2025-11-17T02:31:17-05:00 2024-12-31 475278347 ALLISON & GIBB LLP 31351 VIA COLINAS STE 202 WESTLAKE VILLAGE CA 913624561 990 2024-01-01 770314562 VENTURA MUSIC FESTIVAL ASSOCIATION VENT 8056483146 701 EAST SANTA CLARA ST VENTURA CA 93001 LALE WELSH EXECUTIVE DIRECTOR 8056483146 2025-11-14 true true LISA A ALLISON P01971329 8183946689 2025-11-16 2024 2025-03-06 01:10:19Z LALE WELSH 701 EAST SANTA CLARA STREET VENTURA CA 93001 425613 false X VENTURAMUSICFESTIVAL.ORG X 1994 CA THE VENTURA MUSIC FESTIVAL (VMF) PRESENTS AND PRODUCES LIVE MUSICAL PERFORMANCES THAT INSPIRE, EDUCATE, AND ENTERTAIN. VMF IS DEDICATED TO PROVIDING MUSIC EDUCATON TO SCHOOLS K-12 AND PROMOTES CULTURAL DIVERSITY, ARTISTIC GROWTH, AND MEANINGFUL CONNECTIONS THROUGH THE UNIFYING POWER OF MUSIC. 12 11 6 11 0 137458 198669 97906 142155 149176 84489 14705 -1711 399245 423602 0 0 189290 299734 0 60226 452590 605699 641880 905433 -242635 -481831 3168773 2987619 16534 51625 3152239 2935994 X THE VENTURA MUSIC FESTIVAL (VMF) PRESENTS AND PRODUCES LIVE MUSICAL PERFORMANCES THAT INSPIRE, EDUCATE, AND ENTERTAIN. VMF IS DEDICATED TO PROVIDING MUSIC EDUCATON TO SCHOOLS K-12 AND PROMOTES CULTURAL DIVERSITY, ARTISTIC GROWTH, AND MEANINGFUL CONNECTIONS THROUGH THE UNIFYING POWER OF MUSIC. false false 710576 142155 THE VENTURA FESTIVAL STANDS AS ONE OF THE COUNTY'S SIGNATURE EVENTS, ATTRACTING UPWARDS OF 6,000 CONCERTGOERS DURING TWO WEEKENDS OF JULY. THE FESTIVAL PRESENTS THE FINEST MUSICIANS PERFORMING THE WORLD'S GREATEST MUSIC AT SEVERAL VENUES AND ENCOURAGES A PERSONAL RELATIONSHIP BETWEEN THE AUDIENCE AND PERFORMERS. THE VENTURA FESTIVAL STANDS AS ONE OF THE COUNTY'S SIGNATURE EVENTS, ATTRACTING UPWARDS OF 6,000 CONCERTGOERS DURING TWO WEEKENDS OF JULY. THE FESTIVAL PRESENTS THE FINEST MUSICIANS PERFORMING THE WORLD'S GREATES MUSIC AT SEVERAL VENUES AND ENCOURAGES A PERSONAL RELATIONSHIP BETWEEN THE AUDIENCE AND PERFORMERS. 710576 true true false false false false false false false true true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 23 0 true 6 true false false false false false false false false X 12 11 false false false false false false false true true false false false true true true true false true false false CA X X VENTURA MUSIC FESTIVAL ASSOCIATION 8056483146 701 EAST SANTA CLARA ST VENTURA CA 93001 LALE WELSH EXECUTIVE DI 50.00 X 115000 0 0 MICHAEL BOYKO DIRECTOR 1.00 X 0 0 0 BETSY CHESS DIRECTOR 1.00 X 0 0 0 DOUG HALTER DIRECTOR 1.00 X 0 0 0 PATRICIA LATHROP-MCPHERSON SECRETARY 1.00 X X 0 0 0 STEVE PERREN DIRECTOR 1.00 X 0 0 0 RICHARD REISMAN CHAIR 1.00 X X 0 0 0 TIMOTHY SMITH TREASURER 1.00 X X 0 0 0 BRADLEY TABACH-BANK DIRECTOR 1.00 X 0 0 0 JAIME VELEZ DIRECTOR 1.00 X 0 0 0 S BLAKE WADE DIRECTOR 1.00 X 0 0 0 ROZ WARNER DIRECTOR 1.00 X 0 0 0 115000 1 false false false 64852 133817 198669 TICKET SALES 711130 134697 134697 PROGRAM SERVICE REVENUE 711130 5498 5498 CONCESSION REVENUE 711130 1960 1960 142155 83371 83371 1118 1118 1118 1118 300 2011 -1711 423602 142155 84489 X 115000 69000 23000 23000 8166 4900 1633 1633 124290 106392 12280 5618 30480 22207 4547 3726 21798 15881 3252 2665 1020 1020 10918 10918 40280 40280 379629 364624 11178 3827 20444 20444 29761 16616 1215 11930 1567 1567 16472 3294 13178 15942 14348 1594 10814 10814 3819 3819 5134 5134 DEVELOPMENT 33122 26264 625 6233 FACILITIES & EQUIPMENT 21633 21633 DUES & SUBSCRIPTIONS 6667 6667 BANK & MERCHANT FEES 5734 5298 436 2743 2194 549 905433 710576 134631 60226 183318 49649 47721 75866 12244 12244 3819 2981636 2789694 24689 3168773 2987619 16534 7540 36000 8085 16534 51625 X 3127239 2935994 25000 3152239 2935994 3168773 2987619 -481831 254887 10699 X false false X 161246 282538 160746 142411 160192 907133 161246 282538 160746 142411 