If it don't make dollars it don't make sense
Our Financial Reports
You don't have to be an Accountant. Here are general financial statements , Budget by program, & general Financial Reports . Official tax reports can be found with the IRS at This Link. (EIN 800373004) Compliance with the Illinois Attorney General Charitable Trust Act at This Link (Windy City Blues Society)
2023 Financial Report Budget
Straight Forward Financials (Work In Progress)
This year we spent $49,905.51
We had Income of $50,369.15
Our 12/31/2021 year ending Bank Account balance was : $2,755.04
Our 12/31/2022 year ending Bank Account balance was : $8,369.31
Our 12/31/2023 year ending Bank Account balance was : $6,554.95
Total charitable Donations = $1875
Killer Blues Headstone Project = $500
King Biscuit Blues Festival = $750
Blues Foundation Membership = $125
Musician Robert Kimbrough Sr. = $200
Flowers for those that have past = $300
Total Pay to Musicians = $28,060
Red White & Blues, Lyons, IL = $9,100
Willow Springs Blues Fest = $13,560
King Biscuit Blues Fest Stage = $1,200
St. Edwards Fall Festival = $1500
Chicago Blues Challenge Band Winners = $1700
Chicago Blues Challenge Solo/Duet Winners = $500
Chicago Blues Challenge Youth Winners = $500
Chicago Blues Festival June 8 - 11th, 2023
Total Income = $10,450
Total Cost = $9,132
(merchandise/Inventory $6,873)
Profit = $1318
Red White & Blues Festival, Lyons, IL. July 1st 2023
Total Income = $824
Total Cost = $789
Profit = $35
Musician Pay from Village of Lyons = $9,650
Willow Springs Blues Festival July 29th 2023
Total Income = $23,830.00
Total Cost = $25,797.80
(merchandise/Inventory $1997)
Loss = $1,967.80
King Biscuit Blues Festival (Quicksand / Buskers Stage) Oct 5th - 7th 2023
Go Fund Me = $572
WCBS Funds = $628
Total Donation = $1200
Chicago Blues Challenge Finals, Buddy Guys Nov 12th 2023
Total Income = $3,883
Other Cost = $1,476
Prize Money = $2,700
Loss = $293
2022 Financial Report Budget
Straight Forward Financials
This year we spent $28,277.22
We had Income of $33,652.38
Our 12/31/2021 year ending Bank Account balance was : $2,755.04
Our 12/31/2022 year ending Bank Account balance was : $8,369.31
Our 12/31/2023 year ending Bank Account balance was : $6,554.95
Windy City Blues Society Program Financial Statements 12/31/2022
The Income shown for each program reflects the actual income from any particular item sold. For example a hoodie sells on line for $50. $10 in shipping, $20 actual item cost, $2 pay pal fee are all subtracted out and only $18 is actual income.
Chicago Blues Festival June 9 - 11th, 2022
Total Income = $4,099
Total Cost = $249
Profit = $3,850
Red White & Blues Festival, Lyons, IL. July 2nd 2022
Total Income = $380
Total Cost = $1310
Total Loss = $930
Musician Pay from Village of Lyons = $12,000
Willow Springs Blues Festival (Chicago Blues Challenge) July 30th 2022
Total Income = $12,172
Total Cost = $9,966
Profit = $2,206
$1500 of the Cost was Prize Money for the Chicago Blues Challenge
Bolingbrook Blues Showcase (Chicago Blues Challenge) Sep 24th 2022
Total Income = $2431
Total Cost = $2431
Profit = $0
$805 of the Cost was Prize Money for the Chicago Blues Challenge
Chicago Blues Challenge Finals, Buddy Guys Nov 13th 2022
Total Income = $2439
Total Cost = $2439
Profit = $0
$940 of the Cost was Prize Money for the Chicago Blues Challenge
Total charitable Donations = $1975
Killer Blues Headstone Project = $750
King Biscuit Blues Festival = $700
Blues Foundation Membership = $125
Musician Vance Kelley = $400
Total Pay to Musicians = $23,449
Red White & Blues, Lyons, IL = $12,000
Willow Springs Blues Fest = $5,139
Bolingbrook Blues Showcase = $1310
St. Edwards Fall Festival = $1500
Chicago Blues Challenge Band Winners = $1900
Chicago Blues Challenge Solo/Duet Winners = $950
Chicago Blues Challenge Youth Winners = $650