Nonprofit · EIN 77-0314562
VENTURA MUSIC FESTIVAL ASSOCIATION INC
Tax-exempt · VENTURA, CA 93001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $423,602 | $905,433 | -$481,831 | $2,987,619 | $51,625 | $2,935,994 |
| December 31, 2023 | 990 | $853,838 | $641,880 | $211,958 | $3,168,773 | $16,534 | $3,152,239 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $198,669
- of which government grants
- $64,852
- Program service revenue
- $142,155
- Investment income
- $84,489
- Net gain from sales of assets
- $1,118
- Net income from fundraising events
- -$1,711
- Other revenue
- -$1,711
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $115,000
- Other salaries and wages
- $124,290
- Salaries, compensation and benefits (total)
- $299,734
- Professional fundraising fees
- $0
- Legal fees
- $1,020
- Accounting fees
- $10,918
- Occupancy
- $16,472
- Travel
- $15,942
- Depreciation
- $3,819
- Program services (functional)
- $710,576
- Management and general (functional)
- $134,631
- Fundraising (functional)
- $60,226
Balance sheet and other
- Total assets, start of year
- $3,168,773
- Total assets, end of year
- $2,987,619
- Total liabilities, end of year
- $51,625
- Net assets, end of year
- $2,935,994
- Publicly traded securities
- $2,789,694
- Net assets without donor restrictions
- $2,935,994
- Gross receipts
- $425,613
- Employees
- 6
- Volunteers
- 11
- Year formed
- 1994
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LALE WELSH | EXECUTIVE DI Trustee or director | 50 | $115,000 |
| MICHAEL BOYKO | DIRECTOR Trustee or director | 1 | $0 |
| BETSY CHESS | DIRECTOR Trustee or director | 1 | $0 |
| DOUG HALTER | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA LATHROP-MCPHERSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| STEVE PERREN | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD REISMAN | CHAIR Trustee or director, Officer | 1 | $0 |
| TIMOTHY SMITH | TREASURER Trustee or director, Officer | 1 | $0 |
| BRADLEY TABACH-BANK | DIRECTOR Trustee or director | 1 | $0 |
| JAIME VELEZ | DIRECTOR Trustee or director | 1 | $0 |
| S BLAKE WADE | DIRECTOR Trustee or director | 1 | $0 |
| ROZ WARNER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LALE WELSH | EXECUTIVE DIRECTOR | 50 | $110,000 |
| GRACE MOONEY | MEDIA & OUTREACH DIRECTOR | 40 | $66,560 |
| NUVI MEHTA | ARTISTIC DIRECTOR | 13 | $48,000 |
| BRADLEY TABACH-BANK | Director Trustee or director | 1 | $0 |
| PATRICIA LATHROP-MCPHERSON | Secretary Trustee or director, Officer | 1 | $0 |
| RICHARD REISMAN | Chairman Trustee or director | 1 | $0 |
| TIMOTHY SMITH | Treasurer Trustee or director, Officer | 1 | $0 |
| MICHAEL BOYKO | Director Trustee or director | 1 | $0 |
| BETSY CHESS | Director Trustee or director | 2.5 | $0 |
| DOUG HALTER | Director Trustee or director | 1 | $0 |
| ERIC OLTMANN | Director Trustee or director | 1 | $0 |
| STEVE PERREN | Director Trustee or director | 1 | $0 |
| S BLAKE WADE | Director Trustee or director | 1 | $0 |
| ROZ WARNER | Director Trustee or director | 1 | $0 |
| JAIME VELEZ | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 701 E SANTA CLARA ST, VENTURA, CA 93001-5972
- Principal officer (990 for 2024)
- LALE WELSH, 701 EAST SANTA CLARA STREET, VENTURA, CA 93001
- Signed the 990
- LALE WELSH, EXECUTIVE DIRECTOR
- Phone
- (805) 648-3146
- Website
- VENTURAMUSICFESTIVAL.ORG
- Return prepared by
- ALLISON & GIBB LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 77-0314562 or by the name VENTURA MUSIC FESTIVAL ASSOCIATION INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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.
Program accomplishments
- 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.Expenses $710,576 · revenue $142,155
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 77-0314562
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99Z)
- Assets (IRS master file)
- $2,987,619
- Income (IRS master file)
- $425,613
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $423,602 | $905,433 | $2,987,619 | XML |
| 990 | December 2023 | $853,838 | $641,880 | $3,168,773 | XML |
| 990 | December 2022 | $316,708 | $480,820 | $2,948,088 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 77-0314562).
Questions about VENTURA MUSIC FESTIVAL ASSOCIATION INC
- What is the EIN of VENTURA MUSIC FESTIVAL ASSOCIATION INC?
- The employer identification number (EIN) of VENTURA MUSIC FESTIVAL ASSOCIATION INC is 77-0314562.
- Is VENTURA MUSIC FESTIVAL ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to VENTURA MUSIC FESTIVAL ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VENTURA MUSIC FESTIVAL ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VENTURA MUSIC FESTIVAL ASSOCIATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VENTURA MUSIC FESTIVAL ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VENTURA MUSIC FESTIVAL ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names LALE WELSH.
- Who are the officers and directors of VENTURA MUSIC FESTIVAL ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $115,000 (LALE WELSH, EXECUTIVE DI).
- How much revenue does VENTURA MUSIC FESTIVAL ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $423,602, expenses of $905,433 and total assets of $2,987,619 at year end.
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All nonprofits in VENTURA · California · Philanthropy, voluntarism and grantmaking foundations