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Filing year 2024

THE FESTIVAL FOUNDATION

Traverse City, Michigan·EIN 26-0883148·NTEE P20 · Human Services·501(c)(3)
Total revenue
$4.8M
Total assets
$1.5M
Total expenses
$5.1M
Reported officers
12
Mission

SERVE THE COMMUNITY BY PROVIDING PROGRAMS AND EVENTS THAT CELEBRATE, PROMOTE AND EDUCATE THE COMMUNITY ABOUT CHERRIES AND AGRICULTURE AND THEIR IMPORTANCE TO THE GRAND TRAVERSE REGION, COMMUNITY INVOLVEMENT, VOLUNTEERISM, PATRIOTISM, AND THE HISTORY, ART AND CULTURE OF THE GRAND TRAVERSE REGION.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Human Services organizations in Michigan.

Executive Director
75th to 90th percentile
$138k
$149k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 11 unpaid individuals.

Browse compensation in Human Services

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE FESTIVAL FOUNDATION equaled 3% of the organization's total expenses. The median for human services organizations is 8%.

This organization (2024)
3%
Sector median
8%
Middle half of sector
3% to 17%

Based on 26,698 human services 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.

Up 2%
from 2023

From $136k in 2023 to $138k in 2024.

$136k
2023
$138k
2024
In today's dollarsEst.
Down 1% in real terms$150k to $149k

Estimated with BLS CPI-U for the Midwest 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 rose 2% from 2023 to 2024, while revenue fell 11%.

$136k in 2023 to $138k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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 THE FESTIVAL FOUNDATION

What does the Chief Executive Officer of THE FESTIVAL FOUNDATION earn?

In 2024, the Chief Executive Officer of THE FESTIVAL FOUNDATION received $138,463 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Human Services organizations in Michigan, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE FESTIVAL FOUNDATION compare with similar nonprofits?

Compared with the same role at Human Services organizations in Michigan, the 2024 pay of the Chief Executive Officer at THE FESTIVAL FOUNDATION falls between the 75th and 90th percentiles. In 2024, the highest total compensation at THE FESTIVAL FOUNDATION equaled 3% of the organization's total expenses. The median for human services organizations is 8%.

What are THE FESTIVAL FOUNDATION's revenue and expenses?

In 2024, THE FESTIVAL FOUNDATION reported $4.8M in total revenue and $5.1M in total expenses on its IRS Form 990.

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