Overview
What is Festival On The Brazos Fka Waco Cotton Palace?
Festival On The Brazos Fka Waco Cotton Palace is a nonprofit organization situated in Waco, Texas. With a postal address at PO Box 7850, this organization plays a significant role in preserving and celebrating the city's heritage. The mission of Festival On The Brazos is multifaceted, as it aims to educate both local residents and visitors about Waco's history while also promoting a sense of pride in Texas. The organization achieves this mission by sponsoring and organizing the historic Festival On The Brazos production. This event likely includes various activities and exhibits that showcase the city's rich past and unique culture.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Festival On The Brazos, previously known as Waco Cotton Palace, has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance. The organization earned this rating fully through its accountability and finance score of 79%, which indicates a well-managed approach to financial health and oversight.
The nonprofit boasts a strong governance structure, with all board members being independent and a complete lack of material diversion of assets. The organization has established several key policies, including conflict of interest, whistleblower, and document retention, which further underscore its commitment to transparency and ethical practices.
However, while the organization demonstrates high program expense efficiency with 97.14% of its expenditures directed towards programs, the overall score relies solely on the accountability and finance beacon. This leaves limited insight into other operational aspects such as program impact and effectiveness, which could be areas for future improvement and development.
This AI summary has been generated from information found on Charity Navigator.
Is Festival On The Brazos Fka Waco Cotton Palace legitimate?
Festival On The Brazos Fka Waco Cotton Palace is a legitimate nonprofit organization registered as a 501(c)(3) entity. Festival On The Brazos Fka Waco Cotton Palace 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Festival On The Brazos Fka Waco Cotton Palace?
The mission of Festival On The Brazos Fka Waco Cotton Palace is to enlighten both local residents and visitors about the city's rich history. It serves as a platform to honor and celebrate Waco and Texas as a whole. The organization actively sponsors and organizes the historic Festival On The Brazos production, aiming to educate and entertain through this event.
What is the revenue of Festival On The Brazos Fka Waco Cotton Palace?
Festival On The Brazos Fka Waco Cotton Palace's revenue in 2023 was $594,555.
Who are the executives of Festival On The Brazos Fka Waco Cotton Palace and what are their salaries?
There 325 volunteers at Festival On The Brazos Fka Waco Cotton Palace.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Festival On The Brazos Fka Waco Cotton Palace?
Festival On The Brazos Fka Waco Cotton Palace's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Festival On The Brazos Fka Waco Cotton Palace
Festival On The Brazos, formerly known as Waco Cotton Palace, is a mission-driven organization dedicated to enlightening its community and visitors about the rich history of Waco and Texas. Their primary objective is twofold: to educate and celebrate. Through their efforts, they strive to impart knowledge about the city's past while simultaneously celebrating the spirit of Waco and Texas as a whole. By sponsoring and organizing the Historic Festival on the Brazos Production, Festival On The Brazos plays a significant role in achieving this mission.
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Impact
July, 2024
The Festival On The Brazos, formerly known as Waco Cotton Palace, has a significant impact on the community and visitors alike. By sponsoring and organizing the historic Festival On The Brazos production, this event plays a crucial role in educating individuals about Waco's rich history and celebrating the cultural heritage of both Waco and Texas. Through its activities and events, the festival helps to promote a sense of pride and connection to the local community, while also serving as a platform for showcasing arts and culture. Overall, the Festival On The Brazos has a positive influence on preserving the city's heritage and fostering a spirit of unity and celebration among its participants.
This information is meant to be a general summary of Festival On The Brazos Fka Waco Cotton Palace. 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 2023.
- Investment Income: $3,053
- Program Service Revenue: $349,613
- Gross Receipts: $603,966
Assets and Liabilities:
- Total Assets: $166,535
- Total Liabilities: $0
- Net Assets: $166,535
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPATION FEES
Revenue
$188,625
TICKET SALES
Revenue
$69,999
COSTUME FEES
Revenue
$50,200
PROGRAM ADS
Revenue
$20,175
GUEST FEES
Revenue
$13,364
Organization Details
Founding Year
1970
Principal Officer
Missy Larson
NTEE Category
Code: A840 - Arts
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