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Filing year 2023

FRIENDS OF THE FESTIVAL INC

Chattanooga, Tennessee·EIN 62-1112739·NTEE N52I · Recreation & Sports·501(c)(3)
Total revenue
$724k
Total assets
$1.3M
Total expenses
$830k
Reported officers
13
Mission

AS A 501(C)(3) NON-PROFIT ORGANIZATION, FRIENDS OF THE FESTIVAL FOCUSES ON DEVELOPING, PRODUCING, AND MANAGING COMMUNITY EVENTS IN THE TENNESSEE VALLEY. USING 40+ YEARS OF EXPERIENCE, WE LEND OUR EXPERTISE, RESOURCES, AND PARTNERSHIPS, PROVIDING A FULL SPECTRUM OF SERVICES TO MEET SPECIFIC EVENT PLANNING NEEDS.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Recreation & Sports organizations in Tennessee.

Executive Director
Median to 75th percentile
$100k
$109k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 12 unpaid individuals.

Browse compensation in Recreation & Sports

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at FRIENDS OF THE FESTIVAL INC equaled 12% of the organization's total expenses. The median for recreation & sports organizations is 8%.

This organization (2023)
12%
Sector median
8%
Middle half of sector
4% to 16%

Based on 7,435 recreation & sports organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

$18k

Held steady
from 2022

From $100k in 2022 to $100k in 2023.

$100k
2022
$100k
2023
In today's dollarsEst.
Down 4% in real terms$114k to $109k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay held roughly steady from 2022 to 2023, while revenue fell 67%.

$100k in 2022 to $100k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FRIENDS OF THE FESTIVAL INC

What does the Chief Executive Officer of FRIENDS OF THE FESTIVAL INC earn?

In 2023, the Chief Executive Officer of FRIENDS OF THE FESTIVAL INC received $100,000 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Recreation & Sports organizations in Tennessee, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FRIENDS OF THE FESTIVAL INC compare with similar nonprofits?

Compared with the same role at Recreation & Sports organizations in Tennessee, the 2023 pay of the Chief Executive Officer at FRIENDS OF THE FESTIVAL INC falls between the median and the 75th percentile. In 2023, the highest total compensation at FRIENDS OF THE FESTIVAL INC equaled 12% of the organization's total expenses. The median for recreation & sports organizations is 8%.

What are FRIENDS OF THE FESTIVAL INC's revenue and expenses?

In 2023, FRIENDS OF THE FESTIVAL INC reported $724k in total revenue and $830k in total expenses on its IRS Form 990.

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