Overview
What is Memphis In May International Festival Inc?
Memphis In May International Festival Inc is a Memphis-based nonprofit organization, with a team of 12 dedicated individuals. Their mission revolves around organizing and supporting various recreational, educational, social, and cultural events and activities, aiming to celebrate Memphis and people from around the world. They are renowned for the Beale Street Music Festival (BSMF), World Championship Barbecue Cooking Contest (WCBCC), Shelby County Celebration (SC), and the Great American River Run (GARR. Additionally, they host international events that honor a chosen country, along with educational activities, providing a platform for Memphis to connect with the world and vice versa.
Official website here: www.memphisinmay.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Memphis In May International Festival Inc has received a strong Three-Star rating from Charity Navigator, reflecting its good performance in accountability and financial management. With a score of 85%, the organization demonstrates solid fiscal responsibility, with 90.22% of its expenses going directly towards programs. The charity’s board is fully independent, which is a positive indicator of governance and decision-making integrity.
The organization excels in several key areas, including having a well-structured independent board and effective oversight mechanisms. It has comprehensive policies in place regarding conflict of interest, whistleblower protections, and document retention, showcasing a commitment to transparency and ethical operations. These strengths contribute to the charity's overall reliability and effectiveness.
However, the organization does face some challenges, as indicated by its liabilities to assets ratio of 64.11%, which may suggest a need for improved financial stability. While the charity is well-managed, potential donors should consider this aspect when assessing its long-term sustainability. Overall, Memphis In May International Festival Inc appears to maintain a robust operational framework while continuing to work on enhancing its financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis In May International Festival Inc legitimate?
Memphis In May International Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis In May International 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: $157,232
Professional Fundraising Fees: $0
Other Salaries and Wages: $610,108
For more financial information, click here
Official website here: www.memphisinmay.org
What is the mission statement of Memphis In May International Festival Inc?
Memphis In May International Festival Inc was established with the goal of facilitating and promoting recreational, educational, social, and cultural events and activities. Its primary purpose is to celebrate Memphis and its people, as well as those of other cultures and countries around the world. The organization achieves this through annual events and activities that showcase a selected country, bridging the gap between Memphis and the rest of the world, and vice versa. These events and activities aim to honor and celebrate the unique aspects of each featured country, thereby fostering a deeper understanding and appreciation for diverse cultures.
Official website here: www.memphisinmay.org
Who is the CEO of Memphis In May International Festival Inc?
Mack Weaver is the CEO of Memphis In May International Festival Inc The CEO's salary of Memphis In May International Festival Inc is $160,990 and their total compensation is $174,312.
Official website here: www.memphisinmay.org
What is the revenue of Memphis In May International Festival Inc?
Memphis In May International Festival Inc's revenue in 2024 was $2,461,409.
Official website here: www.memphisinmay.org
Who are the executives of Memphis In May International Festival Inc and what are their salaries?
The average compensation at Memphis In May International Festival Inc during 2024 was $59,026. There are 13 employees and 384 volunteers at Memphis In May International Festival Inc.
Here are 23 key members and their salaries (Memphis In May International Festival Inc's CEO's salary is $160,990 and their total compensation is $174,312):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $160,990
- Related: $0
- Other: $13,322
- Compensation: $197,230
- Related: $0
- Other: $14,126
- Compensation: $142,627
- Related: $0
- Other: $11,966
- Compensation: $114,693
- Related: $0
- Other: $0
Official website here: www.memphisinmay.org
Where can I find the form 990 for Memphis In May International Festival Inc?
Memphis In May International Festival Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.memphisinmay.org
Learn more at the official website: www.memphisinmay.org
Mission Statement of Memphis In May International Festival Inc
Memphis in May International Festival Inc is a nonprofit organization that aims to bring people together from Memphis and various cultures and countries around the world. With a mission to provide and support recreational, educational, social, and cultural events and activities, this organization celebrates Memphis and its people while introducing the world to Memphis.
Through annual events and activities, Memphis in May International Festival Inc honors a selected country of the world. The organization serves as a bridge, connecting Memphis to the world and vice versa. By organizing these events and activities, it provides a platform for people to learn about different cultures, expand their horizons, and foster mutual respect and understanding.
Memphis in May International Festival Inc goes beyond just hosting events, it creates opportunities for the community to engage in educational, social, and cultural experiences. This allows people to make connections, build relationships, and contribute to a more diverse and inclusive society. With its commitment to bringing people together, Memphis in May International Festival Inc continues to make a positive impact on the community and the world.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Memphis In May International Festival Inc significantly enriches the cultural and social landscape of Memphis through its diverse array of events. By organizing the Beale Street Music Festival, the World Championship Barbecue Cooking Contest, and various international celebrations, the organization brings together musicians, chefs, and attendees from around the globe, fostering a unique exchange of cultural experiences.
These annual festivities not only celebrate the heritage of Memphis but also highlight a selected country each year, allowing local residents and visitors alike to gain a deeper understanding and appreciation of different cultures. The emphasis on educational activities enhances this experience, offering workshops and presentations that inform and engage participants of all ages.
The festival also promotes community engagement and volunteerism, encouraging Memphis residents to actively participate in planning and executing events. This involvement strengthens community bonds and local pride, as residents take part in showcasing their city to the world.
Economically, the festival draws tourists to Memphis, boosting local businesses and contributing to the city's economy. The influx of visitors during festival times encourages hotel bookings, restaurant patronage, and shopping, creating a positive financial impact on the community.
In summary, Memphis In May International Festival Inc plays a crucial role in promoting cultural exchange, community engagement, and economic vitality in Memphis, making it a vital part of the city's identity.
This information is meant to be a general summary of Memphis In May International 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: $28,306
- Program Service Revenue: $1,169,823
- Gross Receipts: $3,782,766
Assets and Liabilities:
- Total Assets: $6,347,595
- Total Liabilities: $978,018
- Net Assets: $5,369,577
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FESTIVAL EVENTS
Revenue
$1,169,823
Organization Details
Founding Year
1977
Principal Officer
Mack Weaver
Website
www.memphisinmay.orgNTEE Category
Code: A200 - Arts
If you are a representative of Memphis In May International Festival Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.