Our Finances

Finances always seem to be such a hot topic.  Everyone always seems to want to keep things secret.  We have no idea why.  If you are honest about what you are doing, we think releasing financial information helps build trust.  So here goes:

Our foundation has a working relationship with Festivals Unlimited, Inc., a privately held company with no one affiliated with our foundation.  They produce great events and are very experienced.  Being "normal" Americans, they also go out of their way to make as much money as possible, while still putting on great events.  With their help, we now produce two Cincy Beerfests and two Columbus Beerfests each year.  And we are investigating several more cities right now.  Our foundation is legally responsible for everything at these events.  Bill Hulsizer signs the liquor permits and is personally responsible (of course we have a $3,000,000 insurance policy on each event, too).  That's why he attends every event and is always on the lookout for any potential issues.  So far we've had none and we want to keep it that way.  Our events are celebrations of fine craft beers and life in general.  We want everyone to be happy.

So, here are the high-level results of our Beerfests.  Prior to 2010, the beerfests were produced by Festivals Unlimited and we got a donation from them.  These were much smaller and we don't have full financial results for them.

September 7 & 8, 2012 - Cincinnati Summer Beerfest

Total Income ----------------------   $98,590.60

Total Expenses ------------------   $95,994.48

Net Profit ----------------------------     $2,596.12

August 25, 2012 - Columbus Summer Beerfest

Total Income ---------------------- $156,898.40

Total Expenses ------------------ $149,291.67

Net Profit ----------------------------     $7,606.73

February 10 & 11, 2012 - Cincinnati Winter Beerfest

Total Income ---------------------- $417,565.38

Total Expenses ------------------ $393,483.06

Net Profit ----------------------------   $24,082.32

January 13 & 14, 2012 - Columbus Winter Beerfest

Total Income ---------------------- $213,060.00

Total Expenses ------------------ $195,466.17

Net Profit ----------------------------   $17,593.83

May 20 & 21, 2011 - Columbus Summer Beerfest

Total Income ---------------------- $144,159.00

Total Expenses ------------------ $139,806.42

Net Profit ----------------------------     $4,352.58

February 11 & 12, 2011 - Cincy Winter Beerfest

Total Income ---------------------- $191,502.53  

Total expenses ------------------ $178,730.87

Net Profit ---------------------------    $12,771.66

January 14 & 15, 2011 - Columbus Winter Beerfest

Total Income ---------------------- $142,297.00

Total Expenses ------------------ $133,602.44

Net Profit  ---------------------------     $8,694.56

May 29 & 30, 2010 - Columbus Summer Beerfest

Total Income ----------------------- $83,400.00

Total Expenses  ------------------ $79,800.00

Net Profit  ----------------------------   $3,600.00

January 30, 2010 - Cincy Winter Beerfest

Total Income ----------------------- $87,971.00

Total Expenses ------------------- $82,171.00

Net Profit   ---------------------------   $5,800.00

As you can see, we are making some money at these events.  90% of the proceeds from each city stays in a fund for that city and 10% goes into our fund for administrative expenses.  We are using some of our admin money right now to produce a one hour "made for PBS" video of Big Joe.  Stay tuned for news.

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