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.  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 13 & 14, 2013 - Cincy Beerfest On Fountain Square

Total Income ----------------------   $142,730.00

Total Expenses ------------------   $133,493.00

Net Profit ----------------------------       $9,237.00

September 2, 2013 - Fireworks Party

Total Income ----------------------   $21,194.00

Total Expenses ------------------   $20,914.50

Net Profit ----------------------------        $279.50

August 16 & 17, 2013 - Columbus Summer Beerfest

Total Income ----------------------   $226,685.00

Total Expenses ------------------   $218,053.00

Net Profit ----------------------------       $8,632.00

February 15 & 16, 2013 - Cincinnati Winter Beerfest

Total Income ----------------------   $486,479.20

Total Expenses ------------------   $464,382.61

Net Profit ----------------------------     $22,096.59

January 18 & 19, 2013 - Columbus Winter Beerfest

Total Income ----------------------   $347,870.00

Total Expenses ------------------   $326,703.11

Net Profit ----------------------------     $21,166.89

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 recently used some of our admin money to purchase a PA system for our foundation jazz ensemble and orchestra to use during presentations and performances.

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