PALM COAST, FL

Palm Coast Music Festival Inc.

Quick Facts

EIN: 842655852
Location: PALM COAST, FL
Phone: (386) 569-0643
Category: Arts & Culture
Total Assets: $241K
Annual Income: $258K
IRS Ruling Year: 2019
Organization Type: Non-Operating Foundation
Principal Officer: % Garry Lubi
Tax Deductibility: Contributions are deductible

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About This Foundation

Palm Coast Music Festival Inc. is a private corporation based in PALM COAST, FL. The foundation received its IRS ruling in 2019. The principal officer is % Garry Lubi. It holds total assets of $241K. Annual income is reported at $258K. MUSIC FESTIVAL TO PROVIDE ENTERTAINMENT AND EDUCATE COMMUNITY ABOUT DIFFERENT GENRES OF MUSIC AND SONGWRITING. According to available records, Palm Coast Music Festival Inc. has made 4 grants totaling $14K, with a median grant of $4K. Annual giving has decreased from $13K in 2022 to $930 in 2023. Individual grants have ranged from $200 to $7K, with an average award of $3K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Florida. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Programs & Activities

MUSIC FESTIVAL TO PROVIDE ENTERTAINMENT AND EDUCATE COMMUNITY ABOUT DIFFERENT GENRES OF MUSIC AND SONGWRITING.

Expenses: $100K

Frequently Asked Questions

What does Palm Coast Music Festival Inc. fund?

MUSIC FESTIVAL TO PROVIDE ENTERTAINMENT AND EDUCATE COMMUNITY ABOUT DIFFERENT GENRES OF MUSIC AND SONGWRITING. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in FL.

How much does Palm Coast Music Festival Inc. give in grants?

Palm Coast Music Festival Inc. has distributed a total of $14K across 4 grants. The median grant size is $4K, with an average of $3K. Individual grants have ranged from $200 to $7K.

How do I apply for a grant from Palm Coast Music Festival Inc.?

Palm Coast Music Festival Inc. typically selects its grantees rather than accepting unsolicited proposals.

Where is Palm Coast Music Festival Inc. located?

Palm Coast Music Festival Inc. is headquartered in PALM COAST, FL.

Key People & Compensation (2023)

Name	Title	Compensation	Benefits	Total
Garry Lubi	PRESIDENT	$0	$0	$0
David Ayres	VICE PRESIDE	$0	$0	$0
Barbara Lubi	TREASURER	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$188K

2023+23%

Total Assets

$236K

2023+23%

Fair Market Value

$236K

2023

Net Worth

$236K

2023

Grants Paid

$930

2023

Contributions

$173K

2023

Net Investment Income

2023

Distribution Amount

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Expense Breakdown (2023)

Revenue Sources (2023)

Contributions: $173K
Other Income: $59K

Financial Details (2023)

Total Revenue: $232K
Total Expenses: $188K
Exempt Purpose Expenses: $930
Required Distribution: $0
Undistributed Income: $0
Total Liabilities: $1

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$14K

Average Grant

$3K

Median Grant

$4K

Unique Recipients

Most Common Grant

$7K

Grant Disbursements by Year

Grant Range

Min$200

Max$7K

Median: $4K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

FL$14K (4)

Past Grantees

Recipient	Location	Amount	Year
Early Learning Coalition Of FlaglerEDUCATION	Daytona Beach, FL	$730	2023
Grace Community Food PantryFOOD	Bunnell, FL	$200	2023
Daytona State CollegeCOLLEGE	Daytona Beach, FL	$7K	2022