X
$11K
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$60K
LiabilitiesLn 26$49K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$255K
Government grantsLn 1e$66K
Fees for servicesLn 2g$42K
Investment incomeLn 3$65
Total revenueLn 12$297K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$36K
Cash and savings togetherLn 1–2$41K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$60K
LiabilitiesLn 26$49K
Net assetsLn 32$11K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$35K$41K
Land, buildings, equipmentLn 10c$1K$1K
Total assetsLn 16$51K$60K
LiabilitiesLn 26$63K$49K
Net assetsLn 32−$13K$11K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$20K$20K
Payroll taxesLn 10$2K$2K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$10K$10K
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$9K$6K$3K
OccupancyLn 16$13K$13K
Conferences, conventions and meetingsLn 19$534$534
InterestLn 20$561$561
InsuranceLn 23$20K$10K$9K
Other expenses (24a–d)Ln 24$176K$174K$2K
All other expensesLn 24e$3K$2K$631
Total functional expensesLn 25$273K$214K$59K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10K$184K−$173K$0 990 PDF
FY2024 $434K$317K$116K$173K 990 PDF
FY2023 $357K$309K$48K$57K 990 PDF
FY2022 $316K$319K−$2K$9K 990 PDF
FY2021 Viewing $297K$273K$24K$11K 990 PDF
FY2020 $203K$200K$4K−$13K 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
See the full FY2021 990 (6 parts)
Part I · Summary $297,303 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $201,300$255,406
I-9 Program service revenuePrior year $1,625$41,832
I-10 Investment incomePrior year $326$65
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $203,251$297,303
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,284$21,100
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $189,327$252,097
I-18 Total expensesPrior year $199,611$273,197
I-19 Revenue less expensesPrior year $3,640$24,106
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $297,303 across 6 lines filed
VIII-1e Government grants$66,116
VIII-1f All other contributions, gifts and grants$189,290
VIII-1h Total contributions, gifts and grants$255,406
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $41,832$41,832
VIII-3 Investment incomeExcluded from tax $65$65
VIII-12 Total revenueRelated to mission $41,832 · Unrelated business $0 · Excluded from tax $65$297,303
Part IX · Statement of functional expenses $273,197 across 13 lines filed
IX-7 Other salaries and wagesManagement $19,563$19,563
IX-10 Payroll taxesManagement $1,537$1,537
IX-11b Legal feesManagement $5,535$5,535
IX-11c Accounting feesManagement $3,778$3,778
IX-11g Other fees for servicesPrograms $9,851$9,851
IX-12 Advertising and promotionPrograms $11,711$11,711
IX-13 Office expensesPrograms $6,302 · Management $3,016$9,318
IX-16 OccupancyManagement $12,682$12,682
IX-19 Conferences, conventions and meetingsManagement $534$534
IX-20 InterestManagement $561$561
IX-23 InsurancePrograms $10,207 · Management $9,323$19,530
IX-24 Other expenses (24a–d)Programs $173,674 · Management $2,277$175,951
IX-24e All other expensesPrograms $2,015 · Management $631$2,646
IX-25 Total functional expensesPrograms $213,760 · Management $59,437 · Fundraising $0$273,197
Part X · Balance sheet $60,316 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year −$388$5,141
X-2 Savings and temporary cash investmentsStart of year $35,758$35,824
X-4 Accounts receivableStart of year $14,150$13,443
X-9 Prepaid expenses and deferred charges$4,698
X-10c Land, buildings and equipment, netStart of year $1,210$1,210
X-16 Total assetsStart of year $50,730$60,316
X-17 Accounts payable and accrued expensesStart of year $24,031$6,901
X-24 Unsecured notes and loans payableStart of year $7,190$2,000
X-26 Total liabilitiesStart of year $63,421$48,901
X-27 Net assets without donor restrictionsStart of year −$12,691$11,415
X-32 Total net assets or fund balancesStart of year −$12,691$11,415
X-33 Total liabilities and net assetsStart of year $50,730$60,316
Part XI · Reconciliation of net assets $11,415 net assets at year end
XI-1 Total revenue$297,303
XI-2 Total expenses$273,197
XI-3 Revenue less expenses$24,106
XI-4 Net assets at start of year−$12,691
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,415

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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