FINANCIAL SUMMARY |
EXPENSES - $ 8,867,832 |
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Food & Beverage - $1,710,395 |
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Performers - $1,366,398 |
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Festival Operating Expenses - $2,198,535 |
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Salary & Benefits/General & Administrative/Depreciation- $2,332,862 |
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Advertising & Promotion - $1,027,301 |
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Banana Factory Activities - $217,866 |
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Banana Factory Interest - $5,475 |
REVENUES - $ 8,347,624
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In-Kind Contributions - $1,087,225 |
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Public Contributions & Grants - $970,229 |
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Festival Activities - $5,732,626 |
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Interest - $7,255 |
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Other - $5,422 |
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Banana Factory Revenue - $544,867 |
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Note: The ArtsQuest Foundation received pledges and donations in 2004 totaling $952,757. Under IRS regulations and accepted accounting procedures, the financial statement and nonprofit tax return of the ArtsQuest Foundation is consolidated with the financial statement and return of ArtsQuest. Thus in 2004, ArtsQuest had a loss on operations but a net income of $432,549 when the donations to the Foundation are included in the financial statement.
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