Nonprofit · EIN 82-2521395
Y2K INTERNATIONAL LIVE LOOPING FESTIVAL
Tax-exempt · CAPITOLA, CA 95010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2022 | 990-EZ | $2,185 | $0 | $2,185 | $3,070 | – | $3,069 |
| December 31, 2021 | 990-EZ | $884 | – | – | $884 | – | $884 |
Financial details: 990-EZ for the year ended December 31, 2022
Revenue
- Contributions, gifts and grants
- $2,185
Expenses
- Compensation of officers, directors and key employees
- $0
Balance sheet and other
- Total assets, start of year
- $884
- Total assets, end of year
- $3,070
- Total liabilities, end of year
- –
- Net assets, end of year
- $3,069
- Cash, savings and investments
- $3,070
- Gross receipts
- $218
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-EZ for the year ended December 31, 2022, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| George Demarest | Treasurer (acting) | 2 | $0 |
990-EZ for the year ended December 31, 2021: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| George Demarest | Treasurer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 4160 JADE ST SPC 1, CAPITOLA, CA 95010-3926
- In care of
- % BILL WALKER
- Mailing address (990-N for 2025)
- 4160 Jade Street SPC 1, Capitola CA 95010
- Principal officer (990-N for 2025)
- George Demarest, 4160 Jade Street SPC 1, Capitola CA 95010
- Signed the 990-EZ
- George Demarest, Treasurer
- Phone
- (435) 659-6089
- Website
- https://www.y2kloopfest.com/
California records
California keeps its own records of charities and corporations. Search them by EIN 82-2521395 or by the name Y2K INTERNATIONAL LIVE LOOPING FESTIVAL.
- 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 original festival was preceded in 2000 by a series of small local looping festivals but in 2001, Rick decided to put on a Bass Looping Festival as an excuse to showcase London solo bassist, Steve Lawson. Along with famed bassist Michael Manring, several other live looping bassists and several hundred audience members filled the brand new Rio Theater for a free concert. This festival was followed by a 2nd Bass Looping Festival which was the beginning of the Y2K Festival the next year. From the Y2K2 International Live Looping Festival until the present day, the festival has grown and grown, bringing as many as 70 artists from 17 countries in 6 days in 5 cities in Northern California a year. Hundreds of live looping artists have come to the festival from 20 different countries and the festival itself has inspired other live looping festivals in over 20 countries around the world.
Program accomplishments
- Execution of a 4-day international music festival in Santa Cruz, CA. Most activities are executed on a volunteer basis.grants $2,185
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 82-2521395
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A68)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: George Demarest | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: George Demarest | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2023 Officer: George Demarest | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2022 | $2,185 | $0 | $3,070 | XML |
| 990-EZ | December 2021 | $884 | $0 | $884 | XML |
| 990-N for 2020 Officer: Rick Walker | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: Rick Walker | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-2521395).
Questions about Y2K INTERNATIONAL LIVE LOOPING FESTIVAL
- What is the EIN of Y2K INTERNATIONAL LIVE LOOPING FESTIVAL?
- The employer identification number (EIN) of Y2K INTERNATIONAL LIVE LOOPING FESTIVAL is 82-2521395.
- Is Y2K INTERNATIONAL LIVE LOOPING FESTIVAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to Y2K INTERNATIONAL LIVE LOOPING FESTIVAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does Y2K INTERNATIONAL LIVE LOOPING FESTIVAL file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of Y2K INTERNATIONAL LIVE LOOPING FESTIVAL due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did Y2K INTERNATIONAL LIVE LOOPING FESTIVAL last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of Y2K INTERNATIONAL LIVE LOOPING FESTIVAL?
- The 990-N for 2025 names George Demarest.
- Who are the officers and directors of Y2K INTERNATIONAL LIVE LOOPING FESTIVAL?
- The 990-EZ for the year ended December 31, 2022 lists 1 person; 0 received compensation from the organization.
- How much revenue does Y2K INTERNATIONAL LIVE LOOPING FESTIVAL have?
- On its 990-EZ for the year ended December 31, 2022 it reported revenue of $2,185, expenses of $0 and total assets of $3,070 at year end.
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All nonprofits in CAPITOLA · California · Arts, culture and humanities