HOLLAND TULIP TIME FESTIVAL INC

EIN: 381266660 501(c)(3) Arts, Culture & Humanities

HOLLAND, MI

Total Revenue
$2,386,508
Total Expenses
$2,368,378
Total Assets
$1,552,597
Net Assets
$1,212,846
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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
MI
Principal Officer
GWEN AUWERDA
Phone
6163964221
Tax Period
2024-10-01 to 2025-09-30

HOLLAND TULIP TIME FESTIVAL INC, founded in 1948, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2024.

Mission

TO OPERATE A TULIP TIME FESTIVAL, WHICH CELEBRATES AND COMMEMORATES THE HOLLAND, MICHIGAN AREA'S DUTCH HERITAGE AND THE TULIP.

Program Service Accomplishments

Program 1
Expenses: $1,914,382 Revenue: $1,600,188

THE HOLLAND TULIP TIME FESTIVAL, INC. IS A MICHIGAN NON-PROFIT CORPORATION WHICH PLANS AN ANNUAL FESTIVAL CENTERED AROUND DUTCH HERITAGE AND THE TULIP FOR THE PURPOSE OF PROMOTING THE HOLLAND...

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THE HOLLAND TULIP TIME FESTIVAL, INC. IS A MICHIGAN NON-PROFIT CORPORATION WHICH PLANS AN ANNUAL FESTIVAL CENTERED AROUND DUTCH HERITAGE AND THE TULIP FOR THE PURPOSE OF PROMOTING THE HOLLAND, MICHIGAN AREA AND ITS CITIZENS. THE FESTIVAL CELEBRATES AND COMMEMORATES THE FOUNDING OF HOLLAND AS A COMMUNITY AND THE TULIP AS A CULTURAL ICON FOR THE AREA. THE FESTIVAL INCLUDES MUSICAL PRESENTATIONS, DUTCH DANCING, PARADES, AND OTHER EVENTS WHICH EDUCATE CITIZENS AND VISITORS ON DUTCH TRADITIONS AND OBSERVANCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $645,561
Program Service Revenue $1,600,188
Investment Income $37,041
Other Revenue $103,718
TOTAL REVENUE $2,386,508

Expense Breakdown

Grants Paid $0
Salaries & Benefits $517,799
Fundraising Expenses $200,275
Program Expenses $1,914,382
Other Expenses $1,850,579
TOTAL EXPENSES $2,368,378

Year-over-Year Comparison

2024 2023 Change
Revenue $2,386,508 $2,381,122 +0.0%
Expenses $2,368,378 $2,223,758 +0.1%
Net Income $18,130 $157,364 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
17
Volunteers
1461

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$175,576
Total Directors
13
$175,576
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GWEN AUWERDA EXECUTIVE DI 40.00
Officer Director
$159,391 $16,185 $175,576
BILL BADRAN DIRECTOR 2.00
Director
$0 $0 $0
DUNCAN BOCKS CHAIR 4.00
Officer Director
$0 $0 $0
ROSEMARY ERVINE PAST CHAIR 4.00
Officer Director
$0 $0 $0
DARCY FLUHARTY 1ST VICE CHA 4.00
Officer Director
$0 $0 $0
LINDA HART DIRECTOR 2.00
Director
$0 $0 $0
ANDY KENYON DIRECTOR 2.00
Director
$0 $0 $0
SARAH PHILLIPS 2ND VICE CHA 4.00
Officer Director
$0 $0 $0
SANDRA PIERCE DIRECTOR 2.00
Director
$0 $0 $0
LEANNE SCHAEFFER DIRECTOR 2.00
Director
$0 $0 $0
COLLEEN SCHIPSI TREASURER 4.00
Officer Director
$0 $0 $0
SCOTT STENSTROM DIRECTOR 2.00
Director
$0 $0 $0
ILIANA VASQUEZ-OCHOA DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,386,508 $2,368,378 $1,552,597 $18,130
2024 $2,381,122 $2,223,758 $1,558,627 $157,364
2023 $2,207,908 $2,120,221 $1,461,413 $87,687
2022 $1,752,331 $1,736,853 $1,138,959 $15,478
2021 $903,726 $794,981 $1,321,259 $108,745
2020 $1,568,788 $1,099,920 $1,434,592 $468,868
2019 $2,260,833 $2,288,625 $509,321 $-27,792
2018 $2,049,737 $2,158,963 $498,958 $-109,226
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