160192 907133 124240 782893 50955 79679 77815 93670 83371 385490 1292623 142455 0.60570 0.72600 X SUPPORTING SCHEDULE ONE TIME BEQUEST 1,330,000 CREDITS RECEIVED 38,477 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2916480 277957 300000 40280 2854157 2557009 5000 536868 151907 30491 2916480 3238550 -513949 4418 139000 24174 2557009 2972228 451947 170000 15625 3238550 1334673 1300000 496098 140000 18543 2972228 0.99130 0.00870 true false 11331 11331 913 913 TAX WITHHOLDING LIABILITIES 8085 8085 SCHEDULE D, PAGE 2, PART V, LINE 4 IN 2007, THE ASSOCIATION ESTABLISHED AN ENDOWMENT FUND PROGRAM TO INVEST FUNDS WITH THE VENTURA COUNTY COMMUNITY FOUNDATION (THE "FOUNDATION"). THE FOUNDATION IS A SEPARATE, INDEPENDENT ORGANIZATION FORMED TO PROVIDE A VEHICLE THROUGH WHICH CONTRIBUTIONS AND BEQUESTS CAN BE MADE FOR CHARITABLE, EDUCATIONAL, AND RELATED PURPOSES, AND TO ENSURE SUCH FUNDS ARE ADMINISTERED AND DISTRIBUTED BY A COMPETENT AND INDEPENDENT ENTITY. AMOUNTS INVESTED IN THE FOUNDATION ARE POOLED FOR INVESTMENT PURPOSES AND ARE ACCOUNTED FOR AT FAIR VALUE. AFTER REACHING A 10,000 FUND BALANCE, THE INCOME EARNED ON THE ENDOWMENT FUND, NET OF RELATED FEES, CAN BE WITHDRAWN BY THE ASSOCIATION FOR ITS USE ON AN ANNUAL BASIS BY WRITTEN CONSENT OF ITS BOARD OF DIRECTORS. IN ADDITION, THE ORIGINAL PRINCIPAL INVESTED BY THE ASSOCIATION CAN BE WITHDRAWN WITH THE WRITTEN CONSENT OF A TWO-THIRDS MAJORITY OF THE BOARD OF DIRECTORS, AT A RATE OF NO MORE THAN 25% OF THE ORIGINAL PRINCIPAL PER CALENDAR YEAR. THE INVESTMENT EARNINGS ON THE ORIGINAL PRINCIPAL REPRESENT A BOARD- DESIGNATED ENDOWMENT AND ARE NOT SUBJECT TO DONOR-IMPOSED RESTRICTIONS. THEREFORE, THIS FUND IS CONSIDERED UNRESTRICTED AND MAY BE USED TOWARD ANY GENERAL PURPOSE OF THE ASSOCIATION, INCLUDING BUT NOT LIMITED TO LIVE MUSIC, MUSIC EDUCATION, AND MENTAL HEALTH AND MUSIC PROGRAMS (ADDED AS OF 2025). A BOARD-DESIGNATED UNRESTRICTED ENDOWMENT WAS ALSO ESTABLISHED IN 2018, PROVIDING FOR A 5% ANNUAL MINIMUM DISTRIBUTION FOR OPERATIONS. IN 2023, THE BOARD INCREASED THE ALLOWABLE ANNUAL DRAW FROM 5% TO 10%. FORM 990 - ORGANIZATION'S MISSION THE VENTURA MUSIC FESTIVAL (VMF) PRESENTS AND PRODUCES LIVE MUSICAL PERFORMANCES THAT INSPIRE, EDUCATE, AND ENTERTAIN. VMF IS DEDICATED TO PROVIDING MUSIC EDUCATON TO SCHOOLS K-12 AND PROMOTES CULTURAL DIVERSITY, ARTISTIC GROWTH, AND MEANINGFUL CONNECTIONS THROUGH THE UNIFYING POWER OF MUSIC. FORM 990, PAGE 2, PART III, LINE 4D THE VENTURA FESTIVAL STANDS AS ONE OF THE COUNTY'S SIGNATURE EVENTS, ATTRACTING UPWARDS OF 6,000 CONCERTGOERS DURING TWO WEEKENDS OF JULY. THE FESTIVAL PRESENTS THE FINEST MUSICIANS PERFORMING THE WORLD'S GREATES MUSIC AT SEVERAL VENUES AND ENCOURAGES A PERSONAL RELATIONSHIP BETWEEN THE AUDIENCE AND PERFORMERS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS INITIALLY REVIEWED BY THE EXECUTIVE DIRECTOR AND ACCOUNTANT, THEN PROVIDED TO THE BOARD MEMBERS PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED ANNUALLY TO ALL BOARD MEMBERS TO COMPLETE DURING THE BOARD RETREAT, WHICH NORMALLY OCCURS IN JANUARY. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APROVES THE EXECUTIVE DIRECTOR'S COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 18 FORM 990 FOR THE REQUIRED YEARS IS AVAILABLE FOR REVIEW DURING REGULAR BUSINESS HOURS AND COPIES ARE PROVIDED UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE LOCATED AT 472 EAST SANTA CLARA STREET, VENTURA, CA, AND ARE AVAILABLE FOR REVIEW DURING REGULAR HOURS AND COPIES ARE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G PRODUCTION FEES 179,685 0 0 ARTISTS & MUSICIANS 160,450 0 0 CONSULTANTS 20,347 8,367 3,827 PAYROLL PROCESSING FEES 0 2,811 0 OUTSIDE SERVICES 4,142 0 0 TOTAL 364,624 11,178 3,827