Overview
What is Fairport Music And Food Festival Inc?
Fairport Music and Food Festival Inc is a nonprofit organization situated at 4 Heatherwood Road, Fairport, New York 14450. Their primary mission is to organize an annual music and food festival, alongside various pop-up events, as a means to raise funds, material donations, and awareness for various charitable organizations. In 2022, the organization successfully donated $282,826 to Golisano Children's Hospital from the proceeds of these events. They strive to contribute positively to the community by supporting various charitable causes.
Official website here: www.fairportmusicfestival.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Fairport Music And Food Festival Inc has received an overall score of 84%, which denotes a strong focus on accountability and finance. The charity's Three-Star rating is derived entirely from its performance in this category, showcasing the organization's commitment to maintaining a transparent financial structure and responsible management practices.
The charity excels in several key areas, including having a fully independent board of directors and a strong program expense ratio of 98.77%, indicating that nearly all funds are directed towards its charitable activities. Additionally, it has demonstrated solid fiscal practices with no material diversion of assets and well-maintained financial statements.
However, some limitations are noted, as the organization is missing several policies such as a conflict of interest policy and a whistleblower policy, which could enhance its governance framework. Despite these shortcomings, the overall financial health and accountability practices of Fairport Music And Food Festival Inc are commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Fairport Music And Food Festival Inc legitimate?
Fairport Music And Food Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairport Music And Food 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fairportmusicfestival.com
What is the mission statement of Fairport Music And Food Festival Inc?
Fairport Music and Food Festival Inc's mission is centered around organizing an annual music and food event with the primary objective of raising funds and generating awareness for charitable organizations. The organization works diligently on the development, planning, and execution of this festival, as well as pop-up events, with the goal of raising money, material donations, and boosting awareness for various charities. In 2022, the festival managed to donate a substantial amount of $282,826 to Golisano Children's Hospital from the proceeds of these events.
Official website here: www.fairportmusicfestival.com
Who is the CEO of Fairport Music And Food Festival Inc?
Andrew Mcdermott is the President of Fairport Music And Food Festival Inc.
Official website here: www.fairportmusicfestival.com
What is the revenue of Fairport Music And Food Festival Inc?
Fairport Music And Food Festival Inc's revenue in 2022 was $582,311.
Official website here: www.fairportmusicfestival.com
Who are the executives of Fairport Music And Food Festival Inc and what are their salaries?
There 100 volunteers at Fairport Music And Food Festival Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fairportmusicfestival.com
Where can I find the form 990 for Fairport Music And Food Festival Inc?
Fairport Music And Food Festival Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fairportmusicfestival.com
Learn more at the official website: www.fairportmusicfestival.com
Mission Statement of Fairport Music And Food Festival Inc
Fairport Music and Food Festival Inc, as its name suggests, is committed to hosting an annual music and food festival. The primary objective of this event is threefold: to raise funds, collect material donations, and increase awareness for charitable organizations. This nonprofit organization meticulously develops, organizes, and delivers this annual festival, as well as various pop-up events, to achieve these goals. In 2022 alone, Fairport Music and Food Festival Inc successfully donated a substantial sum of $282,826 to Golisano Children's Hospital from the earnings of these events. This act of generosity underscores the organization's unwavering dedication to supporting charitable causes.
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Impact
July, 2024
Fairport Music And Food Festival Inc's impact can be seen in its dedication to organizing an annual music and food festival to raise money and awareness for charitable organizations. In 2022 alone, the organization donated a significant sum of $282,826 to Golisano Children's Hospital from the proceeds of its events. Through their efforts, they have been able to make a tangible difference in supporting important causes such as health. The festival serves as a platform not only for entertainment but also for driving meaningful contributions to the community and those in need.
This information is meant to be a general summary of Fairport Music And Food 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 2022.
- Program Service Revenue: $384,477
- Gross Receipts: $582,311
Assets and Liabilities:
- Total Assets: $11,715
- Total Liabilities: $0
- Net Assets: $11,715
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BEER AND WINE SALES
Revenue
$159,104
FESTIVAL TICKET SALES
Revenue
$158,950
POP UP EVENT SALES
Revenue
$51,370
OTHER EVENT DAY SALES
Revenue
$15,053
Organization Details
Founding Year
2012
Phone
(585) 370-3831Principal Officer
Andrew Mcdermott
Main Address
4 HEATHERWOOD ROAD, FAIRPORT, NY, 14450
NTEE Category
Code: E122 - Health
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