CHICAGO FESTIVAL ASSOCIATION

Address
1507 E 53RD STREET
Chicago, IL 60615
Nonprofit
NTEE: N52 - Fairs, County and Other
EIN: 36-4343071

Mission

The Chicago Festival Association is a unique organization that produces high quality, community events for the people of the city of Chicago, our guests and visitors.
 20162015
Basic features of the organization
Year of formation1999
Subsection code04
PF filing required0 
Metropolitan statistical area1602
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$181,500.00$75,000.00
Sum of reportable (W2/1099) compensation$181,500.00$75,000.00
Number of employees94
Number of people compensated >$100k10
Number of volunteers700700
Personnel
Bautista, Edgar
TitleSECRETARYSECRETARY
Name of key/compensated personEdgar BautistaEDGAR BAUTISTA
Position of compensated person
Current individual trustee or directorTrueTrue
Current officerTrueTrue
Average hours per week working for org2.002.00
Reportable compensation from org$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
Average hours per week working for related orgs0.000.00
Hoaglund, Scott
TitlePRESIDENTPRESIDENT
Name of key/compensated personScott HoaglundSCOTT HOAGLUND
Position of compensated person
Current individual trustee or directorTrueTrue
Current officerTrueTrue
Average hours per week working for org2.002.00
Reportable compensation from org$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
Average hours per week working for related orgs0.000.00
Lafever, William
TitleTREASURERTREASURER
Name of key/compensated personWilliam LafeverWILLIAM LAFEVER
Position of compensated person
Current individual trustee or directorTrueTrue
Current officerTrueTrue
Average hours per week working for org2.002.00
Reportable compensation from org$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
Average hours per week working for related orgs0.000.00
Purevich, Philip
TitleExecutive DirectorExecutive Director
Name of key/compensated personPhilip PurevichPhilip Purevich
Position of compensated person
Current individual trustee or director True
Average hours per week working for org40.0040.00
Reportable compensation from org$181,500.00$75,000.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
Average hours per week working for related orgs0.000.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesThe Chicago Festival Association is a unique organization that produces high quality, community events for the people of the city of Chicago, our guests and visitors.The Chicago Festival Association is a unique organization that produces high quality, community events for the people of the city of Chicago, our guests and visitors.
Program service expenses, total$294,148.00$216,988.00
Programs, including revenue & expenses
Parade Production
Program expenses$294,148.00$216,988.00
Program revenue$540,626.00$487,286.00
Program descriptionParade ProductionParade Production
Financial data
Revenue
Total revenue$540,626.00$487,286.00
Revenue from contributions (total) $0.00
Investment income, current yr$0.00$0.00
Total revenue from grants, etc., current yr$0.00$0.00
Total unrelated business revenue$0.00$0.00
Other revenue, current yr$0.00$0.00
Net unrelated business taxable revenue$0.00$0.00
Program service revenue (total)$540,626.00$487,286.00
Gross receipts$540,626.00$487,286.00
Other types of revenue
Net rental income $0.00
Expense categories (totals)
Total functional expenses: sum of all$541,135.00$493,339.00
Total functional expenses: program service $294,148.00$216,988.00
Total functional expenses: management and general$144,076.00$170,833.00
Total functional expenses: fundraising$102,911.00$105,518.00
Fees for services
Legal fees (total)$3,124.00 
Fundraising service fees (total)$0.00$0.00
Assets and liabilities
Total assets$4,242.00$3,705.00
Total assets, beginning of year$3,705.00$9,867.00
Total liabilities$16,488.00$15,442.00
Total liabilities, beginning of year$15,442.00$15,553.00
Net assets-$12,246.00-$11,737.00
Net assets, beginning of year-$11,737.00-$5,686.00
Cash: non-interest bearing$4,242.00$2,581.00
Cash: non-interest bearing, beginning of year$2,581.00$6,497.00
Other financial variables
Revenue less expenses-$509.00-$6,053.00
Advertising (total)$5,816.00$428.00
Accounts payable & accrued expenses$16,488.00$15,442.00
Total net assets or fund balances-$12,246.00-$11,737.00
Depreciation, depletion, amortization$1,123.00$2,246.00
Governance and accountability
Number of voting members33
Number of independent voting members30
Accrual accountingTrueTrue
Tax year start date2016-01-012015-01-01
Tax year end date2016-12-012015-12-01
Indicators for schedules (selected)
Business transaction with employeeTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990
Date e-filing submitted2017-09-202017-01-24
IRS schema version2016v3.02015v2.1
Filing identifier201741359349301404201632949349300313
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