Overview
What is The New Festival Inc?
The New Festival Inc, a 501(c)(3) non-profit organization, is based in Brooklyn, New York. Their primary mission is to promote awareness and unity within the LGBTQ+ community and their allies by showcasing a diverse range of international, domestic, and locally produced films, videos, and media. They achieve this through their annual LGBTQ Film Festival, which features over 140 films from 32 countries, attracting approximately 13,000 attendees. Additionally, they collaborate with over 150 community organizations across New York City to reach and engage various underserved groups within the LGBTQ+ community. With a team of seven individuals, The New Festival Inc aims to foster a sense of community and empowerment among its audience through their media arts events.
Official website here: www.newfest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The New Festival Inc has received a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance with an overall score of 88%. This rating is based solely on the organization’s financial practices and governance, suggesting a high level of transparency and responsibility in managing its resources.
The organization excels in several key areas, including having a fully independent board comprised of 19 members, which contributes to effective governance. Additionally, it has demonstrated good fiscal responsibility, with a program expense ratio of 81.31%, indicating that a significant portion of its funds is allocated directly to its programs.
However, there are notable gaps in the organization's policies, specifically the absence of a whistleblower policy and document retention and destruction policies, which both receive no points in the evaluation. While overall its financial health appears robust, addressing these policy shortcomings may enhance its operational integrity and stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The New Festival Inc?
84% of reviewers on Facebook recommend The New Festival Inc. Here is a summary of their reviews:
Many users express a deep appreciation for the authenticity and creativity of the performances. One particular comment highlighted the collective talent of the hometown actors, emphasizing their genius and honesty in presentations. This positive feedback showcases the engaging and heartfelt experiences offered by the nonprofit.
Overall, there is a strong sentiment of support and admiration towards the organization, indicating that it effectively resonates with its audience and leaves a meaningful impact.
This AI summary has been generated from reviews found on Facebook.
Is The New Festival Inc legitimate?
The New Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New Festival Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $136,516
Professional Fundraising Fees: $0
Other Salaries and Wages: $383,195
For more financial information, click here
Official website here: www.newfest.org
What is the mission statement of The New Festival Inc?
The New Festival Inc, as a 501(c)(3) non-profit organization, is dedicated to promoting media arts and fostering a sense of community among LGBTQ+ audiences and their allies. Through showcasing international, domestic, and New York-centric films, videos, and other media, it aims to increase awareness and unity within this community. The organization collaborates with over 150 community organizations throughout New York City to reach out to various marginalized and underserved groups within the LGBTQ community. Its signature event is the annual LGBTQ Film Festival, featuring films from around the world, attracting over 13,000 attendees each October. This event contributes to the continuous growth of the festival.
Official website here: www.newfest.org
What is the revenue of The New Festival Inc?
The New Festival Inc's revenue in 2024 was $1,894,326.
Official website here: www.newfest.org
Who are the executives of The New Festival Inc and what are their salaries?
The average compensation at The New Festival Inc during 2024 was $74,244. There are 7 employees and 150 volunteers at The New Festival Inc.
Here are 20 key members and their salaries:
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Official website here: www.newfest.org
Where can I find the form 990 for The New Festival Inc?
The New Festival Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.newfest.org
Learn more at the official website: www.newfest.org
Mission Statement of The New Festival Inc
The New Festival Inc, a 501(c)(3) tax-exempt media arts organization, is dedicated to promoting awareness and fostering a sense of community among LGBTQ+ audiences and their allies. To achieve this objective, New Festival showcases a variety of international, domestic, and New York-centric films, videos, and other media. By partnering and co-presenting screenings and events with over 150 community organizations throughout New York City, the non-profit seeks to reach and engage all marginalized and underserved groups within the LGBTQ community.
New Festival's most prominent program is its annual LGBTQ Film Festival, which takes place every October. This event features over 140 films from 32 countries, attracting over 13,000 attendees. The festival continues to grow, providing a platform for diverse voices and perspectives within the LGBTQ community. Through these initiatives, New Festival Inc strives to build bridges and strengthen connections among LGBTQ+ individuals and their allies, fostering a more inclusive and understanding society.
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Impact
August, 2024
The New Festival Inc, through its diverse programming and outreach efforts, plays a crucial role in fostering greater awareness and community among LGBTQ+ audiences and their allies. Their flagship program, the Annual LGBTQ Film Festival, serves as a platform to showcase international, domestic, and New York-centric film, video, and other media. By partnering with over 150 community organizations and co-presenting screenings and events throughout New York City, The New Festival Inc ensures that its impact extends to all marginalized and underserved groups within the LGBTQ community. With a history of featuring a wide range of films from 32 countries and attracting thousands of attendees, The New Festival Inc continues to grow its reach and influence, making a significant contribution to the LGBTQ arts and cultural landscape.
This information is meant to be a general summary of The New Festival Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $27,228
- Program Service Revenue: $420,088
- Gross Receipts: $1,894,326
Assets and Liabilities:
- Total Assets: $1,229,611
- Total Liabilities: $351,279
- Net Assets: $878,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Festival income
Revenue
$283,251
Other income
Revenue
$110,860
Merchandise income
Revenue
$1,636
Submission fees
Revenue
$24,341
Organization Details
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