DeKalb Corn Fest’s Form 990 for 2012 is available, so we can check out Corn Fest’s final year at the airport. There was a major drop in expenses over 2011. Good thing, too. The revenue for 2012 is the lowest in that column, which is particularly shocking in view of Corn Fest’s takeover of the…
Tag: corn fest
Another Example of DeKalb’s Business Friendliness
Remember this, from our financial consultants last April? [I]f you survey potential businesses, would they consider DeKalb business friendly? I don’t know the answer to that question. We have heard anecdotal evidence; some say that DeKalb is one of the most business-unfriendly cities they’ve ever encountered. Well, if that’s the case, economic development will be…
Chronicle’s Corn Fest 2011
DeKalb Corn Fest just filed its IRS Form 990 this month for calendar/fiscal year 2011. Let’s add the numbers to our chart: [table id=75 /] Corn Fest was able to to reduce its costs over the previous year. Unfortunately, its revenues took another dive. This (along with the sorry parking fee revenue total for 2012)…
2012 City Revenues from Corn Fest Parking
According to the City of DeKalb, the total in parking fees collected for Corn Fest 2012 is $16,174. That’s a lot less than the nearly $26,700 collected in 2011 and a sad fraction of the original estimate of $54,000. And remember, if they worked the same deal as last year, 20% of the total goes…
Corn Fest Has a Liquor License. Guess Where the Bar Is?
DeKalb Corn Fest, Inc. now has its own liquor license, and its own special permit to serve liquor at Corn Fest in the great outdoors. My companion and I saw them about 5:30 p.m. We had to request to see these documents, because they weren’t posted anywhere: not at the gate to the beer garden,…
Looking for Corn Fest Financial Postings?
We’re doing a brisk business today in searches for Corn Fest postings, particularly financial reports. Hitting the Corn Fest tag will present them in a pleasing reverse chronology for you. Enjoy!
City Revenues from Corn Fest 2011
We need for DeKalb to collect, at minimum, about $30,000 in Corn Fest annual revenues on behalf of DeKalb Taylor Municipal Airport (DTMA) because that’s what city administrators told the FAA it would do. They also said they’d put these revenues, consisting of sales taxes and parking fees, directly into the airport fund instead of…
Corn Fest Financials Through 2010
DeKalb Corn Fest was lucky to have funds in reserve when it moved from the downtown to DeKalb Taylor Municipal Airport in 2008. [table id=60 /] Except for the “Lady Antebellum boost” in 2009, revenues have been trending downward. Revenues are no longer itemized on the tax forms, so we don’t know which categories have…
Corn Fest Financials
[table id=31 /] 2004-5: No grants were allocated as such for these years but there were expenses listed as “contributions,” of $2,500 and $3,064, respectively. 2006: Yowza. 2007: There was rain and flooding. 2008: This was Corn Fest’s first year at the airport. 2009: Lady Antebellum probably saved their hash. Source: Grant Space Tools
More on Corn Fest & Parking Fees
Here’s a piece of an e-mail from an FAA official to the City of DeKalb about FAA requirements for holding Corn Fest at the airport, which DeKalb County Online got hold of in May: Of particular importance is the amount of money received by the airport from the event. This MUST be some form of…