Overview
What is Brat Fest Inc?
Brat Fest Inc is a renowned nonprofit organization situated in Madison, Wisconsin, specifically at 726 N Midvale Blvd. Their primary mission is to support various charitable and community organizations within Dane County, Wisconsin, by distributing proceeds from their annual event. The Brat Fest Foundation, an integral part of Brat Fest Inc, serves as a platform that unites a multitude of charitable and community organizations, ultimately raising funds for these organizations to enhance the Dane County community. The foundation's activities are centered around fostering unity and offering assistance to local charities and community organizations.
Official website here: www.bratfest.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) with an overall score of 62%.
Brat Fest Inc has been rated as needing improvement, reflecting some significant concerns regarding its financial transparency and governance practices. While the organization benefits from having a majority of independent board members, it scored poorly in areas such as financial statements and conflict of interest policies, which are critical for accountability and trust.
On a positive note, Brat Fest Inc demonstrates a strong commitment to its program expenses, with a perfect score in that category, indicating that funds are being directed towards its mission. Additionally, they have a good liabilities-to-assets ratio, suggesting financial stability in that regard. However, the lack of transparency in financial reporting and absence of essential policies indicates areas that require immediate attention.
To enhance their rating and overall effectiveness, Brat Fest Inc should focus on improving its financial accountability and governance structures. Addressing the noted deficiencies in documentation and policy implementation will not only aid in building trust with donors but also contribute to the nonprofit’s long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Brat Fest Inc legitimate?
Brat Fest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brat Fest 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bratfest.com
What is the mission statement of Brat Fest Inc?
Brat Fest Inc, through its non-profit foundation, aims to unite charitable and community organizations for the betterment of Dane County, Wisconsin's community. The organization's primary objective is to raise funds for these organizations, thereby contributing to their causes. The majority of the earnings from the annual Brat Fest event are allocated to such charitable and community organizations within Dane County, Wisconsin, thereby supporting various communities within this region.
Official website here: www.bratfest.com
Who is the CEO of Brat Fest Inc?
Tim Metcalfe is the Director of Brat Fest Inc.
Official website here: www.bratfest.com
What is the revenue of Brat Fest Inc?
Brat Fest Inc's revenue in 2022 was $874,041.
Official website here: www.bratfest.com
Who are the executives of Brat Fest Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bratfest.com
Where can I find the form 990 for Brat Fest Inc?
Brat Fest Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bratfest.com
Learn more at the official website: www.bratfest.com
Mission Statement of Brat Fest Inc
Brat Fest Foundation, a non-profit organization, serves a unique role in bringing together charitable and community organizations within Dane County, Wisconsin. Its primary mission is to support these organizations by raising funds for their causes, thereby benefiting the local community. By hosting the annual Brat Fest event, a substantial portion of its earnings is distributed to these organizations, aiming to make a positive impact on the communities within Dane County. The foundation's activities are centered around this mission, working tirelessly to support various charitable and community initiatives within its area of operation.
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Impact
October, 2024
Brat Fest Inc significantly impacts the Dane County community in Wisconsin by facilitating the distribution of funds to local charitable and community organizations. Through the annual Brat Fest event, it successfully raises substantial proceeds, which are then allocated to various causes that enhance the quality of life for residents. This initiative not only strengthens community ties but also supports a diverse range of programs and services that address local needs. By uniting different organizations and fostering a spirit of philanthropy, Brat Fest Inc plays a vital role in promoting community development and empowerment in Madison and beyond.
This information is meant to be a general summary of Brat Fest 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 2022.
- Investment Income: $1,601
- Program Service Revenue: $611,361
- Gross Receipts: $874,041
Assets and Liabilities:
- Total Assets: $195,346
- Total Liabilities: $1,509
- Net Assets: $193,837
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BRAT FEST
Revenue
$611,361
Organization Details
Founding Year
1983
Phone
(608) 236-2022Principal Officer
Tim Metcalfe
Main Address
726 N MIDVALE BLVD, MADISON, WI, 53705
Website
www.bratfest.comNTEE Category
Code: T12 - Philanthropy
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