News: 2009 Nowruz Festival Financial Report
April 25, 2009
The Persian New Year festival, hosted by ICF on Sunday, March 22, 2009, attracted more than 3500 Iranian-Americans. Nowruz festival was held at one of Houston's most prestigious parks, Discovery Green, from 1 PM to 9 PM.
ICF Board of Directors approved a $45,000 budget for this year's New Year festival and the actual cost to host the festival was $42,724.70. About half of the cost was covered by the admission ticket sales, and the other half was provided by 27 sponsors (businesses and individuals).
Itemized Expenses
Venue: $21,416.70 (Park, Rentals, Security, Insurance, Cleaning)
Entertainment: $16,724.91 (Morteza, Dance Group, Melody Band, DJ)
Kids Zone: $950.00 (Moonwalks, Petting Zoo, Face painter)
Advertising: $2,701.31 (Postcards, Magazine Advertisement, Banners, Tickets)
Food: $2,106.78 (Tents, Rental, Permits, Food Supply)
Total Expenses: $42,724.70
Itemized Revenue
Ticket Sales: $19,024.00
Sponsors: $16,950.00 (Business and Individual sponsorships, Donations)
Food: $4,283.00 (Commission from Food Vendors, ICF Food Booth)
Total Revenue: $40,257.00
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